HomeMy WebLinkAbout0532 Resolutioni
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RESOLUTION NO;
A RESOLUTION PROVIDING FOR A TEMPORARY TRANSFER LOAN FROM THE
ARTERIAL STREET FUND TO THE PARK FUND OF THE CITY OF PASCO.
Whereas sufficient taxes have not been received to meet the bugeted
expenses for the Park and Recreation Department for the year 1963, and
Whereas the additional sum of $5, 500, 00 is needed for said Depart-
ment, and sufficient monies are available in the Arterial Street Fund for a temporary
transfer loan, and
Whereas the Finance Committee of the City of Pasco has recommended
said temporary transfer loan as being in the best interests of the City of Pasco, NOW
THEREFORE,
FOLLOWS:
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE AS
Section 1. The sum of $5, 500, 00 shall be transfered from the Arterial
Street Fund to the Park Fund as a temporary transfer loan to meet 1963 budgeted
appropriations for the Park and Recreation Department.
annum,
Section 2. The loan will bear interest at the rate of four percent per
Section 3. The loan shall be repaid in 1963 as soon as sufficient tax
monies are received by the City Treasurer.
PASSED by the City Council and APPROVED by the Mayor this LdL
day of February, 1963.
A t t e s t: elrw'5�;'
City .Clerk
Approved as to for
City Attorney
r MAYOR
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