HomeMy WebLinkAboutRES 1613 r y
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RESOLUTION N0. /��j�
WHEREAS it is necessary for the Current Fund and the Library
Fund to borrow certain funds pending receipt of tax monies and
such transfers, as a loan, being necessary and required for such
purpose, NOW THEREFORE
BE IT RES�ILVED 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: C
edar River Acquisition Fund $100 ,Q00 . 00
UNTO: Current Fund $100 , 000 . 00
FROM: Waterworks ti '
U lit Fund $ 60 000 . 00
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UNTO: Library Fund $ 60 , 000 . 00
and such loans to be repaid, in any event , not later than June 30 ,
' 1969 , bearing interest at the rate of 3% per annum.
SE"CTION II : The City Clerk is hereby authorized and directed
to make the above transfer.
PASSED BY THE CITY COUNCIL this 24th day of �Iarch, 1969 .
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H�nie Nelson, Ci'ty Clerk
' APPROVED BY THE MAYOR this 24th da ,tif March,l969 .
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! Donald W. Custer, Niayor +
Approved as to Form:
Gerard M. Shellan, City Attorney