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Section 3: The estimated cost for the work described in Section 1 is $450,000 for all <br /> costs including, but not limited to, costs related to design, construction estimates, actual <br /> work, construction documents, and contract/construction administration. <br /> Section 4: The sum of $450,000 is hereby appropriated to Fund 342, Program 017 <br /> "Allen Buick Redevelopment Project" as follows: <br /> A. Estimated Project Construction Costs $450,000 <br /> Total Estimated Costs $450,000 <br /> B. Source of Funds <br /> CIP 4 $450,000 <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: Serverability. 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 /> I <br /> Ray jp phanso 7 Mayor <br /> Attest: <br /> Sharon Marks, City Clerk ajleka- <br /> Passed: 12/29/10 <br /> Valid: 1/03/11 <br /> Published: 1/07/11 <br />