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RECITALS:
RESOLUTION NO.1799
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE PATHS
AND TRAILS FUND 114 FROM THE STREET FUND 116
1. Pathsand Trails Fund is a special revenue fund and will receive grantfunds at a laterdate.
2. The present cash balance is not sufficientto meet the expenses of this fund.
RESOLVED:
1.The Street Fund #116 shall loan $5,000 to the Pathsand Trails Fund at an interestrateof 5% per
annum.
2. The loaned funds shall be used to pay bills payable from the Paths and Trails Fund.
3.The loan shall be repaid to the Street Fund #116 from revenues which accrue to the Paths and
Trails Fund #114.
Adopted by the City Council on January 25,1994.
ATTEST:
Finance Director