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DISTRIBUTION OF VESSEL REGISTRATION FEE AGREEMENT <br />BETWEEN SNOHOMISH COUNTY AND THE CITY OF EVERETT <br />This Distribution of Vessel Registration Fee Agreement ("Agreement") is entered into by <br />the Snohomish County, a political subdivision of the State of Washington ("County"), and the City <br />of Everett, a municipal corporation of the State of Washington ("Everett"). <br />WITNESSETH THAT: <br />Whereas pursuant to RCW 88.02.650, the Department of Licensing (DOL) collects vessel <br />registration fees on an annual basis, retains the first 1.1 million dollars of what is collected and <br />then distributes the remainder to Washington counties that have approved boating safety <br />programs; and <br />Whereas pursuant to WAC 352-65-050(2), the legislative authority of each county with an <br />approved boating safety program is responsible for equitably distributing funds allocated by <br />the state treasurer between local jurisdictions in compliance with the requirements of chapter <br />352-65 WAC; and <br />Whereas local jurisdictions offering boating safety services and desiring to receive distribution <br />of funds must enter into a cooperative agreement with the county and receive and maintain <br />state park's approval for their boating safety program; and <br />Whereas pursuant to WAC 352-65-050 the County must make the equitable distribution to <br />all eligible jurisdictions within seventy-five days of the allocation from the state treasurer and <br />notify state parks of the amount distributed to each eligible local jurisdiction; and <br />Whereas the County has an approved boating safety program; and <br />Whereas the County receives an annual allocation of vessel registration fees and anticipates <br />receiving allocation of vessel registration fees in the future; and <br />Whereas Everett has received and will maintain state parks' approval for its boating safety <br />program and is eligible to receive an equitable share of the vessel registration fees upon <br />execution of a cooperative agreement with the County; and <br />Whereas the County and Everett desire to enter into a cooperative agreement, <br />NOW, THEREFORE, in consideration of covenants, conditions, performances, and promises <br />hereinafter contained, the parties agree as follows: <br />