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• <br /> • <br /> Section 4: <br /> The sum of $270,360 is hereby appropriated to Fund 303, Program 530, "41st Street Off-Ramp and <br /> Broadway Intersection" as follows: <br /> A. Estimated Project Costs <br /> Construction $270.360 <br /> Total Estimated Cost $270,360 <br /> B. Source of Funds <br /> Fund 301 ('h cent gas tax $ 62,927 <br /> Fund 119 (Street Improvements) 72,253 <br /> ISTEA HES (Federal) 135,180 <br /> Total Estimated Funds $270,360 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year until fully <br /> expended or the purpose has been accomplished or abandoned without the necessity of <br /> reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of interest <br /> and obtain temporary financing to satisfy interim construction costs. Temporary financing shall be <br /> 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 enacted <br /> without the provision so held unconstitutional or invalid and the remainder of this ordinance shall not <br /> be affected as a result of said part being unconstitutional or invalid. <br /> PET . • , , MAYOR <br /> ATTEST: <br /> "'CITY <br /> �' <br /> CITY CLERK <br /> Passed: 09/01/93 <br /> Valid: O <br /> Published: O <br /> GL:jcl/ord.docAugust 4,1993 <br />