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NOW THEREFORE, IT IS AGREED: <br /> 1. Governance Process <br /> 1.1. The Parties hereby create the Riverside Environmental Team ("RET") and <br /> empower the RET to direct activities related to Work at the Property. <br /> 1.2. On or before January 13, 2006, each Party will appoint one technical, one legal <br /> and one management representative to serve on the six-member RET. Each <br /> Party will designate one of its RET representatives to be its project manager. At <br /> an appropriate time, after the Work has been completed and the NFA letter (as <br /> defined below) has been received from Ecology, the RET and the MOU will <br /> terminate. <br /> 1.3. The RET will meet regularly in person and/or telephonically to discharge its <br /> responsibilities under this MOU. Meetings of the RET are not restricted to its <br /> members and may include consultants, advisors and contractors, as well as other <br /> participants or observers from K-C and the City. <br /> 1.4. All decisions of the RET will be by a majority vote of its members, subject to the <br /> dispute resolution process described in Section 4 below. The RET decisions will <br /> be recorded by minutes or other method of recordkeeping established by the <br /> RET. <br /> 1.5. The RET will be responsible for approving all key decisions, as identified by the <br /> project managers related to the preparation for and the conduct of the Work and <br /> for ensuring that the Work is conducted in a scientifically sound, efficient and <br /> cost-effective manner. The project managers for each of the City and K-C will <br /> confer in advance of any scheduled RET meeting to set forth and circulate an <br /> agenda. Members of the RET will be responsible for obtaining authority from <br /> their respective organizations to vote on any agenda item scheduled for decision <br /> at any meeting of the RET. <br /> 1.6. Notwithstanding the provisions of the Agreement of Purchase and Sale for the <br /> Property("PSA"), notice and communication among the parties pursuant to this <br /> MOU may be by email or other form of communication agreed to by the RET. <br /> 1.7. The RET will coordinate communications with third parties related to the Work, <br /> including Ecology or other agencies, as well as any communications with the <br /> media or the public. <br /> 1.8. In the event that any potentially liable party responsible for the presence of <br /> hazardous substances at the Property ("PLP") is identified and agrees to <br /> participate in cost-sharing for the Work, the RET may modify its governing <br /> procedures to allow for the participation ofsuch PLP. <br /> 1.9. The RET will establish phases and schedules for the Work, prepare and manage <br /> the scope and budget for the Work, select and manage consultants and <br /> contractors, coordinate with Ecology or other agencies, determine Performance <br /> Standards and prepare work plans, reports and a cleanup action plan, all as <br /> Page 3 <br />