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. r' <br /> • <br /> • <br /> ORDINANCE NO. / 7 - O c' <br /> AN ORDINANCE creating a special construction <br /> fund entitled "Silver Lake Construction" <br /> Fund 334, Authorizing the design and <br /> construction of improvements at Silver Lake Park. <br /> WHEREAS, the City of Everett Parks and Recreation Department developed a <br /> Capital Improvement Program outlining the recreational needs of the City of <br /> Everett; and <br /> WHEREAS, a need exists to provide a fresh water swimming, fishing and <br /> recreation facility for the citizens of Everett; and <br /> WHEREAS, the Everett City Council approved a revenue funding source for <br /> CIP projects: <br /> WHEREAS, Silver Lake is the only designated fresh water park site for <br /> swimming, fishing and other water related recreational facilities in the City <br /> of Everett: <br /> NOW, THEREFORE, BE IT ORDAINED BY THE EVEREI1 CITY COUNCIL THAT: <br /> Section 1: A special construction fund is hereby established as Fund 334, <br /> entitled "Silver Lake Construction" to accomplish the actions <br /> authorized in subsequent sections of this ordinance. <br /> Section 2: Authorization is hereby granted to the Director of Parks and <br /> Recreation under the administration of the Mayor to design and <br /> construct improvements to Silver Lake Park including boathouse <br /> day camp, parking, rental hall and beach area improvements and <br /> other miscellaneous site improvement as determined by the <br /> Director of Parks and Recreation. <br /> Section 3: The total estimated cost of the improvements authorized is <br /> $1,658,335 which shall include all costs related to design, <br /> construction, contract administration, plan development and <br /> associated costs. <br /> Section 4: A. The sum of $1,658,335 is hereby appropriated to Fund 334 <br /> Program 954 "Silver Lake Park Construction" and the City <br /> Treasurer of the City of Everett is hereby authorized to <br /> establish an interfund loan not to exceed $1,658,335. <br /> B. Source of Funds: <br /> 1. CIP Revenue <br /> Section 5: This appropriation shall not lapse but shall be carried forward <br /> year to year until fully expended or the purpose has been <br /> accomplished or abandoned without the necessity of <br /> reappropriation as per RCW 35.33.151. <br />