Ordinance 617-79 - Laserfiche WebLink

• 0 . ORDINANCE NO. 6 / 'J - 7 AN ORDINANCE authorizing the design and construction of a storm drain system and water main on East Cady Road and creating a special design and construction fund entitled "East Cady Road Improvements Fund 332. WHEREAS, the City Council of the City of Everett is aware of the need for an outlet pipe from Beverly Lake; and WHEREAS, the existing wood stave water main along East Cady Road is due for replacement and upgrading to current Water Department standards; and WHEREAS, the City Council on March 7, 1979, authorized the Engineering Department to prepare plans and specifications for East Cady Road improvements; and WHEREAS, the City Council on April 18, 1979, authorized award of the construction contract for East Cady Road Improvement: NOW, THEREFORE, be it ordained that: Section 1 A special design and construction fund is hereby established as Fund No. 332 entitled "East Cady Road Improvements". All revenue and expenditures for the design, construction and associated activities required to design and construct the improvement shall be recorded in this fund. Section 2 The City Engineer of the City of Everett under the administration of the Mayor is hereby given the responsibility of providing for the design and construction of the proposed improvements. Section 3 The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of interest and issue interest bearing warrants to satisfy interim construction costs not to exceed $100,000.00. These interest bearing warrants shall be redeemed by the Treasurer as soon as reimbursement or long term bond financing monies, as described elsewhere in this Ordinance, are received. Section 4 The sum of $100,000.00 is hereby appropriated to Fund 332 for the purposes herein specified in the following manner: a. Project Costs Construction Contract Amount $80,000 10% Construction Contingency 8,000 In-House Engineering 12,000 TOTAL $100,000