HomeMy WebLinkAboutRES 2385 . . ' , Y , �
CITY OF RFNTON, tiUASi�INGrI'ON
RESOLUTION N0. 2385
�VHEREAS it is necessary and ad.visable and in the nublic
interest to provide for the borrowing of certain ftznds nend.ing
receipt of Local Improvement District No . 315 Assessment monies
due the City, NOW THEREFORE
THE CITY COUNCIL OF THE CITY Or R_ENTON, ti,'ASHINGTON DO
RESOLVE AS FOLLOWS:
SECTION I : The Director of Finance is hereby authorizecl
and directed to borrow the sum of $10 , 500 . 00 from the Street Forward
Thrust Fund, bearing interest at the rate of llo per annum and such
sum to be allocated unto the following described fund :
LID N0. 315 BURNETT AVE . SOUTH $ 10 , 500 . 00
(S 2nd St . to Tobin Ave . S)
said loan from the aforementioned fund shall be re�?aid in any event
not later than August 31, 1981 .
PASSED BY THE CITY COUNCIL this 9th day of �"Iarch �
1981 .
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Delores A. T�[ead, Cit�- Clerk
APPROVED BY THE MAYOR this 9th day of T'Iarch , 1981 .
�G.�lscutic� '�. . S k,c.r.,p o c,�..
Barbara Y. Shinnoch, '1�layor
Approved as to form:
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I,awrence J. War`gen, City Attorney