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c8' - ss - <br /> ORDINANCE NO. /5 p — gcr <br /> AN ORDINANCE creating a special fund entitled "Evergreen Way North and <br /> Southpoint Signal Improvements," Fund 322, to accumulate all the design and <br /> construction costs for the Traffic Signal Improvement Project. <br /> WHEREAS, the City of Everett has entered into an agreement with the Washington <br /> State Department of Transportation to provide 90% Exxon oil rebate funding of <br /> preliminary engineering and construction costs for signal improvements along <br /> Evergreen Way North and Southpoint. <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN THAT: <br /> Section 1: A Special Design and Construction Fund is hereby established as <br /> Fund 322 entitled "Evergreen Way North and Southpoint Signal <br /> Improvements" to accumulate the design and construction costs for <br /> the traffic signal improvements. <br /> Section 2: Authorization is hereby given to accumulate costs and distribute <br /> payments from Fund 322 for design and construction of the traffic <br /> signal improvements. <br /> Section 3: Authorization is hereby granted for the "Public Works Director," <br /> under the direction of the Mayor, to assume full and complete <br /> responsibility for conducting all tasks and doing all things to <br /> accomplish the actions authorized in this ordinance. <br /> Section 4: The sum of $140,000 is hereby appropriated to Fund 322, "Evergreen <br /> Way North and Southpoint Signal Improvements" as follows: <br /> A. Estimated Project Costs <br /> 1. Evergreen Way North Signal Improvements, Program 980 <br /> Preliminary Engineering $20,000 <br /> W.O. 2181 <br /> Construction <br /> W.O. 2182 80,000 <br /> Total Estimated Cost, Program 980 $100,000 <br />