Laserfiche WebLink
Section 5: The sum of $370,955 is hereby appropriated to Fund 312, <br /> "Riverside Traffic Signal Improvements" as follows: <br /> A. Estimated Project Costs: <br /> Preliminary Engineering, (W.O. 1796) <br /> $ 51,200.00 <br /> Construction (W.O. 2133) <br /> 319,755.00 <br /> Total Estimated Cost Fund 312 370,955.00 <br /> B. Source of Funds: : <br /> 1. Preliminary Engineering (W.O. 1796) <br /> FAUS (Federal Aid) $ 36,006.00 <br /> 1/2e gas tax 15,194.00 <br /> Subtotal $ 51,200.00 <br /> 2. Construction (W.O. 2133) <br /> FAUS (Federal Aid) $261,066.00 <br /> 1/20 gas tax 58,689.00 <br /> Subtotal 319,755.00 <br /> Total Source of Funds, Fund 312 $370,955.00 <br /> C. This appropriation shall not lapse, but shall be carried forward from <br /> year to year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of reappropriation as per R.C.W. <br /> 35.33.151. <br /> Section 6: The City Treasurer of the City of Everett is hereby <br /> authorized to negotiate a reasonable rate of interest and <br /> obtain temporary financing to satisfy interim construction <br /> costs. Temporary financing shall be redeemed as soon as <br /> reimbursement is received. <br /> Section 7: Severability. If any provision of this ordinance shall be <br /> declared unconstitutional or invalid by any court of <br /> competent jursidiction, it shall be conclusively presumed <br /> that this ordinance would have been enacted without the <br /> provision so held unconstitutional or invalid and the <br /> remainder of this ordinance shall not be affected as a result <br /> of said part being unconstitutional or invalid. <br /> CITY OF EVERETT <br /> 'ayor <br /> ATTEST: <br /> City Clerk <br /> Passed: 1 -~ d _F Ic <br /> Valid: 9 / --,i7 j <br /> Published: 9 -? 7 - �'ff <br /> (2862B) <br /> - 4 - <br />