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A. Estimated Project Costs <br /> Construction $200,000 <br /> Total Estimated Costs $200,000 <br /> B. Source of Funds <br /> Fund 162—CIP 1 $200,000 <br /> Total Estimated Funds $200,000 <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 /> 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 /> Section 6: Severability <br /> If any provision of this ordinance shall be declared unconstitutional or invalid by any court <br /> of competent jurisdiction, it shall be conclusively presumed that this ordinance would have <br /> been enacted without the provision so held unconstitutional or invalid and the remainder of <br /> this ordinance shall not be affected as a result of said part being unconstitutional or invalid. <br /> AO/ 1 <br /> Rat ephans , Mayor <br /> ATTEST: <br /> J '/, <br /> City Clerk <br /> Passed: 2/17/2016 <br /> Valid: 2/22/2016 <br /> Published: 3/01/2016 <br /> Effective Date: 3/08/2016 <br />