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4 <br /> RESOLUTION No. <br /> Resolution authorizing the City to disburse funds to the Downtown <br /> Everett Association from the City's current BIA balance in the amount of <br /> $74,408.84. <br /> WHEREAS, over the past two years the monthly expenditures for the BIA have been <br /> paid from a balance which the Downtown Everett Association had in its account but now <br /> the current balance is insufficient to pay for the current expenses of cleaning and <br /> maintenance; and <br /> WHEREAS,the City has a balance in its BIA assessment account sufficient to fund the <br /> Downtown Everett Association's expenditures to carry on its cleaning and maintenance <br /> functions in the BIA downtown area but needs City Council authorization for <br /> disbursement to the Downtown Everett Association; and <br /> WHEREAS,this authorization will cover the interim period from the month of April, to <br /> the end of 2005 and further, it is anticipated that sometime during that period,the work <br /> redefining the area and assessment base of the BIA will be finished and a revised BIA <br /> Resolution, Ordinance and Assessment will be ready for City Council consideration; <br /> THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> EVERETT: <br /> The Finance Department is authorized to disburse from its BIA account its <br /> balance in the amount of$74,408.84 for the month of April through the end of the <br /> year 2005. <br /> Passed and approved this 20th day of April, 2005. <br /> Councilperson Introducing Resolution <br /> Council President <br /> 13 <br />