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• <br /> B. Sources of Funds <br /> Federal Grants $ 8,879,322.00 <br /> Transportation Partnership 600,000.00 <br /> Fund 119—Street Improvements 300,000.00 <br /> Fund 157 - Traffic Mitigation 546,851.00 <br /> Fund 162—CIP IV 1,000,000.00 <br /> Fund 162—CIP IV (Trans. from 41st Street Project) 500,000.00 <br /> Fund 301 —Arterial Streets 212,691.00 <br /> Port of Everett 155,000.00 <br /> Total Estimated Funds $ 12,193,684.00 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year <br /> until fully expended or the purpose has been accomplished or abandoned without <br /> the necessity 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 /> RAYS HANSON, Mayor <br /> ATTEST: <br /> CI(j/02A <br /> CLERK <br /> Passed: 5/02/07 <br /> Valid: 5/03/07 <br /> Published: 5/0 8/07 <br /> Effective: 5/18/07 <br /> gl/wo2902 <br />