HomeMy Public PortalAbout15-2003-15 , €;-;`,-17, S C lee
RESOLUTION 2003-15 Lpaj1
A RESOLUTION AUTHORIZING TEMPORARYThR CITY OF GREENCASTLE
GENERAL FUND
WHEREAS, the Property Tax Distribution for 2003 (2002 payable 2003)will not be
available until late September or October, 2003; and
WHEREAS, the City of Greencastle has obligations to make payment of accounts payable
and payroll; and
WHEREAS, the EDIT fund has available funds to be borrowed until the Property Tax
Distribution is available;
NOW, THEREFORE, BE IT RESOLVED, that the Greencastle Common Council
authorizes the Clerk-Treasurer to borrow$350,000.00 (Three Hundred Fifty Thousand Dollars)
from EDIT funds and place them in the General Fund to meet monthly obligations. This loan will
be repaid by December 31, 2003. No interest will be paid.
PASSED AND RESOLVED by the Greencastle Common Council at its Regular Meeting
this 8th day of April, 2003.
COMMON COUNCIL OF THE CITY OF GREENCASTLE
L9.2i,, Az/Z4,...
Thomas ach Joe Liechty
Y
' ,(197Z/101 -'-`I'l , . .
,..--.. M k Hammer ' e Rokicki
R bert P. Sedlack
Approved and signed by me this 8th day of April atH C'.Og o'clock p.m.
Q „
Nancy A. ' ael, Mayor
ATT T:
a te- 0 fts
Pamela S. Jones, Cle klasurer
RESOLUTION 2003-15 i_paid
A RESOLUTION AUTHORIZING TEMPORARYTOR CITY OF GREENCASTLE
GENERAL FUND
WHEREAS, the Property Tax Distribution for 2003 (2002 payable 2003) will not be
available until late September or October, 2003; and
WHEREAS, the City of Greencastle has obligations to make payment of accounts payable
and payroll; and
WHEREAS, the EDIT fund has available funds to be borrowed until the Property Tax
Distribution is available;
NOW, THEREFORE, BE IT RESOLVED, that the Greencastle Common Council
authorizes the Clerk-Treasurer to borrow $350,000.00 (Three Hundred Fifty Thousand Dollars)
from EDIT funds and place them in the General Fund to meet monthly obligations. This loan will
be repaid by December 31, 2003. No interest will be paid.
PASSED AND RESOLVED by the Greencastle Common Council at its Regular Meeting
this 8th day of April, 2003.
COMMON COUNCIL OF THE CITY OF GREENCASTLE
L2L h/ZL _
Thomas ach Joe Liechty
{-74A/761-1--f-^1-1
—• Ma k Hammer ' e Rokicki
R bert P. Sedlack
Approved and signed by me this 8th day of April aH C'•In o'clock p.m.
NancyThia
ael, Mayor
ATT T:
L � ,
Pamela S. Jones, Cle k asurer