HomeMy WebLinkAboutCC RES 65-045 PROVIDING FOR A THREE YEAR INTER-FUND LOAN FROM FUND 65 FOR PURCHASE OF MUNICIPAL EQUIPMENT IN THE AMOUNT OF $22,310 Meeting Sheet
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Box: 34
Folder: CC RES 1965
Document: CC RES 65-045 PROVIDING FOR A THREE YEAR INTER-FUND
LOAN FROM FUND 65 FOR PURCHASE OF MUNICIPAL EQUIPMENT IN
THE AMOUNT OF $22,310
} Agenda Item 6d 2)
RESOLUTION NO.
PROVIDING FOR A THREE YEAR INTER-FUND LOAN FROM FUND 65 FOR PURCHASE OF
MUNICIPAL EQUIPMENT IN THE AMOUNT OF $22,310
WHEREAS by Resolution No. 65-015, dated February 9, 1965, the Village
Council authorized an inter-fund loan in the amount of $21 ,611 .00 from Fund 65
to consolidate sales contracts for municipal equipment and established an
amortization schedule therefore; and
WHEREAS Resolution No. 65-015 authorized the Manager to transfer from
Fund 65 amounts sufficient to purchase a compressor and motor grader; the amount
to be spread over three equal payments, the first payable December 31 , 1966 and
the last December 31, 1968; and
WHEREAS bids have been taken and awards made for the aforesaid compressor
and motor grader in amounts totalling $22,310;
NOW THEREFORE BE IT RESOLVED that the following retirement schedule be
established to repay Fund 65 for the temporary loan for a compressor and a
motor grader:
Payable December 31 , 1966 $7,437.00
Payable December 31, 1967 $7,437.00
Payable December 31 , 1968 $7,436.00
• said amounts to be paid from the General Fund.
Adopted this 11th day of May, 1965.
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ay r
ATTEST:
Clerk •
Manage