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B. Source of Funds <br /> Fund 303 Mitigation Fees $133,000 <br /> Fund 148 Mitigation Fees $ 43,038 <br /> Total Estimated Funds $ 176,038 <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 /> r - <br /> Frank E. Anderson, Mayor <br /> ATTEST: <br /> I <br /> Sif <br /> .City Clerk <br /> Passed: 6/25/03 <br /> Valid: 6/27/03 <br /> Published: 7/5/03 <br /> Effective Date: 7/12/03 <br />