Extending End Date for Vader Water Fund 420 BEFORE THE BOARD OF COUNTY COMMISSIONERS
OF LEWIS COUNTY, WASHINGTON
IN THE MATTER OF }
Extending End Date for Vader Water Fund 420 } Resolution No 19-087
Authorizing Cash Flow Loan from }
Current Expense fund No 001 }
WHEREAS, pursuant to Resolution 16 284 a cash flow loan was established to Vader Fund
420 from Current Expense Fund No 001 to facilitate a reimbursement basis grant for a reservoir
project, and
WHEREAS, the loan end date was extended to December 31, 2018 pursuant to Resolution
17 286 to accommodate an increase in the project schedule and
WHEREAS, the project will continue into 2019, which necessitates an extension of the end
date to the loan to December 31, 2019, and
NOW, THEREFORE BE IT RESOLVED that the end date of the Vader Water Fund 420 Cash
Flow Loan from Current Expense No 001 is December 31, 2019
PASSED IN REGULAR SESSION this 15t day of April, 2019
APPROVED AS TO FORM BOARD OF COUNTY COMMISSIONERS
Jonathan L Meyer Prosecuting Attorney I IS OUNTY, WASHINGTO
y Deputy Prosecutin Attorney t,D.) Robert C Jackson Chair
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ATTEST. � Gary Stamper, Vice
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Rieva Lester, Clerk of the Lv d, Edna J Fund, M ber
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BOCC AGENDA ITEM SUMMARY
Resolution: BOCC Meeting Date Apr 01, 2019
Suggested Wording for Agenda Item Agenda Type Consent
Extend end date on Vader Water Fund 420 Cash Flow Loan
Contact 360-740-1138 Phone Betsy Dillin
Department. Public Works
Action Needed Approve Resolution
Description
Pursuant to Resolution 16-284 and Resolution 17-286, a cash flow loan was authonzed from Current Expense
Fund No 001 to Vader Water Fund 420 for up to$300,000 on an as needed basis
The term of the loan was intended to cover the expected construction duration of a grant funded construction
project and will expire Dec 31,2018 The project duration has increased, and construction is now expected to
contmue into 2019
It appears to be in the best public interest to extend the loan termination date to December 31, 2019
Additional Copies
Betsy Dillin,PW
Kim Amnne, PW