HomeMy WebLinkAbout020 92
{} t: ,4u.i> /77ff( r .::L'lu4.
3 - / 'if - 7'~
In the Matter of Providing}
a Loan to Allow Payment of }
Allocated Funds from the}
Hotel/Motel Tax Fund }
JEFFERSON COUNTY
STATE OF WASHINGTON
RESOLUTION NO.
20-92
WHEREAS, the present financial condition of the Hotel/Motel Tax Fund
precludes the payment of allocated funding for organizations who have been approved to
receive funds for tourism promotion activities, without borrowing; and
WHEREAS, Engrossed House Bill No. 248, Section 1, adopted 1971 First Ex.
Session, in accordance with the provisions of RCW 36.40, permits borrowing when used for
a specific purpose, which in this instance shall be providing for continuation of payments to
organizations and projects approved for funding from the Hotel Motel Fund, and the net
amount needed for the said purpose is the sum of $40,000.00, now, therefore,
IT IS HEREBY FOUND AND DECLARED, that the public welfare, convenience
and the uninterrupted public services provided by the Hotel/Motel Tax Fund, requires this
Board of County Commissioners to proceed in manner and form as herein determined, and that
the sum of $40,000.00 be borrowed from the County Current Expense Fund, the same to be
repaid in full along with an interest payment of three (3) per cent per annum as the
Hotel/Motel Tax Fund accrues sufficiently to make at least a $5,000 payment; and
IT IS HEREBY ORDERED, by the Board of County Commissioners that the
County Treasurer be, and she is hereby authorized and empowered, to transfer the amount of
Forty Thousand and no/1O0 dollars ($40,000.00) from the unencumbered balance of the
Jefferson County Current Expense Fund, into the Jefferson County Hotel/Motel Tax Fund No.
125-000-010.
APPROVED AND ADOPTED this
~
/ b day of March, 1992
.
" ,0:::-"'" h .
, ., ~'1 ! t... "'",
~~,{r;r-.,ì,f,~" . _,',°, ,.~, ~ ';~ >
~I 1 "',f;~JI',
,,{ ,ï4:l.',;'
ATIEST: ~~(I."," ~'., .
:/ d#f ß( ~ j) oß OM~L
Lorna L. Delaney, q-'
Clerk of the Board
SEAL:
JEFFERSON COUNTY
BOAR COMMISSIONERS
. V~i'-
18 rMl 00
350