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B. Source of Funds <br /> STP (Federal) $ 785,000 <br /> Fund 119 - Street Improvements $ 22,000 <br /> Fund 119 - Street Improvements $ 23,000 <br /> Fund 119 - Street Improvements $ 60.000 <br /> Total Estimated Funds $ 890,000 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year until fully <br /> expended or the purpose has been accomplished or abandoned without the necessity of <br /> reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of interest <br /> and obtain temporary financing to satisfy interim construction costs. Temporary financing shall be <br /> 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 enacted <br /> without the provision so held unconstitutional or invalid and the remainder of this ordinance shall not <br /> be affected as a result of said part being unconsti,,<ional or invalid. <br /> i <br /> _ ! &'.i D. H• SEN, MAYOR <br /> ATTEST: <br /> jilLealx.) nqa4112.4---• <br /> CITY CLERK <br /> Passed: 3-27-02 <br /> Valid: 4-4-02 <br /> Published: 4-9-02 <br /> Effective: 4-20-02 <br /> gI/wo2696 <br />