1836 - Resolution - Interfund LoanRESOLUTION NO. 1836
A RESOLUTION OF THE CITY OF PORT ORCHARD,
WASHINGTON, AUTHORIZING AN INTERFUND LOAN FOR
THE STREET FUND.
THE CITY COUNCIL OF THE CITY OF PORT ORCHARD DOES HEREBY
RESOLVE THAT:
The City Treasurer of the City of Port Orchard be and hereby is authorized to
make a temporary interfund loan as needed, to be repaid, as revenues in excess of
expenditures are received, by December 31, 1998, with interest at 5% per annum.
From the Current Expense Fund to the Street Fund.
Projected repayment would be during months of anticipated property tax
remittances, which are November and December.
PASSED by the City Council of the City of Port Orchard, APPROVED by the
Mayor and attested by the Clerk in authentication of such passage this 26th day of October,
1998.
LESLIE J. WEATHERILL, MAYOR
ATTEST:
Patricia Parks, City Clerk