HomeMy WebLinkAbout67-93 - Res. Interfund Loan to Harstene Pointe Secondary Treatment Construction Project 1",L"S 0 L Ul I.r 10 IN N 0
INTERFUND LOAN
A RESOLUTION RELATING TO AN INTERFUND LOAN FROM,,,
EQUIPMENT RENTAL AND PEVOLVING POND to HARTSTENE POINTE
SECONDARY TREATHENT CONSTRUCTION PROJECT , a Special
Revenue Fund.
WHEREAS , Mason County has awarded the construction contract to
construct the Hartstene Pointe Secondary Treatment Facility
Project; and
WHEREAS , the cost to upgrade the Hartstene Pointe Secondary
Treatment Facility will be reimbursed through the cooperation of
Quadrant Corporation, Hartstene Pointe Maintenance Association and.
the Department of Ecology, and
WHEREAS , it is preferable to finance such loan with internal Count-,y
funds.
NOW, THEREFORE , BE IT RESOLVED by the Board of County Commissioners
that an intertund Loan not to exceed monthly expenditures as they
apply to the Hartstene Pointe Secondary Treatment Project be
established as follows �
From: Equipment Rental & Revolving Fund #501
To; Hartstene Point Secondary Treatment,
improvement Fund
5
Terms: Annual Interest Rate of
Amount C)f Loan riot t co exceed monthly
expenditures or $300r00& 00 .
Duration I ( Fths
Hethod of repayment, Upon re,(-reipt (A' grant
monies to Hartstene Pointe Secondary Treatment
Improvement fund,,
Purpose2 To guarantee timely progress payments to the
Contractor awarded the Ha r ts t a ne c)i n t e
Upgrade project.
Its-
ADOPTED this day a f 1993.
BOARD OF COUNTY'
COHMISSIONERS
CH 1[ K IRSON
William 0 .
7a'&;4'e c
ATTEST:
MEHBEI�
'Laurs Porter
CLERK OF IT H E B 0 A R 1)
1H E H B EE P
Mary Fauqhender
In �>
I Ile
PPICK D AS TO FORM
MASON COUNTY PROSECUTOR