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January 14,1981 <br /> Michelson asked what calls were <br /> ted by the city and <br /> Chief lled <br /> 1 and said there was <br /> man downland 911 dispatched th 9 ea spot,t e City h dinancd <br /> ProProbably edopay,butait was a m ,'area an thevOr Ordinance <br /> t clearly <br /> fine <br /> Roll was called toeadopt tthe resolution with al v voting Yes. <br /> Mot <br /> ed <br /> I811-14) <br /> • <br /> • <br /> • <br /> • <br /> • Moved by c Overstreet, <br /> by Councilman on, o <br /> adopt• Resolution No. 895asfollows: <br /> • <br /> I <br /> authorizingA RESOLUTION h y <br /> Treasurer to <br /> borrow money for those ry <br /> • <br /> operating tCity <br /> even monthly <br /> 1- <br /> WHEREAS,Revenues are <br /> • cr e s econtributingto e depletion vaiabesnd, <br /> remain financially <br /> WHEREAS,Each Fund is required by State law to other solvent Funds, <br /> solvent,it becomes necessary to borrow cash from <br /> • <br /> rest bearing warrants,in order to complywith the intent <br /> . or issue <br /> of the <br /> • clap <br /> ilpsovaltto make ed ound loans, r value interestibearing <br /> he City <br /> Everet s <br /> of <br /> I that author,B bt Council f t <br /> on is given to is Trh Treasurer tohmaketinte- <br /> rizati <br /> warran <br /> underco <br /> the <br /> follo inolwgerms and B! ; fund loans,or issue interest en itio s. y£or eafunde following <br /> Funds <br /> City of Evertt Mem om water <br /> Bond <br /> or City of <br /> local reasonable r of interest <br /> : Everett L.I.D.guaranty fund,or <br /> l with January 1banks.through Sun <br /> . RatePeriod <br /> of interest: 6.503.or as hanks. <br /> negotiated with local <br /> Source of ReraYcenkl <br /> Property Tax. <br /> Loans to,and L ted Need arks extern $ 260,00 <br /> 410,00t 185,00 <br /> . <br /> IarkaConstruction <br /> Police e cxPension <br /> TOTAL $1'l 0 <br /> Roll was called from voting. <br /> Motion <br /> tCouncilmen voting Yo excelled idem Baker, <br /> who abstained <br />__ <br />