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132 <br /> IApril 4,1984 <br /> BID AWARD <br /> IMoved by Councilman Gipson,seconded by Councilman Pope,to award the <br /> bid for prefabricated restroom for Easel:Park to the low bidder,Super <br /> Secur Mfg.Co.,in the total amount of$30,029.05. <br /> Councilman Pope asked about funds required to install.the restreom and <br /> Mr.kozlovski pointed out that$40,000 1.d been budgeted which would <br /> more than cover all costs to purchase and install the restroom. <br /> Councilman Overstreet asked if both bidders were qualified and paid <br /> sales tax and Mr.Kozlovski replied yes to both queetions. <br /> Roll was called with all Councilmen voting yes,except Councilman <br /> michelson,who voted no. <br /> Motion Carried <br /> RESOLUTION-INTER..LOANS AUTHORIZATION <br /> A RESOLUTION authorizing the City Treasurer <br /> to borrow money in 1984 for the Equipment <br /> t Rental Fund. <br /> WHEREAS,revenues are not remitted to the Equipment Rental Fund <br /> in even monthly increments,thereby contributing,to the depletion of <br /> available cash;and <br /> , WHEREAS,each fund ie required by State law to remain financially <br /> solvent,it becomes necessary to borrow cash from other solvent funds <br /> in order to comply with the intent of the law;and <br /> CourcTratrOktral'trTalrfntr=dIgnIra'u"'""tai"itY <br /> NOW,THEREFORE,BE IT RESOLVED by the City Council of the city ci <br /> Everett,that authorization la given to the Ciry Treaeerar to NM. <br /> interfend loans to the Equipment Rental Fund under:the following <br /> terms and conditions: <br /> Loan From: Local Improvement GuarantY FUnd <br /> Period of Loans: April 1,19B4 through December 31,1. <br /> Rate of Inters., 9.0% <br /> Source of Repayment: Monthly Equipment Rental Payments <br /> Amount of Loans: As needed to remain solvent but not <br /> to exceed an aggregate total of$100,0M. <br /> Roll was called with all Councilmen voting yea. <br /> Motion Carried <br /> k <br /> , <br />