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ORDINANCE NO. /yt-Tz(—Ek <br /> AN ORDINANCE creating a special fund entitled "Airport Road and Casino Road <br /> Traffic Signal Improvements", Fund 321, Program 952, to accumulate all the <br /> design and construction costs for the Traffic Signal Improvement Project. <br /> WHEREAS, on February 25, 1988 the City of Everett entered into an agreement <br /> with the Washington State Department of Transportation to provide 90% federal <br /> funding of preliminary engineering costs for the design of traffic signal <br /> improvements at the intersection of Airport Road and Casino Road. <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 321, Program 952, entitled "Airport Road and Casino Road <br /> Traffic Signal Improvements" to accumulate the design and <br /> construction costs for the traffic signal improvements. <br /> Section 2: Authorization is hereby given to accumulate costs and distribute <br /> payments from Fund 321, Program 952, for design and construction of <br /> the traffic 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 $130,000 is hereby appropriated to Fund 321, "Airport <br /> Road and Casino Road Traffic Signal Improvements" as follows: <br /> A. Estimated Project Costs <br /> Preliminary Engineering $ 15,000 <br /> W.O. 2085 <br /> Construction 115,000 <br /> W.O. 2155 <br /> Total Estimated Cost Fund 321 $130,000 <br /> B. Source of Funds <br /> 1. Preliminary Engineering (W.O. 2085) <br /> HES (Federal Aid) $ 13,500 <br /> 1/2V Gas Tax 1,500 <br /> Subtotal $ 15,000 <br /> 2. Construction (W.O. 2155) <br /> HES (Federal Aid) $103,500 <br /> 1/2V Gas Tax 11,500 <br /> Subtotal 115,000 <br /> Total Source of Funds, Fund 321 $130,000 <br /> C. This appropriation shall not lapse, but shall be carried <br /> forward from year to year until fully expended or the purpose <br /> has been accomplished or abandoned without the necessity of <br /> reappropriation as per R.C.W. 35.33.151. <br />