HomeMy WebLinkAboutRES 1685 ' � ' � � • ' ' - � ' -
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RESOLUTION N0. �� �`�`
WHEREAS it is necessary for the belowmentioned fund to
borrow certain sums pending receipt of tax collection and said loan
being necessary and required for the purpose of replacing the City' s
shop bui�.ding which has heretofore been condemned as unsafe, and
the City' s Firemen' s Pension Board having agreed to loan the below-
specified funds unto the City of Renton, NOW THEREFORE
BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY
OF RENTON, WASHINGTON AS FOLLOWS :
SECTION I : The City Clerk and the City Treasurer are hereby
authorized and directed to borrow from the City' s Firements Pension
Fund the sum of $36 ,000. 00 for the benefit of the Current Fund and
said loan to bear interest at the rate of six percent (6%) per annum,
and to be repaid , in any event , not later than December 31 , 1971.
PASSED BY THE CITY COUNCIL this llth day of May, 1970 .
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Helmie Nelson, City Clerk
APPROVED BY THE MAYOR this llth day of May, 1970 .
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Henry E. Schellert, Council Presldent
Appro d as to for • Mayor Pro Tem
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GE�r ."� 3hell�h, City Attorney II
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