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7 <br /> such development plans will be borne entirely by the initiating agency unless a written agreement to share <br /> such costs is approved by all parties prior to incurring of any costs. Future development plans for the <br /> recreation site shall be first approved by the other agencies prior to initiating construction,improvement <br /> or installation. . . . <br /> The parties deem it important to provide recreation facilities to the general public. The parties have <br /> proposed certain improvements to the Marine Park set forth in Exhibit B-2, which is attached hereto and <br /> by this reference incorporated herein. The improvements are in the parties' respective interests because <br /> the 10th Street Marine Park has grown over time as a recreational development that is favored due to <br /> geographic, economic,population and other factors influencing the recreational needs of the local <br /> communities. The design aspects of the proposed improvements are set forth in a letter attached hereto <br /> as Exhibit B-1 and by this reference incorporated herein. Exhibits B-1 and B-2 comprise the design and <br /> proposed improvements for the further development of the 10th Street Marine Park (10th Street Marine <br /> Park Improvements"),which, subject to funding limitations,the parties have determined should be <br /> considered and implemented. The City,the County, and the Port have agreed to share some of the costs <br /> of the 10th Street Marine Park Improvements as set forth in this Agreement, and to provide for the <br /> carrying out of the 10th Street Marine Park improvements. <br /> 1.3 Term. This Agreement shall commence upon execution by the parties and filing and recording with <br /> the County Auditor pursuant to Chapter 39.34 RCW and shall expire in three (3) years unless <br /> extended by written agreement of the parties. <br /> 1.4 Termination. This Agreement may be terminated for any reason at any time prior to its expiration by <br /> any of the parties upon sixty(60) days prior written notice by one party to the others. Any obligation <br /> of the County after December 31,2006 is contingent upon local legislative appropriation of funds for <br /> the specific purpose of funding this agreement in accordance with the Snohomish County Charter <br /> and applicable law. <br /> 1.5 Amendments. This Agreement may be amended only upon written agreement of the parties <br /> executed in the same manner as provided by law for the execution of the Agreement pursuant to <br /> Chapter 39.34 RCW. <br /> 1.6 Property. Any real or personal property acquired or used by any party in connection with this <br /> agreement will be acquired, held, and disposed of by that party in its discretion, and other parties <br /> will have no joint or other interest therein. Upon termination of this Agreement, real and personal <br /> property acquired through this Agreement shall be retained or disposed of in the manner provided by <br /> law. <br /> 1.7 Organization.No separate legal or administrative entity is created by this Agreement. Each party <br /> shall remain solely responsible for the direction of its own employees. No provision is made in this <br /> Agreement for an administrator or joint board. <br /> 1.8 Filing. This Agreement shall be filed with the Snohomish County Auditor in accordance with the <br /> requirements of RCW 39.34.040. <br /> 1.9 No Third Party Benefit. This Agreement is entered into for the benefit of the parties to this <br /> Agreement only and shall confer no benefits or rights, direct or implied, on any third parties. 1 <br />