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B. Source of Funds <br /> TIB Grant - State $ 300,035 <br /> Fund 157—Traffic Mitigation 392,455 <br /> Fund 301 —Arterial Streets 25,150 <br /> Total Estimated Funds $ 717.640 <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 <br /> necessity 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 <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 of <br /> competent jurisdiction, it shall be conclusively presumed that this ordinance would have been <br /> enacted without the provision so held unconstitutional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of said part being unconstitutional or invalid. <br /> FRANK E. ANDERSON, Mayor <br /> ATTEST: <br /> CI Y CLERK <br /> Passed: 12-11-02 <br /> Valid: 12-13-02 <br /> Published: 12-18-02 <br /> Effective: 12-29-02 <br /> g1wo2965 <br />