HomeMy WebLinkAboutRES 0705w , , --- " s
RESOLUTION NO. 705
BE IT RESOLVED -by the City Council of the City of Renton
that the sum of $14,000.00 beCransferr-ed)from the
Current Expense Fund of the City to Local Improvement
District Fund No. 225 as a loan to the latter fund, in
order to save interest on Warrants which would otherwise
be issued to the contractor against said L.I.D., Fund
No. 225, such loan to be repayable with eight percent
(8J) interest from said L.I.D., Fund No. 225, to the
Current Expense Fund as and when monies accrue in said
L.I.D., Fund No, 225 from collection of assessments
levied for the same.
Passed by the City Council Au ust 24th1948•
y Clerk
Wiley August Crook,_
Approved by the Mayor, 24th 1948
PerryH/./Mitchel-19
Mayor _ -
Approved as to form:
CITY ATTORNEY