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chapter 26.12, and in strict conformance with the uses authorized under chapter 84.34 <br />RCW. <br />The City shall not change the status or use of properties acquired with proceeds <br />provided pursuant to this Agreement unless the City provides equivalent lands or cash in <br />exchange for the land to be changed to a different use. The land shall be valued in its <br />changed status or use, and not based upon its value as open space, and the replacement <br />land or payment amount must be approved by the County. If requested by the County, at <br />its own cost the City will provide the County an appraisal performed within the previous <br />year by an independent state -certified real estate appraiser with a current general real <br />estate appraiser license. The value established by the appraisal will not be binding on the <br />County. If the County approves replacement land, the City shall complete the <br />replacement acquisition within one year of approval. If the County approves cash <br />reimbursement, the City shall pay the County within 90 days of approval. <br />Section 6.5 — Tax Covenants. The City acknowledges that proceeds provided by <br />the County for a Project may be proceeds of tax-exempt bonds (the "Bonds") subject to <br />certain requirements of the Internal Revenue Code of 1986, as amended (the "Tax <br />Code"), including any implementing regulations and any administrative or judicial <br />interpretations. The City will comply with Tax Code requirements, including those set <br />forth in Exhibit B, which is incorporated herein, applicable to Bond -financed Projects <br />identified in Exhibit A, which is incorporated herein, as well as Bond -financed Projects <br />identified in subsequent amendments to this Agreement. <br />Article VII. Responsibilities of the County <br />8 <br />