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TABLE OF CONTENTS <br /> Section Caption Page <br /> Recitals 1 <br /> 1 Creation of Washington Multi-City Business License and Tax Portal Agency2 <br /> 2 Term of Agreement 2 <br /> 3 Definitions 3 <br /> 4 Guiding Principles and Goals 6 <br /> 5 Portal Agency Services .. 8 <br /> 6 Portal Agency Powers 10 <br /> 7 Executive Board: Composition and Operation 11 <br /> 8 Conversion of Status of Participating Cites;Addition of New Principals or <br /> Subscribers . 15 <br /> 9 Tax and Finance Operations Committee 16 <br /> 10 Portal Agency Staffing 17 <br /> 11 Portal Agency Manager . 18 <br /> 12 Assignment of Portal Services Contract From Seattle to Portal Agency 19 <br /> 13 Budget;Cost Allocation; Capital Cost Recovery Charges; Payment of Charges; <br /> Delinquencies; Reserve Funds 19 <br /> 14 Retained Authority and Responsibility of Participating Agencies 23 <br /> 15 Ownership of Property 23 <br /> 16 Merger or Consolidation, or Sale of All or Substantially All Assets 24 <br /> 17 Withdrawal by,or Termination of,a Principal .. 24 <br /> 18 Amendment of Agreement 25 <br /> 19 Termination of Agreement; Dissolution of Agency 25 <br /> 20 Dispute Resolution . 26 <br /> 21 Insurance 27 <br /> 22 Indemnification and Hold Harmless 27 <br /> 23 Intergovernmental Cooperation 28 <br /> 24 Notice 29 <br /> 24 Venue 29 <br /> 26 Filing .. 29 <br /> 27 No Third Party Beneficiaries . 29 <br /> 28 Severability 30 <br /> 29 Ratification . 30 <br /> 30 Execution,Counterparts and Effective Date . 30 <br /> List of Exhibits 32 <br /> A Proposed 2014 Portal Agency Budget Summary .. 33 <br /> B 2015-2020 Estimated Portal Agency Operating Budget Summary 35 <br /> C Capital Cost Recovery Charges 37 <br /> D Calculation of New Participant Capped Cost Increment and <br /> New Participant Labor Cost Increment 38 <br />