11929 EVERGREEN WAY SWIFT STATION 2018-01-01 MF Import

8. Everett Transit's caoital contribution. Everett Transit shall make a capi!al contribution in an amount not to exceed four million($4,000,000) for Community Transit to build re�vlar BRT stations within the City of Everett along the Highway 99, Evergreen W ay, Rucker Avenue and Pacific Avenue corridoc Community Transit shall provide invoices to Everett Transit on a quarterly basis for BRT station planning, design, right-of- way acquisition and construction costs. 9. Northern Terminal construction. Evcrett Transit shall construct the Northe:n Terminal for the new BRT alternative at Gverett Station to accommodate BRT vehicles and is currently scheduled to complete construction no later than December 31, 2009. 10. Sales and use tax sharine. Everctt Transit shall provide an annual amount equal to the tax rate of five hundredths of one percent on sales and usc activity in the City of EvereU("funds") to Community Transit beynnint;in the first year of operation of the BRT altemative in Everett. Everett Transit will continue to provide the Cunds each year ro Community Transit so long as Community Transit operates Bus Rapid Transit alung the Highway 99, EvergReen Way, Rucker Avenue and Pacific Avenue corridors. Provided, howc✓er, if Everett Transit has made a capital �ontribution of more than$1 Million pursuant to Section 8 in a given calendar ycar, Everett Transit shall not be obligated to also provido the funds described in this Scction in that same calendar year. 1 I. Sianal Prioritv. Everett Transit shall provide Transit Signal Priority for the BRT altemative on the Highway 99, Evcrgeen Way, Rucker Avenue and Pacitic Avenue corridors. 12. Extension of Bus Raaid Transit to other sienificant transaortation corridors. Everett Transit and Community Transit will explore the possibility of extending thc Bu� Kapid Transit alternative to Broadway Avenue and other significant transportation corridors within the City of Everett. 13. Extension of local transit services 6v Evcrett'frxnsit. Everett Transit and Community Transit wil( explore the possibility of Everett Transit providing local transit services witliin the Snohomish County Public Transportation Benefit Area to previously under-served areas, including a resumption of the transit route between Mukiltco and Boeing. 14. Owncrshia of Nortliern Terminal. Everett Transit sliall own, operate, maintain and be responsible for the disposition of the Northern Terminal at Everett Station. 15. Acquisition of propertv needed to build stations. Community Transit sha(I be responsible for acquiring the propeRy needed to build the regular stations along the new BRT route along the Highway 99, Everett Way, Rucker Avenue, and Pacific Avenue coridots within Everett. Community Transit shall own,operate and maintain said stations so long as the BRT altemative along said corridors remains available to citizens of Everett provided, however, if this Ageement terminates, ownership of said stations shall be transferred to Everett Transit. �O