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1 <br /> �! 507 <br /> October 23,1991 <br /> C <br /> c Ion 5: A purpose o4 this resolution and Resolution oNo.mp 3493 <br /> oSection <br /> to preserve the tax exempt status of the interest component <br /> of lease rental payments under the Leasee in ane o ant.the Lease <br /> is determined, to be imbursement bond efor 010n federal the <br /> purposes. 'The City itselfreim. determination as to the <br /> status of the Lease as a reimbu rs��ment band. <br /> Roll was called with all councilmen voting yes except Councilman <br /> C Overstreet who was excused. <br /> Motion carried. <br /> BUDGET AMENDMENT-SOFTBALL PROGRAMS <br /> Moved by Councilman Gipson, seconded by Councilmen Anderson to <br /> approve a budget amendment in the amount of$40,000 for further <br /> expenditures in Program 413,softball programs. <br /> Program 413 recreation programs as e funded by"usThis <br /> amendment request is necessary dueto the growth of the softball <br /> program, a result ofthe incrtase in gamesand tournaments <br /> scheduled at Nasch Park. Sufficient revenues.nave been <br /> collected to offset expenditures, and authorization is required <br /> to expend funds that were <br /> not budgeted. <br /> Roll was called with all councilmen voting yes except Councilman <br /> Overstreet who was excused <br /> Motion carried. <br /> INDEMNIFICATION <br /> Wi Moved by Councilman Anderson, seconded by Councilman Gipson to <br /> authorize the Mayor to sign onindemnification for use of the <br /> C Pay N'Save Building. <br /> Attorney Bruce Jones informed concilmembers that the letter Of <br /> indemnification had been revised to apply to additional uses. <br /> Roll w called with all r ncilmen voting yes except Councilman <br /> Overstreou <br /> et who was excused <br /> Motion carried. <br /> C <br />