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w <br /> A <br /> B. Source of Funds <br /> Fund 162 - Capital Project Reserve Fund $ 300,000 <br /> Total Estimated Funds $ 300,000 <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 <br /> the necessity of re-appropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate <br /> of 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 <br /> of competent jurisdiction, it shall be conclusively presumed that this ordinance would have <br /> been enacted without the provision so held unco'K titutional or invalid and the remainder of <br /> this ordinance shall not be affected as a result 5 :aid part being unc% stitutional or invalid. <br /> i '._�_1G�G?��/vC- <br /> ' SEN, Mayor <br /> ATTEST: <br /> ' ,-_ (t- y» I )___,- �--(CITY CLERK <br /> Passed: 5-24-00 <br /> Valid: 5-30-00 <br /> Published: 6-5-00 <br /> Effective Date: 6-14-00 <br /> M1m/Capproj/cip354_015 <br />