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RESOLUTION NO.1631
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 Isa 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 $10,000 to the PublicWorks Trust Fund Construc
tion Account 312 at an interest rate of 8% per annum.
2. The loaned funds shall be used to pay bills payable from the Public Works Trust FundAccount 312.
3. The loan shall be repaid to the Capital Improvement Fund #308 from revenues which accrue to
Street Improvement Fund 309.
Adopted by the City Council on July 9,1991.
ATTEST: