HomeMy WebLinkAbout2357 ResolutionCharles D Kilbu Mayor y,
RESOLUTION NO. cD3,S-r7
A RESOLUTION authonzing an inter fund loan from the General Fund to the
TRAC Development and Operating Fund in the sum of
$175,000 dollars
WHEREAS, the City Council of the City of Pasco, pursuant to RCW 35 33 121,
found that it is in the best interest of the City to lend funds from the General Fund to the
TRAC Development and Operating Fund and to provide for the repayment thereof, NOW
THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON
HEREBY RESOLVES AS FOLLOWS:
1. Authorization for loan. The Finance Director of the City of Pasco is hereby
authorized and directed to loan from the City of Pasco General Fund to the TRAC
Development and Operating Fund the sum of $175,000 dollars
2. Terms and Memorialization. The effective date of the loan shall be
December 15, 1997 and such loan shall be due and payable 36 months thereafter Such
loan shall bear no interest and may be extended for such 1 year terms as may be deemed
necessary for the repayment of such loan This resolution shall constitute memonalization
of the loan and its terms
PASSED by the City Council of the City of Pasco, Washington, this 15th day of
December, 1997 SIGNED in authentication of its passage this 15th day of December,
1997
Catherine D Seaman, Deputy City Clerk
APP ED AS TO FORM:
Leland B. Kerr, City Attorney