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EVERETT <br /> ORDINANCE NO. 1823-91 <br /> AN ORDINANCE establishing a special fund entitled "Boeing <br /> Mitigation Fund" , Fund No. 158, as a reserve fund for <br /> traffic mitigation improvements resulting from the <br /> expansion of the Boeing Airplane Manufacturing Facility in <br /> Everett. <br /> WHEREAS, in accordance with the Interim Traffic Mitigation Policy, the city <br /> of Everett requires each SEPA applicant to mitigate its traffic impacts; and <br /> WHEREAS, the City Council finds that the proposed expansion of the Boeing <br /> Airplane Manufacturing Facility in Everett will result in a significant <br /> deterioration of traffic flow on many streets and highways in and <br /> surrounding the city of Everett; and <br /> WHEREAS, the city of Everett has determined that the expansion of the Boeing <br /> Airplane Manufacturing Facility in Everett will require traffic mitigation <br /> payments; and <br /> WHEREAS, the traffic mitigation payments made by Boeing to the city of <br /> Everett are and will be an appropriate source of funds for the city and <br /> other affected jurisdictions in financing projects designed to mitigate <br /> Boeing's traffic impacts; and <br /> WHEREAS, the said Boeing mitigation projects include those cited in SEPA <br /> document entitled, "The Decision of the city of Everett Imposing Mitigation <br /> Pursuant to SEPA on the Expansion of the Boeing/Everett Airplane <br /> Manufacturing Facility" , dated July 3, 1991. <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: There is hereby created a special fund entitled, "Boeing <br /> Mitigation Fund" , Fund No. 158, which is designated as a reserve fund for <br /> the purposes provided herein. <br /> Section 2: Appropriations from the "Boeing Mitigation Fund" , Fund <br /> No. 158, shall only be made by the City Council for traffic mitigation <br /> improvements, including those cited in SEPA document entitled, "The Decision <br /> of the city of Everett Imposing Mitigation Pursuant to SEPA on the Expansion <br /> of the Boeing/Everett Airplane Manufacturing Facility" , dated July 3, 1991. <br /> Appropriations may include planning, administration, direct payments, <br /> design, construction and other costs necessary to accomplish traffic <br /> mitigation improvements resulting from the Boeing Expansion Project. <br /> (291-1/jel) <br />