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HomeMy WebLinkAboutRES 2210 a• CITY OF RENTON, WASHINGTON RESOLUTION NO. 2210 WHEREAS it is necessary and advisable and in the public interest to provide for the borrowing of certain funds pending receipt of the second Federal Letter of Credit on the Economic Development Administration (EDA/LPW) Main Fire Station Construction Grant, Project Number 07-51-23907, NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON AS FOLLOWS: SECTION I: The Director of Finance is hereby authorized and directed to borrow the sum of $80,660.30 from the Street Forward Thrust Fund, bearing no interest in accordance with Federal EDA Grant regulations and such sum to be allocated into the following described fund: FUND NO. 311, MAIN FIRE STATION CONSTRUCTION/EDA $80,660.30 said loan from the aforementioned fund shall be repaid in any event by October 31, 1978. PASSED BY THE CITY COUNCIL this 28i- day of August, 1978. O Delores A. Mead, City Clerk APPROVED BY THE MAYOR this 28th day of August, 1978. AIVOlowimMERAMEMI0111..r Charles "De aurenti, Mayor Approved as to form: Lawrence J. Warren, City Attorney