Resolution Number 88-06

Resolution to forgive debt and transference of equity.

A resolution forgiving a debt and transferring of equity relating to the water fund and to the sewer fund and: 

Whereas, the Sewer Fund will forgive the debt which would be resolute in a one-time transfer of the Sewer Fund equity of $27,257.00 to the Water Fund, and; 

Whereas, this transfer is due to the inability of the Water Fund to generate sufficient income to pay back the loan.

Adopted this 7th day of June A.D., 1988.

Mark Dille, Mayor

Attest: Tam M. Intermill, Town Clerk