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4 <br /> ORDINANCE NO. <br /> AN ORDINANCE closing a special improvement project <br /> entitled,"East Marine View Drive-North Broadway to 1-5," <br /> Fund 303,Program 040 as established by Ordinance No.2986-07 <br /> 'WHEREAS,the special improvement project entitled"East Marine View Drive-North Broadway <br /> to 1-5,"Fund 303,Program 040,was established to provide identified improvements; and <br /> WHEREAS,the purpose of the fund has been accomplished; and <br /> WHEREAS,there are neither outstanding obligations of the fund to be paid nor uncollected <br /> revenues to be received; <br /> NOW,THEREFORE,THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> That the special improvement project entitled"East Marine View Drive—North Broadway to 1-5 " <br /> Fund 303,Program 040, as established by Ordinance No. 2986-07, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "East Marine View Drive-North Broadway to 1-5," <br /> Fund 303,Program 040, are as follows: <br /> A. Expenses <br /> Total Project Costs $12,482,692 <br /> Total Expenses $12,482,692 <br /> B. Source of Funds <br /> Federal Grant—HP-1998(021) $5,872,662 <br /> Federal Grant—HPP-9999(498) 3,149,651 <br /> State Grant—WSDOT Freight Mobility 600,000 <br /> Fund 162—CIP 4 1,000,000 <br /> Fund 119—Street Improvements 599,690 <br /> • <br /> Fund 157—Traffic Mitigation 546,851 <br /> 12 <br />