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d <br /> B. Source of Funds <br /> Special Improvement Assessments $ 285,000 <br /> TIB (State Grant) $ 1,008,800 <br /> Fund 301 (Arterial Streets) $ 209,200 <br /> Fund 157 (Traffic Mitigation) $ 130,000 <br /> Total Source of Funds $ 1,633,000 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year until fully <br /> expended or the purpose has been accomplished or abandoned without the necessity of <br /> reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of interest and <br /> obtain temporary financing to satisfy interim improvement costs. Temporary financing shall be redeemed <br /> 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 competent <br /> jurisdiction, it shall be conclusively presumed that this ordinance would have been enacted without the <br /> provision so held unconstitutional or invalidan. 1 e remainder of this ordinance shall not be affected as a <br /> result of said part being unconstitutional or i . id. <br /> /* //4ft/iv, <br /> EDW, ' D D. "PYA SEN, MAYOR <br /> ATTEST: <br /> / <br /> i / • <br /> / ,; ctA 14, <br /> C TY CLERK i, • <br /> Passed: 03/05/97 <br /> Valid: 03/05/97 <br /> Published: 03/13/97 <br /> Effective: 03/21/97 <br /> gVwo2800 <br />