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B. Source of Funds <br /> CIP 3 $246,132 <br /> C. The 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 re-appropriation. <br /> Section 5: The City Treasurer of the City of Everett is hereby authorized to negotiate a <br /> reasonable rate of interest and obtain temporary financing to satisfy interim construction <br /> costs. Temporary financing shall be redeemed as soon as reimbursement is received. <br /> Section 6: Severability. If any provision of this ordinance shall be declared <br /> unconstitutional or invalid by any court of competent jurisdiction, it shall be conclusively <br /> presumed that this ordinance would have been enacted without the provision so held <br /> unconstitutional or invalid and the remainder of this ordinance shall not be affected as a <br /> result of said part being unconstitutional or invalid. <br /> CITY OF EVERETT <br /> 144ekibt/01 <br /> Ray V.tt phanson, Mayor <br /> ATTEST: <br /> :4 <br /> -6?C1�Shia n Marks, City)7q0 <br /> k <br /> Passed: 10/17/07 <br /> Valid: 10/22/07 <br /> Published: 10/26/07 <br />