HomeMy WebLinkAbout57-09 - Res. Loan from Equipment Rental & Revolving Fund 501 to Traffic Policing Unit Fund 001-206RESoLUTToN No. 5? -ô4
LOAN FROM MASON COUNTY EQUIPMENT RENTAL & REVOLVING (ER&R) FUND
501-OOO-OOO TO THE SHERIFF'S DEPARTMENT/TRAFFIC POLICING UNIT 001'206-000
WHEREAS, the Sheriff Department's new Traffrc Law Enforcement Unit needs to finance the
purchase and outfitting of six (6) Dodge Magnum vehicles;
WHEREAS, the Equipment Rental & Revolving (ER&R) Fund is able and willing to provide
financing for the Sherifls Department/Trafflrc Policing Unit;
NOW THEREFORE BE IT RESOLVED, by the Mason county Board of county
Commissioners that a loan for financing be established as follows:
FROM:
TO:
TERMS:
Mason County Equipment Rental & Revolving Fund (ER&R) 501-000-000
Sheriff s Department/Traff,rc Policing Unit
Annual Interest Rate: |.2%
Principal Amount: $280,482.35
Duration of Loan: Three Years
Debt Repayment: MonthlY
pURpOSE: Provide Financing for the Purchase and Outfitting of Six Dodge Magnum
Vehicles.
APPROVED this 23'd daY of June 2009,
BOARD OF COUNTY COMMISSIONERS
MASON COUNTY, WASHINGTON
C: Treasurer, Auditor/Financial Services, Budget & Finance, Utilities Waste Management, Karen Dowling, ER&R
Fund
Mo
ATTEST: