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B. Source of Funds <br /> Fund 154—CIP 3 $ 1,200,000 <br /> Total Estimated Funds $ 1,200,000 <br /> 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 <br /> rate of interest and obtain temporary financing to satisfy interim construction costs. <br /> Temporary financing shall be redeemed as soon as reimbursement is received. <br /> Section 6: <br /> If any provision of this ordinance shall be declared unconstitutional or invalid by any <br /> court of competent jurisdiction, it shall be conclusively presumed that this ordinance <br /> would have been enacted without the provision so held unconstitutional or invalid and the <br /> remainder of this ordinance shall not be affected as a result of said part being <br /> unconstitutional or invalid. <br /> Section 7 <br /> Ordinance No. 2817-05 is hereby repealed. <br /> 12/, <br /> Ray Step on, Mayor <br /> ATTEST: <br /> kqa<-124-- <br /> City Clerk <br /> Passed: 1/14/09 <br /> Valid: 1/20/09 <br /> Published: 1/2 3/0 9 <br /> Effective Date: 2/04/09 <br /> 354_024 Amendment to Ordinance 12-31-08.doc <br />