CC RES 65-016 REVISION OF PERSONNEL MANUAL

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RESOLUTION NO. 65-015 RESOLUTION AUTHORIZING INTER-FUPTD LOAN FOR THE PURPOSE OF FINANCING VILLAGE EQUIPMENT PURCHASES WHEREAS, the Village has made purchases of maintenance equipment on conditional sales contracts and chattel mortgages, and WHEREAS, it is in the best interest of the Village to pay these conditional sales contracts and chattel mortgages to avoid paying unnecessary interest charges, and WHEREAS, there are surplus funds in Fund 65 Sinking Fund, NOW THEREFORE BE IT RESOLVED that the Village Council of the Village of St. Anthony hereby authorizes the Village Manager to make an inter-fund loan at no interest costs up to 'v21,611.00 from Fund 65 for the purpose of consolidating sales contracts mentioned herein and approves the following loan retirement schedule: Payable December 31, 1965 'V12,995.00 Payable December 31 , 1966 2,x,33 .49 Payable December 31, 1967 2:6; 3.40 Payable December 31 , 1968 2703,41B BE IT FURTHER RESOLVED that upon purchase of a compressor and motor grader, the Manager be authorized to transfer from Fund 65 on a temporary loan basis , amounts sufficient to pay for these purchases with the payments to Fund 65 to be spread in 3 equal payments , the first payable December 31, 1966 and the last December 31, 1968; the amount required to be paid from the General Fund. Adopted this 9th day of February, 1965. y r ATTEST: Clerk c Rang _.