|
. 156
<br /> April 3,1991
<br /> CITIZENS COMMENTS
<br /> Les R. Cooper, 4817 Glenhaven Drive,. addressed
<br /> regarding the City's debt.as to the,borrowing of funds concern
<br /> capital purposes. He recommended that.funds be set aside each
<br /> year into a Cumulative Capital Reserve Fund and these be used
<br /> to acquire Capital Improvements rather than borrowing. funds
<br /> today. He also stated that the mortgagingof the City's future
<br /> funds.should be submitted to a vote of the people rather than
<br /> to a vote of the Council.
<br /> t 0111.Cushman,.Finance Director, reviewed the City's long term
<br /> debt„stating that an increase of only 1,6% of payment a
<br /> percent of revenue has occurred in the lust ten years. He
<br /> reviewed the•dedicated'revenues for Senior Housing I, senior
<br /> Horsing II, CIP Bond I, and Library II. He also reviewed the
<br /> generarvenes whichCasino1Rd eLID Uand CIP IIc for the overe.LWall ribraStreetFBuilding. No.6 ,
<br /> Council thanked Mr. Cooper for his information, as they also
<br /> needed a clearer picture of.the City's debt structure.
<br /> CONSENT ITEMS
<br /> Movetl by 7171 Lan Gipspn, s contletl by Councilmen Overstreet
<br /> to etlopt the following consent agenda items:
<br /> •
<br /> RESOLUTION-PAYROLL
<br /> To adopt Payroll Resolution.as.3453 as.follows:
<br /> That the payroll of.the employeesof the City,of Everett a^of
<br /> Mar.23,1991 and warrents issued Mar,29,1991,having been
<br /> audited,be and the same is hereby approved and the proper
<br /> officers are hereby authorized and directed to charge warrants
<br /> n The Payroll Fund in payment thereon
<br /> ' ' GROSS EMPLOYEE• NET •EMPLOYER
<br /> FUND DEPARTMENT PAYROLL DEDUCTIONS PAY CONTRIB,
<br /> 001 Legislative 4,096.55 1,059.18 3,037.37 466.66
<br /> 003'Legal 11,929,20 4,163,01 7,746.23 1,829.79
<br /> 004 Admin 24,881,33 7,769,74 17,111.59. 3,735.85
<br /> 005 Muni Court 9,483,19 2,204.27 7,278,92 1,387.41
<br /> 007 Personnel 14,351.36 2,668,40 11,682.96 2,204,98
<br /> 010 Fin k Budget 7,209.67 2,489,02 0,720.25 1,106,83
<br />• 011 City Clerk 7,941,20 2,752,02 3,189,18 1,220,43
<br /> C
<br />
|