HomeMy WebLinkAbout98-03 - Res. Establishing County Rural Development Fund 210 RESOLUTION NO . 03
ESTABLISH MASON COUNTY RURAL DEVELOPMENT LTGO BOND ' 02
FUND 210-000- 000
WHEREAS , RCW 36 , 32 , 120 , states " . . the board of county commissioners . . ' have the
care of the county property and the management of the county Hinds and business . . "
WHEREAS, Resolution No . 11 -02 provides for the issuance and sale of a limited tax
general obligation bond payable from sewer revenue from the North Bay/Case Inlet Sewer
System;
WHEREAS , Resolution No . 11 -02 requires a special fund designated as the "Mason
County RD Limited Tax General Obligation Bond 2002 " (the "Bond Fund") to be created for the
sole purpose of paying the principal of and interest on the Bond;
NOW THEREFORE, the Mason County Board of County Commissioners does hereby
establish the M . C . Rural Devel . LTGO Bond ` 02 Fund (210 - 000 -000) to pay the principal of and
the interest on the Mason County RD Limited Tax General Obligation Bond 2000 .
IT IS FURTHER ESTABLISHED THAT the bond principal and interest payments
will be paid from sewer revenue from the North Bay/Case Inlet Sewer System. The M . C . Rural
Devel . LTGO Bond ' 02 Fund (210 -000-000) will be administered by the Director of Utilities and
Wastemanagement, and this Director will pay proper expenses from this fund as necessary and
approved by the Mason County Board of County Commissioners .
APPROVED this day of ,69 2003 .
BOARD OF COUNTY COMMISSIONERS
Herb Baze, Chairperson
C
Wesley E . J ohnso , Commissioner
Jaym L . Kamin , Commissioner
ATTEST :
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Michael Clift, Chief Deputy Prosecutor
C : Accounting, Treasurer, Gary Yando, Budget & Finance