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