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356
<br /> September 3,1986
<br /> l l•lt ril V l
<br /> I TIRl'ill ll
<br /> RESOLUTION-INTERFUND LOAN
<br /> To adopt Resolution No.2751 es follows:
<br /> is not 7:::Tt:d gfrg:ctiLlIcglons1=101zment"—i"'
<br /> 1,:..., •
<br />'.1:,)i . WREREAS, each fund is required by Stet. la. to cell..
<br /> financially solvent,it becomes necesserY to borrow cash droe etbez
<br /> solvent funds in order to comply with the intent of the law;and
<br /> WHEREAS,it is requited of the CitY Treaeuret to obtain CitY
<br /> ' Council approval to make interfund loans:
<br /> ,.lblTh lit I NOW, THEREFORE, BE IT RESOLVED by the City Council of the
<br /> r i,,ll:l 5ii i 1 , City of Everett, that authorization is given to the City Treasurer
<br /> 1!J T.,'T['-,T,!1 co make interfund loans Under the following terms and conditions:
<br /> VA,lil,i4l'ill Loan From: Water Operating
<br /> Pill Oli,R, Loan To:
<br /> Amount Authorized: '410111-l'er'''n"e L'D
<br /> litlk 1,ll'l L.'',A Period of Loam: September 3,1986 to
<br /> date of reoeiPt ed GtOteeee
<br /> ':'R l4i lt...: l, from permanent financing•
<br /> qVidl.11illil ii Rate of interest: SI
<br /> R:4111.tql ll lA, BeGaYment Seerce: Erode..of permanent financieg
<br /> Rfllvl RL,Rk.;!l
<br /> Roll sqq 551120 SIll 811 councilmen voting yes except Councilman
<br /> Rd:1 tilli;i
<br /> COUNCIL SILLS 868-67 ande::::6:t the cetteet'et""ems carried'
<br /> IliROij,b
<br /> 'lir',o 4 Delayed at request of the Finance Department.
<br /> lel VIfill
<br /> '4[. ,l ll l'CI li.' INTESLOCAL AGREEMENT
<br />. l'llI'llRi R•llP1Illilll
<br /> 1 MoVed by Councilman Langus, seconded by Councilman Stephenson to
<br /> authorise tbe Mayor to pursue an Interlocal Agreement with DIM for
<br /> V,;t VI,: oprvoepre.rtrtyeeetnw:mointLI:::::edto be used for Rivermfortoinont Pc:la:kr:ed.
<br /> OA I'll'i Roll was called with all councilmen voting yes except COuneilman
<br />- r till!tlilill.
<br /> 'iR ..'ll til•, GRANT APPLICATION
<br /> .l, 1 qttl R
<br /> al l,ItV't I ll. Moved by Couneilman MorroW, seconded by Coencilman StePhanson te
<br /> :P li kill ll l ltl adopt Resolution No.2752 as follows:
<br />,l2l,,,l3,M4l WHEREAS,the EVerett City Council acknowledges the need for a
<br /> kmterfront regional park on the Snohomish River,end
<br /> R ill 1 Wirt'
<br /> l; Yl...1,.•ll' ll WHEREAS, under the provisions of the Marine Recreation Land
<br /> Act, State and federal funding assistance has been authorized and
<br />' ,,l1 ll ilP'•l ll
<br /> t ii.l klqlllr . i
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