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<br />, <br />. <br /> RESOLUTION NO <br />. A RESOLUTION AUTHORIZING A LOAN FROM THE <br /> FLEET SERVICES FUND TO THE AIRPORT FUND <br /> THE CITY COUNCIL OF THE CITY OF EUGENE FINDS THAT: <br /> In order to comolete the Airport Terminal design work while seeking a <br /> capital financing source, it is necessary to provide interim financing from <br /> another fund. Completion of the design work will ensure that the project <br /> can go to bid within six months of assured financing. This will insure that <br /> the cost estimates continue to be valid and the expenditures-to-date on <br /> the design are not lost due to design/cost obsolescence. The Fleet Services <br /> Fund will loan the Airpor~ Fund 5503,000 to cover the costs mentioned above. <br /> The Airport Fund will repay the loan at the end of the ensuing fiscal year <br /> from revenues generated by the implementation of a capital revenue source <br /> and issuance of long-term debt. <br /> ORS 294.460(1) allows the City II. ..to loan money from any fund to any <br /> other fund of the municipal corporation whenever the loan is authorized <br /> by official resolution or ordinance of the governing body... 11 <br /> NOW, THEREFORE, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a municipal <br />e corporation of the State of Oregon, as follows: <br /> Based on the findings contained herein, and pursuant to ORS 294.460(1), <br /> the Finance Director is authorized and directed to tran,sfer appropriations <br /> of 5503,000 from the Fleet Services Fund to the Airport Fund., <br /> The foregoing Resolution adopted this 8th day of July 1985. <br /> City Recoraer <br /> fngmrmes <br />e <br />