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Section 4: <br /> The sum of$7,296,383 is hereby appropriated to Fund 384, "Alverson Bridge" as follows: <br /> A. Estimated Project Costs <br /> Preliminary Design $104,834 <br /> Engineering Design $354,770 <br /> Right of Way $ 93,000 <br /> Construction $6,743.779 <br /> Total Estimated Costs $7,296,383 <br /> B. Source of Funds <br /> Fund 120 $104,834 <br /> Fund 301 $243,631 <br /> Port of Everett $4,628,000 <br /> WSDOT $2,319.918 <br /> Total Estimated Funds $7,296,383 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year until <br /> fully expended or the purpose has been accomplished or abandoned without the <br /> necessity of reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of <br /> interest and obtain temporary financing to satisfy interim construction costs. Temporary <br /> 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 court of <br /> competent jurisdiction, it shall be conclusively presumed that this ordinance would have been <br /> enacted without the provision so held unconstitutional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of sail part being unconstitutional or invalid. <br /> Gekt/W 1}1,124, RA4,-1-4-2^----- <br /> : • • ' ) D7 HAN N, MAYOR <br /> ATTE T: <br /> 0 - ''', 0 <br /> OO <br /> ip .P" <br /> i., /r*% G <br /> CIT' CLER' <br /> Passed: 05/04/94 <br /> Valid: 05/05/94 <br /> Published: 05/11/94 <br /> Effective: 05/21/94 <br />