HomeMy WebLinkAboutRES 1037 , � � , .
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RESOLUTION N0. /'�,� 7
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A RESOLUTION OF THE CITY COUNCIL AUTHORIZING TRANSFER
OF FUNDS TO PROi1IDE FOR ADDITIONAL COSTS OF AIRPORT
CONTROL TOWER.
BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON
SECTION I; That the City �reasurer is hereby authorized to transfer
the sum of $5,000.00 from the Cedar River Park A�quisition Fund unto the Renton
Municipal Airport Control Tower Fund which transfer shall constitute a Ioan and
be znade available t4 said Gontrol Tower Fund when needed; said loan shall be
repaid within three (3) years from date of such loan and shall bear interest at
the prevailing rate.
SECTION II: Said fund or funds, when transferred to said Airport Control
Tower Fund, or so much thereof as required, are authorized to be expended and
appropriated for the cost of construction of the new Airport Control Tower Project,
which construction, together with the participation and aid of Federal Funds and
under agreement with the Federal .Aviation.Agency, has: heretofore been authorized
and approved by the City Council; it is understood that the additional expenditure
hereinabove authorize� and appropriated c�nstitutEs the City�s share of re-estimated
cost of the project, not exceeding the sum of $5,000.00.
PASSED BY THE CITY COUNCIL this 24th day of May, 1960.
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Vern H. Marr��s, City Clerk
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APPROVED BY THE MAYOR this 24th day of May, 1960.
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�o� _R. Baxter, Mayor f
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P OVED AS TO FORM;
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Ge'r�rd M; She1'lan, City Attorney
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