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INTERLOCAL AGREEMENT BETWEEN <br /> PUBLIC UTILITY DISTRICT NO. 1 OF SNOHOMISH COUNTY <br /> AND THE CITY OF EVERETT <br /> THIS INTERLOCAL AGREEMENT ("Agreement"), is made and entered into by and <br /> between the Public Utility District No. 1 of Snohomish County, a Washington State municipal <br /> corporation ("District"), and the City of Everett, a Washington State municipal corporation <br /> ("City"). The District and the City are also referred to herein individually as "Party" and <br /> collectively as "Parties." <br /> RECITALS <br /> WHEREAS, the District has obtained a Clean Energy Fund — Electric Transportation <br /> Systems grant("Grant") from the Washington State Department of Commerce for the purchase of <br /> a resonant magnet induction charging system for electric buses and has executed a grant agreement <br /> for such grant,which is attached as Exhibit"A"to this Agreement("Grant Agreement"). <br /> WHEREAS, Everett Transit (a municipal transit system owned by the City) desires to <br /> work with the District to obtain, install and use the innovative resonant magnet induction charging <br /> system ("EVSE" or"resonant magnet induction charging system")for electric buses at Riverfront <br /> Park near downtown Everett("Project"). <br /> WHEREAS, the District will use the Grant, as set forth in this Agreement, to reimburse <br /> the City for eligible and agreed upon costs of the Project. The Grant was awarded to the PUD on <br /> a 10:1 grant funds to matching funds basis for costs incurred by the PUD and the City. The <br /> matching funds obligation will be shared by the District and City with the District contributing <br /> 51% and the City contributing 49%. <br /> WHEREAS, this Project represents the first resonant magnet induction charging system <br /> for electric buses in Western Washington and serves as a demonstration project for future <br /> installations in Everett and the greater Puget Sound region. <br /> WHEREAS, this Project has the potential to reduce harmful emissions addressing <br /> environmental justice issues, provide savings to transit agencies, and offer educational outreach <br /> opportunities to the community on adopting new green technologies. <br /> WHEREAS, after installation of the charging system, the District will have full access to <br /> the resonant magnet induction charging system for a period of five (5) years to evaluate load <br /> management and grid optimization strategies compatible with transit service requirements to <br /> optimize the electric grid for this and related EV charging technologies. <br /> NOW, THEREFORE, in consideration of the respective agreements set forth below and <br /> for other good and valuable consideration, the receipt and sufficiency of which are hereby <br /> acknowledged, the District and the City agree as follows: <br /> 1 <br />