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<br /> <br /> <br /> <br /> <br /> <br />ORDINANCE NO. ________ <br /> <br />An ORDINANCE closing a special improvement project entitled “Silver Lake Trail”, Fund 354, Program <br />075, as established by Ordinance No. 3886-22. <br /> <br />WHEREAS, <br /> <br />A. The Silver Lake Trail, Fund 354, Program 075 was established to provide for the accumulated costs <br />of design, permitting and construction of a multi-use trail. <br /> <br />B. The purpose of the fund has been accomplished. <br /> <br />C. There are neither outstanding obligations of the fund to be paid nor uncollected revenues to be <br />received. <br /> <br />NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> <br />Section 1. That the special construction fund, Fund No. 354, Program 075, Silver Lake Trail be closed. <br /> <br />Section 2. That the final revenues and expenses for Silver Lake Trail, Fund 354, Program 075, are as <br />follows: <br /> <br />REVENUES <br /> CIP 3 $ 1,000,000 <br /> Fund 145-Street & Alley Vacation $ 250,000 <br /> Snohomish County Grant—REET 2 $ 80,000 <br /> Total $ 1,330,000 <br />EXPENSES <br /> CIP 3 $ 701,656 <br /> Fund 145-Street & Alley Vacation $ 250,000 <br /> Snohomish County Grant—REET 2 $ 80,000 <br /> Transfer to CIP 3 $ 298,344 <br /> Total $ 1,330,000 <br /> <br />Section 3. That the remaining balance of $298,344 to be transferred to CIP 3. <br /> <br />Section 4. The City Clerk and the codifiers of this Ordinance are authorized to make necessary