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B. Source of Funds <br /> Pedestrian& Bike Safety—State Grant $ 390,000.00 <br /> Total Estimated Funds $ 390,000.00 <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 /> 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 /> RAY ANS kia, Mayor <br /> ATTEST: <br /> VitA.44k) <br /> CITY CLERK 1471 <br /> Passed: 12/14/11 <br /> Valid: 12/15/11 <br /> Published: 12/19/11 <br /> Effective: 12/30/11 <br /> W03466 Ord <br />