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Section 8 : The Mayor has also approved matching funding on <br /> a dollar per dollar basis from the street overlay fund for <br /> neighborhood improvements in Northeast Everett and Riverside , <br /> provided that CDBG funds are expended for street and sidewalk <br /> improvement projects . <br /> Section 9 : The City Treasurer of the City of Everett under <br /> the administration of the Mayor is hereby authorized to <br /> negotiate a reasonable rate of interest bearing warrants to <br /> satisfy interim construction costs not to exceed $70, 040 . <br /> These interest bearing warrants shall be redeemed by the <br /> Treasurer as soon as reimbursement or long term bond financing <br /> monies , as described elsewhere in this Ordinance , are <br /> received . <br /> Section 10 : <br /> A. The sum of $70 , 040 is hereby appropriated to Fund No . <br /> 362 , "1990 Block Grant Neighborhood Improvements" , as <br /> follows : <br /> Program 465 : Northeast Everett $29, 325 <br /> Neighborhood Improvement <br /> Program 466 : Port Gardner Neighborhood $10, 000 <br /> Improvement <br /> Program 467 : Riverside Neighborhood $30, 715 <br /> Improvement <br /> $70 , 040 <br /> B. Source of funding : <br /> Fund 362 - Community Development Block Grant $70, 040 <br /> Funds <br /> C. This appropriation shall not lapse but shall be carried <br /> forward year to year until fully expended or the purpose <br /> has been accomplished or abandoned without the necessity <br /> of reappropriation as per RCW 35 . 33 . 151 . <br />