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HomeMy WebLinkAbout17-130 - Tukwila Village Development Associates LLC - Payment in Lieu of Constructing Frontage Implrovements for Tukwila Village17-130 Council Approval N/A Reference 12-129 AGREEMENT BY AND BETWEEN THE CITY OF TUKWILA AND TUKWILA VILLAGE DEVELOPMENT ASSOCIATES, LLC FOR PAYMENT IN LIEU OF CONSTRUCTING FRONTAGE IMPROVEMENTS This Agreement ("Agreement") is made and entered into this day of July, 2017 by and between the CITY OF TUKWILA ("City"), a non -charter, optional code Washington municipal corporation, and the TUKWILA VILLAGE DEVELOPMENT ASSOCIATES, LLC, Washington limited liability company ("Developer"). RECITALS WHEREAS, the Developer has entered into that certain Disposition and Development Agreement (the "DDA") dated as of October 30, 2012 with the City which gives the Developer exclusive rights to acquire and develop certain parcels of real property owned by the City located at the intersection of Tukwila International Boulevard and S. 144th Street, as more particularly described in the Legal Description contained in Attachment A hereto and as depicted on Attachment B hereto (collectively, the "Tukwila Village Property"); and WHEREAS, Section 5.3 of the Disposition and Development Agreement describes the terms of the Developer Infrastructure Work, including street improvements, utilities, and other infrastructure improvements; and WHEREAS, under Tukwila Municipal Code ("TMC") Section 11.12.030, this Development is required to install curbs and gutters, sidewalks and other frontage improvements in accordance with specifications and standards of the TMC and approved by the Public Works Department; and WHEREAS, all roadway design in the City shall meet the design guidelines and requirements in the Transportation Element of the Comprehensive Land Use Plan, other applicable subarea plans, and the requirements of the TMC; and WHEREAS, the Developer has incurred costs in developing the design of the required frontage improvements along S 144th Street ("Frontage Design") to a 90% level of completion and desires to be credited for these expenses; and WHEREAS, the City has funded and will complete a street improvement project titled South 144th Street Phase II ("Project") that will construct the required frontage improvements, as well as other amenities in accordance with specifications and standards of the TMC and approved by the Public Works Department; and WHEREAS, the Developer has provided the Frontage Design to the City to be included in the Project; and WHEREAS, under TMC Section 11.12.030(C) payment in lieu of improvements is an option that may be exercised by the Developer if approved by the Director of Public Works; and Pagelof8 /S-4- 0 f 02 0 ��' $ WHEREAS, the City and Developer have agreed that street frontage improvements would be more efficiently constructed as part of the City's Project and the Developer agrees to pay the City an amount equal to the cost of installing the required frontage improvements as specified in this Agreement; and WHEREAS, the City and the Developer agree to continue coordination between the site development and the roadway projects to avoid duplicating work or interfering with safe and efficient construction methods and that adjustments to the designs and schedule for mutual benefit may arise; and WHEREAS, the City and the Developer agree to cause their respective general contractors and their respective subcontractors to use their best efforts to coordinate all construction activities to avoid any unnecessary delays or conflicts; and WHEREAS, pursuant to TMC 11.12.030(C) the Developer and City hereby enter into this Agreement pursuant to the terms and conditions set forth herein; NOW THEREFORE, in consideration of the foregoing mutual promises and other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties agree as follows: AGREEMENT 1. Improvements. The Director has determined that street frontage improvements required for the Development should be constructed as part of the City's Project. 2. Payment. The Developer has provided documentation satisfactory to the Director that establishes the cost of materials, labor and quantities in an amount equal to the property owner's cost of installing frontage improvements. The Developer shall pay the City a total amount of $594,293.00 in lieu of designing and constructing frontage improvements in one payment, paid upon substantial completion of the City's Project, as determined by the City. This payment reflects a credit of $80,000 for the costs incurred by the Developer to begin the design of the S 144th Street frontage improvements. After the payment has been received by the City, the City will prepare a letter of receipt for the Developer that identifies the total amount paid to the City on behalf of the Developer that was credited toward the installation of the City required frontage improvements constructed within the City owned right-of-way. The City shall not consider payment made in lieu of frontage improvement during the Residual Land Value Analysis conducted under the DDA. 3. Ownership of Design Documents. The Developer shall turn over the ownership to the City of all engineering work done for the frontage improvements which was completed by Barghausen Consulting Engineers, Inc. This transfer of ownership is effective with this Agreement and is not subject to Section 13 below of this Agreement. 4. Amendment. This Agreement shall only be amended by a written agreement executed by both the Developer and the City. Page 2 of 8 5. Recording. The terms and conditions of this Agreement shall be covenants running with the land. The Developer authorizes this to be recorded in the office of the Recorder, King County, Washington. After receipt of the payment set forth in Section 2 above, the City shall record a termination of this Agreement in the office of the Recorder, King, County, Washington. 6. Enforcement. This Agreement may only be enforced by the parties hereto. No third party shall have standing to enforce the terms of this Agreement. This Agreement shall be governed by the laws of the State of Washington. 7. Waiver of Objection. The Developer, for itself and its successors and assigns hereby waives any objection that it may have to the payment. City and the Developer agree that the Developer's payment of $594,293.00 to City as provided in Section 2 above shall constitute full and complete satisfaction of the Developer's obligation to construct or reimburse the City for the street frontage improvements in connection with the Development. 8. Severability. If any section, sentence, clause, provision or portion of this Agreement is declared unlawful or unconstitutional for any reason, the remainder of this Agreement shall continue in full force and effect. 9. Notice. All notices or communications provided for by this Agreement must be in writing, and may either be delivered personally, by certified mail, or by express delivery service, return receipt requested. Such notices shall be deemed delivered on the date of receipt, as evidenced by the return receipt or the equivalent, (e.g., date stamp of recipient). All notices or communications shall be given to the Parties at their addresses set forth below: For the City of Tukwila: City Clerk City of Tukwila 6200 Southcenter Boulevard Tukwila, WA 98188 For Tukwila Village Development Associates, LLC: Tukwila Village Development Associates, LLC Attn: Bryan M. Park 201 — 27th Avenue SE, Building A, Suite 300 Puyallup, WA 98374 10. Entire Agreement. This Agreement contains the entire agreement between the Developer and the City regarding this subject matter. Page 3 of 8 11. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which shall constitute but one original. 12. Recitals. The Recitals set forth above are hereby incorporated in and made a part of this Agreement by this reference. 13. Termination. This Agreement shall terminate upon the Developer making final payment in accordance with Section 2 above. This Agreement may be terminated by either party in the event that the sale of the Properties by the City to the Developer is not concluded. The party initiating the early termination shall provide the other party 30 days written notice of intent to terminate the Agreement. No payment shall be required by the Developer in the event of an early termination. [The remainder of this page is intentionally left blank. The executing signatures of the parties are on the following pages.] Page 4 of 8 ON BEHALF OF CITY OF TUKWILA, a Washington municipal corporation Its: Mayor 0-7),(0 15, Date: Attest/Authenticated: Approved as to Form: Christy O'Flaherty, City Clerk City Attorney STATE OF WASHINGTON ) )ss COUNTY OF On 3�'' a3 , 2017, before me, the undersigned, a Notary Public, personally appeared ALLAN EKBERG, personally known to me (or proved to me on the basis of satisfactory evidence) as the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same in his authorized capacity as MAYOR of THE CITY OF TUKWILA, and that by his signature on the instrument the entity upon behalf of which he acted, executed the instrument. ��` a,�ERG-D/p 41 �aIMV41gp o ti "�.� � z • PUSV- Of tish IW P�' ,. g. O; WITNESS my hand and official seal. CuAi Print Name: -DA. -0. 6 `� l Yf 0 idetP-L. NOTARY PUBLIC in and for the State of Washington, residing at `179 tarn My commission expires: /a / 9 / Page 5 of 8 ON BEHALF OF TUKWILAaVVILLAGE DEVELOPMENT ASSOCIATES, LLC By: Bryan M. Park Its: Manager Date: STATE OF WASHINGTON ) )ss COUNTY OF KING ) On �v a-0 , 2017, before me, the undersigned, a Notary Public, personally appeared BRYAN ». PARK, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same in his authorized capacity, as MANAGER of TUKWILA VILLAGE DEVELOPMENT ASSOCIATES, LLC, and acknowledged it to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. `►►►uuu1Niy,, ``,,,. 0.a. L. #,,��' WITNESS my hand and official seal. ````��� . • NOTARY PU,BUC • • OW • COMM. EXPIRES : FEB. 28, 2021 0.4111▪ . ▪ • • • 4e, v Op WASOGe% "'Him iiit0 NOTARY PUBLIC in and for the State of Washington, residing at My commission expires: Page 6 of 8 ATTACHMENT A LEGAL DESCRIPTION Parcels A, B and C, City of Tukwila Lot Consolidation No. L13-021, as recorded under King County Recording No. 20150428900001; and Parcel A, City of Tukwila Lot Consolidation No. L16-031, as recorded under King County Recording No. 20160629900001. Page 7 of 8 ATTACHMENT B DEPICTIONS [See the attached Depictions B-1 and B-2] Page 8 of 8 S1143W3SV3 '8 NOI1VHfl9IINOO 101 M3N 4-frLk4— ai, o t ■| K ■ ƒ o . » y ,e §&id§t , ƒ2 o \ § Q11. '9d teE. 1OA 1 NOIiV IflJIANO3 101 M3N 0• 0I E 2 2-n p D m z fl z - m j p A • m0 � n 1 • . N Q g N z' CO t COx\1 FIe:P:\150005255\survey\plata\15255BLA03—South.dw0 Date�me:6/16/2016 2:12 PM Scale:1- = 1' KANDERSON Xref: 'eon l26LL1' rr10fB VATS 12212 ARUM 1 i" P Moth VMIIES 501'0213752 280.19' O / O