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B. Sources of Funds <br /> Fund 308—Land Sale OM $ 5,553,230.00 <br /> Fund 009—General Fund 665,000.00 <br /> Fund 115 —GG Special Projects 1,075,000.00 <br /> Fund 154—CIP 3 4,000,000.00 <br /> Fund 162—CIP 4 525,000.00 <br /> Total $11,818,230.00 <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 /> Section 7: Repealer. <br /> Ordinance No. 3176-10 is hereby repealed. <br /> RAY STI NSO Mayor <br /> ATTEST: <br /> JieLl_Ax /241— <br /> CITY CLERK <br /> Passed: 12/07/11 <br /> Valid: 12/12/11 <br /> Published: 12/4.5/11 <br /> Effective: 12/2 7/11 <br />