Whatcom County

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File #: AB2023-838    Version: 1
Type: Request for Motion Status: Approved by the Councilmembers
File created: 12/4/2023 In control: Council Finance and Administrative Services Committee
On agenda: 12/5/2023 Final action: 12/5/2023
Enactment date: Enactment #:
Title: Request authorization for the County Executive, acting on behalf of the Flood Control Zone District, to take out loans from the Whatcom County Investment Pool
Attachments: 1. AGENDA REVISION NOTICE FOR 12.5.2023
Department Council Office

Primary Contact Email:    DBrown@co.whatcom.wa.us

 

TITLE FOR AGENDA ITEM:

TITLE

Request authorization for the County Executive, acting on behalf of the Flood Control Zone District, to take out loans from the Whatcom County Investment Pool

 

BODY

SUMMARY STATEMENT OR LEGAL NOTICE LANGUAGE:

 

Suggested motion:  The Whatcom County Flood Control Zone District Board of Supervisors provide authorization for the County Executive to sign promissory notes on behalf of the District to allow the District to take out loans from the Whatcom County Investment Pool in an amount not to exceed $4 million for a term not to exceed one year as needed to provide cash flow that is necessary to allow the District to implement work approved by the Board of Supervisors. 

 




Whatcom County, Washington
311 Grand Avenue | Bellingham, WA 98225 | Phone: 360-778-5000