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, Y <br /> ORDINANCE NO. 2571-02 <br /> AN ORDINANCE closing a special improvement project entitled <br /> "Evergreen Way Local Improvement District (LID) No. 735, Pecks Drive <br /> to 52" Street," Fund 701, Program 735, as established by Ordinance No. <br /> 2209-97. <br /> WHEREAS, the special improvement project entitled "Evergreen Way Local Improvement District <br /> (LID) No. 735, Pecks Drive to 52id Street," Fund 701, Program 735, was established to provide for the <br /> 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 uncollected revenues <br /> to be received; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> That the special improvement project entitled "Evergreen Way Local Improvement District (LID) <br /> No. 735, Pecks Drive to 52"d Street," Fund 701, Program 735, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "Evergreen Way Local Improvement District (LID) No. <br /> 735, Pecks Drive to 52"d Street," Fund 701, Program 735, are as follows: <br /> A. Expenses <br /> Total Project Costs $ 1,019,176.38 <br /> Total Cost $ 1,019,176.38 <br /> B. Source of Funds <br /> TIB (State Grant) $ 713,214.00 <br /> Special Improvement Assessments $ 255,226.00 <br /> Fund 157 - Traffic Mitigation $ 50,736.38 <br /> Total Source of Funds $ 1,019,176.38 <br />