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RESOLUTION NO.1619
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE PUBUC
WORKS TRUST FUND CONSTRUCTION ACCOUNT 312 FROM THE
STREET REPAIR/RECONSTRUCTION FUND #119
RECITALS:
1. The Public Works Trust Fund Account 312 is a division of Capital Improvement Fund 309.
2. The present cash balance is not sufficientto meet the expenses of this account.
RESOLVED:
1. The Street Repair/Reconstruction Fund #119 shallloan $182,500 to the PublicWorks Trust Fund
Construction Account312at an interest rate of 8% perannum.
2. The loaned funds shall be used to pay billspayablefromthe PublicWorks Trust FundAccount 312.
3. The loan shall be repaid to the Street Repair/Reconstruction Fund #119 from revenues which
accrue to Street Improvement Fund 309.
Adopted by the City Council on May 14,1991.