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Home My WebLink AboutCouncil 04/05/2010AGENDA RENTON CITY COUNCIL REGULAR MEETING April 5, 2010 Monday, 7 p.m. *REVISED* 1.CALL TO ORDER AND PLEDGE OF ALLEGIANCE 2.ROLL CALL 3.PROCLAMATION a. Volunteer Month ‐ April 2010 4.SPECIAL PRESENTATION Promotion of Mark Peterson to Fire Chief & Emergency Services Administrator 5.ADMINISTRATIVE REPORT 6.AUDIENCE COMMENT (Speakers must sign up prior to the Council meeting. Each speaker is allowed five minutes. The comment period will be limited to one‐half hour. The second audience comment period later on in the agenda is unlimited in duration.) When you are recognized by the Presiding Officer, please walk to the podium and state your name and city of residence for the record, SPELLING YOUR LAST NAME. 7.CONSENT AGENDA The following items are distributed to Councilmembers in advance for study and review, and the recommended actions will be accepted in a single motion. Any item may be removed for further discussion if requested by a Councilmember. a. Approval of Council meeting minutes of 3/22/2010. Council concur. b. Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the initiative and additional public outreach. Refer to Planning and Development Committee. c. Community and Economic Development Department submits the proposed 2010‐2011 Title IV Docket and Comprehensive Plan amendment table for the annual review processes. Refer to Planning and Development Committee and the Planning Commission. d. Community Services Department requests authorization to name Courtroom #1 (on 3rd floor of City Hall) the "Roger I. Lewis Courtroom," and waiver of the required six‐month waiting period. Refer to Community Services Committee. e. Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided to Renton residents by the King County Library System. Refer to Community Services Committee. f. Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐ 09‐020, with KPG, Inc., in the amount of $207,815.30 for additional design services related to the Garden Ave. N. Widening project. Council concur. Page 1 of 169 g. Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the project, commencement of a 60‐day lien period, and release of retainage in the amount of $243,286.68 to Rodarte Construction, Inc., contractor, if all required releases are obtained. Council concur. h. Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, accepting $34,741.88 for Renton’s 2010 Local Hazardous Waste Management Program. Council concur. 8.UNFINISHED BUSINESS Topics listed below were discussed in Council committees during the past week. Those topics marked with an asterisk (*) may include legislation. Committee reports on any topics may be held by the Chair if further review is necessary. a. Finance Committee: Vouchers; GIS Positions Class Specifications & Salary Grades b. Transportation (Aviation) Committee: Traffic Signals on NE 4th St. 9.RESOLUTIONS AND ORDINANCES Ordinance for second and final reading: a. Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010) 10.NEW BUSINESS (Includes Council Committee agenda topics; call 425‐430‐6512 for recorded information.) 11.AUDIENCE COMMENT 12.ADJOURNMENT COMMITTEE OF THE WHOLE AGENDA (Preceding Council Meeting) COUNCIL CHAMBERS April 5, 2010 Monday, 5:00 p.m. King County Library System Update • Hearing assistance devices for use in the Council Chambers are available upon request to the City Clerk • CITY COUNCIL MEETINGS ARE TELEVISED LIVE ON GOVERNMENT ACCESS CHANNEL 21 AND ARE RECABLECAST: Tues. & Thurs. at 11 AM & 9 PM, Wed. & Fri at 9 AM & 7 PM and Sat. & Sun. at 1 PM & 9 PM Page 2 of 169 3a. ‐ Volunteer Month ‐ April 2010 Page 3 of 169 CITY OF RENTON COUNCIL AGENDA BILL Subject/Title: City Center Community Planning Initiative and Plan Draft Meeting: Regular Council - 05 Apr 2010 Exhibits: Issue Paper City Center Community Plan Draft Submitting Data: Dept/Div/Board: Community and Economic Development Staff Contact: Angie Mathias x6576 Recommended Action: Refer to Planning and Development Committee Fiscal Impact: Expenditure Required: $ $0 Transfer Amendment: $$0 Amount Budgeted: $ $0 Revenue Generated: $$0 Total Project Budget: $ $0 City Share Total Project: $ $0 SUMMARY OF ACTION: The Community Planning effort for the City Center began last summer with outreach to residents and businesses. In December 2009, the Committee of the Whole was briefed regarding public outreach and involvement, the findings of the outreach, and the goals that evolved out of that process. The attached revised draft plan incorporates comments provided up to this point in time. The plan is intended to express a vision and the goals for the City Center community over the next 20 years. Following review by the Planning and Development Committee, and additional public outreach, a finalized plan will be presented to the City Council for its consideration and adoption. STAFF RECOMMENDATION: Adopt a final City Center Community Plan following review of the initiative and additional public outreach 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 4 of 169 H:\CED\Planning\Community Planning\City Center\Issue Paper - City Center Plan.doc DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT M E M O R A N D U M DATE:April 5, 2010 TO:Don Persson, Council President Members of the Renton City Council VIA:Denis Law, Mayor FROM:Alex Pietsch, Administrator STAFF CONTACT:C. E. “Chip” Vincent, Planning Director (x6588) SUBJECT:City Center Community Planning Initiative and Framework Plan Draft ISSUE: Should the City Center Community Planning initiative be referred to the Planning & Development Committee? Also, should the draft of the City Center Community Plan be considered by the Planning and Development Committee for release to the public for review and comment? RECOMMENDATION: Refer the City Center Community Planning initiative to the Planning and Development Committee for review. BACKGROUND SUMMARY: The Community Planning effort for the City Center began last summer with outreach to residents and businesses. In December 2009, the Committee of the Whole was briefed regarding public outreach and involvement, the findings of the outreach, and the goals that evolved out of that process. A draft of the plan was prepared as the next step. This draft has been reviewed and amended twice by the Interdepartmental Team. The attached revised draft plan incorporates comments provided up to this point in time. The plan is intended to express a vision and the goals for the City Center community over the next 20 years. Below is the planned series of next steps. ·April 12, 2010 – Presentation to Committee of the Whole and Discussion ·April 21, 2010 – Informal briefing to the Planning Commission and invitation to provide feedback ·Pending Council recommendation, present draft to public and invite comment §Post draft plan on City website with survey to encourage comment §Email to all parties who provided email addresses 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 5 of 169 Don Persson, Council President Page 2 of 2 April 2010 h:\ced\planning\community planning\city center\issue paper - city center plan.doc §Send post cards to all addresses within the area ·Following 30 days close public comment ·Reconvene IDT to review comments and amend plan as needed ·Present Plan to Planning and Development Committee and ask for recommendation to recognize plan ·Present Plan to Council and ask for recognition ·City Center Framework Plan is finalized as Part 1 ·Part 2, the implementation strategy, work will commence and following that process the implementation strategy and framework plan will be consolidated to a single document to be adopted by Council as the City Center Community Plan CONCLUSION: The City Center Community Plan draft is presented to the Council for review. Please submit revisions or suggestions by email or as a physical copy of the draft with your edits to Angie Mathias, or verbally at the scheduled Committee of the Whole meeting. Pending Planning and Development Committee recommendation and Council concurrence, the draft plan will be released to the public for their review and comment. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 6 of 169 notneR foC i yt City Center Community Plan DRAFT - March 18, 2010 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 7 of 169 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 8 of 169 City Center Community Plan 1 Table of Contents 1. Introduction .................................................................................................. 1 Context........................................................................................................... 1 City of Renton Comprehensive Plan ......................................................................... 2 Community Planning ................................................................................................. 2 Framework Plan ............................................................................................. 4 Study Area ..................................................................................................... 4 Regional Employment Center ................................................................................... 5 Regional Commercial Cluster.................................................................................... 5 Downtown .................................................................................................................. 5 Residential Neighborhoods ....................................................................................... 5 North Mixed-Use Area ............................................................................................... 6 2. Public Outreach and Participation .............................................................. 7 Phase 1 .......................................................................................................... 7 Neighborhood Meetings ............................................................................................ 7 Business Stakeholders .............................................................................................. 8 Summary of Initial Phase of Public Participation....................................................... 8 Phase 2 ........................................................................................................ 10 Public Open Houses ................................................................................................ 10 Results of City Center Vision Priority Dot Exercise ................................................. 11 Summary of Public Participation ................................................................... 12 3. Vision .......................................................................................................... 17 4. City Center Framework Plan Elements ..................................................... 21 Economic and Community Development ...................................................... 22 Transportation .............................................................................................. 32 Parks, Open Space, and Recreation ............................................................ 43 5. Action Strategy ........................................................................................... 47 Implementation Phasing ............................................................................... 48 Transportation Plan ...................................................................................... 49 Focus on Downtown and Neighborhoods ..................................................... 50 Conclusion ................................................................................................... 51 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 9 of 169 2 City of Renton Acknowledgements City of Renton Community & Economic Development MAKERS architecture, planning, urban design 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 10 of 169 City Center Community Plan 1 1. Introduction Renton‟s City Center has been designated a Regional Growth Center and is therefore expected to experience considerable growth and change in the next 20 years. This Community Plan is intended to help shape and direct that growth in a way that reflects the vision and desires of the people who live, work, learn, and play in City Center, while acknowledging the role City Center plays in the City as a whole, as well as the entire Puget Sound Region. Context The City of Renton is located in the Puget Sound Region of Washington State and is positioned at the southern end of Lake Washington. It is the 11th most populous city in Washington state, and the fifth most populous in King County. As of 2009, the population of the entire City was approximately 83,650 people. As a rapidly growing city, Renton is required by the Washington State Growth Management Act of 1990 (GMA) to create a citywide Comprehensive Plan. The City Center is a designated Regional Growth Center and is identified as such by the Puget Sound Regional Council (PSRC) in their February 2008 Vision 2040 report. According to the PSRC, Regional Growth Centers are a type of Urban Center that consist of areas of higher-intensity development and contain a mix of land uses and services. Regional Growth Centers also receive priority for major regional investments for transportation and other infrastructure. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 11 of 169 2 City of Renton City of Renton Comprehensive Plan The Comprehensive Plan provides policy guidance for the growth and the development of the City as a whole based on a community vision. The City of Renton Comprehensive Plan (Comprehensive Plan) is in compliance with the Growth Management Act (GMA). The GMA requires that Comprehensive Plans include policy direction for land use, housing, capital facilities, utilities, and transportation. The Comprehensive Plan incorporates statewide planning goals, including provisions that discourage urban sprawl, support affordable housing, protect the environment, and support provision of adequate urban services. The Plan is designed to accommodate 20 year growth forecasts, determined by regional agencies and local jurisdictions. Regional or countywide planning has defined “urban centers” in locations where concentrations of people and uses that can be served by transit are desirable. Community Planning The City‟s 2008 Comprehensive Plan laid out a community planning process to establish a vision for each geographical subarea within the City. The City‟s goal is to include all of the neighborhoods of the City in a Community Plan. The purpose of community planning in the City of Renton is to improve the livability of Renton‟s neighborhoods, to preserve unique identity and create community character, to prioritize the provision of City services and investment in infrastructure, and to provide the public with the opportunity to participate in shaping the future of their community. Working with businesses, residents, and other stakeholders, the City will develop Community Plans that address local issues that are more specific than what is included in the Comprehensive Plan and work to enhance that which the community values. All Community Plans will anticipate and accommodate future growth and must be consistent with the overall Comprehensive Plan and the Washington State Growth Management Act. Community Plans will strive to incorporate other planning initiatives, such as the Trails and Bicycle Master Plan, Museum Master Plan, and transportation planning efforts. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 12 of 169 City Center Community Plan 3 The Community Planning Areas Map (shown below) has been adopted to show ten Community Planning Areas in the City of Renton and its Potential Annexation Area. While the City Center is just one of ten Community Planning Areas within the City, the City began the community planning effort with City Center, in part, because of its important role as a Regional Growth Center, both within the City and the entire region. Another reason the planning effort began with the City Center is because the area plays a unique and important role within the City. The area has regional employers, regional commercial businesses, regional parks that provide recreational opportunities, natural features that provide open space, and civic events, all of which serve as a magnet that draws people to the City Center. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 13 of 169 4 City of Renton Framework Plan This “Framework Plan” is the first step in developing a full Community Plan that achieves the ultimate goals of making City Center more livable and economically viable while accepting the necessary growth associated with the designation as a Regional Growth Center. The Framework Plan “frames” upcoming work by identifying issues, establishing a community vision, and identifying the next steps needed to achieve that vision. It is anticipated that many of these next steps will require further analysis and planning to make specific public improvement and program recommendations or establish regulatory measures. The City has been working with residents, business leaders, employees, and property owners to understand their needs and desires to improve City Center. The City has held a number of public meetings to solicit input on the Community Plan. The Framework Plan is intended to put forth the vision, goals, and objectives for City activities in City Center and then the second phase will establish key strategies to ensure the plan is implemented. Study Area The City Center is comprised of very diverse activities and land uses ranging from airport industrial uses and retail districts to single-family neighborhoods. The City Center has numerous public facilities such as parks, trails, and public art; a list detailing these public amenities is included as an appendix. In many ways, it is representative of the land uses of the entire Puget Sound Region in microcosm. In 2009, the total population for City Center was approximately 7,035. In general, City Center‟s boundaries are Lake Washington to the North, I-405 to the south and east, and Lind Avenue SW and Rainier Avenue to the west. For a more detailed boundary, see the map to the left. The City Center is made up of five areas: Regional Employment Center, Regional Retail Cluster, Downtown, Residential Neighborhoods, and the North Mixed-Use Area. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 14 of 169 City Center Community Plan 5 Regional Employment Center The Regional Employment Center consists of employers who provide jobs for the region, not just for the City, and provide services and goods in and outside of the City. The Boeing Company makes up a large portion of this section of City Center. Paccar and the Renton Municipal Airport are also located in this area. Regional Commercial Cluster The Regional Commercial Cluster is located primarily in the southern portion of City Center and serves as a regional retail hub, serving Renton and surrounding cities. This area consists of auto dealerships and other large-scale retail that consumers are generally willing to drive longer distances to reach. Offices and hotels also exist in the cluster. Downtown Downtown Renton is located in the heart of City Center. It consists of a traditional retail “main street” on S 3rd Street with restaurants and shops and a number of multifamily residential developments. S 3rd Street is also designated as State Route 900. The Metro Transit Center, located at S 2nd Street and Burnett Avenue S, provides regional bus connections for City Center and the City as a whole. The Events Center and Piazza Park border the Transit Center and offer a unique gathering space in the heart of Downtown. Residential Neighborhoods City Center contains four residential neighborhoods. Monterey Terrace and Renton Hill are separated from the rest of City Center by I-405 and are therefore not as connected to the activities of City Center, yet they are reliant upon it for goods, services, and transportation. These two neighborhoods consist primarily of single-family homes. The North Renton Neighborhood, located just north of Downtown, and the South Renton Neighborhood, located just south of Downtown, are two intact residential neighborhoods that are located in the heart of City Center. These two neighborhoods consist primarily of single- family homes with multifamily residential buildings interspersed. Residents in the North and South Renton Neighborhoods are well organized and were engaged in this planning process. The Boeing Company is one of the large properties that make up the “Regional Employment Center.” Downtown. Residential neighborhoods. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 15 of 169 6 City of Renton North Mixed-Use Area Much of this area is a large, newer development called The Landing that consists of large and small-scale retail, small scale retail, and multifamily housing. The Landing has become an entertainment destination for people within City Center and within the City as a whole because of its variety of restaurants and movie theater. The area between The Landing and Lake Washington is also expected to develop as a large scale project. Public Amenities The City Center is an area rich with public parks, art, and facilities. Parks like Gene Coulon Memorial Park and the Piazza Park draw visitors from around the region. There are many other parks in the area including the City‟s Skate Park. City Center also contains some of the most iconic public art in the City, such as the statue “Interface” in Gene Coulon Memorial Park. Additionally, the area is home to the Main Library, The Renton History Museum, and City Hall. A complete list of the public amenities within the City Center can be found in Appendix B. The Landing. The Landing. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 16 of 169 City Center Community Plan 7 2. Public Outreach and Participation As part of the community planning process laid out in the City‟s Comprehensive Plan, this Framework Plan is based on the feedback received from community business leaders, residents, and other stakeholders who were engaged throughout the process. The public outreach and participation process were split into two key phases, as described below. Phase 1 Neighborhood Meetings The City solicited feedback from community residents at two different community meetings. The first opportunity to solicit feedback was at the North Renton Community Picnic at Jones Park on July 29, 2009 and the second opportunity was on August 12, 2009 at the Piazza. At both meetings, the City set up a booth where community members could chat with City staff and consultants about what they like and don‟t like about their neighborhood and City Center as a whole. Participants were asked the following questions: What do you like about your neighborhood? What would you like to see changed about your neighborhood? What do you like about City Center? What would you like to see changed about City Center? North Renton Community Picnic – July 29, 2009 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 17 of 169 8 City of Renton As residents gave responses, the consultants wrote their responses down and drew quick sketches representing the concept. These diagrams and ideas were then put on display for all community members to see and comment. After the meetings were over, all of the comments were recorded and summarized. For detailed results of these meetings, please see Appendix A. Business Stakeholders The City also solicited information from the City Center business community and property owners in two meetings, one held on September 2, 2009 and the other held on September 18, 2009. These meetings consisted of a brief introduction and overview presentation of the City Center Community Plan and were followed by a roundtable discussion of the business community‟s concerns and vision for City Center. The detailed results of these meetings can be seen in Appendix A. Summary of Initial Phase of Public Participation 1. The City Center has many strengths and assets Regional employment base that any emerging city would envy An active Downtown Viable neighborhoods (people really like living in the neighborhoods) A broad spectrum of retail activities appealing to a regional, city- wide and local base Several (hidden) attractions – Cedar River, Coulon Park, Piazza Public art investments by the City and other community groups 2. There are issues and opportunities that should be addressed Create a better identity for City Center Improve connections and circulation between the different activity centers in the City Center (e.g. The Landing, Downtown) Protect the neighborhoods from intrusive development Upgrade both real and perceived security, safety, maintenance and environmental quality problems in the neighborhoods and Downtown Increase the “energy” in the Downtown business community Improve regional transportation connections to support the employment base and regional retail activities The City Center‟s most people friendly places and attractions are hidden in the center of the area without visible and direct access to highways. “Renton‟s City Center is a well kept secret.” Results and pictures from neighborhood meetings. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 18 of 169 City Center Community Plan 9 3. Improvement ideas and suggestions Keep through-traffic out of Downtown Determine a preferred route for Bus Rapid Transit (BRT) and light rail service Continue to implement the pedestrian and bicycle plans Create gateways at key entry points into City Center Re-evaluate the value/necessity of the one-way street system Coordinate and consolidate regional retail activities in the south end of City Center Support The Landing‟s development and better connect to other parts of the city Explore options for creating a multi-modal spine on Park Avenue with streetscape improvements Make a special effort to improve the identity and perception of the City Center, especially regarding safety in the Downtown “Naturalize” the Cedar River and improve access to “leverage” this key asset Improve and use the BNSF right-of-way In the long term, connect the river and Coulon Park with a shoreline trail Adjust zoning to reflect existing single family nature of the neighborhoods Undertake a neighborhood improvement program to address issues such as safety, security, property maintenance, local services, pea patch, etc. Establish (or strengthen) a Downtown business improvement group Summary Build on the strengths of the employment and regional retail base Give high priority to circulation and connection improvements as they are necessary to support most of the other actions Continue to work on the City Center‟s identity and visibility Assist neighborhoods and the Downtown with a broad sp ectrum of support and self-help programs to address security, housing preservation, neighborhood services, compatibility of new development, etc. Adjust zoning to support single-family neighborhoods Plan for near and long-term opportunities such as transit system development, railroad ROW disposition, potential large-scale changes in land use, etc. Results and pictures from neighborhood meetings. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 19 of 169 10 City of Renton Phase 2 Public Open Houses On October 17, 2009 the City held a public open house at Renton High School. The City also offered a second opportunity for public input on the evening of November 12, 2009 at the Renton History Museum. Valuable input was received at both meetings. Based on the feedback from the earlier community and business meetings, the City and consultant team put together a series of proposals for City Center, broken into four key categories: transportation, economic and community development, neighborhoods, and parks and green space. These proposals were portrayed on a series of maps and participants were able to rank the proposals on individual comment forms. An overall vision map was also on display and participants were able to rank their top priorities with a dot exercise (see the following pages). In general, participants were supportive of the proposals portrayed on the maps during the two open houses. Detailed results from these Open Houses are incorporated into the Framework Plan Elements and can be seen in Appendix A. Community members evaluate alternatives at the October 17 Open House. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 20 of 169 City Center Community Plan 11 Results of City Center Vision Priority Dot Exercise Support the Regional Employment Center by improving regional transportation access, providing for employees‟ needs, and providing necessary utilities Enhance the Regional Retail Cluster Continue to enhance Downtown Provide additional space for small-scale, local retail Retain single-family character of residential areas Integrate North Mixed-Use Area Initiate a City-sponsored traffic calming program and improve safety (and perception of safety) Enhance gateways entering City Center, improve visibility of Downtown, and implement a wayfinding system Create a node to focus civic facilities, enhance identity, and connect City Center Pursue possibility of future water taxi Connect City Center with pedestrian, bike, transit, and streetscape improvements on Park Avenue N Focus arterial traffic on Logan Work with WSDOT to direct regional through-traffic to I- 405 Consider potential route for future BRT/LRT line Consider future streetcar line Proposed Trail (including long term goal of connecting Coulon Park to Cedar River and connecting the Cedar River Trail to Green River Trail) Preserve train tracks as rail and trail corridor In the long term, enhance natural environment on the shoreline of Lake Washington and the Cedar River 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 21 of 169 12 City of Renton Summary of Public Participation Based on what was heard at the public meetings, there are eight key findings with associated goals for City Center. The goals will help guide the framework plan. 1. The best parts of City Center are hidden. Many people that do not live or work in City Center are not aware of the many amenities that City Center has to offer. City Center and Downtown are not visible and identifiable from the regional transportation corridors, such as I-405, that surround City Center so many people are not even aware that it exists. In addition, City Center struggles with negative perception issues such as crime. The distinct districts within City Center do not form a cohesive identity, therefore City Center does not have a clear identity to which people can relate. Goal 1: Improve the visibility of City Center and Downtown, improve the perception of City Center, and create a distinctive identity. 2. City Center has a diverse economic base and provides a good environment for small and large businesses. Participants in the business stakeholder meetings agreed that the City of Renton, and City Center in particular, is a great place to do business. Stakeholders also discussed a number of things the City could work on to continue to improve the business environment for both employers and employees, including transportation improvements, creating a clear vision and identity for City Center, and improving safety and the perception of safety. Goal 2: Continue to support Renton‟s diverse economic sectors. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 22 of 169 City Center Community Plan 13 3. Downtown has the potential to be a much more vibrant civic center, but the City’s existing civic amenities must be more visible and accessible. In particular, the Library, the Renton History Museum, the Cedar River and Cedar River Trails, and Liberty Park are all located in close proximity to each other and could form a cohesive civic activity node if accessibility and visibility of these amenities were improved. Goal 3: Improve access and visibility at this important concentration of civic activities including Liberty Park, the Library, the Renton History Museum, and Cedar River to create a dynamic civic node in Downtown. 4. City Center residential neighborhoods are strong and cohesive. The residential neighborhoods located in City Center, including South Renton, North Renton, Renton Hill, and Monterey Terrace, are strong residential neighborhoods whose citizens are well-informed and involved in community activities. Residents value their homes and their location within City Center and are energized about improving City Center. These neighborhoods have a connectedness to local businesses and provide important support for economic development within City Center. Goal 4: Protect and enhance the residential neighborhoods in City Center. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 23 of 169 14 City of Renton 5. City Center serves as a regional employment and retail base and has a central location, but can be difficult to access due to traffic and connectivity issues. City Center plays an important role in terms of regional employment and retail, but it can be difficult to reach. Transit improvements and improvements to I-405 interchanges would greatly improve access and connectivity for City Center. Focusing through-traffic on I-405 and arterials will also help reduce traffic congestion on streets in the heart of City Center. Goal 5: Provide better regional transportation connections for a range of transportation modes to improve access to and from City Center. 6. City Center has a number of distinct activity centers and attractions, but they are not well connected. It is difficult to get from Lake Washington to South Renton Neighborhood by car, transit, or foot. City Center consists of distinct destination areas including Boeing, Lake Washington, The Landing, North Renton neighborhood, Downtown, South Renton neighborhood, and the regional retail area at the southern end of City Center. Throughout the public participation process, participants mentioned that the City Center needs to be better connected especially from The Landing to Downtown or from the North Renton to South Renton neighborhoods. Currently, the existing street grid can be confusing for people who are not familiar with the one-way streets and the complex intersections. It is critical that improvements be made not only for vehicular traffic, but for pedestrians, cyclists, and transit. This includes improving pedestrian connections between key areas within City Center, improving pedestrian safety on sidewalks and at intersections, and improving the pedestrian environment to make walking an appealing mode of transportation in City Center. Goal 6: Provide better internal connections between areas within City Center, especially Coulon Park/Lake Washington, The Landing, North Renton neighborhood, Downtown, and the South Renton neighborhood. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 24 of 169 City Center Community Plan 15 7. City Center is adjacent to several regional trails, but they are not well connected in City Center. City Center lies at the crossroads of the Green River, Cedar River, Interurban, and Lake-to Sound-Trails, all of which extend for miles throughout the region. The necessary connections through City Center, however, have not been made. Connecting these trails would make the City Center a prominent (if not primary) hub of the region‟s trail system and could attract millions of trail users annually. This, in turn, could substantially enhance the City Center‟s identity and have a positive impact on economic development. The City has completed a great deal of planning work to layout future connections including the Lake-to-Sound Trail Feasibility Study and the City‟s Trails and Bicycle Master Plan. The City should continue to work to implement those plans. Goal 7: Connect regional trails in City Center and build on these key connections as an economic development strategy. 8. City Center’s natural features and open space make it a unique place to live, work, learn, and play. The Lake Washington shoreline and the Cedar River provide City Center with excellent natural amenities that many public participants mentioned as being very important to the quality of life in City Center. In particular, people mentioned the need to improve the natural habitat and environment of these areas. Existing parks and open spaces also provide natural features within City Center. Goal 8: Protect and enhance the natural features and open space in City Center and improve public access to and connections between the Lake Washington shoreline, the Cedar River, and the variety of parks and open spaces throughout City Center. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 25 of 169 16 City of Renton 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 26 of 169 City Center Community Plan 17 3. Vision The vision for City Center fits within the larger Citywide vision which is: “Renton – The center of opportunity in the Puget Sound Region where families and businesses thrive.” In the City of Renton, urban living provides both choice and balanced opportunities for residents; employment and housing, recreation and religion, goods and services, all available in the community. Based on the feedback received from the public during the development of this framework plan and the goals and policies set forth in the Comprehensive Plan, the vision for City Center is: “Renton‟s City Center: To Live, To Work, To Enjoy” In the year 2030, the City Center is a cohesive, identifiable urban center where people live, work, learn, and play. The City Center is the focal point of the City, with the City of Renton as a regional center in the triangle of cities on Lake Washington: Seattle, Bellevue, and Renton. Large businesses help Renton retain its identity as one of the region‟s most important employment centers and smaller businesses continue to add the innovation and diversity necessary for a vital economy. City Center‟s piazza. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 27 of 169 18 City of Renton City Center features a broad spectrum of retail businesses. The regional retail cluster continues to attract shoppers from around the region, but has improved visibility from major arterials and is better connected to the rest of City Center. Downtown caters to both City Center residents for their every-day needs and to the larger city/regional population for specialty and entertainment services. The North Mixed-Use Area has expanded to the waterfront and offers both large scale stores and smaller “lifestyle” oriented services. City Center‟s central location, easy access, and amenities have attracted a growing residential population. Residents enjoy a wide range of housing opportunities from solid, historic single family neighborhoods to new condos offering lakefront views and an active urban lifestyle. The older neighborhoods in particular, with their quiet streets and well kept houses, are attractive to young families and include schools and parks facilities for children. In terms of transportation, “All modes lead to City Center Renton”. Building on the early successes of the late 20th century transit center, City Center is linked to the rest of the region with high capacity transit. It is also a hub in the region‟s bicycle trail network. City Center is characterized by five distinct areas that are well connected by transit and a street network that includes pedestrian and bike connections. As for internal circulation, the Park Avenue N spine provides a cohesive, attractive link for pedestrians, transit, and local traffic from South Renton to Lake Washington and Coulon Park. Parks and natural areas figure prominently in the City Center. Cutting diagonally across the Center, the Cedar River Trail, with a naturalized shoreline, ample open space, attractive promenade, and appropriate commercial amenities provides a backbone of green infrastructure. A new constellation of civic facilities and open spaces in the Library/Liberty Park/Main Avenuenue vicinity now comprise the city‟s civic and cultural heart, and trail connections further link local parks and amenities into an integrated network. In short, Renton can boast that more than any other city of its size, its City Center has it all. Another, more action oriented way to state this vision is through the goals presented below, which are the result of this plan‟s public participation activities. Broad spectrum of businesses. Growing residential population. Regional employment center. Multimodal transportation. Parks and natural areas. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 28 of 169 City Center Community Plan 19 City Center Goals Goal 1: Improve the visibility of City Center and Downtown, improve the perception of City Center, and create a distinct identity. Goal 2: Continue to support Renton‟s diverse economic sectors. Goal 3: Improve access and visibility of the concentration of civic activities including Liberty Park, the Library, the Renton History Museum, and Cedar River to create a dynamic civic node in Downtown. Goal 4: Protect and enhance the residential neighborhoods in City Center. Goal 5: Provide better regional transportation connections for a range of transportation modes to improve access to and from City Center. Goal 6: Provide better connections between areas within City Center, especially between Coulon Park/Lake Washington, The Landing, North Renton neighborhood, Downtown, and the South Renton neighborhood. Goal 7: Provide multiuse connections to regional trails in City Center and build on these key connections as an economic development strategy. Goal 8: Protect and enhance the natural features and open space in City Center and improve public access to and connections between Lake Washington shoreline, the Cedar River, and the variety of parks and open spaces throughout City Center. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 29 of 169 20 City of Renton 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 30 of 169 City Center Community Plan 21 4. City Center Framework Plan Elements This plan sets the framework for actions to be taken by the City to achieve the vision for City Center over the next 20 years. This framework plan will then be followed up with an implementation strategy that will provide more details on how the City will make things happen. The Framework Plan is separated into three main categories:  Economic and Community Development  Transportation  Parks, Open Space, and Recreation Each category has a number of goals and occasionally sub-goals, which were established through the public participation visioning process. Each goal is then followed by a series of policies that will help the City frame implementation strategies to achieve that goal. Lake Washington from Gene Coulon Memorial Beach Park 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 31 of 169 22 City of Renton Economic and Community Development Goal 1: Improve the visibility of City Center and Downtown, improve the perception of City Center, and create a distinct identity. Sub-Goal: Improve visibility and create a distinct identity: 1.1 Provide more attractive entries into City Center with signage and gateway features and improve the visibility of City Center. Gateway signs or features would help signify when people are entering or leaving City Center so they can begin to identify City Center as a distinct place. The gateways can be features such as distinctive landscaping, artwork, or lighting or signage or a combination thereof. The gateway features should be coordinated with the Downtown wayfinding program (discussed in 1.3) to ensure a consistent and less cluttered approach. Bronson Way and Rainier Avenue/ Grady Way are key entries into Downtown that would benefit from some special gateway and streetscape treatments. Currently, Downtown and City Center are not visible or identifiable from the major regional corridors that surround City Center or from Lake Washington. City Center could be made more visible from outside City Center by incorporating gateway features and wayfinding onto the regional corridors or by incorporating distinct architectural features into new development that are visible from outside City Center. 1.2 Build on the City‟s existing wayfinding system for Downtown and extend it throughout City Center. The City of Renton already has a wayfinding program designed and partially implemented for Downtown Renton. This program could be expanded to include the other areas of City Center. The signs and maps could differ slightly in color or design depending on which area of City Center they are in, but the overall theme and design should be consistent to tie the whole City Center together. This gateway for the Cedar River Trail is an example of combining landscaping and signage. Downtown‟s existing wayfinding system. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 32 of 169 City Center Community Plan 23 1.3 Build off the forthcoming recommendations from the Arts and Culture Master Plan to expand the presence of art, art activities, and art facilities in the City Center, as well as, to help create a distinct identity for City Center. Art can be incorporated into the gateway and wayfinding features discussed above. New development should be encouraged to incorporate local artwork in plazas, on blank walls, and along the street. 1.4 Preserve and maintain important historic features in the City Center to enhance the identity of City Center. The city center has important historic features, both land forms and buildings which are important to the quality and character of City Center and the city as a whole. These features should be preserved, maintained, and enhanced as new growth occurs. In addition, opportunities to coordinate with the Museum Master Plan should be pursued. Sub-Goal: Improve perception of safety: 1.5 Address crime (both real and perceived) issues in Downtown. Work with Downtown business leaders and property owners and the Renton Police Department to come up with targeted strategies to address both real and perceived crime. This strategy could be coordinated with the Business Improvement District discussed in 2.3 below. Some strategies may be targeted police activities while others may be more community-based approaches where business members and residents work together to solve problems. A special emphasis should be placed on the Transit Center and policing strategies should continue to be employed, such as the Police Department‟s Crime Prevention Unit which conducts outreach Business Watch Services to businesses near the Transit Center. Human Services and non-profit organizations should also be engaged to address issues such as homelessness that also impact the perceptions of safety in and around the Transit Center. Other services and programs offered by the Crime Prevention Unit should continue to strengthen and be provided Downtown, such as security surveys, crime prevention training for managers and employees, Crime Prevention Through Environmental Design (CTED) recommendations to property owners, Crime Resistant Multi-Housing consultations, a Bank Watch group, and quarterly Business Watch newsletters. Renton‟s history is an important part of its identity. Safety can be enhanced using Crime Prevention Through Environmental Design (CPTED) measures such as guidelines to “keep eyes on the street.” 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 33 of 169 24 City of Renton 1.6 Institute building improvement incentives in Downtown to address maintenance issues. In order to address building maintenance concerns in Downtown, the City could develop a building improvement program that could provide low-interest loans or grants to improve building facades and other improvements to help initiate reinvestment in Downtown properties. The City should pursue federal and state funds to help fund a program like this. This could also be funded through the Business Improvement District discussed in 2.3 below. The City should also pursue public/private partnerships to include public art in new and remodeled developments. 1.7 Strengthen community policing and neighborhood crime watch programs to improve the overall safety (and perception of safety) in the neighborhoods and City Center as a whole. Similar to the strategies for Downtown, the City should continue to work with community groups, business owners, and property owners and the Police Department to come up with a targeted strategy for improving safety. The Police Department is currently working with the North and South Renton Neighborhood associations on the block watch program. The Police Department should continue to strengthen this program and should continue to foster their relationship with community members. 1.8 Improve pedestrian-scaled lighting on streets and trails in City Center. In order to improve safety for pedestrians throughout City Center, the City needs to invest in pedestrian-scaled lighting on streets and trails. The lights should be attractive, distinctive, and consistent throughout City Center to help with wayfinding to identify key pedestrian routes to connect various parts of City Center. Lighting for trails, such as the Cedar River Trail, can have a different style of light than those lights on streets and sidewalks. Neighborhood meeting participants stressed the desirability of pedestrian lights, especially on riverfront trails. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 34 of 169 City Center Community Plan 25 Goal 2: Continue to support Renton’s diverse economic sectors. 2.1 Support the regional employment center and foster economic vitality by improving regional transportation access, serving employees‟ and employers‟ needs, and providing necessary utilities and infrastructure. Continue to work with business leaders, property owners, employers, and employees to better understand their needs and concerns. Continue economic development efforts, including business retention, expansion, and recruitment strategies to ensure a dynamic, diversified employment base. Obtain long-term and sustainable funding for Renton Small Business Development Center. 2.2 Enhance the regional retail cluster by: Improving identity, appearance, and circulation, Consolidating and coordinating uses, Enhancing and coordinating auto dealerships with more consistent signage and landscaping, and Exploring coordinated marketing and signage standards Consider developing design guidelines or standards specific to this area that would address many of these issues. While the guidelines or standards would only apply to new development or redevelopment, the City could provide incentives to businesses to incorporate some of the elements right away. Consider adopting a sunset clause for non-conforming signs and edge/screening/landscaping treatments. 2.3 Create a Business Improvement District (BID) in Downtown to organize and fund joint marketing, joint parking strategies, property improvements, community events, and streetscape improvements. Work with business leaders, property owners, and the Renton Chamber of Commerce to establish the BID and to establish goals and priorities. Joint marketing could include communication tools such as a Downtown Business internet presence including a website, email groups, and possibly social networking sites. The Landing‟s signs, landscaping, and building facades illustrate the way to create a positive identity. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 35 of 169 26 City of Renton 2.4 Better utilize the Events Center and the Piazza The City should coordinate with the company that manages the Event Center to encourage more events that are open to the public and to ensure it is being used on a more regular basis. Events that occur in the Piazza, such as the Renton Farmer‟s Market and Holiday Tree Lighting, are tremendous assets that should continue to be strongly supported. 2.5 Enhance and provide space for small-scale, mixed-use, local retail on Park Avenue North connecting The Landing to Downtown. Consider changing the zoning along Park Avenue N from Bronson Way N to N 6th Street to allow small-scale, mixed- use buildings. Establish appropriate height limits and Floor Area Ratio (FAR)/density standards for mixed-use and commercial buildings that are appropriate with the surrounding single family neighborhood. Consider adopting specific (or updating existing) design standards to ensure consistent and complimentary neighborhood-scale development. 2.6 Create a greenway/promenade between the Cedar River and N 1st Street and consider phasing in small scale retail north of N 1st Street. The City should complete a conceptual plan for this area that would include a long-term strategy for purchasing the properties as they become available over time between the Cedar River and N 1st Street to create a public greenway/promenade. In the long term, consider the feasibility of allowing zoning changes to the properties north of N 1st Street to allow for small-scale retail and concessions as well as design standards to ensure that potential new retail develops in a manner that is compatible with the surrounding single-family neighborhood. 2.7 Integrate and coalesce the North Mixed-Use Area (including The Landing) to ensure it develops into a cohesive, connected area. Continue to implement and enforce existing design standards and guidelines. Perform an audit on existing guidelines to identify areas that should be updated to improve the North Mixed-Use Area. The Events Center is a key resource that could be better utilized. The Landing. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 36 of 169 City Center Community Plan 27 2.8 Continue to support opportunities to create a more vibrant Downtown where people live, work, learn, and play. In order to foster a Downtown that is vibrant, new opportu- nities that attract people and businesses to the City Center should be sought after, and existing opportunities should be supported. Events such as the Renton Farmer‟s Market and Holiday Tree Lighting, and IKEA Renton River Days are tremendous assets that should continue to be strongly supported. 2.9 Pursue opportunities for a new City Hall. If and when City staffing levels grow beyond the capacity of the existing City Hall, pursue opportunities to locate a new City Hall in a central location that would be more accessible by foot, bicycle, and transit, and would contribute to a more vibrant City Center. Goal 3: Improve access, circulation, and visibility of the con - centration of civic activities including Liberty Park, the KCLS Main Renton Library, the Renton History Museum, and Cedar River to create a dynamic civic activity node in Downtown. 3.1 Coordinate Liberty Park, the KCLS Main Renton Library, the Renton History Museum, and the Cedar River as a key activity node for City Center. The node should highlight and make visible this concentration of civic activities and emphasize that this is a critical crossroads connecting north and south City Center. Build on the wayfinding program discussed in 1.3 above to direct people to the civic activities in this node. Consider using landscaping, water features, or artwork to highlight the entries to the civic activities. Coordinate with the transportation improvements discussed in 6.5 – 6.7 below to improve access and circulation for pedestrians, bicyclists, and vehicles to this node. 3.2 Ensure that the KCLS Main Renton Library building remains in public use even if the Main Library relocates in the future. Work with the King County Library System to better understand the long term plans for the Main Library. If there is a plan to relocate the Library in the future, the City should pursue other opportunities for this unique building that would keep it in public use to continue to be a civic amenity in Downtown. Renton KCLS Main Renton Public Library. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 37 of 169 28 City of Renton 3.3 Implement the Tri-Park Master Plan. Unify Liberty Park, Cedar River Park, and the NARCO Property area with better circulation, wayfinding, and coordinated amenities. Coordinate the implementation of the Tri-Park Master Plan with the improvements to the civic node discussed in 3.1 above and the transportation improvements discussed in 6.5-6.7. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 38 of 169 City Center Community Plan 29 Goal 4: Protect and enhance the residential neighborhoods in City Center. 4.1 Implement a property maintenance ordinance to ensure the housing stock is maintained and codes are enforced in residential areas. The City could work with landlords and other property owners to develop incentives for housing stock improvement. Some options for the City to consider include self-help toolkits that lay out „how-to‟ guides for how to improve energy efficiency, how to hire a contractor, how to apply for a building/electrical/plumbing permit, etc. Another option is to consider a low-interest loan program to help initiate building improvements. The City should also consider including single-family home rentals in the nuisance ordinance to ensure landlords are enforcing lease agreements and maintaining their properties. 4.2 Consider rezoning the intact, single-family area of the South Renton neighborhood to single-family zoning to ensure the single-family neighborhood remains intact. Rezoning this area to single-family zoning may help spur reinvestment in this area by removing some of the uncertainty single-family homeowners may have based on potential development that could occur in their neighborhood. It may also remove any land or property speculation that may be occurring. 4.3 Establish measures (such as setbacks, buffers, landscape screening, and height restrictions) to protect edges of single-family areas from adjacent development. These measures can be incorporated into existing design standards or new design standards/guidelines can be developed to address the transition areas between commercial and multi-family development and single-family residential areas. 4.4 Implement the City‟s Urban Forestry Plan and initiate a street tree planting program in the residential neighborhoods to increase canopy cover, improve the streetscapes, and promote community building. Work with community groups to establish goals and priorities for a street tree planting program. The City could coordinate with local non-profit organizations or local nurseries to secure appropriate trees for distribution. The Regulations should be established to protect adjacent residences from the impacts of new development. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 39 of 169 30 City of Renton City should establish street tree planting guidelines and training for community groups. 4.5 Increase neighborhood amenities, including neighborhood gardens, green spaces, public art, and family services. Perform a needs assessment in each neighborhood and compare the available amenities to those amenities in other communities. Work with community members to identify and prioritize the needs and desires of the neighborhood and develop strategies to provide them. 4.6 Initiate a City sponsored traffic calming program on residential streets and improve residential streetscapes with landscaping, street trees, and sidewalks. Develop a guidebook or toolkit with possible traffic calming techniques for residential streets that the City approves as being safe and effective. Coordinate with public safety officials to ensure the techniques are compatible with providing emergency services. Create a program in which neighborhoods can apply to the City for traffic calming measures. If funding is not available, develop a process and guidelines for property owners at the block or neighborhood level to fund the measures themselves. 4.7 Sign and enforce truck routes to keep trucks off residential streets. Coordinate with Renton Police to ensure truck routes are enforced and that trucks are kept off of residential streets. In addition, design residential streets so that they are not conducive or attractive for trucks. 4.8 Ensure that the City Center is a place for families. Work with the Renton School District to ensure that long range plans address educational facilities within the City Center, especially for elementary school age children. Support uses such as day care centers and consider users of all ages in the development of parks. Examples of traffic-calming techniques. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 40 of 169 City Center Community Plan 31 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 41 of 169 32 City of Renton Transportation Goal 5: Provide better regional transportation connections for a range of transportation modes to improve access to and from City Center. Sub-Goal: Focus through-traffic on arterials and improve freeway interchange connections Focusing through-traffic on I-405 and arterials will help reduce traffic impacts in the heart of City Center. Some of the key actions for the City to pursue to accomplish this goal include: 5.1 Support Washington State Department of Transportation (WSDOT) efforts to encourage all regional through-traffic to I-405 by improving and reconfiguring interchanges and adding capacity to I-405 between SR 167 and NE 44th Street. WSDOT currently has plans to improve a number of key interchanges with I-405 in City Center which will improve access to I-405 and should reduce traffic congestion in City Center. The WSDOT improvements also will add capacity for regional through traffic on I-405. The long-term access to, and circulation within Downtown, depend on these new connections to I-405. Several other circulation improve- ments within City Center cannot be implemented until these new connections are constructed. Therefore, the City should continue to coordinate with WSDOT on these projects to ensure that the best interests of City Center are being pursued. The City also should work with the State Legislature to ensure timely funding for these regional transportation system improvements. 5.2 Designate Logan Avenue as a State Route for sub- regional through traffic within the City Center. The City should continue to study and pursue this strategy in order to remove through traffic from streets that provide access and circulation within the residential and commercial areas of City Center. It will be important for the City to engage Downtown property owners regarding costs and benefits of the possibility of re- routing through-traffic to skirt the City Center if Logan is designated a State Route. The City should also fully imple- ment the wayfinding and signage program (as discussed in 1.1 – 1.3) to ensure that Downtown and other commercial areas are well identified from Logan. Logan Avenue is relatively separated from residential neighborhoods. Its relatively few cross-streets make it a potentially efficient through- traffic route. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 42 of 169 City Center Community Plan 33 5.3 Remove the truck route designation from Park Avenue N. Consider removing the truck route designation from N 6th Street as well. The north part of the City Center is served by several other designated truck routes, including Logan Avenue/Airport Way, N 8th, Houser Way N, and Sunset Blvd. If the City does remove the truck route designation for Park Avenue N and perhaps N 6th Street, then the City‟s official truck route map should be updated and truck routes should be clearly signed by putting up signs that indicate that these streets are no longer designated as truck routes. The City should work with business owners that could potentially be impacted by this change. The City should also work with its police department to encourage the enforcement of these truck routes (as discussed in 4.7). Sub-Goal: Explore transit options and prepare for opportunities as they arise. 5.4 Work with appropriate agencies and departments to identify a preferred route for a future bus rapid transit (BRT) and/or light rail transit (LRT) line that would best serve City Center. Initiate a study to thoroughly analyze a preferred route for BRT, in the short term, and LRT, in the long term, and coordinate with the appropriate transit agencies. Prioritize stops that will reach Downtown and The Landing. Consider a BRT line that would connect to SeaTac Airport as the nearest term option. 5.5 Continue to pursue opportunities for a future water taxi to connect Renton to Lake Washington cities such as Bellevue, Kirkland, Mercer Island, and/or Seattle. Pursue potential funding opportunities, partnerships with other agencies, and/or relationships with private firms that may be interested in providing water taxi service to and from the city. 5.6 Encourage Sound Transit and/or Metro to build and operate a public parking garage in The Landing/Coulon Park vicinity that could be used as a park-and-ride facility for future BRT/LRT and for commercial uses in north City Center. A parking garage at Park Avenue N and N 8th Street is part of the Sound Transit Master Plan and part of WSDOT‟s I- 405 Master Plan. The City should initiate a feasibility study City‟s existing truck routes map. City of Seattle‟s water taxi. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 43 of 169 34 City of Renton to identify the ideal location for the garage based on the location of transit lines, I-405 interchange improvements, and a possible future water taxi. The parking garage could serve as a key transfer facility/transit center. The Puget Sound Energy property near Coulon Park could also be a potential location for a park-and-ride facility if the streetcar, or other transit system, extends to that location and the water taxi locates in that area. 5.7 Take advantage of planned HOV access ramp at N 8th Street to provide access for future BRT and carpools. The City should continue to coordinate with WSDOT, Sound Transit, and King County Metro on this item. 5.8 Provide bike connections to future BRT/LRT stops and to future park and ride lots. Ensure that the City‟s Bike and Trails Master Plan is consistent with future plans for BRT and LRT stops. The City should update the plan and implement necessary bike connections to ensure that biking to regional transit lines is a feasible option in City Center. BRT service can be a substantial asset in terms of economic development, community livability, and transportation efficiency. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 44 of 169 City Center Community Plan 35 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 45 of 169 36 City of Renton Goal 6: Provide better connections between areas within City Center, especially between Coulon Park/Lake Washington, The Landing, North Renton neighborhood, Downtown, and the South Renton neighborhood. Sub-Goal: Establish Park Avenue N as a multi-modal transportation corridor between Coulon Park and Burnett Avenue S. Park Avenue N should serve as a key north/south connection for travel within City Center, providing mobility and circulation for pedestrians, vehicles, and transit to better connect Lake Washington, The Landing, the North Renton neighborhood, Downtown, and South Renton. Consider a variety of funding strategies, such as a Local Improvement District (LID) or a Transportation Benefit District, to help fund systematic improvements instead of incremental improvements, as development occurs. The City could tie the funding strategy to the potential increase in zoning capacity of Park Avenue N (see 2.5). The City should conduct an urban design study for Park Avenue N that combines the potential rezone of this area with new design standards and guidelines (as discussed in 2.5) and a street design study to pursue the following key strategies to implement the vision for Park Avenue N: 6.1 Improve Park Avenue N as a key pedestrian connection between Coulon Park, The Landing, North Renton, Downtown, and South Renton with sidewalks, landscaping, wayfinding, public art, and other amenities. In addition to the change to zoning which would allow for pedestrian-oriented retail along Park Avenue N (as discussed in 2.5), improve the streetscape of Park Avenue N to create a pedestrian-friendly environment that will provide a key pedestrian connection between Downtown and Lake Washington. The City should develop a streetscape design for Park Avenue N that will be consistent from Bronson Way N all the way to Lake Washington. The streetscape design should include wide sidewalks, consistent pedestrian-scaled lighting, street trees, wayfinding signs, and a variety of pedestrian amenities. View of Park Avenue N is a key connection. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 46 of 169 City Center Community Plan 37 6.2 Consider a streetcar line along Park Avenue N connecting Coulon Park, The Landing, Downtown, and the Transit Center. A streetcar would be a permanent transit connection between the Transit Center and Lake Washington. It would provide a clear, visible connection between the areas of City Center that are currently not connected well. This permanent investment in transit could be a significant catalyst for new private development along Park Avenue N and in the City Center as a whole. The City should pursue this concept by initiating a feasibility study to better understand the costs associated with building and running a streetcar. The study could pursue various funding opportunities and look at different ways of operating the line once it is built. A transfer facility or transit center near Park Avenue N and N 8th Street would provide transfer connections from the streetcar to express busses on I-405 via the HOV access and potential BRT/LRT stops. This facility could be in conjunction with the parking garage discussed in 5.6 above or could be a separate, much smaller facility that would not require parking or significant infrastructure investment. 6.3 Extend Park Avenue N north of Logan Avenue N to the waterfront to connect to Southport, future development, potential future water taxi terminal, and Coulon Park. Providing an extension of Park Avenue N to Lake Washington will help complete the linear spine of the City Center. The City should develop a preferred alignment and concept for the new connection and work with property owners and potential developers to ensure that the new connection can be completed with a consistent streetscape to the rest of Park Avenue N. 6.4 Provide connections that allow multiple circulation routes from the Bronson/SR169 area to the Landing vicinity. As envisioned in this framework plan, Park Avenue will be a pedestrian, transit and local vehicle access oriented street. Therefore it is important to provide alternate routes for through traffic not destined for a site within North Renton. It is particularly important that not all traffic from northbound I- 405 and westbound SR 169 travelling to the north be directed along Park Avenue. The planned interchange and frontage roads between SR 169 and Sunset Boulevard will facilitate northbound traffic movement to the Sunset Boulevard interchange. From there, vehicles can travel The South Lake Union Streetcar in Seattle. Continue Park Avenue N to the north to connect to the Southport development. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 47 of 169 38 City of Renton north on Houser or west on N 4th Street. In general, the I- 405 access improvements will reduce congestion in the Bronson/SR169 area which will facilitate local circulation and pedestrian improvements recommended in 2.5, 3.1, 3.3, 5.3, 6.1-3, and 6.8. In the implementation of street improvements serving the new interchange, the City should insure that through traffic is not necessarily funneled onto Park Avenue N and that there are multiple north/south connections. The street grid in North Renton; already features large blocks and so connectivity of the street network should be enhanced rather than reduced. Sub-Goal: Improve connectivity and mobility within City Center. Throughout the public participation process, participants mentioned that the City Center needs to be better connected and it needs to be easier to get from the southern end of City Center to Lake Washington. Currently, the existing street grid can be confusing for people who are not familiar with the one-way streets and the complex intersections. The City should pursue the following opportunities to improve traffic circulation and safe vehicular movement, as well as improve connectivity and safety for bicycles and pedestrians in City Center. 6.5 Evaluate necessity and benefits of the one-way streets within City Center and consider redesigning to two-way streets for better circulation and access. Williams Avenue N and Wells Avenue N: Pursue changing one-way designations on Williams Avenue and Wells Avenue to two-way streets to improve north/south connectivity in City Center. This change could occur in the short term and should not require major infrastructure changes. These streets are both currently designated bicycle routes. If the streets are converted to two-way, the City should consider both north and south bicycle routes on one of the streets instead of maintaining the split route. N 3rd Street and N 4th Street: Pursue changing one-way designations on N 3rd Street and N 4th Street to two-way streets. This change will likely need to be tied to improvements made to the I-405 interchange at Maple Valley Highway (SR 169) and Sunset (SR 900). A reconfigured two-way street system could provide an excellent connection between the I-405 interchanges and the Park Avenue N corridor. See further discussion on this in 6.9 below. Existing one-way streets. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 48 of 169 City Center Community Plan 39 S 2nd Street and S 3rd Street: In the long term, pursue changing one-way designations on S 2nd and S 3rd Street to two-way streets to facilitate vehicular circulation and mobility. This change could impact transit traffic patterns and could be tied to changing the designation of SR 900 from Downtown to Logan Avenue/Airport Way. The City should continue to work with property owners and business leaders on how to best study and evaluate this option. The planned improvements at the I-405 interchanges with the Maple Valley Highway (SR 169) and Sunset Way (SR 900) should also be studied in regard to this potential change. Main Avenue S and Mill Avenue S: The planned WSDOT improvements of I-405 just south of the Cedar River will result in the closure of Houser Way S, which currently serves northbound traffic access to the I- 405/SR 169 interchange. Closure of Houser Way S and modification of the crossings of I-405 via S 3rd Street/ Mill Avenue S and at Renton Avenue S, provides an opportunity to consider two-way traffic on Main Avenue S between Bronson Way S and S 3rd Street. This could improve local circulation within the Downtown area. Based on WSDOT studies, converting Main Avenue S to two-way operation would require property acquisition. The studies showed that the property acquisition could come from the east side of the corridor. Alternatively, Main Avenue S would be maintained as the southbound route, with northbound traffic using Mill Avenue S one block to the east. The later alternative could reduce the potential needs for property acquisition. WSDOT‟s studies show that both options could provide adequate capacity. The City should revisit and update the WSDOT studies and make a decision that could be implemented concurrent or following construction of the changes to I- 405 and closure of Houser Way S. WSDOT‟s analysis for Main Avenue S. One-way street on S 3rd Street. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 49 of 169 40 City of Renton 6.6 Prioritize improvements to vehicular and pedestrian safety, connectivity, and traffic flow at the following key intersections: Airport Way S and Logan Avenue N: Evaluate opportunities to upgrade this intersection to improve traffic safety, pedestrian connectivity, and aesthetically enhance this important gateway to the Downtown. S 2nd Street, Bronson Way N, and Main Avenue S: Evaluate opportunities to upgrade this intersection to improve traffic flow. This intersection improvement needs to be tied to the decision for converting S 2nd Street/S 3rd Street and Main Avenue S/Mill Avenue S to two way operations (see 6.5) SW Langston, SR 900, and Hardie Avenue SW: Create a four-legged intersection by evaluating the possibility of realigning SW Langston. 6.7 Provide wayfinding, gateway features, and directional cues to facilitate the movement between sub-areas and reduce the visual clutter of signs. See 1.1 – 1.3 for details. 6.8 Civic node improvements: Improve streets, intersections, and wayfinding at the key civic node located at Bronson Way N, Park Avenue N, N 1st Street, N Riverside Drive, Houser Way S to enhance multimodal circulation. The City should pursue opportunities to make street and intersection improvements that would improve circulation at this key node, including the intersection at N 1st Street, Park Avenue N, and Bronson Way N. The City should prepare conceptual designs and traffic studies to evaluate closing of N 1st Street and realigning Park Avenue N to intersect Bronson Way at closer to a 90 degree angle. Access to adjacent properties needs to be facilitated. Pedestrian crossings from the park and civic node to Park Avenue N and to the trail along the Cedar River also should be enhanced. All improvements should be coordinated with the improvements to the civic amenities discussed in 3.1 and 3.2. Improvements at this intersection should also be coordinated with the closure of Houser Way S which is part of the I-405 improvements just south of the Cedar River. Airport Way and Logan. S 2nd Street, Branson, and Main intersection. Civic node. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 50 of 169 City Center Community Plan 41 6.9 Consider a „road diet‟ on Rainier Avenue N between the City‟s northern boundary and N Airport Way, which would reduce the right-of-way dedicated to vehicular traffic and provide right-of-way space for an enhanced multi-use path for the Lake Washington Loop Trail. The City should consider a roadway configuration to match the configuration of Rainier Avenue N with the plans to the south and to the north. The new roadway configuration would add a multiuse trail along Rainier Avenue N, improving bicycle connections from the west side of Lake Washington. Coordinate with King County‟s plans and configuration for Rainier to plan for eventual annexation of the West Hill. 6.10 Initiate a City sponsored traffic calming program on residential streets and improve residential streetscapes with landscaping, street trees, and sidewalks. See Policy 4.6 for details. 6.11 Continue to improve the overall safety and connections for bicyclists within City Center. The City should continue to implement the goals and strategies set forth in the City‟s Trails and Bicycle Master Plan and the Lake to Sound Trail Study. See also 7.1 – 7.3. 6.12 Consider the enhancement of S/SW 7th Street between Rainier Avenue S and Talbot Road S with bus access improvements, an improved intersection at Talbot Road S, neighborhood traffic calming, and a separated bicycle trail. King County Metro is considering improvements and route changes involving SW 7th Street to facilitate bus circulation and potentially accommodate a new bus rapid transit (BRT) route. The intersection of S 7th Street and Talbot Road S warrants a signal but is not well configured for one. The City Bicycle Plan identifies S/SW 7th Street as an alignment for a future regional bicycle trail. Finally, S 7th Street is the southern edge of the South Renton neighborhood and the community will want to insure that any improvements to that street enhances the neighborhood edge and does not result in increased traffic or encroachment into the area. Given this spectrum of objectives, there is increasing impetus for a street improvement project. The City should explore opportunities for a multi-objective project, perhaps with intersection and lane improvements with a separated bikeway/greenway on the north side and traffic calming measures that would discourage cut through traffic. Rainier Ave N could benefit from a road diet. S 7th Street between Rainier Avenue S and Talbot Rd S. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 51 of 169 42 City of Renton 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 52 of 169 City Center Community Plan 43 Parks, Open Space, and Recreation Goal 7: Provide multiuse connections to regional recreational trails in City Center and build on these key connections as an economic development strategy. 7.1 Increase bike connections within City Center and to existing recreational facilities, according to the City‟s Trails and Bicycle Master Plan and the Lake-to-Sound Trail Study Build upon the work done in the May 2009 City‟s Trails and Bicycle Master Plan and the February 2009 Lake-to-Sound Trail Study to create coordinated bike connections through- out City Center and to regional trail facilities. A separated trail between the Green River, Cedar River, and East Lake Washington Trails would make Renton‟s City Center the hub of Puget Sound regional trails and bring hundreds of thousands of cyclists through City Center each year. 7.2 As a long-term goal, provide connections between 1) Cedar River and Coulon Park and 2) Cedar River to the Green River Trail 1) Cedar River to Coulon Park. This connection would provide excellent public access to the waterfront as well as provide a key bike and pedestrian connection between the Cedar River Trail and Coulon Park. The City should continue to work and coordinate with The Boeing Company on possible implementation in the future. 2) Cedar River to the Green River Trail (also called the Lake-to-Sound Trail). This connection would connect City Center to a regional trail system that could make City Center a hub for bicyclists and other trail users. The long- term goal should be to have a multiuse trail along the BNSF corridor that would connect the Cedar River Trail to the Green River Trail. This will depend on the future of the BNSF line and continued coordination with BNSF. A feasibility study to design a multiuse route along this route has been completed, and the City should continue its involvement in the design phase. In the short term, bike lanes on local streets could provide connections between the two trails. City‟s existing Trails and Bicycle Master Plan. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 53 of 169 44 City of Renton 7.3 Preserve and maintain the BNSF corridor as a rail and trail corridor that could include a future transit line and a future multiuse trail. In the near term, the rail corridor within the City Center area is needed for use by the Boeing Company. Opportunities to enhance the corridor may be sought, but should not interfere with Boeing‟s usage. Little is known about the long-term future of the BNSF corridor that is north of the City Center, but the City should continue to work with BNSF, King County, the Port of Seattle and rail users to ensure that the corridor is preserved and can eventually be converted into a rail and trail corridor. Goal 8: Protect and enhance the natural features and open space in City Center and improve public access to and connections between the features. The natural features include the Lake Washington shoreline, the Cedar River, and the variety of parks and open spaces throughout City Center. 8.1 As a long term goal, provide a natural shoreline on the Cedar River and Lake Washington shorelines. The City should coordinate with the Shoreline Master Program (SMP) and create a plan for restoring the Cedar River shoreline. The plan should prioritize short-term and long-term actions. Similarly, for the Lake Washington shoreline, the City should coordinate with the shoreline property owners to implement the local SMP to create a plan for restoring the shoreline. 8.2 Improve the Cedar River Trail with additional access trails, lights, public art,and amenities and as a long-term goal, expand the trail to the opposite side of the river. The Cedar River Trail is a very important community amenity, but many participants at the public meetings noted that the trail could be improved to increase the number of people who use the trail and improve the overall safety of the trail. Pedestrian-scaled lights along the trail could help improve safety and increase the number of people who use the trail, especially in the darker winter months. Specifically, improved lighting on trails and other pedestrian areas, such as parking and activity areas, the access road that extends beyond the City Center planning area from Liberty Park to Renton Community Center (RCC), and the pedestrian walkway from RCC to the off-leash dog park, is BNSF corridor. Lake Washington shoreline. Cedar River shoreline and trail. Cedar River trail. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 54 of 169 City Center Community Plan 45 essential to attract legitimate users to these areas. The City should also consider increasing the number of access points to the trail and expanding the trail to the opposite side of the river. As discussed in 2.6, the City should work to create a greenway/promenade between the Cedar River and N 1st Street. 8.3 In the near term, extend Burnett Linear Park north to Houser Way S where there are currently parking lots. Currently, Burnett Linear Park extends from S 6th Street to S 5th Street and provides valuable green space and a small playground for the South Renton community. The City owns the area to the north of S 5th Street which is currently used as a parking lot. The City should evaluate the parking demand in this area and determine if there is enough parking capacity without the existing parking lot. If there is enough parking capacity, the City should convert this area into a linear park, extending Burnett Linear Park north from S 5th Street to Houser Way. If parking capacity is a problem in this area, the City should consider a combination of park space and parking areas. 8.4 In the long term, extend Burnett Linear Park north to the Cedar River with green space and pedestrian amenities. The City should develop a plan to purchase the BNSF property between Burnett Place and Burnett Avenue S and develop and extension of Burnett Linear Park north of S 2nd Street to connect to the Cedar River. Burnett Linear Park currently ends at S 5th Street. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 55 of 169 46 City of Renton 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 56 of 169 City Center Community Plan 47 5. Action Strategy While many of the goals and policies laid out in this framework plan may take longer to implement than the 20-year horizon for this plan and will require additional city resources that currently do not exist, the purpose of this plan is to lay the framework for City actions to create a vibrant City Center. The vision for Renton City Center resulting from public input and City staff work suggests taking the eight framework goals and categorizing them into an implementation strategy consisting of three key elements: Protection and enhancement of the Downtown core and surrounding neighborhoods Linking and integrating the activities and attractions within the City Center Taking advantage of the emerging opportunities related to regional transportation and reconfiguration of major land uses. Within these three elements is a broad spectrum of activities that the City and its partners can initiate. However, transportation is a keystone issue in all of them, either to enhance regional access, to serve local activities or to mitigate congestion and traffic safety impacts. In addition, implementation of the transportation actions, in particular, is complicated because they are often dependent upon the activities of other agencies and organizations such as WSDOT, Sound Transit, major employers and BNSF. View of downtown Renton. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 57 of 169 48 City of Renton The chart below illustrates that a number of plan objectives are dependent on actions by other agencies or entities. A dot in a cell indicates that an objective or action in the left column is dependent or partially dependent upon the action in the top row. For example, the I-405 connections that WSDOT plans to implement will provide freeway access routes that are necessary to support several transit related and street network configuration changes. Some of the circulation options, such as the expansion of Logan Avenue or segments of the trail system, must wait until the reconfiguration of major land uses. Implementation Phasing Partially dependent -  Dependent -  Reconfiguration of Major Land Use I-405 interchange Improvements (WSDOT) BNSF Allows Rail and Trail BRT Design (King County Metro) LRT Design (Sound Transit) 2.1 Support regional employment center     2.7 Integrate North Mixed- Use Area     5.1 Logan designated as State Route 900  5.3 Through traffic on I-405  5.4 BRT/LRT line    5.6 Public parking garage    5.7 HOV access ramp  6.1 – 6.3 Improve Park Avenue N    6.4 One Way Streets N 3rd St and N 4th St  S 2nd St and S 3rd St   7.1 – 7.2 Bike connections   7.3 BNSF as rail and trail  8.1 Natural shoreline  8.5 Landscape buffers  This interdependence of various actions on each other and on actions by other organizations suggests a phasing in the City‟s implementation work plan. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 58 of 169 City Center Community Plan 49 Transportation Plan The City should undertake City Center transportation plans that prepare it to engage other agencies and organizations as they undertake their actions. Such plans may include: Exploration of highway designation and arterial improvement options, including alternative truck routes Evaluation of preferred BRT and LRT routes Discussion of a water taxi and incorporation of existing feasibility studies Parking and access strategies including evaluation of north City Center parking structure options Identification of other transit improvements A conceptual design for Park Avenue, including extension to the north and implications for future land uses along this spine Evaluation of street car options and feasibility Evaluation of internal circulation options including reconfiguration of one-way streets and addressing circulation around the Main/Park/Bronson node Identification of other intersection and roadway improvements Identification of preferred BNSF track configuration Determination of regional and local trail connections and integration with local circulation Implications of future land use changes, especially to redevelopment of large industrial sites Recommendations for pedestrian access and mobility improvements Recommendations on the interface between travel modes – (e.g. between Sound Transit and a streetcar or between bicyclists and King County Metro) Addressing the City Center‟s complex transportation challenges is the keystone of a sound redevelopment strategy. A multi-modal perspective, as already initiated with the Transit Center, is critical. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 59 of 169 50 City of Renton Focus on Downtown and Neighborhoods There is also a cluster of activities to stabilize and enhance the Downtown and surrounding neighborhoods that should be continued or initiated in the short term. As opposed to some of the major actions dealing with larger scale transportation issues, the activities below do not depend so much on other agencies‟ actions. Neighborhood improvement actions and programs including: Neighborhood traffic calming Tree planting Other small-scale street and park improvements Assistance programs for home improvements and establishment of a maintenance ordinance Expanded block watch program Downtown business district improvements Establishment of an LID or BID for physical improvements, parking strategies, security, community events, and marketing programs Crime prevention program to upgrade identity Expand wayfinding program Support the Farmer‟s Market, the arts, Holiday Lights, IKEA Renton River Days, and other events that draw people to City Center Additionally, there are some regulatory actions that the City can take in the short term to encourage positive growth while protecting existing assets. The development regulations, including design guidelines, should be reviewed and updated to ensure that they implement the objectives in this plan. Most notably, the development standards should ensure that new development does not adversely affect the livability of existing neighborhoods and there are areas along Park Avenue N and N 1st Street where mixed-use development should be considered. The rezoning of a portion of the South Renton neighborhood to single family should be considered (see item 4.2) as it is a largely intact single-family area that can provide stability for that part of the City Center. The downtown and neighborhoods represent an important City Center asset. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 60 of 169 City Center Community Plan 51 Conclusion The past two decades have seen dramatic changes in Renton‟s City Center. The City‟s commitment to the Downtown and new growth in other parts of the City Center make it one of the liveliest and well balanced urban centers in south King County. These accomplishments leave Renton poised to address future challenges and opportunities, which promise to be just as dramatic as those of the past 20 years. This framework plan is a modest first step toward a longer effort that will require significant engagement between the City and its partners in the business community and the neighborhoods, among others, which will help Renton achieve its vision. 7b. ‐ Community and Economic Development Department recommends adoption of the final City Center Community Plan following review of the Page 61 of 169 CITY OF RENTON COUNCIL AGENDA BILL Subject/Title: 2010 – 2011 Title IV Docket and Comprehensive Plan Amendments Review Meeting: Regular Council - 05 Apr 2010 Exhibits: Issue Paper Title IV Docket and Comprehensive Plan Amendment Summary Table Submitting Data: Dept/Div/Board: Community and Economic Development Staff Contact: Angie Mathias x6576 Recommended Action: Refer to the Planning and Development Committee and the Planning Commission Fiscal Impact: Expenditure Required: $ $0 Transfer Amendment: $$0 Amount Budgeted: $ $0 Revenue Generated: $$0 Total Project Budget: $ $0 City Share Total Project: $ $0 SUMMARY OF ACTION: Begin the 2010 – 2011 Title IV Docket and Comprehensive Plan Amendments (CPA) review. There is one private CPA application and several City initiated amendments. The private application is a continuation from the 2009 cycle regarding the MLDC and Virtu properties. All 2010 – 2011 Title IV Docket Amendments and 2010 – 2011 Comprehensive Plan Amendments are shown in the attached tables. STAFF RECOMMENDATION: Approve for Planning Commission review and recommendation the 2010 – 2011 Title IV Docket and Comprehensive Plan Amendment proposals as presented. 7c. ‐ Community and Economic Development Department submits the proposed 2010‐2011 Title IV Docket and Comprehensive Plan Page 62 of 169 H:\CED\Planning\Title IV\Docket\2010\2010 Docket and CPA Issue Paper.doc DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT M E M O R A N D U M DATE:April 5, 2010 TO:Don Persson, Council President Members of the Renton City Council VIA:Denis Law, Mayor FROM:Alex Pietsch, Administrator STAFF CONTACT:C. E. “Chip” Vincent, Planning Director (x6588) SUBJECT:2010 – 2011 Title IV Docket and Comprehensive Plan Amendments Review ISSUE: Should the 2010 - 2011 Title IV Docket and Comprehensive Plan Amendments be referred to the Planning & Development Committee and the Planning Commission? RECOMMENDATION: Refer the 2010 – 2011 Title IV Docket and Comprehensive Plan Amendments to the Planning and Development Committee and Planning Commission for review. BACKGROUND SUMMARY: RMC 4-8-070G outlines the types of review the Planning Commission shall conduct. The review of the Comprehensive Plan and Development Regulations (Title IV Docket) processes are both specifically listed. Land Use Regulations review occurs upon Council request. The Planning Commission will make recommendations regarding both the Comprehensive Plan Amendments and Land Use Regulations to the Council. Final recommendation of the Comprehensive Plan Amendments and Title IV Docket will be the authority of the Council. Title IV Development Regulations This process is codified in RMC 4-9-025, Title IV Development Regulation Revision Process. Staff has compiled a series of amendments to Title IV of the Renton Municipal Code (Development Regulations) that includes oversights made in previous Title IV updates, implements administrative determinations, and initiates several new policy/code review projects. The compiled list of amendments includes predominately City staff initiated applications and two privately initiated request as shown in the 2010 Title IV Docket Amendments Table. The amendments have been categorized into ten groups, they include: streamlining the code, submittal requirements, the zoning/use tables, development 7c. ‐ Community and Economic Development Department submits the proposed 2010‐2011 Title IV Docket and Comprehensive Plan Page 63 of 169 Don Persson, Council President Page 2 of 2 April 5, 2010 h:\ced\planning\title iv\docket\2010\2010 docket and cpa issue paper.doc standards, land use processes/site plan review, fees, signs, environmental, map amendments, and general. Additionally, this year the Administrative Code Interpretations will be codified as part of the docket. Comprehensive Plan Amendments The Growth Management Act limits processing of Comprehensive Plan amendments to an annual review cycle. However, some of the work that will need to be done as part of the seven year review process will be initiated in 2010, but will not be adopted and is included in the Table. The public review process will begin at the Planning Commission upon referral of these amendments. The City received one private Comprehensive Plan Amendment request that is a continuation of the Merlino Land Development Corporation and Virtu properties application from the 2009 cycle. There are several City-initiated requests, including map amendments and text amendments, as shown in the 2010 Comprehensive Plan Amendments Table. CONCLUSION: The proposed schedule for review of these Title IV Docket Amendments and Comprehensive Plan Amendments is for the Planning Commission review to occur throughout 2010 and 2011. 7c. ‐ Community and Economic Development Department submits the proposed 2010‐2011 Title IV Docket and Comprehensive Plan Page 64 of 169 DRAFT DRAFT H:\CED\Admin\Work Program\2010\Development Regulations and Comprehensive Plan Amendments.doc Page 1 2010 Title IV Docket Amendments updated 03/17/2010 Items Streamlining Temporary Use Permits - Tier 1 Clarifying criteria to be used to determine Tier 1 type permits. Urban Design Overlay Provide consistency in the way urban design standards are provided throughout the code for guidelines and standards. Streamline zone classifications - Evaluate necessity for all zone classifications: residential, commercial, and industrial. - Review zoning classifications and consolidate where appropriate (eg. UCN (UC-N1 and UC-N2), RC (RC and R1), R-10 and R-14, residential, RM suffix (-U, -T, -F) clean up, CN, Industrial. - Correctly classify commercial and center zones, etc. - Consideration of R-6 zone to recognize land development patterns in annexation areas … Establish design standards for development based on the type of use, rather than geographic district To move away from District A, B, etc. and have design for commercial development, office, industrial, etc. Revise Table of Contents to reflect figure list (#D-27) Identify and make better use of graphics and tables (#D-27) Group information and the associated standards together, in one place, and consolidate notes (#D-27) Remove second set of definitions – put all in one place (#D-27) Develop a Users Guide (eg. How to Submit a SEPA Comment) (#D-27) Submittal Requirements Overall plan sheet set for short/full plats. Move to Submittal Standards Remove Submittal Standards from zoning code Maintain administratively and on web and consider other items in Title IV that can be on web. Add Design Checklist to Submittal Requirements Request a design checklist as part of the submittal requirements if someone is in a design district. Submittal requirements for stream mitigation plans Change submittal requirements to allowed 2 ft contours in 4-8-120C and D, Review table 4-8-120C, including need for PMTs (#D-19). Zoning/Use Tables Review of allowed land uses in the RM zones Compare with CN and R-14 zone allowed uses and appropriate locations of uses. Consider allowing general office and medical office in the CN, rather than an ACUP. Definition of drive in/drive through Define drive through espresso stands as a use. Evaluate which zones may be appropriate for use. Create use to allow small scale research projects to increase knowledge and awareness of the City’s natural resources Church use in non-residential zones Consistent with the level of intensity for other commercial uses. Re-evaluate zone classifications relative to churches and consider which process is appropriate. Development Standards Setbacks for mobile homes To reflect the Directors Determination for setback for parks built before 1969. Height - Method of measuring and useful graphic(s) Reflect what is currently in the IBC. Evaluation of R-1 and R-4 Development Standards and Setbacks Standards should be re-evaluated for being unnecessarily onerous. 7c. ‐ Community and Economic Development Department submits the proposed 2010‐2011 Title IV Docket and Comprehensive Plan Page 65 of 169 DRAFT DRAFT H:\CED\Admin\Work Program\2010\Development Regulations and Comprehensive Plan Amendments.doc Page 2 Land Use Processes/Site Plan Review Streamlining the Site Plan Review criteria The current site plan review criteria were established before we had design guidelines and standards, and as a consequence are duplicative and unnecessary. Fees Fee-in-lieu provision for the provision of parks Provide the opportunity to pay into the parks improvement system where a park is or is planned within reasonable distance of a development. Impact Fees Signs Multi-occupancy buildings within Downtown Clean up references to multi-occupancy buildings as it relates to Downtown and the sign code. Review of Sign Code to include Modification of Urban Design Regulations (4-3-100L), Sign Regulations Section (4-4-100), and consolidation Downtown sign code revision (#D-06) and consider multi-occupancy buildings within Downtown Environment Annual docket process to update Critical Areas maps, tracking system for wetlands inventory, and critical areas reports for permit applications Create a system approach. Review and update critical area maps. Map Amendment Seattle Cedar River pipeline zoning to R-10 When the Earlington annexation zoning occurred, the pipeline corridor was not zoned and should be zoned R-10. Mapping PUDs and Development Agreements on the Zoning Map Currently, there is not a way to cross reference properties with PUD or DA’s which specify uses and entitlements. Amend Water Class Map to omit Class One Waters Because Type 1 waters are regulated by the Shoreline Management Act, we only need to identify Types 2 to 5 waters/streams. General/Miscellaneous/Housekeeping Tent City Provisions (#D-06) Allow for criteria and provisions for tent cities (homeless encampments), based on Mercer Island model. Adult Entertainment Identify moratorium and regulations to address locations of adult entertainment along major transportation corridors. Mental Illness Drug Dependency (MIDD) Tree Replacement Creating provisions in code for a fee-in-lieu of program and/or a receiving area for trees. Dispensation of City property Improve process and conditions in dispensing City property and which department should review. Authority to Development Services Division or Director (check 4-4-080) and review Ord. 5450 (Housekeeping Ordinance) Review and identify appropriate authority and responsibility between Development Services and Planning in CED. Housekeeping “Downtown Core” should be “Center Downtown Zone” Use current terminology in the code. Change references of ‘Planned Unit Development’ to ‘Planned Urban Development’ Amend the Hearing Examiner code to allow Hearing Examiner to conduct site visit Currently, the Hearing Examiner does not visit site and there are benefits that could result in his decision when able to conduct physical site visit. Retaining Walls Provide standards for different types of height, location, treatment, and landscaping. 7c. ‐ Community and Economic Development Department submits the proposed 2010‐2011 Title IV Docket and Comprehensive Plan Page 66 of 169 DRAFT DRAFT H:\CED\Admin\Work Program\2010\Development Regulations and Comprehensive Plan Amendments.doc Page 3 Codify Administrative Code Interpretations CI-01: Sign Code for auto dealership outside Automall Determination regarding which of several conflicting sign-related code provisions apply in the case of an auto dealership located outside of the Auto Mall area. CI-02: Primary Entry Signs Clarification of the City’s Urban Design District sign restrictions relative to the meaning of “primary entry sign” for the purpose of determining appropriate sign requirements for properties located within Urban Design Districts C and D. CI-03: Amateur/Ham Radio Antennas Permissible heights for amateur/ham radio antennas and residential zoning designations which would allow amateur/ham radio antennas in conjunction with residential uses and the process necessary to obtain approval of antennas. CI-04: Temporary Use Permits Clarification of the City’s Temporary Use Permit regulations relative to the submittal requirements for Tier 1 and Tier 2 Temporary Use Permit applications and other code and procedural clarifications. CI-05: Animal Regulations Clarification of regulations applicable to the keeping of pets and domestic animals. CI-06: Urban Separators Determination regarding dedication of open space requirements for properties within the Talbot Urban Separator. CI-08: Retail Sales in the CA Zone Determination regarding an incorrectly placed note in the Zoning Use Table restricting Retail Sales in the Commercial Arterial (CA) zone. Requested by Courtney Kaylor, McCullough Hill (Streamlining) PUD Regulations Provide better flexibility and protect natural features and encourage innovation and creativity in development. Requested by David Halinen, Halinen Law Group (Zoning/Use Tables) Consider allowing industrial in CO Per David Halinen request. 7c. ‐ Community and Economic Development Department submits the proposed 2010‐2011 Title IV Docket and Comprehensive Plan Page 67 of 169 DRAFT DRAFT H:\CED\Admin\Work Program\2010\Development Regulations and Comprehensive Plan Amendments.doc Page 4 2010 Comprehensive Plan Amendments updated 02/01/2010 Items City Initiated Rezone Fire Station 13 Look at current zoning and consider upzoning Sustainability Develop policies in the Comprehensive Plan addressing sustainability See David Williams (AWC) email regarding GMA review and updates Update Plan to reflect new GMA targets Transportation Element Update Transportation Element to reflect current and future needs for transportation system Add goal to Transportation Element regarding Complete Streets To reflect work adopted by the City last year Rezone from RMH to RMF for Vantage Glen Mobile Home Park To recognize request from King County Housing Authority City Center Update Plan to reflect City Center Community Plan Streamline land use designations Create a stronger policy relationship between the land use designations and zone classifications that implement them Examine the RMD policies and purpose, and criteria for zoning R-10 and R-14 Update Comprehensive Parks and Open Space Plan and associated Element of the Comprehensive Plan Impact Fees Reflect work being accomplished by consultant to establish base line in the CFP for parks, transportation, and fire Update Economic Development Element Shoreline Element Landscaping – references to ‘city-wide landscaping plan’ clean-up Requested by David Halinen, Halinen Law Group Continuation of CPA #2009-M-03 to redesignate the MLDC and Virtu properties to EAV with CO and IL zoning 7c. ‐ Community and Economic Development Department submits the proposed 2010‐2011 Title IV Docket and Comprehensive Plan Page 68 of 169 CITY OF RENTON COUNCIL AGENDA BILL Subject/Title: Request to Name Courtroom #1 the “Roger I. Lewis Courtroom” Meeting: Regular Council - 05 Apr 2010 Exhibits: Issue Paper Submitting Data: Dept/Div/Board: Community Services Staff Contact: Peter Renner, Facilities Director Recommended Action: Refer to Community Services Committee Fiscal Impact: Expenditure Required: $ Transfer Amendment: $ Amount Budgeted: $ Revenue Generated: $ Total Project Budget: $ City Share Total Project: $ SUMMARY OF ACTION: A request to name Courtroom #1 at the Renton City Hall the "Roger I. Lewis Courtroom" was forwarded, per City Policy 600-04 - City Facilities Naming Policy, to the Facilities Division of the Community Services Department. The city's naming policy requires a six month waiting period from the time a naming request is made to the time the Council can consider the request. Due to personal circumstances involving former Mayor Lewis, the Administration requests a waiver of the waiting period. The Administration supports the naming request. STAFF RECOMMENDATION: Name Courtroom #1, the “Roger I. Lewis Courtroom” and waive the six-month waiting period between the request for naming and the final recommendation of its adoption 7d. ‐ Community Services Department requests authorization to name Courtroom #1 (on 3rd floor of City Hall) the "Roger I. Lewis Courtroom," Page 69 of 169 H:\Facilities\Facilities Director\Peter Renner\Peter Renner 2010\IssuePaperJudgeLewisCourtNaming.doc COMMUNITY SERVICES DEPARTMENT M E M O R A N D U M DATE:March 302010 TO:Don Persson, Council President Members of the Renton City Council VIA:Denis Law, Mayor FROM:Terry Higashiyama, Community Services Administrator STAFF CONTACT:Peter Renner, Facilities Director, Ext. 6605 SUBJECT:Request to Name Courtroom #1 the “Roger I. Lewis Courtroom” Issue: Should Council approve and adopt the Mayor’s recommendation to name Courtroom #1 the “Roger I. Lewis Courtroom” per City Policy 600-04, “City Facilities Naming Policy” and waive the six-month lag requirement of that policy? Recommendation: Council concur to accept recommendation to name Courtroom #1, the “Roger I. Lewis Courtroom” and waive six-month waiting period between the request for naming and the final recommendation of its adoption. Background: ·The City updated its Naming Policy, 600-04, for City Facilities in 1999, calling for the referral of naming requests to the appropriate division and Council Committee for consideration. ·The Court Division forwarded a naming request to the Facilities Director to name Courtroom #1 in honor of retired Renton Municipal Court Judge Roger I. Lewis. o Judge Lewis served with distinction from March, 1979 until his retirement in May of 1996, earning the respect of both prosecutors and defense attorneys for his fairness, intelligence, and gentlemanly demeanor. o Former Mayor Tanner proclaimed May 22, 1996 as “Judge Roger I. Lewis Day” in the City of Renton in appreciation of his many years of service to the City of Renton. o Judge Lewis was a charter member of the Renton Chapter of the Kiwanis, Director of the Renton School Board, a West Hill Neighborhood Representative, a member of the Juvenile Conference Committee, and a 7d. ‐ Community Services Department requests authorization to name Courtroom #1 (on 3rd floor of City Hall) the "Roger I. Lewis Courtroom," Page 70 of 169 Don Persson, Council President Members of the Renton City Council Page 2 of 2 March 30, 2010 c:\documents and settings\dwagner.renton\local settings\temporary internet files\content.ie5\cmqtvnkq\5e850e68953c406285f61c28d568f36b-issuepaperjudgelewiscourtnaming[1].doc lifelong Renton resident. He has been an active volunteer at his church for 30 years. o In 2002, the Renton Chamber of Commerce recognized Judge Lewis as its choice for “Outstanding Citizen of Renton”. ·The request for a waiver of the normal six-month waiting period between the naming request and its final recommendation is due to Judge Lewis’ current health issues. Conclusion: Naming Courtroom #1, the “Roger I. Lewis Courtroom” is a fitting tribute to both the substantial contributions Judge Lewis has made in the City of Renton and recognition of the character that he displayed in his career as a City of Renton Municipal Court Judge. cc:Jay Covington, Chief Administrative Officer Terry Jurado, Municipal Court Judge Larry Warren, City Attorney Marty Wine, Assistant Chief Administrative Office Terry Higashiyama, Community Services Administrator 7d. ‐ Community Services Department requests authorization to name Courtroom #1 (on 3rd floor of City Hall) the "Roger I. Lewis Courtroom," Page 71 of 169 CITY OF RENTON COUNCIL AGENDA BILL Subject/Title: Creating the Library Advisory Board, Amending Renton Municipal Code Title II, Chapter 13 Meeting: Regular Council - 05 Apr 2010 Exhibits: Ordinance Submitting Data: Dept/Div/Board: Executive Staff Contact: Marty Wine, Assistant CAO x6526 Recommended Action: Refer to Community Services Committee Fiscal Impact: Expenditure Required: $ Transfer Amendment: $ Amount Budgeted: $ Revenue Generated: $ Total Project Budget: $ City Share Total Project: $ SUMMARY OF ACTION: Renton Municipal Code 2.13 sets the authority and function of the City's Library Board. With the annexation of Renton to the King County Library System effective at the end of February, 2010, the Board is now an advisory liaison to the City of Renton's Mayor, City Council, and the KCLS Board of Directors. This ordinance amends Renton Municipal Code to change the focus of the Board's purpose, and removing provisions in the code relating to Renton as an independent library system. In addition, the composition of the Board will change from seven to five members per RCW 27.12.190, which states that a municipal library board will consist of five members. The Administration will advertise for and recruit five members to the new library board upon approval of the ordinance, with capacity for five applicants who will initially have one, two, three, four and five-year terms, respectively, and 5-year reappointments from that time forward. Those who previously served on the Library Board members will be invited to re-apply. As with all City Boards and Commissions, vacancies are advertised on the front page of www.rentonwa.gov, with a link to open positions on boards and commissions inviting those interested to apply, and applications will additionally be provided in library branches. The appointment process, as with all boards and commissions, entails: 1) those interested fill out an application for the board or commission and submit it to the Mayor's Office; 2) a staff-level group (in this case may also include a representative from KCLS; Renton Community Services Department; and the City Council) would review, interview and screen applicants for the board and recommend to the Mayor; 3) the Mayor reviews, interviews and recommends applicants to the Council; and 4) Councilmembers and the relevant Council committee review and confirm or deny the appointment. STAFF RECOMMENDATION: Approve the ordinance amending Chapter 13, Library Board, of Title II (Commissions and Boards), to create a Library Advisory Board for issues related to services provided to Renton residents by the King County Library System. 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 72 of 169 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 73 of 169 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 74 of 169 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 75 of 169 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 76 of 169 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 77 of 169 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 78 of 169 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 79 of 169 7e. ‐ Executive Department recommends approval to amend RMC 2‐13 to create a Library Advisory Board for issues related to services provided Page 80 of 169 CITY OF RENTON COUNCIL AGENDA BILL Subject/Title: Garden Avenue North Widening Project, CAG 09- 020 Design Services by KPG, Inc. Meeting: Regular Council - 05 Apr 2010 Exhibits: Supplemental Agreement #1 Submitting Data: Dept/Div/Board: Public Works Staff Contact: Robert Lochmiller, Project Manager (extension 7303) Recommended Action: Council Concur Fiscal Impact: Expenditure Required: $ $207,815.30 Transfer Amendment: $N/A Amount Budgeted: $ $605,000 (2010)Revenue Generated: $N/A Total Project Budget: $ $605,000 City Share Total Project: $ N/A SUMMARY OF ACTION: The supplemental agreement will provide engineering services to modify plans and specifications in accordance with American Recovery and Reinvestment Act (ARRA) requirements, provide environmental documentation for NEPA approval, construction support, and provide separate contract plans and specifications for a multi-purpose trail between Garden Avenue North and Houser Way North. The Transportation Systems Division anticipates receiving federal stimulus funds for construction costs on the project. Additional work is needed to modify the plans, specifications and environmental documentation to meet federal guidelines to be eligible for federal funds. The design work needs to be completed prior to receiving the federal funds. STAFF RECOMMENDATION: Authorize the Mayor and City Clerk to execute Supplemental Agreement #1 with KPG, Inc. in the amount of $207,815.30 for design services on the Garden Avenue North Widening Project. 7f. ‐ Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐09‐020, with KPG, Inc., in the Page 81 of 169 7f. ‐ Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐09‐020, with KPG, Inc., in the Page 82 of 169 7f. ‐ Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐09‐020, with KPG, Inc., in the Page 83 of 169 7f. ‐ Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐09‐020, with KPG, Inc., in the Page 84 of 169 7f. ‐ Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐09‐020, with KPG, Inc., in the Page 85 of 169 7f. ‐ Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐09‐020, with KPG, Inc., in the Page 86 of 169 7f. ‐ Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐09‐020, with KPG, Inc., in the Page 87 of 169 7f. ‐ Transportation Systems Division recommends approval of Supplemental Agreement #1 to CAG‐09‐020, with KPG, Inc., in the Page 88 of 169 CITY OF RENTON COUNCIL AGENDA BILL Subject/Title: Maple Valley Highway (SR 900) Improvements Phase 2 Contract Completion Rodarte Construction Inc. (CAG-07-161) Meeting: Regular Council - 05 Apr 2010 Exhibits: Final Pay Estimate Public Works Contract Notice of Completion Submitting Data: Dept/Div/Board: Public Works Staff Contact: Robert Lochmiller, Principal Civil Engineer-Transportation (extension 7303) Recommended Action: Council Concur Fiscal Impact: Expenditure Required: $ N/A Transfer Amendment: $ Amount Budgeted: $ Revenue Generated: $ Total Project Budget: $ $8,306,708 (Ph 1 & 2)City Share Total Project: $ $1,834,168 (Ph 1 & 2) SUMMARY OF ACTION: The contract provided widening improvements on Maple Valley Highway from I-405 to approximately 2,000 feet east. The contract included roadway widening, new sidewalk and curbs, a concrete retaining wall along the Cedar River Park, replacement of three existing signals, expanding the Cedar River Park’s parking area, and landscaping. The original contract was in the amount of $5,039,197 with the final contract amount being $4,865,733.66. The change in the final amount was due to bid item quantity reductions. STAFF RECOMMENDATION: Accept completion of the project and release retainage for the full project in the amount of $243,286.68 after 60 days, subject to the required authorization. 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 89 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 90 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 91 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 92 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 93 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 94 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 95 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 96 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 97 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 98 of 169 7g. ‐ Transportation Systems Division submits CAG‐07‐161, Maple Valley Hwy. (SR‐169) Improvements Phase 2; and requests approval of the Page 99 of 169 CITY OF RENTON COUNCIL AGENDA BILL Subject/Title: Amendment #2 to the King County Suburban City Contract - Local Hazardous Waste 2008 Grant, Contract #D37986D Meeting: Regular Council - 05 Apr 2010 Exhibits: Issue Paper Amendment #2 Submitting Data: Dept/Div/Board: Public Works Staff Contact: Linda Knight, Solid Waste Coordinator Recommended Action: Council Concur Fiscal Impact: Expenditure Required: $ $34,741.88 Transfer Amendment: $ Amount Budgeted: $ $34,741.88 Revenue Generated: $$34,741.88 Total Project Budget: $ $34,741.88 City Share Total Project: $ 0 SUMMARY OF ACTION: The City’s Solid Waste Utility is eligible to receive $34,741.88 in non-matching grant funds from the Local Hazardous Waste Management Program to implement local programs that comport with program goals and objectives. In order to receive this funding, the City must execute an amendment to the King County Suburban City Contract - Local Hazardous Waste 2008 Grant, Contract #D37986D. STAFF RECOMMENDATION: Authorize the Mayor and City Clerk to execute an amendment to the King County Suburban City Contract - Local Hazardous Waste 2008 Grant, Contract No. D37986D, which updates the scope of work and authorizes the City’s Solid Waste Utility to receive $34,741.88 in funding from the Local Hazardous Waste Management Program in 2010. 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 100 of 169 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 101 of 169 PUBLIC WORKS DEPARTMENT M E M O R A N D U M DATE:March 24, 2010 TO:Don Persson, Council President Members of Renton City Council VIA:Denis Law, Mayor FROM:Gregg Zimmerman, Administrator STAFF CONTACT:Linda Knight, Solid Waste Coordinator (ext. 7397) SUBJECT:Amendment #2 to the King County Suburban City Contract - Local Hazardous Waste 2008 Grant, Contract #D37986D ISSUE: Should the City execute Amendment #2 to the King County Suburban City Contract - Local Hazardous Waste 2008 Grant, #D37986D, CAG 08 -205, which authorizes the City’s Solid Waste Utility to receive $33,583.67 in non-matching funds from the Local Hazardous Waste Management Program to implement Household Hazardous Waste workshops for Renton’s school children and collect targeted Household Hazardous Waste (HHW) at Special Recycling Events? RECOMMENDATION: Authorize the Mayor and City Clerk to execute an amendment to the King County Suburban City Contract - Local Hazardous Waste 2008 Grant, Contract No. D37986D, which updates the scope of work and authorizes the City’s Solid Waste Utility to receive $33,583.67 in funding from the Local Hazardous Waste Management Program in 2010. BACKGROUND SUMMARY: The City of Renton is a participant in the Local Hazardous Waste Management Program (Program). Fees collected by local jurisdictions and grant funds support the Program. The 2009 Program budget allows for reimbursement to suburban cities opting to implement hazardous waste programs that support Program goals. In addition, the Program allows the City to request reimbursement for travel and representation for expenses incurred by staff serving on Program committees. Currently, Linda Knight, Solid Waste Coordinator, serves on Program committees. In 2005, the City of Renton entered into an agreement with the Program that defined roles and responsibilities of each party and enabled the City’s Solid Waste Utility to 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 102 of 169 Mr. Persson, Council President March 24, 2010 Page 2 of 2 H:\File Sys\SWU - Solid Waste Utility\SWU-09 - LHWMP\SWU-09-0025-LHWMP Grant 2010\10 LHWMP Issue.doc\LKtp receive Program funding for implementation of hazardous waste programs that support Program goals. An amendment to the agreement is required for the City’s Solid Waste Utility to continue to receive funding from the Program to implement hazardous waste collection and education projects. The 2010 scope of work provides for targeted household hazardous waste collection via two collection events (Renton Recycle Days), Household Hazardous Waste Reduction workshops provided to 30 elementary school classrooms, replacement of the IPM Garden signs, and expenses related to representation of Suburban Cities to the Program. CONCLUSION: The City’s Solid Waste Utility is eligible to receive $34,741.88 in non-matching grant funds from the Local Hazardous Waste Management Program to implement local programs. In order to receive this funding, the City must execute an amendment to the King County Suburban City Contract - Local Hazardous Waste 2008 Grant, Contract #D37986D, CAG 08-205. cc: Lys Hornsby, Utility Systems Director JoAnn Wykpisz, PW Principal Finance and Admin Analyst File 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 103 of 169 CONTRACT # D37986D AMENDMENT # 2 CONTRACT AMENDMENT / CHANGE ORDER PROJECT NAME: Local Hazardous Waste Management Program PHSKC PROGRAM MONITOR: P. Shallow CONTRACTOR: City of Renton 1055 South Grady Way Renton, WA 98055 ORIGINAL CONTRACT START DATE: 1/1/08 AMENDMENT EFFECTIVE DATE: 1/1/10 This amendment effects the following changes: CHANGES TO CONTRACT BOILERPLATE 1. Purpose of Amendment: This Amendment adds $34,741.88 in funding to extend services and events conducted as part of the Local Hazardous Waste Management Program through 12/31/2010 as authorized by the 2010 Annual King County Budget. 2. AMEND: Contract Total $62,970.62 TO READ: Contract Total $97,712.50 3. AMEND: Contract Period: January 1, 2008 – December 31, 2009 TO READ: Contract Period: January 1, 2008 – December 31, 2010 4. AMEND Exhibit I, Scope of Work by adding the attached Exhibit I - 2010, Scope of Work. 5. AMEND Exhibit II, Budget/Invoice by adding the attached Exhibit II – 2010, Budget/Invoice. 6. AMEND: Section II.A. TERM AND TERMINATION: “Contract shall commence on the 1st day of January 2008, and shall terminate on the 31st day of December 2009...” TO READ: Section II.A. TERM AND TERMINATION: “Contract shall commence on the 1st day of January 2008, and shall terminate on the 31st day of December 2010...” All other terms and conditions of the referenced contract, including any amendments, shall remain unchanged. IN WITNESS HEREOF, the parties hereto have caused this amendment to be executed and instituted on the date first written. KING COUNTY CONTRACTOR FOR King County Executive Signature Date Name (please type or print) Date 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 104 of 169 D:\Program Files\Neevia.Com\Document Converter\temp\renton10[1].doc 1 of 4 EXHIBIT I - 2010 D37986D MEMORANDUM OF UNDERSTANDING ON THE LOCAL HAZARDOUS WASTE MANAGEMENT PROGRAM FOR 2010 ACTIVITIES The Local Hazardous Waste Management Plan (hereafter referred to as the “Plan”) as updated in 1997, was adopted by the partner agencies (King County Solid Waste Division, Seattle Public Utilities, King County Water and Land Resources Division and the Seattle-King County Department of Public Health) and cities located in King County. The Washington State Department of Ecology in accordance with RCW 70.105.220 subsequently approved the Plan. The City is an active and valued partner in the regional Local Hazardous Waste Management Program (hereafter referred to as the “Program”). The purpose of this Exhibit is to define the terms and conditions associated with the Program’s funding of City activities performed under the auspices of the Plan and as approved by the Program’s Management Coordination Committee (hereinafter referred to as the “MCC”). This Agreement further defines the responsibilities of the City and Seattle-King County Department of Public Health with respect to the transfer of Program monies. Scope of Work The City of Renton will organize two citywide household hazardous waste collection and recycling events. At these events the following materials will be collected and recycled: motor oil, oil filters, antifreeze, batteries, CFCs and other materials if determined to be cost effective. The City will also provide a minimum of 30, one-hour, household hazardous waste reduction workshops to grades 1-6. The City will develop and install up to five educational signs at the Integrated Pest Management Garden for the purpose of educating visitors about chemical free landscapes. Travel and related expenses incurred for one city member to attend LHWMP meetings and events will be reimbursed. Responsibilities of the Parties The responsibilities of the parties to this Contract shall be as follows: A. The City 1. The City shall develop and submit project proposals and budget requests to the Program’s Contract Administrator. Funds provided to the City by the Local Hazardous Waste Management Program pursuant to this Contract shall be used to implement hazardous waste programs and/or services as approved by the MCC. 2. For reimbursement the City shall submit the following to the Contract Administrator: a) An invoice (see Exhibit II). Invoices should be sent to the Contract Administrator for approval and payment. 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 105 of 169 D:\Program Files\Neevia.Com\Document Converter\temp\renton10[1].doc 2 of 4 b) A brief description of activity accomplished and funds expended in accordance with the scope of work. c) Copies of invoices for expenditures or a financial statement prepared by the City’s finance department. The financial statements should include vendor names, a description of services provided, date paid and a check or warrant number. 3. The City shall notify the Contract Administrator no later than December 15th regarding the amount of outstanding expenditures for which the City has not yet submitted a reimbursement request. 4. It is the responsibility of the City to comply with all applicable county, state and/or federal reporting requirements with respect to the collection and transfer of moderate risk wastes. The City shall report to the Contract Administrator the quantity, by type, of moderate risk waste collected using Program funds. The City shall also provide the Contract Administrator with copies of EPA’s Non-Hazardous Waste Manifest or similar form, associated with the transport of moderate risk waste collected through Program-funded events. 5. The City is solely responsible for any and all spills, leaks or other emergencies arising at the facilities associated with the City’s events or in any other way associated with activities conducted within the scope of this Contract. In the event of a spill or other emergency, the City is responsible for complying with all applicable laws and regulations. 6. The City agrees to appropriately acknowledge the Program in all media produced – in part or in whole – with Program funds. The intent of this provision is to further strengthen this regional partnership in the public’s mind. 7. The City agrees to provide the Program with copies of all media material produced for local hazardous waste management events or activities that have been funded by the Program. The City also agrees to allow the Program to reproduce media materials created with Program money provided that the Program credits the City as the originator of that material. 8. This project shall be administered by Linda Knight at the City of Renton, 1055 South Grady Way, Renton, at (425) 430-7397, (lknight@rentonwa.gov) or her designee. 9. Questions or concerns regarding any issue associated with this Exhibit that cannot be handled by the Contract Administrator should be referred to the LHWMP Program Administrator for resolution. B. Seattle-King County Department of Public Health 1. Seattle-King County Department of Public Health shall administer, via the attached Contract, the transfer of Program funds to the City for hazardous waste management events and activities. 2. Within ten (10) working days of receiving a request for reimbursement from the City, the Contract Administrator shall either notify the City of any exceptions to the request which have been identified or shall process the request for payment. If any exceptions to the request are made, this shall be done by written notification to the City providing the reason for such exception. The Contract Administrator will not authorize payment for activities and/or expenditures that are not included in the scope of work, unless the scope has been amended. The Contract Administrator retains the right to withhold all or 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 106 of 169 D:\Program Files\Neevia.Com\Document Converter\temp\renton10[1].doc 3 of 4 partial payment if the City’s invoices are incomplete (e.g. they do not include proper documentation of expenditures for which reimbursement is being requested) or are not consistent with the submitted scope of work. C. Program Contacts Jay Watson Paul Shallow LHWMP Program Administrator LHWMP Contract Administrator 150 Nickerson Street, Suite 100 401 Fifth Avenue, Suite 1100 Seattle, WA 98109 Seattle, WA 98104 206-352-8163 206-263-8487 jay.watson@kingcounty.gov paul.shallow@kingcounty.gov 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 107 of 169 D:\Program Files\Neevia.Com\Document Converter\temp\renton10[1].doc 4 of4 EXHIBIT II - 2010 Budget/Invoice LOCAL HAZARDOUS WASTE MANAGEMENT PROGRAM From: The City of Renton 1055 South Grady Way Renton, WA 98055 To: Paul Shallow, LHWMP Contract Administrator Seattle-King County Department of Public Health 401 Fifth Avenue, Suite 1100 Seattle, WA 98104 Contract #D37986D Period of time: ___________________, 2010 to _____________________, 2010. In performance of a signed Contract between King County and the City of Renton, I hereby certify that the following expenses were incurred during the above-mentioned period of time. ___________________________ ________________________ Signature Date Component Description Budget Current Expenses Previous Charges Balance HHW Education $18,241.88 HHW Collection $5,500.00 Travel/Related Costs $11,000.00 TOTAL $34,741.88 __________________________________________________________For Health Department Use Only Local Hazardous Waste Management Program Approval: _________________________________ ___________ Paul Shallow Date 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 108 of 169 Local Hazardous Waste Management Program 2010 Grants to Local Cities City of Renton Grant Amount: $23,741.88 Suburban Cities Representation: $11,000.00 Project Manager: Linda Knight, Solid Waste Coordinator 1055 South Grady Way Renton, Washington 98057 425-430-7397 Fax: 425-430-7241 Email: lknight@ci.renton.wa.us Scope of Work: Task 1(HHW) Renton Recycling Days: Targeted Waste Collection Total cost: $5,500 Objectives Activity: Collect 1100 gallons used motor oil 2 – 55 gallon drums used motor oil filters 250 gallons used antifreeze 250 lead acid batteries Outcome: Prevent intentional/unintentional contamination of environment Targeted household hazardous waste collection will be planned and implemented as part o f the City's Renton Recycling Days in 2010. Two events, schedule TBD, will be implemented. The one-day events will serve residents of the community between 9 a.m. and 3 p.m. Both paid staff and volunteers will be utilized to increase the efficacy of the event. The targeted household hazardous materials to be collected and recycled include: used motor oil, antifreeze, motor oil filters, NiCad batteries, and lead-acid batteries. In addition, the City, through Renton Recycling Days will collect and recycle other problem wastes such as automotive tires; used appliances and scrap metal; plastics; reusable household items; concrete; and bulky yard waste and clean wood. There will be no user fee assigned to this event with the exception of a cash fee for each residential refrigerator or freezer collected. The cash fee will be collected by the vendor to cover the costs associated with federal and state regulations compliance related to CFC and capacitor recovery. Staff will complete and obtain the required Hazardous Waste Installation Permit as required by the City’s Fire Prevention Department and agrees to the subsequent on -site inspection by the City’s Fire Department staff. In addition, staff will complete all applications and/or reports required by the Health Department for purposes of inspection. The public will be notified through utility billing inserts, a direct mail brochure, the City’s Web site and the City's local newspaper The Renton Reporter. Participants will receive educational materials about alternatives to household hazardous products and information about proper disposal practices. The final report will include data on amount of waste collected. 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 109 of 169 LHWMP 2010 Grant Scope of Work Page 2 H:\File Sys\SWU - Solid Waste Utility\SWU-09 - LHWMP\SWU-09-0025-LHWMP Grant 2010\2010 GRANTscope.doc/LKtp Collection costs: $5,500.00 Task 2 (HHW) Household Hazardous Waste (HHW) Reduction School Work shops Total Cost: $11,241.88 Objective Activity: Provide a minimum of 30, one-hour, hazardous waste reduction workshops to grades 1 - 6 Outcome: Increase the awareness of 80% of students participating in workshops that will educate students in how to reduce the production of household hazardous waste, proper disposal and recycling practices, and the use of safe alternatives. City staff will present workshops on HHW, developed in 1994 -95 and modified in 2000, to elementary students. Staff will plan, present and evaluate a minimum of 30 workshops during the grant period. The workshops will be coordinated with the Renton School District, the City’s Parks and Recreation Division and/or other schools and youth organizations in Renton. The 1-hour workshops will reach between 700 and 800 students, teaching them about alternatives to hazardous products and proper disposal of HHW. Visual aids and hands -on activities will be used. Laminated recipe cards for safer alternatives and information about HHW collection facilities will be provided to the students. Each classroom teacher will be given a Green Cleaning Kit to use either in the classroom or at home. Students will be encouraged to provide feedback on the concepts learned through a variety of extra curricular activities to be developed during the grant period. Staff will use student feedback in evaluating the effectiveness of the program. A copy of the final summary of the effectiveness of the program will be provided to the LHWMP by the end of the grant period. Staff/administration: $10,000.00 Supplies: $ 1,241.88 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 110 of 169 LHWMP 2010 Grant Scope of Work Page 3 H:\File Sys\SWU - Solid Waste Utility\SWU-09 - LHWMP\SWU-09-0025-LHWMP Grant 2010\2010 GRANTscope.doc/LKtp Task 3 (HHW) Integrated Pest Management Garden Improvements Total Cost: $7,000.00 Objective Activity: Develop and install up to 5 educational signs at the IPM Garden at 200 Mill Avenue So., Renton WA Outcome: Increase awareness of visitors to the IPM garden about chemical free landscapes. City staff will continue to develop, produce and install up to 5 educational signs for the Integrated Pest Management Garden located at 200 Mill Avenue South, Renton WA. This task was planned for the 2009 grant, however due to several staffing changes the project was not completed. In 2009, staff began the process of research and sign development. Production and installation of the signs were originally planned for 4th quarter of 2009. Staff anticipate that final sign development and installation will occur by the third quarter of 2010. The signs will outline how residents can plan, design and install landscapes that enha nce the environment through reduction of chemical use. Staff/Administration: $2,000.00 Professional Services: $5,000.00 7h. ‐ Utility Systems Division recommends approval of Amendment #2 to CAG‐08‐205, with Seattle/King County Department of Public Health, Page 111 of 169 CITY OF RENTON, WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2010 ORDINANCE NO. AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, providing for the issuance and sale of limited tax general obligation refunding bonds of the City in the aggregate principal amount of not to exceed $6,800,000 to provide funds for the purpose of refunding certain limited tax general obligation bonds of the City; authorizing the appointment of an escrow agent and execution of an escrow agreement; and delegating certain authority to approve the final terms of the bonds. PASSED: April 5, 2010 PREPARED BY: K&L Gates LLP Seattle, Washington 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 112 of 169 ORDINANCE NO. TABLE OF CONTENTS Page Section 1. Definitions 2 Section 2. Authorization of Bonds 7 Section 3. Description of Bonds 7 Section 4. Registration, Transfer and Payment of Bonds 8 Section 5. Redemption and Purchase of Bonds 13 Section 6. Form of the Bonds 17 Section 7. Execution of the Bonds 19 Section 8. Refunding Procedures 20 Section 9. Tax Covenants 23 Section 10. Bond Fund; Provision for Payment 25 Section 11. Defeasance 26 Section 12. Sale of the Bonds 27 Section 13. Bond Insurance 30 Section 14. Continuing Disclosure Undertaking 30 Section 15. Lost, Stolen or Destroyed Bonds 34 Section 16. Severability 34 Section 17. Effective Date of Ordinance 35 EXHIBIT A Form of Escrow Deposit Agreement This Table of Contents is provided for convenience only and is not a part of this ordinance. P:\20358 DG\20358_0MY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 113 of 169 CITY OF RENTON, WASHINGTON ORDINANCE NO. AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, providing for the issuance and sale of limited tax general obligation refunding bonds of the City in the aggregate principal amount of not to exceed $6,800,000 to provide funds for the purpose of refunding certain limited tax general obligation bonds of the City; authorizing the appointment of an escrow agent and execution of an escrow agreement; and delegating certain authority to approve the final terms of the bonds. WHEREAS, pursuant to Ordinance No. 4922 (the "2001 Bond Ordinance"), passed on October 22, 2001, the City of Renton, Washington (the "City") issued its Limited Tax General Obligation and Refunding Bonds, 2001, dated November 1, 2001 (the "2001 Bonds"), currently outstanding in the aggregate principal amount of $18,700,000, and maturing in remaining principal amounts and bearing interest as follows: Maturity (December 1) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2021 Principal Amount $1,350,000 1,400,000 1,455,000 1,530,000 1,610,000 1,695,000 1,785,000 1,875,000 1,385,000 1,460,000 3,155,000 Interest Rate 4.00% 4.00 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.00 ; and 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 114 of 169 ORDINANCE NO. WHEREAS, the 2001 Bonds maturing on and after December 1, 2012 are callable for redemption on or after December 1, 2011, in whole at any time or in part on any interest payment date, at a price of par plus accrued interest to the date of redemption; and WHEREAS, as a result of changed market conditions, it appears that a debt service savings may be obtained by refunding a portion of the callable 2001 Bonds through the issuance of limited tax general obligation refunding bonds of the City in the aggregate principal amount of not to exceed $6,800,000 (the "Bonds"); NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES ORDAIN AS FOLLOWS: Section 1. Definitions. As used in this ordinance, the following words shall have the following meanings: Acquired Obligations means the Government Obligations acquired by the City under the terms of this ordinance and the Escrow Agreement to effect the defeasance and refunding of the Refunded Bonds. Beneficial Owner means any person that has or shares the power, directly or indirectly to make investment decisions concerning ownership of any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries). Bond Fund means the City of Renton Limited Tax General Obligation Bond Debt Service Fund described in Section 10 of this ordinance. Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Insurer insuring the payment when due of the principal of and interest on all or a portion of the Bonds as provided therein. -2- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 115 of 169 ORDINANCE NO. Bond Purchase Agreement means the contract for the purchase of the Bonds between the Underwriter and City, executed pursuant to Section 12 of this ordinance. Bond Register means the registration books showing the name, address and tax identification number of each Registered Owner of the Bonds, maintained pursuant to Section 149(a) of the Code. Bond Registrar means, initially, the fiscal agency of the State of Washington, for the purposes of registering and authenticating the Bonds, maintaining the Bond Register, effecting transfer of ownership of the Bonds and paying interest on and principal of the Bonds. Bond Year means each one-year period that ends on the date selected by the City. The first and last Bond Years may be short periods. If no day is selected by the City before the earlier of the final maturity date of the Bonds or the date that is five years after the date of issuance of the Bonds, Bond Years end on each anniversary of the date of issue and on the final maturity date of the Bonds. Bonds mean the City of Renton, Washington, Limited Tax General Obligation Refunding Bonds, 2010, if any, issued pursuant to this ordinance. City means the City of Renton, Washington, a municipal corporation of the State of Washington. Code means the Internal Revenue Code of 1986, as amended, and shall include all applicable regulations and rulings relating thereto. Commission means the Securities and Exchange Commission. Council means the City Council as the general legislative authority of the City, as the same shall be duly and regularly constituted from time to time. -3-P:\20358_DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 116 of 169 ORDINANCE NO. Designated City Representative means the Mayor, the Chief Administrative Officer, or the Finance Director of the City and any successor to the functions of such offices. DTC means The Depository Trust Company, New York, New York, a limited purpose trust company organized under the laws of the State of New York, as depository for the Bonds pursuant to Section 4 hereof. Escrow Agreement means the Escrow Deposit Agreement between the City and the Escrow Agent to be dated as of the date of closing and delivery of the Bonds, substantially in the form attached hereto as Exhibit A. Escrow Agent means the financial institution selected by the Designated City Representative as provided in Section 8 of this ordinance. Finance Director shall mean the City's Finance and Information Services Administrator or the successor to such officer. Government Obligations mean those obligations now or hereafter defined as such in chapter 39.53 RCW. Insurer means the municipal bond insurance company, if any, selected and designated by the Designated City Representative, pursuant to Section 13 of this ordinance, or any successor thereto or assignee thereof, as issuer of a Bond Insurance Policy for all or a portion of the Bonds. Letter of Representations mean the blanket issuer letter of representations from the City to DTC. MSRB means the Municipal Securities Rulemaking Board or any successor to its functions. -4- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 117 of 169 ORDINANCE NO. Net Proceeds, when used with reference to the Bonds, means the principal amount of the Bonds, plus accrued interest and original issue premium, if any, and less original issue discount, if any. Private Person means any natural person engaged in a trade or business or any trust, estate, partnership, association, company or corporation. Private Person Use means the use of property in a trade or business by a Private Person if such use is other than as a member of the general public. Private Person Use includes ownership of the property by the Private Person as well as other arrangements that transfer to the Private Person the actual or beneficial use of the property (such as a lease, management or incentive payment contract or other special arrangement) in such a manner as to set the Private Person apart from the general public. Use of property as a member of the general public includes attendance by the Private Person at municipal meetings or business rental of property to the Private Person on a day-to-day basis if the rental paid by such Private Person is the same as the rental paid by any Private Person who desires to rent the property. Use of property by nonprofit community groups or community recreational groups is not treated as Private Person Use if such use is incidental to the governmental uses of property, the property is made available for such use by all such community groups on an equal basis and such community groups are charged only a de minimis fee to cover custodial expenses. RCW means the Revised Code of Washington. Refunded Bonds mean all or a portion of the callable 2001 Bonds selected as Refunded Bonds by the Designated City Representative pursuant to Section 8. -5-P:\20358 DG\20358 OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 118 of 169 ORDINANCE NO. Registered Owner means the person named as the registered owner of a Bond in the Bond Register. For so long as the Bonds are held in book-entry only form, DTC shall be deemed to be the sole Registered Owner. Rule means the Commission's Rule 15c2-12 under the Securities Exchange Act of 1934, as the same may be amended from time to time. Savings Target means a dollar amount equal to at least four percent (4%) of the outstanding principal of the Refunded Bonds. 2001 Bond Ordinance means Ordinance No. 4922 passed by the City Council on October 22, 2001, authorizing the issuance of the 2001 Bonds. 2001 Bonds mean the outstanding "City of Renton, Limited Tax General Obligation and Refunding Bonds, 2001" issued pursuant to the 2001 Bond Ordinance. Underwriter means Seattle-Northwest Securities Corporation, Seattle, Washington. Interpretation. In this ordinance, unless the context otherwise requires: (a) The terms "hereby," "hereof," "hereto," "herein, "hereunder" and any similar terms, as used in this ordinance, refer to this ordinance as a whole and not to any particular article, section, subdivision or clause hereof, and the term "hereafter" shall mean after, and the term "heretofore" shall mean before, the date of this ordinance; (b) Words of the masculine gender shall mean and include correlative words of the feminine and neuter genders and words importing the singular number shall mean and include the plural number and vice versa; -6" P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 119 of 169 ORDINANCE NO. (c) Words importing persons shall include firms, associations, partnerships (including limited partnerships), trusts, corporations and other legal entities, including public bodies, as well as natural persons; (d) Any headings preceding the text of the several articles and sections of this ordinance, and any table of contents or marginal notes appended to copies hereof, shall be solely for convenience of reference and shall not constitute a part of this ordinance, nor shall they affect its meaning, construction or effect; and (e) AH references herein to "articles," "sections" and other subdivisions or clauses are to the corresponding articles, sections, subdivisions or clauses hereof. Section 2. Authorization of Bonds. The Council hereby authorizes the issuance of limited tax general obligation refunding bonds (the "Bonds") in an aggregate principal amount of not to exceed $6,800,000 for the purpose of providing the funds necessary to refund the Refunded Bonds and pay all or a portion of the costs incidental to the foregoing and to the issuance of the Bonds. Section 3. Description of Bonds. The Bonds shall be general obligations of the City; shall be designated the "City of Renton, Washington, Limited Tax General Obligation Refunding Bonds, 2010," with any additional series designation, if necessary; shall be dated as of their initial date of delivery; shall be fully registered as to both principal and interest; shall be in the denomination of $5,000 each, or any integral multiple thereof within a maturity, provided that no Bond shall represent more than one maturity; shall be numbered separately in such manner and with any additional designation as the Bond Registrar deems necessary for purposes of identification; shall bear interest from their date, payable semiannually on the interest payment -7-P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 120 of 169 ORDINANCE NO. dates set forth in the Bond Purchase Agreement; and shall mature on December 1 in the years and principal amounts set forth and approved in the Bond Purchase Agreement executed by the Designated City Representative pursuant to Section 12 of this ordinance. Section 4. Registration, Transfer and Payment of Bonds. (a) Bond Registrar/Bond Register. The City hereby specifies and adopts the system of registration approved by the Washington State Finance Committee from time to time through the appointment of state fiscal agencies. The City shall cause a bond register to be maintained by the Bond Registrar. So long as any Bonds remain outstanding, the Bond Registrar shall make all necessary provisions to permit the exchange or registration or transfer of Bonds at its principal corporate trust office. The Bond Registrar may be removed at anytime at the option of the Finance Director upon prior notice to the Bond Registrar and a successor Bond Registrar appointed by the Finance Director. No resignation or removal of the Bond Registrar shall be effective until a successor shall have been appointed and until the successor Bond Registrar shall have accepted the duties of the Bond Registrar hereunder. The Bond Registrar is authorized, on behalf of the City, to authenticate and deliver Bonds transferred or exchanged in accordance with the provisions of such Bonds and this ordinance and to carry out all of the Bond Registrar's powers and duties under this ordinance. The Bond Registrar shall be responsible for its representations contained in the Certificate of Authentication of the Bonds. (b) Registered Ownership. The City and the Bond Registrar, each in its discretion, may deem and treat the Registered Owner of each Bond as the absolute owner thereof for all purposes (except as provided in Section 14 of this ordinance), and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. Payment of any such Bond shall be -8- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 121 of 169 ORDINANCE NO. made only as described in Section 4(h) hereof, but such Bond may be transferred as herein provided. All such payments made as described in Section 4(h) shall be valid and shall satisfy and discharge the liability of the City upon such Bond to the extent of the amount or amounts so paid. (c) DTC Acceptance/Letters of Representations. The Bonds initially shall be held in fully immobilized form by DTC acting as depository. To induce DTC to accept the Bonds as eligible for deposit at DTC, the City has executed and delivered to DTC a Blanket Issuer Letter of Representations. Neither the City nor the Bond Registrar will have any responsibility or obligation to DTC participants or the persons for whom they act as nominees (or any successor depository) with respect to the Bonds in respect of the accuracy of any records maintained by DTC (or any successor depository) or any DTC participant, the payment by DTC (or any successor depository) or any DTC participant of any amount in respect of the principal of or interest on Bonds, any notice which is permitted or required to be given to Registered Owners under this ordinance (except such notices as shall be required to be given by the City to the Bond Registrar or to DTC (or any successor depository)), or any consent given or other action taken by DTC (or any successor depository) as the Registered Owner. For so long as any Bonds are held in fully-immobilized form hereunder, DTC or its successor depository shall be deemed to be the Registered Owner for all purposes hereunder, and all references herein to the Registered Owners shall mean DTC (or any successor depository) or its nominee and shall not mean the owners of any beneficial interest in such Bonds. -9" P:\20358 DG\20358 OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 122 of 169 ORDINANCE NO. If any Bond shall be duly presented for payment and funds have not been duly provided by the City on such applicable date, then interest shall continue to accrue thereafter on the unpaid principal thereof at the rate stated on such Bond until it is paid. (d) Use of Depository. (1) The Bonds shall be registered initially in the name of "Cede & Co.", as nominee of DTC, with one Bond maturing on each of the maturity dates for the Bonds in a denomination corresponding to the total principal therein designated to mature on such date. Registered ownership of such immobilized Bonds, or any portions thereof, may not thereafter be transferred except (A) to any successor of DTC or its nominee, provided that any such successor shall be qualified under any applicable laws to provide the service proposed to be provided by it; (B) to any substitute depository appointed by the Finance Director pursuant to subsection (2) below or such substitute depository's successor; or (C) to any person as provided in subsection (4) below. (2) Upon the resignation of DTC or its successor (or any substitute depository or its successor) from its functions as depository or a determination by the Finance Director to discontinue the system of book entry transfers through DTC or its successor (or any substitute depository or its successor), the Finance Director may hereafter appoint a substitute depository. Any such substitute depository shall be qualified under any applicable laws to provide the services proposed to be provided by it. (3) In the case of any transfer pursuant to clause (A) or (B) of subsection (1) above, the Bond Registrar shall, upon receipt of all outstanding Bonds, together with a written request on behalf of the Finance Director, issue a single new Bond for each maturity then -10- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 123 of 169 ORDINANCE NO. outstanding, registered in the name of such successor or such substitute depository, or their nominees, as the case may be, all as specified in such written request of the Finance Director. (4) In the event that (A) DTC or its successor (or substitute depository or its successor) resigns from its functions as depository, and no substitute depository can be obtained, or (B) the Finance Director determines that it is in the best interest of the beneficial owners of the Bonds that such owners be able to obtain such bonds in the form of Bond certificates, the ownership of such Bonds may then be transferred to any person or entity as herein provided, and shall no longer be held in fully-immobilized form. The Finance Director shall deliver a written request to the Bond Registrar, together with a supply of definitive Bonds, to issue Bonds as herein provided in any authorized denomination. Upon receipt by the Bond Registrar of all then outstanding Bonds together with a written request on behalf of the Finance Director to the Bond Registrar, new Bonds shall be issued in the appropriate denominations and registered in the names of such persons as are requested in such written request. (e) Registration of Transfer of Ownership or Exchange; Change in Denominations. The transfer of any Bond may be registered and Bonds may be exchanged, but no transfer of any such Bond shall be valid unless it is surrendered to the Bond Registrar with the assignment form appearing on such Bond duly executed by the Registered Owner or such Registered Owner's duly authorized agent in a manner satisfactory to the Bond Registrar. Upon such surrender, the Bond Registrar shall cancel the surrendered Bond and shall authenticate and deliver, without charge to the Registered Owner or transferee therefor, a new Bond (or Bonds at the option of the new Registered Owner) of the same date, maturity and interest rate and for the same aggregate principal amount in any authorized denomination, naming as Registered -11-P:\20358_DG\20358 OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 124 of 169 ORDINANCE NO. Owner the person or persons listed as the assignee on the assignment form appearing on the surrendered Bond, in exchange for such surrendered and cancelled Bond. Any Bond may be surrendered to the Bond Registrar and exchanged, without charge, for an equal aggregate principal amount of Bonds of the same date, maturity and interest rate, in any authorized denomination. The Bond Registrar shall not be obligated to register the transfer or to exchange any Bond during the 15 days preceding any interest payment or principal payment date any such Bond is to be redeemed. (f) Bond Registrar's Ownership of Bonds. The Bond Registrar may become the Registered Owner of any Bond with the same rights it would have if it were not the Bond Registrar, and to the extent permitted by law, may act as depository for and permit any of its officers or directors to act as member of, or in any other capacity with respect to, any committee formed to protect the right of the Registered Owners of Bonds. (g) Registration Covenant. The City covenants that, until all Bonds have been surrendered and canceled, it will maintain a system for recording the ownership of each Bond that complies with the provisions of Section 149 of the Code. (h) Place and Medium of Payment. Both principal of and interest on the Bonds shall be payable in lawful money of the United States of America. Interest on the Bonds shall be calculated on the basis of a year of 360 days and twelve 30-day months. For so long as all Bonds are in fully immobilized form, payments of principal and interest thereon shall be made as provided in accordance with the operational arrangements of DTC referred to in the Letter of Representations. In the event that the Bonds are no longer in fully immobilized form, interest on the Bonds shall be paid by check or draft mailed to the Registered Owners at the addresses -12- P:\20358_DG\20358_OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 125 of 169 ORDINANCE NO. for such Registered Owners appearing on the Bond Register on the fifteenth day of the month preceding the interest payment date, or upon the written request of a Registered Owner of more than $1,000,000 of Bonds (received by the Bond Registrar at least 15 days prior to the applicable payment date), such payment shall be made by the Bond Registrar by wire transfer to the account within the continental United States designated by the Registered Owner. Principal of the Bonds shall be payable upon presentation and surrender of such Bonds by the Registered Owners at the principal office of the Bond Registrar. Section 5. Redemption and Purchase of Bonds. (a) Mandatory Redemption of Term Bonds and Optional Redemption, if any. The Bonds may be called for redemption prior to scheduled maturity under terms approved by the Designated City Representative in the Bond Purchase Agreement pursuant to Section 12 of this ordinance. (b) Purchase of Bonds. The City reserves the right to purchase any of the Bonds offered to it at any time at a price deemed reasonable by the City. Bonds purchased by the City shall be cancelled. (c) Selection of Bonds for Redemption. Except to the extent that another method is prescribed in the Bond Purchase Agreement, for as long as the Bonds are held in book-entry only form, the selection of particular Bonds within a maturity to be redeemed shall be made in accordance with the operational arrangements then in effect at DTC. If the Bonds are no longer held in uncertificated form, the selection of such Bonds to be redeemed and the surrender and reissuance thereof, as applicable, shall be made as provided in the following provisions of this subsection (c). If the City redeems at any one time fewer than all of the Bonds having the same -13-P:\20358_DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 126 of 169 ORDINANCE NO. maturity date, the particular Bonds or portions of Bonds of such maturity to be redeemed shall be selected by lot (or in such manner determined by the Registrar) in increments of $5,000. In the case of a Bond of a denomination greater than $5,000, the City and the Bond Registrar shall treat each Bond as representing such number of separate Bonds each of the denomination of $5,000 as is obtained by dividing the actual principal amount of such Bond by $5,000. In the event that only a portion of the principal sum of a Bond is redeemed, upon surrender of such Bond at the principal office of the Bond Registrar there shall be issued to the Registered Owner, without charge therefor, for the then unredeemed balance of the principal sum thereof, at the option of the Registered Owner, a Bond or Bonds of like maturity and interest rate in any of the denominations herein authorized. (d) Notice of Redemption. (1) Official Notice. For so long as the Bonds are held in uncertificated form, notice of redemption (which notice may be conditional) shall be given in accordance with the operational arrangements of DTC as then in effect, and neither the City nor the Bond Registrar will provide any notice of redemption to any Beneficial Owners. Thereafter (if the Bonds are no longer held in uncertificated form), notice of redemption shall be given in the manner hereinafter provided. Unless waived by any owner of Bonds to be redeemed, official notice of any such redemption (which redemption may be conditioned by the Bond Registrar on the receipt of sufficient funds for redemption or otherwise) shall be given by the Bond Registrar on behalf of the City by mailing a copy of an official redemption notice by first class mail at least 20 days and not more than 60 days prior to the date fixed for redemption to the Registered -14- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 127 of 169 ORDINANCE NO. Owner of the Bond or Bonds to be redeemed at the address shown on the Register or at such other address as is furnished in writing by such Registered Owner to the Bond Registrar. In the case of an optional redemption, the notice of redemption may state that the City retains the right to rescind that notice on or prior to the scheduled redemption date, and that notice and optional redemption shall be of no effect to the extent that the City gives notice to the affected Registered Owners at any time on or prior to the scheduled redemption date that the City is rescinding the redemption notice in whole or in part. Any Bonds subject to a rescinded notice of redemption are to remain outstanding, and the rescission will not constitute a default hereunder. All official notices of redemption shall be dated and shall state: (A) the redemption date, (B) the redemption price, (C) if fewer than all outstanding Bonds are to be redeemed, the identification by maturity (and, in the case of partial redemption, the respective principal amounts) of the Bonds to be redeemed, (D) that on the redemption date the redemption price will become due and payable upon each such Bond or portion thereof called for redemption, and that interest thereon shall cease to accrue from and after said date, and (E) the place where such Bonds are to be surrendered for payment of the redemption price, which place of payment shall be the principal office of the Bond Registrar. -15-P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 128 of 169 ORDINANCE NO. On or prior to any redemption date, the City shall deposit with the Bond Registrar an amount of money sufficient to pay the redemption price of all the Bonds or portions of Bonds which are to be redeemed on that date. (2) Effect of Notice: Bonds Due. If an unconditional notice of redemption has been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date such Bonds or portions of Bonds shall cease to bear interest. Upon surrender of such Bonds for redemption in accordance with said notice, such Bonds shall be paid by the Bond Registrar at the redemption price. Installments of interest due on or prior to the redemption date shall be payable as herein provided for payment of interest. All Bonds which have been redeemed shall be canceled and destroyed by the Bond Registrar and shall not be reissued. (3) Additional Notice. In addition to the foregoing notice, further notice shall be given by the City as set out below, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed. Each further notice of redemption given hereunder shall contain the information required above for an official notice of redemption plus (A) the CUSIP numbers of all Bonds being redeemed; (B) the date of issue of the Bonds as originally issued; (C) the rate of interest borne by each Bond being redeemed; (D) the maturity date of each Bond being redeemed; and (E) any other descriptive information needed to identify accurately the Bonds being redeemed. Each further notice of redemption may be sent at least 35 days before the redemption date to each party entitled to receive -16- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 129 of 169 ORDINANCE NO. notice pursuant to Section 14, the Insurer, if any, and to the Underwriter and with such additional information as the City shall deem appropriate, but such mailings shall not be a condition precedent to the redemption of such Bonds. (4) Amendment of Notice Provisions. The foregoing notice provisions of this Section 5, including but not limited to the information to be included in redemption notices and the persons designated to receive notices, may be amended by additions, deletions and changes in order to maintain compliance with duly promulgated regulations and recommendations regarding notices of redemption of municipal securities. Section 6. Form of the Bonds. The Bonds shall be in substantially the following form: [DTC LANGUAGE] [STATEMENT OF INSURANCE] UNITED STATES OF AMERICA NO. $ STATE OF WASHINGTON CITY OF RENTON LIMITED TAX GENERAL OBLIGATION REFUNDING BOND, 2010 INTEREST RATE: % MATURITY DATE: CUSIP NO.: REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: The City of Renton, Washington (the "City"), hereby acknowledges itself to owe and for value received promises to pay to the Registered Owner identified above, or registered assigns, on the Maturity Date identified above, the Principal Amount indicated above and to pay interest thereon from , 2010, or the most recent date to which interest has been paid or duly provided for until payment of this bond at the Interest Rate set forth above, payable on , 20 , and semiannually thereafter on the first days of each succeeding June and December. Both principal of and interest on this bond are payable in lawful money of the United States of America. The fiscal agency of the State of Washington has been appointed by the City as the authenticating agent, paying agent and registrar for the bonds of this issue (the "Bond Registrar"). For so long as the bonds of this issue are held in fully immobilized form, payments of principal and interest thereon shall be made as provided in accordance with the -17-P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 130 of 169 ORDINANCE NO. operational arrangements of The Depository Trust Company ("DTC") referred to in the Blanket Issuer Letter of Representations (the "Letter of Representations") from the City to DTC. The bonds of this issue are issued under and in accordance with the provisions of the Constitution and applicable statutes of the State of Washington and Ordinance No. duly passed by the City Council on April 5, 2010 (the "Bond Ordinance"). Capitalized terms used in this bond have the meanings given such terms in the Bond Ordinance. This bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Bond Ordinance until the Certificate of Authentication hereon shall have been manually signed by or on behalf of the Bond Registrar or its duly designated agent. This bond is one of an authorized issue of bonds of like date, tenor, rate of interest and date of maturity, except as to number and amount in the aggregate principal amount of $ and is issued pursuant to the Bond Ordinance to refund certain outstanding limited tax general obligation bonds of the City and to pay costs of issuance. The bonds of this issue are subject to redemption prior to their scheduled maturities as provided in the Bond Ordinance and in the Bond Purchase Agreement. The City hereby irrevocably covenants and agrees with the owner of this bond that it will include in its annual budget and levy taxes annually, within and as a part of the tax levy permitted to the City without a vote of the electorate, upon all the property subject to taxation in amounts sufficient, together with other money legally available therefor, to pay the principal of and interest on this bond as the same shall become due. The full faith, credit and resources of the City are hereby irrevocably pledged for the annual levy and collection of such taxes and the prompt payment of such principal and interest. The bonds of this issue have been designated as "qualified tax-exempt obligations" for purposes of Section 265(b) of the Internal Revenue Code of 1986. The bonds of this issue are not private activity bonds. The pledge of tax levies for payment of principal of and interest on the bonds may be discharged prior to maturity of the bonds by making provision for the payment thereof on the terms and conditions set forth in the Bond Ordinance. It is hereby certified that all acts, conditions and things required by the Constitution and statutes of the State of Washington to exist, to have happened, been done and performed precedent to and in the issuance of this bond have happened, been done and performed and that the issuance of this bond and the bonds of this issue does not violate any constitutional, statutory or other limitation upon the amount of bonded indebtedness that the City may incur. -18- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 131 of 169 ORDINANCE NO. IN WITNESS WHEREOF, the City of Renton, Washington has caused this bond to be executed by the manual or facsimile signatures of the Mayor and City Clerk and the seal of the City imprinted, impressed or otherwise reproduced hereon as of this day of , 2010. [SEAL] CITY OF RENTON, WASHINGTON By /s/ manual or facsimile Mayor ATTEST: Is/ manual or facsimile City Clerk The Bond Registrar's Certificate of Authentication on the Bonds shall be in substantially the following form: CERTIFICATE OF AUTHENTICATION This bond is one of the bonds described in the within mentioned Bond Ordinance and is one of the Limited Tax General Obligation Refunding Bonds, 2010 of the City of Renton, Washington, dated , 2010. WASHINGTON STATE FISCAL AGENCY, as Bond Registrar By Section 7. Execution of the Bonds. The Bonds shall be executed on behalf of the City with the manual or facsimile signatures of the Mayor and Clerk of the City, and the seal of the City shall be impressed, imprinted or otherwise reproduced thereon. Only such Bonds as shall bear thereon a Certificate of Authentication in the form hereinbefore recited, manually executed by the Bond Registrar, shall be valid or obligatory for any purpose or entitled to the benefits of this ordinance. Such Certificate of Authentication -19-P:\20358 DGV20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 132 of 169 ORDINANCE NO. shall be conclusive evidence that the Bonds so authenticated have been duly executed, authenticated and delivered hereunder and are entitled to the benefits of this ordinance. In case either of the officers who shall have executed the Bonds shall cease to be an officer or officers of the City before the Bonds so signed shall have been authenticated or delivered by the Bond Registrar, or issued by the City, such Bonds may nevertheless be authenticated, delivered and issued and upon such authentication, delivery and issuance, shall be as binding upon the City as though those who signed the same had continued to be such officers of the City. Any Bond may be signed and attested on behalf of the City by such persons who at the date of the actual execution of such Bond, are the proper officers of the City, although at the original date of such Bond any such person shall not have been such officer of the City. Section 8. Refunding Procedures. (a) Designation of Refunded Bonds. All or some of the 2001 Bonds maturing on and after December 1, 2012 as outlined in the recitals to this ordinance may be refunded and refinanced with the proceeds of the Bonds authorized by this ordinance. Pursuant to the terms described in Section 12, the Designated City Representative may select some or all of the callable 2001 Bonds and designate those bonds as the "Refunded Bonds" at or prior to the time of sale of the Bonds. (b) Creation of Refunding Account. A special account is hereby authorized to be created by the Finance Director, which account is to be drawn for the sole purpose of paying (or purchasing Government Obligations, which obligations so purchased, are herein called "Acquired Obligations") maturing in such amounts and at such times as to pay) the principal of -20- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 133 of 169 ORDINANCE NO. and premium, if any, and interest on the Refunded Bonds. The special account shall be held as a trust fund for the benefit of the owners of the Refunded Bonds, wholly segregated from all other funds and securities on deposit with the Finance Director. The Finance Director shall not allow the assets or amounts on deposit for the benefit of the Refunded Bonds to be commingled with any other funds or securities of the City. The Finance Director shall cause the assets and amounts on deposit in such special account to be held and disposed of only as set forth in this section. (c) Application of Bond Proceeds. A portion of the Net Proceeds of the Bonds (exclusive of any amounts designated by the Designated City Representative to be used to pay costs of issuance of the Bonds), together with other available funds of the City in the amount specified by the Designated City Representative, if any, shall be applied at the direction of the Designated City Representative to purchase the Acquired Obligations to be used to redeem the Refunded Bonds on their redemption date. (d) Defeasance of Refunded Bonds. The Net Proceeds of the Bonds so deposited shall be utilized immediately upon receipt thereof to redeem Refunded Bonds or to purchase the Government Obligations specified by the Designated City Representative and to maintain such necessary beginning cash balance to defease the Refunded Bonds and to discharge the other obligations of the City relating thereto under the 2001 Bond Ordinance, by providing for the payment of the interest on the Refunded Bonds to the date fixed for redemption and the redemption price on the redemption date for the Refunded Bonds. When the final transfers have been made for the payment of such redemption price and interest on the Refunded -21-P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 134 of 169 ORDINANCE NO. Bonds, any balance then remaining shall be used for the purposes specified by the Designated City Representative. (e) Redemption of Refunded Bonds. The Council authorizes the Designated City Representative to call the Refunded Bonds that are callable for redemption on the redemption date specified by the Designated City Representative in accordance with the 2001 Bond Ordinance. Said defeasance and call for redemption of the Refunded Bonds shall be irrevocable after the deposit of the proceeds of the Bonds as described in Section 8(c). The Designated City Representative is hereby authorized and directed to provide for the giving of irrevocable notice of the redemption of the callable Refunded Bonds in accordance with the terms of the 2001 Bond Ordinance. The Finance Director is authorized and directed to provide whatever assistance is necessary to accomplish such redemption and the giving of notice therefor. (f) Escrow Agent and Escrow Agreement. The Designated City Representative is hereby authorized and directed to solicit proposals from and select a financial institution to serve as the Escrow Agent for the Refunded Bonds (the "Escrow Agent"). A beginning cash balance, if any, and Acquired Obligations shall be deposited irrevocably with the Escrow Agent in an amount sufficient to defease the Refunded Bonds. The proceeds of the Bonds remaining in the Refunding Account after acquisition of the Acquired Obligations and provision for the necessary beginning cash balance shall be utilized to pay expenses of the acquisition and safekeeping of the Acquired Obligations and expenses of the issuance of the Bonds. The Designated City Representative is authorized to execute and deliver to the Escrow Agent an -22" P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 135 of 169 ORDINANCE NO. Escrow Agreement substantially in the form attached hereto as Exhibit A, with such changes or modifications as the Designated City Representative, with the advice of bond counsel to the City, consider necessary or advisable. The City hereby irrevocably sets aside for and pledges to the payment of the Refunded Bonds the moneys and obligations to be deposited with the Escrow Agent pursuant to the Escrow Agreement to accomplish the plan of refunding and defeasance of the Refunded Bonds set forth herein and in the Escrow Agreement. When all of the Refunded Bonds shall have been redeemed and retired, the Designated City Representative may cause any remaining money to be transferred to the Bond Fund for the purposes set forth below. Section 9. Tax Covenants. The City covenants that it will not take or permit to be taken on its behalf any action that would adversely affect the exemption from federal income taxation of the interest on the Bonds and will take or require to be taken such acts as may reasonably be within its ability and as may from time to time be required under applicable law to continue the exemption from federal income taxation of the interest on the Bonds. (a) Arbitrage Covenant. Without limiting the generality of the foregoing, the City covenants that it will not take any action or fail to take any action with respect to the proceeds of sale of the Bonds or any other funds of the City which may be deemed to be proceeds of the Bonds pursuant to Section 148 of the Code and the regulations promulgated thereunder which, if such use had been reasonably expected on the dates of delivery of the Bonds to the initial purchasers thereof, would have caused the Bonds to be treated as "arbitrage bonds" within the meaning of such term as used in Section 148 of the Code. -23-P:\20358 DG\20358 OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 136 of 169 ORDINANCE NO. The City will comply with the requirements of Section 148 of the Code and the applicable regulations thereunder throughout the term of the Bonds. (b) Private Person Use Limitation for Bonds. The City covenants that for as long as the Bonds are outstanding, it will not permit: (i) more than 10% of the Net Proceeds of the Bonds to be allocated to any Private Person Use; and (ii) more than 10% of the principal or interest payments on the Bonds in a Bond Year to be directly or indirectly secured by any interest in property used or to be used for any Private Person Use or secured by payments in respect of property used or to be used for any Private Person Use, or derived from payments (whether or not made to the City) in respect of property, or borrowed money, used or to be used for any Private Person Use. The City further covenants that, if: (i) more than five percent of the Net Proceeds of the Bonds are allocable to any Private Person Use; and (ii) more than five percent of the principal or interest payments on the Bonds in a Bond Year are (under the terms of this ordinance or any underlying arrangement) directly or indirectly secured by any interest in property used or to be used for any Private Person Use or secured by payments in respect of property used or to be used for any Private Person Use, or derived from payments (whether or not made to the City) in respect of property, or borrowed money, used or to be used for any Private Person Use, then, any Private Person Use of the projects refinanced by the proceeds of the Bonds or Private Person Use payments that is in excess of the five percent limitations described above will be for a Private Person Use that is related to the state or local governmental use of the projects refinanced by the proceeds of the Bonds, and any Private Person Use will not exceed the amount of Net Proceeds of the Bonds allocable to the state or local governmental use portion -24" P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 137 of 169 ORDINANCE NO. of the project(s) to which the Private Person Use of such portion of the projects refinanced by the proceeds of the Bonds relate. The City further covenants that it will comply with any limitations on the use of the projects refinanced by the proceeds of the Bonds by other than state and local governmental users that are necessary, in the opinion of its bond counsel, to preserve the tax exemption of the interest on the Bonds. (c) Modification of Tax Covenants. The covenants of this section are specified solely to assure the continued exemption from regular income taxation of the interest on the Bonds. To that end, the provisions of this section may be modified or eliminated without any requirement for formal amendment thereof upon receipt of an opinion of the City's bond counsel that such modification or elimination will not adversely affect the tax exemption of interest on any Bonds. (d) Designation under Section 265(b). The City hereby designates the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code. The City does not anticipate issuing more than $30,000,000 of tax-exempt obligations during 2010 (excluding obligations permitted by the Code to be excluded for purposes of the City's qualification as a qualified small issuer). Section 10. Bond Fund; Provision for Payment. The City is hereby authorized to establish or maintain a fund to be used for the payment of debt service the Bonds, designated as the "City of Renton Limited Tax General Obligation Bond Debt Service Fund" (the "Bond Fund"). No later than the date each payment of principal of and/or interest on the Bonds matures or becomes due and payable, the City shall transmit sufficient funds, from the Bond Fund or from other legally available sources to the Bond Registrar for the payment of such -25-P:\20358_DG\20358_OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 138 of 169 ORDINANCE NO. principal and/or interest. Money in the Bond Fund not needed to pay the interest or principal next coming due may temporarily be deposited in legal investments for City funds. The City hereby irrevocably covenants and agrees for as long as any of the Bonds are outstanding and unpaid that each year it will include in its budget and levy an ad valorem tax upon all the property within the City subject to taxation in an amount that will be sufficient, together with all other revenues and money of the City legally available for such purposes, to pay the principal of and interest on the Bonds as the same shall become due. The City hereby irrevocably pledges that the annual tax provided for herein to be levied for the payment of such principal and interest shall be within and as a part of the tax levy permitted to cities without a vote of the people, and that a sufficient portion of each annual levy to be levied and collected by the City prior to the full payment of the principal of and interest on the Bonds will be and is hereby irrevocably set aside, pledged and appropriated for the payment of the principal of and interest on the Bonds. The full faith, credit and resources of the City are hereby irrevocably pledged for the annual levy and collection of said taxes and for the prompt payment of the principal of and interest on the Bonds as the same shall become due. Section 11. Defeasance. In the event that the City, in order to effect the payment, retirement or redemption of any Bond, sets aside in the Bond Fund or in another special account, cash or noncallable Government Obligations, or any combination of cash and/or noncallable Government Obligations, in amounts and maturities which, together with the known earned income therefrom, are sufficient to redeem or pay and retire such Bond in accordance with its terms and to pay when due the interest and redemption premium, if any, -26" P:\20358_DG\20358_OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 139 of 169 ORDINANCE NO. thereon, and such cash and/or noncallable Government Obligations are irrevocably set aside and pledged for such purpose, then no further payments need be made into the Bond Fund for the payment of the principal of and interest on such Bond. The owner of a Bond so provided for shall cease to be entitled to any lien, benefit or security of this ordinance except the right to receive payment of principal, premium, if any, and interest from the Bond Fund or such special account, and such Bond shall be deemed to be not outstanding under this ordinance. The City shall give written notice of defeasance to the owners of all Bonds so provided for within 30 days of the defeasance and to each party entitled to receive notice in accordance with Section 14 of this ordinance. Section 12. Sale of the Bonds. The Bonds shall be sold by negotiated sale to the Underwriter pursuant to the terms of the Bond Purchase Agreement. The Designated City Representative is hereby authorized to negotiate terms for the purchase of the Bonds and execute the Bond Purchase Agreement, with such terms as are approved the Designated City Representative pursuant to this section and consistent with this ordinance. The Underwriter has advised the Council that market conditions are fluctuating and, as a result, the most favorable market conditions may occur on a day other than a regular meeting date of the Council. The Council has determined that it would be in the best interest of the City to delegate to the Designated City Representative for a limited time the authority to determine whether to proceed with the refunding of the Refunded Bonds, to designate which of the callable 2001 Bonds shall be the Refunded Bonds, and to approve the final interest rates, maturity dates, aggregate principal amount, redemption rights and principal amounts of each maturity of the Bonds. The Designated City Representative is hereby authorized to determine whether to -27-P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 140 of 169 ORDINANCE NO. proceed with the refunding of the Refunded Bonds if and to the extent that the aggregate savings to be realized as a result of the refunding of the Refunded Bonds (i.e., the present value of (i) the aggregate debt service on the Refunded Bonds minus (ii) the aggregate debt service on the Refunding Bonds, after payment of all costs of issuance of the Bonds), exceed the Savings Target. The Designated City Representative is further authorized to approve the final interest rates, maturity dates, aggregate principal amount, and principal amounts of each maturity of the Bonds in the manner provided hereafter so long as (i) the aggregate principal amount of all Bonds does not exceed $6,800,000; and (ii) the true interest cost for the Bonds does not exceed 4%. In determining whether or not to proceed with bond insurance and determining the final interest rates, aggregate principal amounts, principal maturities and redemption rights, the Designated City Representative shall take into account those factors that, in such individual's judgment, will result in the lowest true interest cost on the Bonds to their maturity, including, but not limited to current financial market conditions and current interest rates for obligations comparable in tenor and quality to the Bonds. Subject to the terms and conditions set forth in this section, the Designated City Representative is hereby authorized to execute the final form of the Bond Purchase Agreement, upon the Designated City Representative's designation of the Refunded Bonds and approval of the final interest rates, aggregate principal amount, principal maturities and redemption rights set forth therein. Following the execution of the Bond Purchase Agreement, the Designated City Representative shall provide a report to the Council, describing the final terms of the Bonds approved pursuant to the authority delegated in this section. The authority granted to the -28- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 141 of 169 ORDINANCE NO. Designated City Representative by this section shall expire 120 days after the date of approval of this ordinance. If a Bond Purchase Agreement for the Bonds has not been executed within 120 days after the date of final approval of this ordinance, the authorization for the issuance of the Bonds shall be rescinded, and the Bonds shall not be issued nor their sale approved unless such Bonds shall have been re-authorized by ordinance of the Council. The ordinance re- authorizing the issuance and sale of such Bonds may be in the form of a new ordinance repealing this ordinance in whole or in part or may be in the form of an amendatory ordinance approving a bond purchase agreement or establishing terms and conditions for the authority delegated under this ordinance. Upon the passage and approval of this ordinance, the proper officials of the City including the Designated City Representative, are authorized and directed to undertake all actions necessary for the prompt execution and delivery of the Bonds to the Underwriter thereof and further to execute all closing certificates and documents required to effect the closing and delivery of the Bonds in accordance with the terms of the Bond Purchase Agreement. The Finance Director is authorized to ratify and to approve for purposes of the Rule, on behalf of the City, the preliminary Official Statement and Official Statement (as defined in the Bond Purchase Agreement) relating to the issuance and sale of the Bonds and the distribution of the preliminary Official Statement and Official Statement pursuant thereto with such changes, if any, as may be deemed by him to be appropriate. The preliminary Official Statement for the Bonds is hereby deemed final for the purposes of the Rule. -29-P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 142 of 169 ORDINANCE NO. Section 13. Bond Insurance. The Finance Director is hereby further authorized to solicit proposals from municipal bond insurance companies for the issuance of a Bond Insurance Policy. In the event that the Finance Director receives multiple proposals in response to a solicitation, the Finance Director may select the proposal having the lowest cost and resulting in an overall lower interest cost with respect to the Bonds to be insured. The Finance Director may execute a commitment received from the Insurer selected by the Finance Director. The Council further authorizes all proper officers, agents, attorneys and employees of the City to cooperate with the Insurer in preparing such additional agreements, certificates, and other documentation on behalf of the City as shall be necessary or advisable in providing for the Bond Insurance Policy. Section 14. Continuing Disclosure Undertaking. (a) Contract/Undertaking. This section constitutes the City's written undertaking for the benefit of the owners of the Bonds as required by Section (b)(5) of the Rule. (b) Financial Statements/Operating Data. The City agrees to provide or cause to be provided to the Municipal Securities Rulemaking Board ("MSRB"), the following annual financial information and operating data for the prior fiscal year (commencing in 2011 for the fiscal year ended December 31, 2010): 1. Annual financial statements, which statements may or may not be audited, showing ending fund balances for the City's general fund prepared in accordance with the Budgeting Accounting and Reporting System prescribed by the Washington State Auditor pursuant to RCW 43.09.200 (or any successor statute); 2. The assessed valuation of taxable property in the City; -30- P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 143 of 169 ORDINANCE NO. 3. Ad valorem taxes due and percentage of taxes collected; 4. Property tax levy rate per $1,000 of assessed valuation; and 5. Outstanding general obligation debt of the City. Items 2-5 shall be required only to the extent that such information is not included in the annual financial statements. The information and data described above shall be provided on or before nine months after the end of the City's fiscal year. The City's current fiscal year ends December 31. The City may adjust such fiscal year by providing written notice of the change of fiscal year to the MSRB. In lieu of providing such annual financial information and operating data, the City may cross-reference to other documents available to the public on the MSRB's internet website. If not provided as part of the annual financial information discussed above, the City shall provide the City's audited annual financial statement prepared in accordance with the Budgeting Accounting and Reporting System prescribed by the Washington State Auditor pursuant to RCW 43.09.200 (or any successor statute) when and if available to the MSRB. (c) Material Events. The City agrees to provide or cause to be provided, in a timely manner to the MSRB notice of the occurrence of any of the following events with respect to the Bonds, if material: • Principal and interest payment delinquencies; • Non-payment related defaults; • Unscheduled draws on debt service reserves reflecting financial difficulties; • Unscheduled draws on credit enhancements reflecting financial difficulties; • Substitution of credit or liquidity providers, or their failure to perform; -31- P:\20358 DG\20358 OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 144 of 169 ORDINANCE NO. • Adverse tax opinions or events affecting the tax-exempt status of the Bonds; • Modifications to the rights of Bond owners; • Bond calls (optional, contingent or unscheduled Bond calls other than scheduled sinking fund redemptions for which notice is given pursuant to Exchange Act Release 34-23856); • Defeasances; • Release, substitution or sale of property securing repayment of the Bonds; and • Rating changes. Solely for purposes of disclosure, and not intending to modify this undertaking, the City advises that no debt service reserves or property secures payment of the Bonds. (d) Notification Upon Failure to Provide Financial Data. The City agrees to provide or cause to be provided, in a timely manner, to the MSRB notice of its failure to provide the annual financial information described in subsection (b) above on or prior to the date set forth in subsection (b) above. (e) Emma; Format for Filings with the MSRB. Until otherwise designated by the MSRB or the Commission, any information or notices submitted to the MSRB in compliance with the Rule are to be submitted through the MSRB's Electronic Municipal Market Access system ("EMMA"), currently located at www.emma.msrb.org. All notices, financial information and operating data required by this undertaking to be provided to the MSRB must be in an electronic format as prescribed by the MSRB. All documents provided to the MSRB pursuant to this undertaking must be accompanied by identifying information as prescribed by the MSRB. -32" P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 145 of 169 ORDINANCE NO. (f) Termination/Modification. The City's obligations to provide annual financial information and notices of material events shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. Any provision of this section shall be null and void if the City (1) obtains an opinion of nationally recognized bond counsel to the effect that the portion of the Rule that requires that provision is invalid, has been repealed retroactively or otherwise does not apply to the Bonds and (2) notifies the MSRB of such opinion and the cancellation of this section. The City may amend this section with an opinion of nationally recognized bond counsel in accordance with the Rule. In the event of any amendment of this section, the City shall describe such amendment in the next annual report, and shall include a narrative explanation of the reason for the amendment and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the City. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a material event under subsection (c) and (ii)the annual report for the year in which the change is made shall present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. (g) Bond Owner's Remedies Under This Section. The right of any bondowner or beneficial owner of Bonds to enforce the provisions of this section shall be limited to a right to obtain specific enforcement of the City's obligations under this section, and any failure by the City to comply with the provisions of this undertaking shall not be an event of default with -33-P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 146 of 169 ORDINANCE NO. respect to the Bonds. For purposes of this section, "beneficial owner" means any person who has the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, any Bonds, including persons holding Bonds through nominees or depositories. Section 15. Lost, Stolen or Destroyed Bonds. In case any Bond or Bonds shall be lost, stolen or destroyed, the Bond Registrar may execute and deliver a new Bond or Bonds of like date, number and tenor to the Registered Owner thereof upon the Registered Owner's paying the expenses and charges of the City and the Bond Registrar in connection therewith and upon his/her filing with the City evidence satisfactory to the City that such Bond was actually lost, stolen or destroyed and of his/her ownership thereof, and upon furnishing the City and/or the Bond Registrar with indemnity satisfactory to the City and the Bond Registrar. Section 16. Severability. If any one or more of the covenants or agreements provided in this ordinance to be performed on the part of the City shall be declared by any court of competent jurisdiction to be contrary to law, then such covenant or covenants, agreement or agreements, shall be null and void and shall be deemed separable from the remaining covenants and agreements of this ordinance and shall in no way affect the validity of the other provisions of this ordinance or of the Bonds. -34" P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 147 of 169 ORDINANCE NO. Section 17. Effective Date of Ordinance. This ordinance shall be effective upon its passage, approval, and five (5) days after publication. PASSED BY THE CITY COUNCIL this 5th day of April, 2010. Bonnie I. Walton, City Clerk APPROVED BY THE MAYOR this 5th day of April, 2010. Approved as to form: Deanna Gregory K&L Gates LLP Bond Counsel Date of Publication: Denis Law, Mayor -35-P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 148 of 169 EXHIBIT A ESCROW DEPOSIT AGREEMENT CITY OF RENTON, WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2010 THIS ESCROW AGREEMENT, dated as of , 2010 (herein, together with any amendments or supplements hereto, called the "Agreement") is entered into by and between the City of Renton, Washington (herein called the "City") and , , as escrow agent (herein, together with any successor in such capacity, called the "Escrow Agent"). The notice addresses of the City and the Escrow Agent are shown on Exhibit A attached hereto and made a part hereof. WITNESSETH: WHEREAS, the City heretofore has issued and there presently remain outstanding the obligations described in Exhibit B attached hereto (the "Refunded Bonds"); and WHEREAS, pursuant to Ordinance No. passed on April 5, 2010 (the "Bond Ordinance"), the City has determined to issue its Limited Tax General Obligation Refunding Bonds, 2010 (the "Bonds"); and WHEREAS, a portion of the proceeds of the Bonds are being used for the purpose of providing funds to pay the costs of refunding the Refunded Bonds; and WHEREAS, , certified public accountants, has prepared a verification report which is dated , 2010 (the "Verification Report") relating to the source and use of funds available to accomplish the refunding of the Refunded Bonds, the investment of such funds and the adequacy of such funds and investments to provide for the payment of the debt service due on the Refunded Bonds; and WHEREAS, pursuant to the Bond Ordinance, the Refunded Bonds have been designated for redemption prior to their scheduled maturity dates and, after provision is made for such redemption, the Refunded Bonds will come due in such years, bear interest at such rates, and be payable at such times and in such amounts as are set forth in Exhibit C attached hereto and made a part hereof; and WHEREAS, when Escrowed Securities have been deposited with the Escrow Agent for the payment of all principal and interest of the Refunded Bonds when due, then the Refunded Bonds shall no longer be regarded as outstanding except for the purpose of receiving payment from the funds provided for such purpose; and A-l P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 149 of 169 WHEREAS, the issuance, sale, and delivery of the Refunding Bonds have been duly authorized to be issued, sold, and delivered for the purpose of obtaining the funds required to provide for the payment of the principal of, interest on and redemption premium (if any) on the Refunded Bonds when due as shown on Exhibit C attached hereto; NOW, THEREFORE, in consideration of the mutual undertakings, promises and agreements herein contained, the sufficiency of which hereby are acknowledged, and to secure the full and timely payment of principal of and the interest on the Refunded Bonds, the City and the Escrow Agent mutually undertake, promise and agree for themselves and their respective representatives and successors, as follows: Article 1. Definitions Section 1.1. Definitions. Unless the context clearly indicates otherwise, the following terms shall have the meanings assigned to them below when they are used in this Agreement: Escrow Fund means the fund created by this Agreement to be established, held and administered by the Escrow Agent pursuant to the provisions of this Agreement. Escrowed Securities means the noncallable Government Obligations described in Exhibit D attached to this Agreement, or cash or other noncallable obligations substituted therefor pursuant to Section 4.2 of this Agreement. Government Obligations means direct, noncallable (a) United States Treasury Obligations, (b) United States Treasury Obligations - State and Local Government Series, (c) non-prepayable obligations which are unconditionally guaranteed as to full and timely payment of principal and interest by the United States of America or (d) REFCORP debt obligations unconditionally guaranteed by the United States. Paying Agent means the fiscal agency of the State of Washington, as the paying agent forthe Refunded Bonds. Refunding Bonds means that portion of the Bonds authorized under the Bond Ordinance for the purpose of refunding the Refunded Bonds. Section 1.2. Other Definitions. The terms "Agreement," "City," "Escrow Agent," "Bond Ordinance," "Verification Report," "Refunded Bonds," and "Bonds" when they are used in this Agreement, shall have the meanings assigned to them in the preamble to this Agreement. A-2 P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 150 of 169 Section 1.3. Interpretations. The titles and headings of the articles and sections of this Agreement have been inserted for convenience and reference only and are not to be considered a part hereof and shall not in any way modify or restrict the terms hereof. This Agreement and all of the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth herein and to achieve the intended purpose of providing for the refunding of the Refunded Bonds in accordance with applicable law. Article 2. Deposit of Funds and Escrowed Securities Section 2.1. Deposits in the Escrow Fund. Concurrently with the sale and delivery of the Refunding Bonds the City shall deposit, or cause to be deposited, with the Escrow Agent, for deposit in the Escrow Fund, the funds (from the proceeds of the Refunding Bonds and a cash contribution by the City) sufficient to purchase the Escrowed Securities and pay costs of issuance described in Exhibit D, and the Escrow Agent shall, upon the receipt thereof, acknowledge such receipt to the City in writing. Article 3. Creation and Operation of Escrow Fund Section 3.1. Escrow Fund. The Escrow Agent has created on its books a special trust fund and irrevocable escrow to be known as the Refunding Account (the "Escrow Fund"). The Escrow Agent hereby agrees that upon receipt thereof it will deposit to the credit of the Escrow Fund the funds and the Escrowed Securities described in Exhibit D attached hereto. Such deposit, all proceeds therefrom, and all cash balances from time to time on deposit therein (a) shall be the property of the Escrow Fund, (b) shall be applied only in strict conformity with the terms and conditions of this Agreement, and (c) are hereby irrevocably pledged to the payment of the principal of and interest on the Refunded Bonds, which payment shall be made by timely transfers of such amounts at such times as are provided for in Section 3.2 hereof. When the final transfers have been made for the payment of such principal of and interest on the Refunded Bonds, any balance then remaining in the Escrow Fund shall be transferred to the City, and the Escrow Agent shall thereupon be discharged from any further duties hereunder. Section 3.2. Payment of Principal and Interest. The Escrow Agent is hereby irrevocably instructed to transfer to the Paying Agent from the cash balances from time to time on deposit in the Escrow Fund, the amounts required to pay the principal of the Refunded Bonds at their respective redemption dates and interest thereon to such redemption dates in the amounts and at the times shown in Exhibit C attached hereto. A-3 P:\20358_DG\20358_OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 151 of 169 Section 3.3. Sufficiency of Escrow Fund. The City represents that, based upon the information provided in the Verification Report, the successive receipts of the principal of and interest on the Escrowed Securities will assure that the cash balance on deposit from time to time in the Escrow Fund will be at all times sufficient to provide moneys for transfer to the Paying Agent at the times and in the amounts required to pay the interest on the Refunded Bonds as such interest comes due and the principal of the Refunded Bonds as the Refunded Bonds are paid on an optional redemption date prior to maturity, all as more fully set forth in Exhibit E attached hereto. If, for any reason, at any time, the cash balances on deposit or scheduled to be on deposit in the Escrow Fund shall be insufficient to transfer the amounts required by the Paying Agent to make the payments set forth in Section 3.2. hereof, the City shall timely deposit in the Escrow Fund, from any funds that are lawfully available therefor, additional funds in the amounts required to make such payments. Notice of any such insufficiency shall be given promptly as hereinafter provided, but the Escrow Agent shall not in any manner be responsible for any insufficiency of funds in the Escrow Fund or the City's failure to make additional deposits thereto. Section 3.4. Trust Fund. The Escrow Agent or its affiliate, shall hold at all times the Escrow Fund, the Escrowed Securities and all other assets of the Escrow Fund, wholly segregated from all other funds and securities on deposit with the Escrow Agent; it shall never allow the Escrowed Securities or any other assets of the Escrow Fund to be commingled with any other funds or securities of the Escrow Agent; and it shall hold and dispose of the assets of the Escrow Fund only as set forth herein. The Escrowed Securities and other assets of the Escrow Fund shall always be maintained by the Escrow Agent as trust funds for the benefit of the owners of the Refunded Bonds; and a special account thereof shall at all times be maintained on the books of the Escrow Agent. The owners of the Refunded Bonds shall be entitled to the same preferred claim and first lien upon the Escrowed Securities, the proceeds thereof, and all other assets of the Escrow Fund to which they are entitled as owners of the Refunded Bonds. The amounts received by the Escrow Agent under this Agreement shall not be considered as a banking deposit by the City, and the Escrow Agent shall have no right to title with respect thereto except as a trustee and Escrow Agent under the terms of this Agreement. The amounts received by the Escrow Agent under this Agreement shall not be subject to warrants, drafts or checks drawn by the City or, except to the extent expressly herein provided, by the Paying Agent. Article 4. Limitation on Investments Section 4.1. Investments. Except for the initial investment in the Escrowed Securities, and except as provided in Section 4.2 hereof, the Escrow Agent shall not have any power or duty to invest or reinvest any A-4 P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 152 of 169 money held hereunder, or to make substitutions of the Escrowed Securities, or to sell, transfer, or otherwise dispose of the Escrowed Securities. Section 4.2. Substitution of Securities. At the written request of the City, and upon compliance with the conditions hereinafter stated, the Escrow Agent shall utilize cash balances in the Escrow Fund, or sell, transfer, otherwise dispose of or request the redemption of the Escrowed Securities and apply the proceeds therefrom to purchase Refunded Bonds or Government Obligations which do not permit the redemption thereof at the option of the obligor. Any such transaction may be effected by the Escrow Agent only if (a) the Escrow Agent shall have received a written opinion from a firm of certified public accountants that such transaction will not cause the amount of money and securities in the Escrow Fund to be reduced below an amount sufficient to provide for the full and timely payment of principal of and interest on all of the remaining Refunded Bonds as they become due, taking into account any optional redemption thereof exercised by the City in connection with such transaction; and (b) the Escrow Agent shall have received the unqualified written legal opinion of its bond counsel or tax counsel to the effect that such transaction will not cause any of the Refunding Bonds or Refunded Bonds to be an "arbitrage bond" within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended. Article 5. Application of Cash Balances Section 5.1. In General. Except as provided in Section 2.1, 3.2 and 4.2 hereof, no withdrawals, transfers or reinvestment shall be made of cash balances in the Escrow Fund. Cash balances shall be held by the Escrow Agent in United States currency as cash balances as shown on the books and records of the Escrow Agent and, except as provided herein, shall not be reinvested by the Escrow Agent; provided, however, a conversion to currency shall not be required (i) for so long as the Escrow Agent's internal rate of return does not exceed 20%, or (ii) if the Escrow Agent's internal rate of return exceeds 20%, the Escrow Agent receives a letter of instructions, accompanied by the opinion of nationally recognized bond counsel, approving the assumed reinvestment of such proceeds at such higher yield. Article 6. Redemption of Refunded Bonds Section 6.1. Call for Redemption. The City hereby irrevocably calls the Refunded Bonds for redemption on their earliest redemption dates, as shown in the Verification Report and on Appendix A attached hereto. A-5 P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 153 of 169 Section 6.2. Notice of Redemption/Notice of Defeasance. The Escrow Agent agrees to give a notice of defeasance and a notice of the redemption of the Refunded Bonds pursuant to the terms of the Refunded Bonds and in substantially the forms attached hereto as Appendices A and B attached hereto and as described on said Appendices A and B to the Paying Agent for distribution as described therein. The notice of defeasance shall be given immediately following the execution of this Agreement, and the notice of redemption shall be given in accordance with the ordinance authorizing the Refunded Bonds. The Escrow Agent hereby certifies that provision satisfactory and acceptable to the Escrow Agent has been made for the giving of notice of redemption of the Refunded Bonds. Article 7. Records and Reports Section 7.1. Records. The Escrow Agent will keep books of record and account in which complete and accurate entries shall be made of all transactions relating to the receipts, disbursements, allocations and application of the money and Escrowed Securities deposited to the Escrow Fund and all proceeds thereof, and such books shall be available for inspection during business hours and after reasonable notice. Section 7.2. Reports. While this Agreement remains in effect, the Escrow Agent quarterly shall prepare and send to the City a written report summarizing all transactions relating to the Escrow Fund during the preceding financial quarter, including, without limitation, credits to the Escrow Fund as a result of interest payments on or maturities of the Escrowed Securities and transfers from the Escrow Fund for payments on the Refunded Bonds or otherwise, together with a detailed statement of all Escrowed Securities and the cash balance on deposit in the Escrow Fund as of the end of such period. Article 8. Concerning the Paying Agents and Escrow Agent Section 8.1. Representations. The Escrow Agent hereby represents that it has all necessary power and authority to enter into this Agreement and undertake the obligations and responsibilities imposed upon it herein, and that it will carry out all of its obligations hereunder. Section 8.2. Limitation on Liability. The liability of the Escrow Agent to transfer funds for the payment of the principal of and interest on the Refunded Bonds shall be limited to the proceeds of the Escrowed Securities A-6 P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 154 of 169 and the cash balances from time to time on deposit in the Escrow Fund. Notwithstanding any provision contained herein to the contrary, the Escrow Agent shall have no liability whatsoever for the insufficiency of funds from time to time in the Escrow Fund or any failure of the obligors of the Escrowed Securities to make timely payment thereon, except for the obligation to notify the City promptly of any such occurrence. The recitals herein and in the proceedings authorizing the Refunding Bonds shall be taken as the statements of the City and shall not be considered as made by, or imposing any obligation or liability upon, the Escrow Agent. The Escrow Agent is not a party to the proceedings authorizing the Refunding Bonds or the Refunded Bonds and is not responsible for nor bound by any of the provisions thereof (except to the extent that the Escrow Agent may be a place of payment and paying agent and/or a paying agent/registrar therefor). In its capacity as Escrow Agent, it is agreed that the Escrow Agent need look only to the terms and provisions of this Agreement. The Escrow Agent makes no representations as to the value, conditions or sufficiency of the Escrow Fund, or any part thereof, or as to the title of the City thereto, or as to the security afforded thereby or hereby, and the Escrow Agent shall not incur any liability or responsibility in respect to any of such matters. It is the intention of the parties hereto that the Escrow Agent shall never be required to use or advance its own funds or otherwise incur personal financial liability in the performance of any of its duties or the exercise of any of its rights and powers hereunder. The Escrow Agent shall not be liable for any action taken or neglected to be taken by it in good faith in any exercise of reasonable care and believed by it to be within the discretion or power conferred upon it by this Agreement, nor shall the Escrow Agent be responsible for the consequences of any error of judgment; and the Escrow Agent shall not be answerable except for its own neglect or willful misconduct, nor for any loss unless the same shall have been through its negligence or bad faith. Unless it is specifically otherwise provided herein, the Escrow Agent has no duty to determine or inquire into the happening or occurrence of any event or contingency or the performance or failure of performance of the City with respect to arrangements or contracts with others, with the Escrow Agent's sole duty hereunder being to safeguard the Escrow Fund, to dispose of and deliver the same in accordance with this Agreement. If, however, the Escrow Agent is called upon by the terms of this Agreement to determine the occurrence of any event or contingency, the Escrow Agent shall be obligated, in making such determination, only to exercise reasonable care and diligence, and in event of error in making such determination the Escrow Agent shall be liable only for its own willful misconduct or its negligence. In determining the occurrence of any such event or contingency the Escrow Agent may request from the City or any other person such reasonable additional evidence as the Escrow Agent in its discretion may deem necessary to determine any fact relating to the occurrence of such A-7 P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 155 of 169 event or contingency, and in this connection may make inquiries of, and consult with, among others, the City at anytime. Section 8.3. Compensation. The City shall pay to the Escrow Agent fees for performing the services hereunder and for the expenses incurred or to be incurred by the Escrow Agent in the administration of this Agreement pursuant to the terms of the Fee Schedule attached hereto as Appendix C. The Escrow Agent hereby agrees that in no event shall it ever assert any claim or lien against the Escrow Fund for any fees for its services, whether regular or extraordinary, as Escrow Agent, or in any other capacity, or for reimbursement for any of its expenses as Escrow Agent or in any other capacity. Section 8.4. Successor Escrow Agents. Any corporation, association or other entity into which the Escrow Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or otherwise transfer all or substantially all of its corporate trust assets and business or any corporation, association or other entity resulting from any such conversion, sale, merger, consolidation or other transfer to which it is a party, ipso facto, shall be and become successor escrow agent hereunder, vested with all other matters as was its predecessor, without the execution or filing of any instrument or any further act on the part of the parties hereto, notwithstanding anything herein to the contrary. If at any time the Escrow Agent or its legal successor or successors should become unable, through operation or law or otherwise, to act as escrow agent hereunder, or if its property and affairs shall be taken under the control of any state or federal court or administrative body because of insolvency or bankruptcy or for any other reason, a vacancy shall forthwith exist in the office of Escrow Agent hereunder. In such event the City, by appropriate action, promptly shall appoint an Escrow Agent to fill such vacancy. If no successor Escrow Agent shall have been appointed by the City within 60 days, a successor may be appointed by the owners of a majority in principal amount of the Refunded Bonds then outstanding by an instrument or instruments in writing filed with the City, signed by such owners or by their duly authorized attorneys-in-fact. If, in a proper case, no appointment of a successor Escrow Agent shall be made pursuant to the foregoing provisions of this section within three months after a vacancy shall have occurred, the owner of any Refunded Bond may apply to any court of competent jurisdiction to appoint a successor Escrow Agent. Such court may thereupon, after such notice, if any, as it may deem proper, prescribe and appoint a successor Escrow Agent. Any successor Escrow Agent shall be a corporation organized and doing business under the laws of the United States or the State of Washington, authorized under such laws to exercise corporate trust powers, having its principal office and place of business in the State of A-8 P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 156 of 169 Washington, having a combined capital and surplus of at least $100,000,000 and subject to the supervision or examination by federal or state authority. Any successor Escrow Agent shall execute, acknowledge and deliver to the City and the Escrow Agent an instrument accepting such appointment hereunder, and the Escrow Agent shall execute and deliver an instrument transferring to such successor Escrow Agent, subject to the terms of this Agreement, all the rights, powers and trusts of the Escrow Agent hereunder. Upon the request of any such successor Escrow Agent, the City shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor Escrow Agent all such rights, powers and duties. The obligations assumed by the Escrow Agent pursuant to this Agreement may be transferred by the Escrow Agent to a successor Escrow Agent if (a) the requirements of this Section 8.4 are satisfied; (b) the successor Escrow Agent has assumed all the obligations of the Escrow Agent under this Agreement; and (c) all of the Escrowed Securities and money held by the Escrow Agent pursuant to this Agreement have been duly transferred to such successor Escrow Agent. Article 9. Miscellaneous Section 9.1. Notice. Any notice, authorization, request, or demand required or permitted to be given hereunder shall be in writing and shall be deemed to have been duly given when mailed by registered or certified mail, postage prepaid addressed to the City or the Escrow Agent at the address shown on Exhibit A attached hereto. The United States Post Office registered or certified mail receipt showing delivery of the aforesaid shall be conclusive evidence of the date and fact of delivery. Any party hereto may change the address to which notices are to be delivered by giving to the other parties not less than ten days prior notice thereof. Section 9.2. Termination of Responsibilities. Upon the taking of all the actions as described herein by the Escrow Agent, the Escrow Agent shall have no further obligations or responsibilities hereunder to the City, the owners of the Refunded Bonds or to any other person or persons in connection with this Agreement. Section 9.3. Binding Agreement. This Agreement shall be binding upon the City and the Escrow Agent and their respective successors and legal representatives, and shall inure solely to the benefit of the owners of the Refunded Bonds, the City, the Escrow Agent and their respective successors and legal representatives. A-9 P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 157 of 169 Section 9.4. Severability. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Agreement, but this Agreement shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein. Section 9.5. Washington Law Governs. This Agreement shall be governed exclusively by the provisions hereof and by the applicable laws of the State of Washington. Section 9.6. Time of the Essence. Time shall be of the essence in the performance of obligations from time to time imposed upon the Escrow Agent by this Agreement. Section 9.7. Notice to S&P and Fitch. In the event that this Agreement or any provision thereof is severed, amended or revoked, the City shall provide written notice of such severance, amendment or revocation to Standard & Poor's Ratings Services, 55 Water Street, New York, New York 10041, Attention: Refunded Bonds Municipal Bond Department, and to Fitch Ratings, One State Street Plaza, New York, New York, 10004, Attention: Public Finance Rating Desk/Refunded Bonds. Section 9.8. Amendments. This Agreement shall not be amended except to cure any ambiguity or formal defect or omission in this Agreement. No amendment shall be effective unless the same shall be in writing and signed by the parties thereto. No such amendment shall adversely affect the rights of the holders of the Refunded Bonds. No such amendment shall be made without first receiving written confirmation from the rating agencies (if any) which have rated the Refunded Bonds that such administrative changes will not result in a withdrawal or reduction of its rating then assigned to the Refunded Bonds. If this Agreement is amended, prior written notice and copies of the proposed changes shall be given to the rating agencies which have rated the Refunded Bonds. A-10 P:\20358 DG\20358 OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 158 of 169 EXECUTED as of the date first written above. CITY OF RENTON, WASHINGTON Designated City Representative [ESCROW AGENT] Authorized Signer Exhibit A — Addresses of the City and the Escrow Agent Exhibit B — Description of the Refunded Bonds Exhibit C — Schedule of Debt Service on Refunded Bonds Exhibit D — Description of Beginning Cash Deposit (if any) and Escrowed Securities Exhibit E — Escrow Fund Cash Flow Appendix A — Notice of Redemption forthe 2001 Bonds Appendix B — Notice of Defeasance for the 2001 Bonds Appendix C — Fee Schedule A" 11 P:\20358_DG\20358_0MY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 159 of 169 EXHIBIT A Addresses of the City and Escrow Agent City: City of Renton 1055 S.Grady Way Renton, Washington 98057 Attention: Finance and Information Services Administrator Escrow Agent: [to come] A-A-l P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 160 of 169 EXHIBIT B Description of the Refunded Bonds City of Renton, Washington Limited Tax General Obligation and Refunding Bonds, 2001 Maturity Years (December 1) Principal Amounts Interest Rates $ % A-B-l P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 161 of 169 EXHIBIT C Schedule of Debt Service on the Refunded Bonds Principal/ Date Interest Redemption Price Total A-C-l P:\20358_DG\20358_OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 162 of 169 EXHIBIT D Escrow Deposit I. Cash: $_ II. Other Obligations: Description Maturity Date Principal Amount $ Interest Rate % Total Cost Costs of Issuance: Escrow Agent Fee ( ) Bond Counsel Fee (K&L Gates) Escrow Verification Fee ( ) Preliminary Official Statement Posting Official Statement Printing/Mailing Rating Agencies (S&P/Fitch) Contingency proceeds TOTAL: A-D-l P:\20358 DG\20358 OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 163 of 169 Date Escrow Requirement EXHIBIT E Escrow Fund Cash Flow Net Escrow Receipts Excess Receipts Cash Balance A-E-l P:\20358_DG\20358_OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 164 of 169 APPENDIX A NOTICE OF REDEMPTION* City of Renton, Washington Limited Tax General Obligation and Refunding Bonds, 2001 NOTICE IS HEREBY GIVEN that the City of Renton, Washington has called for redemption on December 1, 2011 a portion of its outstanding Limited Tax General Obligation and Refunding Bonds, 2001 (the "Bonds"). The Bonds will be redeemed at a price of one hundred percent (100%) of their principal amount, plus interest accrued to December 1, 2011. The redemption price of the Bonds is payable on presentation and surrender of the Bonds at the office of: The Bank of New York Mellon Wells Fargo Bank National Worldwide Series Processing Association 2001 Bryan Street, 9th Floor -or- Corporate Trust Department Dallas, Texas 75021 14th Floor - M/S 257 999 Third Avenue Seattle, Washington 98104 Interest on all Bonds or portions thereof which are redeemed shall cease to accrue on December 1, 2011. The following Bonds are being redeemed: Maturity Years (December 1) Principal Amounts Interest Rates CUSIP Nos. % This notice shall be given not more than 60 nor less than 30 days prior to December 1, 2011 by first class mail to each registered owner of the Refunded Bonds. In addition notice shall be mailed to Piper Jaffray & Co.; The Depository Trust Company of New York, New York; Assured Guaranty Corporation (formerly Financial Security Assurance Inc.); Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, New York, New York; Fitch, Inc., New York, New York; and to the Municipal Securities Rulemaking Board. Page 1—Appendix A P:\20358_DG\20358_OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 165 of 169 By Order of the City of Renton, Washington The Bank of New York Mellon, as Paying Agent Dated: . Withholding of 28% of gross redemption proceeds of any payment made within the United States may be required by the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "Act") unless the Paying Agent has the correct taxpayer identification number (social security or employer identification number) or exemption certificate of the payee. Please furnish a properly completed Form W-9 or exemption certificate or equivalent when presenting your Bonds. Page 2—Appendix A P:\203SS_DG\20358_OMY 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 166 of 169 APPENDIX B Notice of Defeasance* City of Renton, Washington Limited Tax General Obligation and Refunding Bonds, 2001 NOTICE IS HEREBY GIVEN to the owners of that portion of the above-captioned bonds with respect to which, pursuant to an Escrow Deposit Agreement dated , 2010, by and between City of Renton, Washington (the "City") and , (the "Escrow Agent"), the City has deposited into an escrow account, held by the Escrow Agent, cash and non-callable direct obligations of the United States of America, the principal of and interest on which, when due, will provide money sufficient to pay each year, to and including the respective maturity or redemption dates of such bonds so provided for, the principal thereof and interest thereon (the "Defeased Bonds"). The Defeased Bonds will be called on December 1, 2011 at a price of 100% plus accrued interest. Such Defeased Bonds are therefore deemed to be no longer outstanding pursuant to the provisions of Ordinance No. 4922 of the City, authorizing the issuance of the Defeased Bonds, but will be paid by application of the assets of such escrow account. The Defeased Bonds are described as follows: Limited Tax General Obligation and Refunding Bonds, 2001 (Dated November 1, 2001) Maturity Years Principal Call Date (December 1) Amounts Interest Rates CUSIP Nos. (at 100%) $ % 12/1/2011 12/1/2011 12/1/2011 12/1/2011 Information for Individual Registered Owner The addressee of this notice is the registered owner of Bond Certificate No. of the Defeased Bonds described above, which certificate is in the principal amount of $ . All of which has been defeased as described above. * This notice shall be given immediately by first class mail to each registered owner of the Defeased Bonds. In addition notice shall be mailed to Piper Jaffray & Co.; Assured Guaranty Corporation (formerly Financial Security Assurance Inc.); The Depository Trust Company of New York, New York; The Bank of New York Mellon, as Paying Agent; Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, New York, New York; Fitch, Inc., New York, New York; and to the Municipal Securities Rulemaking Board. AppendiX B P:\20358_DG\203S8_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 167 of 169 APPENDIX C Fee Schedule Appendix C P:\20358_DG\20358_0MY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 168 of 169 CERTIFICATION I, the undersigned, City Clerk of the City of Renton, Washington (the "City"), hereby certify as follows: 1. The attached copy of Ordinance No. (the "Ordinance") is a full, true and correct copy of an ordinance duly passed at a regular meeting of the City Council of the City held at the regular meeting place thereof on April 5, 2010, as that ordinance appears on the minute book of the City; and the Ordinance will be in full force and effect after publication in the City's official newspaper as provided by law; and 2. A quorum of the members of the City Council was present throughout the meeting and a majority of those members present voted in the proper manner for the passage of the Ordinance. IN WITNESS WHEREOF, I have hereunto set my hand this day of April, 2010. CITY OF RENTON, WASHINGTON Bonnie Walton, City Clerk P:\20358 DG\20358 OMY 03/17/10 9a. ‐ Refinancing of 2001 Limited Term General Obligation Bonds (1st reading 3/22/2010)Page 169 of 169