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ORDINANCE NO. 1744
AN ORDINANCE PROVIDING FOR THE TEMPORARY INTER -FUND LOAN
IN THE AMOUNT OF $18,800 FROM THE GENERAL FUND TO THE
NEIGHBORHOOD FACILITY CONSTRUCTION FUND IN THE AMOUNT OF
$18,800, AND TO PROVIDE FOR THE REPAYMENT THEREOF.
WHEREAS, the Department of Urban Development has withheld 10% of the
grant to construct the East Pasco Neighborhood Facility until final acceptance
of said project, and
WHEREAS, a portion of these monies are needed to make the final contract
progress payment, and
WHEREAS, said money is available in the General Fund, and
WHEREAS, said recommended loan is in the best interest of the City of
Pasco; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO ORDAIN AS FOLLOWS:
Section 1. The temporary interfund loan is hereby authorized to be made
from surplus General Fund monies to the Neighborhood Facility Construction Fund.
Section 2. This loan shall be repaid by the Neighborhood Facility Fund
from proceeds received from the Department of Housing and Urban Development
Grant.
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 and approved this 2 day of December
1975.
DONALD D. LINTON, MAYOR
ATTEST•
•v
EX-OFFICIO'CITY CLERK l/
APPROVED AS TO 'FORM:
C�
ATRICK T., ROACH, CITY ATTORNEY