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Section 8: The City Treasurer of the City of Everett is hereby authorized to <br /> negotiate a reasonable rate o.f interest and issue interest bearing warrants <br /> to satisfy interim construction costs not to exceed $166,999.99. These <br /> interest bearing warrants shall be redeemed by the Treasurer as soon as <br /> reimbursement or long term bond financing monies , as described elsewhere in <br /> this Ordinance , are received. <br /> Section 9: <br /> A. The sum of $166,999.99 is hereby appropriated to Fund No. 360, "1983 Block <br /> Grant Neighborhood Improvements", as follows : <br /> Program 251 : Lowell Neighborhood Improvement $ 30,060.00 <br /> Program 252 : Northeast Everett Neighborhood Improvement 60,120.00 <br /> Program 253: Port Gardner Neighborhood Improvement 60,120.00 <br /> Program 254: Riverside Neighborhood (Garfield Park) Impr. 16,699.99 <br /> $166,999.99 <br /> B. The sources of funds for the appropriations to all four programs (Nos . 251 <br /> through 254) shall be : <br /> Fund 360 - Community Development Block Grant Funds $166,999.99 <br /> C. This appropriation shall not lapse but shall be carried forward from year <br /> to year until fully expended or the purpose has been accomplished or <br /> abandoned without the necessity of reappropriation as per R.C.W. 35.33.151 . <br /> CITY OF EVERETT <br /> Mayor <br /> ATTEST: <br /> • <br /> AILiiia_ <br /> ity C erk <br /> PASSED: 6 <br /> VALID: <br /> PUBLISHED: " �'"g <br />