HomeMy WebLinkAboutOrd 1057 - 1978 Budget Amendment - City Hall Debt Service Fund COUNCIL ACTION
MEETING DATE AGENDA ACTION
TYPE
CITY OF
TUK WIL4
WASHINGTON
ORDINANCE NO. 1057
AN ORDINANCE PROVIDING FOR AN INTERFUND LOAN BETWEEN
CITY HALL CONSTRUCTION FUND AND THE CITY HALL DEBT
SERVICE FUND.
WHEREAS, The City Hall Debt Service Fund has need of temporary
financing until property taxes are recieved; and
WHEREAS, The City Hall Construction Fund has temporary funds
to invest;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA DO
ORDAIN AS FOLLOWS:
Section 1. It has been determined that the interest of the
citizens of the City of Tukwila may best be served by the following
transfer of funds:
From: Acct. #306/519.60.55 38,000.00
To: Acct. #202/519.60.62 38,000.00
Section 2. That the above loan be for the period of 90 days
from the date of this Ordinance, and at the rate of 6.00% interest to be
paid at the time of the repayment of the loan.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON,
At a regular meeting thereof this /7 44 day of J (A 1978.
U
8
Mayor
ap, �r /9'r
Date pproved
ATTEST: Ci C'lerk
E
Approved as to rm;
4a/41A
LAWRENCE E. HARD
City Attorney
Published: Record Chronicle, April 23, 1978