Laserfiche WebLink
City of Tukwila My WebLink |HelpSearch Tips |About |Sign Out
2.2 Project. The term "Project" or "Projects" means specific projects or <br />activities that meet the Eligibility Criteria of this Agreement, are approved by the Board of <br />Supervisors in a resolution approving the annual budget and work program, or amendment <br />thereto, and are described in an attachment to this Agreement that is approved pursuant to <br />this Agreement. <br />2.3 Opportunity Funds. The term "Opportunity Funds" means the funds made <br />available by the Board of Supervisors to the municipalities within King County for <br />implementation of Projects. For each of the years 2008 and 2009, these funds represent 10 <br />percent of property tax revenues collected for each of those years, and are available to <br />individual municipalities based on the proportional amount that municipality's assessed <br />valuation as collected (as determined by the King County Assessor's office) bears to the <br />entire amount of assessed valuation in all of King County (as determined by the King <br />County Assessor's office). For the years after 2009, this term means District funds that are <br />designated as "Opportunity Funds" by the Board of Supervisors in either a resolution <br />approving the District's annual budget and work program or a separate resolution. <br />2.4 Service Provider. The term "Service Provider" means the Water and Land <br />Resources Division of the King County Department of Natural Resources and Parks. <br />Article III. Duration of Agreement Survival of Agreement. <br />This Agreement shall be effective upon execution by both Parties, and shall remain <br />in effect until terminated by one or both of the Parties. Either Party may terminate this <br />Agreement by providing written notice of termination to the other Party no less than sixty <br />(60) days prior to the effective date of termination. This Agreement also may he terminated <br />