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HomeMy WebLinkAboutPort of Shelton .09 Fund - Contract MEMORANDUM OF UNDERSTANDING Between MASON COUNTY and Port of Shelton To provide funding from the Rural County.09 Sales Tax Fund(#103)for the Port of Shelton's Johns Prairie(JP)Industrial Site Project 1. Purpose. This agreement is between Mason County(County)and Port of Shelton(Port)to provide up to$350,000 in funding from the Rural County.09 Sales Tax Fund (#103). 2. Recitals. a) Funds for this Memorandum of Understanding(MOU)are provided as allowed in ROW 82.14.370 sates and use tax for public facilities in rural counties. b) The Port submitted a request for$350,000 from the.09 Rural County Sales&Use Tax Fund (#1'03)to perform Infrastructure upgrades to the JP Industrial Site. c) The 2025-2026 Comprehensive Economic Development Strategy(CEDS)project list includes this project. 3. Agreement. The parties hereto mutually agree to the following understanding: a) The Port has provided a budget, by expense category,totaling$350,000 for the 2026 six- month MOU, as shown in Exhibit A. b) The Port will be responsible for completing the work on this project and will submit eligible invoices to the County for reimbursement.Costs incurred by the Port before the effective date or after the expiration of this MOU are the sole responsibility of the Port and are not eligible for reimbursement under this MOU. c) The Port will maintain complete financial records relating to this agreement.All records shall be kept in a manner which provides an audit trail for all expenditures.All records shall be open for audit or inspection by the County or any duly authorized audit representative of the State of Washington for a period of at least three years after the contract term. If any such audit identifies discrepancies in the financial records,the Port shall provide clarification and/or make adjustments accordingly. d) The County will reimburse the Port within 30 days of receipt of approved eligible invoices. 4. Term. The term of this MOU begins August 1,2026,and expires on January 31,2027. 5. Compensation. The total amount payable under this MOU shall not exceed$350,000. 6. Administration of Contract. The County hereby appoints, and the Port hereby accepts,the Mason County Board of County Commissioners'Chair or designee,as County's representative,for the purposes of administering the provisions of this agreement,including County's right to receive and act on all reports and documents,and any auditing performed by the County related to this agreement. The County's representative for purposes of this MOU is: Travis Adams County Administrator Mason County 411 N 5`"Street Shelton,WA 98584 Phone:360-427-9670, ext.530 Email:taclamsCo)masoncountywa gov Port of Shelton Primary Contact Information: Wendy Smith Executive Director Port of Shelton 21 W Sanderson Way Shelton,WA 98584 Phone:360-426-1151 Email:wendys@portofshelton.com PORT E ON MA UNTY ADMINISTRATOR Wendy Smith, Executive Director Travis Adams,County Ad inistrator APPROI(EDAS TO FORM: L& II2 Michael Dorcy, Mason County Prosecutor ExhibitA-Budget Port of Shelton Johns Prairie(JP)Industrial Site Project 2026 Infrastructure Upgrade Budget Project/Expense Estimated Allowable Budget Notes Category Budget Variation Economic Development $350,000 +/-$0 Total Authorized.09 $350,000 Not to exceed Fund Budget $350,000