HomeMy WebLinkAboutRES 2479 -CITY OF RENTON, WASHINGTON
RESOLUTION NO. 2479
WHEREAS it is necessary and advisable and in the public
interest to provide for 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 $500,000.00
from the Street Forward Thrust Fund, bearing the prevailing 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 aforementioned
fund shall be repaid in any event not later than December 31 , 1982.
PASSED BY THE CITY COUNCIL this 18thday of October 1982.
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Maxine Motor, Acting City Clerk
APPROVED BY THE MAYOR this 18thday of October 1982.
arbara Y. S inpoc ayor
Approved as to form:
Lawrence J. Warre , City Attorney