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B. Source of Funds <br /> TEA-21 (Federal) FM Projects $ 599,000 <br /> Fund 301 - Arterial Streets $ 148,200 <br /> Fund 024 - PW Engineering $ 120,000 <br /> Total Estimated Funds $ 867,200 <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 .art being unconstitutional or invalid. <br /> *, 4 I_t_ <br /> EDW, 41 D. H A SEN, MAYOR <br /> ATTEST: <br /> %. .*.r lilt - <br /> CITY CLERIC- <br /> Passed: <br /> LERKPassed: 11/10/98 <br /> Valid: 11/18/98 <br /> Published: 11/25/98 <br /> Effective: 12/04/98 <br /> gl/wo2595 <br />