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B. Sources of Funds <br /> Fund 308 —Riverfront Development Project $ 8,000,000.00 <br /> Fund 154—CIP III 4,000,000.00 <br /> Fund 338—Solid Waste Improvements 1,704,481.13 <br /> Total Sources of Funds $ 13,704,481.13 <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 /> Section 7: Repealer. <br /> Ordinance No. 3079-08 is hereby repealed. <br /> RAY PHANS , Mayor <br /> ATTEST: <br /> CITY CLERK <br /> Passed: 3/31/10 <br /> Valid: 4/5/10 <br /> Published: 4/9/10 <br /> Effective: 4/20/10 <br /> gUwo3310 <br />