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ORDINANCE NO. 2896-06 <br />AN ORDINANCE closing a facility construction project entitled "Special. Events Center <br />Project Improvements and Public Space Facility Construction," Fund 342, Program 005 <br />as established by Ordinance No. 2638-02. <br />WHEREAS, the facility construction project entitled "Special Events Center Project <br />Improvements and Public Space Facility Construction," Fund 342, Program 005, was <br />established to provide for the said improvements and construction; and <br />WHEREAS, the purpose of the facility construction project 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 Events Center Project Improvements and Public Space Facility <br />Construction," Fund 342, Program 005, be closed. <br />Section 2: <br />That the final expenses and revenues for the facility construction project entitled "Special <br />Events Center Project Improvements and Public Space Facility Construction," Fund 342, <br />Program 005, are as follows: <br />A. Expenses <br />Project Improvements & Facility Const. $14,465,461 <br />Transfer to Street Improvements 842,561 <br />Total Expenses $15.308.022 <br />B. Revenues <br />Bond Proceeds (including premium) $15,091,666 <br />Interest Earnings 201,324 <br />CIP 2 15,032 <br />Total Revenues $15.308.022 <br />