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7 <br /> B. Source of Funds <br /> TIB - State Grant $ 3,084,875 <br /> Fund 158 —Boeing Mitigation 2,293,191 <br /> Fund 157—Traffic Mitigation 1,474,434 <br /> Public Works Trust Fund Loan 1,000,000 <br /> Fund 425 —Everett Transit 165,750 <br /> Total Estimated Funds $ 8,145,501 <br /> C. This appropriation shall not lapse, but shall be carried forward from year <br /> to 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 the <br /> remainder of this ordinance shall not be affected as a result of said part being <br /> unconstitutional or invalid. <br /> Ray Stephanson, Mayor <br /> ATTEST: <br /> CITY CLERK <br /> Passed: <br /> Valid: <br /> Published: <br /> Effective: <br /> gl/wo2440 4-1 <br />