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ORDINANCE NO. 2890-05 <br />AN ORDINANCE closing a special improvement project entitled <br />"112th Street SW, Evergreen Way to Airport Road", Fund 303, <br />Program 043, as established by Ordinance 2615-02. <br />WHEREAS, the special improvement project entitled "112th Street SW, Evergreen Way <br />to Airport Road", Fund 303, Program 043, 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 "112th Street SW, Evergreen Way to <br />Airport Road", Fund 303, Program 043, be closed. <br />Section 2: <br />That the final expenses and revenues for the "112th Street SW, Evergreen Way to Airport <br />Road", Fund 303, Program 043, are as follows: <br />A. Expenses <br />Total Project Costs $1,996,770.00 <br />Total Costs $1,996,770.00 <br />B. Source of Funds <br />TIB Grant — 8-1-138 (033)-1 $471,689.85 <br />WSDOT (State) Agreement 752,985.00 <br />Fund 157 — Traffic Mitigation 227,826.15 <br />Fund 158 — Boeing Mitigation 500,146.00 <br />Snohomish County 39,123.00 <br />Everett Transit 5.000.00 <br />Total Source of Funds $1,996,770.00 <br />