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PROJECT TITLE: <br /> Consent COUNCIL BILL# Cg( 'j <br /> An ordinance closing a special Action Originating Department Engineering/PS <br /> improvement project entitled, 12/17 First Reading Contact Person Ryan Sass <br /> "SR 527 Improvement 12/17 Second Reading Phone Number 257-8942 <br /> Project,"Fund 396, as 12/22 Third Reading FOR AGENDA OF Dec. 17, 2008 <br /> established by Ordinance No. Public Hearing <br /> 2763-04. Initialed by: <br /> Department Head <br /> CAA • <br /> Council President <br /> Location Preceding Action Attachments Department(s) Approval <br /> SR 537— 112th Street to 4/21/04 Ordinance No. Proposed Ordinance Finance <br /> 132nd Street 2763-04 approved. <br /> 12/16/08 Budget <br /> Committee <br /> Amount Budgeted $ 8,720,469.00 <br /> Expenditure Required $8,720,469.00 Account Number(s): PW2547 <br /> Budget Remaining - 0 - <br /> Additional Required - 0 - <br /> DETAILED SUMMARY STATEMENT: <br /> The attached ordinance will close the special improvement project entitled, "SR 527 Improvement Project," <br /> Fund 396. This fund was established to enable the design and construction of traffic and safety <br /> improvements to SR 527. <br /> The funding sources are as follows: <br /> TIB —State Grant(two grants) $5,810,012.00 <br /> WSDOT Agreements (two agreements) 707,359.00 <br /> Silver Lake Water District 31,000.00 <br /> Fund 157—Traffic Mitigation 808,262.00 <br /> Funds 158 / 302—Boeing Mitigation 1,193,298.00 <br /> Fund 301 -Arterial Streets 76,117.00 <br /> Fund 425—Everett Transit 6,246.00 <br /> Investment Interest 88,175.00 <br /> Total $8,720,469.00 <br /> RECOMMENDATION (Exact action requested of Council): <br /> Adopt an ordinance closing the special improvement project entitled"SR 527 Improvement Project,"Fund <br /> 396, as established by Ordinance No. 2763-04. <br /> 83 <br />