Res-2022-013 Interlocal UGA - Laserfiche WebLink

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$50,000 in annual sales tax revenue over the twelve (12) month period preceding the month prior to the effective date of the annexation, the "Pre-Annexation Base Value." Sales tax revenues will then be computed and shared on the basis described in this Section 14.3. At no time will the Base Value exceed the Pre-Annexation Base Value for calculating reimbursement to the County. d) The formula for revenue sharing in the annexed areas shall be: l't year County receives 0.80 of Base Value 2"d year County receives of Base Value 3'd year County receives of Base Value 0.s0 0.20 The County shall receive 0.15 of the 1olo sales tax directly from the State of Washington. The City will reimburse the difference. e) The first payment from the City to the County shall be due and payable within one hundred and twenty (120) days of the first anniversary of the effective date of the annexation with subsequent payments due and payable within one hundred and twenty (120) days of the second, third and fourth anniversary dates of the effective date of the annexation. The City will calculate the amount of payment and send it to the Auditor's Office. It is agreed that upon completion of payments as scheduled, each party will have been fairly, fully, and adequately compensated for their respective annexation impacts under this section. 15. RECORDS TRANSFER. Prior to and following annexation of unincorporated area into the City, and upon the City's request in writing, copies of County records relevant to jurisdiction, the provision of government services and permitting within the annexation area will be copied and transferred to the City. Said records shall include, but are not limited to, the records from the Kittitas County Department of Public Works and the Kittitas County Department of Community Development Services. 16. ADDENDA AND AMENDMENTS. 16.1. Amendments. The City and County recognize that amendments to this Agreement may be necessary to clari$r particular sections or to update and expand the Agreement. Either pafi may pursue an amendment, as necessary. 16.2. Process for adding addenda or amending this agreement. An addendum or amendment must follow the requisite notice, hearing and adoption process required by state law, and be mutually agreed upon by the parties and executed in writing before becoming effective. Any addendum or amendment to the Agreement will be executed in the same manner as provided by law for the execution of the Agreement. UGA Interlocal Agreement (12-09-21) -Page9 of 14