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9 <br /> B. Source of Funds <br /> Fund 154— CIP 3 $ 585,148 <br /> Total Estimated Funds $ 585,148 <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 /> Ray Stephanson,Mayor <br /> ATTEST: <br /> City Clerk <br /> Passed: <br /> Valid: <br /> Published: <br /> Effective Date: <br /> 354_029 Ordinance.doc 6 9 <br />