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B. SOURCE OF FUNDING: <br /> Program 898, Street Widening <br /> Urban Arterial Board (UAB) $1,300,000* <br /> 1/20 Gas Tax 732,542 <br /> Transit Fund 425 8,077 <br /> SUBTOTAL $2,040,619 <br /> Program 899, Water Main Improvements <br /> Silver Lake Water District $ 90,225 <br /> City Utility Fund #401 10,025 <br /> SUBTOTAL $ 100,250 <br /> Program 876, Sanitary Sewer Improvements <br /> Sanitary Sewer L.I.D. #722 $ 176,914 <br /> Program 901, Right of Way <br /> 1/20 Gas Tax $ 52,195 <br /> Transit Fund 425 $ 24,655 <br /> SUBTOTAL $ 76,850 <br /> TOTAL ESTIMATED PROJECT FUNDING: $2,394,633 <br /> *Can possibly be increased by $50,000 UAB Reserve Fund by application to UAB <br /> at the completion of construction. <br /> C. This appropriation shall not lapse but shall be carried forward from year to <br /> year until fully expended or the purpose has been accomplished or abandoned <br /> without the necessity of reappropriation as per R.C.W. 35.33.151. <br /> Section 6: The City Treasurer of the City of Everett is hereby authorized <br /> to negotiate a reasonable rate of interest and obtain temporary financing to <br /> satisfy interim construction costs. Temporary financing shall be redeemed as <br /> soon as reimbursement is received. <br /> -3- <br />