HomeMy WebLinkAboutAdden 07 LAG-04-003, Adden V-14
ADDENDUM #7-14 TO LAG-4-003, PARK AND RIDE GARAGE AGREEMENT
Between
CITY OF RENTON AND KING COUNTY
This Addendum #7-14 to LAG-4-003, Park and Ride Garage Agreement ("Addendum") is
entered into the -0_ of n i m m&f 2014 ("Effective Date"), between the City of
Renton, a noncharter code city under RCW 35A, and a municipal corporation under the laws of
the State of Washington (hereinafter "Renton"), and King County, a home rule charter county
and political subdivision under the laws of the State of Washington, acting through its
Department of Transportation (hereinafter "KCDOT"), with Renton and KCDOT collectively
referred to as the "Parties." By this Addendum, the Parties mutually agree to amend the
original and existing Park and Ride Garage Agreement, which permitted transit and ride share
commuters to use of a portion of Renton's property for a park and ride lot, entered into by the
Parties on June 1, 2004 (Reference: LAG #4-003) ("Original Agreement"), and the previous
mutually agreed written amendments of that original and existing Park and Ride Garage
Agreement (with each amendment and the original agreement collectively referred to as
"Agreement").
Subsequent Amendments to LAG #4-003:
Amendment 1-08, executed October 22, 2008, expanded the number of commuter parking
spaces to serve transit customer ridership and modify the compensation under Section 2
(Payment) of the Original Agreement.
Amendment 2-09, executed on November 24, 2008, extended the Term to December 31, 2009.
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*Awl 'VeDENDUM#7-14 TO LAG-4-003
PARK AND RIDE GARAGE AGREEMENT
CITY OF RENTON AND KING COUNTY
Amendment 3-09, executed on December 31, 2009, extended the Term to December 31, 2010.
Amendment 4-10, executed on December 31, 2010, extended the Term to December 31, 2011.
Amendment 5-12, executed on December 31, 2011, extended the Term to December 31, 2012.
Amendment 6-13, executed on December 31, 2012, extended the Term to December 31, 2013.
NOW, THEREFORE, in consideration of the mutual terms and covenants in this Addendum and
other good and valuable consideration, the Parties agree to the following:
SECTION 1. The Parties agree to extend the Term of the Agreement for an additional
two (2) year period to expire on December 31, 2015, with the option to extend for the years
2016 and 2017. KCDOT shall pay the rent and use the spaces as indicated on Exhibit A, attached
and fully incorporated into this Addendum. The Parties also agree that KCDOT shall have the
option, at is sole and absolute discretion, to add up to one hundred (100) additional parking
spaces in the garage for transit commuter park-and-ride purposes at any time during the Term
and any extension of the Term; and if KCDOT elects to do so, KCDOT shall pay additional rent
for such additional parking spaces at the same per-space rate as then in effect for the leased
spaces as shown on Exhibit A. If KCDOT elects to exercise this option, KCDOT shall give Renton
thirty (30) calendar days' notice of the date that KCDOT intends to initiate such additional use,
and the number of spaces that KCDOT intends to use; and within ten (10) business days of
receiving KCDOT's notice the Renton shall designate which additional spaces in the garage are
designated as available for KCDOT's additional use.
As a result, Section 3 (Term) of the Original Agreement is deleted in its entirety and is
replaced as follows:
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�✓ DENDUM#7-14 TO LAG-4-003
PARK AND RIDE GARAGE AGREEMENT
CITY OF RENTON AND KING COUNTY
This Agreement shall be in full force and effect and binding upon the Parties
beginning June 1, 2004, and shall continue until it expires on December 31, 2015.
KCDOT shall have the option to extend the Term for another two (2) years by
giving Renton written notice no later than thirty (30) calendar days before the
expiration of the Term. If KCDOT exercises this extension option then during such
extension of the Term the payment of rent and the parking-space count shall be
as set forth on Exhibit A.
SECTION 2. All terms and conditions of the Agreement not amended by this
Addendum #7-14 shall remain in full force and effect and are ratified and re-confirmed. To the
extent any term(s) and/or conditions) of the Agreement conflicts with any term(s) and/or
condition(s) of this Addendum #7-14, the term(s) and/or condition(s) of this addendum shall
control.
DOCUMENT CONTINUES ON FOLLOWING PAGE
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DENDUM#7-14 TOLAG-4-003
PARK AND RIDE GARAGE AGREEMENT
CITY OF RENTON AND KING COUNTY
IN WITNESS WHEREOF, the Parties agree that this Addendum, once executed takes
effect on the Effective Date noted above.
CITY OF RENTON KING COUNTY
lwx�4*xtz
Denis Law Kevin Desmond,
Mayor General Manager
1055 South Grady Way King County Metro Transit Division
Renton, Washington 98057
Date Date
Approved as to Legal Form Approved as to Legal Form
F
i
Lawrence J. Warren ndrW. M cuse
w
Renton City Attorney puty Prose uting Attorney
}ch-1&o& 11 I3 m
Date Date
Attest
Jaso A. Seth
Act' g City Clerk
Date
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Park and Ride Garage
Amendment 7
EXHIBIT A
RENTON CITY MUNICIPAL GARAGE
Cost per Leased Spaces in Monthly Cost** Quarterly Cost Annual Cost
Year space/month Garage
2013 (last year) $ 15.00 200 $ 3,000 $ 9,000 $ 36,000
(spaces 362-562)
2014
Covered parking $ 25.00 110 $ 2,750 $ 8,250 $ 33,000
(spaces 362-472)
Uncovered parking $ 20.00 90 $ 1,800 $ 5,400 $ 21,600
(spaces 473-562)
Total 200 $ 4,550 $ 13,650 $ 54,600
2015 $ 30.00 100 $ 3,000 $ 9,000 $ 36,000
(spaces 462-562)
2016 $ 30.00 100 $ 3,000 $ 9,000 $ 36,000
(spaces 462-562)
2017 $ 30.00 100 $ 3,000 $ 9,000 $ 36,000
(spaces 462-562)
* Spaces 362-472 are on Floors 5-6 in the garage
Spaces 462-562 are on Floors 6-7 in the garage
** Monthly Cost= Number of spaces x Monthly cost per parking space