Loading...
HomeMy WebLinkAboutContract CAG-06-163 Imo GCA 4894 WSDOT/CITY OF RENTON SPRINGBROOK CREEK WETLAND AND HABITAT MITIGATION BANK AGREEMENT THIS Springbrook Creek Wetland and Habitat Mitigation Agreement (AGREEMENT) is entered into by and between the CITY OF RENTON, a municipal corporation, hereinafter referred to as the (CITY) and the STATE OF WASHINGTON, DEPARTMENT OF TRANSPORTATION, hereinafter referred to as (WSDOT), collectively referred to as the (PARTIES) and individually referred to as the (PARTY), regarding the establishment, use, operation, and management of the Springbrook Creek Wetland and Habitat Mitigation Bank, herein referred to as (BANK). WHEREAS, the PARTIES desire to create the BANK for use as compensatory mitigation for unavoidable adverse impacts to waters of the United States, including wetlands, and to aquatic habitat, and WHEREAS, the PARTIES have developed the Springbrook Creek Wetland and Habitat Mitigation Banking Instrument, hereinafter (INSTRUMENT) and by this reference made a part of this agreement, that establishes the site-specific conditions, standards, and procedural requirements applicable to.the BANK, and WHEREAS, the INSTRUMENT has been approved by the US Army Corps of Engineers, US Environmental Protection Agency, US Fish and Wildlife, and the Washington State Department of Ecology, collectively identified hereinafter as the Bank Oversight Committee(BOC), and WHEREAS, the US Army Corps of Engineers and the Washington State Department of Ecology are further identified as the CHAIRS of the BOC, and WHEREAS, the PARTIES have entered into a Memorandum of Agreement, hereinafter (MOA), attached as Exhibit A and by this reference made a part of this agreement, with the CHAIRS to specify responsibilities for the establishment, use, operation, and management of the BANK, and WHEREAS, the PARTIES have agreed to establish and operate the BANK in accordance with the terms and conditions outlined in the MOA, and WHEREAS, the PARTIES desire to further identify and clarify each PARTY's roles and responsibilities related to the BANK, and WHEREAS, pursuant to Chapter 39.34 RCW, the Interlocal Cooperation Act, the PARTIES are each authorized to enter into an agreement for cooperative action, GCA 4894 PAGE 1 OF 17 troo *of NOW THEREFORE, the PARTIES agree as follows: 1.0 OVERVIEW OF THE BANK 1.1 The physical site (SITE) of the BANK is located within the corporate limits of the CITY. The SITE is approximately 130 acres and consists of five (5) units, herein referred to as (UNIT). The legal descriptions for the UNITS are attached hereto and made a part hereof as Exhibit B. 1.2 The Springbrook Pedestrian Trail (TRAIL) is located in UNIT A of the SITE and is identified as the physical trail structure and other related elements, such as benches, interpretive signing, and plantings within the eighty-eight (88) foot wide TRAIL zone. 1.3 For the purposes of exchange of services, property rights, and funds between PARTIES under the Interlocal Cooperation Act, it is acknowledged and agreed that each respective PARTY will receive certain intrinsic and realized benefits from the BANK. The relative value of such services, property rights, and funds to be offered and received by each respective PARTY under this AGREEMENT has been determined by the PARTIES to be of relative equal value. 1.4 The goal of the BANK is to improve ecological functions and values of the SITE by re-establishing wetlands, rehabilitating and enhancing existing wetlands, enhancing water regimes, enhancing riparian areas along Springbrook Creek, enhancing uplands, and establishing protective buffers. When the SITE is restored and enhanced in an approved manner, the increased value of the wetlands and uplands will be available for use by the PARTIES in the form of Wetland Mitigation Credits, herein referred to as (CREDITS). 1.5 CREDITS represent the increased value of the SITE due to improvements made to the SITE. The CREDITS will be available for the PARTIES to use once they are released by the BOC in accordance with the terms of the MOA. Available CREDITS will be used to mitigate unavoidable wetland impacts associated with the building of future transportation projects and other projects within the service area(SERVICE AREA) as defined in the INSTRUMENT. 2.0 CREDIT SHARE AND MANAGEMENT 2.1 The actual total number of CREDITS associated with the BANK is 46.01; however, the total number of CREDITS as described in the INSTRUMENT is 45.12, which reflects the 0.89 CREDIT reduction due to the TRAIL. GCA 4894 PAGE 2 OF 17 o ' 2.2 As outlined in Section IV of the INSTRUMENT, the CREDIT reduction due to the TRAIL will be deducted from the CITY's share in Year 1 and Year 5 of the INSTRUMENT's Credit Release Schedule, equal to 0.45 CREDITS in Year 1 and 0.44 CREDITS in Year 5. Therefore, the CITY's share of the CREDITS, after the TRAIL CREDIT reduction, is 22.115 CREDITS. If the TRAIL is not constructed, and if the BOC agrees to restore the 0.89 CREDIT reduction due to the proposed TRAIL, then the CITY shall receive the restored TRAIL CREDITS. 2.3 WSDOT's share of the CREDITS is 23.005 CREDITS. 2.4 CREDITS will be released by the BOC from the BANK for use by WSDOT and the CITY according to the terms of the MOA. The PARTIES agree that WSDOT will receive the first CREDITS released by the BOC that are necessary to satisfy wetland mitigation requirements for projects within the SERVICE AREA which have been funded by the 2003 and 2005 Legislative transportation packages, not to exceed 10 CREDITS. The CITY will then receive CREDITS, until both PARTIES have received an equal number of CREDITS, other than reduction due to the TRAIL. Once the PARTIES have received an equal number of CREDITS, all remaining credits, other than the CITY's reduction due to construction of the TRAIL, will be equally divided between the PARTIES. 2.5 In the event that either PARTY has a funded project requiring additional CREDITS, that PARTY (PARTY 1) may request that the other PARTY (PARTY 2) consider allocating a sufficient number of their CREDITS to PARTY 1 for the funded project. PARTY 2 will consider the reasonableness and give due consideration to PARTY 1's request; if PARTY 2 agrees with the request, PARTY 1 will receive the necessary CREDITS from PARTY 2. PARTY 1 will receive no more CREDITS until PARTY 2's total CREDITS equal the number of total CREDITS received by PARTY 1. The PARTIES will enter into an amendment to this AGREEMENT to record the details of any CREDIT allocation agreement. 2.6 The PARTIES will manage their own CREDITS. Each PARTY will maintain a ledger of CREDITS acquired through the achievement of specified performance standards and CREDITS that are released and debited. The PARTIES agree to inform the other PARTY of any details related to CREDIT debiting prior to the CREDITS being debited. In addition, the PARTIES agree to inform the Muckleshoot Indian Tribe, hereinafter the (TRIBE), of their intention to debit any CREDIT as soon as a proposed project is identified. Both PARTIES agree to manage their individual shares of CREDITS in the BANK and to be responsible for not using, selling or transferring more CREDITS than they have at any given time as their individual share of CREDITS, as described in Section IV of the MOA. 2.7 A master ledger, as required by the INSTRUMENT, shall be submitted to the BOC annually. WSDOT shall establish and maintain for inspection and reporting GCA 4894 PAGE 3 OF 17 isse Nato purposes a ledger of all credit transactions. WSDOT will maintain a ledger of the credits that are released through the achievement of specified performance standards, as well as credits that are debited through sale, use, or transfer. The City may maintain its own separate concurrent ledger to track its portion of the credits, but WSDOT will retain responsibility for the master ledger detailing all debits and credits associated with the BANK to satisfy BOC requirements as described in Section 4.4 of the INSTRUMENT. The PARTIES will meet annually to review and prepare the master ledger for submittal. The master ledger shall show a cumulative tabulation of all transactions at the BANK to date, as specified in the INSTRUMENT. 3.0 EASEMENTS 3.1 The SITE is owned by the CITY and has been pledged for use in the BANK in a manner consistent with the MOA. Ownership of the SITE shall not be altered by this AGREEMENT, except to the extent covered by the Conservation Easement, herein referred to as the (EASEMENT) and by this reference made a part of this AGREEMENT. 3.2 The CITY agrees to burden the CITY's fee title to the SITE through the grant of the EASEMENT. The EASEMENT is created and used for the purpose of the long-term protection of the SITE. The EASEMENT will be recorded in King County, Washington, to ensure that the SITE can never be modified without the written consent of the BOC. The EASEMENT, attached as Exhibit C, is to be incorporated into the INSTRUMENT. 3.3 The PARTIES agree that the CITY shall grant the EASEMENT to Cascade Land Conservancy (CLC). The PARTIES agree that WSDOT shall be assignee to the EASEMENT at such time as all WSDOT CREDITS in the BANK are used, sold, or transferred. 3.4 The PARTIES have identified several existing utility and access easements, and gas/oil/mineral rights on the SITE. The PARTIES have and are cooperatively and aggressively pursuing release of unused easements, and acknowledge that each PARTY has incurred costs as a result of the release of said easements. 3.5 The CITY will obtain a drainage easement from Burlington Northern Santa Fe Railway (BNSF) outside of the SITE for a portion of the parcel that is situated between UNITS C and D that is necessary to ensure the continued flow of water between the two UNITS. GCA 4894 PAGE 4 OF 17 time 4.0 DESIGN AND CONSTRUCTION OF THE SITE 4.1 The PARTIES acknowledge that WSDOT, working closely with the CITY, has completed the design and the plans, specifications, and estimate (PS&E) for SITE construction. The PARTIES further acknowledge that, unless otherwise required, WSDOT, is responsible for obtaining all permits necessary for construction of the SITE; WSDOT; and the CITY, if named as co-permittee on the permits, are responsible for complying with all the permits necessary for construction of the SITE and the TRAIL. 4.2 The PARTIES agree that WSDOT will advertise, award, and administer the plans, specifications, and estimates (CONTRACT) for construction of the SITE. 4.3 WSDOT agrees to meet with the CITY during CONTRACT administration to provide progress updates; the PARTIES will determine the frequency of these meetings prior to the start of construction. 4.4 As defined in the CONTRACT, plant establishment is three (3) years to ensure the availability of a contractor to perform any necessary establishment activities per the WSDOT Construction Specification (such as weed control and replanting). During Years 2 and 3 of plant establishment, WSDOT will consider all CITY comments related to plant establishment of the SITE when directing the CONTRACT work. 4.5 WSDOT will comply with all permit conditions listed in the CITY permits issued for this project and with applicable CITY Code requirements, as consistent with the INSTRUMENT. 5.0 DESIGN, CONSTRUCTION,AND MAINTENANCE OF THE TRAIL 5.1 The PARTIES acknowledge that WSDOT, at the CITY's request, has completed the design and the plans, specifications, and estimate(PS & E) for construction of the TRAIL. 5.2 WSDOT will work with the Multi-Agency Permitting Team (MAPT) to allow the CITY to be co-permittee on the permits for the BANK, and the CITY could use these permits to construct the TRAIL, provided that the permits have not expired and the CITY complies with all of the conditions within the permits. 5.3 At the time of bid opening of the CONTRACT, WSDOT will identify the apparent low bidder for the CONTRACT. The CITY will have the opportunity to examine the apparent lowest bid estimate related to the TRAIL, and within twenty-one (21) calendar days of bid opening determine whether to proceed with construction of the TRAIL under the CONTRACT. GCA 4894 PAGE 5 OF 17 5.4 If within twenty-one (21) days of bid opening, the CITY determines to proceed with the construction of the TRAIL under the CONTRACT, then the following shall apply. 5.4.1 WSDOT will be the lead agency for CONTRACT administration of all work related to the TRAIL. 5.4.2 Prior to providing the contractor relief of responsibility for the completed TRAIL, WSDOT will work with the CITY to assure the CONTRACT has been fulfilled. 5.4.3 The CITY is responsible for funding of the design and construction, including site preparation, grading and planting, of TRAIL. 5.4.4 The CITY will provide and install bollards, identified in the CONTRACT as CITY-provided and installed, within one month of completion of construction of the TRAIL. 5.4.5 WSDOT will notify the CITY in writing when construction of the TRAIL is complete. 5.4.6 The CITY will provide a bench with mounting hardware, as identified in the CONTRACT and will deliver said bench to the SITE within sixty (60) calendar days of written notification from WSDOT. 5.4.7 The CITY will furnish and install park rules and regulations signs. Signs will be installed within one month of completion of the trail. 5.4.8 The CITY will furnish and install pet stations within one month of completion of the trail. 5.4.9 The CITY will be responsible for funding and conducting all management, maintenance and protection of the TRAIL if the contractor for the CONTRACT is granted relief of responsibility for completed work related to the TRAIL, in accordance with the CONTRACT. 5.4.10 The CITY shall be responsible for funding and conducting all management, maintenance and protection of the TRAIL after completion of the construction CONTRACT in perpetuity. 5.5 If within twenty-one (21) days of bid opening, the CITY determines not to proceed with the construction of the TRAIL under the CONTRACT, then deletion of the TRAIL will be documented by change order, and the following shall apply. 5.5.1 The CITY shall reimburse WSDOT for administrative costs to remove the rejected TRAIL, with total administrative costs not to exceed $10,000; and GCA 4894 PAGE 6 OF 17 5.5.2 WSDOT will provide the CITY with the TRAIL plans and specifications. 5.6 If the CITY determines not to proceed with the construction of the TRAIL under the CONTRACT but determines to build the TRAIL at a later date, then the following shall apply. 5.6.1 The CITY may not commence construction of the TRAIL until after the initial phase of the CONTRACT is completed and Year 2 of plant establishment has begun. 5.6.2 The CITY will be responsible for BANK contractor claims or plants damaged outside of the eighteen (18)-foot TRAIL construction zone that result from worked performed by the CITY on the TRAIL. 5.6.3 The CITY will be the lead agency for design, permitting and construction of the TRAIL. 5.6.3.1 If the CITY is co-permittee with WSDOT on the BANK permits, then 5.6.3.1.1 the CITY could enter into a separate agreement with WSDOT for the CITY to contract with WSDOT to construct the TRAIL, or 5.6.3.1.2 the CITY could enter into its own contract to construct the TRAIL. 5.6.3.2 If the CITY is not co-permittee with WSDOT on any of the BANK permits required to construct the TRAIL, then 5.6.3.2.1 the CITY could apply for new permits for the CITY to construct the TRAIL under its own contract, or 5.6.3.2.2 the CITY could enter into a separate agreement with WSDOT for the CITY to contract with WSDOT to construct the TRAIL. 5.6.4 If the TRAIL is constructed, the CITY shall be responsible in perpetuity for funding and conducting all management, maintenance and protection of the TRAIL after completion of the construction CONTRACT. 5.7 If the CITY determines not to proceed with the construction of the TRAIL under the CONTRACT and the CITY decides not to build the TRAIL at a later date, so that no TRAIL is built in the BANK, then the CITY can request that the BOC incorporate the TRAIL area into the BANK in return for the 0.89 credits held out of the BANK for the TRAIL. GCA 4894 PAGE 7 OF 17 low 6.0 ESTABLISHMENT AND LONG-TERM MANAGEMENT OF THE SITE 6.1 DEFINITIONS 6.1.1 The establishment (ESTABLISHMENT) phase begins when the MOA is signed between the PARTIES and the BOC and continues until performance standards have been met and all credits have been released by the BOC in accordance with the terms of the INSTRUMENT and MOA(sections III.B. and IV.K.). The ESTABLISHMENT phase includes Year 2 and 3 of plant establishment items identified in the construction CONTRACT. 6.1.2 The OPERATIONAL LIFE of the BANK is identified as that period of time when either of the PARTIES has CREDITS remaining on the master ledger that have yet to be used, sold, or transferred. 6.1.3 The long term management (LTM) phase begins upon completion of the ESTABLISHMENT phase and runs in perpetuity. 6.2 ESTABLISHMENT PHASE 6.2.1 The PARTIES agree that WSDOT shall be the responsible PARTY for monitoring and management during ESTABLISHMENT of the SITE, in accordance with the terms of the MOA. 6.2.2 During the CONTRACT administration, WSDOT will consider all CITY comments related to establishment of the SITE when directing the contractor's work under the CONTRACT. 6.2.3 In the years of the ESTABLISHMENT phase following completion of the CONTRACT, the PARTIES will review the monitoring reports identified in Section 4.5 of the INSTRUMENT and, if necessary, arrange for a joint site inspection to evaluate whether additional actions (such as replanting) are needed to meet performance standards. The PARTIES will use this information to jointly develop an annual ESTABLISHMENT work plan (ESTABLISHMENT WORK PLAN). 6.2.4 The ESTABLISHMENT WORK PLAN will identify work elements and costs associated with required monitoring and/or any other additional work necessary to meet performance standards during the subsequent calendar year. The PARTIES will review and approve the ESTABLISHMENT WORK PLAN and the ESTABLISHMENT WORK PLAN's cost estimate prior to work being performed. GCA 4894 PAGE 8 OF 17 6.2.5 WSDOT will submit annually to the BOC an annual monitoring report, as identified in the INSTRUMENT. WSDOT shall work cooperatively with the CITY to prepare this annual report, and WSDOT will provide the CITY with a copy of the annual report. 6.3 LONG-TERM MANAGEMENT PHASE 6.3.1 The CITY shall be the responsible PARTY during the LTM phase of the SITE, in accordance with the terms of Section IV.M of the MOA. 6.3.2 Prior to completion of the ESTABLISHMENT phase, the CITY will develop a work plan for the LTM (LTM WORK PLAN) as described in the INSTRUMENT (Section 5.2) and the MOA (Sections III.C.3 and IV.M.). 6.3.3 ESTABLISHMENT and LTM activities exclude the TRAIL. 7.0 FUNDING RESPONSIBILITIES 7.1 WSDOT will fund all costs associated with both design and construction of the SITE, including costs related to acquisition of all permits, other than those costs specifically related to the design and construction of the TRAIL, which shall be funded by the CITY. 7.2 The PARTIES have agreed to share certain BANK project development costs related to the SITE as estimated in Exhibit D. 7.2.1 The PARTIES will determine the final total amount of these costs, determine each PARTY's share, determine what each PARTY has paid to date, and determine the amount due the other PARTY if either PARTY has paid more than their share of said costs. The PARTY due any funds shall invoice the other PARTY within thirty (30) days of said determination; the PARTY owing any funds shall pay within thirty (30) days of receipt of said invoice. 7.3 The PARTIES have agreed that water usage costs will be as follows: 7.3.1 the CITY will waive all System Development Charges related to water service during construction of the SITE and SITE irrigation; and 7.3.2 water usage rates will be the commodity rate for 0-1000 cubic feet per month; and 7.3.3 WSDOT will pay all of the water connections and use costs for Year 1 of plant establishment; thereafter, WSDOT and the CITY will equally share GCA 4894 PAGE 9 OF 17 Nmie *NO the water connections and use costs until the end of the ESTABLISHMENT phase. 7.4 While CLC is grantee of the EASEMENT, the CITY shall pay to CLC all costs associated with CLC's duties as grantee of the EASEMENT, and WSDOT agrees to reimburse the CITY for half of these costs. 7.5 WSDOT will pay for all costs associated with the ESTABLISHMENT, including those related to monitoring, other than any costs attributable to the TRAIL. At the end of Year 1 of plant establishment, the CITY agrees to reimburse WSDOT for half of all ESTABLISHMENT costs in subsequent years, until the end of the ESTABLISHMENT phase. 7.6 The CITY will pay for all costs associated with the LTM of the BANK. While WSDOT still has a credit interest in the BANK and if the BOC mandates work that is not included in the LTM plan described in the MOA, the CITY and WSDOT will equally share the cost of this mandated work; otherwise the CITY will pay for all LTM costs. 7.7 The CITY shall be responsible for all costs related to design, permitting, construction, management, and maintenance of the TRAIL. 7.8 The PARTIES shall use the following addresses for invoicing: CITY OF RENTON Surface Water Utility Attn: Utility Engineering Supervisor 1055 South Grady Way—5th Floor Renton, WA 98055 WASHINGTON STATE DEPARTMENT OF TRANSPORTATION Urban Corridors Office Environmental Services Director 401 —2nd Avenue South, Suite 560 Seattle, WA 98104-3850 8.0 RIGHT OF ENTRY AND SITE ACCESS 8.1 WSDOT and its contractors will have right of entry and access to the SITE as needed for the purpose of construction,monitoring, and SITE establishment. 8.2 During the ESTABLISHMENT phase, WSDOT will provide reasonable notice, of not less than twenty-four(24) hours, prior to performing any work that reduces GCA 4894 PAGE 10 OF 17 Now access to the TRAIL by a telephone call, letter, or electronic message to the designated representative of the CITY. 8.3 During construction of the CONTRACT, the CITY will provide reasonable notice, of not less than twenty-four (24) hours, of its intent to access the SITE by a telephone call, letter, or electronic message to the designated representative of WSDOT prior to the date access is required. 8.4 WSDOT, its agents and assigns shall have reasonable and free access to the SITE for educational, scientific, and biological purposes to observe and study the SITE for the duration of this AGREEMENT, as consistent with the provisions in the EASEMENT. 9.0 GENERAL AGREEMENT PROVISIONS 9.1 All aspects of this AGREEMENT may be modified, amended, deleted, or revised only by written mutual amendment to this AGREEMENT by the PARTIES. No obligations of either PARTY to this AGREEMENT may be transferred or assigned to a third PARTY without the prior written consent of the other PARTY; such consent shall not be unreasonably withheld, conditioned, or delayed. 9.2 If either PARTY has reason to believe that a violation of the INSTRUMENT, this AGREEMENT, the EASEMENT, or the MOA is occurring or is threatened, for the purpose of enforcing the provisions of the INSTRUMENT, this AGREEMENT, the EASEMENT, or the MOA, the other PARTY shall be notified either in writing or by an electronic message notice. 9.3 Each PARTY shall indemnify and hold the other PARTY, and their agents, employees, and/or officers, harmless from and shall process and defend at its own expense any and all claims, demands, suits, at law or equity, actions, penalties, losses, damages, or costs of whatsoever kind or nature, brought against the other PARTY arising out of, in connection with, or incident to the indemnifying PARTY's performance or failure to perform any aspect of this AGREEMENT; provided, however that if such claims are caused by or result from the concurrent negligence of their agents, employees, and/or officers, this indemnity provision shall be valid and enforceable only to the extent of the negligence of the indemnifying PARTY; and provided further, that nothing herein shall require the PARTY to hold harmless or defend the other PARTY, their agents, employees, and/or officers from any claims arising from the sole negligence of the other PARTY, their agents, employees, and/or officers. No liability shall attach to the other PARTY by reason of entering into this AGREEMENT except as expressly provided herein. 9.4 The indemnification and waiver obligations set forth in Sections 9.3 and 9.5 shall survive the expiration or earlier termination of this AGREEMENT. GCA 4894 PAGE 11 OF 17 impe Ale 9.5 For the purposes of this AGREEMENT only, each of the PARTIES hereto specifically and expressly waives, with respect to the other, its immunity and limitation on liability under any industrial insurance legislation including but not limited to Title 51 RCW, and acknowledges that this waiver was specifically entered into after mutual negotiation. 9.6 A representative to be designated by each agency administrator will be responsible for the timely sharing and/or exchange of any or all documentation related to the restoration and site management, and funding and monitoring responsibilities under this AGREEMENT. Such designated representative may be changed from time to time. Written authorization to represent an agency will be provided to the other PARTY in a timely manner by the PARTY's administrator. 9.7 In the event of a dispute arising out of the conduct of this AGREEMENT, the PARTIES will work collaboratively towards resolution beginning with the lowest organizational level. If the dispute cannot be resolved at the lowest organizational level, the dispute will be raised to the I-405/Renton Administrator Executive committee, which consists of the City of Renton Chief Administrative Officer and his direct reports, the I-405 Project Director and the I-405 Project Manager. If the dispute cannot be resolved using this process, the PARTIES shall acknowledge impasse. Within thirty (30) days after acknowledging impasse, the dispute shall be determined by a dispute board in the following manner: Each PARTY to this AGREEMENT shall appoint a member to the dispute board. The members so appointed shall jointly appoint a third member to the dispute board. The third member shall not be an employee of, or be affiliated in any way with either of the two PARTIES to this AGREEMENT. The dispute board shall hold hearings to evaluate the facts, contract terms, and applicable statutes and rules. After the hearings are concluded, the dispute board shall meet in private and reach a conclusion supported by two or more members. Its findings and recommendations, together with its reasons shall then be submitted as a written report to both PARTIES. The recommendations shall be based on the pertinent contract provisions and facts and circumstances involved in the dispute. The dispute board should make every effort to reach a unanimous decision. If this proves impossible, the dissenting member may prepare a minority report. Although both PARTIES should place weight upon the dispute board's recommendations, they are not binding. Either PARTY may appeal a recommendation to the dispute board for reconsideration. However, if the dispute board's recommendations do not resolve the dispute, the written report, including any minority report, may be admissible as evidence in any subsequent litigation. GCA 4894 PAGE 12 OF 17 Noe Nod It is not desirable to adopt hard and fast rules for the functioning of the dispute board. The entire procedure should be kept flexible so that it can adapt to changing situations. 9.8 If ever all or part of the SITE is taken in eminent domain by public, corporate, or other authority so as to abrogate the restrictions imposed by the INSTRUMENT, the MOA, this AGREEMENT, or the EASEMENT, the PARTIES shall join in appropriate actions at the time of such taking to recover the just compensation and damages as provided by law. All expenses incurred by the PARTIES in this action, including any replacement costs, shall be paid out of the recovered proceeds, and the PARTIES will equally divide the remaining proceeds from the condemnation proceeds. 9.9 The covenants, terms, conditions, and restrictions of this AGREEMENT shall be binding upon, and inure to the benefit of the PARTIES to this AGREEMENT and their respective successors and assigns and shall continue as a servitude running in perpetuity with the SITE. 10.0 INTERPRETATION, SEVERABILITY 10.1 The interpretation and performance of this AGREEMENT shall be governed by the laws of the State of Washington. 10.2 Any general rule of construction to the contrary notwithstanding, this AGREEMENT shall be liberally construed to implement the purposes of the MOA, INSTRUMENT, and EASEMENT and the policy and purpose of RCW 84.34.200-250 and RCW 64.04.130. 10.3 If any provision in the INSTRUMENT or this AGREEMENT is found to be ambiguous, an interpretation consistent with the purpose of the MOA, INSTRUMENT, and EASEMENT that would render the provision valid shall be favored over any interpretation that would render it invalid. 10.4 If any provision of this AGREEMENT, or the application of such provision to any person or circumstances, is found to be invalid, the remainder of the provisions of this AGREEMENT, or the application of that provision to persons or circumstances other than those which it is found to be invalid, shall not be affected by the invalidity. 10.5 Any forbearance by the PARTIES to exercise their rights under the this AGREEMENT in the event of any breach of any of the terms of the this AGREEMENT, shall not be deemed or construed to be a waiver by the PARTIES of such terms or of any subsequent breach of the same or any other terms of this AGREEMENT or of any of the PARTIES' rights under this AGREEMENT. No delay or omission by either PARTY in the exercise of any right or remedy upon GCA 4894 PAGE 13 OF 17 Noe any breach by the other PARTY shall impair such right or remedy or be construed as a waiver. 11.0 ENTIRE AGREEMENT, COUNTERPARTS This AGREEMENT replaces the Springbrook Wetland and Habitat Mitigation Bank Letter of Concurrence signed on March 7, 2005 by the PARTIES and the Springbrook Wetland and Habitat Mitigation Bank Agreements Concurrance Letter signed on February 10, 2006 by the PARTIES. This AGREEMENT, the INSTRUMENT, the MOA and the EASEMENT set forth the entire agreement of the PARTIES with respect to this AGREEMENT and supersede all prior discussions, negotiations, understandings, or agreements relating to the SITE, all of which are merged into this AGREEMENT, the INSTRUMENT, the MOA and the EASEMENT. 12.0 EFFECTIVENESS AND DURATION This AGREEMENT is effective upon execution by both PARTIES and shall continue as a servitude running in perpetuity with the SITE. 13.0 TITLES The titles in this AGREEMENT have been inserted solely for convenience of reference and are not a part of this AGREEMENT and shall have no effect on construction or interpretation. The titles in no way define, limit, or describe the scope or intent of this AGREEMENT. 14.0 NOTICE Any notice, demand, request, consent, approval or communication that either PARTY desires or is required to give to the others shall be in writing and either delivered personally or sent by first class mail,postage prepaid, addressed as follows: WSDOT: DEPARTMENT OF TRANSPORTATION Attn: Urban Corridors Regional Administrator 401 Second Avenue South, Suite 560 Seattle, WA 98104 CITY: CITY OF RENTON, WASHINGTON Office of the Mayor 1055 S. Grady Way Renton, WA 98055 GCA 4894 PAGE 14 OF 17 Nfte or to such other address as any either PARTY from time to time shall designate by written notice to each other. 15.0 VENUE In the event that any PARTY deems it necessary to institute legal action or proceedings to enforce any right of obligation under this AGREEMENT, the PARTIES hereto agree that any such action or proceedings shall be brought in the superior court situated in King County, Washington. IN WITNESS WHEREOF, the PARTIES hereto have executed this AGREEMENT as of the latest date written below. CITY OF RENTON, WASHINGTON STATE WASHINGTON DEPARTMENT OF TRANSPORTATION /0, 2cOp By: err' By: KATHY KEO R DATE CRAIG STO I , P.E. DATE Mayor Deputy Administrator Urban Corridors Office For: City Of Renton, For: Washington State Washington Department of Transportation Approved as to form Approved as to form By: $f i q oc Lawrence J. Warren Date Ste en R.klasinski Date City Attorney Assistant Attorney General Attest: i/A//l 400,6 Michele Neumann, Deputy City Clerk GCA 4894 PAGE 15 OF 17 CITY ACKNOWLEDGMENT WITH SEAL STATE OF WASHINGTON ) . ss. County of ) I, the undersigned, a Notary Public in and for the State of Washington, do hereby certify that on this day of , before me personally appeared Kathy Keolker to me known to be the Mayor of the municipal corporation that executed the foregoing instrument and acknowledged the said instrument to be the free and voluntary act and deed of said municipal corporation, for the uses and purposes therein set forth, and on oath states that he was authorized to execute said instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. Notary(print name) Notary Public in and for the State of Washington, residing at My Appointment expires GCA 4894 PAGE 16 OF 17 Nwe STATE AGENCY ACKNOWLEDGMENT WITH SEAL STATE OF WASHINGTON ) : ss. County of ) I, the undersigned, a Notary Public in and for the State of Washington, do hereby certify that on this day of , before me personally appeared Craig Stone, Deputy Administrator, Urban Corridors Office, for the Washington State Department of Transportation, and that he executed the within and foregoing instrument and acknowledged the said instrument to be the free and voluntary act and deed of said State of Washington, for the uses and purposes therein set forth, and on oath states that he was authorized to execute said instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year last above written. Notary(print name) Notary Public in and for the State of Washington, residing at My Appointment expires GCA 4894 PAGE 17 OF 17 EXHIBIT A MEMORANDUM OF AGREEMENT SPRINGBROOK CREEK WETLAND AND HABITAT MITIGATION BANK NNW MEMORANDUM OF AGREEMENT SPRINGBROOK CREEK WETLAND AND HABITAT MITIGATION BANK This Memorandum of Agreement regarding the establishment, use, operation, and management of the Springbrook Creek Wetland and Habitat Mitigation Bank (hereinafter, the Bank) is made and entered into by and among Washington State Department of Transportation (hereinafter, WSDOT) and the City of Renton(hereinafter, City),hereinafter collectively identified as the Sponsors, the U.S. Army Corps of Engineers (Corps), and the Washington State Department of Ecology(Ecology), with reference to the following: I. PREAMBLE A. Purpose: The purpose of this Memorandum of Agreement (hereinafter, the Agreement) is to specify responsibilities for the establishment, use, operation, and management of the Bank. It consists of this "Basic Agreement"establishing the central obligations assumed and consideration provided by each Party, as well as a Mitigation Banking Instrument (hereinafter, the Instrument) that establishes the site-specific conditions, standards, and procedural requirements applicable to the Bank. The provisions of the Instrument are hereby incorporated into this Agreement by reference. The Bank will be used for compensatory mitigation for unavoidable adverse impacts to waters of the United States, including wetlands, and to aquatic habitat including habitat for endangered and threatened species, that result from activities authorized by Federal, State, and local authorities,when use of the Bank has been specifically approved by the appropriate regulatory agencies. B. Location and Ownership of Parcel: Whereas, the City owns 129.22 acres of land located near Springbrook Creek in the City of Renton, King County, Washington. C. Project Description: Whereas, the Sponsors have expressed an interest to restore and/or enhance 116.86 acres of aquatic and associated habitat, and shall then maintain the Bank in accordance with the provisions of this Agreement. The Bank area will provide mitigation treatment areas that will re-establish, rehabilitate, and enhance wetlands and forested wetlands, and enhance both riparian upland and upland habitat, as detailed in Section 2.6 of the Instrument. D. Bank Oversight Committee. Whereas, the Bank Oversight Committee (BOC) consists of: 1. Chair: U.S. Army Corps of Engineers, Seattle District (Corps). 2. Chair: Washington Department of Ecology(Ecology). 3. U.S. Environmental Protection Agency, Region X (EPA). 4. U.S. Fish and Wildlife Service. 1of13 NOW, THEREFORE, the parties agree to the following: II. AUTHORITIES The establishment, use, operation, and management of the Bank are carried out in accordance with the following authorities: A. Federal: 1. Clean Water Act(33 USC §§ 1251 et seq.) 2. Rivers and Harbors Act (33 USC § 403) 3. Fish and Wildlife Coordination Act (16 USC §§ 661 et seq.) 4. Regulatory Programs of the Corps of Engineers,Final Rule(33 CFR Parts 320- 330) 5. Guidelines for Specification of Disposal Sites for Dredged and Fill Material (40 CFR Part 230) 6. Memorandum of Agreement between the Environmental Protection Agency and the Department of the Army concerning the Determination of Mitigation Under the Clean Water Act, Section 404(b)(1) Guidelines (February 6, 1990) 7. Federal Guidance for the Establishment, Use, Operation of Mitigation Banks (60 F.R. 58605 et seq.) 8. Regulatory Guidance Letter No. 02-02, Guidance on Compensatory Mitigation Projects for Aquatic Resource Impacts under the Corps Regulatory Program pursuant to Section 404 of the Clean Water Act and Section 10 of the Rivers and Harbors Act of 1899, U.S. Army Corps of Engineers, December 26, 2002 B. State of Washington: 1. Washington State Department of Transportation, Wetland Compensation Bank Program, Memorandum of Agreement, September 15, 1994 2. Washington Water Pollution Control Act,RCW 90.48 et seq. 3. Washington State Alternative Mitigation Policy, developed by Ecology, Washington State Department of Transportation (WSDOT), Washington Department of Fish and Wildlife (WDFW), and the Office of Community Development(OCD), 2000. 4. Washington State's Pilot Rule on Wetland Mitigation Banking (WAC 173- 300, Compensatory Wetland Mitigation Banking). 2 of 13 , III. ESTABLISHMENT OF THE BANK A. Permits. WSDOT will obtain all appropriate environmental documentation,permits or other authorizations needed to establish and maintain the Bank, prior to the release of any mitigation credits. Compliance with this Agreement does not fulfill the requirement, or substitute, for such authorization. Prior to acquiring any mitigation credits pursuant to this Agreement, the WSDOT must obtain appropriate authorization from the Corps and Ecology in accordance with the terms of the Agreement. B. Bank Establishment. The Sponsors jointly agree to establish the Bank as described in Sections 2 and 3 of the Instrument. WSDOT shall be responsible to ensure funding and accomplishment of the collective obligations arising during the establishment phase that extends from the execution of this Agreement until it terminates as described in Article IV.K. of this Agreement. In recognition of successful establishment, credits will be released to the Sponsors in accordance with the procedures and schedules referenced in the Instrument, particularly in Section 4.2. In the event the Sponsors determine that modifications to the Instrument are necessary, the Sponsors shall submit a written request for such modification to the BOC, through the Chairs, for approval. Documentation of implemented modifications shall be made consistent with Article VI.B.2 of this Agreement. C. Financial Assurance Requirements: 1. The Sponsors intend to satisfy their obligations under this Agreement by obtaining sufficient funding to carry out all design, development, monitoring, and site management responsibilities. The following financial assurances are provided for the work described in this Agreement. 2. Funding for all responsibilities and obligations arising during the establishment phase of the Bank, including remedial actions as delineated in Article IV.H. of this Agreement, has been included in the budget for the Transportation 2003 (Nickel) Account, "provided solely to implement the activities and project included in the Legislative 2003 Transportation Project List—Current Law report as transmitted to LEAP (the Legislative Evaluation and Accountability Program committee) on April 27, 2003"(Engrossed Substitute House Bill 1163). To the extent, if any, that these funds are insufficient to fully and timely fund WSDOT's obligations as delineated in this Agreement, the WSDOT shall include in its budget request appropriations sufficient to cover the balance of WSDOT's obligations under this Agreement, and will use all reasonable and lawful means to fulfill its obligations hereunder. In the event the legislature of the State of Washington does not provide funds in sufficient amounts to discharge these obligations, the WSDOT shall use its best efforts to procure funding in order to satisfy its obligations under this Instrument from any other source of funds legally available for this purpose. Nothing herein shall constitute, nor be deemed to constitute, an obligation of future appropriations by the legislature. 3 of 13 *lime 441010 3. Long-Term Management Endowment Fund: a. The City shall institute an endowment fund to fund long-term management actions as defined in Article IV.M of this Agreement and Section 5. 2 of the Instrument following the termination of the establishment phase of the Bank. Upon termination of the establishment phase, the BOC will authorize the City to apply these funds to the long-term management of the Bank, or will direct that they be disbursed to a Long-Term Steward in the event of the City's relinquishment of responsibility for long- term management of the Bank. b. The Long-Term Management Endowment Fund shall be funded so that the Fund contains a lump sum of$25,000 as of the date the establishment phase is to terminate pursuant to Article IV.K. D. Real Estate Provisions: All real property to be included within the Bank site area, as more completely described in Appendix A to the Conservation Easement, is owned in fee simple by the City and has been pledged for use in the Bank in a manner consistent with this Agreement. The City shall burden the City's fee title to the Bank property through the grant of a conservation easement, pursuant to the provisions of Section 5.1.1 of the Instrument. The inclusion of the aforementioned property in the Bank and the granting of a conservation easement restricting future land uses for the benefit of the Bank shall not convey or establish any property interest on the part of any Party to this Agreement, nor convey or establish any interest in Bank credits. The Agreement does not authorize, nor shall it be construed to permit, the establishment of any lien, encumbrance, or other claim with respect to the property, with the sole exception of the right on the part of the Corps to require the Sponsors to implement elements of this Agreement, including recording the conservation easement, required as a condition of a permit issued under Section 404 of the Clean Water Act for discharges of dredged and fill material into waters of the United States associated with construction and operation and management of the Bank. IV. OPERATION OF THE BANK A. Service Area: The Bank is approved to provide compensatory mitigation for impacts to the Waters of the United States, including wetlands, within a portion of Water Resources Inventory Area 8 and 9 as shown in Figure 1-3 of the Instrument. In exceptional situations,the Bank may be used to compensate for an impact that occurs outside of the Service Area if specifically approved by the regulatory agency(ies) having jurisdiction over that impact and the BOC,pursuant to the procedures and criteria prescribed in Section 1.3 of the Instrument. If the Corps and Ecology determine that the Sponsors have sold or transferred credits at any time to provide compensatory mitigation for loss of aquatic resources outside of the Service Area without prior approval, the Corps and Ecology, in consultation with the other members of the BOC, may direct that the sale or other transfer of credits immediately cease. B. Access to the Bank Site. The Sponsors will allow, or otherwise provide for, access to the site by members of the BOC or their agents or designees, as reasonably necessary for the 4 of 13 Aye I actions for the Bank as specified in Section 3.4 of the Instrument, to attain those project objectives and performance standards. Prior to their execution, proposals for the remediation and monitoring activities must be approved by the Corps and Ecology, in consultation with the Sponsors and the BOC. In the event WSDOT fails to implement necessary remedial actions within the prescribed period, the Corps and/or Ecology, following consultation with the Sponsors and the BOC, will direct remedial, corrective, and/or sanctioning action in accordance with the procedures specified in Section 3.4 of the Instrument. I. Force Majeure: In the event of substantial damage caused by a natural or human- caused catastrophic event or a deliberate and unlawful act, that the Corps and Ecology, in consultation with the Sponsors and the BOC, determine has had a significant adverse impact on the quality of the aquatic functions, native vegetation, soils or wildlife of the Bank and is beyond the control of the Sponsors, their agents, contractors, or consultants to prevent or mitigate: the Sponsors may request,pursuant to Article III.B. of this Agreement, and the Corps and Ecology, in consultation with the BOC,may approve changes to the construction, operation, project objectives, performance standards, or crediting formula of the Bank, pursuant to the standards and procedures specified in Section 3.4 of the Instrument. A natural catastrophic event includes,but is not limited to, a flood equal to or greater in magnitude than the 100-year flood event, an earthquake of a force projected from an earthquake with a return period of 475 years, drought that is significantly longer than the periodic multi-year drought cycles that are typical of weather patterns in the Pacific Northwest, as well as debilitating disease,wildfire, depredation, regional pest infestation, or fluvioigeomorphic change. A human-caused catastrophic event includes,but is not limited to, war, insurrection,riot or other civil disorders, spill of a hazardous or toxic substance, or fire. A deliberate and unlawful act includes,but is not limited to, the dumping of a hazardous or toxic substance, as well as significant acts of vandalism or arson. If any such act occurs the BOC , in consultation with the Sponsors, will determine what changes to the Bank and/or this Agreement or the Instrument will be in the best interest of the Bank and the aquatic environment. The consequences of any events of force majeure recognized as such by the Corps and Ecology shall not affect the status of previously released credits, whether or not they have yet been sold, used or transferred. J. Default: Should the Corps and/or Ecology, in consultation with the BOC, determine that (1)the Sponsors are in material default of any provision of this Agreement, (2) the failure to comply adversely affects the ability of the Bank to achieve its goals and objectives, and(3) the Sponsors have not made a reasonable effort to bring the Bank into compliance with this Agreement,the Corps and/or Ecology may notify the Sponsors that the debiting, sale, use, and/or transfer of mitigation credits are suspended until the delineated deficiencies are rectified. Upon written notification of suspension, regardless of the phase of the Bank implementation, each Sponsor agrees to immediately cease any use, debiting, sale, or transfer transactions not yet finally completed, until informed by the Corps and/or Ecology that use, debiting, sale, or transfer of credits may be resumed. Regardless of the phase of Bank implementation, should either Sponsor remain in default for a period of 90 days, the Corps and/or Ecology, following consultation with the BOC, may terminate this Agreement, the Instrument, and any subsequent banking operations. In the event such termination action is commenced, the Sponsors agree to fulfill their pre-existing obligations to perform all establishment, monitoring,maintenance, 6 of 13 411W 11111111 purpose of inspection, compliance monitoring, and remediation consistent with the terms and conditions of this Agreement, throughout the period of Bank establishment and long-term management. Inspecting parties shall provide reasonable prior notice of a scheduled inspection, and shall not unreasonably disrupt or disturb activities on the property. During the establishment phase of the Bank, notice shall be given to WSDOT, and during the long-term management phase of the Bank, notice shall be given to the City. C. Schedule of Credit Availability: Subject to the documentation and scheduling provisions of Section 4.2 of the Instrument, the Sponsors may submit to the BOC written evidence that particular performance standards have been achieved. If the Corps and Ecology, after consulting with the other members of the BOC and the Sponsors, concur that certain performance standards have been achieved in full, it is agreed that the credits associated with those performance standards will become available for marketing or use by the Sponsors. D. Credit Deficit or Fraudulent Transactions: If the Corps and/or Ecology determine at any point that the Bank is operating without prior written approval at a deficit, or has engaged in fraudulent transactions in the sale, transfer, or use of credits, the Corps and/or Ecology will direct the Sponsors to immediately cease release and sale, use, or other transfer of credits, and will determine, in consultation with the BOC and the Sponsors,what actions are necessary to correct the situation and will direct their performance prior to the release of any additional mitigation credits. During the establishment phase, WSDOT will be directed to accomplish any action deemed necessary, and during the long-term management phase the City will be directed to accomplish any action deemed necessary. E. Provisions For Use of the Mitigation Bank Area: The Sponsors shall not: 1. Grant additional easements,rights of way, or any other property interest in or to the project areas without the written consent of the Corps and Ecology, in consultation with the BOC. 2. Use or authorize the use of any areas within the Bank for any purpose that is contrary to the provisions of this Agreement or the conservation easement, or which interferes with the conservation purposes of the Bank. F. Site Management Provisions: During the establishment phase WSDOT agrees to perform all necessary work to achieve and maintain the Performance Standards as prescribed in Section 3.3 of the Instrument. G. Monitoring Provisions: WSDOT agrees to perform all necessary work, pursuant to Section 4.5 of the Instrument, during the establishment phase to monitor the Bank to demonstrate compliance with the Performance Standards established in Section 3.3 of the Instrument. The City shall perform all monitoring necessary for the long-term management phase of the Bank, pursuant to Section 5.2 of the Instrument. H. Remedial Actions: During the establishment phase, in the event the Bank fails to achieve by the specified date one or more of the performance standards delineated in Section 3.3 of the Instrument, WSDOT shall develop and implement appropriate remedial and monitoring 5 of 13 Noe management, and remediation responsibilities relating to credits that were released, sold, used, or transferred prior to termination. K. Termination of the Establishment Phase of the Bank: Prior to termination of the establishment phase of the Bank, the BOC will perform a final compliance inspection to evaluate whether all performance standards have been achieved. Upon the Corps and Ecology determining, in consultation with the other members of the BOC and the Sponsors, that the following terms have been met, the establishment phase of the Bank will terminate and the period of Long-Term Management will commence: 1. all applicable performance standards prescribed in the Instrument have been achieved; 2. all available credits have been released or the Sponsors have permanently ceased banking activities; 3. the City has prepared a Long-Term Management Plan that reflects the Long- Term Management Requirements identified in Section 5.2 of the Instrument, that has been approved by the Corps and Ecology; 4. the City has either: (i) assumed responsibilities for accomplishing the Long- Term Management Plan, in which case the City will fulfill the role of Long-Term Steward, or(ii) has assigned those responsibilities to another Long-Term Steward pursuant to Article N.M of this Agreement; 5. the Long-Term Management Endowment Fund has been fully funded; 6. the contents of the Long-Term Management Endowment Fund have been transferred to the Long-Term Steward; and 7. the Bank has complied with the terms of this Agreement. L. Termination of the Operational Life of the Bank: Following the termination of the establishment phase of the Bank, and upon(1) sale, use, or transfer of all credits, or(2)upon acceptance by the BOC of a written declaration by the Sponsors that they have permanently ceased banking activities, the operational life of the Bank will terminate. M. Long-Term Management: The City shall develop a Long-Term Management Plan reflecting the guidelines and objectives specified in Section 5.2 of the Instrument, and submit the Plan for approval of the Corps and Ecology, in consultation with the other members of the BOC and following consultation with the WSDOT. The City is responsible for execution of the approved Long-Term Management Plan. The City may only deviate from the approved Plan upon written approval of the Corps and Ecology, following consultation with the WSDOT and the BOC. The City may assign its long-term management responsibilities to a third party assignee, which will then serve as Long-Term Steward in place of the City. The identity of the assignee and the terms of the long-term management agreement between the City and the assignee must be approved by the Corps and Ecology, following consultation with the BOC and the WSDOT, in advance of assignment. Upon execution of a long-term management assignment agreement and the transfer of the contents of the Endowment Fund, and upon satisfaction of the 7 of 13 � a remaining requirements for termination of the establishment phase of the Bank under Article IV.K. of this Agreement, the Sponsors shall be relieved of all further long-term management responsibilities under this Agreement. N. Transfer of Ownership of the Bank Site: The Sponsors shall remain responsible for complying with the provisions of this Agreement throughout the operational life of the Bank regardless of the ownership status of the underlying real property, unless those responsibilities have been assigned pursuant to the provisions of Article VI.C. of this Agreement. The City may transfer ownership of all or a portion of the Bank to another party provided the Corps and Ecology, following consultation with the other members of the BOC and the WSDOT, expressly approve the transfer in writing. V. RESPONSIBILITIES OF THE CORPS AND ECOLOGY A. The Corps and Ecology agree to provide appropriate oversight in carrying out provisions of this Agreement. B. The Corps and Ecology agree to review and provide comments on project plans, monitoring reports, and remediation proposals, and similar submittals from the Sponsors in a timely manner. As Chairs, the Corps and Ecology will coordinate their review with the other members of the BOC. C. The Corps and Ecology agree to review requests to modify the terms of this Agreement, transfer title or interest in the Bank, determine achievement of performance standards in order to evaluate the release of credits for each phase of the Bank, and approve the Long-Term Management Plan. As Chairs, the Corps and Ecology will coordinate review with the members of the BOC so that a decision is rendered or comments detailing deficiencies are provided in a timely manner. The Corps and Ecology agree to not unreasonably withhold or delay decisions on such requests. D. The Corps and Ecology agree to act in good faith when rendering decisions about acceptability of financial assurances, requiring remedial actions,requiring long-term management actions, and releasing credits. Corps and Ecology approval of the identity of any assignee responsible for executing the Long-Term Management Plan, and approval of the terms of any Long-Term Management assignment agreement, will not be unreasonably withheld. E. The Corps and Ecology will periodically inspect the Bank site as necessary to evaluate, in consultation with the other members of the BOC, the achievement of performance standards, to assess the results of any remedial actions taken, to monitor implementation of the Long-Term Management Plan, and, in general, to verify the Sponsors' compliance with the provisions of this Agreement. F. Upon satisfaction of the requirements of Article IV.K. of this Agreement,the Corps and Ecology will certify, following consultation with the Sponsors and the BOC, that the establishment phase of the Bank has terminated, and that the period of long-term management has commenced. Upon satisfaction of the requirements of Article IV.L. of this Agreement, the 8 of 13 Corps and Ecology, following consultation with the other members of the BOC,will jointly issue a letter certifying that the operational life of the Bank has terminated. VI. GENERAL PROVISIONS A. Decision Making by Consensus: The Corps and Ecology will strive to achieve consensus regarding issues that arise pertaining to the establishment, operation, maintenance, and management of the Bank. As Chairs, the Corps and Ecology will coordinate the review and oversight activities of the BOC so as to best facilitate opportunity to reach the desired consensus. Review and oversight decisions will take into account the views of the Sponsors to the maximum extent practicable. Where consensus cannot otherwise be reached within a reasonable timeframe, following full consideration of the comments of the members of the BOC and following consultation with the Sponsors, the Corps holds the responsibility and authority under Section 404 of the Clean Water Act, and Ecology holds independent responsibility and authority under Section 401 of the Clean Water Act and RCW ch. 90.48, to make final decisions regarding the application of the terms of this Agreement. B. Entry into Effect, Modification or Amendment, and Termination of this Agreement: 1. This Agreement will enter into effect on the date of signature by the authorized representative of each of the Corps, Ecology, WSDOT, and the City, as of the date of the last of these four signatures. 2. This "Basic Agreement"portion of this Memorandum of Agreement may be amended or modified only with the written approval of each of the Sponsors, the Program Manager for Shorelands and Environmental Assistance on behalf of Ecology, and the Seattle District Engineer on behalf of the Corps, or their designees. Any such modifications or amendments will take effect following consultation with the other members of the BOC. Amendment of the provisions of the Instrument may be effectuated through an exchange of letters signed by each of the Sponsors, the Mitigation Banking Specialist serving as Co-Chair on behalf of the Corps, and the Mitigation Banking Specialist serving as Co-Chair on behalf of Ecology, following consultation with the other members of the BOC,provided the exchange of letters expresses mutual agreement as to the exact language to be deleted or modified, and the exact language to be inserted. 3. This Agreement may be terminated by the mutual agreement of the Sponsors, Corps, and Ecology, following consultation with the BOC, or under the terms of Article IV.J. of this Agreement in the case of default by the Sponsors. In the event any such termination action is commenced, each of the Sponsors agrees to fulfill its pre-existing obligations to perform all establishment, monitoring, maintenance,management, and remediation responsibilities relating to credits that were debited, sold, used, or transferred prior to termination. 4. Upon termination of the operational life of the Bank pursuant to Article IV.L., and certification to that effect pursuant to Article V.F., this Agreement shall terminate 9 of 13 without further action by any Party. Thereafter, the Long-Term Management Plan developed, approved, and instituted in accordance with Article IV.M. shall govern the continuing obligations of the City, or its assignee as applicable. C. Assignment of Obligations under this Instrument: Either Sponsor may be permitted to assign its obligations, responsibilities, and entitlements under this Agreement to a third party. The Corps and Ecology, following consultation with the BOC and the other Sponsor, must approve the identity of the assignee in order for any assignment to effectively relieve a Sponsor of those obligations. In evaluating a prospective assignee, the Corps and Ecology may consider characteristics such as environmental mitigation expertise, wetlands mitigation project or analogous experience, and financial strength and stability. Approval of the identity of the assignee will not be unreasonably withheld. The assignee must execute a mitigation banking agreement with the Corps and Ecology under terms identical, to the extent practicable,to the present Agreement. Any applicable financial assurances established pursuant to Articles III.C.3. of this Agreement must be initiated, as well as any additional financial assurances deemed necessary in light of the status of the assignee. The obligations, responsibilities, and entitlements under this Agreement may not be severed or transferred piecemeal. However, the physical ownership of the Bank site real property and the obligations, responsibilities, and entitlements under this Agreement are separate and distinct; thus, ownership may be transferred independently of assignment of this Agreement. Once assignment has been properly accomplished, the applicable Sponsor will be relieved of all its obligations and responsibilities under this Instrument. Specific additional provisions pertaining to the assignment of Long-Term Management obligations are described at Article IV.M. D. Specific Language of this Agreement Shall Be Controlling: To the extent that specific provisions of this "Basic Agreement" are inconsistent with any terms and conditions contained in the Instrument, or inconsistent with other documents that are incorporated into this Agreement by reference and that are not legally binding, the specific language within this Basic Agreement shall be controlling. E. Notice: Any notice required or permitted hereunder shall be deemed to have been given either(i) when delivered by hand, or(ii) three (3) days following the date deposited in the United States mail, postage prepaid,by registered or certified mail,return receipt requested, or (iii) sent by Federal Express or similar next day nationwide delivery system, addressed as follows (or addressed in such other manner as the party being notified shall have requested by written notice to the other party): Washington State Department of Transportation Mitigation Banking Specialist Environmental Services Office Biology Branch P.O. Box 47331 Olympia, WA 98504-7331 360-705-7406 10 of 13 U.S. Army Corps of Engineers, Seattle District Mitigation Banking Specialist/Co-chair of the BOC Regulatory Branch Seattle District, Corps of Engineers 4735 E. Marginal Way South P.O. Box 3755 Seattle, WA 98124-3755 206-764-3495 Washington State Depaitment of Ecology Mitigation Banking Specialist/Co-chair of the BOC Shorelands and Environmental Assistance Program PO Box 47600 300 Desmond Drive Olympia, WA 98504-7600 360-407-7045 City of Renton Office of the Mayor 1055 S. Grady Way Renton, WA 98055 425-430-6500 F. Entire Agreement: This Agreement, incorporating the provisions of the Instrument as indicated, constitutes the entire agreement between the Parties concerning the subject matter hereof. G. Invalid Provisions: In the event any one or more of the provisions contained in this Agreement are held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability will not affect any other provisions hereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had not been contained herein. H. Effect of Agreement: This Agreement does not in any manner affect statutory authorities and responsibilities of the signatory Parties. This Agreement is not intended, nor may it be relied upon,to create any rights in third parties enforceable in litigation with the United States or the State of Washington. This Agreement does not authorize, nor shall it be construed to permit, the establishment of any lien, encumbrance, or other claim with respect to the property,with the sole exception of the right on the part of the Corps and Ecology to require the Sponsors to implement the provisions of this Agreement, including recording the conservation easement, required as a condition of the issuance of permits for discharges of dredged and fill material into waters of the United States associated with construction and operation and management of the Bank. 11 of 13 I. Attorneys' Fees: If any action at law or equity, including any action for declaratory relief, is brought to enforce or interpret the provisions of this Agreement, each party to the litigation shall bear its own attorneys' fees and costs of litigation. J. Availability of Funds: Implementation of this Agreement is subject to the requirements of the Anti-Deficiency Act, 32 U.S.C. § 1341, and the availability of appropriated funds. Nothing in this Agreement may be construed to require the obligation, appropriation, or expenditure of any money from the United States Treasury, in advance of an appropriation for that purpose. K. Headings and Captions: Any paragraph heading or caption contained in this Agreement shall be for convenience of reference only and shall not affect the construction or interpretation of any provision of this Agreement. L. Counterparts: This Agreement may be executed by the Parties in any combination, in one or more counterparts, all of which together shall constitute one and the same instrument. M. Binding: This Agreement shall be immediately, automatically, and irrevocably binding upon each of WSDOT and the City, and their heirs, successors, assigns and legal representatives, upon execution by the Sponsors, Ecology, and the Corps. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date herein below last written. SPONSORS 4LJ _ 1/ /q/oi Megan ite,P.E. Date Direct& ' nvironmental Services Washington State Department of Transportation 'eadtiv ,ei■eat— 8//60/0 Kathy K olker Date Mayor City of Renton Attest: )41u_ Bonnie I. Walton, City Clerk 12 of 13 BANK OVERSIGHT COMMITTEE By the BOC Chairs: q,14401 ; g(7/.\0(. Michael McCormick Date Colonel, Corps of Engineers District Engineer .4-...e4:-,7 c.:—.. 8/e/A,G Gordon White Date Program Manager for Shorelands and Environmental Assistance Program Washington State Department of Ecology 13of13 EXHIBIT B LEGAL DESCRIPTION Units A, B and E of City of Renton Lot Line Adjustment No. LUA-06- 09-5- -LLA, recorded under King County Recording No. Zpp(' q0000-7 TOGETHER WITH the north 721 feet of Unit D of said Lot Line Adjustment; and TOGETHER WITH Unit C of said Lot Line Adjustment, EXCEPT that portion of said unit lying northerly of the southernmost line of the easement granted to Burlington Northern and Santa Fe Railway Co. recorded under King County Recording Number 20050303000964. Situated in Section 30, Township 23 North, Range 5 East, W.M., and in Sections 25 and 36 of Township 23 North, Range 4 East, W.M., all in the City of Renton, King County, Washington. ter' •Nie EXHIBIT C CONSERVATION EASEMENT 7 AFTER RECORDING RETURN TO: CITY OF RENTON 1055 South Grady Way Renton, WA 98055 Attn: Surface Water Utility Engineering Supervisor 6te6i 0 1 005 000 3 a GRANT DEED OF CONSERVATION EASEMENT Grantor: City of Renton Grantee: Cascade Land Conservancy Legal Description Ptn of W 1/2 of Section 30, T23N, R5E, W.M. and Ptn of Section 25, T23N, R4E, W.M. and Ptn of NE 1/4 of the NW 1/4 of Section 36, T23N, R4E. W.M., all in the City of Renton, King County, Washington. Additional legal description: at Exhibit A. Assessor's Tax Parcel Numbers: 1) 125381-0090-05 (Unit A); 2)252304-9004 (Unit B); 3) Ptn of 252304-9019 (Unit C); 4)Ptn of 362304-9002-06 (Unit D); and 4)125381-0240-04 (Unit E) HIS RANT DEED OF CONSERVATION EASEMENT("Easement") is made as of the day of. C&, 2006 by City of Renton, a municipal corporation " Cascade Land Conservancy, a Washington nonprofit corporation ("Grantee") c in favor of "Parties"). ) (collectively 1. RECITALS 1.1. Grantor is the sole owner in fee simple of that certain real property (the "Protected Property") in King County, Washington, more particularly described in Exhibit A (legal description) and shown on Exhibit B (site plan), which are attached and incorporated into this Easement by this reference. 1.2. The Protected Property(Springbrook Creek Bank)possesses wetlands and other fish and wildlife habitat("Conservation Values"). Wetlands and other fish and wildlife habitat Springbrook Conservation Easement 1 October 3, 2006 toy tag on the Protected Property that are restored, enhanced, or otherwise created after the effective date of this Easement shall also be considered Conservation Values. 1.3. The Conservation Values are a result of the Protected Property's inherent ecological potential and of the existing and/or anticipated restoration and enhancement of wetlands and other habitats on the Protected Property by Washington State Department of Transportation("WSDOT") and the City of Renton(collectively"Sponsors"). The foregoing restoration and enhancement is intended to qualify the Protected Property for inclusion by WSDOT and the City of Renton in a wetland mitigation bank and issuance of credits there from ("Mitigation Bank"). Additional restoration and enhancement of the Protected Property may occur as identified and described in that certain Memorandum of Agreement and Mitigation Banking Instrument for the Springbrook Creek Wetland and Habitat Mitigation Bank, as may be amended from time to time (collectively"Banking Agreements"), approved by the Washington Department of Ecology and U.S. Army Corps of Engineers("Banking Agencies"), in consultation with other certain public agencies (collectively, "Bank Oversight Committee"). 1.4. The Springbrook Creek Mitigation Bank was established by WSDOT and the City of Renton in coordination with, and approved by,the Banking Agencies. This Easement is a condition of the operation of the Mitigation Bank. Grantee acknowledges that from time-to-time Grantor may increase the real property that is subject to this Easement in furtherance of the Mitigation Bank. Grantor and Grantee may amend this Easement to accomplish the foregoing as provided in Section 12.1 below. 1.5. Grantor and Grantee intend that the Conservation Values be preserved and maintained in perpetuity by permitting only those land uses on the Protected Property that do not impair or interfere with the Conservation Values, which include, but are not limited to, such restoration, enhancement, and recreational uses as further provided in this Easement. 1.6. Grantee is a publicly supported, tax-exempt nonprofit organization, qualified under Sections 501(c)(3) and 170(h)of the Internal Revenue Code of 1986, as amended, and also qualified as a nonprofit nature conservancy corporation under RCW 64.04.130 and RCW 84.34.250, whose primary purpose is to promote the preservation of open space and critically important ecological systems in Snohomish, King, Pierce, and Kittitas Counties in Washington State. 1.7. Grantee agrees, by accepting this Easement, to preserve and protect in perpetuity the Conservation Values and enforce the provisions hereof unless this Easement is sooner extinguished or terminated as otherwise provided for herein. 1.8. The Parties acknowledge that this Easement does not provide standards or criteria regarding the effectiveness of the Sponsors' restoration or enhancement of the Protected Property and that this Easement is not intended to provide a basis for ensuring the effectiveness of such restoration and enhancement or to obligate Grantee to ensure such effectiveness. The Parties further acknowledge that such standards and criteria and the ability to ensure the effectiveness thereof are provided for in the Banking Agreements and related documents. Springbrook Conservation Easement 2 October 3, 2006 err' low 2. CONVEYANCE AND CONSIDERATION 2.1. For the reasons stated above, and in consideration of the mutual covenants, terms, conditions, and restrictions contained in this Easement, and other good and valuable consideration provided by the Parties, Grantor hereby voluntarily grants, conveys, and quit claims to Grantee a conservation easement in perpetuity over the Protected Property, consisting of certain rights in the Protected Property, as set forth in this Easement, subject only to the restrictions contained in this Easement. 2.2. This conveyance is a conveyance of an interest in real property under the provisions of RCW 64.04.130 and RCW 84.34.210. 2.3. This grant shall be subject to easements, restrictions, interests, and water rights of record as of the effective date of this Easement, including, but not limited to, those set forth in Exhibit C, which is attached and incorporated into this Easement by this reference. 2.4. Grantor expressly intends that this Easement run with the land and that this Easement shall be binding upon Grantor's successors and assigns. 2.5. This Easement does not transfer any water or water rights. This Easement also does not transfer, or create any entitlement in, any credit from, or rights in the credits from, the Mitigation Bank. 3. PURPOSE The purpose of this Easement is to assure that the Protected Property will be retained forever in its condition as wetland and other aquatic and riparian habitat of fish, wildlife, and plants,providing the wetland, aquatic and riparian functions and values described in the Baseline Documentation, and to prevent any use of, or activity on,the Protected Property that will impair or interfere with the Conservation Values (the"Purpose"). Grantor intends that this Easement will confine the use of, or activity on, the Protected Property to such uses and activities that are consistent with this Purpose. This Easement shall not be construed as affording to the general public physical access to any portion of the Protected Property. 4. RIGHTS CONVEYED TO GRANTEE To accomplish the Purpose of this Easement, the following rights are conveyed to Grantee by this Easement: 4.1. Identification and Protection. To identify,preserve and protect in perpetuity, unless sooner extinguished or terminated as otherwise provided under this Easement, and to restore or enhance by mutual agreement, the Conservation Values. 4.2. Access. 4.2.1. To enter the Protected Property annually, at a mutually agreeable time and Springbrook Conservation Easement 3 October 3, 2006 upon prior written notice to Grantor, for the purpose of making a general inspection to monitor compliance with this Easement. 4.2.2. To enter the Protected Property at such other times as are necessary if Grantee reasonably believes that a violation of the Easement is occurring or has occurred, for the purpose of mitigating or terminating the violation and otherwise enforcing the provisions of this Easement. Such entry shall be upon prior reasonable notice to Grantor, and Grantee shall not in any case unreasonably interfere with Grantor's use of the Protected Property. 4.2.3. To enter the Protected Property, at mutually agreeable times and upon prior written notice to Grantor, to exercise any other affirmative rights as expressly provided for herein. 4.3. Scientific/Educational Use. To allow persons or groups to enter the Protected Property for educational, scientific, and biological purposes to observe and study on the Protected Property;provided that any such persons or groups first are approved by Grantor, which approval shall not be unreasonably withheld, delayed, or conditioned, make prior arrangements with Grantor, agree to provide Grantor with copies of any data or reports resulting from such observation or study, and agree to abide by any reasonable restrictions on access set forth by Grantor. Grantor and Grantee agree that all persons or groups given permission to enter the Protected Property shall sign a waiver, substantially in the form attached to this Easement as Exhibit D, which is incorporated herein by this reference. This waiver is intended to release Grantor, Grantee and Assignee from all liability to the extent allowed by law. 4.4. Injunction and Restoration. To enjoin any use of, or activity on, the Protected Property that is inconsistent with the Purpose of this Easement, and to undertake the restoration of such areas or features of the Protected Property as may be damaged by uses or activities inconsistent with the provisions of this Easement, all in accordance with Section 9. 4.5. Enforcement. To enforce the terms of this Easement, consistent with Section 9. 4.6. Assignment. To assign, convey, or otherwise transfer Grantee's interest in the Protected Property in accordance with Section 13 and subject to Section 11.4. 4.7. Baseline Documentation. 4.7.1. Within sixty(60) days after the effective date of this Easement, within sixty days (60) after the recording of any amendment hereof under Section 12.1 below and thereafter as provided in Section 4.7.2 below, Grantee shall document specifically the Conservation Values in an inventory of relevant features of the Protected Property, which Grantee shall maintain on file at its offices and which shall be incorporated into this Easement by this reference ("Baseline Documentation"). The Baseline Documentation shall consist of reports, maps, photographs, and other documentation that provide, collectively, an accurate representation of the Protected Property. The Baseline Documentation is intended to serve as an objective, although nonexclusive, information baseline for monitoring compliance with the terms and conditions of this Easement. Springbrook Conservation Easement 4 October 3, 2006 .r New 4.7.2. As previously noted, the additional restoration and enhancement work under the Banking Agreements that may occur on the Protected Property is likely to enhance significantly the Conservation Values. Grantee may from time-to-time and as necessary update the Baseline Documentation to reflect such work and to document the enhanced Conservation Values resulting there from for purposes of monitoring compliance with the terms and conditions of this Easement. 4.8. Maintenance of Protected Property. To control non-native, noxious weeds and invasive weeds (collectively "Weeds"), the exercise of which shall be in Grantee's sole discretion, and acknowledging that Grantor is required to comply with all applicable state and local laws for controlling weeds on the Protected Property(see Section 5.11.1,below). Grantee shall provide Grantor 10 days prior written notice of its intent to exercise this right to control Weeds on the Protected Property. 5. GRANTOR'S RESERVED RIGHTS AND OBLIGATIONS 5.1. General. Grantor reserves for itself and its successors and assigns all rights accruing from ownership of the Protected Property, including, but not limited to, the right to sell, lease, and devise the Protected Property and the right to engage in, or permit or invite others to engage in, any use of, or activity on, the Protected Property that is not inconsistent with the Purpose of the Easement and that is not prohibited by this Easement. Without limiting the generality of this Section 5.1, Grantor specifically reserves for itself and its successors and assigns, the following uses and activities: 5.2. Recreation. The undertaking of recreational activities on a non commercial basis, such as hiking, bird watching and the public's use of the pedestrian trail provided for in Section 5.5 below,provided that such activities are conducted in a manner and intensity that does not cause more than a de minimis adverse impact on the Conservation Values. 5.3. Fences. The construction and maintenance of fences within or around the Protected Property. 5.4. Habitat Stewardship,Restoration, and Enhancement. Constructing, installing,planting, maintaining, and engaging in other activities to maintain or further restore or enhance the Conservation Values in accordance with the Banking Agreements and any final design,construction or management plans and bid specifications subsequently developed in conformance with the Banking Agreements, as may be amended from time to time, ("Mitigation Bank Plans and Specifications"), which may include, but are not limited to:planting and irrigating plants; removing and controlling weeds; maintaining berms, log weir in Unit C, and water conveyance structure in Unit D; and creating new wetlands. Grantor shall provide Grantee Mitigation Bank Plans and Specifications relating to: any proposed use of herbicides for Weed control; grading and excavation plans; the alteration or manipulation of natural water courses; or the creation of new wetlands,water impoundments, channels or water courses and shall provide Grantee with prior written notice of any material deviation from such Plans and Specifications relating to such activities. Motorized and mechanized vehicles may be used in furtherance of, Springbrook Conservation Easement 5 October 3, 2006 and to facilitate, the foregoing activities, provided that any off-road use thereof does not cause more than a de minimis adverse impact on the Conservation Values. If Grantor has conveyed or assigned its rights to engage in the activities described in this Section 5.4 to Grantee or third parties, Grantor covenants to not interfere with such restoration and/or enhancement, including, but not limited to, by the exercise of any rights reserved to Grantor under this Easement. 5.5. Pedestrian Trail. Construction and maintenance of an elevated public pedestrian trail generally eight feet in its width, constructed of plastic wood, cedar timber, and/or other nontoxic materials, and located in Unit A at the approximate location shown on Exhibit B, provided that the trail design and construction shall be in accordance with the Mitigation Bank Plans and Specifications. 5.6. Maintenance. Taking various actions necessary to protect the Conservation Values and other features of the Protected Property from beavers and to otherwise mitigate for the impacts of beavers on the Protected Property, including, but not limited to, trapping beavers, removing trees, installing devices to interfere with activities of beavers, and removing and otherwise destroying beaver dams and lodges. 5.7. Signs. The installation and maintenance of signs provided that such installation does not cause more than a de minimis adverse impact on the Conservation Values. Signs in excess of twenty-five (25) square feet in area need prior written approval by Grantee of sign location and design. 5.8. Scientific/Educational Use. To allow persons or groups to enter the Protected Property for educational, scientific, and biological purposes to observe and study on the Protected Property. Grantor and Grantee agree that,with the exception of the general public's use of the pedestrian trail provided for in Section 5.5 above, all persons or groups given permission to enter the Protected Property shall sign a waiver, substantially in the form attached to this Easement as Exhibit D, which is incorporated herein by this reference. This waiver is intended to release Grantor, Grantee and Assignee from all liability to the extent allowed by law. 5.9. Protection of Health or Safety. The undertaking of other activities necessary to protect health or safety, or that are actively required by and subject to compulsion of any governmental agency with authority to require such activity;provided that any such activity shall be conducted so that significant adverse impacts on the Conservation Values are avoided, or, if avoidance is not possible,minimized to the greatest extent possible under the circumstances. 5.10 Utilities Infrastructure. Routine maintenance, improvement, operation, removal,repair or replacement of existing City of Renton and King County utilities currently occupying those areas that are designated as "Reserved for City of Renton Utilities Infrastructure" and as "King County Sewer Easement" on Sheets 12 through 19 inclusive of the City of Renton Lot Line Adjustment No. LUA-06-095-LLA, recorded under King County recording No. 20060824900007, copies of which are attached to Exhibit C to this Easement. Springbrook Conservation Easement 6 October 3, 2006 5.11 Grantor's Obligations. 5.11.1. Noxious Weed Control. Grantor shall comply with all state and local requirements for controlling noxious weeds within the Protected Property. 5.11.2. Structures, Facilities and Improvements. Grantor shall maintain all structures, facilities and improvements associated with the foregoing activities, including roads, trails and fences, that are within the Protected Property and are merely incidental to the functionality of the mitigation site, but that are necessary to Mitigation Bank management activities, for as long as necessary to serve the needs of the long term management phase, as described in the Banking Agreements and related documents. 5.11.3 Access &Non-Interference. Grantor shall provide access to the Banking Agencies or their agents or designees as needed to fulfill their obligations, as set forth in the Banking Agreements. In the event that Grantor assigns its responsibilities under the Long-Term Management Plan("Plan"), as provided for in the Banking Agreements, Grantor shall refrain from impeding or otherwise interfering with implementation of the Plan. Activities in furtherance of the Plan are to be carried out by the Sponsors or their assignees as approved by the Banking Agencies. Such activities may include, but are not limited to, maintenance and repair of water control structures; maintenance, repair, removal, or abandonment of structural elements of the Mitigation Bank; and removal of invasive plant species. 6. USES AND ACTIVITIES INCONSISTENT WITH THE PURPOSE OF THE EASEMENT 6.1. General. Any use of, or activity on, the Protected Property inconsistent with the Purpose of this Easement is prohibited, and Grantor acknowledges and agrees that it will not conduct, engage in, or permit any such use or activity. Without limiting the generality of the foregoing, the following uses of, or activities on, the Protected Property, although not an exhaustive list of inconsistent uses or activities, are inconsistent with the Purpose of this Easement and shall be prohibited: 6.1.1. Subdivision. The legal or"de facto"division or subdivision of the Protected Property, which shall include, but not be limited to, any subdivision, short subdivision, platting, binding site plan, or other process by which the Protected Property is divided into lots. This prohibition shall not be interpreted to preclude any lot line adjustment that does not create a number of lots that is greater than the number of lots in existence on the effective date of this Easement. 6.1.2. Construction. The placement, installation, or construction of any buildings, structures, or other improvements of any kind, including, but not limited to, roads, railroads, utilities, cellular phone towers, septic systems,wells,recreational facilities, and parking lots, except as expressly provided in Section 5 above, including, specifically, those uses and activities provided for in the Mitigation Bank Plans and Specifications. 6.1.3. Alteration of Land. The alteration of the surface of the land, including, Springbrook Conservation Easement 7 October 3, 2006 mirre without limitation, the excavation or removal of soil, sand, gravel, rock,peat, or sod, except in conjunction with a use or activity expressly allowed in Section 5 above, including, specifically, those uses and activities provided for in the Mitigation Bank Plans and Specifications. 6.1.4. Erosion or Water Pollution. Any use or activity that causes or is likely to cause significant soil degradation or erosion or significant pollution of any surface or subsurface waters. For the purposes of this Easement, the uses and activities expressly allowed under Section 5 above, including, specifically,those uses and activities provided for in the Mitigation Bank Plans and Specifications, shall be deemed to not violate this prohibition. 6.1.5. Removal of Trees and Other Vegetation. The pruning, topping, cutting down, uprooting, girdling, or other destruction or removal of live and dead trees and other vegetation, except as expressly provided in Section 5 above or in conjunction with a use or activity expressly allowed in Section 5 above, including, specifically, those uses and activities provided for in the Mitigation Bank Plans and Specifications. 6.1.6. Waste Disposal. The disposal, storage, or Release of Hazardous Substances, rubbish, garbage, debris, unregistered vehicles, abandoned equipment, parts thereof, or other offensive waste or material. The term"Release"shall mean release, generation, treatment, disposal, storage, dumping, burying, or abandonment. The term"Hazardous Substances" shall mean any substances, materials, or wastes that are hazardous, toxic, dangerous, or harmful, or are designated as, or contain components that are, or are designated as, hazardous, toxic, dangerous, or harmful, and/or that are subject to regulation as hazardous, toxic, dangerous, or harmful or as a pollutant by any federal, state, or local law,regulation, statute, or ordinance, including, but not limited to,petroleum or any petroleum product. 6.1.7. Mining. The exploration for, or development and extraction of, oil, gas, coal, limestone, fossils,metals, geothermal resources, sand, gravel, or rock of any type on or below the surface of the Protected Property,except as expressly provided in rights of record as of the effective date of this Easement, as set forth in Section 2.3 and Exhibit C. 6.1.8. Recreational Activities. The undertaking of recreational activities and the installation or construction of improvements in furtherance of the same, except as expressly provided in Section 5 above. 7. NOTICE AND APPROVAL 7.1. Notice. 7.1.1. Grantor. Certain provisions of this Easement require Grantor to notify Grantee and/or to receive Grantee's written approval prior to undertaking certain permitted uses and activities (e.g., Sections 5.4 [habitat stewardship—material deviations form Mitigation Bank Plans and Specifications], 5.7 [signage], and 11.3 [subsequent transfers)). The purpose of requiring Grantor to notify Grantee prior to undertaking these permitted uses and activities is to afford Grantee an adequate opportunity to ensure that the use or activity in question is designed and carried out in a manner consistent with the Purpose of this Easement. Whenever such notice Springbrook Conservation Easement 8 October 3, 2006 Now is required, Grantor shall notify Grantee in writing not less than thirty(30) days prior to the date Grantor intends to undertake the use or activity in question. The notice shall describe the nature, scope, design, location, timetable, and any other material aspect of the proposed use or activity in sufficient detail to permit Grantee to make an informed judgment as to its consistency with the terms of this Easement and the Purpose thereof. 7.1.2. Grantee. Certain provisions of this Easement require Grantee to give notice to Grantor prior to undertaking certain activities (e.g., Sections 4.2 [access], 4.3 [scientific/educational use], 4.8 [weed control], 10.2 [taxes], and 13.1 [assignment]). Whenever such notice is required, Grantee shall notify Grantor in writing not less than thirty(30) days prior to the date Grantee intends to undertake the use or activity in question, unless otherwise provided for by this Easement. 7.2. Approval. Where approval by one of the Parties is required under this Easement, such approval shall be granted or denied in writing within thirty(30) days of receipt of a written request for approval, and such approval shall not be unreasonably withheld, delayed or conditioned. Such approval may include reasonable conditions consistent with the Banking Agreements that must be satisfied in undertaking the proposed use or activity. 7.3. Optional Consultation. If Grantor is unsure whether a proposed use or activity is prohibited by this Easement, Grantor may consult Grantee by providing Grantee a written notice describing the nature, scope, design, location, timetable, and any other material aspect of the proposed use or activity in sufficient detail to permit Grantee to make an informed judgment as to its consistency with the Purpose of this Easement and to provide comments thereon to Grantor. This Section 7.3 does not itself impose a requirement of prior approval of the activity described in any such notice. 7.4. Addresses. Any notice, demand, request, consent, approval, or communication that any party desires or is required to give to the others shall be in writing and either personally delivered or sent by first class certified mail,postage prepaid, or by facsimile(if available)with original dispatched by certified mail, addressed as follows, or to such other address as any party from time to time shall designate by written notice to the others: To Grantor: City of Renton 1055 South Grady Way Renton, WA 98055 Attn: Surface Water Utility Engineering Supervisor To Grantee: Cascade Land Conservancy 615 Second Avenue, Suite 625 Seattle, WA 98104 Attn: Senior Conservation Director To Assignee: Washington State Department of Transportation P.O. Box 47338 Olympia, WA 98504-7338 Springbrook Conservation Easement 9 October 3, 2006 :tl vot Nor Attn: Director, Real Estate Services And to Washington State Department of Transportation P.O. Box 47331 Olympia, WA 98504-7331 Attn: Director, Environmental Services 8. ALTERNATIVE DISPUTE RESOLUTION 8.1. Preventive Discussions. Grantor and Grantee will promptly give the other notice of problems or concerns arising in connection with the other's actions under the Easement or the use of or activities or conditions on the Protected Property, and will meet as needed,but no later than fifteen(15)days after receipt of a written request for a meeting,to minimize the same. The party giving notice according to this section shall provide a copy thereof to Assignee. 8.2. Mediation/Alternative Dispute Resolution. If a dispute arises between the Parties concerning the consistency of any present or proposed use or activity with the Purpose of this Easement, and if Grantor agrees not to continue or proceed with the use or activity pending resolution of the dispute, the Parties shall meet together to discuss the dispute and attempt resolution. If the dispute is not resolved through preventive discussions, either party may thereafter refer the dispute to mediation by request made in writing to the other with a copy to Assignee, or the Parties may,by mutual agreement, utilize other forms of alternative dispute resolution. Within thirty(30)days of the receipt of a mediation request, the Parties shall select a single mediator to hear the matter. The matter shall be settled in accordance with any Washington State mediation statute then in effect. 9. JUDICIAL RESOLUTION 9.1. Notice of Violation, Corrective Action. If either party determines that the other is in violation of the terms of this Easement or that a violation is threatened, they shall give written notice to the other of such violation and demand corrective action sufficient to cure the violation and, where the violation involves injury to the Protected Property resulting from any use or activity inconsistent with the Purpose of this Easement, to restore the portion of the Protected Property so injured to its prior condition in accordance with a plan approved by Grantee. The party giving notice according to this section shall provide a copy thereof to Assignee. 9.2. Failure to Respond. Either party may bring an action as provided in Section 9.3 below if the other party: 9.2.1. Fails to cure the violation within thirty(30) days after receipt of a notice of violation; or 9.2.2. Under circumstances where the violation cannot reasonably be cured Springbrook Conservation Easement 10 October 3, 2006 within a thirty(30)day period, fails to begin curing the violation within the thirty(30) day period and fails to continue diligently to cure such violation until finally cured. 9.3. Action. 9.3.1. Injunctive Relief. Either party may bring an action at law or in equity in a court having jurisdiction to enforce the terms of this Easement: 9.3.1.1. To enjoin the violation, ex parte as necessary and as allowed under the applicable civil rules,by temporary or permanent injunction; and 9.3.1.2. To require the restoration of the Protected Property to the condition that existed prior to any such injury. 9.3.2. Damages., The prevailing party shall be entitled to recover damages for violation of the terms of this Easement or injury to any Conservation Values protected by this Easement. Without limiting Grantor's liability in any way, Grantee shall first apply any damages recovered to the cost of undertaking corrective or restoration action on the Protected Property. 9.4. Emergency Enforcement. If Grantee, in its sole discretion, determines that circumstances require immediate action to prevent or mitigate significant damage to the Conservation Values, Grantee may pursue its remedies under this Section 9 without prior notice to Grantor or without waiting for the period provided for cure to expire. 9.5. Scope of Relief. Grantee's rights under this Section 9 apply equally in the event of either actual or threatened violations of the terms of this Easement. Grantor agrees that Grantee's remedies at law for any violation of the terms of this Easement are inadequate and that Grantee shall be entitled to the injunctive relief described in this Section 9,both prohibitive and mandatory, in addition to such other relief to which Grantee may be entitled, including specific performance of the terms of this Easement,without the necessity of proving either actual damages or the inadequacy of otherwise available legal remedies. Grantee's remedies described in this Section 9 shall be cumulative and shall be in addition to all remedies now or hereafter existing at law or in equity. 9.6. Costs of Enforcement. Except as provided in Section 8.1 above, in the event a party to this Easement finds it necessary to bring an action at law or other proceeding against the other party to enforce any of the provisions of this Easement, or by reason of any breach or default under this Easement, the prevailing party in any such action or proceeding shall be paid all costs and reasonable attorneys' fees by the other party. 9.7. Discretion in Enforcement. Enforcement of the terms of this Easement shall be at the discretion of Grantee, and any forbearance by Grantee to exercise its rights under this Easement in the event of any breach of any terms of this Easement by Grantor, its agents, employees, contractors, invitees or licensees shall not be deemed or construed to be a waiver by Grantee of such term of any of Grantee's rights under this Easement. No delay or omission by Grantee in the exercise of any right or remedy upon any breach by Grantor shall impair such Springbrook Conservation Easement 11 October 3, 2006 tior 1110 right or remedy or be construed as a waiver. 9.8. Acts Beyond Party's Control. Neither Grantor nor Grantee shall be in default or violation as to any obligation created hereby and no condition precedent or subsequent shall be deemed to fail to occur if such party is prevented from fulfilling such obligation by, or such condition fails to occur due to: 9.8.1. Actions by trespasser upon the Protected Property; 9.8.2. Forces beyond such party's reasonable control, caused by a natural or human-caused catastrophic event or a deliberate and unlawful act by a third-party,which forces by exercise of due diligence and foresight such party could not reasonably have expected to avoid. A natural catastrophic event includes a flood equal to or greater in magnitude than the 100-year flood event, an earthquake of a force projected from an earthquake with a return period of 475 years, or a debilitating drought, disease, wildfire, depredation,regional pest infestation, or fluvioigeomorphic change. A human-caused catastrophic event includes war, insurrection,riot or other civil disorders, spill of a hazardous or toxic substance, or fire. A deliberate and unlawful act includes the dumping of a hazardous or toxic substance, vandalism, or arson; or 9.8.3. Any action deemed reasonable by Grantor under emergency conditions to prevent, abate, or mitigate significant injury to the Protected Property resulting from such causes. In the event the terms of this Easement are violated by acts of trespassers, Grantor agrees, at Grantee's option and expense, to join in any suit, to assign its right of action to Grantee, or to appoint Grantee its attorney in fact, for the purpose of pursuing enforcement action against the responsible parties. 9.9. Compliance Certificates. Upon request by Grantor, Grantee shall within thirty (30)days execute and deliver to Grantor, or to any party designated by Grantor, any document, including a letter of compliance,that certifies,to the best of Grantee's knowledge,the status of Grantor's compliance with any obligation of Grantor contained in this Easement and otherwise evidences the status of this Easement. 10. COSTS,LIABILITIES,TAXES,ENVIRONMENTAL COMPLIANCE,AND INDEMNIFICATION 10.1. Costs, Legal Requirements,Liabilities and Insurance. Grantor retains all responsibilities and shall bear all costs and liabilities of any kind related to the ownership, operation, upkeep, and maintenance of the Protected Property. 10.2. Taxes and Other Costs. Grantor shall pay any taxes, fees and charges assessed against the Protected Property by governmental authority as they become due, including taxes imposed upon, or incurred as a result of, this Easement, and shall furnish Grantee with satisfactory evidence of payment upon request. To preserve its rights under this Easement, Grantee may, but is in no event obligated to, make payment of any taxes upon five (5) days prior written notice to Grantor, in accordance with any bill, statement, or estimate procured from the Springbrook Conservation Easement 12 October 3, 2006 appropriate authority, without inquiry into the validity of the taxes or the accuracy of the bill, statement or estimate, and the obligation to Grantee created by such payment will bear interest until paid by Grantor at the same rate imposed by the relevant governmental authority for the late payment of the tax so paid by Grantee. 10.3. Representations and Warranties. Grantor represents and warrants that to Grantor's actual knowledge, and except as disclosed to Grantee in writing prior to the effective date of this Easement: 10.3.1. There are no apparent or latent defects in or on the Protected Property, such as an open well, garbage dump, abandoned underground tanks, or hazardous waste dump; and 10.3.2. Grantor and the Protected Property are in compliance with all federal, state, and local laws, regulations, and requirements applicable to the Protected Property and its use, including,but not limited to, environmental laws, regulations, and requirements. 10.4. Control. Nothing in this Easement shall be construed as giving rise, in the absence of a judicial decree, to any right or ability in Grantee to exercise physical or managerial control over the day-to-day operations of the Protected Property, or any of Grantor's activities on the Protected Property, or otherwise to become an operator with respect to the Protected Property within the meaning of the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended("CERCLA"), and the Model Toxics Control Act,as amended ("MTCA"). 10.5. Grantor's Indemnification. Grantor shall hold harmless, indemnify, and defend Grantee and its members, directors, officers, employees, agents, and contractors (collectively "Grantee Indemnified Parties") from and against all liabilities,penalties, costs, losses, damages, expenses, causes of action, claims, demands, or judgments, including,without limitation, reasonable attorneys' and consultants' fees, arising from or in any way connected with breach of its representations and warranties or injury to or the death of any person, or physical damage to any property, resulting from any act, omission, condition, or other matter related to or occurring on or about the Protected Property that is not a consequence of any action or omission of any of the Grantee Indemnified Parties on or about the Protected Property. 10.6. Grantee's Indemnification. Grantee shall hold harmless, indemnify, and defend Grantor and Grantor's members, directors, officers, employees, agents, and contractors (collectively "Grantor Indemnified Parties") from and against all liabilities, penalties, costs, losses, damages, expenses, causes of action, claims, demands, or judgments, including, without limitation, reasonable attorneys' and consultants' fees, arising from or in any way connected with injury to or the death of any person, or physical damage to any property, resulting from any act, omission, condition, or other matter related to or occurring on or about the Protected Property that is a consequence of Grantee's actions or omissions or the actions or omissions of Grantee's members, directors, officers, employees, agents, or contractors on or about the Protected Property. Springbrook Conservation Easement 13 October 3, 2006 11. EXTINGUISHMENT,CONDEMNATION,AND SUBSEQUENT TRANSFER 11.1. Extinguishment. If circumstances arise in the future that render the Purpose of this Easement impossible to accomplish, this Easement can only be terminated or extinguished, whether in whole or in part, by the Parties' mutual agreement and with the written approval of the Banking Agencies, or by judicial proceedings of a court having jurisdiction. Unless otherwise agreed to by the Parties, Grantee shall have no compensable interest in this Easement under such circumstances and Grantee acknowledges that its compensation relating to its obligations under this Easement is provided for under separate agreement with the Grantor. The immediately foregoing provision shall be limited solely to the circumstances described in this Section 11.1, and shall not be interpreted to have any application or inference to any other provision of, or circumstance under, this Easement, including,but not limited to, those provisions pertaining to Grantee's rights to enforce the terms of this Easement and Grantee's rights to damages to, or the cost of restoring, the Conservation Values. 11.2. Condemnation. If the Easement is taken,in the whole or in the part, by the exercise of the power of eminent domain, Grantee shall not be entitled to compensation and the entirety of any compensation award shall belong to Grantor. The immediately foregoing provision shall be limited solely to the circumstances described in this Section 11.2, and shall not be interpreted to have any application or inference to any other provision of, or circumstance under,this Easement, including, but not limited to,those provisions pertaining to Grantee's rights to enforce the terms of this Easement and Grantee's rights to damages to, or the cost of restoring, the Conservation Values. 11.3. Subsequent Transfers. Grantor agrees to: 11.3.1. Incorporate the terms of this Easement by reference in any deed or other legal instrument by which it divests itself of any interest in all or a portion of the Protected Property, including, without limitation, a leasehold interest; 11.3.2. Describe this Easement in and append it to any executory contract for the transfer of any interest in the Protected Property; and 11.3.3. Give written notice to Grantee of the transfer of any interest in all or a portion of the Protected Property prior to the date of such transfer. Such notice to Grantee shall include the name, address, and telephone number of the transferee or the transferee's representative. The failure of Grantor to perform any act required by this Section 11.3 shall not impair the validity of this Easement or limit its enforceability in any way. 11.4. No Merger. In the event that Grantee acquires the fee title to the Protected Property, it is Grantor's and Grantee's intention that no merger of title shall take place that would merge the restrictions of this Easement with fee title to the protected property and thereby eliminate them, and that the restrictions on the use of the Protected Property, as embodied in this Springbrook Conservation Easement 14 October 3, 2006 NNW Easement, shall, in the event title becomes vested in Grantee,become and remain permanent and perpetual restrictions on the use of the Protected Property. Furthermore, the Grantee agrees to incorporate the provisions in this Grant Deed of Conservation Easement in any subsequent conveyance of an interest in the Protected Property. 12. AMENDMENT 12.1. Amendment to Expand Area. Grantor and Grantee are free to jointly amend this Easement to increase the real property that is subject to this Easement,provided that any such additional real property is contiguous with the property that is already subject to this Easement. Any such amendment shall be recorded in the official records of King County, Washington, and any other jurisdiction in which such recording is required. 12.2 Other Amendments. If circumstances arise under which any other amendment to or modification of this Easement would be appropriate, Grantor and Grantee are free to jointly amend this Easement upon approval of such amendment or modification by the Banking Agencies. Any such amendment shall be recorded in the official records of King County, Washington, and any other jurisdiction in which such recording is required. 13. ASSIGNMENT AND SUCCESSION 13.1. Assignment Generally. With Grantor's written approval, which will not be unreasonably withheld, conditioned, or delayed, and the Banking Agencies' written approval, this Easement is transferable, but Grantee may assign its rights and obligations under this Easement only to an organization that is authorized to acquire and hold conservation easements under RCW 64.04.130 or RCW 84.34.210(or any successor provision(s)then applicable). As a condition of such transfer, Grantee shall require that the transferee exercise its rights under the assignment consistent with the Purpose of this Easement. Grantee shall notify Grantor in writing forty-five(45) days prior to such assignment at Grantor's last known address. 13.2. Assignment to WSDOT. The Grantee agrees to assign this Easement to the Washington State Department of Transportation("Assignee") at such time as all of the Assignee's banking credits have been sold,used or transferred, or the Sponsors have permanently ceased banking activities, whichever occurs earlier(Termination of Assignee's Mitigation Bank Operational Life). Assignee shall certify in writing to Grantor, Grantee and the Bank Oversight Committee that the events necessary for Termination of Assignee's Mitigation Bank Operational Life have occurred, and that Assignee requests Assignment of the Easement pursuant to this Section. Upon Grantee's receipt of Grantor's written approval, which will not be unreasonably withheld, conditioned, or delayed, and receipt of the Banking Agencies' written approval, Grantee shall assign, and WSDOT shall accept assignment under an Assignment of Easement substantially in the form of Exhibit E. Assignee will be obligated to all terms of this Easement and will hold this Easement as Grantee from that point on in perpetuity. 13.3. Succession. If at any time(a) it becomes impossible for Grantee to ensure compliance with the covenants, terms, conditions and restrictions contained in this Easement, (b) the Grantor and the Banking Agencies, or the Banking Agencies alone, determine that this Springbrook Conservation Easement 15 October 3, 2006 Easement should be assigned due to any reasons of actual non performance by the Grantee, including,but not limited to, circumstances under which actual non performance occurs because Grantee is the holder of both the fee title to the Protected Property and this Easement, (c) Grantee ceases to exist or to be authorized to acquire and hold conservation easements under RCW 64.04.130 and 84.34.210 (or any successor provision(s)then applicable), or(d) Grantee is otherwise released from its liabilities and obligations under the Easement,then, if Grantee has been provided forty five(45)days prior notice and opportunity to cure any non performance or otherwise remedy any other circumstance forming the basis of any transfer under this Section 13.3, and subject to the Preventative Discussion provisions under Section 8.2 above if applicable, Grantee's rights and obligations under this Easement shall become vested and fall upon the Banking Agencies or such other entity, with purposes similar to Grantee's,that is authorized to acquire and hold conservation easements under RCW 64.04.130 or RCW 84.34.210(or any successor provision(s)then applicable), to the extent that they shall accept this Easement; provided that if such vesting is deemed to be void under the Rule Against Perpetuities, the rights and obligations under this Easement shall vest in such organization as a court having jurisdiction shall direct, pursuant to the applicable Washington law and with due regard to the Purpose of this Easement. 14. RECORDATION Grantee shall record this Easement in a timely fashion in the official records of King County,Washington, and in any other appropriate jurisdictions, and may re-record it at any time as may be required to preserve its rights in this Easement. 15. GENERAL PROVISIONS 15.1. Controlling Law. The interpretation and performance of this Easement shall be governed by the laws of the State of Washington. 15.2. Liberal Construction. Any general rule of construction to the contrary notwithstanding, this Easement shall be liberally construed in favor of the grant to affect the Purpose of this Easement. If any provision in this Easement is found to be ambiguous, an interpretation consistent with the Purpose of this Easement that would render the provision valid shall be favored over any interpretation that would render it invalid. 15.3. Severability. If any provision of this Easement, or its application to any person or circumstance, is found to be invalid, the remainder of the provisions of this Easement, or the application of such provision to persons or circumstances other than those as to which it is found to be invalid, as the case may be, shall not be affected. 15.4. Entire Agreement. Except as to the Conservation Easement Reimbursement Agreement for Springbrook Creek Wetland and Habitat Mitigation Bank, all prior discussions, negotiations, understandings, communications,or oral agreements regarding this Easement have been superseded by, and are merged into, this Easement. 15.5. No Forfeiture. This Easement does not convey any interest in the Protected Springbrook Conservation Easement 16 October 3, 2006 Nque Now Property other than the rights specifically provided herein. 15.6. "Grantor"- "Grantee". The terms "Grantor" and "Grantee,"wherever used in this Easement, and any pronouns used in their place, shall be held to mean and include, respectively the above-named Grantor, and its successors and assigns, and the above-named Grantee, and its successors and assigns. 15.7. Successors and Assigns. The covenants, terms, conditions, and restrictions of this Easement shall be binding upon, and inure to the benefit of, the Parties to this Easement and their respective successors and assigns, and shall continue as a servitude running in perpetuity with the Protected Property, unless sooner terminated as expressly provided for herein. No term or provision of this Easement is intended to be, or shall be, for the benefit of any person, firm, organization, or corporation not a party to this Easement, and no such other person, firm, organization, or corporation shall have any right or cause of action hereunder, except as expressly provided in Section 13 above. 15.8. Termination of Rights and Obligations. A party's rights and obligations under this Easement terminate upon transfer of the party's interest in the Easement or Protected Property, except that liability for acts or omissions occurring prior to transfer shall survive transfer. 15.9. Counterparts. The Parties may execute this Easement in two or more counterparts,which shall be signed by all Parties. Each counterpart shall be deemed an original instrument as against any party who has signed it. In the event of any disparity between the counterparts produced, the recorded counterpart shall be controlling. 15.10. Recitals. Each recital set forth above is fully incorporated into this Easement. 15.11. Effective Date. The effective date of this Easement is the date of recording of this Easement. 15.12. Authority. The individuals signing below, if signing on behalf of any entity, represent and warrant that they have the requisite authority to bind the entity on whose behalf they are signing. 15.13. Captions. The captions in this Easement have been inserted solely for convenience and ease of reference and are not a part of this Easement and shall have no effect upon construction or interpretation. 16. SCHEDULE OF EXHIBITS 16.1. Exhibit A—Legal Description of Property Subject to Easement. 16.2. Exhibit B—Site Map(s). 16.4. Exhibit C—Permitted Exceptions Springbrook Conservation Easement 17 October 3, 2006 16.5 Exhibit D—Agreement for Release From Liability 16.6 Exhibit E—Assignment of Easement To HAVE AND TO HOLD unto Grantee, its successors and assigns forever. G��SS WHEREOF, the undersigned Grantor has executed this Easement this 3 day of , 2006. CITY OF RENTON, Grantor By I Kathy Keol er, Mayor The CASCADE LAND CONSERVANCY does hereby accept the above Grant Deed of Conservation Easement. Dated: lb • CASCADE LAND CONSERVANCY, Grantee By _ er-. .�� . •' � t."! //'_�i pp LL Y ica /'e$ 4..-,4 THE WASHINGTON STATE DEPARTMENT OF TRANSPORTATION does hereby accept its designation as Assignee��on the occurrence of those events described in Paragraph 13.2 above. Dated: V / WASHINGTON STATE DEPARTMENT OF TRANSPORTATION e, , By G, ald L% allinger Director of Real Es . e Services Springbrook Conservation Easement 18 October 3, 2006 low STATE OF WASHINGTON SS. COUNTY OF KING On this fA day of 0 C;1v At, 2006, before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned a d worn, personally appeared ..44'd t 'i, to me known to be the/ iU/ !° '"Y OF RENTON, the Washington limited liabilit company that executed the within and foregoing Easement, and acknowledged the said Easement to be the free and voluntary act and deed of said company for the uses and purposes therein mentioned, and on oath stated that he is authorized to execute the said Easement. WITNESS my hand and official seal hereto affixed the deal and year in this certificate above written. ��NEVI11 / y, . �`�Ci������•����u������ 11�/// liI LC %)/1),_,a, ' 771.0-4-- .soN CO+-4:51 AR A.ro',- /� NOTARY PUBLIC in and for he State of ii-r ttcoS Washington,r si in at K., 7Lt)1 %v " - =Z% Print Name: Ni le t ti 2't iy1t'�fl Pi �.,�� 'OUB-' c3 1 My commission expires �1J j 61)/2-001 //,'//"MCA*,9� �0 %`g`S %%% STATE OF WASHINGTON SS. COUNTY OF KING On this day of 2006, before me, the undersigned, a Notary Public in and for the State of Washington, dul o 'ssioned and sworn,personally appeared-Gely 0 eo for EgrPogittserr to me known to be the X of Cascade Land Conservancy, the Washington nonprofit corporation that executed the within and foregoing Easement, and acknowledged the said Easement to be the free and voluntary act and deed of said corporation for the uses and purposes therein mentioned, and on oath stated that he is authorized to execute the said Easement. WITNESS my hand and official seal hereto affixed the deal and year in this certificate above written. toomlimitil •a 'jam$r NO Y PUBLIC in and for the State of NOTARY E -...e-._. = Washington,residing at - y /40a L`C, Print Name:�(Az)1L� 1V! y'„ O� Off, My commission expires r 7 7/(�C1 • Op WA8H\*0�,``` *lint III IIINO Springbrook Conservation Easement 19 October 3, 2006 EXHIBIT A to GRANT DEED OF CONSERVATION EASEMENT Legal Description of Property Subject to Easement Units A, B and E of City of Renton Lot Line Adjustment No. LUA-06-095-LLA, recorded under King County Recording No. 20060824900007, as more particularly described in the attached Sheet 2 thereof; TOGETHER WITH Unit C of said Lot Line Adjustment, as more particularly described in the attached Sheet 2 thereof,EXCEPT that portion of said unit lying northerly of the southernmost line of the easement granted to Burlington Northern and Santa Fe Railway Co. recorded under King County Recording Number 20050303000964; and TOGETHER WITH the north 721 feet of Unit D of said Lot Line Adjustment, as more particularly described in the attached Sheet 2 thereof. Situated in Section 30,Township 23 North, Range 5 East, W.M., and in Sections 25 and 36 of Township 23 North,Range 4 East, W.M., all in the City of Renton, King County, Washington. Springbrook Conservation Easement 20 October 3, 2006 +rrr *.re QZ 1 I I < ¢ 30 j W< m K 8 U Yr �� Z 8gW m K < w ("�(''� « IY r� W =Z N a°Ze ° m a x W (Y.) w LI) CC CO MS 3W aun N f— z — g LI III 3 t A ((� MS 3W 3TCS3n.0 z v N rz LO N CO F o/ IN 2 $ OMONIAM ASNS 'OW 40W EXHIBIT C to GRANT DEED OF CONSERVATION EASEMENT Permitted Exceptions Those restrictions, reservations and protective covenants, and those easements identified as "remaining"or"portion remaining,"all as shown on Sheets 12 through 19 inclusive of the City of Renton Lot Line Adjustment No. LUA-06-095-LLA recorded under King County Recording No. 20060824900007,copies of which are attached hereto. Springbrook Conservation Easement 22 October 3, 2006 rr+ 'ror EXHIBIT D to GRANT DEED OF CONSERVATION EASEMENT Agreement for Release from Liability In consideration for permission to enter certain property, the Springbrook Creek Mitigation Bank, in King County, Washington, owned by City of Renton(hereafter the "Protected Property")to observe and study the ecology of the Protected Property, I hereby acknowledge and agree to the following: 1. My activities in the Protected Property involve many risks, including,but not limited to, risks of bodily injury/illness or death resulting from accident,poisonous plants or animals; 2. I am entering the Protected Property at my own risk and I assume full responsibility for the risk of bodily injury or death,whether foreseen or unforeseen, in connection with my activities in the Protected Property; 3. I HEREBY RELEASE,WAIVE AND DISCHARGE CITY OF RENTON and their personal representatives,heirs, successors, and assigns, and the CASCADE LAND CONSERVANCY and its personal representatives, successors, and assigns from any liability for harm or loss suffered by me in connection with my activities in the Protected Property, WHETHER BY NEGLIGENCE OR NOT, and I FURTHER SAVE AND HOLD HARMLESS CITY OF RENTON,WASHINGTON STATE DEPARTMENT OF TRANSPORTATION, and their personal representatives, heirs, successors or assigns, and the CASCADE LAND CONSERVANCY, and its personal representatives, successors, and assigns, from any and all liability, actions, causes of action, claims, demands of every kind and nature whatsoever by me or my family, estate,heirs, executors, administrators, legal representatives, successors or assigns arising out my activities in the Protected Property; 4. I hereby expressly agree that this"AGREEMENT FOR RELEASE FROM LIABILITY" is intended to be as broad and inclusive as permitted by the laws of the State of Washington, and if any portion thereof is held invalid, it is agreed that the balance shall,notwithstanding, continue in full force and effect; and 5. This "AGREEMENT FOR RELEASE FROM LIABILITY"contains the entire agreement between the parties hereto and that the terms of this Agreement are contractual in nature and not a mere recital; I understand all of the terms; and I am of lawful age and legally competent to sign this Agreement. ** I HAVE FULLY INFORMED MYSELF OF THE CONTENT OF THIS"AGREEMENT FOR RELEASE FROM LIABILITY"BY READING IT CAREFULLY BEFORE SIGNING IT. Name(print) Signature Date City/County/State Springbrook Conservation Easement 23 October 3, 2006 EXHIBIT E to GRANT DEED OF CONSERVATION EASEMENT Assignment of Easement Springbrook Conservation Easement 24 October 3, 2006 AFTER RECORDING RETURN TO: CITY OF RENTON 1055 South Grady Way Renton, WA 98055 Attn: Surface Water Utility Engineering Supervisor ASSIGNMENT OF GRANT DEED OF CONSERVATION EASEMENT Assignor: Cascade land Conservancy Assignee: Washington State Department of Transportation Legal Description Ptn of W 1/2 of Section 30, T23N, R5E, W.M. and Ptn of Section 25, T23N, R4E, W.M. and Ptn of NE 1/4 of the NW 1/4 of Section 36, T23N, R4E. W.M., all in the City of Renton, King County, Washington. Additional legal description: at Exhibit A. Assessor's Tax Parcel Numbers: 1) 125381-0090-05 (Unit A); 2)252304-9004 (Unit B); 3) Ptn of 252304-9019(Unit C); 4) Ptn of 362304-9002-06 (Unit D); and 4)125381-0240-04 (Unit E) Reference Number of Related Document [Easement]: THIS ASSIGNMENT OF GRANT DEED OF CONSERVATION EASEMENT ("Assignment") is entered into by and between CASCADE LAND CONSERVANCY, a Washington nonprofit company ("Assignor"), and the WASHINGTON STATE DEPARTMENT OF TRANSPORTATION, a state agency of the State of Washington ("Assignee") (collectively, the "Parties"). RECITALS A. Assignor is the Grantee under that certain Grant Deed of Conservation Easement, made by the City of Renton, Grantor, in favor of Grantee, dated , 2006, and recorded in the real property records of King County, Washington, under Auditor's File No. ("Easement"). The Easement is attached hereto as Exhibit B. Springbrook Conservation Easement 25 October 3, 2006 B. The Easement provides for the preservation and protection in perpetuity of certain real property located in King County, Washington (the "Protected Property"), as legally described in Exhibit A hereto. C. The City of Renton (Grantor of the Easement) and Assignee are collectively the sponsors of a mitigation bank, known as the Springbrook Creek Wetland and Habitat Mitigation Bank("Mitigation Bank"). The Easement is a condition of the operation of the Mitigation Bank. D. The Easement requires Assignor to assign the Easement to Assignee upon certain events (Termination of Assignee's Mitigation Bank Operational Life), which events have now occurred. E. Assignee is authorized to acquire and hold conservation easements under RCW 64.04.130. F. Assignor desires to assign all of its right, title and interest in the Easement to Assignee, and Assignee desires to accept all right,title and interest in the Easement. G. The City of Renton has provided Assignor with its written approval of this Assignment, as have the Washington Department of Ecology and the U.S. Army Corps of Engineers(the Banking Agencies). AGREEMENT NOW THEREFORE, intending to be legally bound and for good and valuable consideration, including the mutual covenants and promises of the parties, the adequacy and receipt of which is hereby acknowledged,the Parties agree as follows: 1. Assignment. 1.1 Assignor hereby assigns all of its right, title and interest in the Easement to Assignee in consideration for Assignee's assumption of all of Assignor's stewardship and management obligations under the Easement. Upon assignment, Assignor has no further rights, responsibilities or obligations under the Easement. 1.2 Assignee hereby assumes all of the rights and obligations of Assignor as Grantee under the Easement, and agrees to exercise its rights and obligations under this Assignment consistent with the Purposes and terms of the Easement. 2. Assignee's address for notices to Grantee under Section 7 of the Easement is: Washington State Department of Transportation P.O. Box 47338 Olympia, WA 98504-7338 Attn: Director,Real Estate Services Springbrook Conservation Easement 26 October 3, 2006 And Washington State Department of Transportation P.O. Box 47331 Olympia, WA 98504-7331 Attn: Director, Environmental Services 3. General Terms 3.1 Entire Agreement. This Assignment contains the entire integrated agreement of the Parties, including all of the covenants and conditions between the parties, with respect to the subject matter of this Assignment, and supersedes all prior correspondence, agreements, and understandings,both oral and written. 3.2 Authority. Each undersigned representative of the parties certifies that he or she is fully authorized to enter into the terms and conditions of this Assignment and to legally execute, and bind such party to,this Assignment. 3.3 Recitals. Each recital and exhibit set forth above is fully incorporated into this Assignment. 3.4 Effective Date. The effective date of this Assignment shall be the earliest date by which both Assignor and Assignee have executed this instrument. To HAVE AND TO HOLD unto Assignee, its successors and assigns forever. IN WITNESS WHEREOF,the undersigned Assignor has executed this Assignment this_day of , 20_ CASCADE LAND CONSERVANCY,Assignor By [name] [title] The WASHINGTON STATE DEPARTMENT OF TRANSPORTATION does hereby accept the above Assignment of Grant Deed of Conservation Easement. Dated: WASHINGTON STATE DEPARTMENT OF TRANSPORTATION By [name] [title] Springbrook Conservation Easement 27 October 3, 2006 *11M STATE OF WASHINGTON ) ) ss. COUNTY OF KING ) On this day of 20_,before me, the undersigned,a Notary Public in and for the State of Washington,duly commissioned and sworn,personally appeared to me known to be the President of Cascade Land Conservancy,the Washington nonprofit corporation that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation for the uses and purposes therein mentioned,and on oath stated that s/he is authorized to execute the said instrument. WITNESS my hand and official seal hereto affixed the deal and year in this certificate above written. NOTARY PUBLIC in and for the State of Washington,residing at Print Name: My commission expires STATE OF WASHINGTON ) )ss. COUNTY OF KING ) On this day of 2006,before me,the undersigned,a Notary Public in and for the State of Washington,duly commissioned and sworn,personally appeared [name]to me known to be the [title] of the Washington State Department of Transportation,the agency of the State of Washington that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said agency for the uses and purposes therein mentioned,and on oath stated that s/he is authorized to execute the said instrument. WITNESS my hand and official seal hereto affixed the deal and year in this certificate above written. NOTARY PUBLIC in and for the State of Washington,residing at Print Name: My commission expires Springbrook Conservation Easement 28 October 3, 2006 EXHIBIT A to ASSIGNMENT OF GRANT DEED OF CONSERVATION EASEMENT Legal Description of Property Units A, B and E of City of Renton Lot Line Adjustment No. LUA-06-095-LLA, recorded under King County Recording No. 20060824900007, as more particularly described in the attached Sheet 2 thereof; TOGETHER WITH Unit C of said Lot Line Adjustment, as more particularly described in the attached Sheet 2 thereof, EXCEPT that portion of said unit lying northerly of the southernmost line of the easement granted to Burlington Northern and Santa Fe Railway Co. recorded under King County Recording Number 20050303000964; and TOGETHER WITH the north 721 feet of Unit D of said Lot Line Adjustment, as more particularly described in the attached Sheet 2 thereof. Situated in Section 30, Township 23 North, Range 5 East, W.M., and in Sections 25 and 36 of Township 23 North, Range 4 East, W.M., all in the City of Renton, King County, Washington. Springbrook Conservation Easement 29 October 3,2006 %Niv 4.10 EXHIBIT B to ASSIGNMENT OF GRANT DEED OF CONSERVATION EASEMENT Conservation Easement Springbrook Conservation Easement 30 October 3, 2006 EXHIBIT D CITY OF RENTON AND WSDOT ESTIMATED BANK PROJECT DEVELOPMENT COST SHARING THE SPRINGBROOK CREEK HABITAT AND WETLAND MITIGATION BANK FUNDING AGREEMENT TOTAL WSDOT CITY COST PAYS PAYS Development Costs BNSF Drainage Easement* $22,515 $0 $22,515 Sundry Site Plan Task A $23,168 $23,168 $0 Sundry Site Plan Task B $25,650 $25,650 $0 Release Private Property Rights** $8,250 $8,250 Conservation Easement Costs (current estimates) CLC Establishment Expenses *** $22,000 $20,690 $1,310 TOTAL CURRENT ESTIMATE $101,583 $69,508 $32,075 *WSDOT will reimburse the City for any BNSF Drainage Easement costs above$22,515 **The City will be responsible for any Release of Private Property Rights costs above$8,250. ***CLC Establishment Expenses are estimated. If actual costs differ,the City and WSDOT will equally share the difference between the estimated and actual cost.