HomeMy WebLinkAbout07-11 - Res. 07-11 Creating County Rd LTGO Bond Series A & B and Rustlewood WWTP Short Lived AssetRESOLUTION NO.(J7'! I
CREATING
MASON COUNTY RD LTGO BOND SERIES A & B RESERVE FUND #411-100-020
AND THE
RUSTLEWOOD WWTP SHORT LIVED ASSET RESERVE FUND #411-300-000
WHEREAS, Resolution No. 82-08 providing for the issuance of two series of limited tax
obligation bonds (payable from sewer revenue) requires reserve funds be established (funded from sewer
revenues) for the term of the bond obligation.
NOW THEREFORE BE IT RESOLVED, by the Mason County Board of County
Commissioners establishes the following reserve funds (payable from sewer revenue):
FUND #411-100-020
FUND NAME: MASON COUNTY RD LTGO BOND SERIES A & B
RESERVE FUND
PURPOSE: TO PROVIDE FOR AT LEAST ONE ANNUAL LOAN
INSTALLMENT TO SECURE PAYMENT OF THE BOND
FUND #411-300-000
FUND NAME: RUSTLEWOOD WWTP SHORT LIVED ASSEST
RESERVE FUND
PURPOSE: TO REPLACE SHORT-LIVED EQUIPMENT OR APPARATUS OF
THE SYSTEM
APPROVED this 47 'day Y of January 26, 2010.
BO ' 1 OF COUNTY COMMISSIONERS
t
Ring Erickson, C
K. Line*,Commission
44. jatieL
Shannon Goudy, Clerk • f the Board
APPROVED AS TO FORM:
3 2, 2 P
Tim Whitehead, Chief Deputy Prosecuting Attorney
C: Treasurer, Utilities & Waste Department, Auditor's Finance Department
erson