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.2` r <br /> .1 <br /> • Section 3: <br /> The total estimated cost of the improvements herein <br /> authorized is $1,332,600 which shall include all cost <br /> of the design, plan and specification prparation, <br /> construction and associated costs. <br /> Section 5: <br /> The sum of $1,332,600 be appropriated for the purposes herein <br /> specified in the following manner: <br /> a. Fund 314 - NORTH BROADWAY IMPROVEMENTS <br /> 1. Program 603 - NORTH BROADWAY IMPROVEMENT 1,332,600 <br /> b, SOURCE OF FUNDS <br /> Community Development Reserve Fund 760,000 <br /> (Fund 150) <br /> Water Fund (Fund 410) 135,000 <br /> 1/2 Cent Gas Tax (Fund 301) 89,402 <br /> FAM Funds 348,198 <br /> TOTAL $1,332,600 <br /> c. This appropriation shall not lapse, but shall be carried <br /> forward from year to year until fully expended or the <br /> purpose has been accomplished or abandoned, without <br /> necessity of reappropriation, as per R.C.W. 35.33.151. <br /> Section 2: That Section 6 be added to Ordinance No. 445-77 and shall read <br /> as follows: <br /> Section 6: <br /> The City Treasurer of the City of Everett is hereby authorized to <br /> issue construction warrants as funds are required, but not to <br /> exceed $437,600, to a local bank for interim construction financing <br /> at a reasonable rate of interest. <br /> CITY OF EVERETT <br /> MAYOR <br /> ATTEST �-t.� •, ",��.��, ��' <br /> CITY CLERK <br /> APPROVED AS TO FORM: <br /> CITY ATTORNEY <br /> PASSED: l - / -7 <br /> VALID: ', —79 <br /> PUBLISHED: C-1- -7 <br /> -2- <br />