2011/01/05 Council Agenda Packet

• WATER SUPPLY FORUM FUNDING AGREEMENT This FUNDING AGREEMENT ("Agreement"), is made and entered into by and among the City of Seattle; the City of Everett (also on behalf of the Everett Water Utility Coordinating Committee); the City of Tacoma ("Tacoma"); the Pierce County Regional Water Association; the East King County Regional Water Association; the South King County Regional Water Association; the Cascade Water Alliance; the Snohomish River Regional Water Authority; and King County; each individually referred to as a "Party" and collectively referred to in this Agreement together as the "Parties." Recitals WHEREAS, the Water Supply Forum (hereinafter "Forum"), that includes the entities and organizations above identified, is engaged in, and updates as needed, the Regional Water Supply Outlook, the development of a Water Resource Management strategy, drought response coordination, water conservation initiatives, and various other projects to further the.Forum members' mutual interests in future water issues, and WHEREAS, the Forum members previously entered into a Project Funding Agreement to cooperatively fund an identified list of Action Items from 2004 through 2010 in accordance with an identified budget and identified contribution levels, which agreements also provided that Tacoma would undertake to administer the Forum funds and consulting contracts, and WHEREAS, the 2006 Project Funding Agreement will expire on December 31, 2010, yet the Forum wishes to continue to develop and cooperatively fund additional activities consistent with the mutual interest of the Forum's members, and WHEREAS, the Forum recognizes that consultant assistance will be required from time'to time to complete anticipated activities and projects, and WHEREAS the members of the Forum executing this Agreement believe that continued administration of Forum funds and consulting contracts by Water Supply Forum Funding Agreement 36 Page 1