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/IV <br /> ORDINANCE NO. <br /> + lrs;iE '. _' . <br /> AN ORDINANCE creating a special improvement project entitled, <br /> "2015 Federal Overlay Project,"Fund 303,Program 102, to <br /> accumulate all costs for the improvement. <br /> WHEREAS,the City of Everett is committed to a planned street preservation program;and <br /> WHEREAS,the City of Everett has identified the need and obtained funds to construct certain <br /> preservation improvements to federal arterial street segments; and <br /> NOW, THEREFORE,THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> A special Improvement project is hereby established as Fund 303,Program 102, entitled"2015 <br /> Federal Overlay Project,"to accumulate all costs for the improvement. <br /> Section 2: <br /> Authorization is hereby given to accumulate costs and distribute payments from Fund 303, <br /> Program 102,for the improvement project. <br /> • <br /> Section 3: <br /> Authorization is hereby granted for the"Public Works Director" or"City Engineer,"under <br /> direction of the Mayor,to assume full and complete responsibility for conducting all tasks and <br /> doing all things to accomplish the actions authorized in this ordinance. <br /> Section 4: <br /> The sum of$4,800,000 is hereby appropriated to Fund 303, Program 102, "2015 Federal <br /> Overlay Project,"as follows: <br /> A. Estimated Project Costs <br /> Design and Construction $ 4,800,000 <br /> Total Estimated Cost $4.800.000 <br /> E. Source of Funds <br /> STP -Federal Funds S 1,000,000 <br /> Fund 119—Street Improvements 3,250,000 • <br /> Snohomish County-ILA 500,000 <br /> jSDO —GCA 50,000 <br /> Total Estimated 800 000 <br /> C -SL---l�ie.d Funds � —.oV .� <br /> 4 <br />