DRAFTNORTH KITSAP LEGACY PARTNERSHIPMemorandum of Understanding
This Memorandum of Understanding is entered into by Kitsap County(“County”) and Olympic Property Group (“OPG”) to identify the guidingprinciples and actions to be undertaken to evaluate, and implement if feasible, a comprehensive program for public acquisition of up to 7,000 acresof open space and plan for the sustainable development of Port Gamble andits related uplands (“North Kitsap Legacy Partnership”).
WHEREAS, the Kitsap County Comprehensive Plan and Open SpacePlan envisions a coordinated open space network that includes public accessto saltwater shorelines, interconnected trail systems, sustainable forestrypractices, as well as opportunities for recreation and enhanced protection forwildlife habitat; andWHEREAS, the North Kitsap Trails Association has been established tofacilitate the creation of land and water-based trails and kayak routes inNorth Kitsap; andWHEREAS, OPG controls approximately 8,000 acres of real propertywithin Northern Kitsap County (“OPG Property”). OPG’s property includes theNational Historic Landmark District of Port Gamble, approximately threemiles of salt water shoreline on Hood Canal and on Port Gamble Bay, andapproximately 7,000 acres of commercial timberland that may be suitablefor permanent public open space and recreational opportunities, as well assustainable forestry activities; andWHEREAS, as a public entity, Kitsap County has limited financialresources and is interested in pursuing public/private economic developmentopportunities that provide jobs and is a viable tax base to support necessarypublic services; andWHEREAS, Kitsap County recognizes the importance of rural lands andrural character to its economy, its people, and its environment, as well asreducing the inappropriate conversion of undeveloped land into low-densitydevelopment.WHEREAS, to carry out its mission as a publicly-held company, OPG isactively evaluating conversion to alternative uses or third party sales of itsproperty. OPG’s interests include obtaining a fair risk-adjusted economicreturn for its owners, determining the long-term future of Port Gamble, andproviding certainty for overall use and disposition of the OPG Properties in
April 26, 2010