HomeMy WebLinkAboutRES 1238 - - - - -- - - - - - �
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RESpLUTZ�N i3t}. ��.�'�
WHER�S it is necessary for the below mentiqned funds to borraw certain sums from
the Cedar River Acquisition Fund pending receipt of tax mon3.es and such loan being
necessary and required for the proper admiaistration af the City's degartments,�'�'E3� 3'H::_.��
FORE
BE IT RESOLVED $Y THE MAYOR ANA CITX COUNCII, pF TH8 CI'I'Y OF RENTON AS FOLLOWS:
Section l: The City Clerk and the City Treasurer are hereby authorized and
directed ta transfer the following sum from the Cedar River AcquisiCion�und, ta-wit:
FROM: Cedar River Acquisitio�, Fund $25,004.40
UNTO: Current Fuad $25,000.00
and said transfer shall. be and constitute a laan to said fund, bearin,g interest at the
rate of 4%, and such transfer to be effective as of March 30, 1964, and to be repaa.d i:.
any event, ta the Cedar River ACquisition Fund aat later than Becember 33, 1964.
PASSED BY TFIE CZTY COUNGIL th3.s 6C� dap of April, 1964.
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Helcuie Nelson, City� Clerk
APPROVED BY THE MAYE?R tliis 6th day of Apri3, 1964.
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� Donald W. Guster, Mayor
APPRt}VED AS fiC} 3�ORM:
Gerard M. Shellan, City Attorney