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i I <br /> C. This appropriation shall not lapse but shall be <br /> carried forward from year to year until fully <br /> expended or the purpose has been accomplished <br /> or abandoned without the necessity of <br /> reappropriation as per R. C.W. 35. 33. 151 . <br /> ae. t..ion.__l: Upon sale of the 1988 Revenue Bonds, the <br /> interim funding amounts appropriated in Section 6.B. 2, <br /> 6. B. 3, and 6 . B. 4 above shall be reimbursed to the <br /> Utilities Fund 401 up to the total amount of the <br /> appropriations actually expended ($3, 935, 563 . 66) . <br /> 5act.ipn___$: The City Treasurer of the City of Everett <br /> shall invest the proceeds from increased sewer <br /> connections charges, developers' fees, and the sale of <br /> Revenue Bonds consistent with arbitrage regulations until <br /> needed for construction. The interest earned shall be <br /> deposited in this fund and expended for these projects. <br /> SectiQx 9.: Ordinance No. 1362-87 is hereby repealed. <br /> CITY OF EVERETT <br /> 2-4-`m <br /> Mayor —�--- <br /> I ATTEST: <br /> ;.. 111, <br /> City Clerk_ <br /> Passed: ./(v/i <br /> Valid: '////d'd <br /> Published:/ /�' <br /> I I <br /> 1 <br /> I I <br /> I I <br /> it <br />