HomeMy WebLinkAbout80-93 - Res. Interfund Loan from Equipment Rental and Revolving to Totten/Little Skookum Clean Water Distric REWRITTEN TO CORRECT BORROWER
RESOLUTION NO.
INTERFUND LOAN
A RESOLUTION RELATING TO AN INTERFUND LOAN FROM EQUIPMENT
RENTAL AND REVOLVING TO THE TOTTEN/LITTLE SKOOKUM CLEAN WATER
DISTRICT, a special revenue fund.
WHEREAS, Mason County has established the Totten/Little Skookum Clean Water District
to fund water quality programs within the district, and
WHEREAS, a percentage of the program in the district is funded through an Ecology grant,
and
WHEREAS, the grant requires a matching source of funds, and
WHEREAS it is necessary to continue the ongoing work under the grant,,and
WHEREAS, fees have been set, but revenues, to date, have not been received by the county
from the Clean Water District to provide matching funds for the grant.
NOW, THEREFORE, BE IT RESOLVED by the Board of Mason County Commissioners
that an interfund loan be established as follows:
From: Equipment Rental and Revolving
To: Totten/Little Skookum Clean Water District
Terms: Annual Interest Rate: 5.5%
Principal amount: $75,000
Duration: 12 Months
Method of Repayment: Upon receipt of Clean Water District Revenues.
Purpose: To provide operating cash for work within the Totten/Little Skookum Clean
Water District until district revenues are received.
RESOLVED this 1 day of ^ . 1 , 1993
BOARD OF MASON COUNTY COMMISSIONERS
-7j)� ATTEST:
Wi liam O. Hunter
Chairperson -�
Clerk of the Board
Laura E. Porter
Commissioner A ROVED AS TO FORM:
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M. L. Faughender (J Mason County Prosecuting Attorney
Commissioner
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RESOLUTION NO. 0 - s 3
INTERFUND LOAN
A RESOLUTION RELATING TO AN INTERFUND LOAN FROM EQUIPMENT
RENTAL AND REVOLVING TO THE DEPARTMENT OF HEALTH SERVICES
OFFICE OF WATER QUALITY, a special revenue fund.
WHEREAS, Mason County has established the Totten/Little Skookum Clean Water District
to fund water quality programs within the district, and
WHEREAS, a percentage of the program in the district is funded through an Ecology grant,
and
WHEREAS, the grant requires a matching source of funds, and
WHEREAS it is necessary to continue the ongoing work under the grant, and
WHEREAS, fees have been set, but revenues, to date, have not been received by the county
from the Clean Water District to provide matching funds for the grant.
NOW, THEREFORE, BE IT RESOLVED by the Board of Mason County Commissioners
that an interfund loan be established-at-follows:
From: Equipment Ren and RevAing
To: Mason County Depnt/of Health Services, Office of water Quality
b'
Terms: Annual Interestl : te: 5.5%
Principal amount. $75,000
Duration: _ 12 Months
Method of Repayment: Upon receipt of Clean Water District Revenues.
Purpose: To provide opeting cash for work within the Totten/Little Skookum Clean
Water District unt 1 district revenues are received.
RESOLVED this f , 1993
BOARD OF MASON CO NTY COMMISSIONERS
f
ATTEST:
William O. Hunter
Chairperson
Clerk of the Board Pa
Laura E. Porter
Commissioner APPROVED AS TO FORM:
OT
M. L. Faughender' Mason Co ty Prosecuting Attorney
Commissioner
c: File
Auditor ( 2)
Budget Director
Treasurer
ER&R
Health Services/Water Quality