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1 <br /> the other Party. In the event that the agreement is terminated due to the City's default, <br /> any damages owing to Sound Transit will be offset against any final expenses charged <br /> to Sound Transit. <br /> 14.0 EFFECTIVE DATE AND TERM OF AGREEMENT <br /> 14.1 Effective Date <br /> This terms Agreement shall take effect on January 1, 2016. <br /> 14.2 Term of Agreement <br /> This Agreement shall expire on December 31, 2020, unless the parties agree to extend <br /> the term of this Agreement. <br /> 15.0 EXECUTION OF AGREEMENT <br /> This Agreement may be executed in two counterparts, either of which are regarded as an <br /> original. <br /> City of Everett Central Puget Sound Regional Transit <br /> Authority ("Sound Transit") <br /> Ray Stephanson Peter Rogoff <br /> Mayor Chief Executive Officer <br /> Date: Date: <br /> Attest: <br /> Sharon Fuller <br /> City Clerk <br /> Date: <br /> Approved as to form: Approved as to form: <br /> James D. Iles Sound Transit Legal Counsel <br /> City Attorney <br /> Date: Date: <br /> Everett Station Operations &Maintenance Agreertiolt, December 2015 <br /> Pag4 13 of 13 <br />