Loading...
HomeMy WebLinkAboutRes1990-068 . . . Sponsored by: Schaefermeyer CITY OF SEWARD, ALASKA RESOLUTION NO. 90-068 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, AUTHORIZING THE EXPENDITURE OF EXCESS REVENUE SHARING FUNDS BY SEWARD GENERAL HOSPITAL WHEREAS, the Fiscal Year 1990 Hospital included excess Revenue Sharing Funds totalling city's contributions to the Hospital Fundi and Operating Budget $50,028 within the WHEREAS, use of these funds was restricted to repayment of any loans made to the Hospital by the city: and WHEREAS, it is estimated that the Hospital will owe the city approximately $75,211.37 as of June 30, 1990: and WHEREAS, at its meeting of June 21, 1990, the Community Hospital Board approved a request to the City Council for autho- rization to apply the above cited excess Revenue Funds to the balance owed the citYi NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The $50,028 of excess Revenue Sharing Funds identified in the Fiscal Year 1990 Hospital Operating Budget for repayment of loans from the city to the Hospital is hereby released for the purpose of applying this sum to the Hospital's outstanding debt to the city. Section 2. This resolution shall take effect immediately upon its adoption. PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 25th day of June, 1990. THE CITY OF SEWARD, ALASKA ~I'~ W~l ~am C. Nol , Mayor '- AYES: NOES: ABSENT: ABSTAIN: NOLL, BURGESS, DUNHAM, HILTON, MEEHAN, SIEMINSKI, SIMUTIS NONE NONE NONE -1- . CITY OF SEWARD, ALASKA RESOLUTION NO. 90-068 ATTEST: . . (City Seal) APPROVED AS TO FORM: Perkins Coie, Attorneys for the city of Seward, Alaska ?~N~ Fred B. Arvidson City Attorney -2-