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AGREEMENT <br />NOW, THEREFORE, in consideration of the respective agreements set forth below and for <br />other good and valuable consideration, the receipt and sufficiency of which are hereby <br />acknowledged, the County and the City agree as follows: <br />1.Purpose of this Agreement. The purpose of this Agreement is to provide four million dollars <br />($4,000,000.00) for an emergency bridge housing facility within the City of Everett to provide <br />short term dwelling for homeless persons, along with coordination and access to substance <br />use and mental health treatment and services. <br />2.Definition of Emergency Bridge Housing. "Emergency Bridge Housing" or "EBH" is a type of <br />temporary accommodation designed to help homeless persons transition to permanent <br />housing. It serves as a "bridge" between an urgent need to house those experiencing <br />homelessness to permanent housing. Services may be more intensive or frequent to meet <br />the needs of those housed. Services include behavioral health services, employment services, <br />medical care, and other services that are provided onsite or through coordinated access to <br />offsite services. EBH is focused on navigating the complex needs and services that move <br />people toward permanent housing placement. <br />3.Term. The term of this Agreement shall commence on the Effective Date and will remain in <br />full force and effect through December 31, 2026 (the "Term"). If requested by the City and <br />approved in writing by the County, the Term of this Agreement may be extended up to <br />December 31, 2027, in which case such extension is deemed effective as of the County <br />written approval and no amendment of this Agreement is necessary to implement the <br />extension. As provided by RCW 39.34,040, this Agreement shall not take effect unless and <br />until it has (i) been duly executed by both Parties, and (ii) either filed with the County Auditor <br />or posted on the County's lnterlocal Agreements website ("Effective Date"). Notwithstanding <br />the Effective Date of this Agreement, this Agreement shall govern the conduct of the parties <br />regarding the Project after June 1, 2024. <br />4.Project Number. HCS-24-70-2402-198 <br />5.County Obligations. The County will provide up to four million dollars ($4,000,000) of CDMH <br />funding of CDMH funds to the City, which the City will provide to EGM under the City-EGM <br />Loan Agreement (defined below) for the Project. <br />6.City Obligations. <br />(a)Loan Agreement. The City shall execute with EGM a loan agreement in substantially <br />the form attached to this Agreement as Attachment 2 (the "Loan Agreement"), which <br />will provide to EGM a deferred forgivable loan (the "Loan") and which will cause, <br />among other things, a Use Restriction Covenant and a Deed of Trust (in the forms <br />attached to the Loan Agreement as exhibits) to be recorded against the Property. The <br />Loan Agreement also provides that: <br />(i)EGM will acquire the Property with the CDMH funds provided under the Loan <br />Agreement. <br />2