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B. Source of Funds <br /> Fund 154 - CIP 3 $ 169,950 <br /> Fund 148 $ 111,050 <br /> Total Estimated Funds $ 281,000 <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 reappropriation. <br /> Section 5: <br /> 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 <br /> court of competent jurisdiction, it shall be conclusively presumed that this ordinance <br /> would have been enacted without the provision so held unconstitutional or invalid and the <br /> remainder of this ordinance shall not be affected as a result of said part being <br /> unconstitutional or invalid. <br /> ; <br /> Frank E. Anderson, Mayor <br /> ATTEST: <br /> jiaitti-h/ etAi4J <br /> City Clerk <br /> Passed: 2-26-03 <br /> Valid: 2-27-03 <br /> Published: 3-4-03 <br /> Effective Date: 3-15-03 <br />