HomeMy WebLinkAboutRES 1492 � t. �
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RSSOLUTION N0. �T�Z
WHBl�AS �t �.s necessary f or t�e Psrk f�und to borrow certa in lbere inbe!ow apec if ied
moni.es from the Cedar River Acquisition Fund, on a tempor$ry �asis, NOW TI�REFORE
BE IT RESOLVED BY THE 1�YOR AAID THS CTTY COUPICIL �' Tf�E CITY OF RENTAIV�
WASHINGTON, AS FOLI�GtS s
SECTION I: The City Clerk ia hereby authorized and directed to trsnsPer tte
sum of Fifty Five Thousand Doliars ($55�000.00) from the Cedar River Acqufsition Fund,
as a lcan, unto the Park Fund, and auch loan to bear interest at the rate of thr�e
percent (3�) per annum� and to be repaid by said Park Fund, in any event, unto the
, Cedar River Acquisition Fpnd, not later then December 31� 1968.
PA3SED BY Tt� CIZY COUNCIL this 16th day of October, 1967. �
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Helmie Nelaon C�t Cle li - � '
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APPROVBD BY T� MAYOR this 16th deq of Oc , 196'7. - - y
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nald W Cuater Me or
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Approved 8s to �'brt�2 !
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C�rard M. Shdllan, bt y�t�ney��
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