HomeMy WebLinkAbout55-01 - Res. Interfund Loan RESOLUTION NO . 4'55 of
INTERFUND LOAN
WHEREAS, the Mason County Parks Program needed to purchase a new tractor; and
WHEREAS, the Parks Program in the Mason County Tourism & Recreation Department did not
have the necessary capital to purchase the tractor; and
WHEREAS, the Equipment Rental and Revolving Fund is able and willing to finance the
purchase of a new tractor;
NOW THEREFORE BE IT RESOLVED, by the Mason County Board of County
Commissioners that an interfund loan for the purchase of a tractor be established as follows :
FROM: Equipment Rental and Revolving Fund
TO : Parks Program/Tourism & Recreation Department/Current Expense Fund
TERMS : Annual Interest Rate : 4 . 37%
Principal Amount: $ 171648
Duration of Loan : Five ( 5 ) Years
Debt Repayment: $ 327 . 97 per Month
PURPOSE : Purchase of a tractor.
APPROVED this , day of May, 2001 .
BOARD OF COUNTY COMMISSIONERS
46 e
Mary Jo/ dy, C airperson
Herb Baze, Commission
Wesley E . hnson Commissioner
ATTEST :
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Rebec a S . Rogers, Clerk of the BVard
APPROVED AS TO FORM :
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m� C- +iefi Prosecutor
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C : ER&R, Karen Dowling, Parks, file