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405 <br /> November 9,1903 <br /> Allen Buick Property <br /> Although a decade has passed since the parking lot <br /> to behind City Hall was lest a car dealership, the old <br /> Ind am persists to this day. Our final payment was made <br /> on leseek thereby reducingourdebt payments by over <br /> $7,000 per year. We can now <br /> w"burn the myrtgage^. Ali <br /> lgh <br /> ye Fire Station Bonds <br />,at <br /> Council will readily remember the $600,000 Evergreen <br /> Ma way account <br /> was nt whichcreated in the early seventies <br />.ed end wasfully funded in1983.. We may also recallall the <br /> he construction of our new <br /> fire station on Evergreen <br /> rat Way. I would like to acknowledge Council's wisdom In <br /> andire <br /> supporting <br /> n fplan that <br /> Evergreen <br /> eay fund <br /> agreeents tationbondbroughtpants together. <br /> Association our <br /> with the South Evciation wa <br /> essential in reachingen <br /> cord whereby the bond <br /> payments have been removed from the general fund for <br /> tothe next three years. This save plan ill s e the general <br />;1ne fund over$250,000 between noand 1987. <br /> Alin Senior Housing Bonds <br /> 1BM In just a matter or weeks, the new senior housing <br /> the Prof Ct on Broadway will be opened for occupancy. The <br />,an9 citizens of Everett supported bond issue for 40%of { <br /> the funding for these 103 nits. Because the bons <br /> ima <br /> were sold sow <br /> late in 1982, e were required to <br /> estimate the levy due in 1983. Our estimate was too <br /> high by about $60,000. Thism aunt will be carried <br /> Um <br /> forward into 1984 to be Plie d <br /> Wed bond payment. As a result, the levy $ <br /> yhas been reduced <br /> 000 <br /> ive <br /> fom$231,000 down to$171,000. <br /> Meech Perk Loan <br /> cod <br /> Two new <br /> w ballfleids have been partially constructed at <br /> inn MeechPark as of this date and are scheduled for <br /> to opening play next spring.rFunding we derived from Sr <br /> seeIAC grant, contribution from Community Transit and a <br /> construction loan to be assumed by the general fund. <br /> rrel Me The $206,000 loan is scheduled for repayment at <br /> Mom per year over five years. Wash Park <br /> erk is one <br /> err of my priorities. willcontinue to seek out <br /> by alternative funding sources to complete this <br /> to worthwhile and needed projects <br /> Pal <br /> try <br /> 1a NON-GENERAL GOVERNMENT FUNDED PROJECTS • <br /> Highlighting several programs of interest to Council that wilt <br /> be funded from sources other than the general government: <br /> coo w $05,001 famberhef hCommerce el,tax for tourism promotion li - <br /> o <br /> a $190,000 from the 1984 jobs bill for CBO improvements <br /> mal $320,000 from a combination senior housing bond <br /> Sar - proceeds and the job bill for parking facilities at <br /> MY ^ the Senior Center and the senior housing project on <br /> len Broadway <br />• <br /> 1250,000 from-gas tag for the refurblahment of the <br /> Lombard Bridge and the Pacific Avenue Railway Crossing <br />