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RESOLUTION NO.1909
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
CENTRAL DRIVE LID FUND 317 FROM THE STREET IMPROVEMENT
FUND #309
RECITALS:
1.The Central Drive LID Fund will receive bond proceeds at a later date.
2. The present cash balance is not sufficient to meet the expenses of this fund.
RESOLVED:
1.The Street Improvement Fund #309 shall loan $75,000 to the Central Drive LID Fund #317 with
interest at 4.75%per annum.
2.The loaned funds shall be used to pay bills from the Central Drive LID Fund #317.
3. The loan shall be repaid to the Street Improvement Fund #309 from LID bondswhen issued by
the Central Drive LID Fund #317.
Adopted by the City Council on August 22,1995.
ATTEST:
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inance Director