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HomeMy WebLinkAbout92-148 - Southcenter Joint Venture / Metro - Southcenter Mall Tri-Party Agreement92-148 Council Approval 1.2/2/91 #350/PJP 121391 TRI -PARTY AGREEMENT This Tri -Party Agreement ("Agreement") is made and entered into as of the Ny day of 199X, by and among SOUTHCENTER JOINT VENTURE, an Ohio general partnership ("Southcenter"), the MUNICIPALITY OF METROPOLITAN SEATTLE, a Washington municipal corporation ("Metro"), and the CITY OF TUKWILA, a Washington municipal corporation (the "City"). RECITALS WHEREAS, Connecticut General Life Insurance Company ("CG") is the fee title owner and Southcenter is the ground lessee of that certain parcel of land located at the intersection of Strander Boulevard and Andover Park West, in the City of Tukwila, King County, Washington, the legal description of which is set forth on Exhibit A attached hereto and incorporated herein by reference, which parcel is improved with certain buildings and other improvements commonly known as "Southcenter Shopping Center" (collectively the "Mall Property"); and WHEREAS, in order to satisfy certain requirements imposed by the City in connection with Southcenter's proposed expansion of Southcenter Shopping Center to mitigate the impact of such expansion on transportation in the area of the Mall Property, Southcenter, Metro and the City have agreed to cooperate in the construction and maintenance .of a public bus stop on the easterly portion of the Mall Property along Andover Park West, - 1 - which shall include the widening of Andover Park West for bus pull-out lanes, the construction and maintenance of public bus shelters and the installation of a traffic signal at the intersection of Andover Park West and Baker Street; and WHEREAS, Southcenter has agreed to construct and maintain public sidewalks along the southerly and easterly portions of the Mall Property in connection with the foregoing mitigation improvements in order to satisfy future sidewalk installation requirements of the City (the said bus stop, road widening, bus shelter and sidewalk improvements being collectively called the "Project"); and WHEREAS, Southcenter, Metro and the City desire to set forth their respective rights and responsibilities with respect to the Project. NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, and other valuable consideration, the mutual receipt and sufficiency of which is hereby acknowledged by the parties to this Agreement, Southcenter, Metro and the City agree as follows: 1. Design and Construction of Bus Pull -Out. Southcenter shall cause the widening of Andover Park West with the construction of a bus pull-out (the "Bus Pull -Out") in accordance with those certain plans and specifications prepared by Center Ridge Design Services, Inc., dated May 24, 1991, revised July 23, 1991 .and designated as Plans C-1, C-2, C-3 and C-4 (the "Bus Pull -Out Plans"). The construction of the Bus Pull -Out shall include the pouring of footings for the Shelters - 2 - described in Paragraph 4 below, the widening of Andover Park West, the demolition of existing and the installation of new curb and gutter, the relocation of certain utilities, the construction of certain sidewalks, and the installation of landscaping, all as shown on the Bus Pull -Out Plans. Southcenter shall submit bids for the Bus Pull -Out to Metro for approval of the contractor to whom the work is awarded and the price therefor, which approval shall not be unreasonably withheld. Southcenter shall be authorized to issue change orders for such work without Metro's approval provided that no. change order exceeds $1,000 and all such change orders do not exceed, in the aggregate, $10,000. Within thirty (30) days following completion of such construction and submission of an invoice by Southcenter to Metro, Metro shall reimburse Southcenter for all costs and expenses incurred by Southcenter in the construction of the Bus Pull -Out; provided, however, that the costs and expenses to be reimbursed by Metro pursuant to Paragraphs 1 and 3 hereof shall not exceed, in the aggregate, $230,000. Metro and the City acknowledge and agree that each has reviewed and approved the Bus Pull -Out Plans. 2. Design and Construction of Sidewalks. Southcenter, at its sole cost and expense, shall cause to be constructed public sidewalks (the "Sidewalks") on the Mall Property along Andover Park West' and Strander Boulevard in accordance with those certain Site Development Plans prepared by Center Ridge Design Services, Inc., dated March 13, 1991, revised July 25, 1991 and approved by the City's Board- of Architectural Review (the - 3 - "Sidewalk Plans"). The Sidewalks constructed hereunder shall not include the sidewalks constructed pursuant to the Bus Pull-Out Plans. 3. Traffic Signal. Southcenter shall design (or cause to be designed) and install a traffic signal at the intersection of Baker Street and Andover Park West (the "Traffic Signal"). Southcenter shall consult with Metro and the City in the design of the Traffic Signal, and the final plans for the Traffic Signal shall be subject to approval by Metro and the City prior to its installation. Southcenter shall submit bids for the traffic signal to the City and Metro for approval of the contractor to whom the work is awarded and the price therefor, which approval shall not be unreasonably withheld. Southcenter shall be authorized to issue change orders for such work without the approval of the City and Metro provided that no change order exceeds $2,000 and all such change orders do not exceed, in the aggregate, $10,000. Within thirty (30) days following completion of the installation of the Traffic Signal and submission of an invoice by Southcenter to Metro, Metro shall reimburse Southcenter for all costs and expenses incurred by Southcenter in the design and construction of the Traffic Signal, including survey costs and costs for geotechnical evaluations and recommendations; provided, however, that the costs and expenses to be reimbursed by Metro pursuant to Paragraphs 1 and 3 hereof shall not exceed, in the aggregate, $230,000. 4. Bus Shelters. Within ninety (90) days from the completion of the Bus Pull -Outs, Metro, at its sole cost and - 4 - expense, shall install and thereafter maintain a maximum of three (3) passenger shelters (the "Bus Shelters") using the footings constructed by Southcenter. Metro will consult with Southcenter in the design of the Bus Shelters, and the final design plans for the Bus Shelters shall be subject to';approval by Southcenter prior to construction, which approval shall not be unreasonably withheld. Upon completion of the Bus Pull -Out and Traffic Signal and installation of the Bus Shelters, Metro shall remove from the Mall Property the bus shelters now in use, repair any damage in connection therewith, and change its. bus routes to cease operating buses on the Mall Property. 5. Permits. Upon the submission of an application by Southcenter (or, with respect to the Bus Shelters, by Metro), the City shall issue all building and other necessary permits for the construction and/or installation of the Sidewalks, the Bus Pull-outs, the Traffic Signal and the Bus Shelter. 6. Right -of -Way for Bus Pull -Out. Promptly following completion of the Project, Southcenter shall cause to be executed and delivered to the City for recordation a Right -of -Way Deed in the form attached hereto and incorporated herein by reference as EXHIBIT B (the "Right -of -Way Deed") granting and- conveying unto the City a right-of-way for the purpose of operating and maintaining the Bus Pull -Out over that portion of the Mall Property more particularly described in a legal description to be prepared by Southcenter's surveyor based on an as -built survey of the Bus Pull -Out which legal description shall be approved- by the City and Metro and - 5 - attached to the Right -of -Way Deed (the "Bus Pull -Out Right -of - Way"). The City hereby agrees to accept the conveyance of the Bus Pull -Out Right -of -Way. 7. Sidewalk and Traffic Signal Easement. Promptly following completion of the Project, Southcenter shall cause to be executed and delivered to the City for recordation an easement in the form attached hereto and incorporated herein by reference as Exhibit C (the "Sidewalk and Traffic Signal Easement") granting and conveying unto the City non-exclusive easements for maintenance by the City and use by the public of the Sidewalks, and operation, maintenance and reconstruction of the Traffic Signal by the City, on and over that portion of the Mall Property more particularly described in a legal description to be prepared by Southcenter's surveyor based on an as -built survey of the Sidewalks and Traffic Signal, which legal description shall be approved by the City and attached to the Sidewalk and Traffic Signal Easement. The City hereby agrees to accept the Sidewalk and Traffic Signal Easement. 8. Consent of Ground Lessor and Mortgagees. Southcenter shall obtain the consent and approval of the following parties to the terms of this Agreement who shall join in the execution of the Right of Way Deed and the Sidewalk and Traffic Signal Easement: a. CG, the fee owner of the Mall Property and the Ground Lessor under that certain Amended and Restated Ground Lease between CG and Southcenter, notice of which was recorded in the Office of the King :County Auditor as document No. 851271133; and - 6 - b. Teachers Insurance and Annuity Association of America, a New York corporation ("TIAA"), Beneficiary of that certain Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing Statement encumbering Southcenter's leasehold interest in the Mall Property, recorded in the office of the King County Auditor as document No. 8912280042. 9. Maintenance of Sidewalks. From and after the'date of completion of the Sidewalks, Southcenter shall maintain the Sidewalks in accordance with the terms of the Sidewalk and Traffic Signal Easement. 10. Maintenance of Bus Pull -Out and Traffic Signal. From and after the completion of construction of the Bus Pull -Out and the recordation of the Right -of -Way Deed, the City shall be fully responsible for the maintenance of the Bus Pull -Out Right -of- Way and the Traffic Signal. 11. Revisions of Plans. Any substantial changes or revisions in the plans previously approved by Metro, the City, or Southcenter shall be subject to their prior approval. 12. Inapplicability of Shadow Ordinances. The City acknowledges and agrees that no open space or public area shadow ordinance will be applied by the City to prevent the construction of buildings or other improvements on the Mall Property which might cast shadows over or otherwise shade the Sidewalk Easements• or the Bus Pull -Out.: 13. Floor Area Ratio Calculations. The City acknowledges and agrees that no portion .of the Mall Property which is 7 subject to the easements described herein shall be excluded from the computation of the total area comprising the Mall Property for the purpose of making any floor area ratio calculations under applicable state or local laws, ordinances or regulations governing or relating to the construction of additional buildings or improvements on the Mall Prpoerty. 14. Traffic Mitigation Improvements. Southcenter agrees to reimburse the City for Southcenter's proportionate share (as described below) of the following traffic improvements to be made by the City as provided in Condition 7 of the Mitigated Determination of Nonsignificance made by the City on June 3, 1991 in connection with the proposed expansion of Southcenter Shopping Center: a. Southcenter shall reimburse the City for one hundred percent (100%) of the cost of new curbing along the west side of Andover Park West between Tukwila Parkway and Strander Boulevard in connection with the widening of Andover Park West by the City, which reimbursement shall not exceed $10,400. b. Southcenter shall reimburse the City for 8.2% of the cost to improve the Level of Service and pedestrian safety at the intersection of Southcenter Parkway and Strander Boulevard, which reimbursement shall not exceed $12,300. c. Southcenter shall reimburse the City for 22.4% of the cost of widening the north/south left turn lanes at Strander Boulevard and Andover Park West and improving the intersection signal control, which reimbursement shall not exceed $22,400. - 8 - d. Southcenter shall reimburse the City for 12.4% of the cost of improvements to the Andover Park East/Tukwila Parkway traffic signal, which reimbursement .shall not exceed $10,540. The base project costs for items 14a. (curbing o'n the west side of Andover Park West between Tukwila Parkway and Strander Boulevard), 14b. (Southcenter Parkway and Strander Boulevard intersection improvements), 14c. (Strander Boulevard and Andover Park West left turn widening), and 14d. (Andover Park East and Tukwila Parkway signalization) and corresponding fair shares shall be adjusted using the Engineering News Record cost index at the beginning of each year starting January, 1993. The base to be used is January, 1992. The reimbursement required under this Paragraph 14 shall be made by Southcenter within thirty (30) days following completion of the improvement for which reimbursement is sought and submission of an invoice from the City to Southcenter. 15. Water Line "No Protest" Agreement. Southcenter agrees to participate in a Local Improvement District formed for the specific purpose of upgrading the eight (8) inch water line in Andover Park West, and hereby waives the right to protest the formation of such Local Improvement District; provided, however, that Southcenter retains the right to contest the determination of the boundaries of the Local Improvement District, the method of calculating assessments in the Local Improvement District and the amount thereof to be levied against the Mall Property. - 9 - 16. Successors and Assigns. The terms and conditions of this Agreement shall be binding upon and inure to the benefit of Metro, the City, Southcenter, and their respective successorsandassigns. 17. No Amendment. Neither this Agreement nor any term or provision hereof may be changed, waived, discharged, amended, or modified, except by an instrument in writing signed by the parties hereto, their successors and assigns. 18. Liability. Each party hereto shall indemnify, defend and hold harmless each of the other parties for all damages and. injuries to third parties arising out of or relating to performance of such party's responsibilities under this Agreement, except to the extent of the other party's negligence. 19. Interpretation. This Agreement shall be interpreted in accordance with the laws of the State of Washington and shall be enforced in the Superior Court of King County, State of Washington, which shall have exclusive jurisdiction of matters between the parties hereto. IN WITNESS WHEREOF, this agreement is executed by Southcenter, the City and Metro the date and year first above written. SOUTHCENTER JOINT VENTURE, an Ohio general .artnership By: THE CITY OF TUKWILA, a Washington municipal corporation By: _ 4j�-- il9 its / Ariz RI. 04a 0 - THE MUNICIPALITY OF METROPOLITAN SEATTLE, a Washington municipal corporation STATE OF OHIO ) ) SS: COUNTY OF CUYAHOGA ) I certify that I know or have satisfactory evidence that ff r- 1'cl, C—lear is the person who appeared before me, and said person cknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the general partner of •SOUTHCENTER JOINT VENTURE, an Ohio general partnership to be the free and voluntary act of such party for the uses an purposes mentioned in the instrument. Dated: 0, ‘24i( NOTARY PUBLIC n and for the State of Ohio, residing at My appointment expires: NANCY A. LUSTR! Notary Public, State of Ohio My Commission Expires Oct.24,1994 STATE OF WASHINGTON) ) SS: COUNTY OF KING ) I certify that I know or have satisfactory evidence t h a t t....._hin--xj 4 /gei7 is the pers who appeared before me, and said person acknowled ed that she signed this instrument, on oath stated that she as authorized to execute the instrument and acknowledged it as the A-Yp/e _ of THE CITY OF TUKWILA to, be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Dated. 2 Z 015.sF'T91g� ri.�O . STATE OF WASHING?'WAsN\��`� COUNTY QF KING TARY PUBLIC in and for the f Washington, residing at y appointment expires: f 74.115' 3• I certify hat I know or have satisfactory evidence that is the person who appeared before me, nd said person acknowledged that he/she signed this instrument, on oath stated that he/she was authoriz-d to xecute the instrument and acknowledged it as the •,. , of THE MUNICIPALITY OF M T� �'OL TA SEATTLE to se/ 1 free and voluntary act of such party for the in the instrument. uses and purposes mentioned Dated : NOTARY PUBLIC in and for the of Washington, residing at��, My appointment _expires: EXHIBIT A DEVELOPER PARCEL That portion of the Northwest quarter of the Northeast quarter of Section 26, Township 23 North, Range 4 East, W.M., King County, Washington, and of the Northeast quarter of the Northwest quarter of said Section 26, and of the Southwest quarter of the Southeast quarter of Section 23, said Township and Range, and of the Southeast quarter of the Southwest quarter of said Section 23, and of the Interurban Addition to Seattle as recorded in Volume 10 of Plats, Page 55, records of King County, Washington, and of Brookvale Garden Tracts as recorded in Volume 10 of Plats, Page 47, records of said County, and of the H. Gilliam Donation Land Claim No. 40, described as fellows: Commencing at the Northeast corner of the Northwest quarter of the Northeast quarter of said Section 26, thence, N00012'09"W along the northerly production of the East line of said subdivision 406.49 feet; thence, S89°47'51" W, 30 feet to the West margin of Andover Park West and THE POINT OF BEGINNING OF THIS DESCRIPTION; thence, N87025'13"W, 526.42 feet; thence, N00019'36'E, 178.75 feet to the beginning of a curve to the right of 45 foot radius; thence along said curve 45.96 feet to a point of compound curve; thence along a curve to the right of 122.35 foot radius, 63.68 feet to the southerly margin of Tukwila Parkway as deeded to the City of Tukwila and recorded under Auditor's File No. 5735981, records of King County, Washington; thence, S88040'00"W along said southerly margin 76.15 feet to the beginning of a curve to the right of 1472.39 foot radius; thence along said curve and southerly margin 423.38 feet; thence, N74051'30"W along said southerly margin 407.05 feet to the beginning of a curve to the left of 552.62 foot radius; thence along said curve and southerly margin 185.63 feet; thence, N00019'36'E, 1.55 feet to the Northeast corner of that portion of the Southcenter Parkway vacated by Ordinance Number 555, City of Tukwila, and as recorded under Auditor's File No. 6516239, records of said County, said Northeast corner also being a point on a 565.79 foot radius curve concave to the Southeast, through which a radial line bears 504034'32"E; thence West along said curve and the southeasterly margin of said Southcenter Parkway 282.00 feet to a point of compound curve to the.left of 339.07 foot radius; --thence southwesterly along said curve 37.76 feet to the most northerly point of a tract of land conveyed to the City of Tukwila by deed recorded under Auditor's File No. 6516243, records of said County; thence continuing southwesterly along said curve and southeasterly margin 312.17 feet; thence, S89°39'00"w along said southeasterly margin 17.04 feet to the easterly margin of said Southcenter Parkway (formerly 57th Averue South) as deeded to the City of Tukwila and recorded under said Auditor's File No. 5735981; thence, S00°21'00'E along said East margin 438.12 feet to an angle point therein; thence, 500023'45"E along said -East margin 633.44 feet to the northerly line of State Highway right-of-way; thence, N89°52'42"E along said northerly line 5.31 feet to the easterly line of said State Highway right-of-way; thence, S00°07'18'E along said easterly line 134.50 feet to the southeasterly line of -said right-of-way; thence, 543025'05"w along said southeasterly line 6.74 feet to aforesaid East margin of Soutrcenter Parkway; thence, S00°23'45'E along said East margin 471.45'feet to the beginning of a curve to the left of 50 foot radius; thence along said curve 77.70 feet to a point of tangency on the North line of South 164th Street as deeded to the City of Tukwila by Quit Claim Deed from Sdutrcenter Corporation on 14 February 1963; thence, S89°26'22'E along said North -line 588.31 feet; thence, EXHIBIT A (cont.) 589°30'56'E along said North line 1255.52 feet to the beginning of a curve to the left of 50 foot radius; thence along said curve 79.14 feet to the west line of Andover Park West as deeded to the City of Tukwila by Quit Claim Deed from Southcenter Corporation on 1 November 1962; thence, N00012'09"W along said West line 1652.93 feet.to THE POINT OF BEGINNING OF THIS DESCRIPTION; excluding therefrom the following described parcel: THE BON PARCEL That portion of the Northwest quarter of the Northeast quarter of , Section 26, Township 23 North, Range 4 East, W.M., and of the Northeast quarter of the Northwest quarter of said Section 26, and of the Southwest quarter of the Southeast quarter of Section 23, said Township and Range, and of the Southeast quarter of the Southwest quarter of said Section 23, and of the Interurban Addition to Seattle as recorded in Volume 10 of Plats, Page 55, Records of King County, Washington, and of Brookvale Garden Tracts as:recorded in Volume 10 of Plats, Page 47, records of said County and of the W. H. Gilliam Donation Land Claim No. 40, described as follows: Commencing at the Northwest corner of the Northwest quarter of the Northeast quarter of said Section 26; thence, 589040'24'E along the northerly line of said Northwest quarter 25.00 feet; thence, 500°19'36"W, 10_83 feet to THE POINT OF BEGINNING OF THIS OESCRIPTI0N; thence, continue 500°19'36"W, 138.17 feet; thence, S89°40'24'E, 226.00 feet; thence, NO0019'36'E , 96.00 feet; thence, S89°40'24'E , 72.00 feet; thence, NO0019'36'E, 42.17 feet; thence, S89°40'24'E , 7.90 feet; thence, NO0019'361E, 36.83 feet; thence, 5890404241E, 10.50 feet; thence, N00019'36'E, 196.00 feet; thence, N89°40'24"W, 406.80 feet; thence, 500019'36"W, 222.00 feet; thence, S89°40'241E, 10.50 feet; thence, S00019'36"W, 10.83 feet; thence, S89°40'241E, 79.90 feet to THE POINT OF BEGINNING OF THIS DESCRIPTION_ #351/PJP 082791 EXHIBIT B RIGHT-OF-WAY DEED This Right -of -Way Deed is made and given this day of , 1991, by SOUTHCENTER JOINT VENTURE, an Ohio general partnership ("Southcenter"), CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation ("CG"), TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York corporation ("TIAA") and TRANSAMERICA TITLE INSURANCE COMPANY ("Trustee") (collectively, "Grantors"), to and for the benefit of the CITY OF TUKWILA, a Washington municipal corporation (the "City"). For TEN DOLLARS ($10.00) and other valuable. consideration, the receipt and sufficiency of which is hereby acknowledged, Grantors hereby convey and quitclaim to the City, without warranties of title, a right-of-way for highway purposes over that property being in the City of Tukwila, King County, Washington, more particularly described on Exhibit A attached hereto and incorporated herein by reference (the "Bus Pull -Out Right -of -Way"), which is a portion of that property known as "Southcenter Shopping Center," more particularly described on Exhibit B attached hereto and incorporated herein by reference (the "Mall Property"), for the purpose of constructing and maintaining a public bus pull-out lane (the "Bus Pull -Out"). In the event that any part of the Bus Pull -Out Right -of -Way granted herein shall be abandoned or ceases to be used for the Bus Pull -Out, then as to such part the right-of-way conveyed - 1 - herein will terminate and title to such abandoned or unused portion of the Bus Pull -Out Right -of -Way shall automatically revert to the Grantors herein, their successors and assigns, without notice being required. The terms and conditions of this instrument shall be binding upon and inure to the benefit of the City, Grantors, and the respective successors and assigns. The right-of-way conveyed herein is for the benefit of the public, and the burden of the right-of-way conveyed herein shall run with the title to the property subject thereto, and be binding upon Grantors, and their successors and assigns. CG joins in this instrument as the fee owner of the Mall Property for the purpose of conveying the Bus Pull -Out Right - of -Way and agreeing to amend the Ground Lease described below. Southcenter joins in this instrument as a Grantor hereunder solely to subordinate the leasehold estate in the Mall Property conveyed in that certain Amended and Restated Ground Lease (the "Ground Lease"), notice of which was recorded in the office of the King County Auditor as Document No. 85121711 to the Bus Pull -Out Right -of -Way. TIAA joins in this instrument as a Grantor hereunder for the purpose of directing Trustee, as trustee under that certain Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing Statement recorded in the office of the King County Auditor as Document No. 8912280042 (the "Deed of Trust"), to subordinate the Deed of Trust to the Bus Pull -Out Right -of -Way to Southcenter. - 2 - Trustee joins in this instrument as a Grantor hereunder to subordinate the Deed of Trust to the Bus Pull -Out Right -of -Way. IN WITNESS WHEREOF, grantors have executed, this instrument the day and year first above -written. SOUTHCENTER JOINT VENTURE, an Ohio general partnership By: Its: CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation By: Its: TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York corporation By: Its: TRANSAMERICA TITLE INSURANCE COMPANY By: Its: STATE OF OHIO ) ) SS: COUNTY OF CUYAHOGA ) I certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the general partner of _SOUTHCENTER JOINT VENTURE, an Ohio general partnership to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Dated: STATE OF COUNTY OF ) SS: NOTARY PUBLIC in and for the State of Ohio, residing at My appointment expires: I certify that I know or have satisfactory evidence that is .the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the of CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation, to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Dated: NOTARY PUBLIC in and for the State of , residing at My appointment expires: STATE OF COUNTY OF ) ) SS: I certify that I know or have satisfactory evidence that is the person whoappeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the of TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York corporation, to be the free and voluntary act -of such party for the uses and purposes mentioned in the instrument. Dated: STATE OF COUNTY OF ) ) SS: ). NOTARY PUBLIC in and for the State of , residing at My appointment expires: I certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the of TRANSAMERICA TITLE INSURANCE COMPANY, - to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Dated: NOTARY PUBLIC in and for the State of , residing at My appointment expires: #352/PJP 082791 EXHIBIT C SIDEWALK AND TRAFFIC SIGNAL EASEMENT This Sidewalk Easement is made and given this day of , 1991, by SOUTHCENTER JOINTVENTURE, an Ohio general partnership ("Southcenter"), CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation ("CG"), and TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York corporation ("TIAA") (collectively, "Grantors"), to and for the benefit of the CITY OF TUKWILA, a Washington municipal corporation (the "City"). For TEN DOLLARS ($10.00) and other valuable consideration, the receipt. andsufficiency_. of which is—hereby. acknowledged, Grantors hereby convey and quitclaim to the City,, without warranties of title, the following non-exclusive easements: 1. An easement for the construction, maintenance and use by the public of public sidewalks over that property more particularly described on Exhibit A attached hereto and incorporated herein by reference (the "Sidewalk Easements"), which is a portion of that property known as "Southcenter Shopping Center" more particularly described on Exhibit B attached hereto and incorporated herein by reference (the "Mall Parcel"). The right of the public to use the Sidewalk Easements shall be subject to the reasonable right of Southcenter to regulate or control any activities which may, in Southcenter's reasonable discretion, present a threat of .harm to persons or property, nuisance, annoyance, disturbance, or breach of the peace on the Mall Property. - 1 - 2. An easement for the purpose of constructing, repairing, altering or reconstructing street traffic control improvements consisting of, but not limited to, signal poles, heads and' mast arms, controller, controller cabinets and electrical service cabinets, electrical conduit and loop detectors, and junction boxes, over that property more particularly described on Exhibit C attached hereto and incorporated herein by reference (the "Traffic Signal Easement"). The City shall use the Traffic Signal Easement in such a manner that the private improvements existing in the. Traffic Signal Easement shall not be disturbed or destroyed, or 'in the event they are disturbed or destroyed, they will be ,..replaced in as. good a condition .as.•existed .immediately before such disturbance or destruction. The terms and conditions of this Easement shall be binding upon and inure to the benefit of the City, Grantors, and their respective successors and assigns. The Sidewalk Easements are for the benefit of the public, and the burden of the Sidewalk Easements and Traffic Signal Easement shall run with the title to the Mall Property, and be binding upon Grantors and their successors and assigns. CG joins in this instrument as a Grantor hereunder for the purpose of subjecting the fee interest in the Mall Property to the easements conveyed herein. Southcenter, the owner and holder of a leasehold interest in the Mall Property pursuant to that certain Amended and - 2 - Restated Ground Lease, notice of which was recorded in the Office of King County Auditor and Document No. 85121711, joins in this instrument as a Grantor hereunder for the purpose of subordinating its leasehold interest to the easements conveyed herein. TIAA joins in this instrument as a Grantor hereunder for the purpose of subordinating its interest in the Mall Property as Beneficiary under that certain, Deed of Trust, Security Agreement, Assignment of Rents and Fixture Filing Statement, recorded in the office of the King County Auditor as Document. No. 8912280042, to the easements conveyed herein. IN WITNESS WHEREOF, grantors have executed this instrument as of the day.. and year first above -written. SOUTHCENTER JOINT VENTURE, an Ohio general partnership By: Its: CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation By: Its: TEACHERS INSUIRANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York corporation By: - Its: - 3 - STATE OF OHIO ) ) SS: COUNTY OF CUYAHOGA ) I certify that I know or have satisfactory evidence that is the person who. appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the general partner of SOUTHCENTER JOINT VENTURE, an Ohio general partnership to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Dated: STATE OF COUNTY OF ) SS: NOTARY PUBLIC in and for the State of Ohio, residing at My appointment expires: I certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the of CONNECTICUT GENERAL LIFE. INSURANCE COMPANY, a Connecticut corporation, to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Dated: NOTARY PUBLIC in. and far the State of , residing at My appointment expires: - 4 - STATE OF COUNTY OF ) SS: I certify that I know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the of TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, a New York corporation, to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Dated: NOTARY PUBLIC in and for the State of , residing at My appointment expires: 5