HomeMy WebLinkAbout08-09 - Res. Loan from Equipment Rental & Revolving Fund to Landfill FundREsoLUrroNNo. oû-01
LOAN F'ROM MASON COUNTY EQUIPMENT RENTAL & REVOLVING (ER&R) F[]ND
501-OOO-OOO TO THE LANDFILL FTJND 402-OOO-OOO
WIIEREAS, the Landfill Fund needs financing of their purchase of a RollOut Truck;
WHEREAS, the Equipment Rental & Revolving (ER&R) Fund is able and willing to provide
financing for the Landfìll Fund;
NOW TIIEREFORE BE IT RESOLVED, by the Mason County Board of county
Commissioners that a loan for financing be established as follows:
FROM: Mason County Equipment Rental & Revolving Fund (ER&R) 501-000-000
TO:
TERMS:
Landfill Fund 402-000-000
Annual Interest Rate: 1.2%
Principal Amounf $86,735
Duration of Loan: Three Years
Debt Repa¡anent: AnnuallY
PURPOSE: Provide Financing for the Purchase of a RollOut Truck.
APPROVED this day ofFebruary 2009.
BOARD OF COUNTY COMMISSIONBRS
SL" 4-
& Finance, Utilities Waste Management, Karen Dowling, ER&R