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HomeMy WebLinkAboutContract %me Niue CAG-10-169 SETTLEMENT AGREEMENT This Settlement Agreement and Release of all Claims(Agreement)is entered into between the South Correctional Entity("SCORE"),a governmental administrative agency formed pursuant to RCW 39.34.030(3),the City of Renton,a Washington municipal corporation,and Commerce Real Estate Solutions,LLC,a Washington Limited Liability Company,successor to Cushman&Wakefield of Washington,Inc..("Cushman"),a Washington corporation(all collectively Parties or individually Party). RECITALS WHEREAS,SCORE is responsible for the development,design,construction,operation and maintenance of a south King County correctional facility,which project arises from the cooperative agreements between seven King County municipalities("SCORE Jail Project") WHEREAS,the City of Renton entered into a Purchase of Property Services Agreement ("Services Agreement"),effective April 10,2008 with Cushman,prior to the formation of SCORE,to aid in the location of property suitable for the SCORE Jail Project;and WHEREAS, SCORE,without the assistance of Cushman,was independently able to locate and acquire through condemnation a previously unidentified parcel of land;and WHEREAS,since then SCORE and Cushman have disputed the amount of fees owed,if any,to Cushman pursuant to such Services Agreement;and WHEREAS,the Parties wish to compromise and settle all.the disputes arising in connection with,arising from or related to the Services Agreement; NOW,THEREFORE,in consideration of the mutual promises and covenants contained in this Agreement,the Parties agree as follows: TERMS AND CONDITIONS OF AGREEMENT 1. Incorporation of Preceding Terms. The representations made by the Parties in the Recitals above are incorporated by reference into these Terms and Conditions of Agreement. 2. Purpose. This'Agreement is intended solely for the purpose of compromising the Parties' disputes arising from the Services Agreement and to avoid the risk and expense of litigation. This Agreement is not,and shall not be construed or characterized as,an admission of wrongdoing of any kind on the part of any Party,nor does any Party admit or concede the validity of any claim or defense. 3. Actions and Obligations of the Parties. SCORE,the City of Renton,and Cushman hereby fully and mutually release one another from any and all claims of any kind or character which have been or could have been brought arising out of or related to the Services Agreement upon fulfillment of terms and obligations set forth herein. We %Me a. Actions and Obligations of SCORE. (i) SCORE shall,within three(3)days of the effective date of this Agreement,convey funds in the amount of Nine Thousand Seven Hundred Dollars ($9,700)to Cushman in full accord and satisfaction of any and all amounts owed by the terms of the Services Agreement. b. Actions and Obligations of Cushman. (i) Cushman upon receipt of the funds set forth in 3.a.(i)above shall forever forebear prosecution of any claims of any kind or character against SCORE or the City of Renton arising from or in any way related to the Services Agreement or the SCORE Jail Project. 4. Parties Bound. This Agreement shall be binding on and for the benefit of the Parties and each of their agents,employees,officials,legal representatives,successors, affiliated legal entities and assigns,and inures to the benefit of the Parties and their agents,employees, officials heirs,legal representatives,successors,affiliated legal entities and assigns. 5. No Third Party Beneficiary. No provision of this Agreement is intended to create any third-party beneficiary to this Agreement. 6. Integration. This Agreement contains the entire understanding among the Parties in connection with its subject matter,and supersedes and replaces all prior negotiations, agreements,or representations by or among the Parties,whether oral or written. Each Party acknowledges that no other Patty,or any agent or attorney of any Party,has made any promise, representation,or warranty whatsoever, express or implied, other than those expressly stated herein,concerning the subject matter hereof to induce the other Party or Parties to execute this document. Each Party acknowledges that in executing this document he,she,or it is not relying on any promise, representation or warranty other than those expressly stated herein. 7. Choice of Law. The interpretation and enforcement of this Agreement shall be governed by the laws of the State of Washington. 8. Construction of Agreement. This Agreement has been drafted by mutual negotiations among the Parties and their legal counsel. It shall be construed according to the fair intent of the language as a whole,and not for or against any Party. The headings of the sections and paragraphs of this Agreement are included for convenience only and shall not be deemed to constitute part of this Agreement or to affect its construction. 9. Attorneys' Fees. In the event any Party,or his,her,or its authorized representative,successor,or assign,institutes suit to enforce this Agreement or for any breach thereof, each Party in such suit or proceeding shall pay his,her,or its own costs,expenses or attorneys' fees. Further,if the Parties agree that a mutually-selected arbitrator may be retained to resolve the dispute,the arbitrator shall have binding and final authority to impose legal and equitable remedies,including but not limited to the remedy of specific performance. If arbitration is agreed to by the Parties,each Party will equally share the costs of arbitration. 2 NIIIMile ‘411111 10. Execution by Counterparts and Facsimile or Electronically Mailed Copies. This Agreement may be executed in any number of counterparts,each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Signature of a facsimile or electronically mailed copy of this Agreement,and transmission of a signature by facsimile or electronic mail,shall bind the signing Party to the same degree as delivery of a signed original. At the request of any Party,a Party having delivered a signature by facsimile or electronic mail shall promptly deliver an original signature as well. 11. Effective Date. The effective date of this Agreement is the Iater of the signature dates appearing below. SOUTH CORRECTIONAL ENTITY By: A Milliallta [signatt ^ Name Jack 1 o v e .pe or' I' *Mien] Title: r'fve' t t kui OcciLeY` Date: 17-11Si [C} STATE OF WASHINGTON ) )ss. COUNTY OF KING ) On this 1 -day of December, 010,before gie perkoRIly appeared 7 ! 'L' to me known to be 1`•('`>Ack.kt� Orf--(C(/ 1',and acknowledged said instrument to the free and voluntary act and deed o�South Correctional Entity,for the uses and purposes t erein mentioned,and on oath stated that he/she was authorized to execute said instrument. SUBSCRIBED AND SWORN to before me this 1(D—day of i)( {� ('Yl(_ 't'201 Q ,...". : xp'�r y NOTARY PUBLIC in and for the St e f .1 ;c1. Washington y U p My Commission Expires: 10� ` I t * .474#1„, .� „..,`i, . /#l,, OP WP`,,,,:::** 3 Nue Now. CITY OF RENTON By: [signature] Name: Denis Law Title: MayRkr Date: a.464,4-664 0"?`,/ ATTEST: 6O---)t-rtAl_ &la-ge7,-, Bonnie I. Walton, City Clerk APPROVED AS TO LEGAL FORM: Lawrence J. Warren, City Attorney • ; • • t 4 fi'' Nee Commerce Real Estate Solutions, LLC, a Washington Limited Liability Company, successor to Cushman&Wakefield of Washington,Inc By: {— %A ( jsignatrzreJ Name: ohei ,+ • fle-t- [typed or handlvritlenJ Title: c_5(- Date: (- Date: /.2/7/2,Il o STATE OF WASHINGTON ) )ss. COUNTY OF KING ) On this day of December,2010, before me personally appeared 3etn e.1-ks ltat2 ,to me known to be rL.,HAtwAlvvictAiv.cktra.., , and acknowledged said instrument to be the free and voluntary act and&oaf Commerce Real Estate Solutions, LLC,for the uses and purposes therein mentioned,and on oath stated that he/she was authorized to execute said instrument. SUBSCRIBED AND SWORN to before me this day of peciartiggE,2010. i�111►�u�„ .. Akyt ilkt_ WILWg • {SEAL,Eoz.4 NOT +p..f�4 AVIARY PUBLIC in and for the State of ABY m= - Washington r cn AUBL �� z .y; r My Commission Expires: (0/144/2014 WASMN�. K12066924100001121443 7HYN214 tVeflit 0, S