3082•ATTEST:
Adopted by the City Council on August 25, 2009.
Ronald C. Covey, Mayor
•RESOLUTION NO. 3082
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
BUILDING MAINTENANCE FUND 528 FROM THE SANITATION FUND
490
RECITALS:
1.The Building Maintenance Fund 528 will receive capital financing and rental revenues at a later
date.
2.The present cash balance is not sufficient to meet the present and projected needs of the fund.
RESOLVED:
1.The Sanitation Fund 490 shall loan $600,000 to the Building Maintenance Fund 528.
2.The loan shall bear interest at 1% per annum on the unpaid principal.
3.The loan shall be repaid to the Sanitation Fund 490 when the capital financing and rental revenues
are received.
Ronald R. Cone, Finance Director
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