HomeMy WebLinkAboutRES 2210 a•
CITY OF RENTON, WASHINGTON
RESOLUTION NO. 2210
WHEREAS it is necessary and advisable and in the public interest to
provide for the borrowing of certain funds pending receipt of the second Federal
Letter of Credit on the Economic Development Administration (EDA/LPW) Main Fire
Station Construction Grant, Project Number 07-51-23907, NOW THEREFORE
BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON AS FOLLOWS:
SECTION I: The Director of Finance is hereby authorized and directed to
borrow the sum of $80,660.30 from the Street Forward Thrust Fund, bearing no
interest in accordance with Federal EDA Grant regulations and such sum to be
allocated into the following described fund:
FUND NO. 311, MAIN FIRE STATION CONSTRUCTION/EDA $80,660.30
said loan from the aforementioned fund shall be repaid in any event by
October 31, 1978.
PASSED BY THE CITY COUNCIL this 28i- day of August, 1978.
O
Delores A. Mead, City Clerk
APPROVED BY THE MAYOR this 28th day of August, 1978.
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Charles "De aurenti, Mayor
Approved as to form:
Lawrence J. Warren, City Attorney