Speaker 6: Agenda Item eight Council Bill 118474 relating to the North Precinct Project and the Department of Finance and Administrative Services amending ordinance 124648, which adopted the 2015 budget authorizing the loan of funds from the city's consolidated residual cash pool or its participating participating funds in the amount of 2,750,000 to the 2016 Bond Fund for bridge financing of the North Precinct Project establishing a budget control level in the 2016 Multipurpose Let's Go Bond Fund increasing 2015 appropriations of 1,500,000 in the 2016 and the 2016 Multipurpose Go Bond Fund and ratifying and confirming certain prior acts all by a three fourths vote of the City Council. The committee recommends the Council bill pass.
Speaker 0: Thank you, Councilmember Gordon.
Speaker 8: Council Bill 1184785 is a bridge loan for the North Precinct Project. The loan is for 2.75 million and increases the 2015 appropriation of 1.5 million in the 2006 Multipurpose LTG o fund and will be repaid by 2016. LTG o bond. We urge passage.
Speaker 0: Thank you. Questions or comments? Please call the role on the passage of the bill.
Speaker 1: I got in, Carol. I O'Brien.
Speaker 5: Hi.
Speaker 1: Okamoto. Rasmussen. I want back here. I am President Burgess. Eight in favor. Nine opposed.
Speaker 0: The bill passes and the chair will sign it. Please read items nine and ten.
Speaker 6: Agenda items nine and ten appointment 179 an appointment 178. The appointment of Marissa 810 Ameera as members Seattle Music Commission for a term of confirmation two May 1st, 2018 and the reappointment of Douglas Araf as member Museum Development Authority Council for Term of Confirmation to July 12, 2018.
AN ORDINANCE relating to the North Precinct project in the Department of Finance and Administrative Services; amending Ordinance 124648, which adopted the 2015 Budget; authorizing the loan of funds from the City’s Consolidated (Residual) Cash Pool, or its participating funds, in the amount of $2,750,000, to the 2016 Bond Fund for bridge financing of the North Precinct  project; establishing a budget control level in the 2016 Multipurpose LTGO Bond Fund;  increasing 2015 appropriations of $1,500,000 in the 2016 Multipurpose LTGO Bond Fund; and ratifying and confirming certain prior acts; all by a 3/4 vote of the City Council.