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ORDINANCE NO. 3363-14 <br />An ORDINANCE closing a special improvement project <br />entitled "41St Street Local Arterial Improvement Projects", <br />Fund 303, Program 069 as established by Ordinance No. <br />3080-08. <br />WHEREAS, the special improvement project entitled "41St Street Local Arterial Improvements" <br />Fund 303, Program 069, was established to provide identified improvements; and <br />WHEREAS, the purpose of the fund has been accomplished; and <br />WHEREAS, there are neither outstanding obligations of the fund to be paid nor uncollected <br />revenues to be received; <br />NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br />Section 1: <br />That the special improvement project entitled "41St Street Local Arterial Improvements" Fund <br />303, Program 069, as established by Ordinance No. 3080-08, be closed. <br />Section 2: <br />That the final expenses and revenues for the "41St Street Local Arterial Improvements" Fund <br />303, Program 069, are as follows: <br />A. Expenses <br />Total Project Costs <br />Design and Construction $ 4,967,016 <br />Total Expenses <br />B. Source of Funds <br />FHWA HP -2776(007) - Federal Grant $ 2,831,276 <br />NCPD-2776(007) - Federal Grant 968,649 <br />Fund 157 - Traffic Mitigation 1,011,022 <br />Fund 301- Arterial Streets 156,069 <br />$ 4,967,016 <br />Total Funds $ 4,967,016 <br />