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• <br /> and Senior Activity Center Expansion" to accomplish the <br /> actions authorized in subsequent sections of this ordinance . <br /> Section 2 : Authorization is hereby granted to the City <br /> Finance Director under the administration of the Mayor to <br /> establish payment procedures with the financial officer of the <br /> Everett Housing Authority and for the investment and <br /> accounting for unexpended funds. The Everett Housing <br /> Authority shall be responsible for the design , construction , <br /> and equipping of the housing units . <br /> Section 3 : The total estimated costs of the housing units <br /> herein authorized is $6, 391, 151 which includes all costs <br /> related to design , construction , equipment, financing , <br /> contract administration , and associated costs . <br /> Section 4 : A. The sum of $6 , 391 , 151 is hereby appro- <br /> priated to Fund 326 ( Program 969 ) " Senior <br /> Housing Project . " <br /> B. The source of funds for the appropriation <br /> shall be : <br /> 1 . Sale of Bonds $ 5 , 500 , 000 <br /> 2 . Investment Interest 891, 151 <br /> Total $ 6, 391, 151 <br /> Section 5 : Authorization is hereby granted to the City <br /> Services Director under the administration of the Mayor to <br /> design and construct improvements to the Senior Activity <br /> Center , including a new structure and remodel of existing <br /> building to provide approximately 6000 square feet of new <br /> building area plus an outdoor patio connection to the Center <br /> with the new housing project; new electrical , mechanical and <br /> fire protection systems , expanded lower level parking <br /> improvements . A new roof for the "old" portion of the Center ; <br /> All interior finishes and building equipment and furnishings <br /> necessary to provide a complete work area as directed by the <br /> City Services Director . <br /> Section 6 : The total estimated cost of the improvements to <br /> the Senior Activity Center herein authorized is $ 1, 177 , 485 <br /> which includes all costs related to design , construction , <br /> contract administration , and their associated costs . <br /> Section 7 : A. The sum of $1 , 177 , 485 is hereby appro- <br /> priated to Fund 326 ( Program 970) "Senior <br /> Activity Center Expansion . " <br /> B. The source of funds for the appropriation <br /> shall be : <br /> 1 . Sale of Bonds $ 1 , 100, 000 <br /> 2. Investment Interest $ 77 , 485 <br /> Total $ 1, 177 , 485 <br />