1534RECITALS:
RESOLUTION NO.1534
A RESOLUTIONAUTHORIZING AN INTER-FUND LOAN TO ULID #4 FROM
THE WATER/SEWER CONSTRUCTION ACCOUNT
1. The U.LI.D.#4 Account 462 is a utility assessment account authorized by Ordinance #1342
ordering U.LI.D.#4 within the budget and account reporting system of the Cityof Moses Lake.
2. The present cash balance is not sufficient to meetthe 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 $10,000 to the U.LI.D.Account #462 at an
interest rate of 8.5% per annum.
2. The loaned funds shall be used to pay current and future billsof Account #462.
3. The loan shall be repaid totheWater/Sewer Fund's Account#477 from assessment bond proceeds
which accrue to Fund #462.
Adopted by the City Council on February27,1990.