3171RESOLUTION NO.3171
ARESOLUTION RESCINDING RESOLUTION 3161 AND AUTHORIZING
AN INTER-FUND LOAN TO THE BUILDING MAINTENANCE FUND528
FROMTHE WATER/SEWER CONSTRUCTION FUND477
RECITALS:
1.Resolution 3161 is hereby rescinded.
2.The Building Maintenance Fund 528 will receive General Fund revenues ata later date.
3.The present cash balance is not sufficient to meet the needs of the fund.
RESOLVED:
1.The Water/Sewer Construction Fund 477 shall loan $4,000,000 to the Building Maintenance Fund
528.
2. The loan shall bearinterest at2%perannum onthe unpaid principal.
3.The loan shall be repaid to the Water/Sewer Construction Fund 477 when the General Fund
revenues are received.
Adopted by the City Council on September 14,2010.
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