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F. On July 19,2018,the Board of Directors of the County PFD determined that the <br /> Aggregate Tier 2 Allocations, as previously allocated should be extended through the <br /> additional funding years of 2026 through 2041, subject to applicable terms and the Board of <br /> Directors approved a revised allocation of the Sales and Use Tax revenue to reflect the 40-year <br /> full term of the Sales and Use Taxes including the extended period authorized in the 2017 <br /> legislation which such Board action was incorporated into a Board Resolution on October 25, <br /> 2018; and, <br /> G. The Parties desire to amend the Interlocal Agreement by this Addendum to <br /> provide for the extension of the time period for the Tier 2 Allocations and specify the certain <br /> terms that the Board directed as part of the extension of Tier 2 Allocations. <br /> NOW, THEREFORE, the Parties hereby agree as follows: <br /> AGREEMENT <br /> 1. Continuation of Tier 2 Allocation. So long as the City PFD can and does make <br /> lawful use of the funds to be contributed by the County PFD under the provisions of RCW <br /> 82.14.390, as now or hereafter amended, and subject to continued compliance with all of the <br /> terms and conditions of the Interlocal Agreement and this Addendum No. 2, the County PFD <br /> shall allocate and contribute to the City PFD, thirty and four-tenths percent (30.4%) of the <br /> Aggregate Tier 2 Allocations. It is anticipated that on January 1, 2026, with respect to the <br /> Snohomish County Regional Center and January 1, 2027, with respect to the remaining local <br /> PFD Regional Centers, the County PFD commitments for Aggregate Tier 1 Allocations will <br /> be fulfilled and that from and after those dates as to those respective revenue amounts received <br /> by the County PFD they will be considered as Tier 2 Allocation eligible revenue subject to <br /> this Addendum. <br /> 2. Tier 2 Allocation Disbursement Schedule. Exhibit A attached to Addendum <br /> No. 1 is hereby deleted and replaced by Exhibit A-1 attached hereto and incorporated by this <br /> reference. <br /> 3. Reallocation of Tier 2 Allocation. The Board of Directors has determined that <br /> the allocation of Sales and Use Tax shall continue to each of the local public facility districts <br /> and the County for its Aviation Museum and Conference Center so long as the bonded <br /> indebtedness incurred to finance or refinance the respective regional centers remains <br /> outstanding. If the bonded indebtedness for a local public facility district or the County, for <br /> its respective regional center, is paid off, that allocated share of the Tier 2 Sales and Use Tax <br /> shall be reallocated to the remaining parties receiving funding so that their funding shares will <br /> be increased respectively while remaining in proportion to one another in the same relative <br /> comparative shares as before the adjustment was made. <br /> 4. Section M of the Interlocal Agreement, DURATION OF AGREEMENT, is here by <br /> revised in its entirety to state: <br /> sNc/I o 6aa000 uo 1 oo i 443.va <br /> 2 <br />