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R2013-55 APPROVING CITY TO ENTER INTO A TEMPORARY CASH ADVANCE AGREEMENT WITH THE LIBRARY BOARD
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R2013-55 APPROVING CITY TO ENTER INTO A TEMPORARY CASH ADVANCE AGREEMENT WITH THE LIBRARY BOARD
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8/17/2015 4:42:07 PM
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8/17/2015 4:42:06 PM
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Resolution/Ordinance
Res Ord Num
R2013-55
Res Ord Title
APPROVING THE CITY TO ENTER INTO A TEMPORARY CASH ADVANCE AGREEMENT WITH THE DECATUR PUBLIC LIBRARY BOARD OF TRUSTEES
Department
Finance
Approved Date
6/3/2013
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in the development of such financial plan with participation to be agreed by the City and the <br /> Library. Such financial plan will be completed by September 1,2013. <br /> The temporary cash advance loan conditions will terminate upon Library settlement of the cash <br /> loan advances to the City. <br /> The agreement includes language whereby the agreement may be extended upon discussion <br /> and agreement of the City and the Library Board of Trustees with conditions to be established at <br /> the event of consideration of agreement extension. <br /> POTENTIAL OBJECTION: <br /> There are no known objections to this resolution request. <br /> INPUT FROM OTHER SOURCES: <br /> No input from other sources. <br /> STAFF REFERENCES: <br /> Gregg D. Zientara, City Treasurer&Director of Finance <br /> Ryan P. McCrady, City Manager <br /> BUDGET/TIME IMPLICATIONS: <br /> Council approval will allow the Decatur Public Library to continue operations. <br /> council letter.doc Page 2 of 2 <br /> 132 <br />
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