HomeMy WebLinkAbout2079 OrdinanceW--�
ORDINANCE NO. 2'0,7-9
AN ORDINANCE relating to the reappropriation of funds now contained
in the water/sewer fund to the Local Improvement Fund,
District No. 105, for interim financing with provision
for repayment.
THE CITY COUNCIL OF THE CITY OF PASCO DOES ORDAIN AS FOLLOWS:
Section 1. That the city council finds that it is in the best
interest of the City of Pasco to temporarily decrease the water/sewer
fund by sixteen thousand & 00/100 ($16,000.00) dollars for reappropriation
to the Local Improvement Fund, District No. 105, to provide interim
financing for said L.I.D.
The monies reappropriated above shall be returned to the water/
sewer fund within six months of the effective date of this ordinance
and the amounts borrowed shall be repaid to the water/sewer fund with
interest at the rate of 7% per annum.
Section 2. This ordinance shall be in full force and effect and,
after its passage and publication as required by law.
PASSED by the City Council of the City of Pasco by a Vote of
Five YES to -0- No this 6 day of August 1979.
Chet Bailie, Mayor
AT, -E T
ei `n 1^ ells, City Clerk
APP OVED AS TO FORM:
1-- 1. 60
De nis J. De eli , City Attorney