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A. Estimated Project Costs <br /> Capital expenses as allowed by federal law, such <br /> as Equipment Purchases and preliminary <br /> engineering, design and development costs of <br /> capital equipment and related facilities $300,000 <br /> Total Estimated Cost $300.000 <br /> B. Source of Funds <br /> Capital Contribution — AT & T Cable TV Franchise $ 300,000 <br /> Total Estimated Funds $ 300,000 <br /> C. This 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: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate <br /> of interest and obtain temporary financing to satisfy interim construction costs. Temporary <br /> financing shall be 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 <br /> of competent jurisdiction, it shall be conclusively presumed that this ordinance would have <br /> been enacted without the provision so held unconstitutional or invalid and the remainder of <br /> this ordinance shall not be affected as a result of said part being unconstitutional or invalid. <br /> rank Anderson Mayor <br /> ATTEST: <br /> CITY CLERK _1 c � <br /> Passed: 10-23-02 <br /> Valid: 10-28-02 <br /> Published: 10-31-02 <br /> Effective Date: 11-12-02 <br />