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B. Source of Funds <br /> Wetmore Avenue Improvement Project—Program 052 <br /> HES (Federal) Grant $ 293,578.00 <br /> Fund 154—CIP III 150,000.00 <br /> Fund 157—Traffic Mitigation 304,240.00 <br /> Fund 301 —Arterial Streets 287,685.00 <br /> Fund 119—Street Improvements 25,000.00 <br /> Total Estimated Funds $ 1,060,503.00 <br /> Hoyt Avenue Improvement Project—Program 053 <br /> HES (Federal) Grant $ 293,428.00 <br /> Fund 154—CIP III 113,868.00 <br /> Fund 157—Traffic Mitigation 225,000.00 <br /> Fund 301 —Arterial Streets 74,562.00 <br /> Fund 119— Street Improvements 1,000.00 <br /> Total Estimated Funds $ 707,858.00 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year until <br /> fully expended or the purpose has been accomplished or abandoned without the <br /> necessity of 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 /> / A le /,) // <br /> •if TEP •NSON, Mayor <br /> ATTE.T: <br /> SLIJAV. I_ L <br /> CITY CLERK <br /> Passed: 12-17-03 <br /> Valid: 12-19-03 <br /> Published: 12-26-03 <br /> Effective: 01-03-04 <br /> W03088&3089 Ordinance.doc <br />