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HomeMy WebLinkAboutRES 1613 r y _ - . ��'fC3}�,',�� . . � . � ��. ,. . . RESOLUTION N0. /��j� WHEREAS it is necessary for the Current Fund and the Library Fund to borrow certain funds pending receipt of tax monies and such transfers, as a loan, being necessary and required for such purpose, NOW THEREFORE BE IT RES�ILVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, AS FOLLOWS : SECTION I : There is hereby transferred, as a loan, the following: FROM: C edar River Acquisition Fund $100 ,Q00 . 00 UNTO: Current Fund $100 , 000 . 00 FROM: Waterworks ti ' U lit Fund $ 60 000 . 00 Y � UNTO: Library Fund $ 60 , 000 . 00 and such loans to be repaid, in any event , not later than June 30 , ' 1969 , bearing interest at the rate of 3% per annum. SE"CTION II : The City Clerk is hereby authorized and directed to make the above transfer. PASSED BY THE CITY COUNCIL this 24th day of �Iarch, 1969 . ����� _ �-�� J H�nie Nelson, Ci'ty Clerk ' APPROVED BY THE MAYOR this 24th da ,tif March,l969 . �, � '�}✓,� � ,� ���� ��� �-c,----�� �� ! Donald W. Custer, Niayor + Approved as to Form: Gerard M. Shellan, City Attorney