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"IIP <br /> /%<....1'''::'' '' <br /> 'EYE'effrif <br /> ORDINANCE NO. 2744-03 <br /> AN ORDINANCE closing a special improvement project entitled <br /> "SR 526/I-5 High Occupancy Vehicle (HOV) Lane Project," Fund <br /> 365, as established by Ordinance No. 1966-93. <br /> WHEREAS, the special improvement project entitled "SR 526/I-5 High Occupancy Vehicle (HOV) <br /> Lane Project," Fund 365, 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 "SR 526/I-5 High Occupancy Vehicle (HOV) Lane <br /> Project," Fund 365, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "SR 526/I-5 High Occupancy Vehicle (HOV) Lane <br /> Project," Fund 365, are as follows: <br /> A. Expenses <br /> Total Project Costs $ 1,435,659.02 <br /> Total Cost $_1,415_,659.02 <br /> B. Source of Funds <br /> CPSPTA (State) Grant $ 264,599.02 <br /> Community Transit 5,000.00 <br /> Fund 158 —Boeing Mitigation 980,000.00 <br /> Investment Interest & Other Gains 186,060.00 <br /> Total Source of Funds $_1,415,n59_02 <br />