ORD 73-26 LOAN TO THE SEWER FUNDORDINANCE 73-26
AkN Oj~DINANCE AUTItORIZING LOAFq OF $2,000.00 FROM
CU~RiENT E':<'PENSE !;'[.JND TO THE SEWER FUND AND THE EX-
P!::NDITURES THEi~EOF
',411E'Ri:ZAS, monies expended from the Sewer Fund will be in
~:u-=xc.e-ss o[ a';'-~t. icipated !973 budget appropriations and
I-/HEREAS, unantic[pated labor costs wi].l be incurred
f'o'r sanitary se,.¢er rooting in the approximate amount of
$ 2 D 0 0 0 r~
NOi,.; Ti'-!EREFORE BE IT ORI)AINED BY TIlE COUNCIL of the City
of 1,2:inslow, !.Tashington as follows:
THAT $2,000.00 is hereby authorized for disbursement
,:.>f unanticLpated labor costs and
Ti!AT $2.000.00 be transferred as a temporary loan from
the Current Expense Fund to the Sewer Fund.
THAT said loan is to be repaid from Sewer Fund revenues
,..~it:hLr~ I year and that said loan shall. bear an interest
::'at;e of 3%.
ADOPTED b'/' the Council of the City .of Winslow, Washing-
~on and appr~ved b7 its ~"~hyor this z day of January,
F~.rst readir~g December '17, ] 973
~n~l reading January 7 1974
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..'-'~TT EST: