HomeMy WebLinkAboutRESOLUTION NO. 2004-15 RESOLUTION NO.
A RESOLUTION ESTABLISHING A NON-INTERE'S'T BEARING CHECKING
ACCOUNT FOR FORGIVABLE LOAN MONIES-HOUSING
........ ......... ... ......... .......REHABILITATLON PROG
WHEREAS, The Iowa Department of Economic ][development requires that all
Housing Rehabilitation Program monies that are returned to the City for Forgivable
Loans shall be deposited into a separate checking account for the recording of receipts
and expenditures; and
WHEREAS, This account shall be a ,Special Revenue Fund -Forgivable Loans-
Housing Rehabilitation Program; and
BE IT RESOLVED, That the establishment of this non-interest bearing checking
account will be made at the Fairfax State Savings Bank, Fairfax, IA;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of Fairfax,
Iowa, that the Mayor and the City Clerk are hereby directed to execute said Resolution.
Passed and approved this day of �c�J , 2004.
AYES:
a
NAYS:
ABSENT:
The foregoing Resolution No, _C3 —1L having been approved this date by the
City Council, I hereby approve the same by affixing my signature as Mayor on this
day of q-Ttj Vl 2004.
Bill Voss, Mayor
ATTEST:
Connie Frame, City C erk-