Laserfiche WebLink
Section 2 <br /> The City Engineer of the City of Everett, under administration of the Mayor, <br /> is hereby given the responsibility of providing for acquisition of these traffic <br /> signal controllers. <br /> Section 3 <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a <br /> reasonable rate of interest and issue interest bearing warrants to satisfy <br /> interim construction costs not to exceed $71,000. These interest bearing <br /> warrants shall be redeemed by the Treasurer as soon as reimbursement or <br /> long term bond financing monies, as described elsewhere in this Ordinance, <br /> are received. <br /> Section 4 <br /> The sum of $71,000 be appropriated to Fund No. 335 "Traffic Signal <br /> Controllers" in the following manner: <br /> A. Appropriation to Fund No. 335 Program No. 738 <br /> 1. Purchase 9 Multisonics Traffic Signal Controllers $71,000 <br /> TOTAL $71,000 <br /> B. Source of Funds <br /> 1. Federal Aid Program 120 (d) $62,850 <br /> 2. TRF, College Plaza Developers $ 8,150 <br /> TOTAL $71,000 <br />