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rt <br /> B. Source of Funds <br /> TEA-21 (STPE) - Federal $ 149,426.00 <br /> Port of Everett $ 300,000.00 <br /> Total Estimated Funds $ 449,426.00 <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 <br /> the 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 being unconstitutional or invalid. <br /> div/ „/t/. <br /> EDWA• PHA EN, Mayor <br /> ATTEST: <br /> 117 a te-) <br /> CI CLERK <br /> Passed: 12/26/01 <br /> Valid: 1/02/02 <br /> Published: 1/07/02 <br /> Effective: 1/1 8/0 2 <br /> gl/wo2935 <br />