HomeMy WebLinkAbout90-91 - Res. Interfund Loan RESOLUTION NO. 90-91
INTERFUND LOAN
A Resolution relating to an IDt8rfVOd [0aD from: Equipment
Rental & Revolving Fund to HartSt8D8 Wastewater Treatment
Plant Plans and Specification Preparation, a special revenue
fund.
WHEREAS, Mason County intends to prepare plans and specifications for the
HartSteD9 Pointe Secondary Treatment Project; and
WHEREAS, the costs to Consolidated Sewer and Water (C.S,& W,) for these
prO '8CtS Will be reimbursed through the cooperation of Quadrant Corporation,
Hartotene Pointe Maintenance Association and the Department of Ecology; and
WHEREAS, it is preferable to f1DaDC8 such loan With internal COuDtv funds;
NOW, THEREFORE, BE IT RESOLVED by the Board of Mason County Commissioners that
an iDterfUDd loan not to 8xC88d $100,000.00 be established as follows:
From: Equipment Rental & Revolving Fund No. 501
To: Consolidated Sewer and Water
Terms: a1 Annual Interest Rate of
b\ Amount Of Loan not to exceed
C\ Duration One (1) Year
d) Method Of repayment: upon
receipt of grant monies to
C.S. & W Fund.
Purpose: To guarantee required verification by Department Of Ecology
Of timely progress payments.
ADOPTED this 13th day of August , 1991.
BOARD OF COUNTY COMMISSIONERS
Mason County, Washington
Absent on Scheduled Leave
chair
Ke-m-ber, Mike D. Gib'son
Member, Laura E. Porter
ATTEST:
Clerk of the-Board
AS TO FORM: