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ORDINANCE NO. 2885-05 <br />AN ORDINANCE closing a special improvement project entitled <br />"Colby Avenue Pedestrian Signal", Fund 303, Program 055, as <br />established by Ordinance 2546-01. <br />WHEREAS, the special improvement project entitled "Colby Avenue Pedestrian <br />Signal", Fund 303, Program 055, was established to provide for the said improvements; <br />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 "Colby Avenue Pedestrian Signal", Fund <br />303, Program 055, be closed. <br />Section 2: <br />That the final expenses and revenues for the "Colby Avenue Pedestrian Signal", Fund <br />303, Program 055, are as follows: <br />A. Expenses <br />Total Project Costs $116,252.00 <br />Total Costs $116,252.00 <br />B. Source of Funds <br />Federal Grant STPH-2797 (006) $43,259.00 <br />Fund 157 — Traffic Mitigation 58,694.00 <br />Fund 301 — Arterial Streets 14,299.00 <br />Total Source of Funds $116,252.00 <br />