HomeMy WebLinkAboutAdden 05 "✓ LAG-04-003, Adden #5-12
AMENDMENT FIVE (5) TO THE PARK AND RIDE GARAGE AGREEMENT
Between the City of Renton and King County
This Amendment 5 to the Park and Ride Agreement between the City of Renton
("Owner") and King County, acting through its Department of Transportation ("KCDOT") is
entered into this Is4- day of May,ch , 2012 ("Amendment 5").
WHEREAS, the Owner and KCDOT executed an agreement on June 1, 2004 ("Original
Agreement") to permit transit and ride share commuters use of a portion of the Owner's property
for a park and ride lot; and
WHEREAS, the Owner and KCDOT executed Amendment 1 to the Original Agreement
on October 22, 2008 ("Amendment 1") to expand the number of commuter parking spaces to
serve transit customer ridership and modify the compensation under Section 2 (Payment) of the
Original Agreement; and
WHEREAS, the Owner and KCDOT executed Amendment 2 to the Original Agreement
on November 24, 2008 ("Amendment 2") to extend the Term to December 31, 2009; and
WHEREAS, the Owner and KCDOT executed Amendment 3 to the Original Agreement
on December 31, 2009 ("Amendment 3") to extend the Term to December 31, 2010; and
WHEREAS, the Owner and KCDOT executed Amendment 4 to the Original Agreement
on December 31, 2010 ("Amendment 4") to extend the Term to December 31, 2011; and
WHEREAS, the Original Agreement, Amendment 1, Amendment 2, Amendment 3 and
Amendment 4 are hereafter collectively referred to as the "Agreement;" and
WHEREAS, the parties now desire to extend the Term of the Agreement for an
additional one (1) year period to expire on December 31, 2012; and
NOW, THEREFORE, in consideration of the mutual terms and covenants herein and in
the Agreement, the parties hereto agree to the following:
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SECTION 1. Section 3 (Term) of the Original Agreement is hereby deleted in its
entirety and is replaced as follows:
This Agreement shall be in full force and effect and binding upon the parties hereto
beginning June 1, 2004 and shall continue thereafter until it expires on December 31,
2012, unless the parties execute a subsequent amendment prior to that date that extends
the termination date.
SECTION 2. In the event that KCDOT desires to increase the number of
commuter parking spaces, the parties agree to negotiate in good faith to increase the number of
commuter parking spaces from the current Two Hundred (200) up to an additional Fifty (50) for
a total of Two Hundred Fifty (250) spaces. The parties understand and agree that neither party is
obligated under this Section unless and until the parties are able to reach an agreement with
respect to the total number of spaces (not to exceed an additional 50 commuter parking spaces)
and the associated additional payment for the use of each commuter parking space.
SECTION 3. All terms and conditions of the Agreement not amended by this
Amendment 5 shall remain in full force and effect and are hereby ratified and re-confirmed. To
the extent any term(s) and/or condition(s) of the Agreement conflicts with any term(s) and/or
condition(s) of this Amendment 5, the term(s) and/or condition(s) of this Amendment 5 shall
control.
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IN WITNESS WHEREOF, the parties have executed this Amendment 5 on the date set
forth below.
KING COUNTY METRO TRANSIT DIVISION
By: / / �) ►I)�
Kevin Desmond, General Manager Date
King County Metro Transit Division
CITY OF RENTON
By: 43112—
D n
Law, Mayor Date
ATTEST:
Bonnie L Walton, City Clerk
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