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y a r , , <br /> . c • . <br /> • B. The source of funds for the appropriations to Programs <br /> Numbers 781 and 782 shall be: <br /> 1. From the sale of revenue bonds and <br /> interest earned on invested funds during <br /> construction $ 45,000 <br /> 2. From Sewer Department Fund 404, <br /> monies paid by sewer districts as <br /> capital contributions to project costs or <br /> as a proportionate share of revenue <br /> bonds repayment $240,000 <br /> 3. From increased sewer connection <br /> charges and developers' fees for sewer <br /> capacity improvements and interest <br /> earned on investing these funds during <br /> and prior to construction $165,000 <br /> The above amounts represent the anticipated relative amounts <br /> of funds to be obtained from the various sources. The <br /> relative amounts for Items 2 and 3 may vary but the total <br /> amount from all sources is to remain at $450,000. <br /> C. This appropriation shall not lapse but shall be carried forward <br /> from year-to-year until fully expended or the purpose has <br /> been accomplished or abandoned without the necessity <br /> of reappropriation as per R.C.W. 35.33.151. <br /> Section 7: The City Treasurer of the City of Everett shall invest the proceeds <br /> from increased sewer connection charges, developers' fees, sewer <br /> districts contributions, and the sale of Revenue Bonds consistent <br /> with arbitrage regulations until needed for construction. The <br /> interest earned shall be deposited in this fund and expended for <br /> these projects. <br /> CITY OF EVERETT <br /> �� /Iry <br /> ayor <br /> ATTEST: <br /> - --lz-f-;(_-eJ -2///- ..4-=r.::-il -e (--) e c-- _ <br /> City Clerk <br /> Passed: G, - -,3`L) <br /> Valid: C, L..) <br /> Published: (, - (f--43 (..) <br /> -3- <br />