HomeMy WebLinkAboutAdden 01 ' "G-04-003 , Adden #1-08
AMENDMENT ONE
TO THE
PARK AND RIDE GARAGE AGREEMENT
Between the
City of Renton and King County
This Amendment One to the Park and Ride Agreement between the City of Renton and
King County is entered into this ZZ day of 5&& A ev- , 2008 by and between THE
CITY OF RENTON ("Owner"), and KING COUNTY, acting through its Department
of Transportation ( "KCDOT").
WHEREAS, the City and KCDOT executed an Agreement on June 1, 2004,
("Agreement"), to permit transit and rideshare commuters the use of a portion of the
"Owner's"property for a park and ride lot; and
WHEREAS, there is a need for the County to expand the number of commuter
parking spaces to serve transit customer ridership; and
WHEREAS, excess parking is currently available in the garage.
NOW THEREFORE, in consideration of the mutual terms and covenants herein
and in the Agreement, the sufficiency of which is hereby acknowledged, the parties
hereto agree to the following:
Section One. Section 2 (Payment) of the Agreement is amended to read as follows:
In consideration of"KCDOT" paying the sum of Fifteen Dollars and 00/100's ($15.00),
per parking space per month, the "Owner" agrees to allow commuters to use 250 parking
spaces located on the "Premises" located on floors 4, 5, 6 and 7 and as shown in Exhibit
A of the Agreement, under the terms and conditions stated herein. Concurrent with the
execution of this Amendment and each quarter thereafter, until the Agreement is re-
negotiated or terminated, "KCDOT" agrees to pay the sum of Fifteen Dollars and
00/100's ($15.00) per space per month for 250 parking spaces, totaling Eleven Thousand,
Two Hundred Fifty Dollars and 00/100's ($11,250.00) to be paid on a quarterly basis.
"KCDOT" agrees to make payment in advance of Three Thousand Dollars and 00/100
($3,000.00), and will pay the remaining Eight Thousand, Two Hundred Fifty Dollars and
00/100's ($8,250.00) following the conclusion of each quarter. The parties agree that
said payment is complete and full and that no further amount shall be due for any wear,
maintenance or damage accruing to the "Premises". No fee shall be charged to
commuters for parking in the garage under the terms and allowable time periods covered
by this Agreement unless mutually agreed to by the Owner and KCDOT in writing prior
to imposing said fees.
City of Renton/King County Amendment
Renton City Municipal Garage Parking Agreement
Page 1 of 2
love *490,
Section Two. All other provisions of the Agreement not referenced in this Amendment
shall remain in effect.
IN WITNESS WHEREOF, the parties have executed this Amendment One on the dates
set forth below.
KING COUNTY, METRO TRANSIT DIVISION
By: � y Date: lL as
Kevin Desmond, General Manager
King County Metro Transit Division
THE CITY OF RENTON
By: Date:
Denis Law
Mayor
�
Attest: ➢(.1,fJyt�l,c,G (t)a *'
Bonnie I . Walton , City Clerk
City of Renton/King County Amendment
Renton City Municipal Garage Parking Agreement
Page 2 of 2