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•• - <br /> • <br /> 459 <br /> December 21,1983 <br /> F83SOLUTION-INTER.FINANCING • <br /> • <br /> Vg:MT::n:;Anrig;NXeZIL:r4T:ZI., <br /> funds. <br /> 1„crem4BeTAsS,,thrrrvx:.azizlzitrget°,.1,1:tToin".1".::TIZT.h.l. <br /> and <br /> WHEREAS,each fund is required by State law to remain financially <br /> solvent, becomes necessary to borrow cash from other solvent funds <br /> in order to comply with the intent of the law,and • <br /> WHEREAS,it is required of the City Treasurer to Obtain City • <br /> Council approval to make interfund loans, <br /> NOW,THEREFORE,BE IT RESOLVED by the City Council of the City <br /> of Everett,that au.orization is given to the City Treasurer to <br /> make interfund loans under the following terms a.conditions: <br /> Loan From: Sewer or Water Bond Reserve Funds and <br /> Local Improvement Guaranty Fund <br /> Period of boanB: Gan.1,1904 through Dec.31,1983 <br /> Rate ARISEN. 6.58 on Bond Reserve Fund Money <br /> 9.08 on Guaranty Fund Money . . <br /> Source of Repayment: Property Tax a.Salee Tax Revenues <br /> Funds Receiving Loans: General Fund,Parks 8 Recreation Fund <br /> Library Fund,Street Fund,Fire Pension <br /> Fund and Police Pension Fund. <br /> • <br /> Amount of Loan. Ae needed to remain solve.but not <br /> exceeding 358 of estimated property <br /> tax and sales tax revenues. <br /> Roll was called with all Councilmen voting yes,except Councilman <br /> Aldcroft,who was abaent. <br /> Motion Carried <br /> DISTRICT COURT FILING FEES EXTENSIOW <br /> • <br /> Moved by Councilman Michelson,seConded bY Conn..=GiP.3 te <br /> authorize a four-month extension of the 1981-83 District Court . <br /> filing fee rate while 1984 fees are being determined. <br /> 8011 was call.with all Councilmen voting yes,except Councilman • <br /> Aldcroft,who was absent. <br /> Motion Carried <br /> IWINWLH- <br />