RES 59-06 LOAN FROM SEWER REDEMPTION FUND TO SEWER FUND A EESO~JTION a~thorizing ~ ~ from the October 1, 1956
Sewer Warrant Redemption Fund to the Sewer Fund, providing repay-
ment thereof and establishing the period of the lea~.
WHEEEAS, the strike by construction workers and less enroute of
irreplaceable electrical controls! axtended the construction period of
the Grow~ Street~a~ley District ~swer project beyond the period pro-
vided in the engineer's cost estimate, and
WHEREA~, such delay postponed receipts from sewer service charge~,
and
WHEEEA~, such delays could not reasenabl~ have been foreseen, and
WHEEFA~, receipts free the last unit of the s~er project will be
due and payable during the month of October, and
WHERFA~, such revenue together with retirement during September
ef the final warrant of the 1953 sewer warrant issue assure~ the
ability to retire the proposed lean;
N~, THEREFOPS, HE IT RESOLVED by the Town Council of the Town
of Winslow, Washington:
That the sum of $350.00 be leaned free the October 1, 1956 Sewer
Warrant Redemption Fund to the Sewer Fund,
That said lean be repaid as rapidly as funds are available but
within a period not to exceed 120 daFs from the date hereof.
PA~D by unanim~ue vote of the Council of the Town of Winslc~
Washington, and approved by its Mayor this 15th day of September 1959-
Attest:
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Cl ~k ~