1985/08/28 Council Minutes - Laserfiche WebLink

• 325 • August 28,1985 RESOLUTION-PUBLIC HEARING . To adopt Resolution No.2609 as follows: WHEREAS, the owners of more than two-thirds of the front footage of: The alley lying within Block 399, Plat of Everett Division TR 1111 according to the plat thereof recorded in Volume 5 of plats,page V,records of Snohomish County,Washington, rn have petitioned for vacation of said right-of-WaY;and by r es MIT,'f d'a.t7e'f°o'r'pPundre a ftaitg o'n"saCiiPheCt'iLtnicon':""" NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL FOR THE 'g • rZytemtr'ilrIX,"ir t=t,''''=Un".teLefZ 3LTi: z=2::,the proposed vacation of aforesaid right-of-way as herein BE IT FURTHER RESOLVED that notice be given as required by 36 law as set forth in RCW 35.79.020. 11 11 RESOLUTION-INTERFUND LOAN 11 37 To adopt Resolution No.2605 as follows: 99 WHEREAS, permanent financing has not been obtained to fund the cost of improvements to the golf courses,and 111 17 WHEREAS, each fund is required by State law to remain 32 financially solvent,it becomes necessary to borrow cash from other 00 solvent funds in order to comply with the intent of the law:and 54 WHEREAS,it is required of the City Treasurer to obtain City Council approval to make interfund loans; 87 24 21 NOW, TUEREFORE, BE IT RESOLVED by the City Council of the of Everett, thaL authorization is given to the CitY Ireasoror to make interfund loans under the following ter"and conditions: 96 Loans From: LID GOaranty Rood 69 Loans To: Fund 133-Golf Project Contingency Amount Authrized: 0390,000 Period of Loan: August 28,.85 to date of receipt proceeds from permanent financing. Rate of Interest: 91 RepEyment Source: Go.course green fee revenues ;rnr=ds o"the"er"ne" Roll was called with all councilmen voting yes. Motion carried.