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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 3 <br /> PROJECT TITLE: �� <br /> An Ordinance creating a Briefing COUNCIL BILL# `t(�? <br /> special improvement project Proposed Action Originating Department Public Works <br /> entitled, "112th St S.E.—Silver Consent Contact Person Ryan Sass <br /> Lake Road to SR 527",Fund Action Phone Number (425)257-8942 <br /> 303,Program 076, and First Reading FOR AGENDA OF April 2,2014 <br /> repealing Ordinance No. 2934- Second Reading <br /> 06 Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> 112th St SE—Silver Lake Change Order#4 3/12/14 Proposed Ordinance Public Works, Admin <br /> Road to SR 527 <br /> Amount Budgeted $5,359,128 <br /> Expenditure Required $4,100,000 Account Number(s):PW 3256,Fund 303 <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The City of Everett was awarded a federal grant and a state grant for the design and construction of <br /> improvements on the 112th Street corridor. <br /> No additional budget is required. This amending ordinance is needed due to the shift of available grant funds <br /> and local sources. <br /> The funding sources for this project are: <br /> TIB—State Grant $2,278,335 <br /> STPUL—Federal Grant 501,090 <br /> Fund 157—Traffic Mitigation 1,070,575 <br /> Fund 158—Boeing Mitigation 250,000 <br /> Total Funds $4,100,000 <br /> RECOMMENDATION(Exact action requested of Council): <br /> Adopt an ordinance creating a special improvement project entitled,"112th Street S.E.—Silver Lake Road to <br /> SR 527", Fund 303,Program 076, and repealing Ordinance No. 2934-06. <br /> 5 <br />