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78 <br /> February 27,1985 <br /> I, N oi <br /> Redubyon 2l5man aawaedd b ncilmn Lnut pt <br /> WHEREAS, re emitted to the n <br /> Equipment Rental <br /> Fund ' emonthly�increments, thereby contributing to the <br /> depletion of available cash;and <br /> WHEREAS, fund 1s required by skate law to_remain <br /> • financially solvent,ch it o borrow cash from <br /> solvent funds in order to amply with they intent of the law;and <br /> CouncilWapproval toimake i nterfund loans rty Tra r to obtain Ciky <br /> • <br /> NOW,, THEREFORE, BE IT RESOLVED by thecity Council of <br /> f the <br /> e <br /> k <br /> City of Everett that authorisation is given the City Treasurer <br /> make Lnterfund loans to the Equipment Rental under <br /> following terms and conditions: --" <br /> Loans From: Cal Improvemment <br /> Fund <br /> Period of L 2/23/85tthrough 12/31/85 <br /> Rate of Interest; <br /> M.OB - <br /> SoUrce of payment, nthly nts Equipment <br /> gp nt Rental <br /> • Amount of Loans; Payneeded[ main <br /> • <br /> solvent but not <br /> exceedszoo, <br /> 0 <br /> out- <br /> standing any any one time <br /> Roll was called with all councilmen voting yes. <br /> Notion carried. <br /> COUNCIL BILL N0.852-23 <br /> FIRST READING; <br /> AN establishing <br /> procedures and gulations <br /> • <br /> regarding NA utility and h street latecomer ements and <br /> d <br /> filing latecomer forthe <br /> andeap nsec in pealing eOrdinance a <br /> 711-80. No. <br /> COUNCIL BILL NO.852-24 • <br /> • <br /> FIRST READING <br /> 500000nceoN amending 1058 4 Sections <br /> created and 5 Forest Park sand System <br /> Swim Center <br /> Reroof Fund No.370. <br /> • <br />• <br />