HomeMy WebLinkAbout59-88 - Res. Interfund Loan Consolidated Sewer & WaterRESOLUTION NO. 59-88
INTERFUND LOAN
A RESOLUTION RELATING TO AN INTERFUND LOAN FROM EQUIPMENT RENTAL &
REVOLVING FUND TO CONSOLIDATED SEWEER AND WATER.
WHEREAS, Consolidated Sewer and Water requires a loan to purchase a truck;
and
WHEREAS, it is preferable to finance such a loan with internal County
funds,
NOW, THEREFORE, BE IT RESOLVED by the Board of Mason County Commissioners
that an interfund loan not to exceed $15,000.00 be established as follows:
Amount:
Terms:
Equipment Rental & Revolving Fund $15,000.00
(a) Annual Interest Rate of 6.75%
(b) Term of loan not to exceed $15,000.00
(c) Repayment upon receipt turned into the
Treasurer's office.
ADOPTED this 26th day of July, 1988.
BOARD OF COUNTY COMMISSIONERS
MASON COUNTY, WASHINGTON
Lia-J
Michael D. Gibson, Chairperson
Q�
A. Eager, .mmissi
Annette S. McGee, Commissioner
ATTEST:
iCler of the Board
PPROVED AS TO FORM
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Deputy Prosecutor
xc: File
Accounting Dept (2)
E R & R
Consolidated Sewer & Water
Treasurer