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B. Source of Funds <br /> CMAQ - Federal $ 293,145 <br /> Fund 119— Street Improvements 5,000 <br /> Fund 157—Traffic Mitigation 40,751 <br /> Total Estimated Funds $ 338,896 <br /> C. This appropriation shall not lapse, but shall be carried forward from year <br /> to year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of reappropriation. <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 aff- ted as a result of said part being <br /> unconstitutional or invalid. <br /> / <br /> EDW Alit D. ANSEN, Mayor <br /> ATTEST: <br /> CITY CLERK — r €,Lti, <br /> Passed: 3-14-02 <br /> Valid: 3-22-02 <br /> Published: 3-28-02 <br /> Effective: 4-7-02 <br /> gl/wo2957 <br /> S'\GLarson\WORD\wo2957-Feb.27.doc <br />