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• <br /> B. Source of Funds <br /> TIB (State) Grant $ 149,975 <br /> LID 734 $ 252,420 <br /> Fund 301 - Arterial Streets $ 10,000 <br /> Fund 157 - Traffic Mitigation $ 114,000 <br /> Total Estimated Funds $ 526,395 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to <br /> year until fully expended or the purpose has been accomplished or abandoned <br /> 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 <br /> the remainder of this ordinance shall not be .ffected as a result of said part being <br /> unconstitutional or invalid. <br /> ►t <br /> - ,A•btetic <br /> EDW• •D D. ANSEN, MAYOR <br /> ATTEST: <br /> OOP ' <br /> CITY CLERK <br /> Passed:9/25.794- <br /> Valid: 9/ rn. <br /> Published: /0/4/94- <br /> Effective: /o//a/94 /a:or 14- <br /> guwo2725 <br />