1505RECITALS:
RESOLUTION NO.1505
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN
1. The U.LI.D.#4 Account 462 is a utility assessment account authorized by Ordinance #1342
ordering U.LI.D.#4 withinthe budget and account reporting system of the City of Moses Lake.
2.The present cash balance is not sufficient to meet the expenses of this account,which is a division
of 1985 Revenue Bond Account #460.
RESOLVED:
1.The Water/Sewer Fund's Account #477 shall loan $150,000 to the U.LI.D.#4 Account,#462 at an
l J interest rate of 8.5%per annum.
2. The loaned funds shall be used to pay current and future billsof Account #462.
3. The loanshall be repaid totheWater/Sewer Fund's Account #410 from assessment bond proceeds
which accrue to Fund #462.
Adopted by the City Council on October 10,1989.
ATTES