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<br /> . July 23, 1980 ,
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<br /> Mayor �foore stated he has asked his Administrative Asszstant to research !
<br /> �ohether or not the City of. Bverett is receiving more than its share of
<br /> tY:.is type of facility in the County.
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<br /> ldc:ved by Councilman Pope, seconded by Councilman Langus, to table the
<br /> r<:quest for this Special Property Use Permit until a list is available �
<br /> s1��owing different facilities and locations in the City of Everett. �
<br /> Rc�ll was called with Councilmen Pope and La�igus votin9 yes, and Council-
<br /> mc:n Gipson, Baker, P9ichelson, Aldcroft and Overstreet voting no.
<br /> ,�fotion F'ailed
<br /> Roll was ca?.led on the motion to grant the Special Property Use Permit tc �
<br /> ^ahirty Four Oakes Fellowship with all Councilr�en voting yes, except
<br /> C��uncilmen Pope and Langus, o�ho voted no.
<br /> Motion Carried
<br /> RESOLUTION - (CB 807-315)
<br /> Movei3 by Councilman Gipson, seconded by Councilman Pope, to adopt. Reso-
<br /> lution No. 1821 as follows:
<br /> A RESOLDTIUPd authorizin9 .the City Treasurer to borrow
<br /> money for �hose Funds requiring temporary operating cash.
<br /> Z�IHEREAS, Revenu�s �re nnr r.emitred to thn City in even monthly incre-
<br /> rtients, thereby contributing to the depletion of available cash, a.nd
<br /> WHf1REAS , Each Pund is required by State law to remain financially
<br /> ;;olverit, it becomes ne�essary to Uorrow cash from other solvent F'unds,
<br /> or is;sue interest bearing warrants, in order to comply with the i.ntent
<br /> of the law,
<br /> WF.EREAS, it is required of the City Treasur.er to obtain City C:ouncil
<br /> approval to make interfund loans, or issue i.nter.est bearing warr<<nts,
<br /> NOW, THERGFOItE, BE IT RESOLVL•'D by the City Council of the Cit�� of
<br /> L'verett, that authorization is given to the City Treasurer to is:;ue
<br /> interest bearing warr.ants, for the followi.ng Funds under the fol].owing
<br /> terms and conditions:
<br /> Loan From: F'rontier IIank $ 3i)0, 000 . 00 max:imum
<br /> Olympi.c I�ank 1, 140, 000. 00 maximui�
<br /> Period of Loan: July 23, 1980 thrit December 31, 1980
<br /> Rate of Interest: Frontier IIank 6.48�
<br /> Olympic IIanY. 6. 568
<br />� Source of Repa�/ment: Property Tax and Flalf Cent Sales Tax
<br /> I Loans to & Nnount : General Funci $ 400, 000
<br /> Parks & Recreation 265, 000
<br /> Library 200, 000
<br /> Street 230 , 000
<br /> Park Constr.uction 175, 000 ,
<br /> I Everpark t;arage 25, 000
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<br /> Police Penaion 1 5,
<br />� , TUTAL $ 1,440, 000
<br /> I II Roll was c�lled with all Councilmen votin� yes, except Councilmen IIaker
<br /> and AldcrofC, who abstained from voting .
<br /> I:u l_ic�n C.u'r � ���1
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