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Ordinance 1573-89
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Ordinance 1573-89
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Ordinances
Ordinance Number
1573-89
Date
3/29/1989
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b. Program 926, Railroad Flagging (W.O. #2112) <br /> Bridge Replacement Fund (Fed. ) $ 2,400 <br /> Burlington Northern Railroad 600 <br /> SUBTOTAL $ 3,000 <br /> c. Program 926, Construction Phase (W.O. #2104) <br /> Bridge Replacement Fund (Fed.) $ 338,848 <br /> Burlington Northern Railroad 27,920 <br /> Transportation Improvement <br /> Board (TIB) 18,000 <br /> 1/2 Cent Gas Tax 54,016 <br /> SUBTOTAL $ 438,784 <br /> TOTAL LOMBARD AVENUE BRIDGE $ 511,784 <br /> TOTAL FUNDS FOR PROJECT: $2,638,168 <br /> C. SUMMARY OF FUNDS: <br /> Bridge Replacement Fund (Fed.) $2,061,329 <br /> Burlington Northern Railroad 247,400* <br /> Transportation Improvement Board (TIB) 118,000** <br /> 1/2 Cent Gas Tax 211,439 <br /> TOTAL ESTIMATED FUNDS REQUIRED <br /> FOR PROJECT: $2,638,168 <br /> *$242,000 maximum (plus Non-Fed <br /> flagging costs) per BNRR/City Agreement <br /> **$118,000 maximum per TIB/City Agreement <br /> D. This appropriation shall not lapse, but shall be carried forward from <br /> ear to year until fully expended or the purpose has been accomplished or <br /> :bandoned without the necessity of reappropriation as per R.C.W. 35.33.151. <br /> Section 6: The City Treasurer of the City of Everett is hereby <br /> :uthorized to negotiate a reasonable rate of interest and obtain temporary <br /> inancing to satisfy interim construction costs. Temporary financing shall be <br /> redeemed as soon as reimbursement is received. <br /> -9- <br /> I � <br />
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