Res 221 RESOLUTION ORDERING REPAYMENT OF
WATER FUND LOANS MADE TO GENERAL
FUND FOR OPERATING PURPOSES.
W~REAS, The City Council has from time to time
found it necessary to borrow from the Water l~And various
sums to be used for general operation of the City of
Delray Beach and has caused temporary transfers to be
made from the Water Fund to the General Fund for that
purpose,
.WHEREAS, the General Fund is still indebted to
the Water Fund in the sum of $6,500,00;
WHEREAS, there is on hand in the Water Fund only
approximately $3,000.00 over and above the amount deposited
by water consumers as service deposits;
AND WHEREAS It is deemed necessary to set aside
moneys for needed replacements and additions to water
plant and pumping station, which moneys are not available
in the General Operating Fund.
NOW THEREFORE BE IT RESOLVED, that the sum of
$1,500.00 collected by the City under Tax Adjustment
Resolution No. 214~ for the purchase of bonds as pro-
vided in paragraph 7 thereof~ be diverted and transferred
to the Water Fund in partial repayment of the money sti~l
owing to the Water Fund by the General Fund, thereby pro-
riding funds needed for the above mentioned repairs and
replacements at the City Water Plante
ADOPTED this ~ ~ day of ~ A.D. 1938.
Presid~n~ of City Council of
City of Delray Beach, Florida
ATTESTED:
Oity Clerk ~