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A. Use of Funds <br /> Design $ 474,902 <br /> Construction 1,823,900 <br /> Project Costs 105,494 <br /> City In-Kind Labor 140,000 <br /> Total $2,544,296 <br /> B. Source of Funds <br /> Federal Share $1,908,222 <br /> City Capital Fund 162-2009 496,074 <br /> City In-Kind Labor 140,000 <br /> Total $2,544,296 <br /> C. The appropriation shall not lapse, but shall be carried forward from year to <br /> year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of re-appropriation. <br /> Section 5: The City Treasurer of the City of Everett is hereby authorized to negotiate a <br /> reasonable rate of interest and obtain temporary financing to satisfy interim construction <br /> costs. Temporary financing shall be redeemed as soon as reimbursement is received. <br /> Section 6: Severability. If any provision of this ordinance shall be declared <br /> unconstitutional or invalid by any court of competent jurisdiction, it shall be conclusively <br /> presumed that this ordinance would have been enacted without the provision so held <br /> unconstitutional or invalid and the remainder of this ordinance shall not be affected as a <br /> result of said part being unconstitutional or invalid. <br /> CITY OF EVERETT <br /> � A <br /> / ` � , / <br /> Attest: • <br /> R. teph. son, Mayor <br /> r � <br /> Sharon Marks, City Clerk <br /> Passed: 12/01/10 <br /> Valid: 12/02/10 <br /> Published: 12/06/10 <br />