Loading...
HomeMy WebLinkAboutAgenda AGENDA Transportation Committee Regular Meeting 4:15 PM - Monday, May 18, 2020 Videoconference 1. Rainier Flight Service Lease Amendment a) AB - 2635 Transportation Systems Division requests approval to execute Amendment 1-20 to LAG-19-001, lease with Rainier Flight Services, LLC, which results in an initial annual economic impact of $22,577.40 by bringing the land rental rate current; and benefits all parties by extending the organization's opportunity to meet construction deadlines. 2. Emerging Issues in Transportation - ADA Transition Plan Update - Ace Aviation Improvements - Airport Transition Plan a) ADA Transition Plan Presentation AB - 2635 City Council Regular Meeting - 04 May 2020 SUBJECT/TITLE: Amendment No. 1-20 to LAG-19-001 with Rainier Flight Service, LLC RECOMMENDED ACTION: Refer to Transportation (Aviation) Committee DEPARTMENT: Transportation Systems Division STAFF CONTACT: Jason Anderson, Interim Airport Manager EXT.: 7476 FISCAL IMPACT SUMMARY: Execution of Amendment 1-20 to LAG-19-001 between Rainier Flight Service, LLC (Rainier) and the City will result in annual lease revenue of at least $178,695, with scheduled increases based on CPI adjustments and an appraisal to determine the value of the 800 Parcel. This is a $22,577.40 annual increase from the current lease structure. In addition the original lease includes language that provides a lump sum payment to the City upon demolition of the 800 Parcel building, if appropriate. This Amendment leaves those provisions intact. SUMMARY OF ACTION: As provided for in the original lease, Rainier and Airport staff mutually desire to see the 800 Parcel redeveloped. In addition, Rainier and Airport staff mutually desire to see the 820 Parcel developed to include a single large combination hangar and office building, landside parking lot and adequate ramp space for parked aircraft. The terms and conditions in Section 10 of Appendix 1 in the original lease included deadlines for Rainier to reach milestones toward constructing improvements on the 800 and 820 Parcels. Section 9.d of Appendix 1 anticipates that a deadline will only be adjusted if Rainier demonstrates that despite its “good faith efforts” the deadline will not be met. The 820 Parcel’s deadlines began with a requirement to submit for complete permit application no later than December 1, 2019 and to commence construction no later than February 29, 2020.Rainier did not meet those deadlines.Under the terms of the original lease, failure to meet these deadlines means that the lease will expire on February 28, 2022, unless the lease is amended. Before the deadlines expired, in July and August 2019 Rainier approached the City with a request to consider granting an extension to their deadlines asserting the following reasons: • Rainier stated that it had advanced well into the design phase for the 820 Parcel. • Rainier stated that it was struggling to complete the survey work necessary to ensure all building and code requirements were met. Rainier specifically stated that its engineers could not pull core samples until the end of October 2019, preventing finalization of the foundation plan until later in the fall. Rainier stated that prior to such work, they could only make assumptions regarding utility work and final floor plan. • Rainier stated that beginning foundation work in the month of February is not ideal because the water table is high, driving up costs. AGENDA ITEM #1. a) In addition Rainier expressed its desire to extend the existing February 28, 2020 termination date of a sublease they have with The Boeing Company on the 820 Parcel as an accommodation to Boeing during the pendency of the anticipated construction. City staff considers Rainier’s construction-related reasons as “good faith efforts” justifying a renegotiation of certain of the original deadlines.Based on this and Rainier’s willingness to immediately commence payment to the City at the current Airport land rental rate of $1.10 per square foot, City staff recommends that the City Council agree to amend the lease to extend the 820 Parcel construction deadlines, lease back an office space area, amend the rental rates and make other necessary corrections and amendments, all as set forth in Amendment 1-20. EXHIBITS: A. Amendment 1-20 to Lease Agreement STAFF RECOMMENDATION: Authorize the Mayor and City Clerk to execute Amendment 1-20 to LAG-19-001 with Rainier Flight Service, LLC. Such authorization will have an initial increased annual economic impact of $22,577.40, and would benefit the City and Rainier respectively by bringing current the land rental rate earlier than the original lease required and re-establishing Rainier’s opportunity to meet the 820 Parcel construction deadlines so as to prevent the lease from expiring on February 28, 2022. AGENDA ITEM #1. a) AMENDMENT NO. 1 TO LEASE AGREEMENT City of Renton to Rainier Flight Service, LLC (Parcels 800 and 820) THIS AMENDMENT No. 1 (the “Amendment”) to Lease Agreement No. LAG-19- 001 is dated for reference purposes as _______________, 2020, and is made by and between the CITY OF RENTON, a Washington municipal corporation (“Landlord” or the “City”) and RAINIER FLIGHT SERVICE, LLC, a Washington limited liability company (“Tenant”). This Amendment amends that certain lease agreement filed under City file number LAG-19-001 dated February 28, 2019 (the “Lease Agreement” or “LAG-19-001”). This Amendment is effective as of the last date executed. WHEREAS, under LAG-19-001, Tenant is leasing from the City the two parcels identified as 800 and 820 West Perimeter Road (the “800 Parcel” and the “820 Parcel,” respectively) at the Renton Municipal Airport (the “Airport”); and WHEREAS, as originally established via an amendment to a prior lease agreement between Landlord and Tenant, Landlord desires to sublet from Tenant, and Tenant desires to sublet back to Landlord a 1,326-square foot office room known as the Northwest Corner Room located on the 800 Parcel, as depicted in Exhibit 1-A attached hereto; and WHEREAS, Appendix 1 to LAG-19-001 allows Tenant to construct improvements on the 800 and 820 Parcels, pursuant to the terms and conditions of said Appendix 1; and WHEREAS, the terms and conditions in Section 10 of Appendix 1 include deadlines for Tenant to reach milestones toward constructing improvements on the 800 and 820 Parcels. Section 9.d of Appendix 1 anticipates that a deadline will only be adjusted if Tenant demonstrates that despite its “good faith efforts” the deadline will not be met; and WHEREAS, the 820 Parcel’s deadlines began with a requirement to submit for complete permit application no later than December 1, 2019 and to commence construction no later than February 29, 2020; and WHEREAS, in July and August 2019, Tenant informally requested that Landlord considering granting an extension to these deadlines, asserting the following reasons: AGENDA ITEM #1. a) Amendment 1 to LAG-19-001 Page | 2 • Tenant stated that it had advanced well into the design phase for the 820 Parcel; • Tenant stated that it was struggling to complete the survey work necessary to ensure all building and code requirements were met. Specifically, Tenant stated that its engineers would not pull core samples until the end of October 2019, enabling subsequent finalization of the foundation plan. Tenant stated that prior to such work, Tenant could only make assumptions regarding utility work and final floor plan; and • Tenant stated that beginning foundation work in the month of February is not ideal because the water table is high, driving up costs. In addition, Tenant expressed its desire to extend the existing February 28, 2020 termination date of a sublease that Tenant has with The Boeing Company on the 820 Parcel as an accommodation to Boeing during the pendency of the anticipated construction; and WHEREAS, on November 14, 2019, Tenant representatives met with Landlord representatives to elaborate on Tenant’s request for extension to the 820 Parcel construction deadlines. During that meeting Tenant re-raised its desire to extend additional time to The Boeing Company on the 820 Parcel. Tenant also asserted that the geotechnical information it received in October 2019 regarding the 820 Parcel’s soil conditions would increase construction costs significantly beyond what Tenant had planned. In addition, Tenant asserted that utility work to support Tenant’s 820 Parcel construction would also exceed Tenant’s original plan; and WHEREAS, Landlord considered the information Tenant presented at the November 14, 2019 meeting; and WHEREAS, Landlord observes that Tenant’s desire to extend time to The Boeing Company’s sublease of the 820 Parcel is not, in and of itself, a basis for extending the 820 Parcel construction deadlines; and WHEREAS, Appendix 1’s first 820 Parcel construction deadline to submit for complete permit application no later than December 1, 2019 has now expired such that, without a Lease amendment, the Lease will expire on February 28, 2022 per Section 9.a. of Appendix 1; and AGENDA ITEM #1. a) Amendment 1 to LAG-19-001 Page | 3 WHEREAS, Landlord had Valbridge Property Advisors prepare an Appraisal Report for the Renton Municipal Airport, report dated May 29, 2019, which established the current land rental rate for the Airport at $1.10 per square foot; and WHEREAS, in exchange for Tenant agreeing to immediately commence payment to Landlord at the current Airport land rental rate of $1.10 per square foot, Landlord is willing to amend the Lease to extend the 820 Parcel construction deadlines as set forth in this Amendment. Such extension would benefit both Landlord and Tenant, respectively, by (1) bringing current the land rental rate early and (2) re-establishing Tenant’s opportunity to meet the 820 Parcel construction deadlines so as to prevent the Lease from expiring on February 28, 2022; and WHEREAS, Tenant has now further requested that Landlord also modify Tenant’s construction obligations as to the 800 Parcel to give Tenant more flexibility in determining whether to rebuild on the 800 Parcel, and Landlord is willing to amend as long as the 800 Parcel’s interests timely return to Landlord and at no cost to Landlord as set forth in this Amendment; NOW, THEREFORE, IN CONSIDERATION OF THE TERMS AND CONDITIONS HEREIN CONTAINED AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED, LANDLORD AND TENANT AGREE TO AMEND THE LEASE, LAG-19-001, AS SET FORTH BELOW: 1. Tenant hereby sublets back to Landlord a 1,326-square foot office room known as the Northwest Corner Room, as depicted in Exhibit 1-A attached hereto, and Landlord accepts the same. This amendment shall be incorporated into the Lease Agreement’s definition of the Premises. 2. Landlord and Tenant do hereby agree that Section 10.a of Appendix 1 of the Lease Agreement is amended to read as follows: 10.a. Schedule Milestones for the 800 Parcel Improvements. 10.a.(1). Milestone #1 - Tenant will submit a complete permit application for the demolition portion of the 800 Parcel Improvements no later than December 1, 2029, and shall complete demolition no later than April 1, 2030. (The date that the City determines that demolition is complete is the “Demolition Date.”) AGENDA ITEM #1. a) Amendment 1 to LAG-19-001 Page | 4 10.a.(2). Milestone #2 - Tenant will submit a complete permit application for the construction portions of the 800 Parcel Improvements to the City’s Department of Community and Economic Development (“CED”) no later than December 1, 2029. 10.a.(3). Milestone #3 - Tenant will commence construction no sooner than June 1, 2020 and no later than June 1, 2030. (The date that construction commences is the “800 Parcel Construction Date.”) Tenant shall notify the City of the 800 Parcel Construction Date. 10.a.(4). Milestone #4 - Tenant will complete all 800 Parcel Improvements within 18 months after the 800 Parcel Construction Date. 10.a.(5). Alternative Milestone - At Tenant’s option, as an alternative to the milestones set forth in Sections 10.a.(1) through 10.a.(4), above, if the Demolition Date occurs on or before April 1, 2030, Tenant may elect to terminate the Agreement as to the 800 Parcel only with such termination taking effect on the Demolition Date. 3. Landlord and Tenant do hereby agree that Section 9.b of Appendix 1 of the Lease Agreement is amended to read as follows: 9.b. The following shall apply unless Tenant proceeds with the Alternative Milestone set forth in Section 10.a.(5), below: If Tenant does not complete all 800 Parcel Improvements within 18 months of the 800 Parcel Construction Date (as defined below), the following will automatically apply and supersede any conflicting term or condition in LAG 19-001, Section 3: Tenant agrees to complete demolition on the 800 Parcel, and after such demolition is complete Tenant and Landlord will as soon as practicable amend the Lease to remove the 800 Parcel from the Lease by removing it from the definition of the term Premises and making all other related amendments to the Lease. 4. Landlord and Tenant do hereby agree that Sections 9.a. of Appendix 1 of the Lease Agreement is amended to delete the clause appearing in that section that reads “LAG 18-_____, Section 3” and to replace that clause with the following: “LAG 19- 001, Section 3”. 5. Landlord and Tenant do hereby agree that Section 10.b of Appendix 1 of the Lease Agreement is amended to read as follows: 10.b. Schedule Milestones for the 820 Parcel Improvements. AGENDA ITEM #1. a) Amendment 1 to LAG-19-001 Page | 5 10.b.(1). Milestone #1 - Tenant will submit a complete permit application for the 820 Parcel Improvements to CED no later than January 31, 2021. 10.b.(2). Milestone #2 - Tenant will commence construction no later June 30, 2021. (The date that construction commences is the “820 Parcel Construction Date.”) Tenant shall notify the City of the 820 Parcel Construction Date. 10.b.(3). Milestone #3 - Tenant will complete all 820 Parcel Improvements within 18 months after the 820 Parcel Construction Date. 6. Landlord and Tenant do hereby agree that Subsection 4.a of the Lease Agreement is amended to read as follows, which reflects an increase to $1.10/square foot/year of land rent rate and a reduction in building rent for the office room sublet on the 800 Parcel: 4.a. Minimum Monthly Rent: Tenant shall pay to Landlord a Minimum Monthly Rent in the sums listed below, PLUS Leasehold Excise Tax as described in Section 5, below, without deduction, offset, prior notice or demand, payable promptly in advance on the first day of each and every month. All such payments shall be made to the City of Renton, Attention: Fiscal Services, Renton, Washington 98057. The Minimum Monthly Rent, beginning on the Commencement Date, is computed as follows: Monthly Rent – Land Component (Parcels 800 and 820), Applicable During Periods 1, 2, and 3, as defined below Fourteen Thousand Eight Hundred Ninety-One and 25/100 Dollars ($14,891.25), which amount is one-twelfth (1/12) of the annual land rent of One Hundred Seventy-Eight Thousand Six Hundred Ninety-Five and 00/100 Dollars ($178,695.00) (162,450 square feet x $1.10 per square foot per year) PLUS, leasehold tax. Monthly Rent – Building Component, Parcel 800, Applicable During Period 1 (“Period 1” means the period beginning on the Commencement Date and ending the day before the Appraisal Submittal Date, as defined in Section 4.f, below). Two Thousand Four Hundred Fourteen and 64/100 Dollars ($2,414.64), which amount is one-twelfth (1/12) of the annual building rent of Twenty-Eight Thousand Nine Hundred Seventy-Five and 70/100 Dollars ($28,975.70) ((20,020 square feet, less 1,326 square feet of office space = 18,694 square feet) x $1.55 per square foot per year); PLUS, leasehold tax. AGENDA ITEM #1. a) Amendment 1 to LAG-19-001 Page | 6 Monthly Rent – Building Component, Parcel 800, Applicable During Period 2 (“Period 2” means the period commencing on the Appraisal Submittal Date and ending on the Demolition Date) [Amount to be determined by Landlord via appraisal as further described in Section 4.f, below.] Monthly Rent – Building Component, Parcel 800, Applicable During Period 3 (“Period 3” means the period after the Demolition Date, defined as the date that demolition activities as contemplated in Appendix 1 are complete, as determined by Landlord) [Amount to be determined by Landlord via financial analysis supplied by Tenant and confirmed by Landlord, with such confirmation to be at Tenant’s cost. The amount will be calculated as follows: A lump sum equal to any loss in net value to Landlord resulting from the demolition of the existing building and the construction of the new building, payable monthly over the then-remaining term of the Lease, with any remaining balance due as a final lump sum payment at the termination of the Lease. For the purposes of this paragraph, “net value” will be determined by comparing (A) the appraised value of the existing building as contemplated in paragraph 4f with (B) the projected appraised value of the newly constructed building as of the date construction is complete. If such projected appraised value of the new building exceeds the appraised value of the existing building, the amount due under this paragraph shall be Zero Dollars ($0.00). For the avoidance of doubt, no rent or “net value” payment will be payable for the Building Component during the period between demolition and the appraisal of the new building once constructed. In no event shall Landlord owe any amount to Tenant.] Tenant anticipates that it might prefer after demolition on the 800 Parcel to utilize the Parcel 800 for tie-down parking or other use not allowed under the current terms of the Lease Agreement (hereinafter, the “Alternative Use”). Tenant acknowledges that any proposal for Alternative Use is not allowed under the Lease Agreement and would require an amendment to the Lease Agreement, including its Appendix 1. Tenant acknowledges and agrees that Landlord has no obligation to agree to such an amendment and that it is within Landlord’s sole discretion whether to agree to such amendment. As a courtesy notice to Tenant that is made without any binding obligation on Landlord, Landlord anticipates that if it were to agree to such amendment it would require the following regarding the Alternative Use: • Tenant must first demonstrate via a business case how the Alternative Use would shield Landlord from long-term adverse revenue impacts; and AGENDA ITEM #1. a) Amendment 1 to LAG-19-001 Page | 7 • The Alternative Use will change the land rent rate for Parcel 800. The land rent rate for the Alternative Use on Parcel 800 will be based on appraised fair market value as of the Demolition Date, and will be subject to increases per Landlord’s leasing policy in effect at the time of the Demolition Date; and • If the Alternative Use is subleased in whole or in part, and such sublease reflects a rent that is substantially above a then-current market rate, then in addition to the land rent the Landlord may require Tenant to pay to Landlord a percentage of net income from such subleasing; and • If the Alternative Use results in Tenant making use of Parcel 800 for apron space, Tenant will guarantee that a definite, but as-yet-undetermined, number of the spaces will be made available for transient aircraft parking. For the avoidance of doubt, if Tenant elects not to demolish the building on Parcel 800, the Period 2 building rent rate will continue to apply until such time as the lease for Parcel 800 terminates. Total Monthly Rent for Period 1 Monthly Rental – Land Component (Parcels 800 and 820) $14,891.25 Monthly Rental – Building Component (Parcel 800), Period 1 $2,414.64 TOTAL: $17,305.89 per month, PLUS Leasehold Excise Tax Total Monthly Rent for Period 2 Monthly Rental – Land Component (Parcels 800 and 820) $14,891.25 Monthly Rental – Building Component (Parcel 800), Period 2 $TBD TOTAL: $TBD per month, PLUS Leasehold Excise Tax Total Monthly Rent for Period 3 Monthly Rental – Land Component (Parcels 800 and 820) $14,891.25 Monthly Rental – Building Component (Parcel 800), Period 3 $TBD TOTAL: $TBD per month, PLUS Leasehold Excise Tax 7. All other terms and conditions of the original Lease Agreement, insofar as they are not inconsistent herewith, shall remain in full force and effect. AGENDA ITEM #1. a) Amendment 1 to LAG-19-001 Page | 8 RAINIER FLIGHT SERVICE, LLC a Washington Limited Liability Company Name: Gordon Alvord Title: Authorized Member Date: ______________________ CITY OF RENTON a Washington Municipal Corporation Armondo Pavone, Mayor Date: ______________________ Attest: Jason Seth, City Clerk Approved as to form: Shane Moloney, City Attorney AGENDA ITEM #1. a) Amendment 1 to LAG-19-001 Page | 9 EXHIBIT 1-A [See attached.] AGENDA ITEM #1. a) MEN'S CONF �� 0 0 a Building" 800 West Perimeter Road Renton, WA 98057 --North .., PILOTS & MECHANICS (UPSTAIRS) (UPSTAIRS) SPARE OFFICE HANGER DOOR □ □ □ Renton Airp_ort/Clayton Scott Field /�,...., )'7 1 OVERHAUL ROOM � j 111 "" � \ "t, ·1,t,' ._ I J -z,'1 � t� FIRE ROLL ·UP HANGER DOOR AGENDA ITEM #1. a) Barrier Free Mobility Improving Access City of Renton Public Rights of Way City of Renton ADA Transition Plan Update AGENDA ITEM #2. a) The ADA Transition Plan The Americans with Disabilities Act (ADA) •Signed into law in 1990 •Protects the rights of citizens with disabilities The Americans with Disabilities Act (ADA) requires that public entities having responsibility for, or authority over, facilities, streets, roads, sidewalks and/or other areas meant for public use develop a Transition Plan to make their facilities meet accessibility standards.AGENDA ITEM #2. a) An transition plan addresses:AGENDA ITEM #2. a) An transition plan addresses:AGENDA ITEM #2. a) A transition plan includes: Self Evaluation Physical Inventory Consider public feedback on problem areas and priorities Prioritize for Greatest Impact AGENDA ITEM #2. a) What does a transition plan do for a city? •Outlines how to make City facilities accessible over several years •Allows the City to receive grant funding from state and federal sources •Provides residents a way to request services and file grievances •Puts the City on a path toward limiting legal risk exposure by showing good faith effort to take steps to remove barriers to accessibility within available funding AGENDA ITEM #2. a) Renton ADA Transition Plan (2015) •Policy and Procedures •No recommendations for future changes or specific improvements •Inventory of Physical Barriers Two stages: •Stage One: preliminary evaluation from aerial imagery (no detail) •Stage Two: detailed field audit (incomplete, currently in progress) •Project Prioritization •No detailed information •Funding •Identifies TIP as funding for Barrier Free Transition Program •No specific recommendations •Schedule •No specific recommendations •Requires plan update What was INCLUDED in 2015 plan? AGENDA ITEM #2. a) Renton ADA Transition Plan (2015) What was MISSING from 2015 plan? •Detailed self-evaluation •Future replacement schedule per funding programs •Grievance Policy in multiple accessible formats •Stakeholder input AGENDA ITEM #2. a) A Transition Plan is meant to be updated Why updating this plan is important Potential Consequences: •Simply having a plan isn’t adequate per Department of Justice •Must show progress toward implementing plan Example: •City of Seattle ADA Transition Plan published in 2011 •City did not demonstrate adequate progress to remove barriers •Legal action taken in 2015 •City of Seattle published ADA Transition Plan Update in 2017 AGENDA ITEM #2. a) Renton ADA Transition Plan 2020 This year’s update will include: Include missing elements from 2015 plan Limit risk exposure for City by demonstrating transition progress Implement robust stakeholder outreach strategy and involve stakeholders in prioritization process Provide a more detailed prioritization framework and funding strategy for removing barriers Identify a process for tracking progress towards meeting the barrier removal schedule using the City’s GIS platform Bring together internal groups at the City on policies and procedures on how to address ADA barriers Use City’s GIS data to guide the City on how to include barrier removal across all project types AGENDA ITEM #2. a) Timeline June –Sept 2020 Survey & Community Outreach Barrier Removal Evaluation Fall 2020 Focus Group Prioritization Cost Estimating Transition Schedule Q4 2020 Draft & Final Plan AGENDA ITEM #2. a)