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<br /> . <br /> e <br /> June 5, :985 <br /> TO: City Councll <br /> FROM: Warren G. Wong, Fin~nce Director <br /> SUBJECT: ~inance Resolutions <br /> The iollowlng ~wo resolutions are requlred ~o implemen~ the FY86 Budget <br /> and to modify banking relationships for the new insurance carrier. <br /> The resolutions are: <br /> , Approve lssuance oi S5 million oi Tax Anticipation Notes to First <br /> - . <br /> Interstate Bank oi Oregon. who submitted a low bid oi $290.750: <br /> interest rate oi 5.625%. <br /> 2. Au~horize first Interstate Bank oi Oregon to honor debits initiated <br /> jy Automated Clearing House ~o accomodate the claims processing by <br /> e Northwest National Life Insurance Company, the Clty'S new lnsurance <br /> '=~rrier. <br /> cc: :1. Gleason <br /> D. Whi How <br /> M. Albrich <br /> Attachments - 2 <br /> e <br />