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RESOLUTION NO.1620
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE PUBUC
WORKS TRUST FUND CONSTRUCTION ACCOUNT 312 FROM THE
CAPITAL IMPROVEMENT FUND #308
RECITALS:
1. The Public Works Trust Fund Account 312 is a division of Capital Improvement Fund 309.
2.The present cash balance is not sufficient to meet the expenses of this account.
RESOLVED:
1.The Capital Improvement Fund #308 shallloan $175,000 to the PublicWorks Trust FundConstruc
tion Account 312 at an interest rate of 8% per annum.
2. The loaned funds shallbe used to pay billspayable from the PublicWorks Trust Fund Account 312.
3. The loan shallbe repaidto the Capital Improvement Fund #308 from revenues which accrue to the
Street Improvement Fund #309.
Adopted by the City Council on May 14,1991.
ATTEST: