Loading...
HomeMy WebLinkAbout1618 OrdinanceORDINANCE NO. 1618 AN ORDINANCE PROVIDING FOR TEMPORARY TRANSFER LOANS IN THE AMOUNT OF $26,000.00 FROM ENTERPRISE FUND - WATER/SEWER; TO THE CEMETERY FUND IN THE AMOUNT OF $6,000.00; TO PARKS AND RECREATION FUND IN THE AMOUNT OF $20,000.00; ALSO, TO PROVIDE FOR REPAYMENT AND ASSESSMENT OF INTEREST. WHEREAS, said money is available in the Enterprise Fund - Water/Sewer, and WHEREAS, said recommended loans are in the best interest of the City of Pasco; NOW, THEREFORE, THE CITY OF COUNCIL OF THE CITY OF PASCO DO ORDAIN AS FOLLOWS: Section 1. The following temporary transfer loans are hereby authorized: FROM: Enterprise Fund - Water/Sewer $26,000.00 Total: $26,000.00 TO: Cemetery Fund $ 6,000.00 Parks and Recreation Fund 20,000.00 Total: $26,000.00 Section 2. These loans shall be repaid by the various funds to the Enter- prise Fund - Water/Sewer prior to December 31, 1974, together with interest at the rate of five percent (5%) per annum. Section 3. This Ordinance shall be in full force and effect after its passage and publication as required by law. PASSED by the City Council this ATTEST: HARRY' D_. KINXER; `D7R-E_UTOR OF f'INANC EX-OFFICIO/CITY CLERK APPROVED AS TO FORM: D. WAYNE AMPBELL, tITY ATTORNEY 18 day of December, 1973. I DONALD D. NTON, MAYOR