HomeMy WebLinkAbout14-09 - Res. Amending Res. 18-08 Extending Payment of Interfund Loan from Reserve for Accrued LeaveRESoLUrro¡cNo. i'l -ô1
TO AMEND RESOLUTION NO. 18-08 TO EXTEND REPAYMENT OF THE
INTERFT]ND LOAN FROM TITE RESERVE FORACCRUED LEAVE F'LIND TO THE
EMERGENCY COMMUNICATIONS SYSTEMS (911) SALES & USE TAX FIJND
WIIEREAS, the Mason County Board of County Commissioners approved an interfund loan to
the Emergency Communications Systems (911) Sales & Use Tax Fund 125-000-000 on February 5,2008;
and
WIIEREAS, it is now necessaf,y to amend the tenns of that interfund loan.
NOW THEREFORE BE IT RESOLVED' bythe Mason CountyBoard of County
Commissioners that the interfund loan to the Emergency Communications Systems (911) Sales & Use Tax
Fund 125-000-000 from the Reserve for Accrued Leave Fund 131-000-000 be amended as follows:
F'ROM:
TO:
TERMS:
Reserve for Accrued Leave Fund
Emergency Communications Systems (911) Sales & Use Tax Fund
Annual Interest Rate: 4.46To
20t0
Principal Amount:$186,000
Duration of Loan: Two (21 Years
Debt Repayrnent:
PIJRPOSE: Interim Financing
APPROVED tns /AÆ dayof February2009.
BOARD OF COUNTY COMMISSIONERS
t i"f.r- -Commissioner
Gallagher,
ATTEST:
C: Treasurer, Budget & Finance, Accounting, E-911 Communications Fund file, Reserve for Accrued
Leave Fund file