1413u
RECITALS:
RESOLUTION NO.1413
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN
1.The L.I.D.#56 Fund 756 is an assessment fund authorized by Ordinance
#1338 ordering L.I.D.#56 within the budget and account reporting system
of the City of Moses Lake.
2.The present cash balance is not sufficient to meet the expenses of this
fund.
RESOLVED:
1.The General Fund shall loan $5,000 to the L.I.D.#56 Fund,#756,at an
interest rate of 8.5%per annum.
2.The loaned funds shall be used to pay current and future bills of Fund
756.
3.The loan shall be repaid to the General Fund from assessment bond pro
ceeds which accrue to Fund #756.
Adopted by the City Council on October 25,1988.
ATTEST