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Section 3: The "Boeing Mitigation Fund" , Fund No. 158, shall annually <br /> contain an estimate of its sources of revenue, its amounts of revenue, and <br /> its budgeted appropriations. <br /> Section 4: <br /> A. The sum of $20,423,000 is hereby appropriated to the "Boeing <br /> Mitigation Fund" , Fund No. 158, with the following programs: <br /> Administration-Program No. 515 $ 61,700 <br /> City of Everett Mitigation-Program No. 517 1,365,000 <br /> Other Jurisdiction Mitigation-Program No. 518 2,102,500 <br /> Ending Fund Balance 16,893,800 <br /> $20,423,000 <br /> B. Source of Funds: <br /> Boeing Mitigation Payments $20,000,000 <br /> Interest Earnings 423,000 <br /> TOTAL REVENUE $20,423,000 <br /> The Fund No. 158 Budget for subsequent years will be in accordance <br /> with Section 3 of this ordinance. <br /> Section 5: Authorization is hereby granted for the Public Works <br /> Director, under the direction of the Mayor, to assume full and complete <br /> responsibility for conducting all tasks and doing all things to accomplish the <br /> actions authorized in this ordinance. <br /> Section 6: Severability. If any provision of this ordinance be <br /> declared unconstitutional or invalid by any court of competent jurisdication, <br /> 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 <br /> this ordinance shall not be affected as a result of said part being held <br /> unconstitutional or invalid. <br /> • <br /> PE ' NCH, Mayo, <br /> ATTEST: <br /> L - DONNA RIDER, City C k <br /> Passed: 10/30/91 <br /> Valid: 10/30/91 <br /> Published: 11/6/91 <br /> (291-2/jel) <br /> -2- <br />