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funding outside of the annual appropriations process may be made by the KCEDP <br />and approved at the discretion of the COG. <br />B. Financial Oversight: The COG shall ensure that all funds are used in accordance <br />with RCW 82.14.370 and the mission of the KCEDP. Contracts shall be used to <br />support all COG appropriations to the KCEDP. The terms of the contracts will outline <br />necessary reporting and reimbursement requirements for use of the funds. <br />6. GOVERNANCE AND ADMINISTRATION <br />6.1 Oversight by COG: The COG shall have ultimate authority over the KCEDP, including: <br />A. Approve the KCEDP's annual work programs in support of the ultimate execution of <br />the Plan. <br />B. Modify or dissolve the KCEDP, subject to the terms of this Agreement <br />C. Resolve disputes among KCEDP members, or between the KCEDP and the COG. <br />6.2 Staff Support: The COG shall hire and supervise staff position(s) to coordinate and <br />facilitate the work of the KCEDP, serve as a liaison between the partnership and the COG, <br />perform Economic Development activities as directed by COG, and manage contracts with <br />external entities (e.g., consultants) as specified by COG to support KCEDP objectives. <br />Additional staff or contractors may be engaged as needed, subject to funding availability <br />and approval of the COG. <br />6.3 Decision -Making: The KCEDP shall operate on a collaborative action model, seeking <br />consensus among members whenever possible. In the event of a dispute or need for formal <br />decision -making, the COG shall have final authority. Assigned staff shall be responsible for <br />facilitation of KCEDP meetings and any agenda or staff prep needed to conduct the <br />meetings. <br />7. TERM AND TERMINATION <br />7.1 Term: This Agreement shall take effect upon execution by all Parties and shall remain in <br />effect until terminated as provided below. <br />7.2 Termination <br />A. By Mutual Agreement: The Parties may terminate this Agreement by unanimous <br />written consent. <br />B. By Individual Party: Any Party may withdraw from this Agreement with six (6) months' <br />written notice to the other Parties. <br />C. By COG: The COG may dissolve the KCEDP if it determines that the Partnership is no <br />longer fulfilling its mission or is financially unsustainable, subject to consultation <br />with the Parties. <br />5 <br />