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B. Source of Funds <br /> Fund 1'62—Capital Project Reserve Fund 5 $1, 800,000 <br /> Total Estimated Funds $1,800,000 <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 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• I,art being unconstit tional or invalid. <br /> ED A' a HA Mayor <br /> ATTEST: <br /> ell- Ltaltj <br /> )7q2j174 <br /> Passed: 5/9/01 <br /> Valid: 5/11/01 <br /> Published: 5/17/01 <br /> Effective Date: 5/26/01 <br /> Mlm/Capproj/cip3 54_017 <br />