Ordinance 1814-91 - Laserfiche WebLink

Section 6: The total estimated cost of the improvements herein authorized is $90, 000 which will include all costs related to design, construction, contract administration, plan development and associated costs. Section 7: The City Engineer of the City of Everett under the administration of the Mayor is hereby given the responsibility of providing for the street, sidewalk and drainage improvements as defined herein. Section 8: The Mayor has also approved $100, 000 funding from the street overlay fund for neighborhood improvements in Riverside, provided that CDBG funds are expended for street and sidewalk improvement projects. Section 9: The City Treasurer of the City of Everett under the administration of the Mayor is hereby authorized to negotiate a reasonable rate of interest bearing warrants to satisfy interim construction costs not to exceed $90, 000. These interest bearing warrants shall be redeemed by the Treasurer as soon as reimbursement or long term bond financing monies, as described elsewhere in this Ordinance, are received. Section 10: A. The sum of $90, 000 is hereby appropriated to Fund No. 364, "1991 Block Grant Neighborhood Improvements" , as follows: Program 513 : Northeast Everett $30, 000 Neighborhood Improvement Program 512 : Port Gardner Neighborhood $15, 000 Improvement Program 511: Riverside Neighborhood $30, 000 Improvement Program 510: Lowell Neighborhood $15, 000 Improvement Total $90, 000 B. Source of funding: Fund 364 - Community Development Block Grant $90, 000 Funds C. This appropriation shall not lapse but shall be carried forward year to year until fully expended or the purpose has been accomplished or abandoned without the necessity of reappropriation as per RCW 35. 33 . 151.