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RESOLUTION NO. /Jt70
A RESOLUTION closing the Sewer Construction Fund and trans-
ferring assets to the Sewer Fund.
WHEREAS, there was established a Sewer Construction Fund
for the purpose of accumulating assets for the construction of an
interceptor sewer and treatment plant in which fund there is now a
balance of cash in thearnount of' $12,412.aS and investments of
$40,000.00, for a total of $52,412.88; and
WHEREAS, the construction of said facilities have been com-
pleted, and the above mentioned fund should be transferred to the
Sewer Fund for the purpose of reducing the outstanding debt against
the facilities; now, therefore,
BE IT RESOLVED that the sum of $52,412.88 is transferred
from the Sewer Construction Fund to the Sewer Fund, and the Sewer
Construction Fund is hereby closed.
PASSED by the City Council of the City of Port Angeles and
approved by its Mayor at a regular meeting of the Council held on
the /5d day of December, 1970.
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Attest:
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Ci ty Clerk
Approved as to form:
City Attorney