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ORDINANCE NO. ________ <br />An ORDINANCE closing a special improvement project entitled “Fleming St. Bicycle Corridor” Fund <br />303, Program 124, as established by Ordinance No. 3858-21. <br />WHEREAS, <br />A.The special improvement project entitled “Fleming St. Bicycle Corridor” Fund 303, Program 124, <br />was established to provide for identified improvements. <br />B.The purpose of the project has been accomplished and there are neither outstanding obligations <br />to be paid nor uncollected revenues to be received. <br />NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br />Section 1. The special improvement project entitled “Fleming St. Bicycle Corridor” Fund 303, Program <br />124, as established by Ordinance No. 3858-21 be closed. <br />Section 2. The final expenses and revenues for the “Fleming St. Bicycle Corridor” Fund 303, Program 124 <br />are as follows: <br />A.Expense <br />Design and Construction $ 512,037 <br />Remaining Balance Transfer to Fund 119 30,437 <br />Total Expenses $ 542,474 <br />B.Source of Funds <br />Federal Grant - CMAQ $432,474 <br />Fund 119 – Street Improvements 110,000 <br />Total Funds $542,474 <br />Section 3. There are no financial transactions remaining. <br />Section 4. The City Clerk and the codifiers of this Ordinance are authorized to make necessary <br />corrections to this Ordinance including, but not limited to, the correction of scrivener’s/clerical errors, <br />references, ordinance numbering, section/subsection numbers, and any internal references. <br />4063-24