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B. Sources of Funds: <br /> CMAQ-Federal Grant $ 1,160,000.00 <br /> Fund 119- Street Improvements 10,000.00 <br /> Fund 157-Traffic Mitigation 600,000.00 <br /> Fund 425 -Everett Transit 400,000.00 <br /> Total Sources of Funds $ 2,170,000.00 <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 /> The 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 court of <br /> competent jurisdiction, it shall be conclusively presumed that this ordinance would have been <br /> enacted without the provision so held unconstitutional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of said part being unconstitutional or invalid. <br /> jifal <br /> Iffe <br /> 1 <br /> RAY S b'HANS ON, Mayor <br /> ATT ST: <br /> CITY CLERK <br /> Passed: 10-29-08 <br /> Valid: 10-31-08 <br /> Published: 11-5-08 <br /> Effective: 11-15-08 <br /> gVwo3360 <br />