HomeMy WebLinkAbout1999-R-14RESOLUTION NO. 99-R-/:i~!/¢
RESOLUTION APPROVING CITY OF JEFFERSONVILLE LOCAL ROADS
AND STREETS FUND TO BORROW FUNDS FROM THE CITY OF
JEFFERSONVILLE SEWAGE FUND
WHEREAS, it has become necessary for the City of Jeffersonville Local Roads'
and Streets Fund to borrow money from the City of Jeffersonville Sewage Fund;
WHEREAS, Indiana Code 36-1-8-4 authorizes temporary loans from municipal
utilities;
WHEREAS, there is now within the Sewage Fund sufficient moneys to allow
this loan;
NOW THEREFORE, BE IT HEREBY RESOLVED that the Board of Public
Works and Safety hereby approves and authorizes the City of Jeffersonville Local Roads
and Streets Fund to borrow $250,000.00 from the Ci~ of Jeffersonville Sewage Fund.
Adopted this /3 dayof ~j~...~. ,1999.
JEFFERSONVILLE BOARD OF PUBLIC
WORKS & SAFETY
Bob Goldman
l~ob Miller
ATTEST:
C. Richard Spencer, Jr.
Clerk andTreasurer