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,ASIJltb":.—.Ak <br /> E!/1111111mETT <br /> ORDINANCE NO. A5(-9.3 <br /> AN ORDINANCE closing the "Library Construction" <br /> Fund No. 390 as established by Ordinance No. <br /> 1365-87 and subsequently replaced by <br /> Ordinance No. 1649-89 and 1714-90. <br /> WHEREAS, the "Library Construction" Fund No. 390 was <br /> established to provide for Library construction; and <br /> WHEREAS, the purpose of the fund has been accomplished; and <br /> WHEREAS, there are neither outstanding obligations of the <br /> fund to be paid nor uncollected revenues to be received; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> SECTION 1: That the "Library Construction" Fund No. 390 <br /> be closed. <br /> SECTION 2 : That the final expenses and revenues for the <br /> "Library Construction" Fund No. 390 are as follows: <br /> EXPENSES: <br /> Total Construction Costs <br /> Program 921-Evergreen Branch Library $ 1, 199 , 867 <br /> Program 922-Main Library 9, 476, 874 <br /> Subtotal 10, 676 , 741 <br /> Residual equity transfer to Fund 232 <br /> (Debt Service) 1, 760 <br /> TOTAL $10, 678 , 501 <br /> REVENUE: <br /> General Obligation Bonds $ 9 , 195, 650 <br /> Interfund Transfer from CIP I Fund 150 481, 950 <br /> Interfund Transfer from CIP II Fund 155 510, 428 <br /> WA State Library Services & Construction <br /> Act Grants 235, 672 <br /> Property Taxes -0- <br /> Interest Earned 254, 801 <br /> TOTAL $10, 678 , 501 <br />