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HomeMy WebLinkAboutVan's Properties I LLC Deferral AgreementFILED FOR RECORD AT REQUEST OF: City of Pasco, Washington AFN # 1811806 PRAG 021261204 03:,00PM WHEN RECORDED RETURN TO: 6 Page(s) Auditor City of Matt Beaton, Franklin Co.. VA North 3rd 525 North 3rd Pasco WA 99301 Tax Parcel No. jl j DEFERRAL AGREEMENT FOR INFRASTRUCTURE IMPROVEMENTS THIS DEFERRAL AGREEMENT entered into this 10 day of 2014, by and between the City of Pasco, Washington, a municipal co ration, hereinafter referred to as "City ", and Van 'f Simko T Gr i t eS r ae , hereinafter referred to as "Owner." WHEREAS, the City is obligated under the State Growth Management Act to ensure that the City's transportation and utility systems will be adequate to serve current and future development, without causing the level of service to decline below the standards established by the City resulting in each development being required to construct that portion of the transportation and utility infrastructure as may be necessary to serve that property at the time of permitting; and WHEREAS, Owner is the record owner of the real property located within the City of Pasco, Washington, legally described as follows: Boston Addition All Block I & Block 2 lying easterly of Washington State Highway Right -of -Way #260341 together with/ vacated Clifton Street. WHEREAS, Owner has sought the approval of a development permit for such property which would include the construction of infrastructure improvements as required by PMC 12.36.050 described hereinafter; and WHEREAS, the Owner has requested a deferral of such improvements and the Director of Public Works for the City has determined that the installation of improvements required for the development could be safely, effectively, and efficiently Deferral Agreement - I a�r�� implemented if done concurrently with the installation of improvements required for other developments in the same vicinity; and WHEREAS, as a condition of granting this deferral of improvements, the Owner agrees to install such improvements within the deferral period as provided below, or by participating in a local improvement district, or other similar type of district formed by the City for the construction of these improvements. NOW, THEREFORE, in consideration of the mutual covenants contained herein, it is agreed as follows: 1. The City hereby defers the installation by the Owner of the following described improvements affecting that real property described above: Half street improvements on the north side of James Street which will include, but are not limited to: 28 -foot wide pavement for the street widening, curb & gutter, storm drainage, sidewalks, landscaping, and street lights. The City grants the following permits: Building Permit for new steel building at 1625 E James Street. 2. In consideration of the grant of the above permits and deferral of the above - described improvements, the Owner shall locate and construct the deferred improvements, within the deferral period, in accordance with the City standards in effect at the time the improvements are to be constructed. 3. Deferral Period. The deferral period shall commence upon the effective date of this Agreement and terminate ten (10) years thereafter, unless earlier terminated by the City upon notice to the Owner of the determination by the Public Works Director that current development of such improvements are required on nearby properties; condition present constitutes a significant risk to public safety which can be mitigated by such improvements; or the formation of a local improvement or similar district. 4. Upon expiration or termination of the deferral period, the City shall provide Owner notice of the required construction of the deferred improvements, including the time for completion of the improvements. The Owner shall initiate installation of the deferred improvements within sixty (60) days of the date of such notice. Installation shall be completed within a reasonable time as determined by the Director of Public Works (or designee) and thereafter be subject to inspection and acceptance by the City. Deferral Agreement - 2 5. In the event Owner fails to construct the deferred improvements or fails to complete construction of the deferred improvements within the time provided above, the City shall have the right to enter into the property and construct or complete the construction of the required improvements, with the actual costs of such improvements being assessed against the Owner. Such assessment for costs shall constitute a lien against the property as provided in RCW 35.80.030 (1) (h). In the event a local improvement district, or other similar improvement district, is organized to construct the improvements described in this Agreement, Owner hereby waives any and all rights to protest the creation by the City of a local improvement district or other similar district to construct the above- described improvements, insofar as said improvement district includes within its area the above - described property and to the extent that said improvements benefit the property above described. Owner further agrees that if the City includes within a project not supported by an improvement district the above - described improvements, Owner, its transferees and any successors in interests hereby agree to participate in said project by paying their fair share thereof. 6. Owner hereby grants and conveys to the City through its City Manager (or designee), a special power of attorney to exercise any and all rights held by Owner its heirs, assignees, transferees or successors in interest, including any purchaser, mortgage holder, lien holder or other persons who may claim an interest in the above - described real property, to commit said property to an improvement district which includes within its area the above - described property and covers the improvements described above. This power of attorney is granted in consideration of the approval hereby given by the City described above, and shall be a power coupled with an interest which may not be terminated except at such time as the above approval be withdrawn or rescinded by the City. This Agreement constitutes a waiver of protest as provided by RCW 35.43.182. 7. This Agreement touches and concerns the real property described above and hereby binds Owner, and its assignees, heirs, transferees, donees, and/or successors in interest to said property. This Agreement shall be recorded in the Franklin County Auditor's Office, by the City, and the terms and conditions of this Agreement shall run with the land. The Owner shall bear the cost of recording this document with the Franklin County Auditor, and shall provide said payment of costs to the City at the time of submittal of the deferral request. Deferral Agreement - 3 8. For the purpose of this Agreement, time is of the essence. Should any dispute arise concerning the enforcement, breach or interpretation of this Agreement, the parties shall first meet in a good faith attempt to resolve the dispute. In the event the dispute is not resolved, it shall be resolved by binding arbitration pursuant to RCW 7.04A, as amended, and the Mandatory Rules of Arbitration (MAR); and venue shall be placed in Franklin County, Washington, the laws of the State of Washington shall apply, and the prevailing Nty shall be entitled to its reasonable attorney fees and costs. DATED this � day of 2014. OW t- . - APPR Z70 FORM: Leland B. Kerr, City Attorney Deferral Agreement - 4 OWNER STATE OF WASHINGTON) ss. County of Franklin ) On this I ay of 2014, personally appeared before me for the City of Pasco, Washington, des . ed iA and who executed the kithin and foregoing instrument, and acknowledged he /she signed the same as his/her free and voluntary act and deed for the uses and purposes therein mentioned GIVEN under my hand and official seal this day 2014. �� � �oii fa�ia� .• �. 2 �y y8 •:• o is •(P� ; Residing at My Commission STATE OF WASHINGTON ) 5`Ka+.1 1 t : ss. County of Frw fd" ) and of Washington On this tl day of Fe 6 . 2014, personally appeared before me grtj V p kfteA described in and who executed the within and foregoing instrument, and acknowledged he /she signed the same as his/her free and voluntary act 5 . and deed for the uses and purposes therein mentioned S y a,..? op? SC d 4 /t vie U4tn 'S F'ope-r4t,t4 -- 1-1-c GIVEN under my hand and official seal this t day of 2014. N ` �R , , i Z NOTARY PUBL C in and fo the State of Washington �v a Residing at o Pugs ,%'j U, s My Commission Expires _ Z - i - I LI 111'g1EOF�.�` Deferral Agreement - 5