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ORDINANCE NO. 4008-24 <br />An Ordinance Amending Ordinance No. 3779-20, as amended, entitled “Everett Municipal Building – <br />Public Works Tenant Improvement Project”, Fund 342, Program 42 & 43, Fund 336, Program 015 to <br />Accumulate All Costs for the Project. <br />WHEREAS, <br />A.Ordinance No. 3779-20 was established to fund schematic design. <br />B.Ordinance No. 3930-23 amended Ordinance No. 3779-20 and was established to fund full design <br />of the project. <br />C.The City Council recognizes the need for additional funding to complete the construction and <br />project costs of the project. <br />D.The City plans to issue limited tax general obligation (LTGO) bonds in 2025. The bond proceeds <br />will be used to repay the interfund loan from Water and Sewer Utility Fund 401. <br />E.The City Council recognizes investments must be made to the Everett Municipal Building’s core <br />and shell to preserve and update the facility. <br />NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br />Section 1. Section 1 of Ordinance No. 3779-20, which reads as follows (as amended by Ordinance No. <br />3930-23): <br />The estimated cost of the design is $4,000,000. <br />Be and the same is hereby amended to read as follows: <br />The estimated total cost of the project is $36,000,000 including costs related to design, <br />construction, and project costs. <br />Section 2. Section 4 of Ordinance No. 3779-20, which reads as follows (as amended by Section 2 of <br />Ordinance No. 3930-23):