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312 <br /> July 18,1979 <br /> Councilman Baker left the meeting at this time. <br /> RESOLUTION- (CB 797-335) <br /> de by Councilman Overstreet,to adopt <br /> ResolutionoNo.16]3 as follows. <br /> A RESOLUTION <br /> authorizing cCity Treasurer <br /> borrow money a Funds <br /> reguiring temPorarY <br /> operating cash. <br /> WHEREAS,Revenues are not remitted <br /> monthly <br /> in- <br /> crements, n c aeenoayai an <br /> I WHEREAS,Each Fund is required by solvent,it becomes necessary to borrow State law <br /> remain <br /> solvent <br /> or issue rest bearing warrants,in order to comply with the intent <br /> of the law,WHEREAS,it Is of i City T Council <br /> approval a an de loans, <br /> rissue in er x warrants, <br /> NOW,THEREFORE,BE <br /> IT RESOLVED by the City Council of theC of <br /> Everett,that issue <br /> interest bearing nts, is given to the for t followingFunds <br /> Treasurer nderthe ofollowing <br /> terms and conditions: <br /> Loan From: <br /> Period <br /> of Loan: July 18,1979 through December 31,1979 <br /> ,, 8 Rate of interest: 6.1254 <br /> Source of Payment: Property ax and Half Sales <br /> Loans To s Amount: n $ 305,000 <br /> 165,000 <br /> ::,84(1 LibrarY <br /> Street <br /> 100,000 <br /> Park ruction 200,000 <br /> Ze <br /> 000 <br /> Police Pension 190,000 <br /> TOTAL51,270,000 <br /> 1 Roll <br /> g <br /> called lman Baker, <br /> who was absent,and hCouncilmen <br /> all iMichelson a rg yes,except elexcused. <br />( Carried <br /> Councilman Baker returned to the meeting at this time. <br /> COUNCIL BILL]9]-317 <br /> FINAL <br /> 4 AN ORDINANCE amending Sections 4,5 and 6 of <br /> Ordinance No. <br /> SOcreating constructionon <br /> entitled n( LAKE) <br /> PARK <br /> EANfDI,Fodi <br /> 0 �appropriation or to <br /> $343,00 <br /> le <br />