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HomeMy WebLinkAboutRES 1367 RESOLUTION NO. /'_3" 7 WHEREAS it is in the public interest and for the public benefit to transfer certain funds, as hereinafter described, as a loan, for the purpose of completing the new municipal library facilities, pending receipt of regular tax funds by the City, rou THEREFORE BE IT RESOLVED BY THE- MAYOR-.&NLLTHE CITY COUNCIL OF-THE._,CITY OF RENTON, WASHINGTON, AS FOLLOWS: SECTION I: The City Clerk and City Treasurer are hereby authorized and directed to transfer the following funds, to-wit: A. FROM: Cedar River Maintenance and Improvement Fund 3400, Account 605, Capital Outlay $10,000.00 UNTO: Library Fund 5000, Account 605 Capital Outlay, (other structures and improvements) $10,000.00 and the aforesaid transfer shall be and constitute a loan bearing interest at the rate of three percent (3%) which shall be repaid not later than December 31 , 1967. PASSED BY THE CITY COUNCIL this..//day of March, 1966. Helmie Nelson, City Clerk APPROVED BY THE MAYOR thisday of March, 1966. Donald W. Custer, Mayor Approved as to form: Gerrard M. Shellan, City Attorney