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NOW, THEREFORE, in consideration of the mutual promises set out below/and <br />for other good and valuable consideration, the Parties agree asfollows: <br />1. Identification of PropertV, The unimproved Property is located in the City <br />ofEverett, Washington and isgenerally legally described asfollows: <br />SEE A|/ACHEDEXHIBIT A. <br />2' Purpose mfProperty Acquisition. The Property istobeacquired for the <br />purpose of conserving open spaces and areas as authorized by RCVV 8434200 et seq., <br />and for conservation and for passive, public recreation. <br />3. Duration. This Agreement shall become effective when executed byboth <br />parties and posted on the County's Interlocal Agreements website (the "Effective Date"). <br />If the Property is acquired within the time frame provided in Section 52 below, this <br />Agreement shall be in effect perpetually, subject to any amendments agreed to in writing <br />bythe parties. If the Property is not acquired within the time frame provided in Section <br />5.1 be|Vvv' this Agreement shall be terminated; PROVIDED, HOWEVER, that the County <br />and the City may routuaUyagree inwriting, prior totermination, upon an extension of <br />4. Administrators. Each party to this Agreement shall designate an <br />individual (an "Administrator") who may be designated by title or position' to oversee <br />and administer such paru/s participation in this Agreement. The parties' iniiia| <br />Administrators shall be the following: <br />Count/s Initial Administrator: <br />(]t/sInitial Administrator - <br />Tom Teigen, Director Bob Leonard, Director <br />Snohomish County Parks and City ufEverett Parks and Facilities <br />Recreation 802 E. Muhi|ten Blvd Everett WA <br />6705Puget Park Drive 9820I <br />Snohomish, WA 98296 <br />Either party may change its Administrator at any time by delivering written <br />notice ofsuch partv'snew Administrator tothe other party, <br />5. Duties of the CitV to Acquire, Operate, Maintain and Conserve. The City <br />shall: <br />5.1 Acquire the Property within twenty-four (24) months ofthe Effective <br />Date of this Agreement and upon closing maintain, operate and conserve the Property <br />for open space and passive park purposes. The City shall undertake all reasonable <br />Interlocal Cooperation Agreement between Snohomish County and City of Everett <br />Concerning Acquisition of Property with Conservation Futures Funds Page 2of9 <br />