Resolution 02-004 Accepting Interim Financial Assistance from Liberty Lake •
• CITY OF SPOKANE VALLEY
SPOKANE COUNTY, WASHINGTON
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• :RESOLUTION NO. 02-04
A RESOLUTION ACCEPTING THE OFFER OF INTERIM FINANCIAL ASSISTANCE
FROM THE CITY OF LIBERTY LAKE, WASHINGTON.
WHEREAS, the City of Liberty Lake, Washington through Resolution 02-055 has
offered financial assistance to the City of Spokane Valley in the form of a $50,000.00 loan at
little or no interest to be repaid on or before June 30, 2003 following the first 2003 property"tax ,
distribution to the new City of Spokane Valley; . -
WHEREAS, RCW 35.02.270 allows for the City of Liberty Lake to make loans of staff •
and equipment and provide technical and financial assistance to the new City of Spokane Valley
with or without receiving compensation;
WHEREAS, the City of Spokane Valley is desirous of receiving this financial assistance
from the City in order to provide for the payment of interim costs and expenses which include
but are not limited to staff, equipment and technical services to assist in the formation of the new
City; and
WHEREAS, the Mayor and Council express their appreciation to the Mayor and City
Council of the City of Liberty Lake and look forward to working with the City of Liberty Lake to
address the common needs of residents in order to improve the quality of life for the respective
cities and the region.
NOW, THEREFORE, be it Resolved by the City Council of the City of Spokane Valley,
Washington as follows:
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• The City of Spokane Valley accepts the offer of a $50,000.00 loan at little or no interest
from the City of Liberty Lake to be repaid on or before June 30, 2003 following the first 2003
property tax distribution to the new City of the Valley. The Mayor and Interim City Manager
shall review and execute such documents as are reasonable and necessary to complete this loan; .
The money shall be deposited into the City checking account for payment of costs and expenses
as outlined above and authorized by law.
Adopted this 44 day of rj P�yvd(Qpr` , 2002.
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City of Spokane Valley
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Mayor
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G:ClCity of Spokane valley tResolutions'Resoiution02-4"doe 1
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Attest:
Interim City Clerk •
Approved as to Form:
• _Ilt< .4
City/ 'o 'ey
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