HomeMy WebLinkAboutAdden 1 ASr,v11110 CAG-07-069 Adden #1-07
/ Matthew K.Rose Burlington Northern
" i - Santa Fe Corporation
P.O. Box 961052
Fort Worth,TX 76161-0052
2650 Lou Menk Drive
Fort Worth,TX 76131-2830
tel 817.867-6100
fax 817.352.7330
matthew.roseCa?bnsf.com
July 17, 2007
The Honorable Kathy Keolker
Mayor
City of Renton
1055 South Grady Way
Renton,WA 98057
Dear Mayor Keolker:
Pursuant to a letter agreement dated April 16,2007("Letter Agreement"),the city of Renton
("Renton")and BNSF Railway Company("BNSF")agreed to certain terms in an effort to address
mutual concerns over the potential sale and redeployment of BNSF's right-of-way between
Renton and Woodinville,Washington. This new letter agreement serves to amend the Letter
Agreement that was executed on April 16, 2007.
Section 1 of the Letter Agreement of April 16, 2007, shall be deleted in its entirety and replaced
with the following new Section 1:
1. Overpass Reconstruction. Working with the city of Renton, BNSF intends to reconstruct
the bridges over Rainier Avenue, Hardie Avenue and Shattuck Avenue in the second half
of 2007. BNSF will manage the design and construction of these structures, and Renton
will provide funding for the reconstruction as follows:
(i) Renton will provide funding up to a total project expenditure level of
$8,950,000.00.
(ii) BNSF and Renton agree to split evenly any costs exceeding$8,950,000.00
associated with the Rainier Avenue,Hardie Avenue and Shattuck Avenue
overpass reconstruction projects.
(iii) If the cost to complete the reconstruction of the Cedar River Bridge in Renton
exceeds$6,000,000.00,the amount in Section 1(i) and Section 1(ii) above shall
be reduced by any amount over$6,000,000.00, subject to a maximum reduction
of$1,100,000.00.
(iv) Any cost savings from the Cedar River bridge project(the difference between
WSDOT's budget of$10 million and the actual project cost) will be applied
toward Renton's share of the reconstruction of the bridges at Rainier Avenue,
Hardie Avenue and Shattuck Avenue. If the savings exceed$4 million,the
excess amount above$4 million will be shared equally between BNSF and
Renton up to their respective contribution to the three bridge projects.
Nosy
Subject to this new letter agreement, all other terms in the Letter Agreement of April 16, 2007,
shall remain in full force and effect.
If this amendment is acceptable to the city of Renton,please sign as designated below. As
always, BNSF appreciates the support and assistance of the city of Renton as we move forward
with the transformation of the Eastside Corridor.
Sincerely,
lAitier•444-412e.. -l8- D07
Date .�
Matthew K. Rose
Chairman, President and Chief Executive Officer
BNSF Railway Company
For the City of Renton:
/ er/ Date 7-/g- 02007
Kathy K-: er
Mayor
-7/141,w • 1 )ae
Bowie I.Walla,My Clerk