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B. Source of Funds <br /> CMAQ Grant - Federal $ 47,567 <br /> Fund 425 - Everett Transit $ 7,433 <br /> Total Estimated Funds $ 55,000 <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 unconstit tional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of sai• T rt being unconstitutional or invalid. <br /> dffnil 4, a44dek., <br /> EDWA' 0. HA I S N, Mayor <br /> ATTEST: <br /> CIT CLERK <br /> Passed: 11-1-00 <br /> Valid: 11-3-00 <br /> Published: 11-8-00 <br /> Effective: 11-18-00 <br /> gl/wo300I <br />