1920RESOLUTION NO.1920
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
CENTRAL DRIVE LID FUND 317 FROM THE SANITATION FUND #490
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 Sanitation Fund #490 shall loan $200,000 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 Sanitation Fund #490 from LID bonds when issued by the Central
Drive LID Fund #317.
Adopted by the City Council on October 24,1995.
ATTEST:
JL v
Finance Director