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ORDINANCE NO. 3397-14 <br /> AN ORDINANCE closing a special improvement project <br /> entitled, "112th Street S.E. -Silver Lake Road to SR 527", Fund <br /> 303, Program 076 as established by Ordinance No. 2934-06 <br /> WHEREAS,the special improvement project entitled "112th Street S.E. - Silver Lake Road to <br /> SR 527", Fund 303, Program 076, 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"112th Street S.E. - Silver Lake Road to SR 527", <br /> Fund 303, Program 076, as established by Ordinance No. 2934-06, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "112th Street S.E. - Silver Lake Road to SR 527", <br /> Fund 303, Program 076, are as follows: <br /> A. Expenses <br /> Design and Construction $4,267,724 <br /> Total Expenses $4,267,724 <br /> B. Source of Funds <br /> TIB- State Grant $2,497,522 <br /> STPUL-Federal Grant 504,391 <br /> Fund 157-Traffic Mitigation 1,015,811 <br /> Fund 158 -Boeing Mitigation Fund 250,000 <br /> Total Revenues $4,267,724 <br />