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facilities plan element of the City of Everett Comprehensive plan <br /> which element the Mayor is hereby authorized and directed to <br /> proceed to prepare and submit for review and approval by the <br /> Planning Commission and City Council; provided, however, that the <br /> expenses of preparation of said Capital Projects Plan is hereby <br /> declared to be and shall be charged as an expense of said capital <br /> projects. <br /> Section 7 : <br /> Ordinance No. 1244-86 is hereby amended by the addition of the <br /> following section: <br /> A. 51% shall be accumulated in the Account <br /> established under section 6 of Ordinance No. <br /> a37-9/ for projects specified in a Capital <br /> Facilities plan to be prepared thereunder. <br /> B. 49% shall be accumulated and used for the annual <br /> street overlay program or specific capital <br /> improvement projects designated by the Council for <br /> the CIP II Fund together with monies accumulated <br /> under Ordinance No. 1244-86. <br /> -11 <br /> PE KINC :yor <br /> ATTEST: <br /> 111L*"(-"r- <br /> CITY <br /> CLERK <br /> Passed: /c72//f/9/ <br /> Valid: /a//9/9J <br /> Published: -/c9..5/91 <br /> Effective: // /79c;"---- <br /> (0132) <br /> / '/' c(0132) <br /> 3 <br />