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B. Source of Funds <br /> TEA-21 - Federal $ 3,667,337.00 <br /> Fund 162 - CIP Funds 1,500,000.00 <br /> Total Estimated Cost $ 5,167,837.00 <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 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 /> /#6 ' <br /> NK E. ANDERSON, Mayor <br /> ATT ST: <br /> 11/ <br /> CITY CLERK <br /> Passed: 12-11-02 <br /> Valid: 12-13-02 <br /> Published: 12-18-02 <br /> Effective: 12-29-02 <br /> gt/wo3124 <br />