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HomeMy WebLinkAboutRES 1685 ' � ' � � • ' ' - � ' - � � � t • � RESOLUTION N0. �� �`�` WHEREAS it is necessary for the belowmentioned fund to borrow certain sums pending receipt of tax collection and said loan being necessary and required for the purpose of replacing the City' s shop bui�.ding which has heretofore been condemned as unsafe, and the City' s Firemen' s Pension Board having agreed to loan the below- specified funds unto the City of Renton, NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON AS FOLLOWS : SECTION I : The City Clerk and the City Treasurer are hereby authorized and directed to borrow from the City' s Firements Pension Fund the sum of $36 ,000. 00 for the benefit of the Current Fund and said loan to bear interest at the rate of six percent (6%) per annum, and to be repaid , in any event , not later than December 31 , 1971. PASSED BY THE CITY COUNCIL this llth day of May, 1970 . -«����=t��-r�-� / Helmie Nelson, City Clerk APPROVED BY THE MAYOR this llth day of May, 1970 . _�� -�_�������'� � Henry E. Schellert, Council Presldent Appro d as to for • Mayor Pro Tem ��►�,/�./l,l """"" GE�r ."� 3hell�h, City Attorney II �