HomeMy WebLinkAbout115-95 - Res. Interfund Loan from Enfironmental Health to Water Quality Improvement Fund RESOLUTION NO. 115-95
INTERFUND LOAN
A RESOLUTION RELATING TO AN 1NTERFUND LOAN FROM ENVIRONMENTAL HEALTH
TO THE WATER QUALITY IMPROVEMENT FUND.
WHEREAS, the Water Quality Improvement Fund (WQIF) is established to facilitate loans to local land
owners for the correction of failing on-site sewage systems and of animal keeping practices impacting
water quality; AND
WHEREAS,the WQIF is in need of operating capital for a short period of time to process upcoming
loans;
NOW, THEREFORE, BE IT RESOLVED by the Board of Mason County Commissioners that an
interfund loan be established as follows:
From: Mason County Environmental Health Fund
To: Mason County Water Quality Improvement Fund
Purpose: To provide operating cash to complete loan transactions for the Water Quality
Improvement Fund.
Terms: Annual Interest Rate: 0%
Principal amount: $20,000
Duration: 3 Months
Method of Repayment: In full upon receipt of reimbursement from the
Washington State Department of Ecology State
Revolving Fund.
RESOLVED this 21 st day of November, 1995
BOARD OF MASON CO TY COMMISSIONERS
Jj�William O. Hunter M.L. Faughende Mary Jo Cady
Chairperson Commissioner Commissioner
ATTEST: A PROVED AS TO FORM:
I
Becky Rogers Michael Clift
Clerk of the Board Chief Deputy Prosecutor
c: Accounting (2)
Treasurer
Budget Director
Health Services