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i <br /> • B. Source of Funds <br /> STPE-0420(002) (Federal Grant) $ 394,080.00 <br /> Fund 119—Street Improvements 255,000.00 <br /> Fund 157—Traffic Mitigation 215,920.00 <br /> Total Estimated Funds $ 865.000.00 <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 /> Section 7: Repealer. <br /> Ordinance No. 3152-09 is hereby repealed. <br /> RAY S 1'EPHANSON,Mayor <br /> ATTEST: <br /> CITY CLERK <br /> Passed: <br /> Valid: <br /> Published: <br /> Effective: <br /> • <br /> W025980rd <br /> 3 <br />