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B. Source of Funds <br /> PSMP Grant - TIB $ 81,920.00 <br /> Fund 154 - CIP III 91,818.00 <br /> Fund 119 - Street Improvements 20,480.00 <br /> Total Estimated Funds $ 194,218.00 <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 and <br /> obtain temporary financing to satisfy interim construction costs. Temporary financing shall be redeemed <br /> 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 competent <br /> jurisdiction, it shall be conclusively presumed that this ordinance would have been enacted without the <br /> provision so held unconstitutional or invalid and the remainder of this ordinance shall not be affected as a <br /> result of said part being unconstitutional or invalid. <br /> /I, ,/ <br /> "RANK E. ANDE'SON, Mayor <br /> ATT ST: <br /> 'L�J :. :4 <br /> Y CLERK <br /> Passed: 8-27-03 <br /> Valid: 8-27-03 <br /> Published: 9-4-03 <br /> Effective: 9-12-03 <br /> gl/wo2959 <br />