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• 2 <br /> B. Source of Funds' <br /> • <br /> STPE-TCSP-0420(014)—Federal Grant $ 674,940.00 <br /> Port of Everett 300,000.00 <br /> Total Estimated Funds $ 974,940.00 <br /> C. This appropriation shall not lapse,but shall be carried forward from year to year until <br /> fully expended or the purpose has been accomplished or abandoned without the necessity <br /> 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 Ordinance No. 2565-01 is hereby repealed <br /> RAY STEPHANSON,Mayor <br /> ATTEST: <br /> CITY CLERK <br /> • Passed: <br /> Valid: <br /> Published: <br /> Effective: <br /> 9 <br />