HomeMy WebLinkAboutRES 1275 - '" `• 0�1 G'`���l '
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RESOLU'PION N0. /,2�.�
43�iEREAS it is necessaxy and in the public ineerest to advance certaira fundr> to
the belowmentioned Departments pendin� recefpt of tax monies, I�W THEREF4RE
BE IT RESOLVED BY THE MAYOR AND THE CI�Y COtJ1�tCIL OF �'HE CITY �F RENTON, WASHINGTON,
AS FOLLOc-as:
Section 1: The Ci.ty Clerk and the Cfty ?reasurer are hereby authorized to
tra:�sfer the sum of $11,000.00 unto the Park Fund and the sum of $15,000.00 unto the
Street Fund, from Cuq�ulative Reserve Fuad ATo. 1894 and boLh said transfers to consCitute
loaas to said respective funds, bearing interest at the rate of 4�� per annum and to
be repaid in any event uato Cumulative Reserve Fund No. 1894 on or before December 31,
i964; such loa� and transfers t� F�e effective as ef the 30th day of October, 1464.
PASSED BY the City Couucil this 2ad day ofPIeaember, 1964.
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Iielmie Nelson, City C2erk
APPROVED BY the Maycr, thfs 2nd . day of Xe�tember, 2964.
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Donald W. Custer, Mayor
APPROVED AS TO FORM: • I
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Gerard M. Shel2an, City Attorney