HomeMy WebLinkAboutRES 1538 ♦ � � . � �f
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WHBR8A3 it is t�ece�aary and in the publ ic intesest. peadie►g tAa
r�ceipt of certafn tsx moni.es, to borrow certaia funda tor the iospeovemeet
cf certaia psrk facilities�
AND WE�BREAS it is r►ecessary that such funds be borrowed, ae a loan�
;.om the Csdar Biver Acquisition Pund, NUW T�k'E[��a,
BE IT RBSOLVSD BY Tt18 MAY(�R AND THB CI1Y i�TCIL QF T8� CI1Y OF
REN'LO�T� WASHING1flN, AS 1�QLIAWS:
SACTION I: The City Clerk is hereby autharized aad directed to
trane�er� as a loan, From the Ceder River Acqufsiti�n Pund UN10 Park Fut►d
No.1710. Capital Outlay Aecount 604, the sua� of �30�000.00 (Thirty thousaad
dallara) and anch transfer to be ared constitutQ a temporary loen to be ce�ieid
unto the Cedar River Acquisition Fuced not later ttusa Deceffiber 31 � 1969, and
such loan t� bear intereat at the rate og 39� per annu�.
PA338D BY THS CI1Y COt1NCIL thi� 6th day of May, 1968.
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H�eimfe �el�on. Citp Clerk
APPROVBD $Y 1tiB MAYqB this 6th day of May, 9 �
Donald W.Cuater. Maycr �
Approved as t� form:
Gerard M. Shellan. City Attorney