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HomeMy WebLinkAbout11-120.01HansonIndustriesIncSullivan/IndianaMitigationAgreementLJ 0 C011-120.01 AMENDMENTt' TO DEVELOPMENT AGREEMENT No. COIL-120 For good and valuable consideration, the legal sufficiency of which is hereby acknowledged, the City of Spokane Valley ("City"), a municipal corporation of the State of Washington, and Hanson Industries, Inc. ("Developer"), a Washington corporation, having offices for the transaction of business at 15807 East Indiana, Spokane Valley, WA 99216, hereby agree to amend the Development Agreement No. C011-120 executed by the Developer and City on or about April 5, 2011 ("Developer Agreement") and attached hereto as Exhibit 1. The Developer and City are jointly referred to herein as "Parties." I. R-PCITAIN. A. On or about April 5, 2011, the Parties entered into the Development Agreement attached hereto as Exhibit 1 to mitigate direct impacts identified as consequences of the Developer's development of the real property ("Project") identified therein. B. In consideration for Developer's completion of transportation -related improvements and/or financial contributions to mitigate traffic impacts of development, the Development Agreement vested the Developer with 2,214 banked P.M. Peak Hour trips that the Project could generate without Developer paying additional traffic mitigation fees ("Vested Trips"). C. The Development Agreement provides that all unused Vested Trips will expire on December 31 ,2025. D, Due to economic and other factors outside of Developer's control, Developer has 765 unused Vested Trips remaining that Developer is unable to implement prior to expiration of the same on December 31, 2025, E. The Parties desire and agree to amend the Development Agreement to delay expiration of the remaining Vested Trips until December 31, 2032, 11. AMENDMENT TO DEVELOPMENT AGREEMENT No. COII-120 ("Amendment"). 1, Developer and City hereby amend the Development Agreement by removing and replacing the reference to "December 31, 2025", located in the second to last sentence of Section 6 (titled "Extension of time for banked P.M. Peale Hour trips"), with "December 31, 2032." 2. The Parties agree to continue to abide by those terms and conditions of the Development Agreement and any amendments thereto which are not specifically modified by this Amendment to Development Agreement No. C011-120 ("Amendment"). 0 3. This written Amendment, inclusive of those terns and conditions of the Development Agreement and amendments thereto which are not specifically modified by this Amendment, constitute the entire and complete agreement between the Parties and supersedes any prior oral or written agreements. This Amendment and Developer Agreement may not be changed, modified, or altered except in writing signed by the Parties hereto. The Parties have executed this Amendment to the Development Agreement this -77"'l day of November, 2025. CITY Or SPOKANE VALLEY: City Manager APPROVED AS the City Attorney FIANSO R«• Bob Bole Its: President Exhibit 1 2 DEVELOPMENT AGREEMENT Hanson Industries, Inc. This Development Agreement ("Agreement") is entered into by and between Hanson Industries, Inc. ("Developer"), a Washington corporation, having offices for the transaction of business at 15807 East Indiana, Spokane Valley, WA 99216, 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 36.70B.170-2I0 and RCW 82.02.020 to mitigate a direct impact identified as a consequence of the development of certain properties as described in Recital 2, below. 2. Developer is the owner/developer of certain real property generally located within an area bounded by Flora Road to the east; Interstate 90 (I-90) to the south; the Spokane River and Indiana Avenue to the north; and the intersection of Mirabeau Parkway and Indiana Avenue to the west shown on Exhibit A (herein collectively referred to as "Properties"). The individual Properties are commonly known as Hanson Center East, Hanson Center West, MarketPointe I and MarketPointe II. 3. Since 1997, and pursuant to the Agreements and Resolutions identified in Recital 4, below, Developer has performed the following transportation -related improvements or contributed financially to mitigate traffic impacts due to development of the Properties: • Dedicated right-of-way (ROW) for the widening and construction of Sullivan Road north of I-90 to the Spokane River Bridge; • Dedicated ROW and installed the loop ramps off I-90 Westbound at Sullivan Road and Westbound to 1-90 behind Barnes & Noble Booksellers store. The dedicated ROW, east of Sullivan Road, was later used for the revised westbound Sullivan Loop ramp project to increase capacity for westbound traffic; • Dedicated ROW and widened Indiana Avenue between Sullivan Road and the westerly join line of the existing Indiana Avenue; • Dedicated ROW for construction of the new Indiana Avenue, which included additional land for the alignment of Mirabeau Parkway and Indiana Avenue; • Upgraded traffic signals and constructed an additional right turn lane from northbound Pines Road at the intersection of Pines Road and Indiana Avenue; • Contributed to the intersection of Sullivan Road and Indiana Avenue signals; • Constructed new Indiana Avenue between Sullivan Road and its easterly terminus (eastern boundary of Hanson Center East); Page l of 7 (�0[1- I�,o 0 El • Dedicated ROW and participated financially in the Evergreen Interchange improvements; and • Contributed $200,000 for the extension of Indiana Avenue to Flora Road. 4. The following Agreements and Resolutions gave Developer 4,186 vested P.M Peak Hour traffic trips for transportation concurrency purposes as required by RCW 36.70A.070 for a period of 15 years ending on March 9, 2015: • Spokane County Resolution No. 98-0829 dated October 18, 1998; • Satisfaction of Conditions Agreement dated November 19, 1998 ("Satisfaction Agreement"); • Addendum to First Agreement dated March 9, 2000 ("Addendum Agreement" — Authorized under Spokane County Resolution No. 99-1135; and, • Development Agreement dated March 9, 2000 ("Development Agreement") — Authorized under Spokane County Resolution No. 99-1135. The validity of these prior Agreements and Resolutions is acknowledged by the parties. 5. Due to the recent economic downturn and other factors Developer has 1,853 unused vested P.M. Peak Hour traffic trips that will expire on March 9, 2015. Further, several of the vested parcels remain undeveloped and a portion of the vested P.M. Peak Hour trips will expire before the full build -out of the properties. 6. Developer has requested that the expiration date of the banked traffic P.M. Peak Hour trips be extended to December 31, 2025 and that 361 additional traffic P.M. Peak Hour trips vest for concurrency purposes as allowed by RCW 36.70A.070 and Spokane Valley Municipal Code ("SVMC") Title 22.20. The Developer is vested with all P.M. Peak Hour trips for use for the Developer owned Properties for development actions. The Developer shall have the right to transfer such P.M. Peak Hour trips in its sole discretion for development actions within the Properties subject to the limitations described in Section 6 of this Agreement. 7. The Spokane Valley Comprehensive Plan (the "Comprehensive Plan") contemplates that the City will improve the intersection of Indiana Avenue and Sullivan Road through the Indiana/Sullivan Concrete Intersection project (hereinafter "the Sullivan Intersection Project") scheduled for 2011, and the Sullivan Road West Bridge Replacement project (hereinafter "the Sullivan Bridge Project"), which is currently scheduled to be completed by 2015. 8. The City has determined that modifications to the south portion of the Indiana Avenue and Sullivan Road intersection, to be done with the Sullivan Intersection Project, and the modifications to the north half of the intersection, to be done with the Sullivan Bridge Project, will mitigate traffic impacts from the Properties and others in the vicinity and allow for additional P.M. Peak Hour trips for concurrency purposes as required by RCW 36.70A.070 and SVMC Title 22.20. 9. Developer has agreed to contribute financially in the amount of $1,368 for the Sullivan Intersection Project and to dedicate up to 2,204 square feet of ROW on the northwest corner of the Sullivan Road/Indiana Avenue intersection for the future modification of the north half of this intersection. This future work is anticipated to be part of the Sullivan Bridge Project. Page 2 of 7 0 0 10. This Agreement is consistent with the Comprehensive Plan, the applicable development regulations and the 2011 adopted Council Goals. 11. This Agreement provides for the payment of a proportionate share of the improvements deemed necessary at the intersection of Sullivan Road and Indiana Avenue, which are a direct result of traffic impacts associated with the Properties. AGREEMENT NOW, THEREFORE, in consideration of the mutual covenants and conditions hereafter set forth, the Developer and the City hereto agree as follows: 1. Purpose. This Agreement is intended to amend and supplement the prior Agreements and resolutions set forth in Recital 4, above. All prior agreements not inconsistent with the terms of this Agreement shall remain in full force and effect. 2. Voluntary Agreement. This Agreement, including all attached documents, is a voluntary agreement as that term is used in RCW 82.02.020 and RCW 36.70B.170-210. The contribution offered is proportional to the traffic related impacts generated by the Development and mitigates a direct impact that has been identified as a consequence of the proposed development. In the event this mitigation Agreement is breached by the Developer, all of the City's obligations under this Agreement shall terminate. In the event this mitigation Agreement is determined by a court to be invalid, the City shall refund the unexpended portion of the contribution, and the City's obligations under this Agreement shall terminate, however; the Developer's rights regarding the vested P.M. Peak Hour trips for the Properties revert back to the Agreements, referenced in Recital 4, above. 3 Project. There are two projects associated with this agreement. The 2011 Sullivan Intersection Project will modify the south half of the Sullivan Road and Indiana Intersection to add turn and through capacity. The Sullivan Bridge Project will add turn and through lane capacity by modifying the north half of the intersection. The mitigation fee shall be based upon the construction costs for the Sullivan Intersection Project. 4. Contribution. The Developer shall in addition to amounts previously agreed to, pay $1,368. This contribution will be used in the Sullivan Intersection Project. The Developer also agrees to dedicate up to 2,204 square feet of additional right-of-way as measured from Sullivan Road westward at the northwest corner of the intersection (Parcels 45114.0205 and 45116.0213) shown on Exhibit B for construction of future improvements as part of the Sullivan Bridge Project 5. Payment The Developer agrees to pay all of the above -identified contribution at such time the City deems necessary. Payment shall be made within 30 days after receiving notice from the City. 6. Extension of time for banked P.M. Peak Hour trips — The Developer entered into a developer agreement on March 9, 2000 with Spokane County whereby Spokane County acknowledged the considerable infrastructure improvements, ROW donations, and cash Page 3 of 7 contributions by Developer, and contractually agreed that Developer shall have reserved for future concurrency purposes 4,186 P.M. Peak Hour trips for a period of 15 years, expiring March 9, 2015. The parties acknowledge that many of the P.M. Peak Hour trips identified in the March 9, 2000 developer agreement have already been used, and that as of the date of execution of this Agreement, 1,853 vested P.M Peak Hour trips remain. The Developer is vested with all the P.M. Peak Hour trips for use for the Developer owned Properties for development actions. The Developer shall have the right to transfer such P.M. Peak Hour trips in its sole discretion for development actions within the Properties subject to the trip distribution shown on Exhibit C. P.M. Peak Hour trips must be used in the designated east, west, and MarketPointe 1/II areas and cannot be re -allocated without the developer performing a new traffic impact analysis with a scope that is appropriate for the circumstances. In the event that P.M. Peak Hour trips are not used for MarketPointe I/II, the remaining P.M. Peak Hour trips for this area will revert 70 percent to the west area and 30 percent to the east area. In consideration for the additional monetary and ROW contributions set forth in Section 3, above, City agrees to extend the time under which those P.M. Peak Hour trips are available for concurrency purposes from March 9, 2015, to December 31, 2025 and allow an additional 361 vested P.M. Peak Hour traffic trips. Any development project on the Properties must fully utilize the trip bank, vested through this Agreement, before claiming any additional capacity. 7. Future Traffic Analysis and Development. The P.M. Peak Hour trips allocated to Developer shall be considered vested pipeline projects for any traffic analysis conducted for other development projects in the area. Additional intersection capacity beyond the vested P.M. Peak Hour trips shall be used on first -come, first -served basis by the general public. 8. Compliance with RCW 82.02.020. Payment collected by the City will be held in a mitigation fee reserve account and may only be expended to fund the design, right-of-way acquisition, and construction of the Sullivan Intersection Project. Payments shall be expended within five years of collection. The City shall be entitled to reimbursement from the mitigation fee reserve account for any funds it may expend for the design, right-of-way acquisition, and construction of the Sullivan Intersection Project prior to the collection of the fee. Any funds in the mitigation fee reserve account not expended within five years shall be refunded by the City with interest as provided in RCW 82.02.020. 9. Reservation of Authority. Pursuant to RCW 36.7013.170 the City reserves the authority to impose new or different regulations to the extent required by a serious threat to public health and safety. 10. 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: (1) Delivered personally, (2) Sent by facsimile transmission with an additional copy mailed first class, or (3) Deposited in the U.S. mail, certified mail postage prepaid, return receipt requested and addressed as follows: Page 4 of 7 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 If to the Developer: Hanson Industries 15807 East Indiana Avenue Spokane Valley, WA 99216 Fax: (509) 922-5757 11. Successors. This Agreement shall be binding on and inure to the benefit of the successors and the assigns of the Parties. 12. Governing Law. This Agreement shall be construed in accordance with the laws of the State of Washington. Any action for enforcement of this Agreement shall be brought in a court of competent jurisdiction in Spokane County, Washington or as otherwise provided by statute. 13. 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. 14. 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. 15. 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. 16. 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. Page 5 of 7 IN WITNESS WHEREOF, the Parties have executed this Agreement this ,rday of 2011. DEVELOPER: By: / / Its: President Name: Robertoyle 6 STATE OF WASHINGTON ) ss. County of Spokane On this day of AL? ,-I ( 2011 before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared 7f2-01x,Q_7- 1 e- to me known to be the _P'c=5 VA- of SD LAZ '- C . the corporation that executed the foregoing instrument, and acknowledge 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. written. WITNESS my hand and official seal hereto affixed the day and year in this certificate above It111111#011 ♦%%�,%NE M .• %gSiON �c •. � U:G O • NOTARY e z p : PUBLIC o: •••..B-25-1A.••• WASNN�,�♦ /1►1111111� NOTARY PUBLIC, in Itid or the State of Washington, residing at )A off expires: p commission ex i- i 4 My L+.e-s-r-oj� Printed Name Page 6 of 7 50 El CITY OF SPOKANE VALLEY: Mike Jackson, City Manager ATTEST: APPROVED AS TO FORM: Chris Bainbridge, City , erk Office of the City Attorney Page 7 of 7 OON .� Q U 7 Q W Flora Bridge o Flora Rd FI ra Rd N W � :2 C �. Q W C O '^ w CO Sull an Rd O � A !f � 3 rn Adams Rd CO CO p cO 1 Q • ,u _ Evergreen Rd X C S xIV W J 0 M�cae � Q m Q o N McDonald Rd McDon Id Rd � w c c� N I ---L� F U I N LL-U W I ci W I M d Q MY NWA177l1S I w Now VJ N Ck� Q _ i N 1 o, W Liu - f-- , V) �m � =i / � � ! X � / U :�� w z '-'-' W / J J JZ� / W Z= �, ! ��O / d m 4Z_ ! J w �vwi� % ZM W z� i ! COU) j WO% N N L�IfL ! D Ln0 / I W� ! Z 04 O Q % �� H I ! WC� / LLJ a �t �J�� ! < Ln I ¢ � I w j o 2U,1 a I I • Exhibit C Vested Traffic Trip Distribution Hanson Property Name ...Vested PM Peak Hour. Hanson Center East `` ` " :1,255 Hanson Center West ' ° ''` 846 Market Pointe UII ,. . Total - 2,214