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r <br /> HAMMITT Bob <br /> From: MEDLIN Johnny R <br /> To: ETTER John F; MARTIN Vic R <br /> Cc: MORGAN Dick A; HAMMITT Bob; EVELETH Doug A <br /> Subject: RE: General Fund Capital Cash Savings <br /> Date: Thursday, January 16, 1997 12:29PM <br /> Hi John, <br /> Agreed, that is good information. <br /> A little more on that: <br /> We have a city attorney's opinion that monies from the sale of park land which was initially purchased with <br /> Park Bond monies DOES NOT have any strings attached to it due to that origin. Therefore, there is no legal <br /> requirement which says that money can't be used for something else. A moral one perhaps, but not a legal <br /> one. <br /> Thanks <br /> Johnny <br /> From: ETTER John F <br /> To: MEDLIN Johnny R; MARTIN Vic R <br /> Cc: MORGAN Dick A; HAMMITT Bob; EVELETH Doug A <br /> Subject: RE: General Fund Capital Cash Savings <br /> Date: Thursday, January 16, 1997 9:10AM <br /> The decision makers in this should also know that Gilham Park <br /> was one of the parks purchased (in 1977) with funds from the <br /> bond issue approved by voters in 1972, and not to be confused <br /> with the general fund. - -John <br /> From: MEDLIN Johnny R <br /> To: MARTIN Vic R <br /> Cc: ETTER John F; MORGAN Dick A; HAMMITT Bob; EVELETH Doug A <br /> Subject: RE: General Fund Capital Cash Savings <br /> Date: Thursday, January 16, 1997 8:37AM <br /> Hi Vic, <br /> I'm not surprised that this process has moved from an "on <br /> hold" basis to one of taking the money away. Given the <br /> impacts to come, I think we can live with it. However, I want <br /> to flag once again that the $74K of funds in the park <br /> acquisition item was that money we received from the sale of a <br /> portion of park land at Gilham which was promised to the <br /> Council and neighborhood to be reused for park acquisition in <br /> that neighborhood. <br /> If that money is going away, I need it clearly understood that <br /> when people ask what happened to their promised park we will <br /> be telling them that they lost the funds (and their park for <br /> the foreseeable future) as a part of the BM #47 strategy. <br /> Thanks <br /> Johnny <br /> From: MARTIN Vic R <br /> To: MEDLIN Johnny R <br /> Page 1 <br />