1218—
RESOLUTION NO.1218
A RESOLUTION ESTABLISHING NEW FUNDS TO BE ENTITLED BUILDING
AND EQUIPMENT FUND #310 AND REPAYMENT OF B &E LOAN FUND #277
Recitals:
1.The Moses Lake City Council passed Ordinance No.1170 on April 23,
1985 which authorized the issuance of short term obligations in
anticipation of taxes or other revenues.
2.Ordinance No.1170 authorized the City of Moses Lake to borrow mon
ey and issue short term obligations pursuant to the provisions of
RCW Chapter 39.50.
It is Resolved:
1.That a fund entitled "BUILDING AND EQUIPMENT FUND #310"be es
tablished into which all the proceeds of the loan shall be receip
ted and the remodeling costs and the computer equipment and vehicle
purchase costs shall be expended.
2. That a fund entitled "REPAYMENT OF B &E LOAN FUND #277" be es
tablished into which all the proceeds from the General Fund,Cen
tral Services Fund,Equipment Rental Fund,or the proceeds of a
refunding note shall be receipted for the express purpose of repay
ing the loan and from which the actual repayment of the loan shall
be expended.
Adopted by the City Council on May 14,1985.
ATTEST:
City Clerk