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ORDINANCE NO. 2742-03 <br /> AN ORDINANCE closing a special improvement project entitled <br /> "City-Managed Boeing Mitigation Project Fund," Fund 302, as <br /> established by Ordinance No. 1867-92. <br /> WHEREAS, the special improvement project entitled "City-Managed Boeing Mitigation Project <br /> Fund," Fund 302, 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 <br /> to be received; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> That the special improvement project entitled "City-Managed Boeing Mitigation Project Fund," Fund <br /> 302, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "City-Managed Boeing Mitigation Project Fund," Fund <br /> 302, are as follows: <br /> A. Expenses <br /> Total Project Costs $ 6,040,323.25 <br /> Total Cost $ 6,040,323.25 <br /> B. Source of Funds <br /> STPUL (Federal) Grant $ 814,612.00 <br /> CMAQ (Federal) Grant 13,197.00 <br /> WA Natural Gas 1,446.25 <br /> Everett School District 978.00 <br /> Fund 158 —Boeing Mitigation 4,950,883.00 <br /> Investment Interest 259,207.00 <br /> Total Source of Funds $ 6,040,323.25 <br />