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ti <br /> " • <br /> ORDINANCE NO. 2501-00 <br /> AN ORDINANCE amending Sections 5 and 7 of Ordinance 2452-00 increasing <br /> the total estimated cost and appropriation for the special construction fund entitled <br /> "Parks Capital Construction Projects" Fund 354, authorizing the design and <br /> construction of various park improvements funded through this fund. <br /> WHEREAS, Ordinance No. 2452-00 increased the total estimated cost and appropriation for the <br /> special construction fund entitled"Parks Capital Construction Projects" Fund 354; and <br /> WHEREAS, the City of Everett Parks and Recreation Department requires additional funding to <br /> complete the project based on recent cost estimates and has experienced increased costs due to <br /> unanticipated environmental hazards; and <br /> WHEREAS, the Everett City Council wishes to continue with the construction on these park <br /> improvements; and <br /> WHEREAS, Ordinance No. 2452-00 must be amended to appropriate additional funding; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> That Section 5 of Ordinance No 2452-00, reads as follows: <br /> The sum of$7,234,919 is hereby appropriated to Fund 354. "Parks Capital Construction <br /> Projects" as follows: <br /> A. Estimated Project Costs <br /> Preliminary Engineering, Design, <br /> and Construction $7,234,919 <br /> Total Estimated Cost $7,234"919 <br /> B. Source of Funds <br /> Intergovernmental Revenue $ 57,672 <br /> Fund 162—Capital Projects Reserve Fund $ 829,000 <br /> Private Contribution from Everett Resident $2,000,000 <br /> Fund 154—Real Estate Excise Tax Fund $4,348,247 <br /> Total Estimated Funds $7,234,919 <br /> be and the same is hereby amended to read as follows: <br /> The sum of$7,827,756 is hereby appropriated to Fund 354, "Parks Capital Construction <br /> Projects" as follows: <br />