1990/02/28 Council Minutes - Laserfiche WebLink

February 28,1990 87 WHEREAS, City Council authorized the construction of new bleachers at Memorial Stadium;and i WHEREAS, the cost of construction is tote funded over tenill'il 1, years with proceeds of the Hotel/Notel Tad;and 14 .11 WHEREAS, each fund is required by State law to remain financially solvent,it becomes necessary to borrow cash from other solvent fonds in order to comply with the intent of the law;and 1:-A councuo,,aEpoprosv:alotmo.kreolontjeordru%roo.nsolty Tr...or to obtain City 14,',1 + I I NOW, THEREFORE, DE IT RESOLVED by the City Council of the ':tv City of Everett, that authorization is given to the City Treasurer 1 1,410 to make interfund loans under the following terms and conditions: Ill I 1 "IIIkI 1 Loan From: Utilities Fund Loan To: Fund 138,Culture/C000 Center Amount Authorized: $350,000.00 Period of Loan: 3/1/90 to 12/31/99 Rate of Interest: 8.80, - Repayment Source: Proceeds of Hotel/Motel Tax 1 Roll was called with all councilmen voting yes except Councilman Gipson who voted no and Councilman Anderson who was excused. ,1 Motion carried. i q 1 I CHANGE ORDER-NAVY ACCESS CORRIDOR .II k I Moved by Councilmember Diamond,seconded by Councilmen Overstreet to authorize the Mayor to sign supplemental agreement No. 3 with AH Entranco Engineers for the Navy Homeport/c130 Traffic Needs Study. 1.11 Roll was called with all councilmen voting yea except Councilman „ Morrow who Vated no and Councilman Anderson who was excused. 1 1 I Motion carried. 01 AGREEMENT di di moved by Councilman Overstreet, seconded by Councilman MoSer tO authorize the Mayor to sign an agreement with Cascade Geotechnical For the design of Fire Station No.4. 'I' I Roll sea called with all councilmen voting raw except Councilman Anderson who was excused. ' I Motion carried. I 1 I'1 I II k 1 t 11,01 P