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HomeMy WebLinkAboutRES 1483 , � " �OR1Glf�AL ' . ,►..� , . . . � . ••� RESOLUI'ION �. ��7,�� WHEitEAS it is mecessary for the Fire Departarent to borrow certaia fuads from the City of Renton Piremea's Pension Board for the purpose of developiag and improving the proposed fire station eite No. 3 and trainiag grounds located thereon and euch 'I loan being necessary and required forthwith to provide additioaal fill for the aforesaid facility, NOW THEREFORE BE IT RESOLVBD BY THE MAYOR AND THB CITY COUNCIL OF THE CI1Y OF RENTOUI, WA3HINb'TN, AS FOLLOF�S: SECTION I: The City C1erk is hereby suthorized ta accept a loan from the City of Rentoa Firemen's Pension Board in the sum of $50,000.00 and such loaa, upon receipt from the Firemen's pension Board, to be transferred uato the Current �xpense Fuad, Fire Department� Capital Outiay, Accouat No. 60Z (Site No. 3 Developeoent) and said loaa t� be repaid to the Fireman'a Pensioa Board not later thaa December 31, 1968 and bearing interst at the rate of 5� per annum. PASSED BY THE CITY COUNCIL thia llth day of September, 2967 ��/l�l'�,�-,.��_i��c%�� Belmie Welson, City Cler� AYPRpVBD SY THE MAYOR this 21th day of Septe�e 1967, ,� t- 7 . � � '° �� - ��- . Doaald W. Cuater, Mayor Approved as to form: � Gerard M. Shellan, City Attoraey .