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FY00 SB2
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FY00 SB2
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Last modified
5/28/2010 12:53:59 PM
Creation date
12/29/2008 2:42:42 PM
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Template:
PW_Operating
PW_Document_Type_ Operating
Correspondence
Fiscal_Year
2000
PW_Division
Administration
Identification_Number
SB2FY00
External_View
No
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attorney work product privilege. <br /> CRONIN Finn J 06/01/00 03:28PM <br /> Hi Pat, I'm the financial reporting manager for the City and I was recently <br /> looped in on the loan made by the Airport fund to its tenant. I was trying to <br /> get answers on some concerns I had on the legal end and Susan Weixelman had <br /> mentioned that you had worked on this contract. I work closely with our <br /> external auditors on the preparation of our annual financial statements and I <br /> know they will question whether it is appropriate (and a proper use of public <br /> funds) to loan money at a low interest rate to a tenant of the airport. <br /> Also, I'm concerned that the transaction could be viewed as an investment , <br /> and if so, did we look at the ORS 294.035 (investment of public monies)? <br /> The latter contains very strict criteria for types of investments we can buy <br /> with public funds. <br /> Thanks in advance for your cooperation, Finn. <br /> <br /> i <br /> 2 <br /> <br />
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