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lanes. This could occur if any of the conditions listed in item (5) above is <br /> realized. At the minimum, this project is predicated on the completion of the HOV <br /> lane segment referenced in (c) above. The benefits of this extension extend to <br /> many jurisdictions north and east of Everett as well as north Everett residents. <br /> Though RTA sponsored bus service could take advantage of its existence, the <br /> City anticipates that this segment would be funded by the Washington State <br /> Department of Transportation concurrent with many of the investments listed <br /> above. Short term funding constraints may allow bridge financing to be <br /> considered utilizing part of Everett's allocation as appropriate. <br /> r) Funding of the HOV Direct Access ramps at Pacific Avenue complements the <br /> extension of I-5 HOV lanes up to SR 2. Initiation of this project would not occur <br /> until the HOV lane segment from 41st to SR 2 is under development. Funding <br /> represents the anticipated full cost of the project. <br /> 9) That the Regional Transit Authority should work with the City of Everett in <br /> identifying a desirable implementation schedule and financing strategy for all phase one <br /> investments that would be identified in the final revised phase one plan. <br /> Councilper�on Introducing t Resolution <br /> PASSED and APPROVED this 6th day of March, 1996 <br /> Council President Anderson <br /> \ l <br /> Coun, person Campb 1 Councilperson Gipson <br /> 41— <br /> Councilpers9KHansen Councilperson Pope <br /> .00,05:•••••- Zi) • <br /> Councilperson Soine Councilperson Overstreet <br /> 9 <br />