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• <br /> . <br /> ORDINANCE NO. ;(.:7( —j j <br /> AN ORDINANCE amending and closing the "Design and <br /> Construction of Filtered Water System <br /> Improvements" Fund No . 351 as established by <br /> Ordinance No . 825-81 , as of January 2, 1990 . <br /> WHEREAS , the "Design and Construction of Filtered Water System <br /> Improvements" Fund No . 351 was established to provide for said <br /> purpose and , <br /> WHEREAS , the purpose of the fund has been accomplished and , <br /> WHEREAS, there are neither outstanding obligations of the fund <br /> to be paid nor uncollected revenues to be received: <br /> NOW , THEREFORE , THE CITY OF EVERETT DOES ORDAIN : <br /> Section 1 : That Section 6 , of Ordinance 825-81 , which states : <br /> Section 6 : The City Treasurer of the City of <br /> Everett shall invest the proceeds from the sale of Revenue <br /> Bonds until needed for construction . The interest earned shall <br /> be deposited in the Fund and expended for these projects . Any <br /> unexpended funds shall remain in Fund 351 . <br /> is hereby amended to : <br /> Section 6 : The City Treasurer of the City of <br /> Everett shall invest the proceeds from the sale of Revenue <br /> Bonds until needed for construction . The interest earned shall <br /> be deposited in the Fund and expended for these projects . Any <br /> unexpended funds may be used to make additions and improvements <br /> to the Filtered Water System. <br /> Section 2 : That the "Design and Construction of Filtered Water <br /> System Improvements" Fund No . 351 be closed . <br /> Section 3 : That the final expenses and revenues for the <br /> "Design and Construction of Filtered Water System Improvements" <br /> Fund No . 351 are as follows : <br /> EXPENSES : <br /> Program 186 - Filtration & Treated Water Pumping <br /> & Transmission <br /> Construction Project $28, 565 ,205 . 23 <br /> Machinery/Equipment 25 , 760.95 <br /> Program 187 - System Separation Facilities <br /> Construction Project 489 , 941 . 44 <br /> Program 189 - Sludge Disposal & Handling Facilities <br /> Construction Project 838 , 085 . 99 <br /> Total $29 , 918 , 993 . 61 <br /> REVENUES : <br /> D . S.H . S. Grant $ 8, 500 , 000 . 00 <br /> P . U .D. Snohomish County 8 , 306 ,534 .79 <br /> Long Term Bonds 11 , 292 , 169 . 00 <br /> Interest Income 2 ,283 , 460 .00 <br /> Total $30 , 382 , 163 . 79 <br />