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Section 4: <br /> The sum of $51,000 is hereby appropriated to Fund 303, Program 033, "Everett Multimodal Facility <br /> Study" as follows: <br /> A. Estimated Project Costs <br /> Design 51,000 <br /> Total Estimated Cost $51,000 <br /> B. Source of Funds <br /> Washington Dept of Transportation 50,000 <br /> Fund 119, Street Improvements 1,450 <br /> Total Estimated Funds $51,000 <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 enhancement 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 /> .--0041111111111W-°.: <br /> PETE KINCH, AYO' <br /> ATTEST: <br /> 4,,,,Aay <br /> CIT CLERK it . <br /> Passed: 05/12/93 <br /> Valid: 5//3/93 <br /> Published: S/i9/93 <br /> GL:cg/ord-2 <br />