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r <br /> B. Source of Funds <br /> TIB Grant- State $ 1,273,500 <br /> Fund 119- Street Improvements $ 100,000 <br /> Fund 157-Traffic Mitigation $ 226,500 <br /> Fund 301 -Arterial Streets $ 150,000 <br /> Total Estimated Funds $ 1,750,000 <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 reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of <br /> 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 of <br /> competent jurisdiction, it shall be conclusively presumed that this ordinance would have been <br /> enacted without the provision so held unconsti . ional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of sai• <br /> 1„,- being unconstitutional or invalid. <br /> A.J/ <br /> EDWA' t _i • `SEN, Mayor <br /> ATTEST: <br /> \-•,-.�/ t��r3 z I �. -y-) <br /> CITY CLERK -, ,�-*-, <br /> Passed: 9-6-00 <br /> Valid: 9-12-00 <br /> Published: 9-16-00 <br /> Effective: 9-28-00 <br /> gl/wo2981 <br />