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B. Source of Funds <br /> STP (Federal) $ 759,000 <br /> Fund 119 - Street Improvements $ 48,000 <br /> Fund 154 - CIP III $ 97,803 <br /> Fund 157 - Traffic Mitigation $ 23,000 <br /> Fund 301 - Arterial Streets $ 60,000 <br /> Total Estimated Funds $ 987,803 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year until <br /> fully expended or the purpose has been accomplished or abandoned without the necessity <br /> of reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of <br /> interest and obtain temporary financing to satisfy interim construction costs. Temporary financing <br /> 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 of <br /> competent jurisdiction, it shall be conclusively presumed that this ordinance would have been enacted <br /> without the provision so held unconstitutional or invalid and the remainder of this ordinance shall not <br /> be affected as a result of said part being unconstitutional or invalid. <br /> FRANK E. ANDERSON, MAYOR <br /> ATTEST: <br /> CITY CLERK <br /> Passed: 11-13-02 <br /> Valid: 11-15-02 <br /> Published: 11-20-02 <br /> Effective: 12-1-02 <br /> gl/wo2696 <br />