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Section 4: <br /> The sum of$550,000 is hereby appropriated to Fund 354, Program 033, "Forest Park <br /> Spray Pool" as follows: <br /> A. Estimated Project Costs <br /> Design, Planning <br /> Engineering and Construction $ 550,000 <br /> Total Estimated Costs $ 550,000 <br /> B. Source of Funds <br /> Fund 162 —CIP 4 (Interfund Loan) $ 100,000 <br /> Fund 154—CIP 3 $ 450,000 <br /> Total Estimated Funds $ 550,000 <br /> 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 /> Ordinance No. 2907-06 is hereby repealed. <br /> Section 6: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable <br /> rate of interest and obtain temporary financing to satisfy interim construction costs. <br /> Temporary financing shall be redeemed as soon as reimbursement is received. <br />