RES 1291RESOLUTION NO.|{
A RESOLUTION authorizing the loan of $179,069.40 from the
GMA Fund for the Friberg-Strunk Street Construction Fund,
pursuant to Resolution 1283,adopted December 16,2013.
WHEREAS,on December 16,2013,the Council adopted Resolution 1283,providing
authority to borrow an amount to not exceed $500,000.00 from the GMA Fund to the Friberg-
Strunk Street Construction Fund to meet operating expenses during 2013;and
WHEREAS,Resolution 1283 noted that,upon the confirmation of the sum total of the
amount necessary to meet operating expenses during 2013,the Council would consider and
approve a supplemental Resolution establishing said sum;and
WHEREAS,the sum total of the amount necessary to meet operating expenses during
2013 has been established at the amount of $179,069.40.
NOW,THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
CAMAS AS FOLLOWS :
SECTION I
The Friberg-Strunk Street Construction Fund is hereby authorized to borrow the amount
of $179,069.40 from the GMA Fund to pay for operating expenses for 2013.
SECTION II
All other terms and conditions of Resolution 1283 shall /amain in full force and effect .
ADOPTED at a regular Council meeting this y j dafr df March,2014.
SIGNED :
Mayor
ATTEST:
Clerk
APPROVED as to form:
City Attorney