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B. Source of Funds <br /> STPE-TCSP-0420(014)—Federal Grant $ 674,940.00 <br /> Port of Everett 300,000.00 <br /> Total Estimated Funds $ 974,940.00 <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 <br /> 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 Ordinance No. 2565-01 is hereby repealed <br /> / �i0/16141 / I <br /> RA / 'HANSI , Mayor <br /> ATTEST: <br /> •v14 4 Wil,CI CLERK <br /> Passed: 2/1/12 <br /> Valid: 2/3/12 <br /> Published: 2/6/12 <br /> Effective: 2/18/12 <br />