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• , <br /> ORDINANCE NO. /4/73-ST <br /> AN ORDINANCE creating a special fund entitled "California Street and Walnut <br /> Street Traffic Study and Intersection Improvements," Fund 325, Program 956, to <br /> accumulate all the design and construction costs for the Traffic Signal <br /> 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 a traffic study and design of <br /> improvements at the intersection of California Street with Walnut Street. <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 325, Program 956, entitled "California Street and Walnut <br /> Street Traffic Study and Intersection Improvements" to <br /> accumulate the design and construction costs for the traffic <br /> signal improvements. <br /> Section 2: Authorization is hereby given to accumulate costs and distribute <br /> payments from Fund 325, Program 956, for design and construction <br /> of 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 $139,200 is hereby appropriated to Fund 325, <br /> "California Street and Walnut Street Traffic Study and <br /> Intersection Improvements" as follows: <br /> A. Estimated Project Costs <br /> Preliminary Engineering $ 31,200 <br /> W.O. 2086 <br /> Construction 108,000 <br /> W.O. 2156 <br /> Total Estimated Cost Fund 325 $139,200 <br /> B. Source of Funds <br /> 1. Preliminary Engineering (W.O. 2086) <br /> HES (Federal Aid) $ 28,080 <br /> 1/20 Gas Tax 3,120 <br /> Subtotal $ 31,200 <br /> 2. Construction (W.O. 2156) <br /> HES (Federal Aid) $ 97,200 <br /> 1/20 Gas Tax 10,800 <br /> Subtotal 108,000 <br /> Total Source of Funds, Fund 325 $139,200 <br /> C. This appropriation shall not lapse, but shall be carried <br /> forward from year to year until fully expended or the <br /> purpose has been accomplished or abandoned without the <br /> necessity of reappropriation as per R.C.W. 35.33.151. <br />