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• <br /> • l <br /> A. Estimated Project Costs <br /> Design Phase $1,676,300.00 • <br /> Total Estimated Cost • $L676,300.00 <br /> B. Source of Funds <br /> STP—Federal Grant $1,450,000.00 <br /> Fund 119—Street Improvements 226,300.00 <br /> Total Estimated Funds • $1.676,300.00 <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 /> • <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 /> • • RAY STEPHANSON,Mayor <br /> • <br /> ATTEST: <br /> CITY CLERK <br /> Passed: <br /> Valid: • • <br /> • <br /> Published: <br /> • <br /> Effective: <br /> W03472 Ord • <br /> 3 <br />