HomeMy WebLinkAbout092 95
'::' :. ?\v-.Ö, lo}~ì~
VlC' f) ~V\e..
STATE OF WASHINGTON
County of Jefferson
In the Matter of Providing A Loan to
the General Fund From the ER&R Fund
funding the Flood Plain Property Acquisition
RESOLUTION NO. 92-95
}
}
}
WHEREAS, the County General Fund will reimburse the County ER&R Fund for
costs related to the purchase and acquisition of property lying in the Big Qui1cene River Flood
Plain, and
WHEREAS, the E R & R Fund will pay for these costs and bill the General Fund
for reimbursement;
IT IS HEREBY FOUND AND DECLARED that the public health, safety and
welfare requires this Board of County Commissioners to proceed in manner and form as herein
determined, and that the sum of $300,000.00 be loaned to the General Fund from the ER&R Fund.
The loan will be repaid over five years with interest of 5.75% per annum and repayment shall be
made in the amount of $70,735.24 per year beginning the 20th of February, 1996 or at the date such
revenue is generated for these purposes by the sale of surplus property by the County.
"1~
APPROVED this ~ day of October, 1995.
JEFFERSON COUNTY
BOARD OF COUNTY COMMISSIONERS
¿
,
VOL
21 rM.::
0 11G:::