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A. Estimated Project Costs <br /> Preliminary Engineering, Design <br /> And Construction Costs $ 600,000 <br /> Total Estimated Cost $ 600,000 <br /> B. Source of Funds <br /> Fund 162 - Capital Project Reserve Fund 5 $ 400,000 <br /> Private Contribution - Phil Johnson $ 200,000 <br /> Total Estimated Funds $ 600,000 <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 ; 'tutional or invalid and the remainder of <br /> this ordinance shall not be affected as a result o .id part being unco►stitutional or invalid. <br /> Aka <br /> :%,Ar_Lillii 4444,41_, <br /> ED .. • 6 :EN, Mayor <br /> ATTEST: <br /> N. //' <br /> •--) -) J )::-__,,,--I_' <br /> _ -.____., <br /> CITY CLERK - \L Cuz� <br /> J <br /> Passed: 5-24-00 <br /> Valid: 5-30-00 <br /> Published: 6-5-00 <br /> Effective Date: 6-14-00 <br /> MI m/Capproj/cip354_001 <br />