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1 . If the law establishing a source of funds for a particular <br /> project excludes works of art or cultural projects as one of the <br /> items for which such funds may be expended , the amount of funds from <br /> that source shall be excluded from the total project cost in making <br /> said calculation ; <br /> 2. Projects which are funded by one or more of the following <br /> sources shall have excluded from the total project cost that amount <br /> provided by the following sources : <br /> a. One-half cent gasoline tax ; <br /> b . Community Development Block Grants ; <br /> c. Federal Revenue Sharing ; <br /> d. Other federal , state or local grants ; <br /> e. Utility and transit fund projects ; and <br /> f . LID projects unless specifically authorized in <br /> the LID process <br /> B. The one percent (1% ) figure described in subsection (A) <br /> shall not be modified because of subsequent change orders . The <br /> amount shall remain fixed. <br /> C. The one percent (1% ) figure shall be calculated as <br /> follows : 1% multiplied by Total Project Cost per bid award <br /> multiplied by the percent of Total Project Cost paid by eligible <br /> funds as described herein. <br /> D. The transfer to the Municipal Arts Fund shall be made as <br /> soon as the contract is awarded for the municipal construction <br /> project. <br /> Section 4 : MUNICIPAL ARTS FUND. <br /> A. Section 4 of Ordinance No. 331-74 reads as follows : <br /> That there is hereby created a special fund entitled the <br /> "Municipal Arts Fund" from which funds shall be paid the Everett <br /> Civic Arts Commission expenses incurred in the performance of <br /> its duties and responsibilities under this and any other <br /> appropriate ordinances of the City of Everett . <br /> be and the same is hereby amended to read as follows : <br /> There is hereby created a special fund entitled the "Municipal <br /> Arts Fund" which is designated a reserve fund for cultural <br /> purposes . Appropriations from the Municipal Arts Fund shall <br /> include appropriations for such things as studies , historic <br /> projects , works of art , artistic performances and exhibitions , <br /> competitions for works of art , grants , costs incurred for such <br /> things as installation and maintenance of the works of art , <br /> cultural projects , land acquisition as well as design and <br /> construction for projects . <br /> B. Appropriations from the Municipal Arts Fund shall only be <br /> made by the City Council based upon recommendations made by the <br /> Commission. <br /> C. The source of funds for the Municipal Arts Fund shall be a <br /> percentage allocation from municipal construction projects and/or <br /> such other sources as may be designated. In addition, the Municipal <br /> Arts fund may receive monies on an annual basis from the General <br /> Fund if so budgeted by the City Council . <br /> D. The Municipal Arts Fund shall be eligible for grants and <br /> -2- <br />