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• — r <br /> B. Source of Funds <br /> CIP III - P.W. Projects $ 700,000 <br /> Fund 301 —Arterial Streets $ 125,000 <br /> Fund 119 — Street Improvements $ 188,512 <br /> Fund 157 —Traffic Mitigation $ 50,738 <br /> Total Estimated Funds $ 1,064,250 <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 /> /% 2A?), <br /> / <br /> 'TY ' ' , • ;j ", Y ayor <br /> ATTEST: <br /> elk . :. Aro <br /> ).1,14e: L <br /> Passed: 11-17-99 <br /> Valid: 11/22/99 <br /> Published: 11/27/99 <br /> Effective: 12/8/99 <br /> gllwo2888 <br />