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r ` , <br /> , <br /> ORDINANCE NO. /0 .3- 9- 4/ <br /> AN ORDINANCE amending Sections 3, 4, and 5 <br /> of Ordinance No. 1005-84 for Fund 366, "Design <br /> and Construction of Senior Center/Housing <br /> I <br /> Parking Lot Improvements", and increasing <br /> appropriations to $162,500. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE EVERETT CITY COUNCIL THAT: <br /> Sections 3, 4, and 5 of Ordinance 1005-84, which reads as follows: <br /> Section 3: The total estimated cost of the improvements authorized <br /> is $130,000 which will include all costs related to <br /> design, construction, contract administration, plan <br /> development, and associated costs. <br /> Section 4: A. The sum of $130,000 is hereby appropriated to <br /> Fund 366, "Design and Construction of Senior Center/ <br /> Housing Parking Lot Improvements", Program No. 287. <br /> B. Source of Funds - Community Development Block Grant, <br /> Fund 198, Department of Housing and Urban Development. <br /> 1 <br /> Section 5: The City Treasurer of the City of Everett is hereby <br /> authorized to negotiate a reasonable rate of interest <br /> and issue interest bearing warrants to satisfy interim <br /> construction costs not to exceed $130,000. These <br /> interest hearing warrants shall be redeemed by the <br /> Treasurer as soon as reimbursement or long term bond <br /> financing monies are received. <br /> Is hereby amended to read: <br /> Section 3: The total estimated cost of the improvements authorized <br /> is $162,500 which will include all costs related to <br /> design, construction, contract administration, plan <br /> development, and associated costs. <br /> Section 4: A. The sum of $162,500 is hereby authorized to Fund <br /> 366, "Design and Construction of Senior Center/Housing I <br /> Parking Lot Improvements", Program No. 287. <br /> B. Source of Funds: <br /> 1. Community Development Block Grant, <br /> Fund 198, Department of Housing <br /> and Urban Development $130,000 <br /> 2. General Fund, Cash Forward - - - $ 28,000 <br /> 3. Everett Housing Authority - - - - $ 4, 500 <br /> Section 5: The City Treasurer of the City of Everett is hereby <br /> authorized to negotiate a reasonable rate of interest <br /> and issue interest bearing warrants to satisfy interim <br /> construction costs not to exceed $162,500. These <br /> interest bearing warrants shall be redeemed by the <br /> Treasurer as soon as reimbursement or long term bond <br /> financing monies are received. <br /> C TY OF EVERETT <br /> AT ST: 71229_..."1,1,67-- --- <br /> 'MAYOR <br /> , <br /> _Alt -J/. w/� _ 411%. C <br /> City Clerk <br /> Passed: 4.7- - i --F / • <br /> Valid: S2' d - Fge <br /> Published: F` F'I-7y <br />