HomeMy WebLinkAboutRes 0725 - Interfund Loan - City Hall GO Bond Debt Service Fund
WHEREAS, The City Hall Bond Debt Service Fund has need of
temporary financing until property taxes are received; and
WHEREAS, The Contingency Fund has temporary funds to invest:
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, DOES RESOLVE 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 interfund
loan:
Section 2. That the above loan be repaid after receipt of the
July 1980 property tax allocation at the rate of 8.00% per annum starting
from May 1, 1980.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WAASHINGTON,
at a regular meeting thereof this 0.2/ day of 1980.
ATTEST:
Ap roved as to Form:
City Attorney
WASHINGTON
RESOLUTION NO 725
A RESOLUTION PROVIDING FOR AN INTERFUND LOAN BETWEEN
THE CONTINGENCY FUND, AND THE CITY HALL G.O. BOND DEBT
SERVICE FUND.
From: Acct. 105/581.10 $27,550
Loans Advanced (202 Fund)
To: Acct. 202/381.10 $27,550
Interfund Loan, Payable (105 Fund)
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M ajo r
City Clerk
COUNCIL ACTIOI
MEETING 1 A
np DATE I TEEM ACTIOP