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HomeMy WebLinkAbout0477 Resolution,si l� 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 4 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/ 1� 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 t