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Res 03-50A Authorizing a Loan to Westlake Academy and Authorizing Expenditures Paid by the Town on Behalf of the AcademyTOWN OF WESTLAKE RESOLUTION NO. 03-50 14 A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS, AUTHORIZING A SHORT-TERM LOAN TO THE WESTLAKE ACADEMY AND AUTHORIZING THE TOWN MANAGER TO APPROVE EXPENDITURES PAID BY THE TOWN ON BEHALF OF THE ACADEMY. BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That the Board of Aldermen of the Town of Westlake does hereby authorize the Town Manager to approve expenditures paid by the Town on behalf of the Academy using a short-term loan from the Town to the Academy. SECTION 2: These funds are for the payment of items and services (excluding approved grant expenditures) to be reimbursed following the first monthly state payment of attendance related funds in September. SECTION 3: That this Resolution shall become effective upon the date of its passage. PASSED AND APPROVED ON THIS 25TH DAY OF AUGUST 2043. ATTEST: Scott Bradley, Mayor Ging rosswy, Town cretary APPROVED AS TO FORM: L. Trent O. Pe own Manager