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Q• <br /> B. Source of Funds <br /> TIB (State) Grant $2,154,315.00 <br /> Public Works Trust Fund Loan 1,000,000.00 <br /> Fund 157-Traffic Mitigation 386,512.00 <br /> Fund 158 -Boeing Mitigation 500,000.00 <br /> Total Estimated Funds $4,040,827.00 <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 /> I A <br /> RAYZAL-6E4d0f <br /> PHA R ON, Mayor <br /> ATTEST: <br /> , : , <br /> CI Y CLERK <br /> Passed: 3-24-04 <br /> Valid: 3-26-04 <br /> Published: 4-1-04 <br /> Effective: 4-10-04 <br /> gUwo2440 <br />