1989/12/27 Council Minutes - Laserfiche WebLink

544 December 27,1989 . The weekends will be made available for Annual Memberships during the months of January, February, Parch, October, November end December. Annual memberships run from January 1 to December 31. They will be prorated during the calendar Year for senior mem only,during the year they turn 62 years of age. Section 2: Council wishes to instruct the Park Board to xecor in the fall of 1990 the equity and additional . changes in the fee structures and present to City Council fox consideration prior to the formal 1951 Budget adoption. Roll was celled on the motion as amended with all councilmembers voting yes. Motion carried. RESOLUTION Moved by Councilmember Overstreet, seconded by Coonci,member Morrow to adopt Resolution 3272 authorizing the City Treasurer to make an interfund loan to Fund 138, Cultural Convention Center Fund for financing construction of bleachers at Memorial Stadium as follows: WHEREAS, City Council authorized the construction of new bleachers at Memorial Stadium;and years City oefeetthelloteeel=iTaX;h:ncr' be funded over ten WHEREAS, each fund is required by State law to remain financially solvent,it becomes necessary to borrow cash from other , solvent funds in order to comply with the intent of the law;and USHarpErn,It ins..4eql.,z4,fnfd ro,:nTity Treasurer to obtain City doe, THEREFORE, BE IT RESOLVED by the City Council at the City of Everett, that authorization is given to the City Treasurer to make interfund loans under the following terms and conditions: Loan From: General Fund Loan To: Fund 138-Culture/Conv Center Amount Authorized: $350,000.00 Period of Loan: 1/1/50 to 1/1/2000 Rate of Interest: 8.50% Repayment Source: Proceeds of Petel/Motel Tax Roll was called with all councilmembers voting yea except Councilmember Gipson who voted no. Motion carried.