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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> FROM: Sharon Provos, Finance Director <br /> <br />DATE: December 13, 2018 <br /> <br />RE: Interfund Loan Resolution <br /> <br />Attached is a resolution approving an interfund loan from the General Fund (101) to the Economic <br />Development Fund (105). The interfund loan is necessary because Fund 105 does not have a large <br />enough fund balance to cover the reimbursement payments outlined in the Disbursing Agreement <br />between the City and 93 West, LLC, approved by the City Council on July 11, 2018. Staff <br />recommends approval of the interfund loan. <br />