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B. Source of Funds <br /> Fund 157 - Traffic Mitigation $ 275,750 <br /> Total Estimated Funds $ 275.750 <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 <br /> abandoned 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 affected as a result of said part being <br /> unconstitutional or invalid. <br /> #1044/piik bli4440,, <br /> • '.s D. H• SEN, MAYOR <br /> A'04 '. <br /> Adrop <br /> • <br /> 'CITY CLERK <br /> Passed: 08/28/96 <br /> Valid: 09/03/96 <br /> Published: 09/11/96 <br /> Effective: 09/19/96 <br /> gVwo2684 <br />