Laserfiche WebLink
1 A. Appropriation to Fund No. 335 Program No. 738 <br /> 2 1. Prepare Plans Specifications 6,500 <br /> and Estimates <br /> 3 <br /> 2. Purchase four "170" Traffic 72,000 <br /> 4 Signal Controllers <br /> 5 3. Construction 36,500 <br /> 6 TOTAL $115,000 <br /> 7 B. Source of Funds <br /> 8 1. Federal Aid Program 120 (d) $115,000 <br /> 9 TOTAL $115,000 <br /> 10 C. Purpose <br /> 11 1. To purchase four controllers for Moduvac traffic controllers and <br /> install them improving traffic safety and movement. <br /> 12 <br /> ARE HEREBY AMENDED AS FOLLOWS: <br /> 13 <br /> 14 Section 3: <br /> 15 The City Treasurer of the City of Everett is hereby authorized to negotiate <br /> a reasonable rate of interest and issue interest bearing warrants to satisfy <br /> 16 interim construction costs not to exceed $83,000. These interest bearing <br /> warrants shall be redeemed by the Treasurer as soon as reimbursement <br /> 17 or long term bond financing monies, as described elsewhere in this Ordinance, <br /> are received. <br /> 18 <br /> 19 Section 4: <br /> • <br /> 20 The sum of $83,000 be appropriated to Fund No. 335 "Traffic Signal <br /> Controllers" in the following manner: <br /> 21 <br /> 22 A. Appropriation to Fund No. 335 Program No. 738 <br /> 23 1. Purchase eight "170" Traffic $83,000 <br /> Signal Controllers <br /> 24 <br /> 25 TOTAL $83,000 <br /> 26 B. Source of Funds <br /> 27 1. Federal Aid Program 120 (d) $65,000 <br /> 28 2. Y4 Gas Tax 18,000 <br /> 29 TOTAL $83,000 <br /> 30 <br /> 31 <br /> 32 <br /> -2- <br />