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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 accounting <br /> for unexpended funds . The Everett Housing Authority shall be <br /> responsible for the design , construction , and equipping of the <br /> housing units . <br /> Section 3: The total estimated costs of the housing units <br /> herein authorized is $5,500 ,000 which includes all costs <br /> related to design , construction, equipment , financing , contract <br /> administration , and associated costs . <br /> Section 4: A . The sum of $5 , 500 ,000 is hereby <br /> appropriated to Fund 326 (Program 969) <br /> "Senior Housing Project . " <br /> B . The source of funds for the appropriation <br /> shall be from the sale of bonds in the <br /> amount of $5,500, 000. <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 . All interior finishes and building equipment and <br /> furnishings necessary to provide a complete work area as <br /> directed by the City Services Director . <br /> Section 6 : The total estimated cost of the improvements to <br /> the Senior Activity Center herein authorized is $1 ,100 ,000 <br /> which includes all costs related to design , construction , <br /> contract administration , and their associated costs . <br /> Section 7 : A. The sum of $1 , 100,000 is hereby appro- <br /> priated to Fund 326 (Program 970) "Senior <br /> Activity Center Expansion . " <br /> B. The source of funds for the appropria- <br /> tion shall be from the sale of bonds in <br /> the amount of $1 ,100, 000. <br /> Section 8 : This appropriation shall not lapse but shall be <br /> carried forward year to year until fully expended or the <br /> purpose has been accomplished or abandoned without the <br /> necessity of reappropriation as per RCW 35. 33 .151 . <br />