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F <br /> Aw- <br /> Agenda Item 6d 2) <br /> RESOLUTION NO. <br /> PROVIDING FOR A THREE YEAR INTER-FUND LOAN FROM FUND 65 FOR PURCHASE OF <br /> MUNICIPAL EQUIPMENT IN THE AMOUNT OF $22,310 <br /> WHEREAS by Resolution No. 65-015, dated February 9, 1965, the Village <br /> Council authorized an inter-fund loan in the amount of $21 ,611 .00 from Fund 65 <br /> to consolidate sales contracts for municipal equipment and established an <br /> amortization schedule therefore; and <br /> WHEREAS Resolution No. 65-015 authorized the Manager to transfer from <br /> Fund 65 amounts sufficient to purchase a compressor and motor grader; the amount <br /> to be spread over three equal payments, the first payable December 31, 1966 and <br /> the last December 31 , 1968; and <br /> WHEREAS bids have been taken and awards made for the aforesaid compressor <br /> and motor grader in amounts totalling $22,310; <br /> NOVI THEREFORE BE IT RESOLVED that the following retirement schedule be <br /> established to repay Fund 65 for the temporary loan for a compressor and a <br /> motor grader: <br /> Payable December 31 , 1966 $7,4317.00 <br /> Payable December 31 , 1967 S7,4317.00 <br /> Payable December 31 , 1968 57,4x6.00 <br /> said amounts to be paid from the General Fund. <br /> A <br /> Adopted this 11th day of May, 1965. <br /> =g <br /> ay r <br /> ATTEST: <br /> Clerk - x N , <br /> Manag <br /> 00 <br />