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Section 6: In all cases where the work necessary to be done in connection <br /> with the making of such improvement is carried out pursuant to contract upon <br /> competitive bids (and the City shall have and reserves the right to reject any <br /> and all bids) , the call for bids shall include a statement that payment for <br /> such work will be made in cash warrants drawn upon the Local Improvement Fund. <br /> Section 7: There is created and established in the office of the City <br /> Treasurer the Local Improvement Fund, into which fund shall be deposited the <br /> proceeds from the sale of revenue warrants or other short-term obligations <br /> drawn against the fund which may be issued and sold by the City and <br /> collections pertaining to assessments, and against which fund shall be issued <br /> cash warrants to be done by them in connection with the improvement, and <br /> against which fund cash warrants shall be issued in payment for all other <br /> items of expense in connection with the improvement. <br /> There is created and established within the Local Improvement Fund a <br /> special construction account entitled "Evergreen Way Gateway Street <br /> Improvement L.I.D." (L.I.D. # 725 , W.O. # 1846 ) to accomplish the action <br /> authorized by this ordinance. The sum of $1,089,700 is appropriated to such <br /> account, and the source of funds shall be: <br /> from the sale of L.I.D. # 725 assessment roll <br /> bonds to Program 892 of Fund 725 . <br /> This appropriation shall not lapse, but shall be continued forward year to <br /> year until fully expended or the purpose has been accomplished or abandoned <br /> without the necessity of reappropriation as per RCW 35.33.151. <br />