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1 <br /> WHEREAS, it is anticipated that additional cities will elect to use the Portal over time, and that <br /> some may wish to do so as subscribers of the Portal's services rather than as principals; and <br /> WHEREAS,The City of Seattle has provided start-up funding for the development of the Portal <br /> and has conducted a competitive procurement process in which staff from each of the Principals <br /> participated with Seattle staff in selecting a preferred vendor to provide portal development, <br /> hosting and maintenance services; and <br /> WHEREAS,The City of Seattle has entered into a contract with the preferred vendor,and the <br /> vendor has begun work to develop the Portal with continued input from staff from each of the <br /> Principals; <br /> NOW THEREFORE,in consideration of the promises and agreements contained in this <br /> Agreement and subject to the terms and conditions set forth, it is mutually understood and agreed <br /> by the Parties as follows: <br /> SECTION 1. CREATION OF WASHINGTON MULTI-CITY BUSINESS LICENSE <br /> AND TAX PORTAL AGENCY. <br /> The Washington Multi-City Business License and Tax Portal Agency, ("PORTAL AGENCY") <br /> is hereby created as authorized by the Interlocal Cooperation Act(Ch. 39.34 RCW), and shall be <br /> a municipal instrumentality of the Principals,jointly organized by the Principals as a nonprofit <br /> corporation under Chapter 24.06 RCW as expressly authorized by RCW 39.34.030(3)(b). The <br /> Principals each assign to PORTAL AGENCY the responsibility for overseeing the development, <br /> operation and maintenance of an internet web application gateway to administer city business <br /> licensing and tax collection functions as exclusively governmental activities,all as described <br /> herein. <br /> SECTION 2. TERM OF AGREEMENT. <br /> This Agreement shall have an initial term of approximately five years, ending on December 31, <br /> 2019, (the"Initial Term"), and shall thereafter be perpetual, subject to the termination provisions <br /> in Section 19 of this Agreement. During the Initial Term no Principal may withdraw from the <br /> Agreement, provided that a Principal may convert or be converted to Subscriber status as <br /> provided in Sections 8.a, 13.d and 13.k,and may upon action of the Executive Board be <br /> terminated from participation in the Agreement as provided in Section 13.k. <br /> v. 11.5.13 7 2 <br />