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B. Source of Funds <br /> HES (Safety) Grant - Federal $ 36,000 <br /> Fund 301 -Arterial Streets $ 9,749 <br /> Fund 157- Traffic Mitigation $ 38,997 <br /> Total Estimated Funds $ 84,746 <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 financing <br /> 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 rt being unconstitutional or invalid. <br /> EDW• 'Si ' •• EN, Mayor <br /> ATTEST: <br /> /,!,mac ) h7 �Q , <br /> CITY CLERK <br /> Passed: 9-12-01 <br /> Valid: 9-18-01 <br /> Published: 9-22-01 <br /> Effective: 10-4-01 <br /> gl/wo291 9 <br />