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HomeMy WebLinkAboutAuburn Properties, Inc. A /2, 169 AGREEMENT BETWEEN THE CITY OF AUBURN AND AUBURN PROPERTIES, INC. FOR CONSTRUCTION OF SOUTH 277th STREET IMPROVEMENTS This Agreement is entered into on the Z.454- day of A✓4 2013 between the City of Auburn. a Washington Municipal Corporation I-City ') and Auburn Properties, Inc. a Washington Corporation ( `Developer ') to govern the parties responsibilities for the dedication of right-of-way and construction of associated improvements on S 277th Street. The street improvements to S 277th Street will generally be located from Auburn Way North to L Street NE. References: o The Auburn Gateway Project Development Agreement dated December 22. 2011 adopted by City Resolution#4756 o Exhibit 1 —Northeast Auburn Special Area Plan and Auburn Gateway Planned Action Ordinance #6382 o Northeast Aubum/Robertson Properties Special Area Plan Environmental Impact Statement (EIS). July 30, 2004 (and any addenda thereto) o Adopted Northeast Auburn/Robertson Properties Special Area Plan (Ordinance# 6394). 1. Recitals. 1 1 The City s adopted 2014—2019 Transportation Improvement Plan ("TIP' ) contains TIP project #6 for improvements along S 277th Street, herein alter referred to as the Project' 1.2 'Ibis Agreement is related to the approximately 70 acres included in the Auburn Gateway Project as described in the Northeast Auburn/Robertson Properties Special Area Plan DS, issued by the City on July 30, 2004 (and any addenda thereto) and the adopted Northeast Auburn/Robertson Properties Special Area Plan. 1.3 The above-referenced Developer s proposed Auburn Gateway Project, herein after referred to as the 'Gateway Project, requires improvements to S. 277th Street. 1 4 As contemplated by Section 9 of the Development Agreement. the parties anticipated working together to obtain funding for these street improvements. 1.5 The parties intend this agreement to supplement and clarify but not to supersede. unless specifically stated, the Development Agreement. 2. Agreement. 2.1 Description of the Project S 277`h Street Improvements Page 1 of 4 8.19 13 The Project s proposed scope of work consists of the environmental permitting /processing, right-of-way (ROW)/property acquisition, design. and construction of the major roadway widening of S. 277th Street from Auburn Way North to L Street NE. The Project consists of adding two new eastbound through vehicle lanes. one new west bound through vehicle lane, a separated non motorized pedestrian trail. street lighting improvements. streetscaping improvements, storm drainage improvements, Intelligent Transportation System improvements. intersection capacity and safety improvements. and auxiliary turn lanes at Auburn Way North, D Street NE, and 1 Street NE. The scope of work will also include all surface street and underground infrastructure improvements (including foundation systems) for a future new traffic signal at the intersection of I Street NE with S. 277th Street, Project length is approximately 3,300 linear feet. 2.2 Developer s Responsibilities 2.2.1 Designate a primary contact person representing the Developer to coordinate the proposed Gateway Project with the Project. Such coordination shall include permitting, property acquisition. design, and construction activities associated with the Project. 2.2.2 Recognizes the need to meet City requested Project deadlines requiring inputs and reviews from the Developer Such requests from the City shall not he unreasonable in nature. 2.2.3 Dedication of all rights-of-way reasonably required for S 277`h ST frontage roadway improvements directly abutting the Developer s property (collectively the 'Developer Rights-of- Way '), dedication of properties reasonably required for storm drainage detention and treatment, and for stream mitigation reasonably required to construct the Project (collectively the 'Developer Storm Drainage Detention and Stream Mitigation Property '). Prior to the City advertising the Project for construction bids, the City will identify the specific locations of the Developer Rights-of-Way and the Developer Storm Drainage Detention and Stream Mitigation Property (collectively the 'Developer No-Cost Dedication Property '). The locations of the Developer No-Cost Dedication Property shall be subject to the reasonable approval of Developer in all cases and are currently estimated to be valued at $1,300,000 In addition, the dedications of the Developer No-Cost Dedication Property shall be at no cost to the City The dedication documents for the Developer No-Cost Dedication Property shall be in a form reasonably acceptable to Developer and executed and returned to the City no later than 20 calendar days after receipt of a written request and final, agreed-upon dedication documents from the City 2.2.4 Identify any Developer property other than the Developer No-Cost Dedication Property that may be available for the City to purchase for Project related wetland mitigation and stream mitigation. 2.2.5 Provide to the City a cash contribution of 20% of the Project construction costs in an amount not to exceed One Million Dollars ($1,000.000 00). Prior to the City advertising the Project for construction bids, the Developer shall provide the City with a financial guarantee such as a bond. a guaranty from an affiliate of the Developer or an irrevocable letter of credit in the amount of 20% of the Project construction costs in an amount not to exceed One Million S. 277th Street Improvements Page 2 of 4 8.19 13 Dollars ($1.000,000 00) to ensure the City that funds will be available for construction. the form of which must be reasonably approved by the City The amount of the financial guarantee shall be proportionally reduced over time in amounts equal to the Developer s paid invoices and for any offset amounts credited to Developer set forth in Section 2.4.3 below The City shall provide Developer a monthly invoice equal to the Developer s proportional share of the monthly Project construction costs. The invoices shall be documented to the reasonable satisfaction of the Developer Properly documented invoices shall he paid by the Developer (whether by a draw down of a letter of credit or otherwise) within thirty (30) days of receipt by the Developer Notice of any potential dispute regarding such payment request shall be made in writing within the same time period, and Developer shall not he required to pay any invoice during a dispute of same. At the completion or termination of the Project. the City will provide the Developer a final accounting of the funds expended that may be disputed by Developer in writing within 90 days of receipt of such final accounting 2.2.6 For the avoidance of doubt. the Developer shall have no obligation or liability in connection with the construction of the Project. 2.3 City s Responsibilities 2.3 1 Designate a project manager responsible for the management and administration of the Project. The project manager shall also coordinate the Project with the Gateway Project. including the location of properties for storm drainage detention and treatment needed to construct the Project 2.3.2 Manage permitting, property acquisitions. design, and construction activities associated with the Project. 2.3.3 Except for the Developer No-Cost Dedication Property the City will pay fair market value compensation for any wetland and/or stream mitigation property acquired from the Developer for the Project. 2.3 4 Develop legal descriptions and property conveyance documents. 2.1.5 Administer Project funding including grants and the Developer s contributions. 2.3 6 Notify Developer of intent to advertise for construction bids at least thirty (30) days in advance of proposed advertisement date. 2.3 7 As part of the dedication process for the Project identified in Section 2.2.; above. if the City identities any construction permit(s) and/or easements as needed to complete the Project, the City will enter into the appropriate documents with Developer (in a form reasonably acceptable to both parties) that will provide for among other things; (i) access to certain portions of Developer s property that are reasonably required to enable the City or its agents to complete the Project and (ii) the indemnification of Developer by the City against claims and losses arising from acts and omissions by the City or its agents in connection with the Project. S. 277`h Street Improvements Page 3 of 4 8.19 13 2.4 Effect of this A =regiment on the Develo ment A'reement and Northeast Auburn Special Area Plan 2.4 1 Subject to the City s completion of the Project, the parties agree that Developer's participation in this Agreement will serve as their full compliance with all City requirements associated with the Developers S. 277°' Street mitigation conditions stated in the Northeast Special Area Plan except for the completion of a traffic signal at the intersection of S 277th Street and I Street NE. 2.4.2 The Developer s cash and right-of-way contribution (dedications) under this Agreement do not exceed the anticipated required improvements for S 277th Street under the Development Agreement. Therefore. these contributions do not entitle the Developer to a Transportation Impact Fee credit under Chapter 19 04 of the Auburn City Code. 2.4.3 Sections 9(b) and 9(e) of the Development Agreement states that the City 'will reimburse [the Developer] from such other mitigation fees it has or may collect for other developments in the area towards public street improvements that overlap with [the Developer s] required improvements. The parties agree that if the City collects any additional mitigation fees for S 277th St improvements, the City shall expend those mitigation fees on this Project in lieu of paying them directly to the Developer Any new mitigation fees so expended shall proportionally offset the Developer s cash contribution to the Project. 2.4 4 Because the utilities to he installed as part of this Project do not exceed the anticipated required improvements for S. 277th Street under the Development Agreement, neither the City or the Developer may apply for a utility payback agreement under Chapter 13 40.060 of the Auburn City Code for these improvements based on either the cash contribution or the value of the right- of-way dedication. Additionally the Developer shall not be entitled to a system development charge credit based on either the cash contribution or the value of the right-of-way dedication. CI' Y O `jair AUBURN PROPERTIES INC. Peter . Lewis. Mayor Name. mu .4 . ,,,,■, As y, Title: VLX, 1be C Attest: Danielle E. Daskam, City Clerk Appr r ' as A�n. 1 ./ S`— - A . • re B. eid. -ity rttorney S. 277`h Street Improvements Page 4 of 4 8.19 13