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Section 4: Section 4 of Ordinance 2451-00 which reads as follows: <br /> The sum of $3,800,000 is hereby appropriated to Fund 342, Program 001, "South <br /> Precinct Police Station". <br /> A. Use of Funds <br /> First Floor Building Upgrades & Police Improvements $2,428,000 <br /> Second Floor Building Upgrades 937,000 <br /> Project Costs 435,000 <br /> TOTAL $3,800,000 <br /> B. Source of Funds <br /> CIP 4 $3,800,000 <br /> C. The appropriation shall not lapse, but shall be carried forward from year to <br /> year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of re-appropriation. <br /> Be and the same is hereby amended to read as follows: <br /> The sum of $4,250,000 is hereby appropriated to Fund 342, Program 001, "South <br /> Precinct Police Station". <br /> A. Use of funds <br /> First Floor Building Upgrades & Police Improvements $2,428,000 <br /> Second Floor Building Upgrades 937,000 <br /> Project Costs 435,000 <br /> Reimbursable Construction Costs 216,301 <br /> Additional Project Improvements 233,699 <br /> $4,250,000 <br /> B. Source of Funds <br /> Genuity & SERS $ 216,301 <br /> CIP 4 4,033,699 <br /> CIP 4 $4,250,000 <br /> C. The appropriation shall not lapse, but shall be carried forward from year to <br /> year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of re-appropriation. <br /> Section 5: The City Treasurer of the City of Everett is hereby authorized to negotiate a <br /> reasonable rate of interest and obtain temporary financing to satisfy interim construction <br /> costs. Temporary financing shall be redeemed as soon as reimbursement is received. <br />