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ORDINANCE NO. 2 3 5 3—9 8 <br /> AN ORDINANCE closing the special construction fund entitled"Alverson Bridge",Fund 384 as <br /> established by Ordinance No. 2004-94. <br /> WHEREAS,the "Alverson Bridge",Fund 384 was established to provide for the said <br /> 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 EVERETT CITY COUNCIL DOES ORDAIN: <br /> Section 1: <br /> That the special construction fund,Fund No. 384, "Alverson Bridge",be closed. <br /> Section 2: <br /> That the final expenses and revenues for"Alverson Bridge",Fund 384, are as follows: <br /> EXPENSES <br /> Construction Costs $6,858,220 <br /> Residual Equity Transfer Out 3,491 <br /> Total $6,861,711 <br /> REVENUES <br /> WSDOT Grants $2,319,918 <br /> Port of Everett 4,291,979 <br /> Investment Interest 3,491 <br /> Transfer In from Fund 301 141,489 <br /> Transfer In from Fund 120 104,834 <br /> Total $6,861,711 <br />