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Section 4: <br /> The sum of$3,450,000 is hereby appropriated to Fund 354, Program 049, "Kasch Park <br /> Multipurpose Fields 2 and 3 -Replacement and Renovation" as follows: <br /> A. Estimated Project Costs <br /> Construction $3,450,000 <br /> Total Estimated Costs $3,450,000 <br /> B. Source of Funds <br /> Fund 154-CIP 3 $2,700,000 <br /> Washington State Recreation& Conservation Office $ 750,000 <br /> Total Estimated Funds $3,450,000 <br /> 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 necessity <br /> of re-appropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable <br /> rate of interest and obtain temporary financing to satisfy interim construction costs. <br /> Temporary 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 <br /> court of competent jurisdiction, it shall be conclusively presumed that this ordinance <br /> would have been enacted without the provision so held unconstitutional or invalid and the <br /> remainder of this ordinance shall not be affected as a result of said part being <br /> unconstitutional or invalid. <br /> L �;/� rr <br /> Ray Ste son, ayo f <br /> Ay ST: <br /> ..i. 1/ • <br /> City Clerk <br /> Passed: 4-6-2016 <br /> Valid: 4-16-2016 <br /> Published: 4-22-2016 • <br /> Effective Date: 5-01-2016 <br />