HomeMy WebLinkAboutRES 2474 CITY OF RENTON, WASHINGTON
RESOLUTION NO . 2474
WHEREAS it is necessary and advisable and in the public
interest to amend Section I of Resolution No . 2457 which authorized
the borrowing of certain funds pending receipt of tax monies due
the City , NOW THEREFORE
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON , DO
RESOLVE AS FOLLOWS :
SECTION I , as amended : The Director of Finance is
hereby authorized and directed to borrow the sum, not to exceed
$700 , 000 . 00 from the Street Forward Thrust Fund, bearing the prevailin€,
rate of interest received by other City investments at the time of
such borrowing; and such sum to be allocated unto the Current Fund ,
Park Fund and Street Fund as required. Said loan from the afore-
mentioned fund shall be repaid in any event not later than December
31 , 1982 .
PASSED BY THE CITY COUNCIL this 27th day of September , 1982 .
Maxine Motor ,, cti.ng City er
APPROVED BY THE MAYOR this 27th day of September , 1982 .
.S �w
Bar ara Y. inpoc Mayor
Approved as to form :
Lawrence J. Wa den, City Attorney