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ORDINANCE NO. 2120-96 <br /> AN ORDINANCE closing the "7th Avenue SE <br /> Improvements", Fund 356 as established by Ordinance <br /> No. 1693-90 and amended by Ordinance No. 1772-91 <br /> and Ordinance No. 1786-91. <br /> WHEREAS, the "7th Avenue SE Improvements", Fund 356 was established to provide <br /> for the said 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 <br /> uncollected revenues to be received; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> That the "7th Avenue SE Improvements", Fund 356 be closed. <br /> Section 2: <br /> That the final expenses and revenues for the "7th Avenue SE Improvements", Fund 356 <br /> are as follows: <br /> A. Expenses <br /> Total Construction Costs $ 1,636,737 <br /> Interfund Transfer To Fund 301 $ 6,488 <br /> Total Cost $ 1.643.225 <br /> B. Revenues <br /> DOT Federal Grant $ 1,076,399 <br /> Fund 301 - Arterial Streets $ 561,892 <br /> Interest Earnings $ 4,934 <br /> Total Funds $ 1,643.225 <br />