1517RESOLUTION NO.1517
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE PARK
IMPROVEMENT FUND FROM THE CAPITAL IMPROVEMENT FUND
RECITALS:
1. The Park Improvement Fund is a capital fund for park improvements to Cascade Park.
2. The present cash balance is not sufficient to meet the expenses of this fund.
RESOLVED:
1. The Capital Improvement Fund #308 shall loan $10,000 to the Park Improvement Fund #311 at an
interest rate of 8.5%per annum.
2.The loaned funds shall be used to pay current and future bills of Fund #311.
3. The loan shall be repaid to the Capital Improvement Fund #308 which accrue to Fund #311.
Adopted by the City Council on December 19,1989.
Mayor >
ATTEST: