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e . <br /> B. Source of Funds <br /> CIP III - P.W. Projects $ 275,000 <br /> Total Estimated Funds $ 275,000 <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 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 unconsti ional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of s *i r art being unconstitutional or invalid. <br /> 4,4d a44m, <br /> EDW• :.. D. SEN, Mayor <br /> ATTEST: <br /> CIT CLERK <br /> Passed: 8/4/99 <br /> Valid: 8/9/99 <br /> Published: 8/13/99 <br /> Effective: 8/25/99 <br /> gl/wo2929 <br /> 2 <br />