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• <br /> B. Source of Funds <br /> State Legislative Funds $ 1,750,000 <br /> Sno. Cty. PUD $ 169,000 <br /> Port of Everett $ 300,000 <br /> Fund 301 - Arterial Streets $ 305,060 <br /> Transportation Improvement Board (TIB) $ 105,924 <br /> Federal Grant M-9999(137) $ 521,946 <br /> Total Estimated Funds $ 3,151,930 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year <br /> until fully expended or the purpose has been accomplished or abandoned without the <br /> necessity 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 /> IJ11�'IIl4/andd.s.P1 ._ <br /> ). HA 'SEN, MAYOR <br /> ATTEST: <br /> 1 <br /> LERK . <br /> Passed: 8/13/97 <br /> Valid: 8/18/97 <br /> Published: 8/22/97 <br /> Effective: 9/03/97 <br /> gl/wo2632 <br />