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<br /> 3. Waterline Improvements, W.O. 1664, Program 284, $191,030
<br /> 1980 Water/Sewer Revenue Bond Fund 346
<br /> 4. Asphalt Overlay, W.O. 1662, Program 285 $ 66,385
<br /> $661,425
<br /> Section 5: The City Treasurer of the City of Everett is hereby authorized
<br /> to negotiate a reasonable rate of interest and issue interest bearing
<br /> warrants to satisfy interim construction costs not to exceed $661,425.
<br /> These interest bearing warrants shall be redeemed by the Treasurer as soon
<br /> as reimbursement or long term bond financing monies, as described
<br /> elsewhere in this ordinance, are received.
<br /> is hereby amended to read:
<br /> Section 3: The total estimated cost of the improvement herein authorized
<br /> is $646,908 which shall include all costs related for the design,
<br /> construction, contract administration, plan development, and associated
<br /> costs as follows:
<br /> 1. Colby Tile, Parking Improvements, Corner $319,667
<br /> Treatments, and Surface Restoration for
<br /> Waterline
<br /> W.O. 1651, Program 283
<br /> 2. Mid-Block Crossings $ 89,919
<br /> W.O. 1667, Program 286
<br /> 3. Waterline $154,880
<br /> W.O. 1664, Program 284
<br /> 4. Asphalt Overlay $ 82,442
<br /> W.O. 1662, Program 284
<br /> TOTAL COST $646,908
<br /> Section 4: The sum of $646,908 is hereby appropriated to Fund 365, "Design I
<br /> and Construction of Colby Avenue Tile, Water, and Parking Improvements".
<br /> Sources of funds are as follows:
<br /> 1. Colby Tile, Parking Improvements, and Corner Treatments, W.O. 1651,
<br /> Program 283.
<br /> (a) Community Development Block Grant Fund $155,000
<br /> 198 - Department of Housing and Urban
<br /> Development
<br /> (b) 1980 Water/Sewer Revenue Bond Fund 346 $ 44,000
<br /> (Surface Repair for Waterline Work)
<br /> (c) 0.3% Transportation Sales Tax $ 75,000
<br /> (d) Street Overlay Fund 120 $ 45,667
<br /> SUB TOTAL $319,667
<br /> 2. Mid-Block Crossings, W.O. 1667, Program 286
<br /> (a) Transit Accessibility Grant No. 425 Fund 284 $ 50,000
<br /> Urban Mass Transit Authority (UMTA)
<br /> (b) Community Development Block Grant (HUD), $ 15,000
<br /> Fund 198
<br /> (c) Street Overlay Fund 120 $ 24,919
<br /> SUB TOTAL $ 89,919
<br /> NOTE: The first $50,000 in project costs to be charged against Fund
<br /> 284.
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