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2 <br /> A. Estimated Project Costs <br /> Design $150,000 <br /> Total Estimated Costs $150,000 <br /> B. Source of Funds • <br /> Fund 354—CIP 3 $150,000 <br /> Total Estimated Funds $150,000 <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 re-appropriation. <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 /> Cassie Franklin,Mayor <br /> ATI'ES T: <br /> City Clerk <br /> Passed: <br /> Valid: <br /> Published: <br /> Effective Date: <br /> 5 <br />