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r <br /> B. Source of Funds <br /> Fund 144—Downtown Improvements $2,248,000.00 <br /> Fund 157—Traffic Mitigation(Frontage Imp.) 28,655.00 <br /> Fund 430—Everpark Garage 252,000.00 <br /> Total Estimated Funds $2,528,655.00 <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 /> 1 //, <br /> RAY S 'HANS ,> , Mayor <br /> ATTEST: <br /> _ /t <br /> CITY CLERK <br /> Passed: 8/25/1 0 <br /> Valid: 8/30/10 <br /> Published: 9/02/10 <br /> Effective: 9/14/10 <br /> W03353 <br />