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HomeMy WebLinkAbout2059 ResolutionJ C eFELICE or ATTEST ATHERINE D SE AN Deputy City Clerk APPROVE D AS TO ORM tie 111/30 A RUBSTELLO orney RESOLUTION NO. acxs - A RESOLUTION declaring the Pasco City Council's support of interest- free loans by the United States Treasury to tax-supported bodies for the purpose of funding capital projects and for paying off existing debts. WHEREAS, the City Council of the City of Pasco, Washmgton, must from time to time issue bonds to finance capital projects that are necessary to insure the health and welfare of the citizens of the City of Pasco, and WHEREAS, the City Council of the City of Pasco recognizes the fact that the cost of interest for bonds issued to fund capital projects is a great burden on the taxpayers of the City of Pasco, Now, Therefore, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DOES RESOLVE AS FOLLOWS: The City Council does hereby request that the United States Congress instruct the Umted States Treasury to create and issue mterest-free loans to tax-supported bodies for the purpose of funding capital projects and for paymg off existing debts PASSED by the City Council of the City of Pasco, at a regular meeting this 1st day of February, 1993 DeJtet,(2e_