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. r <br /> B. Source of Funds <br /> TEA-21 (Federal) Funds $ 4,970,765 <br /> FM (State) Funds $ 600,000 <br /> Fund 119 - Street Improvements $ 300,000 <br /> Fund 157 - Traffic Mitigation $ 130,000 <br /> Fund 301 - Arterial Streets $ 212,691 <br /> Total Estimated Funds $ 6,213,456 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to <br /> year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable <br /> rate of interest and obtain temporary financing to satisfy interim construction costs. <br /> Temporary 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 <br /> court of competent jurisdiction, it shall be conclusively presumed that this ordinance <br /> would have been enacted without the provision so held unconstitutional or invalid and <br /> the remainder of this ordinance shall not be affected as a result of said part being <br /> unconstitutional or invalid. <br /> �/ 4JaNar,� <br /> • i' D. HA EN, MAYOR <br /> ATTEST: <br /> ` <br /> 4/ WY • alti <br /> CI CLERK <br /> Passed: 05/05/99 <br /> Valid: 05/07/99 <br /> Published: 05/13/99 <br /> Effective: 05/23/99 <br /> gUwo2902 <br />