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HomeMy WebLinkAboutRes 03-17 WA Approve short term loan from Town to Academy WESTLAKE ACADEMY RESOLUTION NO. 03-17 A RESOLUTION OF THE BOARD OF DIRECTORS OF WESTLAKE ACADEMY APPROVING A SHORT-TERM LOAN FROM THE TOWN OF WESTLAKE. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE WESTLAKE ACADEMY: SECTION 1: That the Board of Directors of Westlake Academy does hereby approve a short-term loan from the Town of Westlake for the payment of items and services (excluded approved grant expenditures)to be reimbursed following the first monthly state payment of attendance related funds in September. SECTION 2: That this Resolution shall become effective upon the date of its passage. PASSED AND APPROVED ON THIS 25TH DAY OF AUGUST 2003. Gem ATTEST: Scott Bradl y, Chairman Gins rosswy, Secrefairy Trent O. Pet,f hief Executive Officer APPROVED AS TO FORM:- ,,•- L. antori Lo , Ali ey