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ORDINANCE NO. 3055-08 <br /> AN ORDINANCE closing a special improvement project entitled <br /> "Holly Drive Pedestrian Improvements," Fund 303, Program 058, <br /> as established by Ordinance No. 2841-05. <br /> WHEREAS, the special improvement project entitled "Holly Drive Pedestrian Improvements," <br /> Fund 303, Program 058, 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"Holly Drive Pedestrian Improvements," Fund <br /> 303, Program 058, as established by Ordinance No. 2841-05, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "Holly Drive Pedestrian Improvements,"Fund 303, <br /> Program 058, are as follows: <br /> A. Expenses <br /> Total Project Costs $3,058,395.00 <br /> Total Expenses $3,058,395.00 <br /> B. Source of Funds <br /> CM-2553(002)—Federal Grant $1,977,333.00 <br /> TIB 9-P-138(012)-1 — State Grant 143,080.00 <br /> Fund 119— Street Improvements 5,000.00 <br /> Fund 157—Traffic Mitigation 667,755.00 <br /> Fund 158 —Boeing Mitigation 94,200.00 <br /> Fund 301 —Arterial Streets 171,027.00 <br /> Total Source of Funds $3,058,395.00 <br />