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<br />''� r' 12GSOLU'1I0:: - (G3 327-10�
<br />.1:111O7C7 l�� ��ri,:
<br />� , :r
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<br />hiove�3 k�y Councilman Ovcrstroct, secon�i��:; by �ow�ciLn�ui Gipson, to
<br />adopc i c:;ul�cion r�o. 2a39 as foll.ok•s:
<br />li
<br />A RESOLUTSODI authori;.iny the City 'Preasurer to
<br />I;orrow money f.or thosc Punds requi.ri �ig temE�or.�iry
<br />operati.ng cash.
<br />h�IIliRIiAS, Re��enues are not remitted to Lhe Ci.Ly in even monthl.y
<br />increments, tllereby contriLutinq to the de��let.ion of available cash,
<br />and,
<br />i4HL.RIiAS, Eact� Fnnd is required b}� State laca to remain financially
<br />solvent, i.t becntnes nece,sary to borrrn•: c�sh from other solvent Funds,
<br />or issue intcrest bearing �aar.rants, in order to compl}' with th� intenL
<br />of Chc la�..
<br />lvIi13REAS, it is reyuired of the CiCy 'Preasurcr to obtain City Council
<br />a}>�>.oval to make interfund loans, or i:;sue intcrest bearing warrants,
<br />NOl9, THliItEFORE, 1313 I'P RLSOLVI•:D by the City Council ot the CiC}• of
<br />1Sverett, that author..izati.on is �7iven Ca t:he City 'Preasurer lo tnal:e
<br />interfund loans, or. issue interest Uearinq t•;arrants, f.or thc followiny
<br />Fund°, under the (:olloi�;inq terms znd conditions:
<br />i,o��t: Pt:om: Ci.t;� oP Lverett Setuer. or l9ater flond
<br />r��scrve funds, or. Ci_ts oE EveretC
<br />t,.I.D. yu�ranty f.wui, or at a
<br />rc.r:sonnble cate o[ i.nLeresL wit11
<br />local bnnks.
<br />Pcr.ioc3 0: Lnnn: Janunry l, 19f12 through December 3, 1982
<br />Ratc of intcrest: G.50� or ��s neyotiated with loca]. bnrk;.
<br />Source of Itepayment
<br />I,oan;; to, ar�d
<br />li�_li.inated Wcc�;:
<br />L'to��crl�� TZ�:.
<br />Par]:s ., Recruatinn
<br />Li 1,�',u ,i
<br />.;t-r�,-ci_
<br />Police YeRsinn
<br />'1'O'PAT.
<br />1?c�l.l �;;�:; callc�l i;ith nll Crninc�l.men voCi.ng yr:�..
<br />'�inti��n Carri-c��_'
<br />•—� Di'::•tOLI'1'TOid I�TS;)l,i�'PIO;1 _ (CB il'L-11)
<br />° 699,Oq�i
<br />741.,000
<br />990,DQ0
<br />StiC,,500
<br />— - -� 49G, SqU
<br />,l,�mes 11. tiin-nl] , of 43Q5 172nd S.1�7. , 1,; nn•„uo�l, o�aner or.' th�� property at
<br />1�7.0 Ruc)ccr, nsked Council f:or � ti_me extension before acLi.on is
<br />tnkrn as he h.i, been negoC.iaCing wiCh sevcral people who would li.Y.e
<br />L�� purchase the I�roperly.
<br />tt.u�i;zn Dent-, 13ii.il�lin9 Inspector, g�ve �i brief bac}:ground of this
<br />i�roperCy ;ahich ha= becn vacanl- Lor .���in-oximat:ely 3 years. Shc said
<br />?1r. 19ure11 h:�s refused to accept �iny con-espundence sent out by t_he
<br />iiuilding Uenartment, except the originnl noLice senC oul in nE,ril, 1930
<br />7'he structure i.s detcriorated, unsecured, uni.nhabitahle in it-s present;
<br />a�n�lition and .i l�iiblic hazar<i. Shc �-nid t_}ic f�ui.ldin�, Dc�rn'tment ti�ould
<br />L:� willing to �hold oft c�17.i n'-I ::�r l�.i�l ::_, r�,„�_�l i tinn `or a L�:�o wee}:
<br />i;erio� Co wort: �.:it�.h I4r. f3urcli.
<br />. . .-.. �- 1��` -.r-c' ... - . `
<br />. �!":.^� �-��.` -*�.
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