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ORDINANCE NO. 3415-14 <br /> AN ORDINANCE closing a special improvement project <br /> entitled, "2010 ARRA Overlay Program," Fund 303, <br /> Program 088 as established by Ordinance No. 3179-10 <br /> WHEREAS,the special improvement project entitled"2010 ARRA Overlay Program," Fund <br /> 303, Program 088, 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 "2010 ARRA Overlay Program" Fund 303, <br /> Program 088, as established by Ordinance No. 3179-10, be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "2010 ARRA Overlay Program," Fund 303, <br /> Program 088, are as follows: <br /> A. Expenses <br /> Design and Construction $655,764 <br /> Remaining Balance Transfer 49,075 <br /> Total Expenses $704,839 <br /> B. Source of Funds <br /> Federal Grant (FHWA-ARRA) $ 634,839 <br /> Fund 119- Street Improvements 70,000 <br /> Total Revenues $704,839 <br />