HomeMy WebLinkAbout1816 OrdinanceORDINANCE NO. 1816
AN ORDINANCE PROVIDING FOR A TEMPORARY INTERFUND LOAN
FROM THE GENERAL FUND TO THE.FIRE EQUIPMENT AND -.CON-
STRUCTION FUND OF UP TO $40,000; PROVIDING FOR THE
REPAYMENT THEREOF, AND SETTING OF AN INTEREST RATE OF
5 1/4% PER ANNUM.
WHEREAS, Said money is available in the General Fund and,
WHEREAS, Said 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. A temporary interfund loan is hereby authorized from the
General Fund to the Fire Equipment and Construction Fund in the amount of up to
$40,000.
Section 2. This loan shall be repaid from proceeds of the 1977 special
levy tax collection prior to July 1, 1977, together with interest at the rate
of 5 1/4% 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 and APPROVED this 21 day of September
1976.
7
JA TIDRICK, MAYOR
AT,TE'ST :~
�EVELYN WELLS•,;'DEPUTY CITY CLERK
APPROVED AS TO FORM:
v
PATRIRK T:�RO C , CITY ATTORNEY