HomeMy WebLinkAboutContractTHE BOEING COMPANY COMPENSATION AGREEMENT FOR COST TO CURE FOR PARK AVENUE
NORTH EXTENSION
THIS AGREEMENT, dated for reference purposes only as January 5, 2021, is by and between the
City of Renton (the “City”), a Washington municipal corporation, and The Boeing Company
(“Boeing”), a Delaware corporation. The City and Boeing are referred to collectively in this
Agreement as the “Parties.” Once fully executed by the Parties, this Agreement is effective as of
the last date signed by both Parties.
1.Purpose: As set forth in the Permanent Easement for the Park Avenue North extension
project granted by Boeing and granted to the City (the “Permanent Easement”), as a cost to
cure, the City agreed to compensate Boeing for (1) the full cost of reconstructing Boeing’s
electrical distribution system that currently exists within the Easement Area, as that term is
defined in the Permanent Easement, based upon final plans that are mutually acceptable to
Boeing and the City, (2) the full cost of moving Boeing’s existing protected site entrance
currently located at Lake Washington Boulevard N. (“Existing Protected Site Entrance”), to a
new location on Logan Avenue N. at approximately N. 7th Street (“New Protected Site
Entrance”), based upon final plans that are mutually acceptable to Boeing and the City, and
(3)the full cost of closing and removing the Existing Protected Site Entrance once the New
Protected Site Entrance is complete. Collectively, these three work items are hereinafter the
“Work.” In the Permanent Easement, the City also agreed to compensate Boeing for design
associated with the Work and for the value of property acquisition, but the Parties have
separately addressed these issues. The purpose of this Agreement is to establish criteria for
Boeing’s performance of the Work and for the City’s compensation to Boeing for the Work.
2.Scope of Work:
A.Boeing shall perform that portion of the Work associated with relocating Boeing’s
electrical distribution system in accordance with the Park Ave N Extension / Renton
Site Plans dated March 25, 2020, except as and to the extent that such plans are
updated as agreed by the Parties.
B.Boeing shall perform that portion of the Work associated with moving the Existing
Protected Site Entrance to the New Protected Site Entrance and associated with
closing the Existing Protected Site Entrance in accordance with the N. 7th Street Plans
dated November 13, 2020, except as and to the extent that such plans are updated
as agreed by the Parties.
CAG-21-089
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C.Boeing shall have no responsibility for obtaining any permits for the Work.
3.Time of Performance: Boeing shall commence performance of the Work upon execution
of this Agreement or the Permanent Easement, whichever occurs last.
4.Compensation:
A.Amount. Total compensation to Boeing for the Work provided pursuant to this
Agreement is estimated at $1,355,481. Compensation shall be paid based upon the cost
of Work actually performed.
B.Method of Payment: On a monthly or no less than quarterly basis, Boeing will send to the
City detailed invoices documenting progress completed on the Work. Payment shall be
made by the City within thirty (30) calendar days after receipt and approval by the City of
the invoice. Boeing shall submit a final invoice within six (6) months of completion of all
Work. The City shall make payments to Boeing at the following place:
The Boeing Company
Global Real Estate
PO Box 842289
Dallas TX 75284‐2289
Reference: GG|6703000|GGPSSG11058|SSG11058|X|GG|PUCR|699
5.No Termination: This Agreement is non‐terminable unless the Parties terminate the
Permanent Easement.
6.Notices: All notices and other communications (including the transmittal of invoices from
Boeing to the City) required or permitted hereunder shall be in writing, and shall be sent
(a)by US Mail or (b) by PDF or similar attachment to an email, provided that such email
attachment shall be followed within three (3) business days by delivery by US Mail.
CITY OF RENTON
Hebé C. Bernardo
1055 South Grady Way
Renton, WA 98057
Phone: (425) 430‐7232
hbernardo@rentonwa.gov
THE BOEING COMPANY
_______________________
_______________________
_______________________
The Boeing Company
153 Jame S. McDonnell Blvd.
M/C S_____________221-1400________
Hazelwood, MO 63042
4/8/2021
Approved by Leslie Clark via 3/16/2021 email