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' t r <br /> r <br /> 011Vimma <br /> *414 <br /> ORDINANCE NO. 2572-02 <br /> AN ORDINANCE closing a special improvement project entitled, <br /> "Evergreen Way Local Improvement District (LID) No. 733, Madison <br /> Street to Pecks Drive," Fund 701, Program 733, as established by <br /> Ordinance No. 2303-98. <br /> WHEREAS, the special improvement project entitled, "Evergreen Way Local Improvement District <br /> (LID) No. 733, Madison Street to Pecks Drive," Fund 701, Program 733, was established to provide <br /> 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 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. 733, Madison Street to Pecks Drive," Fund 701, Program 733, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "Evergreen Way Local Improvement District (LID) No. <br /> 733, Madison Street to Pecks Drive," Fund 701, Program 733, are as follows: <br /> A. Expenses <br /> Total Project Costs $ 946,984.16 <br /> Total Cost $ 946,984.16 <br /> B. Source of Funds <br /> TIB (State Grant) $ 650,672.00 <br /> Special Improvement Assessments $ 234,610.00 <br /> Fund 157 - Traffic Mitigation $ 61,702.16 <br /> Total Source of Funds $ 946,984.16 <br />