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Section 4: The sum of $983,000.00 is hereby appropriated to Fund 342, Program 013 <br /> "Everett Senior Activity Center Expansion". <br /> A. Use of Funds: <br /> Design Cost $ 79,000 <br /> Construction Costs $ 657,000 <br /> Equipment Costs $ 151,000 <br /> Contingency & Permits $ 96,000 <br /> Total $ 983,000 <br /> B. Source of Funds: <br /> Federal (HUD) $ 588,000 <br /> State (Community Dept.) $ 395,000 <br /> Total Award $ 983,000 <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: Severability. 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 /> Qtft <br /> All;64114A46/..c.--- <br /> Ray phanson, Mayor <br /> Attest <br /> haron Marks, City lerk <br /> Passed: 12/3/08 <br /> Valid: 12/8/08 <br /> Published: 12/12/08 <br /> Effective: 12/23/08 <br />