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RESOLUTION NO.1610
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE PUBLIC
WORKS TRUST FUND CONSTRUCTION ACCOUNT 312 FROM THE
STREET REPAIR/RECONSTRUCTION FUND #119
RECITALS:
1. The PublicWorks Trust Fund Account 312 is a division of Capital Improvement Fund309.
2. The present cash balance Is not sufficientto meet the expenses of this account.
RESOLVED:
1.The Street Repair/Reconstruction Fund #119 shallloan $117,500to the PublicWorks Trust Fund
ConstructionAccount 312 at an Interest rateof 8% perannum.
2. The loaned funds shallbe used to pay billspayable fromthe PublicWorks Trust Fund Account 312.
3. The loan shall be repaid to the Street Repair/Reconstruction Fund #119 from revenues which
accrue to Capital Improvement Fund 309.
Adopted by the City Council on April 9,1991.
ATTEST: