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Section 4: <br /> The sum of $200,000 is hereby appropriated to Fund 354, Program 047, "South <br /> Everett Forest Preserve Recreational Improvements Project" as follows: <br /> A. Estimated Project Costs <br /> Construction $200,000 <br /> Total Estimated Costs $200,000 <br /> B. Source of Funds <br /> Fund 154 — CIP 3 $200,000 <br /> Total Estimated Funds $200,000 <br /> 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 <br /> reasonable rate of interest and obtain temporary financing to satisfy interim <br /> construction costs. Temporary financing shall be redeemed as soon as <br /> reimbursement is received. <br /> Section 6: Severability <br /> If any provision of this ordinance shall be declared unconstitutional or invalid by <br /> any court of competent jurisdiction, it shall be conclusively presumed that this <br /> ordinance would have been enacted without the provision so held unconstitutional <br /> or invalid and the remainder of this ordinance shall not be affected as a result of <br /> said part being unconstitutional or invalid. <br /> rIFUP/ <br /> Ray St: . nson, M.�•r <br /> ATTEST: <br /> Ok.1(Z2-, <br /> Ci y Clerk <br /> Passed: 2/03/2016 <br /> Valid: 2/10/2016 <br /> Published: 2/19/2016 <br /> Effective Date: 2/25/2016 <br />