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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 />