HomeMy WebLinkAboutPlanning 2013-11-14 Item 4 - Public Hearing: Library - Attachment C - Term SheetCity Council Approved KCLS Term Sheet
6/25/12
1 The City will sell the King County Library System (KCLS) a legal lot consisting of a
portion of the northeast corner of the intersection of Tukwila International Boulevard and
South 144th Street to KCLS for a 10,000 square foot library for a price of $500,000. The
lot boundaries shall be mutually agreeable to KCLS, the Developer, and the City.
2. KCLS shall submit a conceptual site plan for the library parcel and a conceptual
architectural design for the library building no later than 45 days following the date that
Tukwila Village Development Associates LLC (the "Developer ") submits a complete
design review application for the first phase of the Tukwila Village development. The
conceptual site plan for the library parcel must be mutually agreed upon by KCLS and
the Developer.
3. City shall ensure the Developer' s first phase shall include the shared infrastructure
needed to operate a library on the library parcel such as roads, shared utilities, shared
parking areas and storm water /water quality detention system.
3. KCLS will submit building permit applications within ten months after the date the
Developer submits building permit applications for the first phase.
4. KCLS and the City will close escrow after the KCLS building permit for the library and
the Developer's building permits for the first phase are ready to be approved. If KCLS is
unable to close escrow within 30 days from when its building permits are ready to be
approved, the agreement terminates.
5. If KCLS has not substantially commenced construction of its branch library on the library
parcel within six months from close of escrow or if KCLS has not completed construction
within two years from substantially commencing construction (unless such failure to
commence construction arises from any delay in construction or completion of the first
phase of the Tukwila Village project or force majeure events), the City may re- purchase
the Tukwila Library parcel at the same purchase price plus the reasonable cost of any
improvements.
6. All facades of the library shall be of high quality design consistent with the Library
System's standards for libraries recently built by KCLS. The City may use these
standards during the design review process.
7 KCLS will pay to Developer a proportionate and reasonable contribution towards shared
infrastructure costs that benefit the library branch and will agree to enter into reciprocal
easements for shared utilities, vehicular and pedestrian access, parking, drainage, water
quality treatment and detention systems, including shared maintenance costs. KCLS will
not be required to pay a parking management fee.
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