Laserfiche WebLink
-6- <br /> Mr. Childs and the Finance Director were urged to attend one of the <br /> meetings to explain the new program which the League intends to <br /> schedule in the near future at various metropolitan sites. <br /> Councilmember Ranallo also suggested an amendment of the wording of <br /> Resolution 87-005 designating the official depository for City funds in <br /> 1987 which would allow City funds' which are not deposited in the <br /> official depository to be invested in institutions other than banks. <br /> The Council accepted -the change in wording when they approved the <br /> resolution later in the agenda. <br /> COUNCIL INDICATES CHOICE OF NAME FOR NEW NBA BASKETBALL TEAM <br /> Mr. Childs had distributed copies of the January 7th letter which <br /> sought the Council' s vote on a name for a Minnesota team if the NBA <br /> grants a franchise for such a team.in April, 1987. <br /> Council Action <br /> Motion by Ranallo, seconded by Enrooth to indicate. the Council prefers <br /> the name "Timberwolves" for' the new , NBA basketball team if such a <br /> franchise is granted. <br /> Voting on the motion: <br /> Aye: Ranallo, Enrooth, Sundland, Marks <br /> Nay: Makowske <br /> Motion carried. <br /> City Seeking Applicants for Committee Positions <br /> Mr. Childs advised -that he had reported two openings on the Chemical <br /> Abuse Awareness Advisory Committee and another on the Eastside Hennepin <br /> County Community Service Council in the "Newsletter" which was <br /> scheduled to go out with the water bills that week. He wanted the <br /> Council and Bulletin and Northeaster newswriters - to also be aware of <br /> the openings. His suggestion that he contact the unsuccessful <br /> candidates for membership on the Planning Commission met with Council <br /> approval. <br /> Reduction of Liquor Funds Transfer Approved <br /> Mr. Childs had distributed copies of his January 12th memorandum <br /> recommending $250,000 rather than the $300,000 projected in the 1986 <br /> budget be transferred from the Liquor Fund to the General Fund. As his <br /> memorandum had advised, the City Manager reiterated that no more was <br /> needed to balance the General Fund and by retaining $50,000 for <br /> operating funds in the Liquor Fund a more realistic balance between <br /> revenues and fund transfers would be maintained. <br /> Councilmember Ranallo agreed that there was no need to deplete the <br /> • Liquor Fund just when there are more operating costs connected to new <br /> liquor operations that the $50,000 could be invested until needed. <br />