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HomeMy WebLinkAboutRES 2385 . . ' , Y , � CITY OF RFNTON, tiUASi�INGrI'ON RESOLUTION N0. 2385 �VHEREAS it is necessary and ad.visable and in the nublic interest to provide for the borrowing of certain ftznds nend.ing receipt of Local Improvement District No . 315 Assessment monies due the City, NOW THEREFORE THE CITY COUNCIL OF THE CITY Or R_ENTON, ti,'ASHINGTON DO RESOLVE AS FOLLOWS: SECTION I : The Director of Finance is hereby authorizecl and directed to borrow the sum of $10 , 500 . 00 from the Street Forward Thrust Fund, bearing interest at the rate of llo per annum and such sum to be allocated unto the following described fund : LID N0. 315 BURNETT AVE . SOUTH $ 10 , 500 . 00 (S 2nd St . to Tobin Ave . S) said loan from the aforementioned fund shall be re�?aid in any event not later than August 31, 1981 . PASSED BY THE CITY COUNCIL this 9th day of �"Iarch � 1981 . ; ��:"c t�r'=:i;r (.� ;'`r% , ��'�'� Delores A. T�[ead, Cit�- Clerk APPROVED BY THE MAYOR this 9th day of T'Iarch , 1981 . �G.�lscutic� '�. . S k,c.r.,p o c,�.. Barbara Y. Shinnoch, '1�layor Approved as to form: . ;� , , r . . C' �.,� �"�,-�,:� _ . ..,�:u�- • I,awrence J. War`gen, City Attorney