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2. <br /> 8.Everett,Transit's capital contribution. Everett Transit shall make a capital . <br /> contribution in an amount not to exceed four million($4,000,000)for Community Transit <br /> to build regular ERT stations within the City of Everett along the Highway 99,Evergreen <br /> Way,Rucker Avenue and Pacific Avenue corridor. Community Transit shall provide <br /> invoices to Everett Transit on a quarterly basis for ERT station planning,design,right-of- <br /> way acquisition and construction costs. <br /> 9. Northern Terminal construction. Everett Transit shall construct the Northern <br /> Terminal for the new BRT alternative at Everett Station to accommodate BRT vehicles <br /> and is currently scheduled to complete construction no later than December 31,2009. <br /> 10. Sates and use tax sharing. Everett Transit shall provide an annual amount equal to <br /> the tax rate of five hundredths of one percent on sales and use activity in the City of <br /> Everett("funds")to Community Transit beginning in the first year of operation of the <br /> ERT alternative in Everett,Everett Transit will continue to provide the funds each year to <br /> Community Transit so long as Community Transit operates Bus Rapid Transit along the <br /> Highway 99,Evergreen Way,Rucker Avenue and Pacific Avenue corridors. Provided, <br /> however,if Everett Transit has made a capital contribution of more than$1 Million <br /> pursuant to Section 8 in a given calendar year, Everett Transit shall not be obligated to <br /> also provide the funds described in this Section in that same calendar year. <br /> 11.Signal Priority. Everett Transit shall provide Transit Signal Priority for the BRT <br /> alternative on the Highway 99,Evergreen Way,Rucker Avenue and Pacific Avenue <br /> corridors. <br /> 12. 113etension of Bus Rapid Transit.to other significant transportation corridors. <br /> Everett Transit and Community Transit will explore the possibility of extending the Bus <br /> Rapid Transit alternative to Broadway Avenue and other significant transportation <br /> corridors within the City of Everett. <br /> 13.Extension of local transit services by Everett Transit, Everett Transit and <br /> Community Transit will explore the possibility of Everett Transit providing local transit <br /> services within the Snohomish County Public Transportation Benefit Area to previously <br /> • under-served areas,including a resumption of the transit route between Mukilteo and <br /> Boeing. <br /> 14. Ownership of Northern Terminal. Everett Transit shall own,operate,maintain and <br /> be responsible for the disposition of the Northern Terminal at Everett Station. <br /> 15,Acquisition of property needed to build stations. Community Transit shall be <br /> responsible for acquiring the property needed to build the regular stations along the new <br /> BRT route along the Highway 99,Everett Way,Rucker Avenue,and Pacific Avenue <br /> corridors within Everett, Community Transit shall own,operate and maintain said <br /> stations so long as the BRT alternative along said corridors remains available to citizens <br /> of Everett;provided,however,if this Agreement terminates,ownership of said stations <br /> shall be transferred to Everett Transit, <br /> • <br /> 3 <br /> 4 <br />