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C. The appropriation shall not lapse, but shall be carried forward from year to <br /> year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of re-appropriation. <br /> Section 5: The City Treasurer of the City of Everett is hereby authorized to negotiate a <br /> reasonable rate of interest and obtain temporary financing to satisfy interim construction <br /> costs. Temporary financing shall be redeemed as soon as reimbursement is received. <br /> Section 6: Severability. If any provision of this ordinance shall be declared <br /> unconstitutional or invalid by any court of competent jurisdiction, it shall be conclusively <br /> presumed that this ordinance would have been enacted without the provision so held <br /> unconstitutional or invalid and the remainder of this ordinance shall not be affected as a <br /> result of said part being unconstitutional or invalid. <br /> CITY OF EVERETT <br /> Cassie Franklin, Mayor <br /> Attest: <br /> L:l' ikima/L11.0 <br /> Sharon Ful er, City lerk <br /> Passed: 4/18/2018 <br /> Valid: 4/19/2018 <br /> Published: 4/22/2018 <br /> Effective: 5/4/2018 <br />