3003 W CASINO RD 1991 SITE DEV 2018-01-01 MF Import

IWhile the fiscal analysis shows that new revenue � accommodate the mcreased demand for services over drr,e,y't isul kely that I �ertain 1oca1 governments wili encounter a demand/i�evenue " a " demand will first arise when new Boeing employees locate In a uns di�b�e Within one or two years, additional jobs to support those workers will attract new residents. Whiie sales tan, and in the case of municipalities B&O taz, revenues will be received immediately, property tax reccipts �•,i111ag because of initial assessment and semi-annual payment cycles. b. It wil] be necessary to track the fiscal impacts of, and revenues derived from, the fixpansion as they occur. Therefore, Bceing and the City of Everett will develop a monitoring and data gathering system to enable the City to account for fiscal activities resulting from acdvities on the site, The Ciry rewgnizes that some of the information which is necessary far �ts management purposes is of a highly confidential nature to Bceing. The City ancl goeing agree to develop a monitoring data system in such a way as to protect the proprietary nature of the data and information and, at the same time, monitor employment, fiscal data related to tau generado� and expenditures, and maintenance of public services (fire fighting,security and recreation)provided by Boeing on-site. �• BoeinB will usist the City in developing a mitigation package with the State of Washington to fund public services (capical and opentions). The State of Washington will be the recipient of substandal revenues resulting from the proposal, The City of Everett, Boeing and the State of Washington need to define the state's role and responsibilities in the provision of rssential public services, including, but not limited to the following: school construction and opecations, !aw and jusdce funding, transportadon, public slfery consideradons, and housing. For its part, goei�g has volunw:red to employ its good offices and public affairs ezpertise towazd the development and implementadon of such an impact usistance package involving the state and local governments. d• Boeing agrees to request of its contractors that they use Even:tt's Iocai code (3015) in the contractor's excise tax repotts to the llepartment of Revenue, consistent with state and local law, Boeing further agrees to request that to the eztent pracdcal, materials and goods purchased for the ezpansion shall be purchased from the Everett and/or Snohomish Counry suppIiers. c• The City of Everett will review its budget priorities with an eye towazd meedng essential public services and public safety needs as they may relatc to impacts and revenues azsociated with this projec�, Such a review may result in specific aliocations of resources to address special neads resulting from the proposal, 48