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I <br /> f F.IL <br /> tee Nay 6,1967 <br /> RESOLUTION-INTERFUNO LOAN <br /> To adapt Resolution No.TBS]as follows: <br /> WHEREAS, 0 nent fl ing Poi local improvement <br /> districts Ss of received until the construction le' <br /> completed,and <br /> n <br /> WHEREAS, each Pend is required by State law to <br /> remain financially solvent,it becomes necessary to borrow <br /> ash Pram other solvent funds In order to comply with the <br />$(1 intent of the law,and <br /> 11 <br /> : - WHEREAS, it Ss required oP tine city Treasurer to <br /> obtain City Council approval to make in[erPunO loans: <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council <br /> t Cty h T ooE: rek:t <br /> t,intt faM12 <br /> r <br /> aontl <br /> eSrs thevTnoltlo vihne <br /> 7 p t and conditions <br /> Loan From <br /> Loan ToNater Operating <br /> Amount Authorized FE1 <br /> 18]500EvergreenNy/Gatwa <br /> Period of Loan: Nay 60 1987 to <br /> ! date Preceipt of proceeds <br /> v,I from permanent financing <br /> or other interim financing. <br /> Pete vP Interest: 6.]5% <br /> ftep eynent Spuice: Pxoceotla of permanent or. <br /> 1 otM1er Intnrim finanving <br /> ��a1al {I RESOLUTION-INTERFUNO LOAN <br /> l To adopt Resolution No.285B as follows: <br /> districts'VMSI ngtrmanent financing Po[local Smpivvement <br /> t completed,and <br /> received until the conetructiOn Ss <br /> StlHu'` n WHEREAS, each fund is required bey State law to <br /> remaA B'1 1 cashi from n etherl solvent fsolntunds ins comes order to compssarly borrow <br /> the <br /> I 1 intent of the law,and <br /> I IVCHERECSU Alis zequlred of the City Treasurer to <br /> F obtain Sty o nAl approval to make SntarPu4O loans, <br /> NOWT THEREFORE,BE Ii RESOLVED by the City Council <br /> (I a City M1Treasurer to emake�interfund hloanst unders they following <br /> terms and conditions: <br /> r t Loan From Nater Operating <br /> } Loan TO: Fund]26-both Street <br /> Amount Authorized: 2100,000 00 <br /> o- <br /> t I <br /> np " <br />