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wIWEREAS, the levy proposed for collection in the year 1988 is <br /> estimated to produce at least $696, 069 in the City's Park District <br /> Bond Fund at the June 30, 1988, final settlement and distribution of <br /> taxes, which amount will equal or exceed the principal and interest <br /> cost of making a temporary loan for the Park District Bond Fund; and <br /> WHEREAS, the Controller has represented and the Common Council <br /> now finds that there will be insufficient funds in the Park Main- <br /> tenance Fund to meet the current expenses of the City payable from <br /> such Fund prior to the final June 30, 1988, distribution of taxes <br /> levied for such Fund and hereby authorizes the making of a temporary <br /> loan to procure the funds necessary, in combination with other avail- <br /> able funds, to meet such current expenses for such Fund for such <br /> period and to pay the necessary costs in connection with the issuance <br /> and sale of tax anticipation time warrants to evidence such temporary <br /> loan; and <br /> WHEREAS, the Common Council now finds that a temporary loan for <br /> the Park Maintenance Fund for such purposes should be made and that <br /> such tax anticipation time warrants should be issued and sold, sub- <br /> ject to the terms and conditions set forth herein and all in accor- <br /> dance with the provisions of Indiana law; and <br /> WHEREAS, the levy proposed for collection in the year 1988 is <br /> estimated to produce at least $1, 629, 000 in the City's Park Main- <br /> tenance Fund at the June 30, 1988, final settlement and distribution <br /> of taxes, which amount will equal or exceed the principal and in- <br /> -3- <br />