RES 59-05 WARRANTS FOR LID 1 WHEBFAS, the warr~n~ issued to cover costs of Local
Improvement District No. 1 could not be retired at time anticipated
due to unforseen litigation, and
WHEREAS', the protracted interest period resulting from said
litigation could not reasonably have been forseen or anticipated, and
WHEREAS', it was considered to be to the best interests of
the Town to forgo the procedure of reassessments, and
WHEBFAS, such action expedited the termination of interest
charges, litigation and related expense;
NOW, THEREFORE BE IT RESOLVED by the Town Council of the
T~wn of Winslow, Washington:
That the sum of $677.16 be transferred from the S~reet Fund
to the L. I. D. No. 1 Fund.
That such sum be used solely for the purp~se~payment on
unforeseen interest charges accruing to L. I. D. No. 1 warrants Nos.
1 to 5 inclusive.
Passed by the Council of the Town of Winslow, Washington
and app~oved by its Mayor this 7th day of April, 1959.
Attest:
Clerk