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acquisition of the Property. Payment shall be made within twenty (30) days of County <br /> receipt of a City invoice submitted with documentation of imminent purchase of the <br /> Property and transfer of title, provided the City has complied with all of the terms of this <br /> Agreement. In no event shall the County be obligated to provide any payment to the <br /> City in excess of the actual purchase price of the Property.Any obligations of the County <br /> beyond the current fiscal year are subject to appropriation of funds for the specific <br /> purpose of funding this Agreement in accordance with its Charter and applicable law. <br /> 7. Compliance with Laws. The parties shall comply with all applicable federal, <br /> state and local laws, rules and regulations in performing this Agreement, including, but <br /> not limited to, laws against discrimination. <br /> 8. Records, Inspections and Audits. The City will keep such full and detailed <br /> accounts as may be necessary for proper financial management under this Agreement. <br /> The County may, at its sole discretion, from time to time whether before or after <br /> acquisition of the Property or termination of this Agreement inspect all books and <br /> records and other materials related to any matters covered by this Agreement and not <br /> otherwise privileged, belonging to the City or any contractor or to elect to have an audit <br /> conducted to verify acquisition-related costs through the date of the acquisition, income <br /> from the Property, maintenance and operation costs, and the cost of post-acquisition <br /> improvements. Such books, records and other materials shall be made available for <br /> County inspection during regular business hours within a reasonable time of the request. <br /> If the County elects to conduct such an audit, it will give notice to the City,and such audit <br /> will be conducted as soon as is reasonably feasible thereafter, but County payments to <br /> the City(if any)will not be delayed pending the outcome of the audit. Such audit will be <br /> conducted by an auditor selected by the County, and the County will,except as provided <br /> herein, pay the cost of such audit. The City agrees to cooperate with the auditor and to <br /> make available for examination at its principal office all of its books, records, <br /> correspondence and other documents deemed necessary to conduct the audit by the <br /> auditor. If the audit reveals a variation equal to five percent (5%) or more of the cost of <br /> acquiring the Property, then the City will pay the cost of the audit, not to exceed Ten <br /> Thousand and 00/100 Dollars ($10,000.00). <br /> The City will preserve all records fora period of seven(7)years; PROVIDED, HOWEVER,that <br /> if the City proposes to dispose of any documents materially related to the Property for a <br /> period less than seven (7) years, then the City will deliver the same to the County for <br /> disposition by the County. <br /> The County may at all times enter the Property to determine the City's compliance with <br /> the terms and conditions of this Agreement or to post notices. Any person or persons <br /> who may have an interest in the purposes of the County's visit may accompany the <br /> County. <br /> Interlocal Cooperation Agreement between Snohomish County and City of Everett <br /> Concerning Acquisition of Property with Conservation Futures Funds Page 4 of 9 <br />