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Section 7: The City Engineer of the City of Everett under the administration of <br /> the Mayor is hereby given the responsibility of providing for the improvements <br /> as defined herein. <br /> Section 8: The City Treasurer of the City of Everett is hereby authorized to <br /> negotiate a reasonable rate of interest and issue interest bearing warrants to <br /> satisfy interim construction costs not to exceed $123,352. These interest bearing <br /> warrants shall be redeemed by the Treasurer as soon as reimbursement or long term <br /> bond financing monies, as described elsewhere in this Ordinance, are received. <br /> Section 9: <br /> A. The sum of $123,352 is hereby appropriated to Fund No. 369, "1984 Block Grant <br /> Neighborhood Improvements" , as follows : <br /> Program 316: Lowell Neighborhood Improvement $ 30,838 <br /> Program 317: Northeast Everett Neighborhood Improvement 30,838 <br /> Program 318: Port Gardner Neighborhood Improvement 30,838 <br /> Program 319: Riverside Neighborhood Improvement 30,838 <br /> $ 123,352 <br /> B. The sources of funds for the appropriations to all four programs (Nos. 316 <br /> through 319) shall be: <br /> Fund 369 - Community Development Block Grant Funds $ 123,352 <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 /> CITY OF EVERETT <br /> 4001111 <br /> 44111i1,7 4OF <br /> Mayor <br /> Attest: <br /> C)74e,-7cAe24___City Clerk <br /> PASSED: C ---,77-8r <br /> VALID: ‘— 0f <br /> PUBLISHED: 7-3- ' ' <br />