HomeMy WebLinkAboutO-0754 - Urban arterial fund warrant issuance (Special)ORDINANCE NO.~S1....!:..:=~-....--
AN ORDINANCE OF THE CTTY OF MARYSVILLE
ESTABLISHING AN URBAN ARTERIAL FUND,
TRANSFERRING FUNDS FROM THE CUMULATIVE
RESERVE STREET CONSTRUCTION AND EQUIPMENT
FUND,AUTHORIZING REIMBURSEMENT TO THE
ARTERIAL STREET FUND AND THE CITY STREET
FUND FOR EXPENSES INCURRED,AND PROVID-
ING FOR ADMINISTRATION OF SAID URBAN
ARTERIAL FUND
WHEREAS,the Clty of Marysvllle has entered Into a
Contract wlth the County of Snohomlsh In WhlCh the Clty IS pre-
parlng plans for the wldenlng of State Avenue-Old Hlghway 99
from Grove Street north to the north end of QUllceda flll,and
WHEREAS,the total proJect cost wlll be $631,000,of
WhlCh 90%wlll be funded through the State of Washlngton's Urban
Arterlal Trust Fund,wlth the Clty of Marysvllle and the County
of Snohomlsh fundlng the remalnlng 10%accordIng to Improvements
actually completed wlthln the boundary of each munICIpalIty,and
WHEREAS,the Clty wlll provlde complete englneerlng and
admlnlstratlon of sald proJect and sald fund of $631,000 00,and
WHEREAS,the Clty of Marysvllle has In fact spent for
englneerlng serVlces for sald proJect the sum of $2,466 79 from the
Arterlal Street Fund,and $3,258 96 from the Clty Street Fund,and
WHEREAS,an emergency eXlsts to establlsh the Urban
Arterlal Fund,WhlCh was unforeseeable,as well as to relmburse
the Arterlal Street Fund and the Clty Street Fund,
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF MARYSVILLE
DO ORDAIN AS FOLLOWS
SectIon 6
requIre the vote of
legIslatIve body of
SectIon 1 There IS hereby establIshed a fund known
as the Urban ArterIal Fund,wIth a total approprIatIon of $631,000,
of whIch 90%wIll be receIved through the State of WashIngton's
ArterIal Trust Fund,and the remaInIng 10%wIll be funded by the
County of SnohomIsh and the CIty of MarysvIlle,accordIng to
Improvements actually completed WIthIn the boundarIes of each
munIcIpalIty
SectIon 2 The Urban ArterIal Fund shall be held and
admInIstered for the sole purpose of constructIng and payIng the
engIneerIng and admInIstratIon costs of the project known as
Pr o j ec t No.8~1'd43(02)
SectIon 3 The CIty Clerk IS hereby dIrected to Issue
a warrant In the sum of $10,000 agaInst the CIty'S CumulatIve
Reserve Street ConstructIon and EqUIpment Fund,and to deposIt
such In the Urban ArterIal Fund
SectIon 4 The CIty Clerk IS further hereby dIrected
to Issue warrants agaInst the Urban ArterIal Fund In the sum of
$2,466 79 and deposIt It In the CIty ArterIal Street Fund,and In
the sum of $3,258 96 and deposIt It In the CIty Street Fund
SectIon 5.ThIS Ordlnancec:h~ll be put to a vote of
the CI ty Council on the 13"day of -XfeT€'l"hbt?Jv ,1971
That for ItS passage,thls OrdInance shall
one more than a maJorIty of all members of the
the CIty
SectIon 7 ThIS OrdInance shall take effect from and
after ItS passabe and approval and fIve (5)days follOWIng ItS
publIcatIon as requIred by law
I
PASSED BY THE CITY COUNCIL OF THE CITY OF MARYSVILLE,
WASHINGTON,thIS /3 day of
THE CITY OF MARYSVILLE
BY~t12J~May 0 r
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