The Great Bend City Council Monday night approved a resolution allowing the transfer of funds for the Great Bend Public Library heating and air conditioning system loan. The amount being transferred is $762,012.92.On Feb. 16, the council agreed to assist the library board by covering contractual obligations. To repay the money, the city will retain a quarterly $25,000 installment from the mill distribution to the library until it is paid in full, or over eight and quarter years.There is also 2 percent interest being charged.The agreement establishes the conditions upon which the city will pay for the system up front and be paid back from the one mill levy that was approved in 2013 for library capital improvements.