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16-189.00 Big Sky Homes: Mica View Traffic Mitigation DEVELOPMENT AGREEMENT FOR MICA VIEW TRAFFIC MITIGATION Big Sky Homes,do Travis Paske This Development Agreement ("Agreement") is entered into between Big Sky Homes, do Travis Paske, its successors and assigns ("Developer"), a Washington corporation, having offices at P.O. Box 147 Greenacres, WA 99016, and the City of Spokane Valley("City"), a municipal corporation of the State of Washington,hereinafter jointly referred to as"Parties": RECITALS 1. This Agreement is entered into by the Parties pursuant to RCW 82.02.020, to provide a financial contribution toward future transportation improvements that mitigate increased traffic volumes generated by the development as proposed in the Developer's preliminary plat, PE-2050-15, impacting the intersection of Sprague Avenue and Barker Road. 2.Developer is the owner/developer of certain real property generally located within an area located south of Sprague Avenue, approximately 350 feet southwest of the intersection of Henry Road and Sprague Avenue,in unincorporated Spokane County(herein collectively referred to as"Property"). 3.The Property covers a total of 7.2 acres of land. 4. The Developer has received approval of the preliminary plat identified as Mica View, a residential development (herein collectively referred to as the "Development"), which will increase traffic congestion and directly impact existing transportation infrastructure at the intersection of Sprague Avenue and Barker Road located within the City. Voluntary mitigation of these impacts has been required as part of the approval process for the final plat pursuant to the Hearing Examiner Findings, Conclusions and Decision (PE-2050-15) entered into on the 4th day of April, 2016 and approving the preliminary plat for the Property,which contains the following condition of approval: CITY OF SPOKANE VALLEY—TRANSPORTATION SERVICES: 1. Spokane Valley has determined that improvements are needed at the intersection of Barker Road and Sprague Avenue. The need for improvements is in part due to traffic generated by continued development within the area, including the current project. As such, the City has established a mitigation fee of $10,599 which shall be paid by the applicant as its proportionate contribution to the mitigation project. This mitigation fee shall be used for design and/or construction of improvements at the intersection. 2. Prior to any final plat,the applicant shall enter into a development agreement with the City of Spokane Valley to make such proportionate share contribution towards improvements at the intersection of Barker Road and Sprague Avenue. (Emphasis in original). 5. The Parties are desirous of entering into an Agreement which provides for the voluntary payment of a proportionate share of improvements deemed necessary at the intersection of Sprague Avenue and Barker Road which are a direct result of traffic impacts associated with the Development. 6.The Parties have agreed that the proportionate share of improvements for Mica View shall be paid prior to approval of the final plat. 7. The voluntary mitigation fee has been established for improvements deemed necessary at the intersection of Sprague Avenue and Barker Road. The cost for the improvements has been identified to be $365.50 per PM peak hour trip. 8. The Developer has identified 37 lots for single family dwellings in the low density residential zone as approved in the preliminary plat. Page 4 of the Trip Generation & Distribution Letter (TGDL) for the Development, dated October 22, 2015, states that 80 percent of the trips generated by the Development are anticipated to travel to/from the west of the Property via Sprague Avenue towards Spokane Valley. Figure 3 of the TGDL identifies 18 PM peak hour trips entering the property and 11 PM peak hour trips exiting the Property thereby traveling through the Sprague and Barker intersection totaling 29 PM peak hour trips entering/exiting the intersection of Sprague and Barker. Accordingly, the parties agree that Developer is responsible for $10,599 for mitigation ($365.50 per PM peak hour trip x 29 PM peak hour trips). 9. Pursuant to RCW 82.02.020, the City has the authority to allow a payment to mitigate a direct impact that has been identified as a consequence of a proposed development. The Parties (1) have identified future transportation improvements necessitated by the planned development of the Property; and (2) have identified a reasonable relationship between impacts generated by the development of the Property to the transportation system and the Developer's financial contribution toward those impacts. 10. To mitigate the direct impacts of the development of the Property upon transportation facilities as identified in the Study, the Parties are voluntarily entering into this Agreement pursuant to RCW 82.02.020. AGREEMENT NOW,THEREFORE,in consideration of the mutual covenants and conditions contained herein, the Developer and the City hereto agree as follows: 1. Voluntary Agreement. This Agreement, including all attached documents, is a voluntary agreement pursuant to RCW 82.02.020. The Developer's contribution is proportional to the traffic impacts created by the Developer's new development. In the event this Agreement is breached by the Developer,all of the City's obligations under this Agreement shall terminate. In the event this Agreement is determined by a court to be invalid, the City shall refund the Developer the unexpended portion of the voluntary mitigation fees,and the City's obligations under this Agreement shall terminate. 2. Projects. The project shall consist of improvements at the intersection of Sprague Avenue and Barker Road as deemed appropriate by the City of Spokane Valley, and may include a traffic signal or other necessary traffic control device(s). The voluntary mitigation fee shall be based upon the cost of the traffic signal. 3. Mitigation Contribution. The Developer agrees to pay $365.50 per PM peak hour trip to mitigate future traffic impacts resulting directly from development by the Developer at the intersection of Sprague Avenue and Barker Road. Page 4 of the Trip Generation & Distribution Letter (TGDL) for the Development, dated October 22, 2015, states that 80 percent of the trips generated by the Development are anticipated to travel to/from the west of the Property via Sprague Avenue towards Spokane Valley. Figure 3 of the TGDL identifies 18 PM peak hour trips entering the property and 11 PM peak hour trips exiting the Property thereby traveling through the Sprague and Barker intersection totaling 29 PM peak hour trips entering/exiting the intersection of Sprague and Barker. The total mitigation fee is $10,599.00 ($365.50 per PM peak hour trip x 29 PM peak hour trips). These voluntary mitigation fees have been determined to be the Developer's proportionate share contribution to the Project for mitigation of future traffic impacts related to the development of the Property by the Developer.This voluntary mitigation fee shall be used for the design and/or construction of the improvements to the Sprague Avenue and Barker Road intersection. 4. Payment. The Developer agrees to pay all of the above identified voluntary mitigation fees. Payment for Mica View impacts shall be paid within 30 days after receiving notice from the City. 5. Compliance with RCW 82.02.020. Payment collected by the City shall be held in a mitigation fee reserve account and may only be expended towards the design,right-of-way acquisition, and construction of the projects identified in the Study or as amended by the City. The City shall be entitled to reimbursement from the mitigation fee reserve account for any funds it may expend for the design and construction prior to the collection of the fees. The mitigation fee payment shall be expended by the City within five years from the date of payment by the Developer. The City shall be entitled to reimbursement from the mitigation fee reserve account for any funds it may expend for the design or construction prior to the collection of the fee. Any funds in the mitigation fee reserve account not expended within the five year period identified above shall be refunded by the City with interest as provided in RCW 82.02.020. 6. Notice. All communications, notices or demands of any kind which a party under this Agreement is required or desires to give to any other party shall be in writing and be either: (a)Delivered personally; (b) Sent by facsimile transmission with an additional copy mailed first class; or (c)Deposited in the U.S.mail,certified mail postage prepaid,return receipt requested and addressed as follows: If to the City: City of Spokane Valley 11707 East Sprague Avenue, Suite 106 Spokane Valley,WA 99206 Fax: (509)921-1008 Attn: City Manager After September 30,2017: 10210 East Sprague Avenue Spokane Valley,WA 99206 If to the Developer: Big Sky Homes do Travis Paske P.O.Box 147 Greenacres,WA 99016 7. Successors. This Agreement shall be binding on and inure to the benefit of the successors and the assigns of the Parties. 8. Governing Law. This Agreement shall be construed in accordance with the laws of the State of Washington. Venue shall be in Spokane County, State of Washington. All disputes arising under or related to this Agreement that cannot be resolved through informal discussion and negotiations shall be resolved by litigation filed in the Superior Court for Spokane County, unless otherwise required by applicable federal or state law. 9. Modifications. No modification or amendment of this Agreement shall be valid until the same is reduced to writing and executed with the same formalities as the present Agreement. 10. Waiver. No officer, employee, agent or otherwise of the City has the power, right or authority to waive any of the conditions or provisions to this Agreement.No waiver or any breach of this Agreement shall be held to be a waiver of any other or subsequent breach. 11. Representation. This Agreement forms a fully integrated agreement between the Parties. No other understandings, oral or otherwise,regarding the subject matter of this Agreement shall be deemed to exist or to bind any of the Parties hereto. All Parties have read and understand all of the Agreement, and now state that no representation, promise or agreement not expressed in the Agreement has been made to induce any Party to execute the same. 12. Authority. Both Parties to this Agreement represent and certify that they have full authority and power to enter into and carry out this Agreement. The persons signing this Agreement represent that they have authority to act for and bind their respective principals. ,i uted this /3 day of December,2016. DE : , it 'ER: By: Its: leV1e Name: STATE OF WASHINGTON ) )ss. County of Spokane ) 13 / � On this_day of /-eGP�fl 2016 before me, the undersigned, a NotaryPublic in and for the State of Washington,duly commissioned and sworn,personally appeared 1rn.x�tS \- J -&. to me known to be the y of Skti ,S 4, ()tuc c5p v k (•.L.L , the corporation that executed the foregoing instrument, and acknowledged the instrument to be the free and voluntary act and deed of the corporation,for the uses and purposes therein mentioned,and on oath stated that he is authorized to execute the instrument. WITNESS my hand and official seal hereto affixed the day and year in ' ertificate above written. NOTA•Y PU C,in and for the State of Washington, residing at �pi�ezete CG-t-7pi My commission expires: 0 G+, la 1 ZO Z G 44 I tO Son 'dei rner3 Printed Name CITY OF SPO V LEY: Mar alhoun,City Manager ATT. :T/ APPR•VED AS TO FORM: ...„'stine Bainbridge,City Clerk Offic. of the City Attorney ., .• •.st: . . • ,.. ?, •• '�t,(13.447 • s ;ca •r : - :irk:. • �•• ••