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. 1% lk <br />ORDINANCE NO. 2892-05 <br />AN ORDINANCE closing a special improvement project entitled <br />"Wetmore Avenue Improvement Project", Fund 303, Program 052, <br />and "Hoyt Avenue Improvement Project", Fund 303, Program 053, <br />as established by Ordinance 2740-03. <br />WHEREAS, the special improvement project entitled "Wetmore Avenue Improvement <br />Project", Fund 303, Program 052, and "Hoyt Avenue Improvement Project", Fund 303, <br />Program 053, was established to provide for the said 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 "Wetmore Avenue Improvement Project", <br />Fund 303, Program 052, and "Hoyt Avenue Improvement Project", Fund 303, Program <br />053, be closed. <br />Section 2: <br />That the final expenses and revenues for the "Wetmore Avenue Improvement Project", <br />Fund 303, Program 052, and "Hoyt Avenue Improvement Project", Fund 303, Program <br />053, are as follows : <br />A. Expenses <br />Wetmore Avenue Improvement Project — Program 052- $1,078,980.14 <br />Hoyt Avenue Improvement Project — Program 053 708,768.00 <br />Total Project Costs 1.787,748.14 <br />B. Source of Funds <br />Wetmore Avenue Improvement Proiect — Proaram 052 <br />Federal Grant STPH-2743 (001) <br />$297,715.12 <br />Fund 119 — Street Improvements <br />39,340.02 <br />Fund 154 — CIP III <br />150,000.00 <br />Fund 157 — Traffic Mitigation <br />304,240.00 <br />Fund 301 — Arterial Streets <br />287,685.00 <br />Total Source of Funds — Program 052 <br />$1,078,980.14 <br />