HomeMy WebLinkAboutRESOLUTION 1967-51.~
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HESOLUTIUPi Id0. E~7-51.
I-UTiIOR I!. I iiG 'PHl~ BGR,tO! ~ I,V~3 Cr' 'P1iL ~ UM OF X20 , 2J11
FR01`i 'IH); ALASKA :i'P;-~ii; .s/,eiK C'Olt 'Pii.•; :'UHPO:,~ 0~~ ,-AYT1•'G
I~'Uit ;:,LL;C`.PitICAI, MA'.'r:tili,L;~, Ct~ :.L ,c~Y!-IU t~Y r. u::~, 1'itI^
>3ONA r~v1.~US.
:'H1~,ti,Aa, the amity of K::nai did advcrtisE for matari~,ls
for the installation o[' under;rc,und wiring in the xeuaut,t
Terrace subdivision, and
L•1H;;R};AS, thc, low bid w:,s re:ce,.ved, award 4ras mace and said
materials have been received and are presently being installACi.
and,
1JH~R%kS, there is dui, and unpaid the sum of ~:2O,20L~ for
said materials.
NO~~ TH~tt~FORjr ~3L IT ft1;:iUI,Vp BY 'PH;. CI'T'Y COUNCIL Or' THL•'
CITY Or' iwNAI , ALIiSK/i ,
1. Thflt the City Manra;r;r, dames 4.. Harrison, is hereby
authorized and directed to borrow tha sum of X20,204 from
the Alaska State f3anK at the rate of interest of 4 ~ per
annum and to ias,~e a check to Line T~Iaterials lndustrios
to pay for said materials.
2. Said loan shall be rc;paid os follows:
(a) usins~ all of thc; funds to be rt:p„id by the developer
of l3edoubt 'Pe;rrace :subdivision,
(b) sale of electrical Uonds from first monies received.
Passed this the loth ~~ ay of .:u ;us t, l~ib7.
A'PT~~ST:
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