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,•1/4441/ <br /> ORDINANCE NO. 3376-14 . <br /> AN ORDINANCE closing a special improvement project <br /> entitled, "112th Street S.E., 3`d Avenue S.E. to I-5", Fund <br /> 303, Program 060 as established by Ordinance No. 3035-07 <br /> WHEREAS,the special improvement project entitled"112th Street S.E., 3`d Avenue S.E. to I-5", <br /> Fund 303, Program 060, was established to provide identified 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 <br /> revenues to be received; <br /> NOW, THEREFORE,THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> That the special improvement project entitled "112`h Street S.E., 3`d Avenue S.E. to I-5", Fund <br /> 303, Program 060, as established by Ordinance No. 3035-07, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "112`h Street S.E., 3rd Avenue S.E. to I-5", Fund <br /> 303, Program 060, are as follows: <br /> A. Expenses <br /> Design and Construction $7,891,928 <br /> Transfer Remaining Balance 441,340 <br /> Total Expenses $8,333,268 <br /> B. Source of Funds <br /> TIB- State Grant $3,060,825 <br /> Fund 158-Boeing Mitigation Fund 2,394,854 <br /> Fund 157-Traffic Mitigation 1,474,434 <br /> Public Works Trust Fund Loan 1,000,000 <br /> Fund 425 -Everett Transit 165,750 <br /> Miscellaneous Revenue 127,251 <br /> Investment Interest 110,154 <br />