HomeMy WebLinkAbout17-062 - ADMIN Resolution - City Council - 2017/04/03RESOLUTION NO. 17-062
RESOLUTION AUTHORIZING AN INTERFUND LOAN
WHEREAS, the City of St. Louis Park has created various special purpose funds; and
WHEREAS, some of those funds may at times run a short term deficit and require an
interfund loan;
NOW THEREFORE BE IT RESOLVED by the City of St. Louis Park City Council:
1. The following interfund loan is approved from the Solid Waste Utility Fund to the
Water Utility Fund as needed:
for
Attest:
Loaning Fund
Borrowing Fund
Maximum Loan
Solid Waste Utili
Water Utility
$500,000
Such loan is to be repaid with 4% interest when sufficient resources are available.
City Manager
Melrss Kenned;OCityerk
Adopted by the City Council April 3, 2017
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