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B. Source of Funds <br />Federal Grant <br />Fund 119 - Street Improvements <br />Total Estimated Funds <br />$ 413,250.00 <br />165,088.00 <br />578.338.00 <br />C. This appropriation shall not lapse, but shall be carried forward from year to year <br />until fully expended or the purpose has been accomplished or abandoned without <br />the 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 said part being unconstitutional or invalid. <br />i <br />' <br />"'HANSVIC, Mayor <br />I <br />ATTE T: <br />-JI-1014-O]k ) dl,�, <br />CITV CLERK <br />Passed: 2-22-06 <br />Valid: 2-27-06 <br />Published: 3-3-06 <br />Effective: 3-14-06 <br />gUwo3239 <br />