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RESOLUTION NO.1850
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
CRESTVIEW STREET LID FUND #316 FROM THE STREET IMPROVE
MENT FUND #309
RECITALS:
1.The Crestview Street LID Fund will receive bond proceeds at a laterdate.
2. The present cash balance is not sufficientto meet the expenses of this fund.
RESOLVED:
1.The Street Improvement Fund #309 shall loan $225,000 to the Crestview Street LID Fund #316with
interest at 8% per annum.
2. The loaned funds shall be used to pay billsfrom the Crestview Street LID Fund #316.
3. The loan shall be repaid to the Street Improvement Fund #309 from LID bonds when issued bythe
Crestview Street LID Fund #316.
Adopted by the City Council on September 13,1994.
£3
ATTEST:
Finance Director