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HomeMy WebLinkAbout92-16 - Res. Replacing Res. 22-08 Changing Name of Public Works Facility Bond 2007 Fund 205 RESOLUTION NO. 9� REPLACING RESOLUTION 22-08 CHANGING THE NAME OF THE MASON COUNTY PUBLIC WORKS FACILITY BOND '07,FUND 205.000000.000.000 AND CREATE A PROGRAM WITHIN THE FUND WHEREAS,RCW 36.32.120, states "...the board of county commissioners...have the care of the county property and the management of the county funds and business..." WHEREAS,on February 26, 2008,the Board of Mason County Commissioners approved Resolution Number 22-08, creating the Mason County Public Works Facility Bond '07, Fund 205.000000.000.000; and WHEREAS,the Board of Mason County Commissioners recognize the need for a Debt Service Fund for the purpose of receipting resources and payments of the 2007 Mason County Public Works Facility Bonds, State of Washington Certificates of Participation, Series 2007 F Construction of Mason County Public Works Facility,Lease No. 0144-1-1; and WHEREAS,this lease has been refunded with State of Washington Certificates of Participation, Series 2016A, Lease No. 0144-2-1, dated March 31,2016. NOW,THEREFORE BE IT RESOLVED,the Mason County Board of County Commissioners does hereby change the name of Fund 205.000000.000.000 from"Mason County Public Works Facility Bond '07"to"Mason County Public Works Bond Fund". BE IT FURTHER RESOLVED,that a program within the fund,205.000000.000.100, titled Lease No. 0144-2-1,will be created in order to receive resources and to pay the costs of the the State of Washington Certificates of Participation, Series 2016A, Public Works Facility Lease No. 0144-2-1. BE IT FURTHER RESOLVED,that this resolution replaces Resolution 22-08 and the Mason County Treasurer and the Director of Public Works will administer this fund and pay proper expenses from this fund as approved by the Mason County Board of County Commissioners. APPROVED this (D `' day of cr,2016. BOARD OF COUNTY COMMISSIONERS MASON COUNTY, WASHINGTON ATTEST: i, _ Terri Jeffreys;C i J NI 111�� ewty, C er of the Board lo-�� p�At-L--- APPROVED AS TO FO Tim Sheldon,Vice Chair Tim Whitehead, Chief DPA Ran y Neatherlin, Commissioner Cc: Accounting,Treasurer,Public Works and Budget&Finance