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B. Source of Funds <br /> CM2553 (002)—Federal Grant $ 2,011,474 <br /> 9-P-138(012)-1 —TIB Grant (State) 149,500 <br /> Fund 119— Street Improvements 50,000 <br /> Fund 157—Traffic Mitigation 667,755 <br /> Fund 158 —Boeing Mitigation 94,200 <br /> Fund 301 —Arterial Streets 254,234 <br /> Total Estimated Funds $ 3,227,163 <br /> C. This appropriation shall not lapse,but shall be carried forward from year <br /> to year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable <br /> rate of interest and obtain temporary financing to satisfy interim construction costs. <br /> Temporary 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 <br /> court of competent jurisdiction, it shall be conclusively presumed that this ordinance <br /> would have been enacted without the provision so held unconstitutional or invalid and the <br /> remainder of this ordinance shall not be affected as a result of said part being <br /> unconstitutional or invalid. <br /> / , ,O , , <br /> RAY S"PHANSON, Mayor <br /> ATTEST: <br /> C� CLERK <br /> Passed: 6-20-05 <br /> Valid: 6-22-05 <br /> Published: 6-25-05 <br /> Effective: 7-8-05 <br /> gUwo2957 <br />