2347_00001RESOLUTION NO.2347
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
STREET IMPROVEMENT FUND #309 FROM THE SANITATION FUND
#490
RECITALS:
1.The Street Improvement Fund #490will receive Transportation Improvement Board (TIB)grant
proceeds at a later date.
2.The present cash balance is not sufficienttomeet theexpenses of thisfund.
RESOLVED:
1.The Sanitation Fund #490 shall loan $500,000totheStreet Improvement Fund #309 with interest at4%per annum.
2.The loaned funds shallbe repaid totheSanitationFund #490 from TIBgrantproceeds when received
by theStreet improvement Fund #309.
Adopted by the CityCouncil on June 26,2001.
Mayor
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Finance Directo
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