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B. Source of Funds <br /> TEA-21 (Federal) Grant $ 740.000.00 <br /> Fund 154 — CIP III 197.085.00 <br /> Fund 303 — Program 021 (Sidewalks) 85.867.00 <br /> Fund 301 — Arterial Streets 150.000.00 <br /> Total Estimated Funds $ 1,172,952.00 <br /> C. This appropriation shall not lapse. but shall be carried forward from year to year until fully <br /> expended or the purpose has been accomplished or abandoned without the necessity of <br /> reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of interest <br /> and obtain temporary financing to satisfy interim construction costs. Temporary financing shall be <br /> 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 /> 4z=7"<7ter, <br /> FRANK E. ANDERSON, MAYOR <br /> ATTEST: <br /> J .n _ rr <br /> CI Y CLERK <br /> Passed: 8-27-03 <br /> Valid: 8-27-03 <br /> Published: 9-4-03 <br /> Effective: 9-12-03 <br /> g lr wo2857 <br />