HomeMy WebLinkAboutRES 2305 1J
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CITY OF RENTON, WASHINGTON
RESOLUTION NO. 2305
WHEREAS it is necessary and advisable and in the public
interest to provide for the borrowing of certain funds for the purpose
of paying consultants for preliminary survey and design services in
connection with. proposed LID #314, NOW THEREFORE.
THE CITY COUNCIL OF THE CITY OF RENTON ? WASHINGTON, DO
RESOLVE AS FOLLOWS:
SECTION I : The Director of Finance is hereby authorized
and directed to borrow the sum of $140 ,089, 75 from the Street Forward
Thrust Fund, Reserve Account , bearing interest at the rate of
8 1/4% per annum and such sum to be allocated to the following
described . fund:
CURRENT FUND/PUBLIC WORKS/ENGINEER DESIGN
Acct No. 000/000/15 :532 :20 :31;51
(Professional Services) $140 , 089 .75
said loan from the aforementioned fund shall be repaid in any event
not later than December 31, 1979 .
PASSED BY THE CITY COUNCIL this 5th day of November, 1979
/Mi C t . .
Clerk
Mead,
Y
APPROVED BY THE MAYOR this 5th day of November, 1979.
.qW
Charlet J. Delaurenti , Mayor
Apprffed as to orm:
6-4-0610%,-
Lawrence J . W' ren, City. Attorney