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• <br /> • <br /> Section 8 : The City Treasurer of the City of Everett is hereby <br /> authorized to negotiate a reasonable rate of interest and issue <br /> interest bearing warrants to satisfy interim construction costs <br /> not to exceed $337 , 700. These interest bearing warrants shall be <br /> redeemed by the Treasurer as soon as reimbursement or long term <br /> bond financing monies , as described elsewhere in this Ordinance , <br /> are received. <br /> Section 9 : <br /> A. The sum of $337 , 700 is hereby appropriated to Fund No. 349 , <br /> "1981 Block Grant Neighborhood Improvements" , as follows: <br /> 1 . Program 180 - 1981 Block Grant Lowell $ 96 , 500 <br /> Neighborhood Improvements <br /> 2 . Program 181 - 1981 Block Grant North- 96 ,500 <br /> east Everett Neighborhood Improvements <br /> 3 . Program 182 - 1981 Block Grant River- 48 ,200 <br /> side Neighborhood Improvements <br /> 4 . Program 183 - 1981 Block Grant Port 96 ,500 <br /> Gardner Neighborhood Improvements <br /> TOTAL $337 ,700 <br /> B. The sources of funds for the appropriations to all four pro- <br /> grams (Nos. 180 through 183) shall be: <br /> Fund 349 - Community Development Block $337 , 700 <br /> Grant Funds <br /> C. This appropriation shall not lapse bu shall be carried forward <br /> from year to year until fully expended or the purpose has been <br /> accomplished or abandoned without the necessity of reappropri- <br /> ation as per R.C.W. 35 . 33 . 151. <br /> CITY OF EVERETT <br /> 00 A! <br /> 4. _aro . * <br /> Mayor 1.1 <br /> ATTEST: <br /> / <br /> City Clerk DC%oc, r y <br /> PASSED: „5--- al-S/ <br /> VALID: L <br /> PUBLISHED: ‘'- ---47— f/ <br /> (4) <br />