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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> • PROJECT TITLE: 080010 4-1-5Adopt the Closing Ordinance for the Consent COUNCIL BILL# <br /> Council Chambers Improvement Action Originating Department Facilities <br /> Project in the amount of$414,240 10/18 First Reading Contact Person Chris Lark <br /> 10/25 Second Phone Number 257-8897 <br /> Reading <br /> 11/1 Third Reading FOR AGENDA OF Oct. 18, 2006 <br /> Public Hearing <br /> Initialed by: <br /> Department Head 0-4 <br /> CAA <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> 3002 Wetmore Final Acceptance of Ordinance Council&Parks <br /> Construction <br /> Council approval of this agenda item authorizes a budget revision in the additional amount requested. <br /> Expenditure Required $414,240 Account Number(s): <br /> Amount Budgeted $ 543,500 Fund 342, Program 009 <br /> Additional Required $-0- <br /> DETAILED SUMMARY STATEMENT: <br /> The attached Ordinance will close the construction fund for the Council Chambers Improvement <br /> Project,Fund 342,Program 009. A breakdown of the project accounting is as follows: <br /> Original Revenues Actual Revenues Actual Expenses <br /> Comcast: $396,900 Comcast: $274,943 Comcast: $274,943 <br /> City: $146,600 City: $146,600 City: $139,297 <br /> Total $543,500 Total $421,543 Total $414,240 <br /> The remaining City balance of$7,303 will be transferred back to CIP4 <br /> RECOMMENDATION (Exact action requested of Council): <br /> Adopt the Closing Ordinance for the Council Chambers Improvement Project in the amount of$414,420. <br />