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ORDINANCE NO. 2867-05 <br />AN ORDINANCE closing a special improvement project entitled <br />"52nd Street SE, Colby Avenue to Claremont Way," Fund 303, <br />Program 044,as established by Ordinance 2664-02. <br />WHEREAS, the special improvement project entitled "52nd Street SE, Colby Avenue to <br />Claremont Way," Fund 303, Program 044, was established to provide for the said <br />improvements; and <br />WHEREAS, the purpose of the fund has been accomplished; and <br />WHEREAS, there are neither outstanding obligations of the fund to be paid nor <br />uncollected revenues to be received; <br />NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br />Section 1: <br />That the special improvement project entitled "52nd Street SE, Colby Avenue to <br />Claremont Way," Fund 303, Program 044, be closed. <br />Section 2: <br />That the final expenses and revenues for the "52nd Street SE, Colby Avenue to <br />Claremont Way," Fund 303, Program 044, are as follows: <br />A. Expenses <br />Total Project Costs $713,180.00 <br />Total Costs $713,180.00 <br />B. Source of Funds <br />TIB Grant — State $300,035.00 <br />Fund 157 — Traffic Mitigation 387,995.00 <br />Fund 301 —Arterial Streets 25,150.00 <br />Total Source of Funds $713,180.00 <br />