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Total $8,400,000 <br /> B. Source of funds <br /> CIP 4 $8,400,000 <br /> Total $8,400,000 <br /> C. The appropriation shall not lapse, but shall be carried forward from year to <br /> year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of re-appropriation. <br /> Section 5: The City Treasurer of the City of Everett is hereby authorized to negotiate a <br /> reasonable rate of interest and obtain temporary financing to satisfy interim construction <br /> costs. Temporary financing shall be redeemed as soon as reimbursement is received. <br /> Section 6: Serverability. If any provision of this ordinance shall be declared <br /> unconstitutional or invalid by any court of competent jurisdiction, it shall be conclusively <br /> presumed that this ordinance would have been enacted without the provision so held <br /> 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 /> CITY OF EVERETT <br /> / 4SIF / � <br /> Ray P•hanso' , Mayor <br /> Attest: <br /> Sharon Marks, City Cler <br /> Passed: 3-14-08 <br /> Valid: 3-17-08 <br /> Published: 3-19-08 <br />