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1 <br /> <br /> <br /> <br /> <br />PROJECT FUNDS RELEASE AGREEMENT <br /> <br /> <br />This Project Funds Release Agreement (“Agreement”) is effective as of the date of last <br />signature below (“Effective Date”) and is between the City of Everett, a Washington municipal <br />corporation (“City”), and the Funds Recipient identified in the table below (the “Funds <br />Recipient”). <br />Funds Recipient Port of Everett <br />Funds Recipient <br />Project Manager <br />Joe Eagle <br />PO Box 538 <br />Everett, WA 98206-0538 <br />JoeE@portofeverett.com <br />City Project <br />Manager <br />Bob Leonard <br />City of Everett – Parks and Facilities <br /> <br />802 E. Mukilteo Boulevard <br />Everett, WA 98203 <br />bleonard@everettwa.gov <br />City Fund <br />City fund that holds the 2% contribution(s) by Port of Everett for off-site <br />public access improvements pursuant to the below-described Findings <br />and Decision of the Hearing Examiner. <br />Controlling City <br />Fund Document <br />Findings and Decision of the Hearing Examiner of the City of Everett (In <br />the Matter of the Application of the Port of Everett for Approval of a <br />Shoreline Substantial Development Permit “South Terminal”) under <br />SMA #16-009 dated April 20, 2017. <br />Amount Held in <br />City Fund as of <br />Effective Date of <br />this Agreement <br />$401,529