HomeMy WebLinkAbout0477 Resolution,si
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RESOLUTION NO'.
A RESOLUTION AMENDING RESOLUTION NO,. 459`, BEING A
RESOLUTION AUTHORIZING THE ISSUANCE, OF INTEREST
BEARING WARRANTS FROM THE MUNICIPAL GOLF COURSE
FUND: TO BE PURCHASED WITH OTHER, CITY FUNDS, AND.
AMENDING RESOLUTION .NO. 470, BEING A. RESOLUTION
AUTHORIZING A TEMPORARY TRANSFER LOAN FROM THE
CONSUMER DEPOSITS FUND TO THE: MUNICIPAL. GOLF COURSE
FUND.
WHEREAS, Resolution. No. 459 provided for a loan, of the sum of
$17, 000 to the. Municipal Golf Course Fund through the issuance of interest
bearing time. warrants from the following funds in. the following amounts;
and,
Fund
Amount
Consumer Deposit Fund. $2-000
Cemetery Trust Fund 5, 000
Firemenls Relief & Pension Fund 10,000
WHEREAS, 'said, loans- should have been implemented according to,the
Division of Municipal Corporationsof the. State. of Washington by means of
temporary transfer loans as provided for in Resolution No. 470, and
WHEREAS, the Municipal Golf C ours e Fund and the. Golf Course
operation are actually a part of the Park Fund and Park Department and have
been sodesignated in the 1961 Budget of the City of Pasco in accordance with
the- recommendation of said Division of Municipal Corporations, and
WHEREAS, the Municipal Golf Course Fund.as designated in Resolution
Nos. 459 and 470 should be. designated as the Park- Fund, and
WHEREAS, the. Firemeri?'s Relief & Pension Board and the Finance
Committee of the City of. Pasco have recommended the temporary transfer
loans as. hereinafter set fo.rth, and
WHEREAS, said temporary transfer loans are to the best interests of
the City of Pasco, NOW, THEREFORE,
THE CITY.M COUNCIL OF THE CITY OF PASCO DO RESOLVE. AS FOLLOWS:
Section 1.
The funds, the amounts-, the rate of interest, and the dates as set forth
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and provided for in Resolution 'No. '459 'shall not.be changed or modified in
any way by this Resolution;, under. the ter.ms..of said Resolution, they are as
f oll ow s:
Wa ar-r-a.nt No. . Date
No.
1
3»15-.60
No.
2
3-31-60 •
Nd."
3
4..6.•6:0
No.
4.
4»29-60
No.
5 `i- RI
4-28.60
No.
6.
531-6.0
Fund
Consumer Deposit
Cemetery Trust
Gemetery Trust
Gemetexy Trust
Firemen R & P
Firemen. R & P
Section 2.
Amount
$ 2, 000.00
1, 000•9 00
1, 000. 00 ✓
3.;000..00,/
1,000.00
91 000.00 r/
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The aforesaid sumsas provided, for in Resolution No. 45.9 shall be
repaid plus interest from the date of theoriginal warrants over a period of
thr•e;e• years as temporary transfer loans; the principal sums being as follows:
�J
Fund
Consumer Deposit
Cemetery Trust
1961
-6,50.00
1, 000.. 00
Firemenls Relief & Pension
3; 000. 00
Section .3.
1962. 1963
6.50; 0'0 700.00
2,000.00 2;, 000. 00
3,000.00 4,000.00
The. Municipal Golf, Gourse Fund as .set forth in Resolution Nos. 459
and 470 shall be and hereby is designated. as the- Park Fund.
.Section 4.
The interest bearing time warrants provided for in. Resolution No. 459
shall be held as evidence of the temporary transfer loans as provided herein.
Section 5.
Except as set forth herein, Resolution No's. 459 and 470 shall remain in
full force .and effect as originally passed.
Section 6.
It is the intention of this Resolution to- bring up to date all temporary
transfer loans made for Golf Gours'e purposes.
_2".
PASSED .by the City. C'.ouncit-an1d APPROVED by the Mayor this/day
of November, 1960
Mayor
Atte st:
City Clerk
oll
. Approfpas. to form:
City
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