1506RESOLUTION NO.1506
A RESOLUTION ESTABLISHING ACCOUNTS INTHE STREET IMPROVEMENT FUND,
AND IN THE WATER SEWER FUND.
RECITALS:
1.A debt service account is needed in the Street Improvement Fund #309 to account for short term debt
that will be incurred for the 1989 paver project.This debt will be repaid in 1990 when the council issues
general obligation bonds,which will include both the 1989 and 1990 paver projects.
2. A debt service account is needed in the Water/Sewer Fund to account for the debt which is being
incurred by the Water/Sewer fund for the Basin Homes Sewer project.This is an intergovernmental
loan which is being obtained from the State Water Pollution Control Revolving Fund.
3. A debt service account is needed in the Water/Sewer Fund to account for the debt which will be
incurred from a loan from the Public Works Trust Fund for various Water/Sewer Projects.
RESOLVED:
1.That an Account named "S/T 309 Loan"and numbered 313 be established within the 309 Street
Improvement Fund.
2. That an Account named "State Water Pol D/S" and numbered 484 be established within the 410
Water/Sewer Fund.
3. That an Account named "PWTF W/S D/S"and numbered 485 be established within the 410
Water/Sewer Fund.
Adopted by the City Council on October 10,1989.