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B. Source of Funds <br /> Wetmore Avenue Improvement Project-Program 052 <br /> HES (Safety) Grant-Federal $ 300,000 <br /> Fund 301 -Arterial Streets $ 150,000 <br /> Fund 157 - Traffic Mitigation $ 95,675 <br /> Total Estimated Funds $ 545,675 <br /> Hoyt Avenue Improvement Project-Program 053 <br /> HES (Safety) Grant -Federal $ 300,000 <br /> Fund 301 -Arterial Streets $ 50,000 <br /> Fund 157- Traffic Mitigation $ 25,475 <br /> Total Estimated Funds $ 375,475 <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 and <br /> obtain temporary financing to satisfy interim construction costs. Temporary financing shall be redeemed <br /> 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 competent <br /> jurisdiction, it shall be conclusively presumed that this ordinance would have been enacted without the <br /> provision so held unconstitutional or invalid and I remainder of this ordinance shall not be affected as a <br /> result of said part being unconstitutional or in .. <br /> /. / /J.1A/AP Gi' <br /> E . .ARD P. A o. EN, Mayor <br /> ATTEST: <br /> r(?CITY CLERK <br /> Passed: 3-27-02 <br /> Valid: 4-4-02 <br /> Published: 4-9-02 <br /> Effective: 4-20-02 <br /> gl/wo3088/3089 <br />