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• ERETT CITY CQ NCL. LI NDA,ITEM COVER SI .E.ET <br /> PROJECT TITLE: <br /> An ordinance creating a special Consent COUNCIL BILL# ( (y7(C) 'i 1 <br /> improvement project entitled, Action Originating Department Engineering/PS <br /> "112th Street S.E., 3rd Avenue 10/17 First Reading Contact Person Ryan Sass's <br /> S.E. to I-5", Fund 303, 10/24 Second Reading Phone Number 257-8942 <br /> Program 060, to accumulate all 10/31 Third Reading FOR AGENDA OF Oct. 17, 2007 <br /> costs for the improvement Public Hearing <br /> project and repealing Initialed by: <br /> Ordinance No. 2760-04. Department Head <br /> CAA <br /> Council President P►�>. <br /> Location Preceding Action Attachments Department(s)Approval <br /> 112th St. SE—3rd Ave. 10/10/07 Budget Proposed Ordinance Finance <br /> SE to I-5 Committee <br /> 3/24/04 Ordinance No. <br /> 2760-04 approved. <br /> Amount Budgeted $4,040,827.00 <br /> Expenditure Required $8,145,501.00 Account Number: PW2440 <br /> Budget Remaining - 0- <br /> Additional Required $4,104,674.00 <br /> DETAILED SUMMARY STATEMENT: <br /> The attached ordinance will create a special fund to accumulate all costs for traffic and pedestrian safety <br /> improvements to 112th Street S.E. from 3rd Avenue S.E. to the east side of I-5. The improvements include <br /> widening 112th Street S.E. and the I-5 overcrossing, sidewalks, traffic signal and drainage improvements, <br /> illumination,and landscaping. <br /> • <br /> The funding sources for this project are as follows; <br /> TIB - State Grant $3,084,875.00 <br /> Fund 158—Boeing Mitigation 2,293,191.00 <br /> Fund 157—Traffic Mitigation 1,474,434.00 <br /> Public Works Trust Fund Loan 1,000,000.00 <br /> Fund 425 —Everett Transit 165,750.00 <br /> Total l $8,145,501.00 <br /> RECOMMENDATION (Exact action requested of Council): <br /> Approve an ordinance creating a special improvement project entitled, "112th Street S.E., 3rd Avenue S.E. to <br /> 1-5", Fund 303, Program 060, to accumulate all costs for the improvement project and repealing Ordinance <br /> No. 2760-04. <br /> 39 <br /> PW2440 CCA.DOC <br />