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B. Source of Funds <br />Federal Funds — HSIP <br />Total Estimated Funds <br />$ 411,000.00 <br />$ 411.000.00 <br />4 <br />C. This appropriation shall not lapse, but shall be carried forward from year to year until <br />fully expended or the purpose has been accomplished or abandoned without the necessity of <br />reappropriation. <br />Section 5: <br />The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of <br />interest and obtain temporary financing to satisfy interim construction costs. Temporary <br />fmancing shall be redeemed as soon as reimbursement is received. <br />Section 6: Severability. <br />If any provision of this ordinance shall be declared unconstitutional or invalid by any court of <br />competent jurisdiction, it shall be conclusively presumed that this ordinance would have been <br />enacted without the provision so held unconstitutional or invalid and the remainder of this <br />ordinance shall not be affected as a result of said part being unconstitutional or invalid. <br />AT PEST: <br />CITY CLERK <br />Passed:. <br />Valid: <br />Published: <br />Effective: <br />W03544 Ord <br />RAY S 1'EPHANSON, Mayor <br />21 <br />