Loading...
HomeMy WebLinkAboutContract CAG-06-176 CONSERVATION EASEMENT REIMBURSEMENT AGREEMENT FOR SPRINGBROOK CREEK WETLAND AND HABITAT MITIGATION BANK THIS CONSERVATION EASEMENT REIMBURSEMENT AGREEMENT FOR SPRINGBROOK CREEK WETLAND AND HABITAT MITIGATION BANK("Agreement")is entered into by and between the City of Renton, a municipal corporation("City"), and Cascade Land Conservancy, a Washington nonprofit corporation("CLC"), (collectively"Parties"). Recitats A. The City is the owner of 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 Agreement by this reference. B. CLC 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, Kittitas Counties and surrounding counties in Washington State. C. The Protected Property possesses wetlands and other fish and wildlife habitat ("Conservation Values"). 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 the City and the Washington State Deparhnent of Transportation("WSDOT"). D. The foregoing restoration and enhancement is intended to qualify the Protected II'' Property for inclusion by the City and WSDOT(collectively"Sponsors") in a wetland mitigation bank and issuance of credits therefrom("Springbrook Creek Wetland and Habitat Mitigation Bank"or"Mitigation Bank"). The Springbrook Creek Wetland and Habitat Mitigation Bank was established by the Sponsors in coordination with, and 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"). 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 Banking Agencies. E. Placement of a conservation easement on the Protected Property is a condition of the establishment of the Mitigation Bank. The City will be granting a conservation easement to CLC substantially in the form of Exhibit C to this Agreement("Conservation Easement"). The Springbrook Reimbursement Agreement 1 September 21, 2006 Parties anticipate that they will execute this Agreement simultaneously with execution of the Conservation Easement. F. The Conservation Easement provides for assignment of all of CLC's rights and obligations under the Easement to WSDOT at the Termination of Assignee's Mitigation Bank Operational Life, as defined in the Easement. G. The purpose of this Agreement is to reimburse CLC for its stewardship and management activities under the Conservation Easement, and to establish the Parties' mutual understandings regarding the implementation of certain stewardship and management activities occurring under the Conservation Easement, such as preparation of the specific inventory of relevant features of the Protected Property("Baseline Documentation" as defined in the Conservation Easement) and monitoring of the Protected Property. H. This Agreement does not govern or affect the substantive requirements under or enforcement of the terms of the Conservation Easement or the Banking Agreements. Nor does this Agreement provide standards or criteria regarding the effectiveness of the Sponsors' restoration or enhancement of the Protected Property,provide a basis for ensuring the effectiveness of such restoration and enhancement, or obligate CLC to ensure such effectiveness. The Parties acknowledge that such standards and criteria and the ability to ensure the effectiveness thereof are provided for in the Banking Agreements. Finally, the Parties acknowledge that the activities and funding provided for in this Agreement and the Conservation Easement relate solely to CLC's stewardship of the Protected Property under the Conservation Easement, and not to any long term management or maintenance obligations that may be imposed on the Sponsors under the Banking Agreements. Now, therefore, inconsideration of the mutual promises contained herein, the Parties agree as follows: A�reement Section 1. Conservation Easement Stewardship and Management Funding. A. Citv Pavment for Conservation Easement Establishment Exnenses. Within ten (10) days of the recording of Conservation Easement, the City will pay CLC for CLC's establishment of the Conservation Easement, including reimbursement of all expenses incurred by CLC in preparing the Conservation Easement and this Agreement, expenses of related coordination with the Sponsors and the Banking Agencies, and payment of expenses to be incurred by CLC in preparation of the initial Baseline Documentation. CLC shall submit an invoice to the City for such expenses promptly after recording the Conservation Easement. Such invoice shall not exceed Thirty two thousand dollars ($32,000.00). Creation of the initial Baseline Documentation report includes site visit(s),mapping, photo-documentation, report preparation and revisions. B. Citv Annual Pavrnent of Conservation Easement Stewardshin and Mana�ement Fee. In addition, until such time as this Agreement is terminated, as provided in Section 5 below,the City shall pay CLC the sum of Five Thousand and 00/100 Dollars ($5,000.00)per Springbrook Reimbursement Agreement 2 September 21, 2006 year, subject to a three percent(3%) annual adjustment for inflation, for CLC's stewardship and management activities under the Conservation Easement as provided in this Section 1.B. (i). The City shall make the first annual payment no later than sixty(60) calendar days after the date on which the Conservation Easement is recorded. (ii). T'he City shall make all subsequent annual payments no later than the first day of December of each subsequent year, or within(30) days of receipt of CLC's invoice, whichever is later. (iii). The Conservation Easement stewazdship and management fee provided for in this Section 1.B covers: annual monitoring (including site visit(s),photo-documentation, and report); updating of the Baseline Documentation report to reflect the Sponsors' restoration and enhancement of the Protected Property; outreach to landowner and community; coordination with Bank Oversight Committee; and administrative expenses related to management of Conservation Easement. C. Citv Reimbursement of Extraordinarv Conservation Easement Exvenses. The City shall reimburse CLC for any expenses CLC incurs for Conservation Easement stewardship and management activities other than those provided for in Section 1.B above("Extraordinary Expenses"). (i). Extraordinary Expenses include expenses associated with emergency stewardship actions, such as responding to dumping, encroachment, encampment or other activities or events inconsistent with the provisions of the Easement, and those associated with enforcement of the Easement, including staff time, costs and reasonable attorneys' fees. (ii). To the extent practicable, CLC shall provide the City with written notice before incurring Extraordinary Expenses. (iii). CLC shall provide the City with an invoice detailing any Extraordinary Expenses actually incurred. The City shall reimburse CLC for such expenses within 30 days of receipt of the invoice. (iv). Any disputes regarding Extraordinary Expenses shall be resolved as provided in Section 4 below. D. Default and Late Fee. The City shall be in default of the terms of this Agreement if it fails to make a required annual payment or Extraordinary Expense reimbursement payment by the due date set forth in this Section 1. In addition to the remedies available to CLC under Section 4 in the event of such default, CLC shall be entitled to a late fee per month of 1.5% of such payment. Section 2. Conservation Easement Baseline Documentation and Other Information. Under the Conservation Easement, CLC is required to prepare and maintain Baseline Springbrook Reimbursement Agreement 3 September 21, 2006 � _— _ � Documentation for the Protected Property. In order to fulfill this requirement, CLC must receive relevant information and documentation from the City as provided for in this Section 2. A. Citv's Obli�ations. (i). The City shall provide to CLC available documentation regarding the features of the Protected Property that are relevant to the Conservation Values (i.e.,reports, maps, photographs, and other documentation that provide, collectively, an accurate representation of the Protected Property), including specifically the Banking Agreements as approved by the Banking Agencies, and other maps, documents and reports as appropriate. The City shall provide such documentation to CLC no later than fifteen(15) calendar days after the date on which the Conservation Easement is recorded. The City shall also provide CLC with simultaneous copies of as-built drawings and of any annual monitoring reports that the City or WSDOT provide to the Banking Agencies pursuant to the Banking Agreements. (ii). If the City removes any of the easements, restrictions, interests or water rights of record relating to the Protected Property, including those identified in Exhibit C to the Conservation Easement, the City shall advise CLC of such removal within 30 days of the effective date thereof. B. CLC's Obli�ations. CLC shall prepare and maintain the Baseline Documentation for the Protected Property as provided in the Conservation Easement. CLC shall fulfill this obligation in accordance with the schedule and other requirements established in the Conservation Easement. Section 3. Conservation Easement Stewardship. Under the Conservation Easement, CLC is agreeing to preserve and protect the Conservation Values of the Protected Property. The Parties' substantive rights and obligations regarding this stewardship are provided in the Conservation Easement. Such stewardship activities, including activities such as monitoring and enforcement, will be performed according to and governed by the terms of the Conservation Easement, and not according to this Agreement. This Section 3 relates solely to the Parties' understandings regarding implementation of stewardship activities occurring under the Conservation Easement. A. Stewardshin Activities. The Parties understand and acknowledge that CLC will undertake its stewardship activities under the Conservation Easement, including monitoring and any enforcement, in a manner that is generally consistent with the standards and practices of the land conservation community, such as those published by the Land Trust Alliance, as they may be amended from time to time. B. Conservation Easement Monitorin�. The Parties understand and acknowledge that stewardship of conservation easements typically includes monitoring for compliance with easement provisions on at least an annual basis, and that CLC will follow a similar schedule in its monitoring of the Protected Property under the Conservation Easement. Springbrook Reimbursement Agreement 4 September 21, 2006 Section 4. Dispute Resolution and Enforcement. A. Mediation/Arbitration. If a dispute arises between the Parties concerning the interpretation or performance under this Agreement,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 or arbitration by request made in writing to the other. Within thirty(30)days of the receipt of such a request, the Parties shall select a single mediator or arbitrator to hear the matter. The matter shall be settled in accordance with any Washington State mediation or arbitration statute then in effect, and an arbitration award may be entered in any court having jurisdiction. If azbitration is pursued, the prevailing party shall be entitled, in addition to such other relief as may be granted,to a reasonable sum for all its costs and expenses related to such arbitration, including,without limitation, the fees and expenses of the arbitrator and attorneys' fees, which shall be determined by the arbitrator or any court having jurisdiction that may be called upon to enforce or review the award. B. Remedies, Snecific Performance. In addition to an action for damages, either party may bring an action at law or in equity in a court having jurisdiction to enforce the terms of this Agreement; to require specific performance of the obligations of this Agreement; to provide injunctive relief(mandatory or prohibitive); or to terminate this Agreement. The parties agree that, in the event of a material breach of the terms of this Agreement,remedies at law for any such violation may be inadequate and the Parties' obligations under this Agreement shall therefore be enforceable through the remedies of specific performance and injunctive relief described above, in addition to such other relief to which the Parties' may be entitled,without the necessity of proving either actual damages or the inadequacy of otherwise available legal remedies. The remedies described in this Section shall be cumulative and shall be in addition to all remedies now or hereafter existing at law or in equity. C. Release from Conservation Easement Obli�ations. In addition to the remedies provided in Section 4.B above, in the event that the City does not fully satisfy its funding obligations under Section 1 of this Agreement, CLC shall also have the right to have itself fully released from all its liabilities and obligations under the Conservation Easement. CLC is entitled to this relief regardless of whether there is an entity capable of or willing to assume CLC's�rights and obligations under the Conservation Easement, and regardless of the effect that such release of CLC's Conservation Easement liabilities and obligations may have on the Sponsors' compliance with the terms of the Banking Agreements. D. Costs of Enforcement. In the event a party to this Agreement finds it necessary to bring an action at law or other proceeding against the other party to enforce any of the provisions of this Agreement, or by reason of any breach or default under this Agreement,the prevailing party in any such action or proceeding shall be paid all costs and reasonable attorneys' fees by the other party. E. Discretion in Enforcement. Enforcement of the terms of this Agreement shall be at the discretion of the Parties, and any forbearance by a party to exercise its rights under this Agreement in the event of any breach of any terms of this Agreement shall not be deemed or construed to be a waiver by such party of such term or of any of such party's rights under this , Springbrook Reimbursement Agreement 5 September 21, 2006 � Agreement. No delay or omission by a party in the exercise of any right or remedy upon any breach shall impair such right or remedy or be construed as a waiver. Section 5. Termination of Agreement. A. Termination. This Agreement shall terminate in the following circumstances: (i). upon CLC's assignment of the Conservation Easement to WSDOT, as provided in Section 13.2 of the Conservation Easement; (ii). upon the extinguishment or condemnation of the Conservation Easement as to the whole of the Protected Property; or (iii). upon CLC's release from its liabilities and obligations under the Conservation Easement, as provided under Section 4.0 above, where there is no entity capable of or willing to assume CLC's rights and obligations under the Conservation Easement. Section 6. Assignment of Agreement upon Assignment or Transfer of Conservation Easement. As provided in Section 13 of the Conservation Easement, the rights and obligations of the Grantee(CLC)may be assigned or transferred to parties other than WSDOT. The Parties' substantive rights and obligations regarding such assignment or transfer are provided for and governed by the Conservation Easement, and not this Agreement. This Section 6 relates solely to the Parties' understandings regarding the assignment of this Agreement in the event of the assignment or transfer of CLC's rights and obligations under the Conservation Easement. A. Assiaiment. Upon assignment or transfer of CLC's rights and obligations under the Conservation Easement, including any assignment or transfer resulting from CLC's release from its liabilities and obligations under the Conservation Easement, as provided under Section 4.0 above, where there is an entity capable of and willing to assume CLC's rights and obligations under the Conservation Easement, CLC shall, in writing, assign all its rights and obligations under this Agreement to the entity taking assignment or transfer of the Conservation Easement. Section 7. Amendment. A. Mutual A�reement. This Agreement may only be amended by mutual agreement of the Parties. No modifications or amendments shall be valid unless in writing and executed by the Parties. No review by or approval of the Banking Agencies is required for such amendment. Section 8. General Provisions A. Effective Date. The effective date of this Agreement is the earliest date by which both the City and CLC have executed this Agreement. B. Notices. Any notice, demand,request, consent, approval, or communication that either party desires or is required to give to the other under this Agreement shall be in writing Springbrook Reimbursement Agreement 6 September 21, 2006 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 either party from time to time shall designate by written notice to the other: 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 C. Controlling Law and Venue. The interpretation and performance of this Agreement shall be governed by the laws of the State of Washington. D. Severabilitv. If any provision of this Agreement, or its application to any person or circumstance, is found to be invalid, the remainder of the provisions of this Agreement, 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. E. Entire A�reement. Except as to any other written agreement between the Parties, all prior discussions, negotiations,understandings, communications, or oral agreements regarding this Agreement have been superseded by, and are merged into,this Agreement. F. Oblisations Under Other A�reements. Nothing in this Agreement shall be deemed to affect the Parties' obligations under the Conservation Easement, or the Sponsors' obligations under the Banking Agreements. In the event of a conflict between the terms of this Agreement and the Conservation Easement,the terms of the Conservation Easement shall govern. CLC is not a party to the Banking Agreements,has no rights or obligations thereunder, and no such obligations may be created without CLC's express written approval. G. Successors and Assisns. The covenants, terms, conditions, and restrictions of this P ies to this A eement and Agreement shall be binding upon, and inure to the benefit of, the art gr their res ective successors and assi s, unless terminated as expressly provided for herein. P gn Except as expressly provided in Section 4 and 6 above,.neither Party may assign its rights or obligations in this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld or delayed. H. No Third Partv Beneficiaries. �To term or provision of this Agreement is intended to be, or shall be, for the benefit of any persori, firm, or�anization, or corporation not a party to this,Agreement, and no such other person, firm, organization, or corporation shall have any right or cause of action Shereund�r. , Springbrook Reimbursement Agreement 7 September 21, 2006 I. No Waiver. No waiver by either Party of any term or condition of this Agreement ' shall be deemed or construed to be a waiver of any other term or condition, nor shall a waiver of any breach be deemed to constitute a waiver of any subsequent breach whether of the same or different provision of this Agreement. No waiver shall be effective unless made in writing. J. Interoretation. All recitals and Exhibits hereto are,by this reference, incorporated into this Agreement. The provisions of this Agreement shall be construed as a whole according to their common meaning and consistent with the provisions contained herein in order to achieve the objectives and purposes of this Agreement. Each Party and its counsel has reviewed and revised this Agreement and agrees that the normal rules of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement. K. Time is of the Essence. For the purposes of this Agreement and each Party's obligations hereunder, time is of the essence. L. Counteroarts. This Agreement may be executed in counterparts, and each such counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement. M. Authoritv. The individuals signing below represent and warrant that they have the requisite authority to bind the entity on whose behalf they are signing. IN WTTNESS WHEREOF, the authorized representatives of the parties hereto have signed their names in the spaces put forth below. CASCADE LAND CONSERVANCY CITY OF RENTON A Washington Nonprofit Corporation A Municipal Corporation C� ��, � J By: C.�S� ���orun.�' By:Kathy Keolker / Its: ���Gt,c�-7�'u�e (�`�Y,,c�it.�s%�+� Its: Mayor Ac�esc: .;�. 1.�a.�'.�"h-�- 8onnie I.Walton,City Clerk q�7,?006 Springbrook Reimbursement Agreement 8 September 21, 2006 Exhibits A Legal Description of Protected Property B Site Map Showing Protected Property C Form of Conservation Easement I Springbrook Reimbursement Agreement 9 September 21, 2006 � � EXHIBIT A to CONSERVATION EASEMENT REIMBURSEMENT AGREEMEN� L�e al Descrintion of Protected Pronertv 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 Reimbursement Agreement 10 September 21, 2006 i — �___ , i � � W Mo �, To �3No R� 5Eo W.M, T. 23No Ra 4Eo 0 � hAND I Sw 2rn+smEEr; SpRING8R00K CREEK N'E — AND HABITAT MiTtCAiWN BAFAC ''� eouao�s �� —--—PEDESiRIAN iRAIL BWNOARIES. �\� � ;��\� P —-- � t r� I� ` � �� � , c I ' J��� � �..-----• s 25 — . ,, 3� � .. ,� � � � K � ,� sw�n�smc�r ir � }' i; -�4, �� ��� • $W 791X 91REE7 � ��, """'"'"'_""' '.�� � """_"" ��."""..............."""..."__"'........ � � ��,� � ; i � : i L__� � 5,eon�:�cn ; I ; saa sw o soo �� II � 5CALE IN FEET '�, W ; W EXHlBlT -- B ! 36 � ; +�' 31 � : � EXHIBIT B to CONSERVATION EASEMENT REIMBURSEMENT AGREEMENT Site Maa Showin�Protected Prouertv Springbrook Reimbursement Agreement 11 September 21, 2006 � EXHIBIT C to CONSERVATION EASEMENT REIMBURSEMENT AGREEMENT Conservation Easement F� , f � � AFTER RECQRDING RETURN TO: � CITY OF RENT(�N , 1455 South Grady Way Renton, �VA 9$O55 'i Attn; Surface Water Utility Engineering Supervisor ���r���r� �- 7,t�ob lat�5 r��c 3�a IGRANT DEED OF CONSER�ATI4N EASEMENT , Grantar: City of Renton ' Grantee: Cascade Land Canservancy � � � Legal Description Ptn of W 112 of Section 30,T23N,RSE,W.M. and Ptn of Section I2S,T23N,R4E, W.M. and Ptn of NE 114 of the NW 1!4 of Section 36, T23N, , R4E. W.M., all in the City af Renton,King Cou.nty,Washington. Additionai legal descriptian: at Exhibit A. Assessor's Ta7c Parrcel Numbers: I) 125381-0090-OS (IJnit A); 2}252304-9404(LJnit B}; 3}Ptn of 2523Q4-9419(iJnit C); 4)Ptn of 362304-9002-06(LJnit D); and 4)125381-Q240-04(Unit E) �jHIS RANT DEED 4F CONSERVATION EASEMENT("Easement")is made as af the�i'� day of 6�G�G��r 2006 by City af Renton, a municipal corporation("Grantor"),in favor of Cascade Land Canservancy, a Washingtan nonprofit corporation("Grantee")(collectively "Parties"). L RECITALS 1.1. Grantar is the sole owner in fee simple of that certain real praperty(the"Protected Property") in King County, Washington, more particulazly described in Exhibit A(legal description)and shown on Exhibit B(site plan), which are attached and incorporated inta this Easement by this reference. 1.2. The Protected Property{Springbroak Creek Bank}possesses wetlands and other fish and wildlife habitat("Cvnservatian Values"). Wetlands and other fish and wildlife habitat Springbrook Canservation Easement 1 Octaber 3,2006 „ an the Protected Praperty that are restored, enhanced,or otherwise created after the effective date of this Easement shall also be cansidered Conservation Values. 1.3. The Conservation Values are a result of the Protected Property's znherent ecalogical potential and of the existing ancUor anticipated restoration and enhancement of wetlands and ather habitats on the Protected Property by Washington State Department of Transportation("WSDOT”) and the City of Renton(callectively"Sponsors"). The foregoing restoratian and enhancement is intended to qualify the Protected Property for inclusion by WSDOT and the City af Renton in a wetland mitigation bank and issuance ofcredits there frorn ("Mitigation$ank"). Additional restoratian and enhancernent of the Pratected Property may occur as identified and described in that certain Memorandum of Agreement and Mitigation Banking Inshument for the Springbrook Creek Wetland and Habitat Mitigation Bank, as may be amended from time to time(collectively"Banking Agreernents"),approved by the Washington Department of Ecology and U.5. Army Corps of Engineers(`Banking Agencies"),in consultation with other certain public agencies(cQilectively,`Bank Oversight Cammittee"). 1.4. The Springbroak 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 Mitigatian Bank. Grantee acknowledges that from time-ta-rirne Grantar may increase the real praperty that is subject ta this Easement in furtherance of the Mitigatian Bank. Grantor and Grantee may amend this Easement to accomplish the fc�regoing as provided in Sectian 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 Praperty that do not impair or interf'ere with the Canservation Values, which inciude,but are not timited to, such restoration, enhancement, and recreational uses as fiuther provided in this Easement. 1.6. Grantee is a publicly supported,ta�c-exempt nanprafit arganization,qualified under Sections 501{c}(3) and 170{h}af the Internal Revenue Code of 1986, as amended, and also qualified as a nonprafit nature conservancy corporation under RCW 64A4.i 30 and RCW 84.34.250,whose primary purpose is to promate the preservatian of apen space and critically irnportant ecological systems in Snohomish,King,Pierce, and Kittitas Counties in Washington State. 1.7. Grantee agrees,by accepting this Easement,ta preserve and protect in perpetuity the Conservatian�talues and enfarce the provisians hereaf unless this Easement is saaner extinguished ar terminated as otherwise provided far herein. 1.8. The Parties acknowledge that this Easernent does nat provide standards or criteria regarding the effectiveness of the Sponsors' restaration ar enhancement af the Protected Praperty and that this Easement is nat intended ta 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 critena and the ability ta ensure the effectiveness thereof are provided far in the Banking Agreements and related documents. Springbrook Conservation Easernent 2 October 3,2�06 . — — — — — — — -- —— — — — — — -- -- --- ---- --- � 2. CONVEYANCE AND CONSIDERATION 2.1. Far the reasons stated abave, and in consideration of the rnutual covenants, terms, conditions,and restrictions cantained in tlus Easement, and other good and valuable consideration provided by the Parties, Grantor hereby voluntarily grants, conveys, and quit I claims ta Grantee a conservation eassment in perpetuity aver the Protected Praperty,consisting � of certain rights in the Pratected Property, as set forth in this Easement, subject only to the � restrictions contained in this Easement. 2.2, This conveyance is a conveyance af an interest in real property under the provisions of RCW 64.04.13Q and RCW 84.34.210. 2.3. This grant shall be subject to easements,restrictions, interests, and water rights of record as af the effective date of this Easement,including,but not timited ta, those set forth in Exhibit C,which is attac�ed and incarporated into this Easement by this reference. 2.4. Grantor expressly intends that this Easement nzn with the land and that#his Easement shall be binding upon Grantor's successors and assigns. i 2.5. This Easement does nat transfer any water or water rights. This Easement aiso �, does nat transfer,or create any entittement in, any credit fram,or rights in the credits fram,the Mitigatian Bank. , 3. PURPQSE � The purpose of this Easement is to assure that the Pratected Property will be retained forever in its candition 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 Documentatian, and ta prevent any use af,or activity on,the Protected Property that will impair or interfere with the Conservatian Values(the"Purpose"), Grantor intends that this Easement will confine the use af,or activity on,the Protected Property to such uses and activities that are consistent with this Purpose. Thi►s Easement shall nat be construed as affording to the general public physical access to any portian af the Protected Property. I 4. RIGHTS CONVEYED TO GRANTEE Ta accomplish the Purpose of this Easernent, the fallawing rights are conveyed to Grantee by this Easement: 4.1. Identifieation and Protectian. Ta identify,preserve and protect in perpetuity, unless soaner extinguished or ternunated as otherwise provided under this Easement, and to restare ar enhance by mutual agreement,the Conservation Values. � 4.2. Access. 4.2.I. To enter the Pratected Property annually, at a mutually agreeable time and Springbrook Canservation Easement 3 October 3,2Q06 -- 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 Praperty at such ather times as are necessary if Grantee reasonably believes that a vialation of the Easement is occurring ar has occurred, for the purpase of rnitigating ar terminating the violation and otherwise enforcing the provisions af this Easement. Such entry shall be upon prior reasonable notice to Grantor, and Grantee shalt not in any case unreasonably interfere with Grantor's use of the Protected Property. 4.23. To enter the Protected Property, at mutualty agreeable times and upan prior written notice to Grantar,to exercise any other affirmative rights as expressly provided for herein. 4.3. Scienti�c(Edacatiana!Use. To allow persons or groups to enter the Protected Property for educational, scientific, and biological purposes ta observe and study on#he Protected Property;provided that any such persons or groups first are appraved 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 frorn snch observation or study, and agree to abide by any reasonable restrictions on access set farth by Grantor. Grantor a.nd Grantee agree that all persons ar graups given permissian ta enter the Protected Property shall sign a waiver,substantialty in the form attached to this Easement as Exhibit L?,which is incorparated herein by this reference. This waiver is intended to release Grantor, Grantee and Assignee from alI liability to the extent allawed by law. 4.4. Iniunctiou and Restoration. To enjoin any use of,or activity on,the Protected Property that is inconsistent with the Purpase of this Easement, and ta undertake the restoration af such areas or features of the Pratected Property as may be damaged by uses or activities inconsistent with the provisions of this Easement, atl in accordance with Section 9. 4.5. Enforcemen� To enforce the terms of this Easement, consistent with Section 9. 4.6. Assi�nment. To assign, canvey,or atherwise transfer Grantee's interest in the Protected Property in accordance with Section 13 and subject to Section 11.4. 4.7. Baseline Documentatian. 4.7.1. Within sixty(60}days after the effec#ive date of this Easement, within sixty days(60} after the recarding of any amendment hereof under Sectian 12.1 beiaw and thereafter as provided in Sectian 4.'7.2 below,Cran#ee shall document specifically the Conservation Values in an inventory af relevant features of the Protected Propu�ty, which Grantee shall maintain on file at its offices and which shall be incorporated into this Easement by this reference (`Baseline Dacumentation"}. The Baseline Documentation shall consist of reports,maps,photagraphs, and other documentation that provide, coilectively, an accurate representation af the Pratected Praperty. The Baseline Documentation is intended ta serve as an objective, although nonexciusive,infarmatian baseline for rnanitoring cornpliance with the terms and conditions of this Easement. Springbrook Conservation Easement 4 Octaber 3,24Q6 t 4.7.2. As previously noted,the additianal restoration and enliancement work under the Banking Agreements that may occur on the Pmtected Property is likely to enhance significantly the Conservation Values. Grantee may from time-ta-time and as necessary update I the Baseline Documentation to reflect such work and to document the enhanced Conservation I Values resulting there from for purposes of monitoring compliance with the ternns and conditions I of this Easement. � I 4.8. Maintenance of Protected Prouertv. To controi non-native,noxious weeds and I 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 Pratected Property(see Section 5.1 l.l,below). Grantee shall provide Grantor 1 U days prior written notice of its intent to exercise this right ta contral Weeds on the Protected Property. 5. GP;ANTUR'S RESERVED RIGHTS AND UBLIGATiUNS ', 5.1. General. Grantor reserves for itself and its successars and assigns all rights ', accruing from ownership of the Protected Property, including,but not 2imited to,the right to sell, ' lease, and devise the Protected Praperty and the right to engage in, or permit or invite others to ', engage in,any use of,or activity an,t�he Protected Property that is not inconsistent with the Purpose of the Easement and that is nat prahibited by this Easement. Withaut limiting the , generality of this Sectian S.l,Grantor specifically reserves for itsetf and its successors and assigns,the faltowing uses and activities. 5.2. Recreatian, The undertaking of recreational activities on a non commercial ' basis, such as hiking,bird watching and the pubiic's use of the pedestrian trail provided far in Section 5.5 be�aw,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. �.3. Fences. The constructian and maintenance of fences within or around the Protected Property. 5.4. Habitat Stewardshio.Restaration. and Enhancement Canstructing, instatling,planting, maintaining, and engaging in other activities ta maintain ar further restore or enhance the Conservatian Values in accordance with the Banking Agreements and any final design,construction ar management plans and bid specifications subsequently developed in conformance with the Banking Agreements, as may be amended fram time to time, ("Mitigation Bank Ptans and Specificatians"),which may include,but are not limited to: planting and ' irrigating ptants; removing and controlling weeds; maintaining benms, log weir in Unit C, and I water canveyance structure in Unit D; and creating new wetlands. Grantor shall pravide Grantee '� Mitigation Bank Plans and Specificatians relating to: any proposed use of herbicides for Weed control, grading and excavatian plans; the alteration ar manipulation of natural water caurses;or I the creatian 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 I relating to such activities. Matorized and mechanized vehicles may be used in fvrtherance of, Springbrook Conservation Easement 5 Octvber 3, 20d6 I � � � and to facilitate, the foregoing activities,provided that any off-road use thereaf does not cause more than a de minimis adverse impact on the Conservation Values. If Grantor has canveyed or assigned its rights to engage in the activities described in this Sectian 5.4 to Grantee or third parties, Grantor covenants to not interfere with such restoration andlar enhancement, including, but not limited ta,by the exercise of any rights reserved to Grantar under this Easement. 5.5. Pedestrian Trail. Canstruction and maintenance of an elevated public pedestrian trail generally eight feet in its width,constructed of plastic wopd,cec�ar timber,andlar other nontoxic materials,and located in Unit A at the appraximate location shown on Exhibit B, provided that the trail design and construction shall be in accordatice with the Mitigation Bank Plans and Specifications. 5.6. Maintenance. Taking various actions necessary to pratect the Conservation Values and other features of the Pratected Property from beavers and ta atherwise mitigate far the impacts ofbeavers on the Protected Property, ineluding,but not limited to,trapping beavers, removing trees,installing devices to interfere with activities af beavers, and remaving and otherwise destroying beaver dams and lodges. 5.7. Si ns. The installation and maintenance of signs prrrvided that such installation does not cause more than a de minimis adverse impact on the Canservatian Vatues. Signs in excess of twenty-five(25)square feet in area need prior written appmval by Grantee af sign location and design. 5.8. ScientificlEducational Use. Ta allow persons ar groups to enter the Protected Property far educatianal, scientific,and biological purpose�ta observe and study on the Prot�ted Property. Grantor and Grantee agree that,with the exception of the generai public's use of the pedestrian trail pravided for in Sectian S.S abave, all persons ar groups given permission to enter the Protected Praperty 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 zntended ta release Grantor,Grantee and Assignee from all liability ta the extent allawed by Iaw. 5.9. Protection af Healt6 or Safetv. The undertaking af ather activities necessazy to protect health or safety,or that are actively required by and subject to compulsion of any governmental agency with autharity to require sueh activity;pravided that any such activity shall be conducted so that significant adverse impacts on the Canservation Vatues are avaided, or, if avoidance is nat possible,minimized to the greatest extent passible under the circumstances. 5.10 Utilities Infrastructure. Rautine maintenance, improvement, aperation, removal, repair or replacement af existing City of Renton and King County utilities currently oecupying 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 af the City of Renton Lot Line Adjustment No. LUA-06-095-LLA, recorded under King County recording No. 200b0824900007, copies af which aze attached to Exhibit C to this Easement. Springbrook Canservation Easement 6 October 3,2Q06 . - - - - - - - -- - - — — — — — — — — — — — 5.11 Grantor's Obli�ations. � 5.11.1. Naxious Weed Control. Grantor shall camply with all state and local �� requirements for contralling noxious weeds within the Protected Property. 5.11.2. Structures, Facilities and Imt�rovements. Grantor shatl maintain all structures, facilities and improvements associated with the foregoing activities, including raads, I � trails and fences,that are within the Pratected Property and are merely incidental ta the I; functionality of the mitigation site, but that are necessary ta Mitigation Bank management , activities, far as long as necessary to serve the needs af the long term management phase, as , described in the Banking Agreements and related docuznents. 5.11,3 Access &Non-Interf'erence. Grantor shalt provide access#a the Banking Ag;encies or their agents or designees as needed to fulfill iheir obligations, as set forth in the , Banking Agreements. In the event that Grantor assigns its responsibilities under the Lang-Term � Management Plan("Plan"),as provided for in the Banking Agreements, Grantar shall refrain from impeding or otherwise interfering with implementatian af the Plan. Activities in fixrtherance of the Plan aze to be carried out hy the Sponsars ar their assignees as approved by the Banking Agencies. Such activities may include,but are not �imited to,maintenance and repair of water control structures; maintenance, regair,remaval,ar abandonment of stnactural elements of the Mitigation Bank; and remaval of invasive plant species. , 6. USES AND ACTIVITIES INCONSISTENT VVITH '; TI�E PURPQSE 4F THE EASEMENT G.1. General. Any use af,or activity on,the Pratected Property inconsistent with the Purpose of this Easement is prohibited, and Grantar acknowledges and agrees that it will not conduct, engage in,or permit any such use or activity. Withaut limiting the generality of the foregoing,the follawing uses af, ar activities an,the Protected Property, although not an e�austive list of inconsistent uses ar activities, are incansistent with the Purpose of this Easement and shali be prohibited: 6.1.1. Subdivisian. The legal ar"de facto"division or subdivision of the , Pratected Praperty,which shalI inciude,but not be Iimited to, any subdivisian, short subdivision, ' platting,binding site plan,or other process by which the Protected Property is divided inta Iats. This pmhibitian shail not be interpreted to preclude any lot Iine adjustrnent that does nat create a nurnber af lots that is greater than the number of lots in existence on the effective date af this Easement. �' b.1.2. Constructian. The placement, instaliation, or canstruction of an Y , buildings, structures, or other improvements of any kind, including,but not limited to,roads, railroads, utilities,celtular phone towers, septic systems, wells, recreational facilities, and parking Iots, arcept as expressly provided in Section S above, inciuding, specifically, those uses and activities provided for in the Mitigatian Bank Plans and Specifications. 6.2.3. Alteration of Land. The alteration of the surface of the land, including, Springbrook Conservation Easement 7 Octaber 3,24Q6 withaut Iimitation, 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 ar Water Pollution. Any use or activity that causes or is likely to cause significant soil degradatian or erosion ar significant pollutian of any surface or subsurface waters. For the purposes of this Easernent,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 prol2ibition. 6.1.5. Remaval of Trees and Qther Ve�etation. The pruning,topping,cutting down,uprooting, girdling, or other destruction or removal of live and dead trees and oiher vegetation,except as expressly pravided in Sectian 5 above or in conjunctian 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. 6.1,5. Waste Disposal. The disposal, storage, ar Release of Hazardous Substances,rubbish,garbage,debris,unregistered vehicles,abandoned equipment,parts thereof, or other affensive waste or material. The term"Release"shall mean release, generation, treatment,dispasal,storage,dumping,burying,ar abandonment. The term"Hazardaus Substances"shall mean any substances,materials,ar wastes that are hazardous,toxic,dangerous, ar hazmful,ar aze designated as,or contain companents that are,or are designated as,hazardous, toxic,dangerous,or harmful, and/or that are subject to regularion as hazardous,toxic,dangeraus, or harmful or as a pollutant by any federal,state,or local law,reg�ziation, statute, ar ardinance, including,but not limited to,petroleum or any petraleum product. 6.1.7. Minin . The exploratian far,or develapment and extraction of,oil, gas, coal, limestone, fossils,metals, geothermal resaurces,sand, gravet, or rack of any type an ar below the surface af the Protected Property,eacrept 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 installatian or constructian of improvernents in furtherance af the same,except as expressiy provided in Section 5 above. 7. NOTICE AlYD APPR4VAL 7.1. lYotice. 7.1.1. Grantar. Certain provisions of this Easement require Grantar to notify Grantee and/or to receive Grantee's written approvat priar to undertaking certain permitted uses and activities(e.g., Sections S.4 [habitat stewardship—material deviatians form Mitigation Bank Plans and Specificatians], 5.7 [signage], and 11.3 [subsequent transfers]}. The purpose of requiring Grantor to natify Grantea priar to undertaking these permitted uses and activities is ta afford Grantee an adequate oppartunity to ensure that the use or activity in questian 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 is required, Grantor shall notify Grantee in writing not less than thirty(30) days prior to the date Grantor intends ta 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 ta permit Grantee to make an informed judgment as to its consistency with the terms of this Easernent and the Purpose thereof. � 7,I.2. Grantee. Certain provisions af 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 jweed control�, 1Q.2 [taxes},and 13.1 [assignment]). Whenever such notice is required, Grantee shall notify Grantor in writing not less than thirty(34)days priar to the date Grantee intends ta undertake the use or activity in question, unless otherwise provided far by this Easement. 7.2. Approval. Where approval by one af the Parties is required under this Easement, 'i such approval shall be granted or denied in writing within thirty(34)days of receipt of a written request far approval, and such appraval shall nat be unreasonably withheld,detayed ar I, conditioned. Such approval may include reasanable conditions eansistent with the Ba�:iking ', Agreements that must be satisfied in undertaking the proposed use or activity. 7.3. Oatianal Consultatiott. If Grantor is unsure whether a propased use or activity I is prohibited by this Easement,Grantor may consuit Grantee by providing Grantee a written notice describing the nature, scope,design, lacation,timetable, and any other material aspect of the praposed use or activity in sufficient detail to permzt Grantee to make an infarmed judgrnent as to its consistency with the P'urpc>se af this Easement and to provide comments therean to Grantor. Tlus Section 7.3 does not itself impose a requirement of prior approvai of the activity described in any such notice. 7.4. Addresses. Any natice, demand,request,cansent, approval, or communication that any party desires ar is required ta give to the athers shall be in writing and either personally delivered or sent by first class certified mail,postage prepaid,or by facsimile(if available)with original clispatched by certified mail, addressed as fallows,or to such other address as any party frorn time to time shall designate by written notice to the others: � To Grantor: City of Renton 1455 Sauth Grady Way Renton, WA 9$OSS , Attn: Surface Water Utiiity Engineering Supervisor To Grantee: Cascade Land Conservancy 6l S Secand Avenue, Suite 62S Seattle, WA 98104 ' Attn. Senior Conservatian Director Ta Assignee: Washington State Department af Transportation P.O. Box 47338 Olympia, WA 98504-7338 Springbrook Conservation Easement 9 October 3,2006 � . ' — — — — — — — — —— Attn: Director,Real Estate Services And to Washington State Department af Transportation F.O.Box 47331 Olympia, WA 9$504-�331 Attn: Director,Environmental Services 8. ALTERNATIVE DISPUTE RESULUTION S.l, Preventive Discussions, Grantor and Grantee will promptly give the other notice of problems or cancerns azising in connection with the other's actions under the Easement or the use of or activities ar conditions on the Pratected Property, and wi11 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 ta this sectian shall pravide a capy thereof ta Assignee. 8.2. MediationlAlternative Dispute Resolution. If a dispute arises between the Parties concerning the consistency of any present or praposed use ar activity with the Purpose af this Easement,and if Grantor agrees not to cantinue or praceed with the use or activity pending resolution of the dispute, the Pazties shall meet together to discuss the dispute and attempt resolution. If the dispute is nat resolved thraugh 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 af a mediation request,the Parties shall select a single mediator to hear the matter. The matter shall be settled in accordance with any VYashington State mediation stattrte then in effect. 9. JUDICIAL RESOLUTION 9.1. Notice of Violation,Corrective Action. If either party deterntines that the other is in violation of the terms af this Easement or that a vialation is threa#ened,they shall give written natzce to the other af such violation and demand corrective action suf�'icient to cure the violation and,where the vialation invalves injury to the Protected Praperty resulting fram any use or activity incansistent with the Purpase of this Easement,to restore the portian af the Protected Praperty so injured to its prior condition in accordance with a plan appraved by Grantee. The party giving natice according to this section shall provide a copy thereof to Assignee. 9.2. Faiture to Respond. Either party may bring an action as provided in Section 9.3 belaw if the ather party: 9.2.l. Faiis to cure the vialatian within thirty(30}days after receipt of a notice af violation; or 9.2.2. Under circumstances where the violation cannat reasonably be cured , Springhrook Conservatian Easement 10 October 3,2006 within a thirty(30)day period, fails to begin curing the violation within the thirty(30) day period arld fails to continue diligently to cure such violation until finally cured. 9.3. Action. 9.3.1. Iniunctive 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. Dama�es. 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. Emergencv Enforcemen� 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. Scoae 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 aze 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 darnages or the inadequacy of otherwise available legal remedies. Crrantee'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 right or remedy ar be construed as a waiver. 9.$. Acts Bevond Partv's Cantrol. Neither Grantor nor Grantee shall be in default or viblation as ta any obligation created hereby and no condition precedent or subsequent shall be deemed to fail ta occur if such party is prevented from ftzlfilling such obligation by, or such condition fails to occur due to: 9.8.1. Actions by trespasser upon the Protected Property; 9.$.2. Forces beyond such party's reasonable cantrol,caused by a natural or human-caused catastraphic event or a deliberate and unlawful act by a third-party,which farces by exercise of due diligence and foresight such party could nat reasanably have expected ta avoid. A natizral catastrQphic event includes a flaod equal to or greater in magnitude than the 10U-yeaz flood event,an earthquake of a force projected fram an earthquake with a retum period of 475 years,or a debilitating drought,disease,wiidfire,depredation,regianal pes#infestation, or fluviaigeomorphic change. A human-causecl catastrophic event includes war, insurtectian, riot ar other civil disorders,spill of a hazazdous ar toxic substance, or fire. A deliberate and unlawful act includes the dumping of a hazardous ar toxic substance,vandalism,or arson; or 9.8.3. Any action deemed reasanable by Grantar under ernergency conditions to prevent, abate,ar mitigate signif cant injury ta#he Protected Praperty resulting from such causes. In the event the terms of this Easement are vialated by acts af firespassers, Grantar agrees, at Grantee's option and expense,ta join in any suit,to assign its right of action to Grantee,or to appoint Grantee its attorney in fact, far the purpose af pursuing enforcement action against the responsible parties. 9.9. Comoliance Certificates. Upon request by Grantor, Grantee shall within thirty {30)days execute and de2iver ta Grantar, ar to any party designated by Grantor, any dacument, including a letter af compliance,that cerkifies,to the best af Grantee's knowledge,the status of Gran#ar's campiiance with any obligation of Grrantor cantained in this Easernent and otherwise evidences the status af this Easement. 14. CO5TS,LIABILITIES,TAXES,ENVIRONMENTAL COMPLIANCE,AND INDEMrtIFiCATION 1 Q.l. Costs.Le�ai Repuirements,Liabilities and Insurance. Grantor retains all responsibilities and shall bear all costs and liabiiities of any kind related to the ownership, operatian, upkeep, and maintenance of the Protected Praperty. 10.2. Taxes and Other Costs. Grantor shali pay any taxes, fees and chazges assessed against the Protected Property by governmental authority as they become due, including taxes imposed upan,ar incurred as a result af, this Easement, and shall furnish Grantee with satisfactory evidence af payment upon request. To preserve its rights under this Easement, Grantee rnay,but is in no event abligated to, make payment of any taxes upon five{5�days prior written notice ta Grantor, in accardance with any bill, statement,or estimate procured from the Springbrook Conservation Easement 12 Qctober 3, 2011G _ � appropriate authority,without inquiry into the validity of the taxes or the accuracy af 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 governrnental authority for the late �I payment of the taac sa paid by Grantee. � 14.3. Renresentations and Warranties. Grantar represents and warrants that to Grantar's actual knawledge, and except as disclosed to Grantee in writing priar to the effective ! date of this Easement: 14.3.1. There aze 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 14.3.2. Grantor and the Protected Property are in compliance with a11 federal, state,and local laws, regulatians, and requirements applicable to the Pratected Praperty and its use,including,but not limited to, environmental laws,regulations, and requirements. 10.4. Controt. Nothing in this Easement shall be construed as giving rise, in the absence of a judicial decree,to any right ar abitity in Grrantee to exercise physical or managerial control aver the day-to-day agerations of the Pratected Property,ar any of C�rantor's activities on the Protected Praperty,or otherwise ta become an aperator with respect to the Protected Praperty within the meaning of the Comprehensive Environmental Response Compensation and Liability Act af I480, as amended{"CERCLA"}, and the Model Toxics Control Act,as amended {"MTCA"). � 10.5. Grantar's Iademnification. Grantor shall hold harmless,indemnify, and defend Crrantee and its members,directors,afficers, emplayees, agents, and cantractors(callec#ively "G�rantee Indemnified Parties")fram and against all liabilities,penalties,costs, losses, damages, expenses,causes of action,claims,dernands,ar judgments,including,wzthout Iimitation, reasonabie attorneys' and cansuitants' fees, arising from or in any way connected with breach af I its representa#ions and warranties or injury to or the death of any person, or physical damage to any property, resulting from any act,amission, condition,or other rnatter related to or accurring I an or about the Protected Property that is not a consequence af any action ar omission of any of , ithe Grantee Indernnified Parties on ar about the Protected Property. 10.b. Grantee's Indemnification. Grantee shall hold harmless,indemnify, and defend Grantor and Grantar's members, directors,officers, emplayees, agents, and cantractars {coilectively"Grantar Indemnified Parties") from and against all iiabilities, penatties, costs, losses,damages,expenses, causes of action, ciaims, demands, or judgments, including,without limitation,reasonable attorneys' and cansultants' fees, arising from or in any way connected with injury to ar the death af any persan, ar physical damage to any property, resulting from any act, omission, condition, or ather matter related to or occwrring on or abaut the Protected , Property that is a consequence of Grantee's actions or omissions or the actions or omissions of � �'irrantee's members, directors, officers, employees, agents,or cantractors on or about the , Protected Property. Springbrook Conservatian Easement 13 October 3, 200f5 11. EXTINGUISHMENT,CONDEMNATION,AND SUBSEQUENT TRANSFER 11.1. Extinguishment. If circumstances arise in the future that render the Purpase af 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 obligatians under this Easement is grovided for under separaie agreement with the Grantar. The immediately foregoing grovision shall be limitec!soiely to the circumstances described in this Section 11.1,and shall not be interpreted to have any application or inference to any ather provision of, ar circumstance under,this Easement, including,but not limited to, thase provisions pertaining to Grantee's rights ta enfarce the terrns of this Easement and Grantee's rights ta damages to,or the cast af restoring, the Canservatian Values. 21.2. Condemnation, If the Easement is taken, in the whate ar in the part,by the exercise of the power of eminent domain, Grantee shail not be entitled ta compensation and the entirety af any compensatian award shall belong ta Grantor. The immediatety faregoing provision shall be limited solely to the circumstances described in this Section I 1.2, and shall not be interpreted ta have any application or inference to any other provision of, ar circumstance under,this Easement, including,but not limited to,those pravisions pertaining ta Grantee's rights to enforce the terms of this Easement and Grantee's rights to damages to, ar the cost of restoring,the Conservation Values. 11.3. Subsepuent Transfers. Grantor agrees to: 11.3.1. Incorporate the terrns af this Easement by reference in any deed ar other legal inst�-ument by which it divests itself of any interest in all or a portian af the Protected Property, including,withaut limitatian, a leasehold interest; 11.3.2. Describe this Easement in and append it to any executary cantract far the transfer of any�nterest in the Protected Praperty; 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 ta 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 af Grantar ta per#'orm 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 Mer�er. In the event that Grantee acquires the fee title to the Pratected Praperty, it is Grantor's and Grantee's intention that no merger af title shall take place that would merge the restrictions of this Easement with fee title to the protected property and thereby eliminate thern, and that the restrictions on the use of the Protected Property, as embodied in this Springbrook Conservation Easement 14 Dctober 3,200G _ _ � Easement,shall, in the event title becomes vested in Grantee,become and remain permanent and perpetual restrictiQns an the use of the Pratected Property. Fnrthermore, the Grantee agrees to incorporate the provisions in this Grant Deed of Conservation Easement in any subsequent conveyance of an interest in the Pratected Praperty. 12. AMENDMENT 12.1. Amendment to Exnand 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 sueh additional real praperty is contiguaus with the property that is aiready subject ta this Easement. Any such amendment shall be recorded in the official recards 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 af#his Easement would be appropriate, Grantor and Grantee are free ta jointly amend this Easement upan appraval of such arnendment or modification by the Banking Ageneies. Any such amendrnent shall be recorded in the official records of King County, Washingtan, and any other jurisdictian in which such recording is required. ' 13. ASSIGNMENT AND SUCCESSION 13.1. Assi�nment Generailv. With Grantar's written appraval,which will not be unreasanabty withheld, canditioned, or detayed,and the Banking Agencies' written appraval, I this Easement is transferable,but Grantee may assign its rights and obiigations under this I Easement only to an organizatian that is authorized to acquire and hold conservation easements I under RCW 64.04.130 or RCW 84.34.210(or any successor provision(s)then applicable). As a I conditian of such transfer, Grantee shall require that the transferee exercise its rights under the I assignment consistent with the I'urpose af this Easement. Grantee shall notify Grantor in writing I forty-five(4S}days prior ta such assignment at Grantor's last known address. I I� 13.2. AssiEnment to WSDOT. The Grantee agrees to assign this Easement to the I Washmgton State Departrnent of Transportatian("Assignee")at such time as all of the ' Assignee's banking credits have been sold,used or transferred, or the Sponsors have '� I� permanently ceased banking activities, whichever occurs earlier(Termination of Assignee's , Mitigation Bank t�perational Life). Assignee shall certify in writing to Grantor, Grantee and the Bank taversight Committee that the events necessary for Termination of Assignee's Mitigation I� Bank(3perational Life have accurred, and that Assignee requests Assignment of the Easement pursuant to this Section. Upon Grantee's receipt of Grantor's written appraval,which will not be unreasonably withheld, conditioned, or deiayed, and receipt of the Banking Agencies' written Il approval, Grantee shail assign, and WSDOT shall accept assignment under an Assignment of ( Easement substantially in the form of Exhibit E. Assignee will be obligated ta all terms of this � Easement and will haid this Easement as Grantee from that point on in perpetuity. 13.3. Succession. If at any time(a) it becomes impassible for Grantee to ensure compliance with the covenants,terms,canditians and restrictions contained in this Easement,{b) the Grantor and the Banking Agencies, or the Banking Agencies alane,determine that this Springbraok Conservatinn Easement t S Qctober 3, 20�6 � — — — — — Easement should be assigned due to any reasons of actual nan performance by the Grantee, including,but not Iimited to, circumstances under which actual nan performance occurs because Grantee is the holder of both the fee title to the Protected Property and this Easement, (c)Grantee ceases ta exist or to be authorized to acquire and hold conservation easernents under RCW 64.04.130 and 84.34.210 (or any successor provision(s�then applicable),ar(d}Grantee is otherwise released from its liabilities and abligations under the Easement,then,if Grantee has been provided forty five (45)days prior notice and opportunity to cure any non performance ar 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$.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 purpc�ses similar ta Grantee's,that is authorized ta acquire and hold conservation easements under RCW 64.04.130 or RCW$4.34.21Q(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 jurisdicdon shall direct,pursuant to the applicable Washington law and with due regard ta the Purpase of this Easement. 14. RECORDATI4N Grantee shall record this Easement in a timely fashian in the official records of King Caunty, Washington,and in any other�Y�,�u�,��ate jurisdictions,and may re-record it at any time as may be reqizired to preserve its rights in this Easement. 1S. GENERAL PROVISIONS I5.1. Controllin Law. The interpretation and perfarmance af this Easement shall be governed by the laws of the State of Washington. 15.2. Liberal Constraction. Any generat rule of construc#ion ta the contrary natwithstanding,this Easement sha11 be liberally canstrued in favar of the grant to affect the Purpose of this Easement. If any pravision in this Easement is faund to be ambiguaus, an interpretation consistent with the Putpase of this Easement that would render the pravisian valid shall be favored over any interpretation that would render it invalid. 15.3. Severabilitv. If any provision of this Easement,ar its application to any persan ar circizmstance, is found to be invalid, the remainder of the provisians of this Easement, or the application of such provision ta persons or circumstances other than those as to which it is faund to be invatid, as the ease may be, shalt not be affected. 15.4. Entire A�reement. Except as to the Canservation Easement Reimbursement Agreement for Springbrook Creek Wetland and Habitat Mitigation Bank, all prior discussions, negotiations,understandings,communicatians,or oral agreements regarding this Easement have been superseded by, and are merged into, this Easement. IS.S. No Farfeiture. This Easement does not convey any interest in the Protected Springbrook Conservation Easement 16 October 3,2006 � � Property other than the rights specifically provided herein. 15.6. "Grantor"- "Grantee". T'he terms"Grantar" 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 Crantar, and its successors and assigns, and the above-named Grantee, and its successors and assigns, 15.�. Saccessors and Assi�,ns. The covenants,terms, conditions, artd restrictions af this Easernent shall be binding upan,and inure ta the benefit af, the Parties ta this Easement and their respective successars and assigns, and shall continue as a servitude rur►ning in petpetuity with the Protected Property,unless soaner terminated as expressly pravided far herein. No tenn or rovision of tlt7is Ease e ' i I p m nt is ntended to be,ar shall be, for the benefit of any person, firm, . I organization, or corporation not a party to this Easement,and nv such other persvn, firm, � ' organization,ar corporation shall have any right or cause of action hereunder,�zcept as � expressly provided in Section 13 above. 15.8. Termination of Ri�hts and Obli atians. A party's rights and obligations wnder this Easement terminate upon t��ansfer of the party's interest in the Easement or Protected , Property, except that liability for acts ar amissians occurring prior to transfer shall survive transfer. I 15.9. Cauateroarts. The Parties may execute this Easement in two or mare counterparts,which sha11 be si ed b all Parties. Each counte art shall be deemed an ori �nal � Y Yp g� inst�rument as against any party who has signed it. In the event of any disparity between the counterparts produced,the recarded counterpart shall be cantrolting. 15.10. Recitals. Each recital set farth abave is fu11y incarporated into this Easement. II IS.11. Effective Date. The effective da#e of this Easement is the date of recording of ` this Easement. 1512. Authoritv. The individuals signing belaw, if signing an behalf of any entity, represent and wanant that they have#he requisite authority to bind the entity on whose behalf � they are signing. ( 15.13. Captions. The captions in this Easement have been inserted solely far � convenience and ease af reference and are not a part of this Easement and shali have no effect � upan constnzctian ar interpretatian. � 16. SGHEDULE OF EXHIBITS i Ib.1. Exhibit A—Legal Description of Property Subject ta Easernent. � 1G.2. Exhibit B—Site Map(s}. � I Ib.4. Exhibit C—Permitted Exceptions � I � Springbrook Conservation Easement 17 Octaber 3, 200G � � - 16.5 Exhibit D—Agreement for Release From Liability 16.6 E�chibit E—Assignment af Easement Ta HAVE AND To HoLo unta Grantee, its successors and assigns forever. IN WITNESS WHEREOF, the undersigned Grantar has executed this Easement this �dy of ���%'�°'L ,2006. CITY OF RENTON,Grantor By�a�, /��-�'���„- Kathy Keolk�er,Mayor The CASCADE LAND C4NSERVANCY does hereby accept the above Grant Deed of Conservatian Easement. Dated: f b • y ob CASCADE LAND CCiNSERVANCY, Grantee By �� , C.�S+� �i�ji*rtor� E�c�lvfi`� . t/',c� f�,�es%�+-.�' THE WA3HINGTON STATE DEPARTMENT OF TRANSPpRTAT10N daes hereby accept its designation as Assignee�p on the ccurrence of thase events described in Paragraph 13.2 abave. Dated: UGf �,�0� . - WASHINGT{�N STATE DEPARTMENT{}F TRANSPURTATION BY4.�0� G ld L�altinger /�� Director af Real EsfaCe Services Springbrook Conservation Easement 18 October 3,200d ' STATE OF WASHINGTON � }SS, COUNTY OF KING } I On this�►f r1 day of���}�t, 2446,before me,the undersigned, a Notary Public in and for the State of Washingtan, duly commissioned aar}��worn,personally agpeared � ' �, ta me knawn to be the�'�: �?4�K �Y QF RENTON,the Washington limited liabilit company that executed the within and fare oin Easement, and acknawledged g � the said Easement ta be the free and voluntary act and deed af said campany far the uses and � purposes therein mentioned, and on oath stated that he is authorized to execute the said ' Easement. WIT�tEss my hand and official seal hereto affixed the deal and year in this certificate I above written. j ��`�����`�������� . ,� yr�,N�V '+�� `���,.� �/�j , I , y��Sy�$`�.���1�Et}� �/i c 4L��,1 i.}-���"�4��-�'ti'- �;�; g -��'0���'���i N4TARY PUBLIC in and for e Sj te of I �'.�'�.�� y �"�n% � Washington,r si in at �'11,77�JY2 I �, � �o . - : : I � scs ' sZ� PrintName: r�ii�'i��L N�,L� {Y�t'�Ft�� � %.,�� A�gti�Og',�= My commission expires�!�t��!?� I , ��/`��''��a 9'1 J' ,�'�,� r,��9�F����fi,.�������..— I�� ��►�,��� STATE OF WASHINGTON � � � 5S. � COUNTY OF KING � � � � j On this � day af���,y, r�-C` 2006,befare rne,the undersigned, a Notary Public in j and for the State of Washington,dul o 'ssioned and sworn,persanally appeazed '��.q�,,�/ l O<<a�lo�"'B�4 to me known to be the���x��of Cascade Land Conservancy,the Washington ( nonprafit corporation that executed the within and foregoing Easement, and acknowledged the � said Easement to be the free and valuntary act and deed of said cor�wration for the uses and � purposes therein mentioned, and on oath stated that he is authorized to execute the said j Easement. I � WrrtvEss my hand and off cial seal hereto affixed the deal and year in this certificate � above written. ����.1�`wi�t,'r'ER�,,,� �♦~ ����+ � .�/ ��T�r � No'r�tY PuBLIC in and for the State of = ��r _ Washington,residing at - Print Name:,�,�p„���„�,�. =M A���'�� �� My cornmission expires ifr�l.����r �����,tp��� f�i��fFlW AS������� � Springbrook Cor�.cervation Easement 19 Octvber 3,20Q6 � � � - -- -- - - . EXHIBIT A to GRANT DEED OF CONSERVATION EASEMENT Legal Description of Propertv Subiect to Easement Units A,B and E of City of Renton Lot Line Adjustment No. LUA-4fi-Q9S-LLA,recorded under King County Recording Na. 20060824904447, as mare particularly described in the attached Sheet 2 thereaf; TCIGETHER WITH Unit C of said Lot Line Adjustment, as mare particularly described in the attached Sheet 2 thereof, EXCEPT that portion of said unit Iying nartherly af the southernmost line of the easement granted to Burlington Northern and Santa Fe Railway Co. recorded under King County Recording Number 20050303000954; and TC?GETHER WITH the north 721 feet of Unit D af said Lat Line Adjustment, as mare particularly described in the attached Sheet 2 thereaf. Situated 'm Section 30,Township 23 Narth,Range 5 East, W.M., and in Sectians 25 and 36 of Township 23 North,Range 4 East, W.M., ail in the City af Renton,King County,Washington. Springbrook Conservatian Easement 20 October 3,200d r . i I i � '. � T e 23Ne Re 4E. WaM. : T. 23N. Re 5Ea W.M. 9A'2tt�+Smc[T�; —SPRINGBROOK CREEK WETIAND . AND NhBiTAT M�TtGA170N BANK ' BOVNDARIES. ��� _'--"—PEAESIRIAN SRA1l BWNOARIES. j� 0 � P ��� ��� v �(t1 ',i { 'ii ���.� G , ! `.i--- � � 25 — � 3� � � � � sw xn+smccT � , � � ? � \T� v� . SM)9IH SIREET .............."". � - . , '..._.... ��� ""......._""'._..."_'....__......"""_ � U �N� ; � S 18qM SiREE7 ; �p z5p o '�,° �0�0 ' SCALE�N FEE1 w � w EXHIBIT - � 36 `r �, �' 31 � -. � 1 EXHIBIT C to GRANT DEED OF CONSERVATION EASEMENT Permitted Exceptions Those restrictions,reservations and protective covenants, and those easernents identified as , "remaining"or"portion remaining," all as shown on Sheets 12 through 19 inclusive of the City af Renton Lot Line Adjustment No. LUA-06-095-LLA recorded under King County Recording No. 20060$24900007,copies of which are attached hereto. I I I I Springbrook Conservatian Easement 22 October 3,200b I r EXHIBIT D to GRANT DEED OF CONSERVATION EASEMENT A�reement for Release from Liabilitv 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 Properly")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,WANE AND DISCHARGE CITY OF RENTON and their personal representatives,heirs, SUCCeSSOTS, Slld 8SS1griS, atld�18 CASCADE LAND CONSERVANCY Sil(i 1tS ' personal representatives, successors, and assigns from any liability for harm or loss suffered by me m connection with my activities in the Protected Property, WHETf�R BY NEGLIGENCE OR NOT, a11d I FURTI-�R 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, SIICCeSSOtS, and assigns, fCOTri any and a111iability,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 I,IABILITY" 1S intended to be as broad and inclusive as pernutted 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 TF�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 GRA.NT DEED OF CONSERVATION EASEMENT Assi�nment 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 I Assignor: Cascade land Conservancy �, Assignee: Washington State Department of Transportation I Legal Description Ptn of W 1/2 of Section 30,T23N,RSE, 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 Pazcel Numbers: 1) 125381-0090-OS (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 Conservarion 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 A�reement. 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 Authoritv. Each undersigned representative of the parties certifies that he or she is fully authorized to enter into the tenns 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 Bl� [name] [title] Springbrook Conservation Easement 27 October 3,2006 STATE OF WASHINGTtJN } }Ss. COUNTY UF KING } On this day of 2U_,before me,the undersigned,a Natary Public in and for the State of Washington,duly commissioned and sworn,personally appeared ko me known ta be the President af 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 instrurnent. WtTNESs my hand and official seal hereto affixed the deal and year in this certificate above written. NOTARY PUBLiC in and for the State af Washingtan,residing at Print Nazne: My comtnission 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 commissianed and sworn,personally appeared [name]ta me known to be the [title� of the Washingtan State Deparirnent of Transpartatian,the agency of the State af Washington that executed the within and foregaing insriwnent,and aclrnowledged the said instrument to be the free and volurnary act and deed of said agency for the uses and purposes therein mentioned,and an aath stated that sthe is authorized to execu#e the said instrument. W�TNEss my hand and official seal hereto a�xed the deal and year in this certificate abave written. NOTARY PU�LIC in and for tha State of Washington,residing at Print Narne: My commission expires Sprzngbrovk Conservatian Easement 28 Octaber 3,2006 EXHIBIT A to ASSIGNMENT OF GRANT DEED OF CONSERVATION EASEMENT L�e al Description of Pronertv 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 EXHIBIT B to ASSIGNMENT OF GRANT DEED OF CONSERVATION EASEMENT Conservation Easement Springbrook Conservation Easement 30 October 3, 2006