Ordinance 1073-84 - Laserfiche WebLink

Section 5 : The City Services Director is hereby given the responsibility of conducting all tasks outlined in Section 4 above. Section 6 : The sum of $630 ,000 is hereby appropriated to Fund 342, "Kasch Park Construction" for specific phases of development . A. Site Preparation - Expenses $ 100,500 Site preparation shall include surveying, cutting and clearing of standing timber , clearing, grading and graveling of a primary access road . B. Site Preparation - Revenues $ 100,500 The source of funds for this phase are as follows: 1 . Fed. Revenue Sharing $50 , 000 2 . General Fund 22,000 3 . Park Fund 10 ,500 4. Sale of Timber 8 ,000 5 . Interest Earnings 10,000 C. Phase I-Baseball Fields - Expense $ 529 ,500 Phase I shall include clearing, grading and seeding of two ball- fields, overhead illumination, fencing, parking lot, underground utilities and continuation of the access road. D. Phase I-Baseball Fields - Revenue $ 529 ,500 The source of funds for this phase are as follows : 1 . IAC Grant $150 ,000 2 . General Fund 354,500 3 . Community Transit 25, 000 Section 7 : The Treasurer of the City of Everett is hereby authorized to obtain interim financing at a reasonable rate of interest to satisfy construction costs not to exceed $630 ,000 . The interim financing may be in any form permitted by law. Interim financing liabilities shall be paid by the Treasurer as soon as permanent financing monies, from sources as described above, are received.