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B. Source of Funds <br /> STP (Federal)Enhancement Projects $ 561,601 <br /> CMAQ (Federal) $400,000 <br /> Fund 301 - Arterial Streets $ 82,898 <br /> Fund 119 - Street Improvements $ 82,898 <br /> Total Estimated Funds $ 1,127,396 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year <br /> until fully expended or the purpose has been accomplished or abandoned without <br /> the necessity of 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 /> financing 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 /> JailitA I Ai <br /> 1 ./f. 1w/ <br /> A. .4. <br /> ' / i. HAN•, N, MAYOR <br /> ATTEST: <br /> ,01,4,„&ifyli?„..L..... <br /> CITY CLERK <br /> Passed: 03/18/98 <br /> Valid: 03/24/98 <br /> Published: 04/01/98 <br /> Effective: 04/09/98 <br /> gl/wo2714 <br />