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ORDINANCE NO. 2722-03 <br /> joi.,, <br /> 400111,1m.4 <br /> vitiffor <br /> AN ORDINANCE closing a special construction fund entitled "Rotary Park Phase I <br /> Development", Fund 353, as established by Ordinance No. 1684-90, as amended by <br /> Ordinance Nos. 2243-97 and 1829-91. <br /> WHEREAS,the special construction fund entitled"Rotary Park Phase I Development", <br /> Fund 353, was established to provide for the said repairs and 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 CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> That the "Rotary Park Phase I Development", Fund 353, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "Rotary Park Development Phase I <br /> Development," Fund 353, are as follows: <br /> A. Expenses <br /> Total Construction Costs $ 832,926 <br /> B. Revenues <br /> IAC Grant $ 300,000 <br /> City of Everett General Fund 225,000 <br /> Fund 101 105,000 <br /> Fund 354 53,000 <br /> Snohomish Count 25,000 <br /> Private Donations 50,450 <br /> Investment Interest 74,476 <br /> Total Revenues $ 832,926 <br />