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B. Source of Funds <br />CM2553 (002) — Federal Grant <br />9-P-138(012)-1 — TIB Grant (State) <br />Fund 119 — Street Improvements <br />Fund 157 — Traffic Mitigation <br />Fund 158 — Boeing Mitigation <br />Fund 301 — Arterial Streets <br />Total Estimated Funds <br />$ 2,011,474 <br />149,500 <br />50,000 <br />667,755 <br />94,200 <br />254,234 <br />$3,227,163 <br />C. This appropriation shall not lapse, but shall be carried forward from year <br />to year until fully expended or the purpose has been accomplished or <br />abandoned without the necessity 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 />RAY STEPHANSON, Mayor <br />ATTEST: <br />CITY CLERK <br />Passed: <br />Valid: <br />Published: <br />Effective: <br />gVwo2957 <br />125 <br />4 <br />