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• <br /> B. Source of Funds <br /> Fund 162-Capital Project Reserve Fund 5 $ 735,000 <br /> Total Estimated Funds $ 735,000 <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 unconstituf onal or invalid and the remainder of this <br /> ordinance shall not be affected as a result of siai s !If being unconstitutional or invalid. <br /> Ji".109111-1/ <br /> ED , °s' I 'P it SEN,Mayor <br /> ATTEST: <br /> IT C ' <br /> Passed: 11-14-01 <br /> Valid: 11-21-01 <br /> Published: 11-26-01 <br /> Effective Date: 12-7-01 <br /> M1m/Capproj/cip354_018 <br />