Subject: 20063/Loan-2072/DebtIssue
Date: Fri, 24 Apr 1992 13:53:00 -0500


                             RESOLUTION NO.   20063 
                  
                  
                   A RESOLUTION AUTHORIZING THE CITY FINANCE
                   OFFICER TO LOAN TO THE CAPITAL IMPROVEMENT
                   BOND FUND (2072), AN AMOUNT NOT TO EXCEED
                   FOUR MILLION THIRTY THOUSAND AND NO/100
                   DOLLARS ($4,030,000.00) FROM THE GENERAL
                   FUND FOR THE PURPOSE OF PAYING FOR CAPITAL
                   IMPROVEMENTS AS SET FORTH IN ORDINANCE NO.
                   9962, KNOWN AS THE CAPITAL IMPROVEMENTS
                   BUDGET FOR THE FISCAL YEAR 1993-94, TO BE
                   REPAID FROM THE PROCEEDS OF DEBT ISSUE
                   AUTHORIZED BY SAID ORDINANCE.
                  
                  
                                                    
                  
                  
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, That the City Finance Officer be and is
       hereby authorized to loan an amount not to exceed $4,030,000 to
       the Capital Improvement Bond Fund (2072) from the General Fund,
       for the purpose of paying for capital improvements as set forth 
in
       Ordinance No. 9962, known as the Capital Improvements Budget for
       the fiscal year 1993-94.  Said loan is to be repaid from proceeds 

       from the sale of the Debt Issue authorized as a funding source by 

       said ordinance.  Amounts will be transferred to the appropriate
       capital project fund from the Capital Improvement Bond Fund on an 

       as needed basis.
      
       ADOPTED:	 December 14, 1993
      
       DAB:bhs(cjc)