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B. Source of Funds <br /> TEA-21 (Federal) Grant $ 1,238,344.00 <br /> Fund 119 - Street Improvements 150,000.00 <br /> Fund 157—Traffic Mitigation 89,466.00 <br /> Fund 301 - Arterial Streets 147,206.00 <br /> Total Estimated Funds $ 1,625,016.00 <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 /> 10 I 1 if <br /> RA :,TEPHA SON, Mayor <br /> ATT ,ST: <br /> lit ./J'- -i►. <br /> CI Y CLERK <br /> Passed: 2-11-04 <br /> Valid: 2-17-04 <br /> Published: 2-20-04 <br /> Effective: 3-4-04 <br /> gl/wo2901 <br />