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21-112.00 Snow & Cordill I-90 Investments: Mirabeau Subarea I-90 Flex Voluntary Mitigation Agreement Contract No. 21-112 VOLUNTARY MITIGATION AGREEMENT-I-90 Flex Snow& Cordill I-90 Investments,LLC This Voluntary Mitigation Agreement ("Agreement") is entered into between Snow & Cordill 1-90 Investments, LLC, its successors and assigns ("Developer"), a Washington limited liability company, having offices at 8120 E. Maringo Drive, Spokane, WA 99212,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 voluntary financial contribution toward future transportation improvements that mitigate 21 PM Peak Hour Trips generated from the proposed development in the Developer's commercial site plan for the Snow's Auto Care Center in the Mirabeau Subarea of Spokane Valley. 2. Developer is the owner/developer of certain real property generally located in the Mirabeau Subarea at 12620 East Indiana Avenue(parcel45103.0252)as shown on Exhibit B (herein collectively referred to as "Property"). 3. Developer is proposing to renovate the existing 8,875 sf building as an auto care center(the"Project") on the Property. 4. The Property and Project are located in area subject to the Mirabeau Infill Area as identified in SVMC 21.20.040(CX3). 5. The Property and Project have been included in the Mirabeau Subarea Study Update completed in December, 2019(the"Study").The Study is attached to this document as Exhibit"A". 6. The Study has identified that the Property and Project will contribute to congestion along the Mirabeau Parkway, Indiana Avenue,Trent Avenue,and Pines Road Corridors requiring traffic mitigation to achieve transportation concurrency. 7. Pursuant to the Study,the Developer's required contribution to mitigate intersection congestion associated with the Property and Project is$11,718 based on the 21 PM Peak Hour Trips from the Project multiplied by a cost per PM Peak Hour trip of$558. 8. Pursuant to SVMC 21.20.040(C)(3)and 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. Through the Study,the City has identified seven intersection deficiencies that arose as a direct result from development in the Mirabeau Subarea, including the Project. The Parties have agreed that the mitigation identified herein is reasonably necessary to mitigate the direct impacts from the Project. 9. To mitigate the direct impacts of the development of the Property upon the affected corridors 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 agree as follows: Contract No. 21-112 7. Concurrencv: In accordance with the City's currently adopted concurrency standards and pursuant to chapter 36.70A RCW, the PM peak hour trips mitigated herein shall be considered to have satisfied concurrency for the development of the Property. 8. 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 10210 East Sprague Avenue Spokane Valley, WA 99206 Phone: (509)720-5000 Attn: City Engineer If to the Developer: Snow&Cordill I-90 Investments, LLC do Cary Snow 8120 E Maringo Drive Spokane, WA 99212 9. Successors. This Agreement shall be binding on and inure to the benefit of the successors and the assigns of the Parties. 10.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. 11. 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. 12. 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. 13. 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. Contract No. 21-112 1.Voluntary Agreement. This Agreement, including all attached documents, is a voluntary mitigation agreement pursuant to RCW 82.02.020,the Mirabeau Infill Development regulations, SVMC 21.20.040(C),and RCW 43.21C.229. The Developer's contribution is proportional to the impacts created by the Developer's proposed development within the Study area. In the event of a material breach by the Developer of this Agreement, which is not cured within 60 days of written notice of breach, all of the City's obligations under this Agreement terminate, except as may otherwise be provided herein. In the event this Agreement terminates due to a judicial finding of invalidity,material breach,or otherwise,the City shall immediately refund the Developer for any mitigation payments unused by the City and the City's obligations under this Agreement shall terminate. 2. Projects. The Study identifies intersection improvement projects at seven locations as identified below to mitigate impacts from future development and maintain acceptable LOS. Specific project details and estimates are discussed in the Study. Modifications or additions to the above referenced projects may be made by the City based on future traffic patterns or unforeseen circumstances at no additional cost to the Developer. • Pines Rd/Indiana Ave • Sullivan Rd/Mission Ave • Pines Rd/I-90 EB Ramps • Pines Rd/Sprague Ave • Pines Rd/Mission Ave • Argonne Rd/Trent Ave • Mirabeau Pkwy/Mansfield Ave 3. (A)Mitigation Contribution.The Developer agrees to pay$558 per PM peak hour trip as a reasonable and proportionate amount to mitigate future traffic impacts resulting directly from development by the Developer. This contribution shall fully satisfy traffic mitigation up to the total allotted 21 PM peak hour trips as determined pursuant to applicable TGDLs at the time of development. Although the Study identified the 1,973 PM peak hour trips allocable to the area, the Developer shall only be responsible for the actual total number of PM peak hour trips from the Project. Any additional development or trips shall be subject to additional mitigation. This Agreement covers the allocation of 21 PM peak hour trips and associated mitigation costs per PM peak hour trip. 4. Payment. The Developer agrees to pay all of the above identified voluntary mitigation fees prior to issuance of the building permit. 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 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 capital improvement identified in the study prior to the collection of the fees. The mitigation fee payme nt shall be expended by the City within five years from the date of payment by the Developer. 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. Source of Mitigation Fees. The City is authorized to collect impact fees pursuant to chapter 43.21 C RCW, chapter 21.20 SVMC, including SVMC 21.20.040(C), and chapter 22.20 SVMC. The mitigation fees collected from this agreement shall be used for capital improvements namely, the seven intersections identified in the Mirabeau Subarea Study,which are directly impacted by the proposed development. This mitigation fee may be used for design,right-of-way acquisition,and/or construction of improvements at the intersections. Contract No. 21-112 14. 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. 2dZ1 Executed this L / day of S h(y , [year]. DEVELOPER: By: Its: /��.,n� c Name: STATE OF WASHINGTON ) )ss. County of Spokane ) On this4lay of 2021 before me,the undersigned,a Notary Public in and for the State of Washington,dull commissioned and sworn,personally appeared to me known to be the rn of S b-eV o n l ,the corporation that exec ed the foregoing instrument, and ackno'v1edged 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 this certificate above wren. ,r6cb OTA' 'U LIC, in and for the State of ashington,residing at Va\i/vaY1. I�a q My commission expires: . \ - L Printed Name CANDICE P HENDERSON NOTARY PUBLIC#191323 STATE OF WASHINGTON • COMMISSION EXPIRES APRIL 9, 2025 CITY OF SPOKANE VALLEY: r- ark Calhoun,City Manager g A r FEST: APPROVED AS TO FORM: C stine Bainbridge,City Clerk Office o e City A orney