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• <br /> • <br /> Section 4: <br /> The sum of$6,900,000.00 is hereby appropriated to Fund 398, "1997 Sewer Construction Fund" <br /> as follows: <br /> A. Estimated Project Costs: <br /> 1. Project Financing Related Costs $200,000 <br /> 2. Engineering Design 900,000 <br /> 3. Construction Management 410,000 <br /> 4. Construction 5,390,000 <br /> TOTAL $6,900.000 <br /> B. Source of Funds <br /> 1. Bond Proceeds from 1997 sewer bond sale $6,085,000 <br /> 2. Interest Earnings 115.000 <br /> 3. Contributions from Utility wholesale customers _ 700,000 <br /> TOTAL $6,900,000 <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to obtain interim financing which <br /> may be in any form permitted by law. Interim financing liabilities shall be paid by the Treasurer <br /> as soon as permanent financing monies, from sources as described in this ordinance, are received. <br /> Section 6: <br /> Severability. If any provision of this ordinance be declared unconstitutional or invalid by any <br /> court of competent jurisdiction, it shall be conclusively presumed that this ordinance would have <br /> been 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 held unconstitutional or invalid. <br /> CS r GORD.97FUND(Y1 3/14/97) <br />