1433u u
RESOLUTION NO.1433
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN
RECITALS:
1.The U.L.I.D.#4 Account 462 is a utility assessment account authorized by
Ordinance #1342 ordering U.L.I.D.#4 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
account,which is a division of 1985 Revenue Bond Account #460.
RESOLVED:
1.The Water/Sewer Fund's Account #410 shall loan $150,000 to the U.L.I.D.
#4 Account,#462,at an interest rate of 8.5%per annum.
2.The loaned funds shall be used to pay current and future bills of Account
462.
3.The loan shall be repaid to the Water/Sewer Fund's Account #410 from as
sessment bond proceeds which accrue to Account #462.
Adopted by the City Council on December 27,1988.
s/R.Wayne Rimple
ATTEST:May°r
s/Walter Fry
Finance Director