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5.10 Obtain and maintain, atits own costs and expense, all necessary permits, <br />licenses and approvals related to the purchase, ownership, and on -going maintenance <br />and management ofthe Property. <br />6. Payment from the County. The County shall provide financial assistance to <br />the City in the amount ofuptn$2,Z11,760from the Conservation Futures Fund for the <br />acquisition of the Property. Payment shall be made within twenty /30\ days of County <br />receipt of a City invoice submitted with documentation of imminent purchase of the <br />Property and transfer of title, provided the City has complied with all of the terms of this <br />Agreement. In no event shall the County be obligated to provide any payment to the <br />City in excess of the actual purchase price of the Property. Any obligations of the County <br />beyond the current fiscal year are subject to appropriation of funds for the specific <br />purpose of funding this Agreement in accordance with its Charter and applicable law. <br />7. Compliance with Lamm. The parties shall comply with all applicable federal, <br />state and local |amo' rules and regulations in performing this Agreement, including, but <br />not limited to, laws against discrimination. <br />8. Records, Inspections and Audits. The City will keep such full and detailed <br />accounts as may be necessary for proper financial management under this Agreement. <br />The County nnay, at its sole discretion, fro/n time to time whether before or after <br />acquisition of the Property or termination of this Agreement inspect all books and <br />records and other materials related to any matters covered by this Agreement and not <br />otherwise privileged, belonging to the City or any contractor or to elect to have an audit <br />conducted tuverify acquisition're|aiedcosts through the date of the acquisition, income <br />from the Property, maintenance and operation costs, and the cost o[post-acquisition <br />improvements. Such books, records and other materials shall be made available for <br />County inspection during regular business hours within a reasonable time of the request. <br />If the County elects to conduct such an audit, it will give notice to the City, and such audit <br />will be conducted as soon as is reasonably feasible thereafter, but County payments to <br />the City (if any) will not bedelayed pending the outcome ofthe audit. Such audit will bc <br />conducted by an auditor selected by the County, and the County will, except as provided <br />herein, pay the cost afsuch audit. The City agrees tocooperate with the auditor and tn <br />make available for examination at its principal office all of its books' records, <br />correspondence and other documents deemed necessary to conduct the audit by the <br />auditor. If the audit reveals a variation equal to five percent (5%) or more of the cost of <br />acquiring the Prope/ty, then the City will pay the cost of the audit, not to exceed Ten <br />Thousand and 00/100 Dollars ($10,000.00). <br />The City will preserve all records for a period of seven (7) years; PROVIDED, HOWEVER, that <br />if the City proposes to dispose of any documents materially related to the Property for a <br />period less than seven (7) years, then the City will deliver the same to the County for <br />disposition by the County. <br />Interlocal Cooperation Agreement between Snohomish County and City of Everett <br />