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B. Source of Funds <br /> Fund 401 —Water/Sewer Utility Fund $ 1,750,000 <br /> Total Estimated Funds $ 1,750,000 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year <br /> until fully expended or the purpose has been accomplished or abandoned without the <br /> necessity of reappropriation. <br /> Section 5: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of <br /> interest and obtain temporary financing to satisfy interim construction costs. Temporary <br /> financing shall be redeemed as soon as reimbursement is received. <br /> Section 6: Severability. <br /> If any provision of this ordinance shall be declared unconstitutional or invalid by any court of <br /> competent jurisdiction, it shall be conclusively presumed that this ordinance would have been <br /> enacted without the provision so held unconstitutional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of said part being unconstitutional or invalid. <br /> •ANEIN, Mayor <br /> AT T: <br /> 414 / • <br /> CITY CLERK <br /> Passed: 4/24/2019 <br /> Valid: 5/1/2019 <br /> Published: 5/5/2 019 <br /> Effective: 5/16/2019 <br />