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{ <br /> CITY <br /> BUS PASS SALES AGREEMENT BETWEEN <br /> ISLAND TRANSIT AND THE CITY OF EVERETT <br /> if-rL0C+b16-EA <br /> THIS AGREEMENT, made and entered into this day of S p ember, 2016, by and <br /> between Everett Transit, 3201 Smith Avenue, Suite 215, Everett,Washington 98201 <br /> (hereinafter referred to as "Everett Transit") and Island County Public Transportation <br /> Benefit Area Corporation, 19758 SR 20, Washington 98239 (hereinafter referred to as <br /> "Island Transit"). <br /> WITNESSETH <br /> WHEREAS, both Island Transit and Everett Transit wish to provide customers <br /> with a convenient method to purchase tickets and passes, and <br /> WHEREAS, it is in the best interest of Everett Transit and Island Transit's service <br /> area for the sharing of a bus pass sales outlet services to be established. <br /> NOW, THEREFORE, IT IS MUTUALLY AGREED AS FOLLOWS: <br /> 1. Everett Transit agrees to sell Island Transit monthly bus passes for Island Transit at the <br /> Customer Service windows at Everett Station and/or any other locations that may be <br /> agreed upon by both parties in writing. <br /> 2. Everett Transit will remit to Island Transit the proceeds from all pass sales at the rates <br /> fixed in the Island Transit Monthly Pass Policy less any applicable commission (see#7) on <br /> a monthly basis as specified in#6. <br /> 3. Island Transit shall provide passes numbered in sequential order to Everett Transit before <br /> the 15th of the month prior to the month they are valid. Passes are valid on the first of the <br /> month through the end of the month. <br /> 4. Passes will be sold at the full purchase price by Everett Transit from the 15th of the prior <br /> month through the 14th of the month the passes are valid. <br /> 5. Everett Transit will track pass sales by the pass number and provide Island Transit with a <br /> request to invoice for the proceeds by tenth day of each month (e.g., January passes and <br /> monies due by February 10th, etc.), or at such time and in such manner agreed by Everett <br /> Transit and Island Transit. <br />