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r► <br /> B. Source of Funds <br /> Debt Proceeds $ 15,000,000 <br /> C. The appropriation shall not lapse, but shall be carried forward from year to year <br /> until fully expended or the purpose has been accomplished or abandoned without <br /> 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 /> Section 6: Severability. If any provision of this Ordinance shall be declared <br /> unconstitutional or invalid by any court of competent jurisdiction, it shall be conclusively <br /> presumed that this Ordinance would have been enacted without the provision so held <br /> unconstitutional or invalid and the remainder of this Ordinance shall not be affected as a <br /> result of said part being unconstitutional or invalid. <br /> CITY OF EVERETT <br /> ttiv4t2444140Z1 <br /> rank E. Anderson, Mayor <br /> ATTEST: <br /> It I/ <br /> / . _Si .a <br /> Sharon Marks, City C erk <br /> Passed: 8-28-02 <br /> Valid: 8-29-02 <br /> Published: 9-3-02 <br /> Effective: 9-14-02 <br />