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good faith to achieve the smooth progress of review and commenting. This <br />includes allocating adequate staff time and providing all necessary data and other <br />information or materials needed by Commerce to facilitate preparation of the Study. <br />5. Con tract Management. The agreement with Commerce shall be solely administered by <br />the City of SeaTac on behalf of all Parties. These responsibilities include arrangement of <br />meetings with Commerce as needed to address the comments of the Parties and <br />coordinating communications with Commerce. <br />6. Fiscal Management. By entering into this Agreement, the Parties commit to providing <br />their defined share of the $300,000 local matching funds. Management of fiscal matters <br />associated with this Agreement shall be administered by the City of SeaTac. Parties shall <br />transfer their defined share of local matching funds to SeaTac in accordance with the <br />schedule identified in Exhibit A. While SeaTac may elect to transfer funds to Commerce <br />in advance of receiving payments from all or some of the other Parties, the Parties affirm <br />their share will be remitted to SeaTac on or before their established payment dates. <br />7. Duration. This Agreement shall be effective upon execution by each party and shall <br />remain in full force and effect through completion of the Study process or full payment by <br />all Parties per Exhibit A, whichever comes last. This Agreement may be extended upon <br />mutual agreement of all Parties. <br />8. Termination. Any party may withdraw from this Agreement, effective upon thirty (30) <br />days written notice to the other Parties and upon payment of the balance of their full defined <br />share to the City of SeaTac. If the State Legislature or Commerce terminate the Study, <br />SeaTac will remit any payments received but not sent to Commerce, plus any refund for <br />payments received from Commerce to the Parties in accordance with defined local share <br />as outlined in Exhibit A. The remittance by SeaTac to all Parties may be pro -rated equally <br />if necessary to maintain the balance of contributions and refunds from Commerce. <br />9. Modification. This Agreement may be modified by further written agreement upon mutual <br />acceptance by all parties. <br />10. Alternative 11 sput e Resolut ion. If a dispute arises from or relates to this Agreement or <br />the breach thereof and if the dispute cannot be resolved through direct discussions, the <br />parties agree to endeavor first to settle the dispute in an amicable manner by mediation <br />administered by a mediator under JAMS Alternative Dispute Resolution service rules or <br />policies before resorting to arbitration. The mediator may be selected by agreement of the <br />parties or through JAMS. <br />11. Written Notice. All communications regarding this Agreement shall be sent to the Parties <br />at the addresses listed in LxhiNi_13, unless notified to the contrary. Any written notice <br />hereunder shall become effective three (3) business days after the date of transmittal, and <br />shall be deemed sufficiently given if sent to the addressee at the address stated in this <br />Agreement or such other address as may be hereafter specified in writing. <br />Page 2 of 6 <br />32 <br />