Snohomish County 12/8/2021 (2) - Laserfiche WebLink

e. The City shall recognize the County as a financial partner in the following manner: • The City shall hold at least 1 (one)event each calendar year during the term of this Agreement to promote the Downtown Everett Business Improvement Area. • The City shall invite the County to each event promoting the Downtown Everett Business Improvement Area and recognize the County at such events as a financial partner of the Maintenance Work. • The City shall recognize the County as a financial partner in all brochures, banners, posters, and other promotional material related to the Downtown Everett Business Improvement Area. 3. Payment. Upon execution of this Agreement the County shall pay to the City the annual total amount of$61,936 for 2021.The County will pay to the City a monthly payment in the amount of $5,316.17 ($63,794.03 annual total), due onthe first day of each month, for the initial period of January 12022, to December 31, 2022. The annual amount charged to the County shall increase by three percent (3%) in each subsequent calendar year, PROVIDED THAT,the obligations of the County in succeeding fiscal years beyond December 31, 2022, are contingent upon legislative appropriation for the specific purpose of funding this Agreement in accordance with law. In the event funds are not so appropriated,the County may terminate this Agreement without penalty. 4. Term. The term of this Agreement shall commence upon execution and end on December 31,2025. 5. Termination. a. For Convenience.Either party may terminate this Agreement by providing thirty (30) days' prior written notice to the other party. If this Agreement is terminated by the County, the City shall continue performing Maintenance Work in the Downtown Everett Business Improvement Area through the date of termination. The County shall compensate the City for all Maintenance Work performed by the City in the Downtown Everett Business Improvement Area through the date of termination. b. For Breach. If either party breaches this Agreement, the non-breaching party shall deliver notice of the breach to the other party. Except for curing Maintenance Work, described in Section 2b, if the breaching party does not cure the breach within thirty (15) days after delivery of such notice, then the non- breaching party may terminate this Agreement effective on written notice of termination to the breaching party. c. If this Agreement is terminated by the County pursuant to Sections 2b, or this Section 5, the City shall reimburse the County, within thirty (30) days, a pro 3