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NOW, THEREFORE, in consideration of the mutual promises set out below and <br /> for other good and valuable consideration,the Parties agree as follows: <br /> 1. Identification of Property. The unimproved Property is located in the City <br /> of Everett, Washington and is generally legally described as follows: <br /> SEE ATTACHED EXHIBIT A. <br /> 2. Purpose of Property Acquisition. The Property is to be acquired for the <br /> purpose of conserving open spaces and areas as authorized by RCW 84.34.200 et seq., <br /> and for conservation and for passive, public recreation. <br /> 3. Duration. This Agreement shall become effective when executed by both <br /> parties and posted on the County's Interlocal Agreements website (the"Effective Date"). <br /> If the Property is acquired within the time frame provided in Section 5.1 below, this <br /> Agreement shall be in effect perpetually,subject to any amendments agreed to in writing <br /> by the parties. If the Property is not acquired within the time frame provided in Section <br /> 5.1 below, this Agreement shall be terminated; PROVIDED, HOWEVER, that the County <br /> and the City may mutually agree in writing, prior to termination, upon an extension of <br /> time. <br /> 4. Administrators. Each party to this Agreement shall designate an <br /> individual (an "Administrator") who may be designated by title or position, to oversee <br /> and administer such party's participation in this Agreement. The parties' initial <br /> Administrators shall be the following: <br /> County's Initial Administrator: Citv's Initial Administrator: <br /> Tom Teigen, Director Lori Cummings <br /> Snohomish County Parks and Executive Director, Parks, Culture <br /> Recreation and Communications <br /> 6705 Puget Park Drive 802 E. Mukilteo Blvd <br /> Snohomish, WA 98296 Everett,WA 98203 <br /> Either party may change its Administrator at any time by delivering written <br /> notice of such party's new Administrator to the other party. <br /> 5. Duties of the City to Acquire, Operate, Maintain and Conserve. The City <br /> shall: <br /> 5.1 Acquire the Property within twenty-four(24) months of the Effective <br /> Date of this Agreement and upon closing maintain, operate and conserve the Property <br /> for open space and passive park purposes. The City shall undertake all reasonable <br /> Interlocal Cooperation Agreement between Snohomish County and City of Everett <br /> Concerning Acquisition of Property with Conservation Futures Funds Page 2 of 9 <br />