1965-3457r~•~.~
ABSOLUTION 1~. 345?
RESOLUTION AUZHORIZIl~ TEMPO~tARY IN7CBR-FUND LOAN FROM PERMANENT
IMPROVBMBNT REVOLVING FUND
@~iEREAS, It is hereby determined necessary to provide temporary financing
for certain improvements to be paid from the Municipal estate-Aid Street
Fund, and
~EffiREAS., It is hereby determined that there is $41,00 immediately avail-
able monies in the Permanent Improvement Revolving Fund.
NOAr THEREFORE, BE IT RESOLVED, by the city council of the City of Richfield ~~ `~~ ~~
as follows;: ~, ~
1. The sum of $41,000.00 is transferred, as an inter-fund loan,
from the Permanent Improvement Revolving Fund to the Munici- ~'~
pal State Qid Street Fund. ~~p
2. Such inter-fund loan shalt be repaid to the Permanent Im- ~"~
_ proveme nt Revolving Fund upon receipt of 1966 aigotment of
state-aid monies by the Muncipal State Aid Street Fund,
3, The.marm.ger, director of finance and other officers of the,
city are hereby authorized and directed to take such steps
as are necessary to give effect to the provisions of this
resolution.
Passed by the city council of the City of Richf ie id this 2nd day of August,
1965.
St ~n1ey Ht, Olson, Mayor
1XTTBST: _
~~~ ~~~
Edward , olive, Clerk-Treas.
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