HomeMy WebLinkAboutRES 1673 � �
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RESOLUTION N0.-�/,�-�—�
� WHEREAS it is necessary for the Lake Washington Beach
Forward Thrust Fund No. 2100 to borrow certain funds pending
receipt of other funds to pay for a portinn of the purchase price
of certain waterfront properties , and such transfer as hereinabove
specified, as a loan, being necessary and required for such purpose ,
NOW THEREFORE
BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF
THE CITY OF RENTON, WASHINGTON, AS FOLLOWS :
SECTION I : There is hereby transferred, as a loan, the
following :
FROM: Cedar River Acquisition Fund: $119 ,445 . 75
FROM: Cumulative Reserve Fund #2104 : 3 ,908 . 58
FROM: Waterworks Utility Fund: 180 ,000 . 00
FROM: PAR,K FORWARD THRUST 177,691.00
UNTO : Lake Washington Beach Forward Thrust
Fund #210 0 , Acct. 6 Ol-Land Acquis ition: $481,04�.33:
and such transfer shall be loans , to be repaid, unto said funds ,
in an event not later
, y , than June 30 1970 bearin
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interest at the rate of five percent (5� ) per annum in the interim.
SECTION II : The City Clerk is hereby authorized and
directed to make the above transfers.
PASSED BY THE CITY COUNCIL this 9th day of March, 1970.
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Helmie Nelson, City Clerk
, APPROVED BY THE MAYOR this 9th day of March, 1970.
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ry a et , Mayor" "
Approve as to form:
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Ge�a d"'"r1:� 5hell�n, City Attorney
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