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ORDINANCE NO. .24OSIO-9s EVERETT <br /> AN ORDINANCE creating a special improvement fund entitled "Marine <br /> View Drive, Alverson Bridge to North Broadway", Fund 305, to <br /> accumulate all design and construction costs for the improvement <br /> project. <br /> WHEREAS, the City of Everett is committed to street widening, drainage, pedestrian, bicycle and <br /> traffic improvements on Marine View Drive between Alverson Bridge and North Broadway; and <br /> WHEREAS, this project is part of the planned improvements to Marine View Drive and the City of <br /> Everett has received State and Federal Grants for these improvements; and <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: <br /> A special improvement project is hereby established as Fund 305, "Marine View Drive, Alverson <br /> Bridge to North Broadway" to accumulate all costs for the improvement project. <br /> Section 2: <br /> Authorization is hereby given to accumulate costs and distribute payments from Fund 305 for design <br /> and construction of the improvement project. <br /> Section 3: <br /> Authorization is hereby granted for the "Engineering/Public Services Director", under direction of the <br /> Mayor, to assume full and complete responsibility for conducting all tasks and doing all things to <br /> accomplish the actions authorized in this ordinance. <br /> Section 4: <br /> The sum of$706,044.00 is hereby appropriated to Fund 305, " Marine View Drive, Alverson Bridge <br /> to North Broadway" as follows: <br /> A. Estimated Project Costs <br /> Design $ 706,044 <br /> Total Estimated Cost $ 706,044 <br /> B. Source of Funds <br /> Fund 301 - Arterial Streets $ 88,324 <br /> Transportation Improvement Board (TIB) $ 95,774 <br /> Federal Grant M-9999(137) $ 521,946 <br /> Total Estimated Funds $ 706,044 <br />