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A. Estimated Project Costs <br /> Master Planning $95,400 <br /> Preliminary Engineering , <br /> Design and Construction <br /> Costs - Phase 1 $ 404,600 <br /> Total Estimated Cost $ 500,000 <br /> B. Source of Funds <br /> Fund 162 - Capital Project Reserve Fund $ 500,000 <br /> Total Estimated Funds $ 500,000 <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 unconstitutional or invalid and the remainder of <br /> this ordinance shall not be affected as a result . said part being unconstitutional or invalid. <br /> U'/ 1 <br /> W• 'D D. H NSEN, Mayor <br /> ATTEST: <br /> Wgt.A.6.700(412.2.1 ERK <br /> Passed: 08/09/00 <br /> Valid: 08/10/00 <br /> Published: 08/16/00 <br /> Effective Date: 08/25/00 <br /> M1m/Capproj/cip354_016 <br />