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A. Estimated Project Costs <br /> Preliminary Engineering/Right of Way $ 260,738 <br /> Construction 1,057,016 <br /> Total Estimated Cost $ 1,317.754 <br /> B. Source of Funds <br /> Public Works Trust Fund (State) $ 155,110 <br /> Pedestrian Facility Program (TIB) 549,340 <br /> HP-0420(003) (State) 54,358 <br /> Fund 157 -Traffic Mitigation 301,439 <br /> Fund 154 — CIP III 246,914 <br /> Interest Earnings 10,593 <br /> Total Estimated Funds $ 1.317.754 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year until <br /> fully expended or the purpose has been accomplished or abandoned without the <br /> 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 uncons f ional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of s • part being unconstitutional or invalid. <br /> 4/ L/�1I <br /> ate--.._ <br /> EDWA- P 1. HAN N, MAYOR <br /> ATTEST: <br /> -) ifs <br /> / , :::,__, /, -i <br /> ,2<s 'Pi ii.L.e) ., ?C1,....L-‘-----/'/ <br /> CITY CLERK <br /> Passed: 12-27-00 <br /> Valid: 12-29-00 <br /> Published: 1-03-01 <br /> Effective: 1-14-01 <br /> gl/wo281 3 <br />