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11 <br /> January 13,1982 <br /> • <br /> EMT ' RESOLUTION-(CB 821-10) <br />•05 Moved by Councilnian overstreet,seconded by Councilman Gipson.to <br />•,6 adopt Resolution No.2039 as follows: <br /> A RESOLUTION authorizing the City Treasurer to <br /> borrow money for those Funds requiring temporarY <br />.69 operating cash. <br />.08 WHEREAS,Revenues are not remitted to the City in even monthly <br /> increments,thereby contributing to the depletion of available cash, <br />.96 and, <br /> 93 WHEREAS,Each Fund is required by State law to remain financially <br />.66 solvent,it becomes necessary to borrow cash from other solvent Funds, <br /> or issue interest bearing warrants,in order to comply with the intent • <br /> of the law. <br /> • <br /> • <br /> 94 WHEREAS,it is required of the City Trbasurer to obtain City Council <br /> approval to make interfund loans,or issue interest bearing ihrrants, <br /> NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of <br /> Everett,that authorization is given to the City Treasurer to make <br /> interfund loans.or issue interest bearing warrants,for the following <br /> Funds under the following terms and conditions: <br /> Loan From: City of Everett Sewer or Water Bond <br /> reserve funds,or City of Everett <br /> L.I.D.guaranty fund,or at a <br /> reasonable rate of interest with <br /> • local banks. <br /> Period of Loan: January 1,1902 through December 3,1982. <br /> -Rate of Interest: 6.50.or as negotiated with local banks. <br /> Source of RePaYment: PropertY Tax. <br /> • <br /> ''a::tL:20Parks 6 Recreation S 699.000 <br /> ttNeed: Libra, 741,000 <br /> Street 490,000 <br /> Police Pension 566,500 <br /> TOTAL $2,496,500 , <br /> • <br /> Roll was called with all Councilmen voting yes. <br /> Motion Carried <br /> • <br /> DEMOLITION RESOLUTION- CO 821-11) <br /> J....A.Burell,of 4305 172nd S.W.,LynbwOod,oWner of the PPoPertY at <br /> 3710,Rucker,asked Council for a time extensipn before action is <br /> taken as he has been negotiating with several people who would like <br /> • to purchase the property. <br /> • <br /> Marian Dent,Building inspector,gave hrief...band Of thia <br /> ProPerty which has been vacant for approximately 3 years. she said <br /> Mr.Burell has refused to accept any correspondence sent out by the <br /> Building Department,except the original notice sent out in April.1980. <br /> The structure is deteriorated,unsecured,uninhabitable in its present <br /> zondition and a public hazard. She said the Building Department would <br /> be willing tohold off calling for bids for demolition for a two week <br /> period to work with Mr.Burell. <br /> • <br /> • <br />