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D. In exchange for supplement of its revenues, the corollary purpose of <br />this Agreement is to allow use of facilities of the District by persons who <br />reside on property now in the District but which is annexed to the City in the <br />future. <br />NOW, THEREFORE, IN CONSIDERATION OF THE ABOVE, the City and District <br />agree as follows: <br />1. Effective Date: This Agreement shall commence July 1, 1992, and <br />shall continue in force until terminated under paragraph 6 below. <br />2. Obligations of the District Upon commencement of this Agreement, <br />the District agrees to provide park and recreation services to any property <br />annexed to the City that as of July 1, 1983, was within the boundaries of the <br />District. Such park and recreation services shall be the same as those <br />offered to persons residing within the boundaries of the District. The <br />District further agrees to coordinate with the City on any special problems <br />that may exist on any specific annexation. <br />3. Obligations of City The City agrees to pay yearly to the District <br />payments in lieu of taxes for properties in the corporate limits of the <br />District as of July 1, 1983, that are thereafter annexed to the City of <br />Eugene. The amount paid shall be $2.50 per'$1,000 of the assessed valuation <br />shown by the County Assessor's records as of the time the property is annexed <br />to the City of Eugene. Thereafter, the amount owed by the City to the <br />District shall be $2.50 per $1000 of assessed valuation shown on the County <br />Assessor's records as updated every five years after the date of this <br />Agreement. Such payments shall be made as soon as property tax revenues are <br />received by the City but in no event later than January 1 of each tax year. <br />AGREEMENT - -2 <br />