HomeMy WebLinkAboutRES 1565 . , , � - .
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R830LUTION N0. ��.��
WH�RBA3 it is recasNry for the Park Depsrtm�nt to borraw eerts£et �unds
pen�diag -�s�nefpC : oE State and t�edaral nwtching funds tor the impeovement and
davel�pm�ent a� tha City'a I+ake Washington Beoch Park project and such loan ae�d
traasEer being neceasary aqd in tha public interest. NOW THSRBP'ORE,
HE IT RESOLVED BY THS MA1(0�2 AND THB CITY COUNCtt OF 'I4�S CI171 OF RBNTD�i, AS
POLIAW3:
SECTION I: Thera is hereby transferred the aum of a60��00 from thc Cedar
' River Acquiaition P�nds �N't�D the Park Fund, as a loan, and auch loan to bear interast
at the rate o! 39C psr annum aad to be repaid unto said lending �ue�d not later than
December 31� 1970.
SECTION II: The CfLy Clerk is tnereby authorfzed aad dfrected tc make the
above transfer.
PA3SED BY TH8 CI1Y OOUNCIL this 12th day of August� 1968.
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Relmie Nelson� City Cls�k y
APPR�VSD BY TN$ MAYOR thi8 12th dsy of Au$u9t, 9 8.
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Dbnsld W. Custer, Mayor
APPRf3n8D AS 'i�� 1�Ri4:
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Gerprd M. 3hslian� City Attort�y