HomeMy WebLinkAbout2090 - Port of Everett - Agreement - Cascade Industrial Center MOUMEMORANDUM OF UNDERSTANDING
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THIS MEMORANDUM OF UNDERSTANDING ("Memorandum") is made as of
_\.....,,_1,--U----' 2019 by the undersigned parties (each a "Party" and together the "Parties").
WHEREAS, City of Marysville, a Washington municipal corporation (the "City"), and P01t
of Everett, a Washington port district (the "POE') work together and have ongoing collaborative
interests and efforts between the jurisdictions related to economic development within the Cascade
Industrial Center (CIC) and the City in general; and
WHEREAS, this Memorandum expresses the intention of the Parties to continue to work
together to formalize these ongoing collaborative interests and efforts as well as explore other
partnerships and opportunities in the future .
NOW, THEREFORE, the Parties hereby agree as follows:
1. The Parties will work together on collaborative interests and efforts including:
(a) Implementation of the CIC through supporting employer recruitment to the
Cascade Industrial Center including assessment, financial consulting, and outreach;
(b) Evaluation of entering into a partnership agreement or lease regarding the
CIC for job development;
(c) Evaluation of partnership opportunities in key growth industries including
partnership with Washington State University to establish an incubator for the food
processing and seafood industries and a partnership to establish a center of excellence in
robotics and /or other advanced technology industries ;
(d) Evaluation of expanding the boundary of the PO E's district to include all or
portions of the CIC; and
( e) Consideration of other interests and efforts deemed to provide economic
development benefits to the City, the POE and Snohomish County.
2 . This Memorandum shall be effective until August 31 , 2021 unless sooner
terminated as provided below in Section 4.
3. Neither Party will be obligated to incur any third-party costs and liabilities in
perfotming the activities anticipated under th is Memorandum. Both Parties shall incur all costs
and liabilities of their own employees . The Memorandum is not intended to create any third-party
benefit unless specifically agreed to in writing by the Parties.
4. Either Party may terminate this Memorandum prior to the expiration date by
providing written notice to the other Party .
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5. The terms as outlined herein are agreed to by both parties. This Memorandum is
non-binding.
IN WITNESS WHEREOF, the Pat1i es have executed this Memorandum as of the date first written
above.
Port of Everett,
a Washington port district
B ~ Name: :€. r-.
Tit! c~
City of Marysville,
a Washington municipal corporation
B y: d/1 ~
Name: Jonl/Neh fing=; _/
T itl e : Mayor ____________ _
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