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'1011/""mili.2 <br /> ORDINANCE NO. 2555-01 <br /> AN ORDINANCE closing the special construction fund entitled"1997 Sewer <br /> Construction Fund",Fund 398 as established by Ordinance No. 2214-97. <br /> WHEREAS, the "1997 Sewer Construction Fund", Fund 398" was established to <br /> provide for the said 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 EVERETT CITY COUNCIL DOES ORDAIN: <br /> Section 1: <br /> That the special construction fund, Fund No. 398, "1997 Sewer Construction Fund", be <br /> closed. <br /> Section 2: <br /> That the final expenses and revenues for"1997 Sewer Construction Fund", Fund 398, are <br /> as follows: <br /> EXPENSES <br /> Construction Costs $6,389,170 <br /> Transfer out to Fund 401 150,875 <br /> Total $6,540,045 <br /> REVENUES <br /> Bond Proceeds from 1997 sewer bond sale $5,880,979 <br /> Investment Interest 373,147 <br /> Transfer In from Fund 401 285,919 <br /> Total $6,540,045 <br />