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92 <br /> March 5,1986 ! <br /> CoenctlIPP/tIlitoi:alrgelfkldttLTY"°""" "'b""CitY <br /> I NOW, THEREPORE, BE IT 816801VED BY THE CITY COUNcIL OF THE <br /> CITY OP EVERBTT that authorization is given to the City Treasurer to <br /> make interfund loans 001060 002 following terms and conditions: <br /> tfg from: <br /> 02060610000 <br /> Fund 101-Parks 6 Re, <br /> 1 . Fund 110-LibrarY <br /> Fund 120-Street <br /> , Fund 637-Police Pension <br /> [ =tOd'OrT,roln!d' 6600,600.00 <br /> Per.1,1986 to date of <br /> . receipt of proceeds from <br /> other interim finaneing <br /> sources or property tax <br /> Rate of Interest: 087.10 interes1required <br /> when General Fund is mak- <br /> f ing the loans to other <br /> , general government funds. <br /> Repayment Source: Other interim financing <br /> sources(tax anticiPation <br /> I notes)or ProPertY ba8 <br /> revenues. <br /> . Roll wae called with all councilmen voting Yee. <br /> . . Motion carried. <br /> r Councilman Stephenson aaid this came before the budget committee and <br /> was approved with a two to one vote. The request is for 875,000 <br /> 6666 01,2 Hotel/Hotel Tax Fund to create a recreatiOn PrOgram On <br /> - Jetty Island from July 2nd through Sept.9th. <br /> Bob cooper, Park Director, pointed out the fees ln the proposed <br /> rdeereIrdireco7ge IV. 688 Te'r0=r111 17.0:11.7rgig.tcbg.i: <br /> increased. <br /> , Councilman Gangue asked about supervision of the children such as <br /> lifeguards, etc. 110. Cooper replied there wilt be trained people <br /> there from the Park Department and they wil/be in touch with the <br /> Fire Department 000 Crews also. <br /> Councilman Stephenson suggested the city could ask for donations <br /> b- <br /> t,. fro. the citizens attending and perhaps the merchants <br /> waterfon the <br /> ront would donate also as they will benefit from this. <br /> Council Morrow asked how much was 80 000 fund right now and Bill <br /> tt Te8=89006.60081wetZThe're"i1:11,6 0060 <br /> OfprOrria%c107:: <br /> 1986 out of this amount leaving a balance 00'676,000. The <br /> anticipated revenue for 1986 is$90,000 00,6068100 106 balance to <br /> 0.68!000' If 875,800 ts approved for Jetty Island, there would <br /> still 12891,000 available. <br /> Ilb <br />