Ordinance 1859-92 - Laserfiche WebLink

• EI/E/FETT ORDINANCE NO. 1859-92 AN ORDINANCE CREATING A SPECIAL PROJECT FUND ENTITLED "Study of SR 526 High Occupancy Vehicle (HOV) Treatment Alternatives" , Fund No. 365. WHEREAS, the City Council recognizes that as new development takes place in the Southwest Everett and Paine Field areas consistent with the Southwest Everett Comprehensive Plan, Snohomish County's Paine Field Area Comprehensive Plan, the Paine Field Airport Master Plan, and the City of Mukilteo's Comprehensive Plan, that access improvements must be made to accommodate the increase in the vehicular traffic generated by this development; and WHEREAS, the traffic studies conducted by the Boeing Company show that some form of High Occupancy Vehicle (HOV) facilities are needed on SR 526 to help accommodate increasing traffic volumes; and WHEREAS, the study, design, and construction of HOV improvments on SR 526 are an integral part of the program to mitigate the off-site traffic impacts of the Boeing plant expansion; and WHEREAS, the Boeing Company has pledged funding for the study, design, and construction of HOV improvements on SR 526; and NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: SECTION 1. A special project fund is hereby established as Fund No. 365, entitled "Study of SR 526 High Occupancy Vehicle (HOV) Treatment Alternatives" , to accomplish the actions authorized in Section 3 of this Ordinance. SECTION 2. Authorization is hereby granted for the "Public Works Department" to assume full and complete responsibility for conductiong all tasks to accomplish the actions authorized in Section 3 of this Ordinance. SECTION 3. The tasks or actions to be performed under this Ordinance are the study of HOV improvement options on State Route 526. SECTION 4. The City shall receive into this fund certain funds from Boeing, and shall utilize these funds only for those purposes identified in Section 3 of this Ordinance.