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B. Source of Funds <br /> STPE - Federal Grant $ 268,800.00 <br /> P&BSP - Federal Grant 426,000.00 <br /> 2010 Jobs—Federal Grant 500,000.00 <br /> WSDOT Agreement 9,819.00 <br /> Fund 119—Street Improvements 226,204.00 <br /> Total Estimated Funds $1,430,823.00 <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 /> Section 7: Repealer. <br /> Ordinance No. 2914-06 is hereby repealed. <br /> RAY STS', ANS , Mayor <br /> ATTES : <br /> 10,/ <br /> TY CLERK <br /> Passed: 4/14/10 <br /> Valid: 4/23/10 <br /> Published: 4/30/10 <br /> Effective: 5/8/10 <br />