HomeMy WebLinkAbout19-86
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RESOLUTION NO. \ q - B(Q
A RESOLUTION of the City of Port Angeles
authorizing investment of City moneys
in the Local Government Investment Pool.
WHEREAS, pursuant to Chapter 294, Laws of 1986, the Local
Government Investment Pool in the State Treasury was created
for the deposit of money of a political subdivision for the
purpose of investment by the State Treasurer; and
WHEREAS, the Cityof Port Angeles does hereby find that
the deposit and withdrawal of money in the Local Government In-
vestment Pool in accordance with the provisions of this Chapter,
for the purpose of investment as stated therein, are in the best
interests of the City; and
WHEREAS, the City Manager, Director of Finance and Ad-
ministrative Services, and City Treasurer or designee have been
empowered to enter into an agreeme~t effecting investment of City
funds;
NOW, THEREFORE, BE IT RESOLVED that the City of Port
Angeles does hereby authorize the deposit and withdrawal of City
moneys in the Local Government Investment Pool in the State
Treasury in accordance with Chapter 294, Laws of 1986, for the
purpose of investment as stated herein.
BE IT FURTHER RESOLVED, that pursuant to the attached
form, the City officers specified therein shall be authorized
to order the deposit or withdrawal of money in the Local Govern-
ment Investment Pool.
PASSED by the City Council of the Cityof Port Angeles at
a regular meeting of said Council held on the 1st day of July,
1986.
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MAYOR
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Sherri L. Anderson, Acting
City Clerk
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HEHORANDUI1
June 13 I 1986
TO: City Council
~ FROM: Planning De 1
RE: Application t Grant to Construct a Portion of the
Haterfront Trail
ISSUE: Passage of a Resolution authorizing submittal of a grant
application to construct a portion of the Waterfront Trail.
BACKGROUND: Attached is a Resolution which authorizes the City
to submit a grant application to the Department of Natural
Resources for an aquatic land enhancement project to construct
the phase of the Waterfront Trail that extends from the City Pier
eastward to Francis Street. The maximum allowable application is
$75,000 from the Department of Natural Resources. A local match
of 25% is required:. that match can be appropriations, bonds,
volunteer labor, equipment and material donations, in-kind
services, and land donations. The initial application deadline
is July 1 st. The selection process then involves an in formal
review of the projects by Department of Natural Resources and
Interagency Conunittee for Outdoor Recreation staff through the
summer and early fall. The community makes a formal presentation
which is formally reviewed in October. Final selection of the
successful project applicants is made in November. Department of
Natural Resources staff work with the community in preparing the
application throughout the process.
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ACTION: The Council could entertain a motion to pass the Resolu-
tion authorizing the staff to submit an application. Staff will
be available..to respond to questions.
PDC:LF
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