2556_00001RESOLUTION NO.2556
A RESOLUTION AUTHORIZINGAN INTER-FUND LOAN TO THE
CRESTVIEW DRIVELID27 DEBTSERVICE FUND282 FROMTHE SELFINSURANCEFUND503
RECITALS:
1.The Crestview Drive LID57 Debt Service Fund receive LIDpayments at a later date.
2.The present cash balance is notsufficienttomeet theexpenses ofthis fund.
RESOLVED:
1.The Self Insurance Fund #503 shallloan $9,247.57totheCrestview DriveLID57 Debt ServiceFund
#282 withinterest at 1.5%per annum.
2.The loaned funds shallbe used topay billsfrom the Crestview Drive LIDFund #282.
3.The loan shallbe repaidtotheSelfInsurance Fund #503 as LIDpayments are received.
Adopted by theCity Council onAugust 12,2003.
Mayor
Finance Director
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