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<br /> <br />10 FINAL WRIA 8 Interlocal Agreement 2026-2035 January 2025 <br /> <br /> <br />7.2 The maximum funding responsibilities imposed upon the Party during each year of this <br />Agreement shall not exceed the amounts that are established annually pursuant to <br />Section 4.4 herein. <br />7.3 No later than October 1 of each year of this Agreement, the WRIA 8 Salmon Recovery <br />Council shall adopt a budget, including its overhead and administrative costs, for the <br />following calendar year. The budget shall propose the level of funding and other <br />responsibilities (e.g., staffing) of the individual Parties for the following calendar year and <br />shall propose the levels of funding and resources to be allocated to specific prioritized <br />planning and implementation activities within WRIA 8. The Parties shall thereafter take <br />whatever separate legislative or other actions that may be necessary to timely address <br />such individual responsibilities under the proposed budget and shall have done so no <br />later than December 1 of each such year. <br />7.4 Funds collected from the Parties or other sources on behalf of the WRIA 8 Salmon <br />Recovery Council shall be maintained in a special fund by King County as Fiscal Agent <br />and as ex officio treasurer on behalf of the WRIA 8 Salmon Recovery Council pursuant <br />to rules and procedures established and agreed to by the WRIA 8 Salmon Recovery <br />Council. Such rules and procedures shall set out billing practices and collection <br />procedures and any other procedures as may be necessary to provide for its efficient <br />administration and operation. <br />7.5 Any Party to this Agreement may inspect and review all records maintained in connection <br />with such fund at any reasonable time. <br />8. LATECOMERS. Any Eligible Government may become a Party only with the written consent of <br />all the Parties. The provisions of Section 5 otherwise governing decisions of the WRIA 8 <br />Salmon Recovery Council shall not apply to this section. The WRIA 8 Salmon Recovery <br />Council and the Eligible Government seeking to become a party shall jointly determine the <br />terms and conditions under which the Eligible Government may become a Party. The terms <br />and conditions shall include payment of an amount by the new Party to the Fiscal Agent. The <br />amount of payment is determined jointly by the WRIA 8 Salmon Recovery Council and the new <br />Party. The payment of the new Party is to be a fair and proportionate share of all costs <br />associated with activities undertaken by the WRIA 8 Salmon Recovery Council and the Parties <br />on its behalf as of the date the Eligible Government becomes a Party. Any Eligible <br />Government that becomes a Party pursuant to this section shall thereby assume the general <br />rights and responsibilities of all other Parties to this Agreement. <br />9. TERMINATION. <br />9.1 Termination can only occur on an annual basis, beginning on January 1 of each calendar <br />year, and then only if the terminating Party, through action of its governing body, <br />provides at least sixty (60) days’ prior written notice of its intent to terminate. The <br />Docusign Envelope ID: 48E79E7B-5AC3-4CC4-8B35-4E352C6A884A