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File #: 10-26    Version: 1
Type: Resolution Status: Passed
File created: 3/5/2026 In control: City Council
On agenda: 3/10/2026 Final action: 3/10/2026
Title: PROPOSED RESOLUTION APPROVING INTERFUND LOAN FUND 408 RURAL FIRE EQUIPMENT FROM FUND 603 REFUSE FUND
Attachments: 1. 10-26 Interfund Loan Resolution

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PROPOSED RESOLUTION APPROVING INTERFUND LOAN FUND 408 RURAL FIRE EQUIPMENT FROM FUND 603 REFUSE FUND

 

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This proposed resolution authorizes an interfund loan of up to $320,000 from the refuse fund to the rural fire equipment fund to cover the upfront cost of a new pumper truck. The loan will be repaid over 10 years at 0 percent interest using future fire contract revenues, effective December 31, 2025.