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B. Source of Funds <br /> TIB (State) Grant $5,773,000.00 <br /> Fund 158 —Boeing Mitigation 1,193,298.00 <br /> WSDOT (State) Agreements 720,000.00 <br /> Fund 157—Traffic Mitigation 808,262.00 <br /> Fund 301 —Arterial Streets 126,000.00 <br /> Fund 425 —Everett Transit 6,246.00 <br /> Silver Lake Water District 31,000.00 <br /> Fund 396—Interest Earnings 60,000.00 <br /> Total Estimated Funds $8,717,806.00 <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 <br /> RAY S 6'HAN •N, Mayor <br /> ATT ST: <br /> If i i_ • <br /> CITY CLERK <br /> Passed: 4-21-04 <br /> Valid: 4/23/04 <br /> Published: 4/29/04 <br /> Effective: 5/8/04 <br /> gl/wo2547 <br />