1974RESOLUTION NO.1974
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
PATHS &TRAILS FUND 114 FROM THE WATER/SEWER FUND 410.
RECITALS:
1.The Paths &Trails Fund will receive grant funds at a later date.
t j 2.The present cash balance is not sufficient to meet the present and projected needs ofthe fund.
RESOLVED:
1.The Water/Sewer Fund 410 shall loan $50,000 to the Paths &Trails Fund 114.
2. The loan shall bear interest at 5.00%perannumon the unpaid principal.
3. The loan shall be repaid to the Water/Sewer Fund 410 when the grant funds are received.
Adopted by the City Council on June 25,1996.
ATTEST:
Finance Director
u
<j