1515RECITALS:
RESOLUTION NO.1515
A RESOLUTION AUTHORIZINGAN INTER-FUND LOAN FOR THE STREET
IMPROVEMENT FUND FROM THE GENERAL FUND
1. The present cash balance in the Street Improvement Fund #309 is not sufficient to meet the
expenses of this fund.
RESOLVED:
1. The city's General Fund #000 shall loan an additional $25,000to the Street Improvement Fundat
an interest rate of 8.5% per annum.
2. The loaned funds shall be used to pay current and future billsof Fund #309.
3.The loan shall be repaid to the General Fund from revenues which accrue to Fund #309.
Adopted by the City Council on December 19,1989.
ATTEST:
Finance Director