HomeMy WebLinkAboutRES 1493 �� � � i �
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RESOLU'TION AIO. ` , •
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WHEREAS �t is neceasary f or the belowment�on�d funds to borrow certain monies
from the Ced�r Ri.ver Acquisition Fund peading receipt of tax moniea, NCkl T1�REFORE
BE IT RESOLVED BY TH6 MAYOR Al� THE CITY COUI�IL aF TI�: CITY � RENTON�
WASRINGTON, AS POLLaWS:
SECTION I: The City C2erk ia hereby suthori.zed and directed to transfer the
foliawing funds, as a loan, and such lvan to bear interest at the rate of ,3� per annum
and Current Fund
and to be repaid to CeBar River Acquisition Fund,/in any event, not leter than
December 31, 1967, to-wit:
FROM: Cedar River Acquiaitioi� Fund �41,000.00
UNTO: Street �'uncl . $41,000.00
FZOi�9: C�'JRRSNT Fj31VD ;,:, $20,000.00
UiVTO: LI3P�P.Y FUNO $20,000.00
PASSED BY THE CITY COUNiCIL this 2�rd day o! Oetober, 2967,
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�ialmis lson. City �lerk 1
APPROVED BY THE MAYOR this 23rd day ot to er, 196?. .
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�Donbld W� t,'�ster, �Mayar
Approved aa to forms
•ererd M. Stiellan, l:ity Attori�Eq