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1 ` <br /> A. Estimated Project Costs <br /> Preliminary Engineering $ 54,516 <br /> Construction $ 370,560 <br /> Total Estimated Cost $425,076 <br /> B. Source of Funds <br /> STPH (Federal) Hazard Elimination $ 153,000 <br /> Fund 157 - Traffic Mitigation $ 20,055 <br /> Fund 301 - Arterial Streets $ 252,021 <br /> Total Estimated Funds $425,076 <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 <br /> 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 /> EDWARD i. HA .EN, MAYOR <br /> ATT T: <br /> CITY CLERK <br /> Passed: 04/01/98 <br /> Valid: 04/08/98 <br /> Published: 04/15/98 <br /> Effective: 04/24/98 <br /> gl/wo2754 <br />