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RESOLUTION NO.2222
A RESOLUTION AUTHORIZINGAN INTER-FUND LOAN TO THE PARKS
AND RECREATION IMPROVEMENT FUND 314 FROM THE
WATER/SEWER CONSTRUCTION FUND 477.
RECITALS:
1.The Parks and Recreation Improvement Fund will receive funds at a later date.
2. The present cash balance is not sufficientto meetthe present and projected needs of the fund.
RESOLVED:
1.The Water/Sewer Construction Fund 477 shall loan $75,000 to the Parks and Recreation
Improvement Fund 314 with interest at 5.25% per annum.
2.The loan shall be repaid to the Water/Sewer Construction Fund 477 perthe following schedule:
Date Principal Balance
91/99
9/1/2000
9/1/2001
9/1/2002
$25,000
$25,000
$25,000
Adopted by the City Council on December 14,1999.
Mayor
ATTEST:
$75,000
$50,000
$25,000
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