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ORDINANCE NO. 4119-25 ________ <br />An ORDINANCE closing a special improvement project entitled “41st Street to West Marine View Drive <br />Corridor Improvements” Fund 303, Program 091, as established by Ordinance No. 3468-15. <br />WHEREAS, <br />A.The special improvement project entitled “41st Street to West Marine View Drive Corridor <br />Improvements” Fund 303, Program 091, 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 “41st Street to West Marine View Drive Corridor <br />Improvements” Fund 303, Program 091, as established by Ordinance No. 3468-15 be closed. <br />Section 2. The final expenses and revenues for the “41st Street to West Marine View Drive Corridor <br />Improvements” Fund 303, Program 091 are as follows: <br />A.Expense <br />Design and Construction $3,974,088 <br />Remaining Balance Transfer to Fund 119 290,960 <br />Remaining Balance Transfer to Fund 303 Program 123 118,614 <br />Total Expenses $4,383,662 <br />B.Source of Funds <br />Federal Grant – STPUL $1,762,702 <br />State Grant – Connecting Washington 1,500,000 <br />Port of Everett 430,000 <br />Freight Mobility Strategic Investment Board 400,000 <br />Fund 119 – Street Improvements 290,960 <br />Total Funds $4,383,662 <br />Section 3. There are no financial transactions remaining.