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B. Source of Funds <br /> Fund 154—CIP 3 $ 353,414 <br /> Community Development Block Grant $ 93,795 <br /> Total Estimated Funds $ 447,209 <br /> 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 <br /> 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 /> Section 7: Repealed <br /> Ordinance No. 2824-05 is hereby repealed. <br /> /' Al �M to <br /> Ray S a son, or <br /> ATTEST: <br /> rjokerit . 01/2AL <br /> City Clerk <br /> Passed: 1-18-12 <br /> Valid: 1/2 0/12 <br /> Published: 1/25/12 <br /> Effective Date: 2/4/12 <br />