2006/07/12 Council Agenda Packet

• • 7 (c) The City shall reimburse the Port $75, 000 toward the cost of the Phase Three Improvements upon receipt of satisfactory evidence the Port has spent at least $600, 000 on the Phase Three Improvements and those improvements are operable and of benefit to the public. (d) In no event shall the County or the Cit obligated to pay any amount exceedingY be each toward the cost of completing the Phase Three Improvements, consisting f in—water structures and improvements to the Park and parking areas. (e) The entrance road to the premises must be improved to City standards as a condition of the shoreline substantial development permit. This cost will be paid from the Port's financial commitment as identified hereinbefore. 3 .2 Additional Im rovements. The propose additional development plans for the trecreation si e, City ort aftmay er , consulting with other parties to this Agreement concerning the feasibility of such development. The costs of preparing development plans will be borne entirely by the initiating agency unless a written agreement to share such costs is approved parties prior to the incurring of any costs. Future edevelopment plans for the recreation site shall be first approved by the other agencies prior to initiating construction, improvement or installation. The preparation of proposed not obligate the initiating agency toproceed vwith mconstruction. Having received appropriate authorization from their respective governing bodies, the fficials Si. ' g below have executed this Agreeme• . this 19967 N HQ lr- day of _ _,d__,,,,_ .. S 111 CI'! OF EVERE . _Li 4 dow42,Jilrawa, County Exe tive Ma 4111. PORT OF EV ' TT / Executive Director ATTEST: • L �. City�7- k ......11( _ lt-we. i / BNC:3221_1:82992_i ?3 - 4 - J - 5 95 0 4 1 003 84 Yol.. 3018PAGE 0948