HomeMy WebLinkAbout0595 ResolutionRESOLUTION NO,; `595
A RESOLUTION CONFIRMING THE REPAYMENT OF LOANS UNDER RESOL-
UTIONS 586 AND 587.
WHEREAS,' the City Council authorized a temporary transfer loan in the
amount of $4, 000. 00 from the Arterial Street Fund to the Park and Recreation
Department under Resolution No. 586, and
WHEREAS, the City Council authorized a temporary transfer loan in the
amount of $6, 000. 00 from the Water Department to the Library Board under
Resolution No. 587, and
WHEREAS, the Finance Committee of the City of Pasco has heretofore
determined that these loans shall be repaid; NOW, THEREFORE,'
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE AS FOLLOWS:
Section 1. The repayment of the loan of $4, 000. 00 together with $39. 99
interes under Resolution No. 586 on May 25, 1964, is hereby confirmed.
Section Z. The repayment of the loan of $6, 000. 00 under Resolution No.
587 on May 25, 1964, is hereby confirmed. Payment of interest on this loan
shall be budgeted for during the year 1965, as set forth in Resolution No. 587.
Section 3. This Resolution shall be in full force and effect after its
passage as required by law.
PASSED by the City Council and APPROVED by the Mayor this ,; LL
day of June, 1964.
MAYOR
Atte sts
J
City Clerk
Approved as to Form:
City Attorney