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ORDINANCE NO. 2891-05 <br />AN ORDINANCE closing a special improvement project entitled <br />"Evergreen Way - 41 st Street to 47th Street", Fund 303, Program 046, <br />as established by Ordinance 2481-00. <br />WHEREAS, the special improvement project entitled "Evergreen Way - 41st Street to <br />47th Street", Fund 303, Program 046, 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 l: <br />That the special improvement project entitled "Evergreen Way - 41st Street to 47th <br />Street", Fund 303, Program 046, be closed. <br />Section 2: <br />That the final expenses and revenues for the "Evergreen Way - 41 st Street to 47th Street", <br />Fund 303, Program 046, are as follows: <br />A. Expenses <br />Total Project Costs $2,667,147.00 <br />Total Costs $2,667,147.00 <br />B. Source of Funds <br />TIB Grant <br />— 8-1-138 (033)-1 <br />$1,464,525.00 <br />Fund 119 — <br />Street Improvements <br />235,241.00 <br />Fund 157 — <br />Traffic Mitigation <br />652,381.00 <br />Fund 301 — <br />Arterial Streets <br />315.000.00 <br />Total Source of Funds $2,667,147.00 <br />