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1: hl <br /> 189 <br /> Hay 6,1987 <br /> : i1I <br /> Period of Loan: May 6,15:87 to <br /> date of receipt of proceeds I <br /> from permanent financing <br /> or other interim financing• <br /> Rate of Interest. 6.75X ' <br /> Repayment Source: Proceeds of permanent or <br /> 1 01 <br /> other interim financing <br /> RESOLUTION-INTERFUSE LOAN <br /> To adopt Resolution No.2659 as follows. 1 I: <br /> i <br /> dietrihn"IT'ngfrm%Tivefcin',VIT foe i'jlti',Th'ffg"'I't ' <br /> comp/eted;and <br /> j 1 <br /> s <br /> WHEREAS, each fond is required by State law to ' til <br /> remein financially solvent,it becomes necessary Si borrow <br /> cash g:e1.4o1=tt funds in order to comply with the I 111 <br /> WHEREAS, f! req11r'd :%tt City Treasurer <br /> to y Council approval tom1ie Id loans; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council ,:11,j <br /> of the City of Everett,that authorization is given to the <br /> City Treasurer to make interfund loans under the following <br /> terms and conditions. <br /> Loan From: Transit 7 Operating <br /> Loan To: Fund 72 -16th Avenue <br /> Amount Authorized $1,113,900.00 1,1, <br /> Period of Loan. May 6,1,117 to <br /> date of receipt of proceeds <br /> from permanent financing <br /> or other interim financing. <br /> '0 <br /> Rate of <br /> Proceeds of permanent or i <br /> other interim financing <br /> 0i0 CALL <br /> To authorize a call for bids for a year's supply of paper products 1?‘10 1 <br /> .ith a public bid opening to held on May 21, 15117 at 2:00 p.m.in <br /> the City Council Chambers. <br /> %,1,„1„wItsw::11:2u.weidtp all councilmen voting yes except Council:Ran <br />{ <br /> Motion carried. ,C 1 1,, 1 <br /> F <br /> A F, <br />