HomeMy WebLinkAbout21-09 - Res. Amending Res. 117-07 Interfund Loan from Rural County Sales and Use Tax .09 Fund 103RESOLUTTON NO. zl- Ò\
AMEND TNTERFUND LOAN FROM RURAL COUNTY SALES AND USE TAX (.09) FUND
103-000-00O - Resolution NO. LL7-O7
WHEREAS, the Mason County Board of County Commissioners approved an intefund loan to
the Belfair Wastewater and Water Reclamation Utility Fund 413-000-000, Resolution No. 117-07,
on November 6,2007 and;
WHEREAS, the Belfair Wastewater & Water Reclamation Utility Fund continues to need interim
financing until the funds are received for the final design and construction of the new Belfair
Wastewater & Water Reclamation Facility which is expected in December 20LI, and;
WHEREAS, the Rural County Sales & Use Tax (,09) Fund is able and willing to amend the initial
intefund loan to finance the Belfair Wastewater & Water Reclamation Project,
NOW THEREFORE BE IT RESOLVED, by the Mason County Board of County Commissioners
that an intefund loan for interim financing be amended as follows:
From:
To:
TERMS:
PURPOSE: ProvidelnterimFinancing.
APPROVED this 17th day of March, 2009,
Attorney
Rural County Sales & Use Tax (.09) Fund 103-000-000
Belfair Wastewater & Water Reclamation Utility Fund 413-000-000
Annual Interest Rate: 4.960lo
Principal Amount: $800,000
Duration of Loan: Three (3) years
Debt Repayment Interest only 3 years, stafting December 31, 2009
Principal lump sum, December 3L,2012
BOARD OF COUNTY COMMISSIONERS
MASON COUNTY, WASHTNGTON
ATÏESÏ:
C: Utilities & Waste Mng
Treasurer
Auditor
Budget & Finance
Tim Sheldon, Chair