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System Access Fund Project Agreement Page 13 of 29
<br /> GA 0162-22
<br />Exhibit C: Project Funding Plan
<br />The funding source for this project includes $1.9 million in Sound Transit System Access funds. The City
<br />of Everett will be committing a 14% match of approximately $266,000.
<br />The following table and chart show the estimated project funding plan, including the total funding plan,
<br />City of Everett staff labor funding plan, and estimated construction funding plan. Note that the City of
<br />Everett staff funding plan for January 2023 includes staff time spent on the project for all of 2022. The
<br />construction funding plan is estimated based on the proposed ad date and project schedule in Exhibit E.
<br />Project funding plan
<br /> Total planned COE Staff Construction
<br />Jan-23 $ 63,803 $ 63,803 $ -
<br />Feb-23 $ 67,606 $ 67,606 $ -
<br />Mar-23 $ 68,584 $ 68,584 $ -
<br />Apr-23 $ 71,678 $ 71,678 $ -
<br />May-23 $ 76,612 $ 76,612 $ -
<br />Jun-23 $ 427,685 $ 81,545 $ 346,140
<br />Jul-23 $ 1,055,670 $ 86,479 $ 969,191
<br />Aug-23 $ 1,506,141 $ 86,968 $ 1,419,172
<br />Sep-23 $ 1,506,630 $ 87,458 $ 1,419,172
<br />Oct-23 $ 1,507,119 $ 87,947 $ 1,419,172
<br />Nov-23 $ 1,957,663 $ 88,509 $ 1,869,154
<br />Dec-23 $ 2,166,000 $ 89,163 $ 2,076,837
<br />Jan-24 $ 2,166,000 $ 89,163 $ 2,076,837
<br />$0
<br />$500,000
<br />$1,000,000
<br />$1,500,000
<br />$2,000,000
<br />$2,500,000 Project funding plan
<br /> Total planned COE Staff Construction
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