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RESOLUTION NO.1854
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE AIRPORT
#495 FROM THE STREET IMPROVEMENT FUND #309
RECITALS:
1. The present cash balance is not sufficient to meet the expenses of this fund.
2.Grant funds will be received at a later date.
RESOLVED:
1. The Street Improvement Fund #309 shall loan $15,000 to the Airport Fund #495 without interest.
2.The loaned funds shall be used to pay bills from the Airport Fund #495.
3. The loanshall be repaid to the Street Improvement Fund #309 fromgrantfunds and otherrevenues
when received.
Adopted by the City Council on September 27,1994.
ATTEST: