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e' <br /> ADDENDUM NO.2 TO INTERLOCAL AGREEMENT FOR DEVELOPMENT <br /> OF THE EVERETT EVENTS CENTER <br /> This Addendum No. 2 (this "Addendum")is made and entered into as of the 12th day of <br /> August,2020, , among the City of Everett, a city duly organized and existing under and by <br /> virtue of the laws of the State of Washington (the "City"); the Snohomish County Public Facilities <br /> District, a municipal corporation duly organized and existing under the laws of the State of <br /> Washington (the "County PFD");Snohomish County, a political subdivision of and duly organized <br /> and existing under the laws of the State of Washington and the Charter of Snohomish County(the <br /> "County"); and the Everett Public Facility District, a municipal corporation duly organized and <br /> existing under and by virtue of the laws of the State of Washington,established by the City of Everett <br /> (the"City PFD"). <br /> RECITALS <br /> A. The City,County PFD,County,and City PFD(collectively the"Parties")entered into <br /> an Interlocal Agreement dated December 20, 2001, recorded with the Auditor of the County of <br /> Snohomish, State of Washington under recording number 20021160349 (the "Interlocal <br /> Agreement") to provide for the development of a Regional Center as defined in RCW 35.57.020 <br /> known as the"Everett Events Center" (the"Regional Center");and <br /> B. The County PFD,under the authority of RCW 82.14.390 has imposed a Sales and <br /> Use Tax "Sales and Use Tax", a portion of which the County PFD has allocated and agreed to <br /> contribute through intergovernmental project payments to the payment of debt service on the <br /> bonds issued to finance the Regional Center in accordance with and subject to the terms and <br /> conditions of the Interlocal Agreement, including without limitation, in accordance with the <br /> schedule contained in Exhibit "B", of the Interlocal Agreement which payments extend to <br /> December, 2026 (the "Tier I Allocation"); and <br /> C. The County PFD entered into similar interlocal agreements to provide funding <br /> for three (3) other regional centers, which were recorded with the Auditor of Snohomish <br /> County under recording numbers 200211060003,200212260514,and 200312260486 pursuant <br /> to which the County PFD allocated and committed contributions from the Sales and Use Tax <br /> for the payment of debt service on the respective bonds issued to finance the development <br /> thereof, which when added to the Tier 1 Allocation shall be referred to herein as the <br /> "Aggregate Tier 1 Allocations" (the Aggregate Tier 1 Allocations are in a fixed amount <br /> allocated prior to the date of this Addendum); and <br /> D. On February 25, 2009, the Parties amended the Interlocal Agreement through <br /> Addendum No 1 to provide for additional allocation of the Sales and Use Tax that exceeded <br /> the Aggregate Tier 1 Allocations and created Tier 2 Allocations to the four (4) regional <br /> centers; and <br /> E. Pursuant to Chapter 164,Laws of 2017,the Legislature extended the time period <br /> for the Sales and Use Taxes imposed under RCW 82.14.390 from a maximum 25-year term to <br /> a maximum 40-year term; and . <br /> 3NC!(0620/000I ro100I443.v2 <br /> 1 <br />