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INTERLOCAL AGREEMENT REGARDING FREIGHT <br /> CORRIDOR FUNDING <br /> THIS INTERLOCAL AGREEMENT (this "Agreement") is entered into by and between <br /> the Port of Everett, a port district organized under the laws of the State of Washington <br /> (the "Port") and the City of Everett, a first-class charter city organized under the laws of the <br /> State of Washington (the "City"), for the purposes of formalizing agreements by and <br /> between the Port and the City regarding the construction of 41 s t Street to W. Marine <br /> View Drive Freight Corridor Improvements along the freight corridor including <br /> West Marine View Drive, Rucker Avenue and 41st within the city limits of the City of <br /> Everett. <br /> RECITALS <br /> A. The Port of Everett has certain facilities along the waterfront area within the City <br /> limits of Everett that are served by the city's roadway network. <br /> B. Currently, three intersections on the corridor from the Port of Everett on West Marine <br /> View Drive, Rucker Avenue and 41st within the city limits of the City of Everett are <br /> difficult for over-dimensional freight traffic to navigate. <br /> C. West Marine View Drive, a principal arterial (and part of SR 529 in Everett), <br /> c on n e c t s I-5 with the waterfront and serves as a primary access to the Port's <br /> Deep Water Terminal Area. <br /> D. The Port of Everett has written a funding commitment letter committing $430,000 to <br /> this project that has been part of all successful state and federal grant funding <br /> applications. <br /> E. The proposed project to be implemented through this Agreement is the <br /> construction of transportation facilities for over-dimensional freight hauling trucks <br /> along the corridor <br /> F. The Port and the City desire, in this Agreement, to identify their respective <br /> responsibilities relating to the construction of the freight corridor transportation <br /> facilities. <br /> 2 <br />