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N <br /> B. Source of Funds <br /> PSMP Grant- TIB $ 81,920 <br /> Fund 119— Street Improvements $ 20,480 <br /> Total Estimated Funds $ 102,400 <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 're nal or invalid and the remainder of this <br /> ordinance shall not be affected as a result of said .. being unconstitutional or invalid,. <br /> dta/id _._s i a•afr/444h,/, <br /> EDWAR P " HANS'N, Mayor <br /> ATTEST: <br /> i <br /> S/ 11_.2 It _ <br /> ITY CLERK <br /> Passed: 2/7/01 <br /> Valid: 2/15/01 <br /> Published: 2/19/01 <br /> Effective: 3/3/0 1 <br /> gl/wo2959 <br />