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RESOLUTION NO.1624
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE PUBLIC
WORKS TRUST FUND CONSTRUCTION ACCOUNT 312 FROM THE
CAPITAL IMPROVEMENT FUND #308
RECITALS:
1. The PublicWorks 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 shall loan $11,000 to the Public Works Trust Fund Construc
tion Account 312 at an interest rate of 8% per annum.
2. The loaned funds shall be used to pay billspayable fromthe PublicWorks Trust Fund Account 312.
3.The loan shall be repaid to the Capital Improvement Fund #308 from revenues which accrue to the
Street Improvement Fund #309.
Adopted by the City Council on June 11,1991.