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.Li. <br /> A. Use of Funds: • <br /> Design Cost $ 79,000 <br /> Construction Costs $ 657,000 <br /> Equipment Costs $ 151,000 <br /> Contingency & Permits $ 96,000 <br /> Total $ 983,000 <br /> B. Source of Funds: <br /> Federal (HUD) $ 588,000 <br /> State $ 395,000 <br /> Total Award $ 983,000 <br /> C. The 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 re-appropriation. <br /> Section 5: The.City Treasurer of the City of Everett is hereby authorized to negotiate a <br /> reasonable rate of interest and obtain temporary financing to satisfy interim construction <br /> costs. Temporary financing shall be redeemed as soon as reimbursement is received. <br /> Section 6: Severability. If any provision of this ordinance shall be declared <br /> unconstitutional or invalid by any court of competent jurisdiction, it shall be conclusively <br /> presumed that this ordinance would have been enacted without the provision so held <br /> unconstitutional or invalid and the remainder of this ordinance shall not be affected as a <br /> result of said part being unconstitutional or invalid. <br /> CITY OF EVERETT <br /> Ray Stephanson, Mayor <br /> Attest: <br /> • <br /> • <br /> Sharon Marks, City Clerk <br /> Passed: <br /> Valid: <br />