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ORDINANCE NO. 3425-15 <br /> AN ORDINANCE creating a special improvement project entitled, <br /> "2015 Federal Overlay Project," Fund 303, Program 102, to <br /> accumulate all costs for the improvement. <br /> WHEREAS, the City of Everett is committed to a planned street preservation program; and <br /> WHEREAS, the City of Everett has identified the need and obtained funds to construct certain <br /> preservation improvements to federal arterial street segments; and <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> A special improvement project is hereby established as Fund 303, Program 102, entitled "2015 <br /> Federal Overlay Project," to accumulate all costs for the improvement. <br /> Section 2: <br /> Authorization is hereby given to accumulate costs and distribute payments from Fund 303, <br /> Program 102, for the improvement project. <br /> Section 3: <br /> Authorization is hereby granted for the "Public Works Director" or"City Engineer," under <br /> direction of the Mayor, to assume full and complete responsibility for conducting all tasks and <br /> doing all things to accomplish the actions authorized in this ordinance. <br /> Section 4: <br /> The sum of$4,800,000 is hereby appropriated to Fund 303, Program 102, "2015 Federal <br /> Overlay Project," as follows: <br /> A. Estimated Project Costs <br /> Design and Construction $ 4,800,000 <br /> Total Estimated Cost $ 4,800,000 <br /> B. Source of Funds <br /> STP - Federal Funds $ 1,000,000 <br /> Fund 119- Street Improvements 3,250,000 <br /> Snohomish County - ILA 500,000 <br /> WSDOT-GCA 50,000 <br /> Total Estimated Funds $ 4,800,000 <br />