HomeMy WebLinkAboutRes1990-068
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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
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W~l ~am C. Nol , Mayor '-
AYES:
NOES:
ABSENT:
ABSTAIN:
NOLL, BURGESS, DUNHAM, HILTON, MEEHAN, SIEMINSKI, SIMUTIS
NONE
NONE
NONE
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 90-068
ATTEST:
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(City Seal)
APPROVED AS TO FORM:
Perkins Coie, Attorneys for the
city of Seward, Alaska
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Fred B. Arvidson
City Attorney
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