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B. Source of Funds <br /> STP (Federal) Preservation Projects $ 134,614.00 <br /> Fund 119 - Street Improvements $ 655,314.00 <br /> Total Estimated Funds $ 789,928.00 <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 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 unconstitutional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of said pmt being unconstitutional or invalid. <br /> EDW• '1 6. HA N, MAYOR <br /> ATTEST: <br /> CITY CLERK —41 ce«rtf , <br /> Passed: 6-27-01 <br /> Valid: 7-2-01 <br /> Published: 7-7-01 <br /> Effective: 7-17-01 <br /> gl/wo2994 <br />