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fCAC—023—90IMarch29,1990INTERLOCALCOOPERATIONAgreementBETWEENKINGCOUNTYANDTHECITYOFRentonOPENSPACEACQUISITIONPROJECTSThisInterlocalCooperationAgreementisenteredintobetweentheCityofRenton(“City11)andKingCounty(ticountyl!)ArticleI.RECITALSOnNovember7,1989,KingCountyvotersapprovedtheissuanceofBondstofinancetheacquisition,construction,development,andimprovementofpublicgreenspaces,greenbelts,openspace,parksandtrailsandanexcesspropertytaxlevytopaytheprincipalandinterestonsuchBonds.TheballotpropositionwasauthorizedbyKingCountyOrdinanceNo.9071.ProjectstobefundedfromBondProceedsincludeKingCountyProjects,CityofSeattleProjectsandSuburbanJurisdictionProjects.PriortothedistributionofBondProceedsbytheCountytoaneligiblejurisdiction,OrdinanceNo.9071requiresexecutionofanInterlocalCooperationAgreementcontainingprovisionsnecessarytosatisfyapplicablefederaltaxlawsandrequlationsandtomakecertainotherprovisions.PursuanttoKingCountyOrdinanceNo.9071,andWashingtonStatuteChapter39.34,thepartiesagreeasfollows:—1—901—319.AG CArticleII.DEFINITIONS.2.1.Agreement.ThisInterlocalCooperationAgreementbetweentheCountyandtheCityregardingthedistributionofProceedsfromthesaleofBondsforpublicgreenspaces,greenbelts,openspace,parksandtrails,asdescribedandauthorizedbyOrdinanceNo.9071andtheBondOrdinance.2.2.BondOrdinance.TheordinanceorordinanceswhichareadoptedbytheKingCountyCouncilauthorizingtheissuanceandsaleofBondstofinancetheProjectsauthorizedbyOrdinanceNo.9071orsubsequentlyapprovedbytheCounty.2.3.BondProceeds.TheprincipalproceedsreceivedfromthesaleofBondsandanyearningsreceivedfromtheinvestmentthereof.ThetermshallnotincludeaccruedinterestontheBondspaidbytheoriginalpurchaseroftheBonds.2.4.BondRedemptionFund.TheCountyfunddesignatedbyordinanceforthepurposeofpayingtheprincipalofandinterestonanyBondsissuedbytheCounty.2.5.Bonds.Anybonds,notesorotherevidenceofindebtednesssoldpursuanttotheBondOrdinanceandanyrefundingbondsissuedinlieuthereof.2.6.CapitalCosts.Theterm“capitalcosts”shallbeconstruedconsistentwiththeterm“capitalpurposes”inArticleVII,§2(b)oftheWashingtonStateConstitution.Thetermshallnotincludethereplacementofequipment.ThetermmayincludepaymentforallcostsrelatedtothecarryingoutofProjects,includingwithoutlimitation,realestateappraisal,legaland-—2—90l—3l9.AG *C,C,acquisitioncosts;makingqualifiedreimbursements;payingnecessarydesign,engineering,constructionandProjectadministrationexpenses;staffingcostsoftheCitizensOversightCommittee;payinginterestonanyinterimfinancingpendingthereceiptofBondProceeds;andpayingthecostsandexpensesincurredinissuingtheBondsoradministratingtheplanninganddistributionofBondProceeds.2.7.CitizensOversightCommittee.TheOpenSpaceCitizensAdvisoryCommittee,whichwasestablishedfollowingenactmentoftheElectionOrdinanceandpassageofthebondpropositionauthorizedthereintoreviewandreporttotheKingCountyCouncilonasemi-annualbasisregardingthestatusandimplementationofapprovedProjects.ThecommitteeisalsoresponsibleforrecommendingtotheKingCountyCouncilconcerningreallocationsofBondProceedswhenavailableforneworrevisedProjects.2.8.ChiefFinancialOfficer.ThepersonservingaschieffinancialofficeroftheCounty’sOfficeofFinancialManagementortheperson’ssuccessor.2.9.Code.TheInternalRevenueCodeof1986asamended,togetherwith,allapplicableregulations.2.10.TheElectionOrdinance.KingCountyOrdinanceNo.9071.2.11.OpenSpace.Theterm“openspace”or“openspaceland”means(a)anylandareasodesignatedbyofficialcomprehensivelanduseplanandadoptedbyacityorcountyand•—3—901—319.AG Czonedaccordinglyor(b)anylandarea,thepreservationofwhichinitspresentusewould(1)conserveandenhancenaturalorscenicresources,or(ii)protectstreamsorwatersupply,or(iii)promoteconservationofsoils,wetlands,beachesortidalmarshes,or(iv)enhancethevaluetothepublicofabuttingandneighboringparks,forests,wildlifereserves,naturalreservationsorsanctuariesorotheropenspace,or(v)enhancerecreationalactivitiesor(vi)preservehistoricsitesor(vii)retaininitsnaturalstate,tractsoflandnotlessthanfiveacressituatedinanurbanareaandopentopublicuseonsuchconditionsasmaybereasonablyrequiredbythelegislativebodygrantingtheopenspaceclassification.2.12.Pro-iect.Projectsforacquisition,construction,developmentandimprovementofpublicgreenspaces,greenbelts,openspace,parksandtrailsasauthorizedintheElectionOrdinanceorassubsequentlyapprovedbyKingCounty.2.13.ProjectCategories.ProjectsallocatedwithinoneofthreeexistingcategoriesauthorizedintheElectionOrdinance.ThecategoriesincludeCountyProjects,SeattleProjectsandsuburbanjurisdictionProjects.2.14.QualifiedReimbursements.ReimbursementsofadvancesforProjectcostsmadeaftertheenactmentoftheElectionOrdinancefromotherfundsinanticipationofthereceiptofBondProceedsasevidencedbywrittenrecordsmadecontemporaneouslywithsuchadvancesandinaformacceptabletotheChiefFinancialOfficer.—4—901—319.AG CC2.15.Taxable.Bonds.BondstheinterestonwhichisincludedinthegrossincomeofrecipientsthereofbyreasonofthefailuretocomplywithapplicablerequirementsoftheCode.2.16.TaxExemptBonds.Bondstheinterestonwhichisnotincludedinthegrossincomeoftherecipientsthereofbyreasonofsection103(a)oftheCodeof1986asamended.ArticleIII.TERNOFAGREEMENT.ThisAgreementshallbeeffectivewhenexecutedbybothpartiesandshallremainineffectfortwenty(20)yearsfollowingthedateofissuanceofBondsfortheProjects,orthetermofsaidBonds,whicheverislonger,unlessterminatedearlierpursuanttothisAgreement.ArticleIV.CONDITIONSOFAGREEMENT.Section4.1.Pro-jectDescription/UseofBondProceeds.BondProceedsmadeavailabletotheCitypursuanttothisAgreementmaybeusedtodefraytheCapitalCostsofProjects..pursuanttotheElectionOrdinanceandthisAgreement.TheProjectscurrentlyapprovedbytheCountyarelistedinAttachmentA,whichisincorporatedhereinbyreference.Section4.3.ProiectImplementation.ProjectimplementationshallbeassetforthinAttachmentB,whichisincorporatedhereinbyreferenceorassetforthinapprovedmodificationstotheimplementationschedulesetforthinAttachment3.Thepartiesrecognizethatdelayinimplementation—5—901—319.AG CofProjectswilljeopardizethefinancialviabilityoftheProjectsascurrentlyapprovedandthetaxexemptstatusofinterstontheBonds.TheCity,therefore,certifiesthatastoitsProjects,ithasrevieweditsrealpropertyacquisitionprocedures,commitstoallreasonableactionandwillproceedwithduediligencetoensurethatitsProjectsareexpeditiouslycompletedinaccordancewiththeProjectImplementationschedule,andthatitwillgivehighestprioritytothosepropertieswherethereisaparticularthreatofconversiontoamoreintensiveuseorincreasesinacquisitioncosts.Section4.3.MaintenanceinPerpetuity.TheCityandanysuccessorininterest,agreetomaintainthelandsandfacilitiesconstitutingtheProjectsacquiredwithBondProceedsprovidedpursuanttothisAgreement,theElectionOrdinanceandtheBondOrdinanceforthepurposessetforthhereininperpetuity.IftheCitychangesthestatusoruseoflandsorfacilitiesacquiredwithBondProceedspursuanttothisAgreementtoanyotherpurposeoruse,theCityshallpaytheCountyanamountacceptabletotheCountyincashtoprovideforreplacementoftheopenspacelandorfacilitiesorsubstituteotherpropertywhichKingCountydetermines,throughitsnormallegislativeprocess,tobeconsistentwiththepurposeofKingCountyOrdinance9071.Ineithercase,thevalueofthepropertyshalllieestablishedatthetimeofthechangeinstatusoruse,basedonthechangedstatusoruseandnotbasedonitsvalueaspublicgreenspace,greenbelt,openspace,parkortrail.Innoevent—6—-901—319.AG CshalltheuseofanylandorfacilitiesconstitutingaProjectbechangedtoanyprivateuse,whichwouldjeopardizethetaxexemptstatusoftheinterestontheBonds.Atitsowncost,theCitywillprovidetheCountyanindependentMIAappraisalpreparedinaccordancewiththissection.ThevalueestablishedbytheappraisalwillnotliebindingontheCounty.TheCityshallprovidetheCountywithwrittennoticepriortothechangeofuseandshallreimbursetheCountywithinninety(90)daysofsuchnotification.Reimbursementnotreceivedwithinninetydayswillaccrueinterestatthethenlegalratefromthedateofnotification.ShouldanyProjectorportionthereofbesubjecttocondemnationduringthetermofthisAgreement,theproceedsofanyawardincondemnationoftheProjectorportionthereofshallbeusedfortheacquisition,construction,developmentorimprovementofotherequivalentlandsorfacilities.TheprocedureforsubmissiontoandapprovalbytheCountyoftheCity’sproposedsubstitutedlandsandfacilitiesshallbeassetforthinSection5.5.NothinghereinshallpreventtheCityfromgrantingeasements,franchisesorconcessionsorfrommakingjointuseagreementsorotheroperationalagreementswhicharecompatiblewiththeuseofaProjectforthepurposesauthorizedinthisAgreementandtheOrdinance.4.4.ProjectAdministrationandMaintenance.NecessaryadministrationandmaintenanceforaProjectafteritscompletion—7—901—319.AG CshallbetheresponsibilityofthejurisdictioninwhichtheProjectwaslocatedonJuly1,1989.IftheProjectislocatedwithinanareaannexedbytheCityafterJuly1,1989,ownership,administrationandmaintenanceoftheProjectwillbetransferredtotheCityifsoauthorizedbytheCounty.Followingsuchtransfer,allprovisionsofthisAgreementandtheElectionOrdinanceapplicabletoCityadministration,maintenanceanduseofProjectsshallapply.4.5.SoecialConditions.AssetforthintheElectionOrdinance,theAgreementbetweentheCountyandtheCitymaycontainspecialconditions.Ifapplicable,suchspecialconditionsareattachedheretoasAttachmentCandincorporatedhereinbyreference.4.6.JointProlects.IfanyoftheCity’sProjectsarejointProjectswiththeCounty,inadditiontoanyotherapplicablerequirementsorspecialconditions,thepartiesshallnegotiateanagreementregardingadministrationandProjectmanagementofsuchjointProjectspriortodistributionofBondProceedstotheCityforsuchjointProjects.ArticleV.BONDPROCEEDS.5.1.DistributionofPrincipalProceeds.TheprincipalproceedsoftheBondsshallbedepositedinafundorfundstobedesignatedbytheCountyforthepurposeofadministering,disbursingandaccountingforBondProceedsauthorizedbytheElectionOrdinance,thisAgreementandtheBondOrdinance.—8—901—319.AG •1CWithinsaidfundorfunds,BondprincipalwillbedistributedtotheCityinaccordancewiththescheduleattachedheretoasAttachmentA.5.2.InvestmentofBondProceeds.TheCounty,throughitsOfficeofFinancialManagement,shallberesponsibleforplacinginvestmentsofcashbalances.TheCountywillberesponsibleforarbitragecalculationsandrelatedactionsrequiredbytheCodetoensurecompliancewitharbitrageregulations.TheCityshallmaintaincompleteandaccuraterecordsofallexpendituresandanyinvestmentofBondProceedsbytheCityandshallprovideallinformationrequestedbytheCountytoassuresuchcompliance.5.3.DistributionofInterestEarnings.InterestearningsontheprincipalBondProceedswillbedistributedtotheCityon.aperiodicbasis,andwillliecalculatedbasedontheunspentbalanceofallCityProjects.TheCountywillallocatesuchinterestearningstospecificCityProjectsaccordingtotheCity’sinstructions.InterestearningsavailablefordistributionwillbereducedasnecessarytoprovideforanyrebatepaymentsrequiredbytheCodeduetoarbitrageearningsonbondProceeds.AnyinterestearningswithheldinexcessofrequiredrebatepaymentswillbedistributedtotheCitypro—rata,basedontheCity’sshareofallinterestearningsreceivedonBondProceeds.5.4.BondProceedsDisbursement.BondProceedswillbedisbursedtotheCityuponreceiptandverificationbytheOpenSpacesOfficeofproperlycompleted—9—-901—319.AG CCrequestsforpaymentofBondProceeds.TheOfficeofFinancialManagementshallprescribetheformofsuchrequests.ThedisbursementreoiiestsshallliemadeonlyforQualifiedReimbursementstotheCityforCapitalCosts,forcurrentCityexpendituresforCapitalCostsandforpaymentofinterimfinancingpursuanttosection5.6.TheCityshalltransmitpaymenttoitspaveesforcurrentCapitalCostsexpenditureswithinfivedaysofreceiptbytheCityofitsrequestedBondProceeds.TheCityshallprovidealistofauthorizedindividualstocertifytherequestssubmittedtotheCounty.TheCitywillberesponsiblefortheaccuracyofthepaymentrequestsandtheproprietyandtimelinessofitsdisbursementsfollowingreceiptofBondProceeds.5.5.BondProceedsReallocation.a.ExcessBondProceeds—ExistingProjects.If,uponcompletionofaProject,BondProceedsexistinexcessoftheamountnecessarytofullyprovidefortheProject,theCitymayproposetoallocatesuchexcessBondProceedstootherexistingProjectsbyprovidingtheCountyandtheCitizensOversightCommitteenoticeofitsintentiontoreallocatesuchBondProceedsandbysubmittingwithsuchnoticearevisedimplementationschedulereflectingsuchproposedreallocation.TheCitizensOversightCommitteeshallhave21daystoreviewandrecommendapprovalordisapprovaloftheCity’sproposedreallocation.TheCity’sproposalandtheCitizens’Oversight—10—901—319.AG CCCommittedrecommendationwillbesubmittedtotheKingCountyCouncilfordetermination.(b)BondProceedsReallocation-ProjectAbandonment.IftheCityabandonsaProject,theCitymayreallocateunexpendedBondProceedstootherexistingapprovedCityProjectsfollowingthesameprocedureassetforthinsub—section5.5(a)aboveafterformallegislativeactionbytheCity,whichincludesadeterminationandfindingsthatchangedconditionsornewinformationdevelopedafterapprovaloftheProjectpreventcompletionoftheProjectorclearlydemonstratethattheexistingProjectwouldnolongerservethebestinterestoftheCityinfulfillingtheintentofthisAgreementandtheElectionOrdinance.(c)BondProceedsReallocation-NewProjects.IftheCityproposestoreallocateBondProceedstoanewProject,theCityshallforwarditsproposaltotheCitizensOversightCommitteeforitsreviewandrecommendation.TheKingCountyCouncilmayeallocateBondProceedsfollowingreceiptoftheCitizensOversightCommittee’srecommendation,ifitdeterminesthattheproposednewProjectisconsistentwiththepurposeoftheBondsandifitobtainstheAgreementofoneormorecitieswithinthesameProjectCategory.5.6.InterimFinancing.FollowingtheCounty’sadoptionoftheBondOrdinance,theCitymayissueshorttermobligationsinanticipationofreimbursementfromBondProceeds,pursuanttotheBondOrdinanceandthisAgreement,todefraythesameCapital—11—901—319.AG CCCostsforwhichBondProceedsmaybeutilized.TheCityshallsubmitsuchproposedobligationstotheCounty’sChiefFinancialOfficerforapprovalpriortoincurringsuchobligations,iftheobligationsareintendedtobepaidfromBondProceeds.UponapprovalbytheCounty’sChiefFinancialOfficer,thepaymentofprincipalandinterestuponsuchapprovedshorttermobligationsshallbeaproperobjectofexpenditureofBondProceeds.ArticleVI.REPORTINGREQUIREMENTS.6.1.ReportingSchedule.DuringimplementationoftheProjects,theCityshallprovidetheCountyandtheCitizensOversightCommitteesemi-annualreportsdescribingProjectimplementationstatus.SuchreportsshallcontainsuchinformationandshallbeinaformatallasspecifiedbytheCounty.TheReportshallbesubmittednolaterthanthetwentiethworkingdayofJanuaryandJulyofeachyearduringwhichsuchreportsarerequired.ArticleVII.TAXCOVENANTS.7.1.PreservationofTaxExemptStatus.IftheCountyissuesTaxExemptBondstoprovidefundsfortheProjects,inadditiontoallotherrequirementssetforthinthisAgreement,solongassuchBondsareoutstandingorfortwentyyearsafterthefirstdisbursementofBondProceeds,whicheverislonger:(a)TheCitywillnotuseorpermittobeusedanyoftheBondProceedsorthepropertyorfacilitiesacquired,-—12—901—319.AG Caconstructed,developedorimprovedaspartoftheProjectsinsuchmannerandshallnottakeoromittotakeanyotheractionastocausetheinterestontheBondstobeincludedinthegrossincomeoftherecipientsthereofforpurposesoffederalincometaxation.(b)TheCitywillprovidecertificateswhenandasrequiredbyBondCounsel,theCodeortheInternalRevenueServiceinordertoestablishormaintainthetaxexemptstatusofinterestontheBonds.(c)TheCitywillcomplywithanyrequirementsimposedbytheCodeinordertopreservethetaxexemptstatusofinterestontheBonds.TheCitywillcooperateinanyauditbytheInternalRevenueService,includingdisclosureofanyrecords,contractsandothermaterialsrequiredbytheInternalRevenueServiceinordertoestablishorpreservetheBonds’taxexemptstatusorasmayberequiredbytheCode.7.2.Indemnification.IftheBondsbecomeTaxableBondsasaresultoftheactsoromissionsoftheCitynotapprovedinwritingbytheCounty,theCityshallindemnifyandholdtheCounty,itsofficers,employeesandagents,includingbondcounsel,harmlesswithrespecttobondholders’claimsandanycostsattendantthereto,includinganypenaltiesandtheCounty’sattorneys’feesadcostsindefendingsuchclaims.—13—901—319.AG CArticleVIII.RESPONSIBILITIESOFCOUNTY.8.1.IssuanceofBonds.SubjecttothetermsofthisAgreement,theElectionOrdinanceandanyBondOrdinanceorBondOrdinancesadoptedbytheKingCountyCouncil,theCountywillissueBondsforthepurposessetforthhereinandintheElectionOrdinanceinaprincipalamountofnotmorethan$117,640,000.Ofthatamount,themaximumprincipalamountofBondProceedstobeallocatedtoCityofSeattleProjectsis$41,795,000andforSuburbanJurisdictionProjects,$35,010,000.SuchBondsmaybesoldatpublicsaleinthemannerrequiredbylawor,iftheCountydeterminesittobeinitsbestinterest,bynegotiatedsale.MaturityofsuchBondsshallbeasestablishedbytheCounty.TheBondsshallbeissuedoveraperiodnottoexceedsevenyearsaftertheirapprovalbythequalifiedelectorateofKingCountyandmaybeissuedinmorethanoneseries,maybecombinedforthepurposeofissuancewithotherauthorizedCountybondsandshallbeissuedinsuchamountsandinsuchdenominationsandshallcontainsuchredemptionprovisionsandothertermsandconditionsasshallbedeterminedbytheCounty.8.2.DistributionofBondProceeds-Agreement.DistributiontotheCityofanyBondProceedsisspecificallyconditioneduponexecutionbytheCityandtheCountyofthisAgreement.8.3.FutureSupport.TheCitymayrequestadditionalfundsforadditionalProjectsassetforthinthis.Agreement;however,theCountyhasnoobligationtoprovidefundstotheCityinexcessoftheamountshowninAttachment3,nortoprovidefunds—14—901—319.AG ClCltetheCityinsupportofProjectsnotspecifiedinAttachmentA.TheCountyassumesnoobligationforthefuturesupportoftheProjectsdescribedherein,oranyotherprojectsexceptasexpresslysetforthinthisAgreement.ArticleIX.GENERALPROVISIONS9.1.HoldHarmlessandIndemnification.(a)TheCountyassumesnoresponsibilityforthepaymentofanycompensation,fees,wages,benefitsortaxestooronbehalfoftheCity,itsemployees,contractorsorothersbyreasonofthisAgreement.TheCityshallprotect,indemnifyandsaveharmlesstheCounty,itsofficers,agentsandemployeesfromanyandallclaims,costsandlosseswhatsoeveroccurringorresultingfrom(1)theCity’sfailuretopayanycompensation,wage,fee,benefitortax,and(2)thesupplyingtotheCityofwork,services,materialsorsuppliesbyCityemployeesoragentsorothercontractorsorsuppliersinconnectionwithorinsupportofperformanceofthisAgreement.(b)TheCityfurtheragreesthatitisfinanciallyresponsibleforandwillrepaytheCountyallindicatedamountsfollowinganauditexceptionwhichoccursduetothenegligentorintentionalactsorfailureforanyreasontocomplywiththetermsofthisAgreementbytheCity,itsofficers,employees,agentsorrepresentatives.(c)Thecityshallprotect,defend,indemnifyandsaveharmlesstheCountyfromanyandallcosts,claims,judgmentsor—15—901—319.AG CCawardsofdamages,includingattorneys’fees,arisingoutoforinanywayresultingfromtheProjects,includingbutnotlimitedtothenegligentactsoromissionsoftheCity,itsofficers,employeesoragents.ForpurposesofthisAgreementonly,theCityagreestowaivetheimmunitygrantedforindustrialinsuranceclaimspursuanttoWashingtonstatutechapter52totheextentnecessarytoextenditsobligationunderthissubparagraphtoanyclaim,demand,orcauseofactionbroughtbyoronbehalfofanyemployees,includingjudgments,awardsandcostsarisingtherefromincludingattorneys’fees.9.2.Amendment.ThepartiesreservetherighttoamendormodifythisAgreement.Suchamendmentsormodificationsmustbebywritteninstrument,signedbythepartiesandapprovedbytherespectiveCityandCountyCouncils.9.3.ContractWaiver.NowaiverbyeitherpartyofanytermorconditionofthisAgreementshallbedeemedorconstruedtobeawaiverofanyothertermorcondition,norshallawaiverofanybreach,bedeemedtoconstituteawaiverofanysubsequentbreachwhetherofthesameoradifferentprovisionofthisAgreement.Nowaivershallbeeffectiveunlessmadeinwriting.9.4.Notices.Anynotice,consent,demandorothercommunicationhereundershallbeinwritingandshallbedeemedtohavebeengivenifdeliveredinpersonordepositedinanyUnitedStatesPostalServicemailbox,sentbyregisteredorcertifiedmail,returnreceiptrequested,andfirstclasspostageprepaid,addressedtothepartyforwhomitisintendedas—16—901—319.AG Parks&RecreonDepartmentCityofRentc200MiiiAve.uthRenton,Washington98055follows:(1)iftotheCity:().(2)IftotheCounty:ChiefFinancialOfficer,400KingCountyCourthouse,Seattle,Washington98104.Thesetitlesandaddressesmaybechangedbywrittennoticetotheotherpartypursuanttothisprovision.9.5.Interpretation.ThisAgreementshallbeinterpretedaccordingtoandenforcedunderthelawsofthestateofWashington.ThesectionandsubsectioncaptionsofthisAgreementareforconvenienceonlyandshallnotcontroloraffectthemeaningorconstructionofanyprovisioninthisAgreement.9.6.Separability.EachprovisionofthisAgreementisseparablefromallotherprovisions.IntheeventanycourtofcompetentjurisdictiondeterminesthatanyprovisionofthisAgreementisinvalidorunenforceableforanyreason,allremainingprovisionswillremaininfullforceandeffect.9.7.Entirety.ThisAgreementisacompleteexpressionofthetermsheretoandanyoralrepresentationsorunderstandingsnotincorporatedareexcluded.ThisAgreementmergesandsupersedesallpriornegotiations,representations,andagreementsbetweenthepartiesrelatingtotheBonds,BondProceedsorProjectsandconstitutestheentireAgreementbetweentheparties.ThepartiesrecognizetimeisoftheessenceintheperformanceoftheprovisionsofthisAgreement.—17—901—319.AG CC.INWITNESSWHEREOF,authorizedrepresentativesofthepartiesheretohavesignedtheirnamesinthespacessetforthbelow.CityofRentonDAT:Its:‘Mayorf\Date:ActingunderauthorityofResolutionNo.2789Approvstoform:CityAttorneyATTEST:CityClerk’7:/-—18—KINGCOUNTYFORDATE:____________________ACTINGUNDERAUTHORITYOFMOTIONNUMBER‘79/5Approvedastoform:NORMMALENGKingCountyProsecuting901—319.AG ci’irXCLUDTNGSEATTIrCATTACHMENTAOPENSPACEBONDALLOCATIONOFBONDPRINCIPALBYPROJECTANDCITYProjectNameCityAllocationWhiteRiv/LakelandAuburn1,804,063MercerSloughBellevue4,109,255KelseyCreekBellevue1,553,499LakeHillsGreenlieltBellevue952,144JonesLakeTrail31kDiamond484,076BothelLandingBothel752,695ParksideOpenSpaceDesMoines651,467N.MidwayParkDesMoines100,226DesMoinesCrk.Tr.DesMoines326,956SnoqualmieRiverTrDuvall91,086HylebosParkAdd#1FederalWay379,354HylebosParkAdd#2FederalWay1,185,570Adelaide/LakotaFederalWay315,310SW363rd,12&14SWFederalWayV383,263SpringValleyFederalWay1,700,329Lutherland/LkKill.FederalWay1,142,022CamelotParkAdd.FederalWay256,227CougarMtnAccessIssaquah150,339Squak/IssaquahCrTrIssaquah150,339GreenRCorridorKent841,896LakeFenwickTrailKent851,919JuanitaBayAcq.Kirkland601,354TotemLkKirkland250,564HoughtonBeachAcc.Kirkland300,677MarineParkAccessKirkland551,241LkForParkOpenSp.LkForestPark425,959FirstHillPark&TrMercerIsland618,075MercerdaleMercerIsland130,29353rdPlaceGreenbeltMercerIsland952,144MillerCreekNormandyPark501,129TollgateFarmNorthBend200,451BearEvansCrkTrailRedmond2,154,853CedarRiverTrailRenton2,014,472HoneyCreekTrailRenton375,846SpringbrookTrailRenton400,903LakeWashWaterfrontRenton150,339NorthSeaTacParkSeaTac2,605,369RivertonGreenbeltTukwila145,327Duwamish/GreenLotsTukwila440,993MacadamPondTukwila370,835MapleTreeTukwila216,488SouthgateTukwila29,065GreenwoodMultiple345,739ClarkLakeMultiple1,067,516InterurbanTrailMultipleV1,576,350BlackRiverWetlandMultiple324,731BondSaleExpensesMultiple-49,787CitizenCommSupportMultiple26,962Totals35,010,000 ATTACHMENT3CITYOFRENTON,WASHINGTONRESOLUTIONNO.2785ARESOLUTIONOFTHECITYOPRENTON,WASHINGTON,ADOPTINGASCHEDULEOPEXPENDITUREOPBONDPROCEEDSRECEIVEDPROMKINGCOUNTYFORTHEACQUISITIONOPOPENSPACEPROJECTS.WHEREAS,theCityofRentonanticipatesreceivingapproximately$2,941,560ofprincipalproceedsofthe“KingCounty,UnlimitedTaxGeneralObligationBonds(OpenSpace),1990”forthepurposeofacquiringcertainopenspaceprojects;andWHEREAS,inordertoprovidetheCountywithreliableinformationontheexpenditureofsuchbondproceedsitisnecessaryfortheRentonCityCounciltoadoptaresolutionestablishingandapprovinganexpenditurescheduleforsuchproceedssothatthecountymayrelyonsuchscheduleincomplyingwithapplicabletax—exemptbondprovisionsoftheInternalRevenueCodeof1986,asamended.NOW,THEREFORE,THECITYCOUNCILOFTHECITYOFRENTON,WASHINGTON,DORESOLVEASFOLLOWS:SECTIONI.Theaboverecitalsarefoundtobetrueandcorrectinallrespects.SECTIONII.Theexpenditureschedulefortheproceedsofthe“KingCounty,UnlimitedTaxGeneralObligationBonds(OpenSpace),1990”tobereceivedbytheCity,attachedheretoasExhibit“A,”isapprovedandadoptedassuchexpenditureschedulefortheCityforthepurposeofKingCounty’scompliancewithapplicabletax—exemptbondprovisions(includingSections103and148)oftheInternalRevenueCodeof1986,asamended.1 C(;,,IRESOLU’XONNO.2785PASSEDBYTHECITYCOUNCILthis26thdayofFebruary,1990.ClerkAPPROVEDBYTHEMaYOis26thdayofFebruary,1930.RES.79:2/15/902 -0jac’i0:cxaaE—IgL3EhIIIFIII_J__]I),H -,-4—In;—40-b1—‘a—ir-.I!()(‘4Ea;-E—.1I..•9I,Into(‘15•0toanoU—l-‘0—-(Siz-,‘0-4-ot(‘1-(Si—I•—4-—a-‘04’—.-40UI4a—.-q1411-••iI--I__jI•1•-h rJW8A*czTrrsYSPAc!PRP14JA*T!RLYCA5fL4PtOECTtSARESOLUTIONNO.2785c:rr0$:PRO!CT:scoALLT03tDCedarVtfTrail:2,127,453S2,014,CflPOJ!CTPA$tS‘CTt:WSODPRCcs”equasthetotaLattxatedbcrdprncfpatLustJr.xFadInteresteernins.Acuatearnft;sWItLdaterefn.dbythebidsat.,andbytheritaolpendTn’.Budtcs.eFtcsAnfstratinAcquftitionAaTulstI9O3rd/90lstJ9l3rd/916th191lstIVZ3rd/92lstt932ud193PflASZTOTALS.I•1I..III.IIIIIII..8,3308,330II..II.II30,5668,3302,23630,5-II.1I42,1048,75033,35442,10-ItI135,4848,896l3335493Z34135,48-271,0679,18822,255239,624271,06III304,6439;18822,255273,000304,44:.tI•II—7393,61214,47216,300366,860393,61399,60314,713.20,050364,340399,60:t.I.I127,08515,195.20,05091,840127,08.IIII137,88215,1952,811119,876j37,88138,64115,9542,811119,876138,64115,9542,811119,876$2,127,458144,165196,2871,787,006138,64;38,642,127,65 .rRESOLUTIONNO.2785SU3URSACZTIESOP!SPA!PROGRAMJARTULTCASI1FL3PROJECTZOUSaqtSitACITYOF:PROJECT:BONDPROOEDS:ALLOCATDSONGPRINCIPAL:RETORSrfnGbrockTrait2623,3882600,9038ProceedsPROJECTPEASES*1(OTE:RBCIIDPROCEEDSequatethetotataLtotedbdprincipalptustheexpectedInterestearnings.ActuaLearringswiltdeterminedbythebondsate.andbyther3teofsoendino.CasflFtow,AdsnfstrationAcquisitionDesignCcnrruc:fcnTotalOUARTER;tJ9OZndf9O3rd190Ath/90lstI9l2nd/913rd/9fLth/91lst/923rdlcZ4th/92PROJECT6PHASETOTALSIIIIIIIII.IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII8,0828,0828,082IIIIIIIII1315,306I11,9181303,38811315,306III100,0009,63790,363II100,000ItI‘IIIII1IIF______tIIII.I•IIIIII71IIIIII•IIIIIIIIIIIIIIIIt•I_____IIIIIIIIIIIII77I$423,388$29,637$393,751$423,388——afl5XflflSZ c.ATTACHMENTCINTEPLOCALCOOPERATIVEAGREEMENTBETWEENKINGCOUNTYANDTHECITYOFRENTONOPENSPACEACQUISITIONPROJECTSPriortotheuseofBondProceedsfortheprojectdescribedastheInterurbanTrailDevelopment,thesuburbanjurisdictionsofAuburn,Kent,TukwilaandRenton,andtheCountymustdetermine:(a)theirindividualandjointresponsibilitiesfortheProjectand(b)theappropriateallocationofBondProceedsforthatProjectamongthoseGovernmentalAgencies.