03-033 - King County - South Central Pool Transfer Agreement

Browse Search

1 3 The City and County agree that the assignment of the County's lease for the underlying real property upon which the South Central Pool is built will convey all the rights and obligations of the County contained in the lease, and that the City shall assume all the rights and obligations of the County, including the covenants, contained in the lease. 1 4 The Property being conveyed includes the equipment and supplies that are necessary to operate and maintain the South Central Pool. The County will leave such equipment and supplies on site, which equipment and supplies will include all furniture, lifeguard equipment, first aid supplies, specialty tools, operator manuals, as -built pool and remodel plans, phone system, lighting fixtures, miscellaneous pool equipment, building maintenance supplies, spare parts, and materials such as chlorine and filtration supplies for pool maintenance Any equipment and supplies stored at the South Central Pool for use at other King County facilities will not be transferred. 1 5 The County hereby agrees to finalize certain 2002 capital projects that were initiated, but will not yet have been completed prior to conveyance of the Property Due to this circumstance, the City hereby grants the County a right of entry onto the Property following conveyance to perform such work necessary to accomplish the replacement of the existing oil tank and to make upgrades to the pool's fire alarm system as required by applicable fire code. The County shall provide the City reasonable notice prior to undertaking any such activity 2. Existing Restrictions, Agreements, Contracts or Permits 2 1 The City shall abide by and enforce all terms, conditions, reservations, restrictions and covenants of title at the time of conveyance and/or in the deed of conveyance 3 Financial Arrangement 3 1 The County agrees to transfer to the City $50,000 for the purpose of making capital improvements to South Central Pool. The funds will be distributed to the City in two $25,000 installments, with the first payable on or before December 31, 2003 and the second payable on or before December 31, 2004 These funds may be used only for the planning, construction, reconstruction, repair, rehabilitation or improvement of the South Central Pool. 3.2 The County will transfer additional capital funds to the City for the purposes described in section 3 1 in an amount to be determined by the County, which amount will depend on the number of agreements to transfer pools that are executed in 2002. Any additional capital dollars will be distributed to the City by December 31, 2003 and December 31, 2004 in approximately equal installments. Under no circumstance will the amount of additional capital funds transferred to the City exceed $125,000 3