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• <br /> 'fieriMi- <br /> ORDINANCE NO. 2409-99 <br /> AN ORDINANCE closing the"Railroad Tunnel <br /> Subsidence Repairs",Fund 343 as established by <br /> Ordinance No. 1672-90. <br /> WHEREAS, the "Railroad Tunnel Subsidence Repairs", Fund 343 was established to <br /> provide for the said repairs and 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 <br /> uncollected revenues to be received; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN:, <br /> Section 1: <br /> That the"Railroad Tunnel Subsidence Repairs", Fund 343 be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "Railroad Tunnel Subsidence Repairs", Fund <br /> 343 are as follows: <br /> A. Expenses <br /> Total Construction Costs $ 22,824 <br /> Residual Equity Transfer Out—General Fund $ 59,943 <br /> Residual Equity Transfer Out -Utilities $ 59.098 <br /> Total Cost $141,865 <br /> B. Revenues <br /> Settlement-Burlington Railroad $ 65,000 <br /> Fund 401 -Utilities $ 33,334 <br /> Interest Earnings $ 43,531 <br /> Total Funds $141,865 <br />