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B. Source of Funds <br /> STPE Federal Grant $ 52,500.00 <br /> Port of Everett 50,000.00 <br /> City of Everett $ 5,000.00 <br /> Total Estimated Funds $ 107,500.00 <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 th- emainder of this ordinance shall not be affected as a <br /> result of said part being unconstitutional or inval' <br /> a,, AW4m <br /> m <br /> EDWA' P II. HA 14 SEN, Mayor <br /> ATT ST: <br /> . <br /> t <br /> f <br /> CITY CLERK <br /> Passed: 6-12-02 <br /> Valid: 6-18-02 <br /> Published: 6-21-02 <br /> Effective: 7-4-02 <br /> gl/wo2938 <br />