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Item 15 - Ratification of Warrant Register
- - (( AGENDA REPORT .. CITY OF POWAY This report is included on the Consent Calendar. There will be no separete discuuion of the report prior to epprovel by the City Council unless members of the Council, stelff or public request it to be removed from the Consent Calendar and discussed separ8tely. If you wish to h8Ve this report pulled for discussion. please fill out a slip Indicating the report number and give it to the City Clerk prior to the beginning of the City Council meeting. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * TO: Honorable Mayor and Members~e City Council FROM: James L. Bowersox, City Man INITIATED BY: Peggy Stewart, Director of Administrative Services I) , DATE: March 23, 1993 SUBJECT: Ratification of Warrant ReQister -- March 4. 1993 BACKGROUND The following register is submitted for your ratification: OATE AMOUNT March 4, 1993 $1,244,517.31 JLB:PAS:eg Attachment: 1) Warrant Register -- March 4, 1993 C:\WP51\WARRANT,AGN ACTION: 1 of 8 --- c, ,'c ~c "C, , , ,c, ,~, f-,-,f" ~"" ~,,_:_!', ,~o .,., ~.,," ~.,-,~,l>>,.--o-:.:-;-~'~c-::'~. . --_._~------- - -' ----------+ ---;-_.. .._---~._- -_.._------~ ----.--~---;----,-. ~ E .. .. 1("'1 ~ ~~ ~ ~~ ~~~~ I~ ~ ~~~~~~~ ~ .~ ~~~~~~~ ~,~ ~ ~~ ~ ~~ ~~~,~,~ ~~~~~~~ ~ ~ -~~~~~~ ~ ~~ ~ ~~ ~ ~~ ~~~~ ~ ~ ~~~~~~~ ~ ~ ~~~~~~~'. ~~ NN ~ __ ~___ ~ 1_ _OOOOvC 0 0 o~~a~~v Z ~ ....0 .0 a,~ l7'\J',,,p...... N ,,. O..oa...cP''.A....... I~ ......."'<11..110'""1>> ~ ....Q I ~~ i '" ..... <<"< m"tl I ' QOQ;ooO I I -- at " I 000 0:>>- . ff"~ ~~ I "",,, I JOe I ' I C.... 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I CITY OF POWAY ThIS report 15 Included on the Consent Calendar There will be no separate diScussion of the report prior to approval b~ the City Council unless members of the Councd, staff or pubhc request It to be removed from the Consent Calendar and dIscussed separately If you wish to have thiS report pulled for dIscussIon, please fill out a slip mdlcating the report number and give it to the City Clerk prior to the beginning of the City Council meeting. TO: Honorable Mayor and Members of the City Council FROM: James L. Bowersox, City Man~ INITIATED BY: Robert L. Thomas, Director of Community Services ~ Michael J. Putnam, Performing Arts Manager OATE: March 23, 1993 SUBJECT: Loan Guarantee Extension - ARTS ALIVE! Foundation ABSTRACT The ARTS ALIVE! Foundation Board of Directors is requesting that the City of Poway extend for an additional 12 month period an existing loan guarantee in the amount of $25,000 allowing the Foundation to draw down a~ needed on a line of credit in that amount at San Diego Trust and Savings. BACKGROUND The City Council has previously acted to provide a loan guarantee in the amount of $25,000 to allow the Foundation to have access to sufficient working capital to plan and conduct its activities. The current loan guarantee expires on March 28, 1993. FINDINGS The ARTS ALIVE! Foundation is planning a major fund-raising event on May 1, 1993. The requested loan guarantee renewal is a prudent request allowing the Foundation access to required working capital. FISCAL IMPACT No immediate impact as funds set aside for this guarantee would remain in the City's investment portfolio. Should the ARTS ALIVE! Foundation default on its $25,000 line of credit, the City would be liable for the amount of the default plus interest due. ENVIRONMENTAL IMPACT REVIEW Not applicable. r ACTION, 1 of 2 Agenda Report March 23, 1993 Page 2 PUBLIC NOTIFICATION AND CORRESPONDENCE ARTS ALIVE! Foundation Board of Oirectors. RECOMMENDATION It is recommended that the City Council approve the extension of the existing loan guarantee of $25,000 to the ARTS ALIVE! Foundation for another 12 months. JLB:RLT:sf MAR 2 3 1993 ITEM 16 2 of 2