City Council

11. Approval of an Internal Loan from the Sewer Fund to the Water Fund and Adoption of a\nRepayment Schedule. Approval of an internal loan from the Sewer Fund to the Water Fund in\nthe amount of $4,000,000 and adoption of a repayment schedule in accordance with the City’s\nFund Loan Policy.\nRecommendation: That the City Council adopt the attached resolution titled “A RESOLUTION\nOF THE CITY COUNCIL, CITY OF LA VERNE, CALIFORNIA, APPROVING AN INTERNAL\nLOAN FROM THE SEWER FUND TO THE WATER FUND AND ADOPTING A REPAYMENT\nSCHEDULE.”