HomeMy WebLinkAboutRES 2468 CITY OF RENTON, WASHINGTON
RESOLUTION NO. 2468
WHEREAS the City of Renton has need of short term borrowing
to provide cash flow while awaiting receipts from tax
revenues , and
WHEREAS the need has often been met with borrowing from
other available City funds such as Forward Thrust, and
WHEREAS the 1982 State Legislature authorized issuance
4
of short term obligations in anticipation of tax revenues ,
and
WHEREAS the use of such short term obligations would be in
the financial interest of the City, now therefore
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO
RESOLVE AS FOLLOWS :
SECTION _I_ The above recitals are found to be true and
correct in all respects .
SECTION II : The Finance Director is hereby authorized to
proceed and utilize short term obligations in anticipation of
tax revenues as authorized by Senate Bill 4728 of the 1982
State Legislature.
PASSED BY THE CITY COUNCIL this 20thday of September , 1982 .
i
Maxine otor, Acting ity �er ��
APPROVED BY THE MAYOR this 20thday of September, 1982.
'Barbara Y'. Shinpocri, Playor
Approved as to form:
Lawrence J . Wa en, City Attorney