HomeMy WebLinkAboutRES 0471 RE S OI,UTI O N NO �'�1- I
1`�HGREAS, the State Director of Hi�hways has required that
the City Council sha11 by resolutionldesignate the percentage of �
\
monies to be received by the City uiuler the provisions of Ch�pter 111,
Laws of 1935, that v+ill be used for street oonstruction and mainten-
ance and interest and principal bond payment;
NO'Id', THE?�E�R�,
BE IT RESOL1lED BY THE CI fiY COUNCIL Ob' THE CITY OF REN2l�N
,
AS FOLI,O!JS:
That of the money to be received by th� City of Renton �
under the provisions of Chapter 111, Lavrs of 1935, the City will
e�,pend it as follows: .
Ei�ki'�,V-iiYe ( 85 �� I�r cent for Street mainten�nce
(_ °o) per cent for street construction
F� -� �n (�°fo) per cent for payment of interest
and �incipal oi war-rants or bonds.
PASSID THIS 16th d�y of �pril, 1935.
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MAYOR
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