HomeMy WebLinkAbout116-07 - Res. Interfund Loan from REET 2 Fund to Rustlewood Sewer & Water Utility Fundoan for interim financing be established as follows:
FROM: Real 1H:state Excise Tax (R E E T 2) Fund 3 51-000=000
TcD: {ustlewood Sewer Water Utility Fund 411-000=000
ERIYSo Annual -interest Rate:
Prmoipa] A , , oust:
Duration or
Debt Re payment:
4.96%
$800,000
One(1)Year
One Year
PURPOSE: Provide Interim F'mancing.
APPROVED nth
RE/SO-LOT ON NO. �J %I
,r
1\TERF JND TCAN FROM v - AL ESATE XCITSE TAX CRIFET 2) FAUN
TO RUS T L IP:WOO1 S w c & WATER j jT f f� IL TV FUND 4 1=000=
3M=000=000
-00
W E !+' EAS, the Rustlewood Sewer & Water Utility Fund needs interim financing until the fund
receives grant revenue and long term loan proceeds for sewer treatment plant capital improvements; and
WHERE 4 S, the Real Estate Excise Fax (R ► 1E J 2) Fund is able and willing to provide interim
financing for the Rustlewood Sewer St, Water Utility Fund;
NOW TiltIRE lF O E 3 F1 TT T RESOLVED, by tree Mason County Board of County
Co- - issioners that an iinterfiund
A
Rebecca S. Rogers, Clerk of
day of Noverrtberr 2007
30 COUN l COMMISSIONERS
/414-4,, faL
Ring IEricksol, Chairperson
ti
4" b SAL16
im Sheldon, Commissioner
Roy s Gallagher, Commissioner
Board
C: Treasurer, Auditor/Financial Services, Budget & Finance, Utilities Waste
Management, File