HomeMy WebLinkAbout0764 Resolution• RESOLUTION NO.�
A RESOLUTION PROVIDING FOR A TEMPORARY TRANSFER
LOAN FROM THE WATER/SEWER FUND TO THE URBAN
RENEWAL FUND -OF THE CITY OF PASCO.
WHEREAS, Federal Funds have not been received in order to continue
the execution of the.Urban Renewal Project, Washington R -lei, and
WHEREAS, The sum of not more than $10,000 cash is needed,now,.and
sufficient monies are available in the Water/Sewer Fund for a temporary
transfer loan, and
WHEREAS, The Finance Committee of the City of Pasco has recommended
such temporary transfer loan as being in the best interests of the City of
Pasco, NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO RESOLVE AS FOLLOWS:
Section 1. The following temporary transfer loan is hereby authorized to meet
the fiu�ncd-ing requirements of the Urban Renewal Fund.
FROM AMOUNT TO
• Mater/Sewer Fund $10,000 Urban Renewal Fund
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Section 2. The loan shall bear interest at the rate of 6% per annum.
Section 3. The loan shall be repaid in 1969 as soon as funds are received
from tie Federal Government to repay the Water/Sewer Fund.'
PASSED by the City Council and APPROVED as provided by law this 7th
day of January,.1969.
ULUI,I]L U LnJ n ., + ••
AMID EX- FICIO CITY CLERK
APPROVED AS TO FORM:
MIN ;
POST OFFICE BOX 293 I TELEPHONE (509) 547-8801 1 PASCO, WASHINGTON 99301
January 7, 1969
The Honorable Mayor & City Council
City Hall
Pasco, Washington
Gentlemen:
The Finance Committee of the City of Pasco recommends the following
temporary transfer loan as being in the best interest of the City of
Pasco.
FROM:
AMOUNT: TO:
• Water/Sewer Fund $10,000 Urban Renewal Fund
GDE:ew
1/7/69
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