86-055 - City of Renton - Reciprocal Annexations

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P �9 i nATF INTERLOCAL AGREEMENT REGARDING WC-144 THIS AGREEMENT is entered into between the City of Tukwila, hereinafter referred to as "Tukwila and the City of Renton, hereinafter referred to as "Renton WHEREAS, the Cities of Renton and Tukwila are authorized by Chapter 39.34 RCW to enter into agreements for the purpose of interlocal cooperation, and WHEREAS, the Tukwila City Council has passed Resolution No. 1008 which indicates Tukwila's willingness to accept annexation to Tukwila of certain property currently located within Renton and more particularly described on Exhibit A attached hereto and incorporated herein by this reference as if fully set forth to Tukwila, and calls for certain property currently located within Tukwila and described on Exhibit B attached hereto and incorporated herein by this reference as if fully set forth to be annexed to Renton, and WHEREAS, the Renton City Council has passed Resolution No. which calls for certain property currently located within Renton and more particularly described on Exhibit A to be annexed to Tukwila and indicates Renton's willingness to accept annexation of certain property currently located within Tukwila and more particularly described on Exhibit B to Renton, and WHEREAS, both Resolutions recognize that there are issues of concern to both Renton and Tukwila that must be mutually resolved and Renton and Tukwila desire to enter into an interlocal agreement to resolve these issues, now, therefore FOR AND IN CONSIDERATION OF the mutual benefits and conditions hereinafter contained, the parties hereto agree as follows: 1. Scope and Effect of Agreement. It is the intent of the parties to resolve issues of mutual concern with respect to pending reciprocal annexations. This Agreement shall become effective and shall bind the parties upon completion of the latter of the annexation of the property described on Exhibit B to Renton and annexation of the property described on Exhibit A to the City of Tukwila. In the event that, for any reason, one or both of the above referenced annexations are not completed, then this Agreement shall be null and void. 2. Strander Boulevard /S. W. 27th Street Improvements. Local costs of the future crossing of the railroad tracks by Strander Boulevard /S. W. 27th Street should be shared equitably between the two parties. In pursuit of this Agreement, both Cities agree to designate the aforementioned improvement of Strander Boulevard /S. W. 27th Street as a high priority item on each City's Transportation Improvement Plan, and each provide one -half of the local funds needed to match an 80% federal funding for this road improvement project. Because the timing of this street extension is uncertain, Renton and Tukwila agree to monitor development and, as development warrants, to acknowledge that the route is needed and that both jurisdictions will cooperate to insure that an appropriate connection is designed and constructed. Because the crossing will be located entirely within Tukwila upon completion of the annexation, the final decision as to the time for improvement shall be left to the discretion of Tukwila. If federal funding is unavailable, then Renton and Tukwila will negotiate an equitable funding option as necessary, such that each cities' share of the local costs of the improvement shall be 50 3. S. W. 43rd Street /S. 180th Street Improvements. If a proposed grade separated crossing of S. W. 43rd and the railroad tracks is undertaken to improve traffic safety and capacity, the