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Section 4: <br /> The sum of$117,950 is hereby appropriated to Fund 303, Program 534, "Evergreen Way/South Fred <br /> Meyer Signal Improvement" as follows: <br /> A. Estimated Project Costs <br /> Preliminary Engineering 12,925 <br /> Construction 105,025 <br /> Total Estimated Cost $117,950 <br /> B. Source of Funds <br /> Fred Meyer, Inc. $11,500 <br /> Fund 301 (1/2 cent gas tax) $ 2,950 <br /> ISTEA HES (Federal) $103,500 <br /> Total Estimated Funds $117,950 <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 /> l- L <br /> PTE KI H, AYO' <br /> ATTEST: <br /> 4 '4 <br /> „K„,„ <br /> "PITY LERK <br /> Passed: ‘A193 <br /> Valid: 47/93 <br /> Published. � 3 <br /> 0.26n <br />