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1 1 <br /> ORDINANCE NO. 2652-02 <br /> AN ORDINANCE closing a special improvement project entitled "SR526/I-5 <br /> Eastbound to Northbound Ramp," Fund 304, as established by Ordinance No. <br /> 2131-96. <br /> WHEREAS, the special improvement project entitled "SR526/I-5 Eastbound to Northbound Ramp," Fund 304, <br /> was established to 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 uncollected revenues to be <br /> received; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> That the special improvement project entitled "SR526/I-5 Eastbound to Northbound Ramp," Fund 304, be <br /> closed. <br /> Section 2: <br /> That the final expenses and revenues for the "SR526/I-5 Eastbound to Northbound Ramp," Fund 304, are as <br /> follows: <br /> A. Expenses <br /> Total Project Costs $ 13,836,236.00 <br /> Total Cost $ 13,836,236.00 <br /> B. Source of Funds <br /> TIB Grant 9P-0420(004)-1 $ 1,506,486.00 <br /> Fund 157 —Traffic Mitigation 800,000.00 <br /> Fund 158 —Boeing Traffic Mitigation 11,364,554.00 <br /> Investment Interest 164,650.00 <br /> Other Misc. Revenue 546.00 <br /> Total Source of Funds $ 13.836,236.00 <br />