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ORDINANCE NO. <br /> AN ORDINANCE closing the special construction fund entitled "Everett <br /> Performing Arts Building Chiller Replacement and Cooling Tower Rebuild <br /> Project", Fund 342, Program 024, as established by Ordinance 3599-18. <br /> WHEREAS, the City Council recognized the need to replace the Chiller unit and rebuild <br /> the Cooling Tower located within the Everett Performing Arts Building located at 271.0 <br /> Wetmore Avenue; and <br /> WHEREAS, funding from Capital Improvement Program 1 (CIP 1) was established to <br /> complete the Everett Performing Arts Building Chiller Replacement and Cooling Tower <br /> Rebuild Project; and <br /> WHEREAS, the Everett Performing Arts Building Chiller Replacement and Cooling <br /> Tower Rebuild Project has been completed; and <br /> WHEREAS, there are neither outstanding obligations of the fund to be paid nor <br /> uncollected revenues to be received; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: That the special construction fund, Fund 342, Program 024 entitled "Everett <br /> Performing Arts Building Chiller Replacement and Cooling Tower Rebuild Project" be <br /> closed. <br /> Section 2: The final revenues and expenses for "Everett Performing Arts Building <br /> Chiller Replacement and Cooling Tower Rebuild Project", Fund 342, Program 024 are <br /> as follows: <br /> REVENUES <br /> CIP1 $425,000.00 <br /> Total $425,000.00 <br /> EXPENSES <br /> Construction $373,000.13 <br /> Project Costs $ 21 250.92 <br /> Transfer Out—to CIP 1 $ 30,748.95 <br /> Total $425,000.00 <br /> 2 <br />