1913O
RESOLUTION NO.1913
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
CRESTVIEW DRIVE LID 27 DEBT SERVICE FUND 282 FROM THE
SELF INSURANCE FUND 503
RECITALS:
1. The Crestview Drive LID 57 Debt Service Fund will receive LID payments at a later date.
2. The present cash balance is not sufficient to meet the expenses of this fund.
RESOLVED:
1.The Self Insurance Fund #503 shall loan $44,648 to the Crestview Drive LID 57 Debt Service
Fund #282 with interest at 4.75%per annum.
2. The loaned funds shall be used to pay bills from the Crestview Drive LID Fund #282.
3. The loan shall be repaid to the Self Insurance Fund #503 as LID payments are received.
Adopted by the City Council on September 12,1995.
ATTEST:
£kJ
Finance Director