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Ordinance 1388-87
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Ordinance 1388-87
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1/4/2018 11:04:03 AM
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Ordinances
Ordinance Number
1388-87
Date
10/28/1987
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• 4 <br /> c. Program 926, Railroad Flagging (W.O. #2112) <br /> Bridge Replacement Fund (Fed.) $ 20,000 <br /> Burlington Northern Railroad 5,000 <br /> SUBTOTAL $ 25,000 $ 25,000 <br /> d. Program 926, Construction Phase (W.O. #2104) <br /> Bridge Replacement Fund (Fed. ) $246,710 <br /> Burlington Northern Railroad 23,685 <br /> Urban Arterial Board (UAB) 18,000 <br /> 1/2 Cent Gas Tax 19,993 <br /> SUBTOTAL $308,388 $ 308,388 <br /> TOTAL LOMBARD AVENUE BRIDGE FUNDS: $ 406,388 <br /> TOTAL FUNDS FOR PROJECT: $1,801,285 <br /> C. Summary of Funds: <br /> Bridge Replacement Fund (Fed.) $1,584,000 <br /> Burlington Northern Railroad 242,000* <br /> Urban Arterial Board (UAB) 118,000** <br /> 1/2 Cent Gas Tax 36,000 <br /> TOTAL ESTIMATED FUNDS <br /> REQUIRED FOR PROJECT: $1,980,000 <br /> *$242,000 maximum per BNRR/City Agreement <br /> **$118,000 maximum per UAB/City Agreement <br /> D. This appropriation shall not lapse, but shall be carried forward from <br /> year to year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of reappropriation as per R.C.W. 35.33.151. <br /> Section 5: The City Treasurer of the City of Everett is hereby <br /> authorized to negotiate a reasonable rate of interest and obtain temporary <br /> financing to satisfy interim construction costs. Temporary financing shall be <br /> redeemed as soon as reimbursement is received. <br /> -5- <br />
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