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B. Source of Funds <br /> Pedestrian& Bike Safety—State Grant $ 410,000.00 <br /> Total Estimated Funds $ 410,000.00 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year until <br /> fully expended or the purpose has been accomplished or abandoned without the necessity of <br /> 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 /> • <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 /> t PT <br /> RAY ' PHANS N, Mayor <br /> ATTEST: <br /> 2JI1A-. <br /> CITY CLERK <br /> Passed: 11-16-11 <br /> Valid: 11-21-11 <br /> Published: 11-2 7-1 I <br /> Effective: 12-06-11 <br /> WO3467 Ord <br />