Ordinance 1207-85 - Laserfiche WebLink

mmimmimmilmmmmimmiumwAMMINIMANIMMMMOMWM A • • p ORDINANCE NO. ` Q 52— S5' AN ORDINANCE amending Plan and Systems Ordinance Nos. 1149-85, 1150-85, 1151-85 and 1177-85, changing Fund Numbers 373, 374, 375 and 376 to 713, 714, 717 and 720 respectively. WHEREAS, State Law provides that all of the activity for each Local Improvement District ( L. I .D. ) be accounted for in its own fund; and WHEREAS, It has been declared by the Bond Counselor to the City of Everett that State Law requires that Local Improvement District (L. I .D. ) activity be confined to one fund; and WHEREAS, L. I .D. 's fall under the Special Assessment Grouping of Funds in the Budgeting, Accounting, and Reporting System (BARS) Manual : NOW THEREFORE, BE IT ORDAINED BY THE EVERETT CITY COUNCIL THAT: Section l: That sections 1 and 3 of Ordinance No. 1149-85 which read as follows;: Section 1: A special construction fund is hereby established as fund 373, entitled "Design and Construction of Evergreen Way Improvements" to accomplish the actions authorized by Ordinance 1109-85 creating L.I .D. 713. Section 3: The sum of $2,139,500 is hereby appropriated to Fund 373, "Design and Construction of Evergreen Way Improvements" The source of funds for the above appropriations shall be as follows: Program 340, Evergreen Way Improvements: $2,039,500 - Fund 373 L. I .D. 713 Assessment Roll/Bond Sale 100,000 - Fund 301 - 2 Cent Gas Tax $2,139,500 Are hereby amended as follows : Section 1: A special construction fund is hereby established as fund 713, entitled "Design and Construction of Evergreen Way Improvements" to accomplish the actions aurhorized by Ordinance 1109-85 creating L. I . D. 713. Section 3: The sum of $2,139,500 is hereby appropriated to Fund 713, "Design and Construction of Evergreen Way Improvements" . The source of funds for the above appropriations shall be as follows: Program 340, Evergreen Way Improvements: $2,039,500 - Fund 713 L. I .D. 713 Assessment Roll/Bond Sale 100,000 - Fund 301 - 2 Cent Gas Tax $2,139,500 Section 2: That section 1 and 3 of Ordinance No. 1150-85 which read as follows: Section 1: A special construction fund is hereby established as Fund 374, entitled "Design and Construction of Everett Mall Way Improvements" to accomplish the actions authorized by Ordinance 1130-85 creating L.I .D. 714-A.