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B. Source of Funds <br /> TIB (State) Grant $ 107,739.00 <br /> Fund 301 —Arterial Streets 105,000.00 <br /> Fund 154 — CIP 3 (Sidewalk) 45,000.00 <br /> Total Estimated Cost $ 257,739.00 <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 necessity <br /> 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 be <br /> affected as a result of said part being unconstitutional or invalid. <br /> /j <br /> RA TEPH NSON, Mayor <br /> ATT ST: <br /> CITY CLERK <br /> Passed: 1-7-04 <br /> Valid: 1412-04 <br /> Published: 1-16-04 <br /> Effective: 1-27-04 <br /> gllwo3194 <br />