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RESOLUTION NO.2115
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
PARKS AND RECREATION IMPROVEMENT FUND 314 FROM THE
SANITATION FUND 490
RECITALS:
1.The Parks and Recreation Improvement Fund will receive funds at a later date.
2. The present cash balance is not sufficientto meet the present and projected needs of the fund.
RESOLVED:
1.The Sanitation Fund 490 shallloan$700,000tothe Parksand RecreationImprovement Fund 314.
2. The loan shall be repaid to the Sanitation Fund 490 perthe following schedule:
Principal Balance
1/1/1998
9/1/1999
9/1/2000
9/1/2001
9/1/2002
9/1/2003
9/1/2004
9/1/2005
9/1/2006
9/1/2007
Adopted by the City Council on May 26,1998
ATTEST:
t ^>*-e__
Finance Director
$50,000
$50,000
$50,000
$50,000
$100,000
$100,000
$100,000
$100,000
$100,000
Mayor
$700,000
$650,000
$600,000
$550,000
$500,000
$400,000
$300,000
$200,000
$100,000
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