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117 <br /> 83 <br /> March 9,1985 <br /> nd <br /> AGREEPMNI-EVERETT LAND ASSOCIATES <br /> moved by councilman,Michelson, seconded by Councilman Langus to <br /> AAiAAAfAAflrt itrotrtvenetniteatag:17=.a7Mr.""e" <br /> ed Roll was called with all councilmen voting Yee. <br /> • Motion carried. <br /> '• <br /> RESOLUTION-INTERFUND LOANS <br /> '141 <br /> , jj11 <br /> WHEREAS, revenues are not remitted to Fund 101-ParksFund <br /> 110-Labrary, Fund 120-Streets, Fund 153-Emergency Medical Service <br /> and Fund 637-Police Pension in even monthly increments, thereby <br /> contributing to the depletion of available cash;and <br /> Tr IT <br /> WHEREAS, each fund is required by State law to remain 411 I <br /> financially solvent,it becomes necessary to borrow cash from <br />:41 solvent funds in order to comply with the intent of the laW,andother <br /> CoUncilIT:!::elito'znekre'Yn'tr:rfuld roearsTY'rea"rer" CitY <br /> NOW, THEREFORE, BB IT RESOLVED by the city Council of the <br /> City of Everett that authorization is given to the City Treasurer <br /> to make interfund loans to the funds listed aboVe under the <br /> following terms and conditions: <br /> Loan.from: General Fund <br /> Period of Loans: 2-28-05 through 4-30-85 <br /> Rate of Interest: No interest required <br /> Source of Repayment; Proceeds of 1985 Tax •4 <br /> Anticipation Note <br /> Amount of Loans: As needed tO remain <br /> solVent <br /> Roll was called with all councilmen voting yes. <br /> Motion carrted. <br /> , RESOLUTION-CLAIMS <br /> Re'so2tT:111:: " c°"'il'a" 've"t"et " <br />