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HomeMy WebLinkAboutRES 2052 • T �d • ~Y CITY OF RENTON, WASHINGTON RESOLUTION NO. 2052 WHEREAS it is necessary and advisable and in the public interest to provide for the borrowing of certain funds pending receipt of utility collections due the City, NOW THEREFORE BE IT RESOLVED BY THM 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 $50,000.00 from the 1975 Water & Sewer Construction Fund, bearing interest at the rate of 5.25% per annum and such sum to be allocated unto the following described fund: WATERWORKS UTILITY FUND $50,000.00 said loan from the aforementioned fund shall be repaid in any event not later than September 30, 1976. PASSED BY THE CITY COUNCIL this 28th day of June, 1976 424t-tte) Delores A. Mead, City C ark APPROVED BY THE MAYOR this 28 thday of June, 1976 /5? Charles Delaurenti, Mayor Approved as to form: G rard M. Sh6ilan city Attorney