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HomeMy WebLinkAboutRES 2468 CITY OF RENTON, WASHINGTON RESOLUTION NO. 2468 WHEREAS the City of Renton has need of short term borrowing to provide cash flow while awaiting receipts from tax revenues , and WHEREAS the need has often been met with borrowing from other available City funds such as Forward Thrust, and WHEREAS the 1982 State Legislature authorized issuance 4 of short term obligations in anticipation of tax revenues , and WHEREAS the use of such short term obligations would be in the financial interest of the City, now therefore THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS : SECTION _I_ The above recitals are found to be true and correct in all respects . SECTION II : The Finance Director is hereby authorized to proceed and utilize short term obligations in anticipation of tax revenues as authorized by Senate Bill 4728 of the 1982 State Legislature. PASSED BY THE CITY COUNCIL this 20thday of September , 1982 . i Maxine otor, Acting ity �er �� APPROVED BY THE MAYOR this 20thday of September, 1982. 'Barbara Y'. Shinpocri, Playor Approved as to form: Lawrence J . Wa en, City Attorney