HomeMy WebLinkAboutAG 24-102 - DM VENTURES FW CENTER, LLCRETURN TO: PW ADMIN EXT: 2700 ID #: 4472 (Template - 4410)
CITY OF FEDERAL WAY LAW DEPARTMENT ROUTING FORM
1. ORIGINATING DEPT/DIV: PUBLIC WORKS / Deputy Director
2. ORIGINATING STAFF PERSON: Desiree Winkler EXT: 2711 3. DATE REQ. BY:
3. TYPE OF DOCUMENT (CHECK ONE):
❑ CONTRACTOR SELECTION DOCUMENT (E.G., RFB, RFP, RFQ)
❑ PUBLIC WORKS CONTRACT ❑ SMALL OR LIMITED PUBLIC WORKS CONTRACT
❑ PROF.ESSIONAL SERVICE AGREEMENT ❑ MAINTENANCE AGREEMENT
❑ GOODS AND SERVICE AGREEMENT ❑ HUMAN SERVICES / CDBG
❑ REAL ESTATE DOCUMENT ❑ SECURITY DOCUMENT (E.G. BOND RELATED DOCUMENTS)
❑ ORDINANCE ❑ RESOLUTION
❑ CONTRACT AMENDMENT (AG#): ❑ INTERLOCAL
0 OTHER Right of Entry Agreement
4. PROJECT NAME: City Center Access Project - ROW Acquisition - Parcel 7978200535
s. NAME OF CONTRACTOR: DM Ventures FW Center, LLC
ADDRESS: 6725 116th Ave NE Ste 100 Kirkland WA 98033 TELEPHONE: 425-822-4466
E-MAIL: FAX:
SIGNATURE NAME: Michael Raskin TITLE: Governor
6. EXHIBITS AND ATTACHMENTS: ❑ SCOPE, WORK OR SERVICES ❑ COMPENSATION ❑ INSURANCE REQUIREMENTS/CERTIFICATE ❑ ALL OTHER
REFERENCED EXHIBITS ❑ PROOF OF AUTHORITY TO SIGN ❑ REQUIRED LICENSES ❑ PRIOR CONTRACT/AMENDMENTS
CFW LICENSE # BL, EXII P. 12/31/ UBI # , EXP.
7. TERM: COMMENCEMENT DATE:.TBD L-k l 118 �yLA COMPLETION DATE: 1 2/31 /25
8. TOTAL COMPENSATION: $ n/a (INCLUDE EXPENSES AND SALES TAX, IF ANY)
(IF CALCULATED ON HOURLY LABOR CHARGE - ATTACH SCHEDULES OF EMPLOYEES TITLES AND HOLIDAY RATES)
REIMBURSABLE EXPENSE: 13 YES ❑ NO IF YES, MAXIMUM DOLLAR AMOUNT: $
IS SALES TAX OWED: ❑ YES ❑ NO IF YES, $ PAID BY: ❑ CONTRACTOR ❑ CITY
RETAINAGE: RETAINAGE AMOUNT: ❑ RETAINAGE AGREEMENT (SEE CONTRACT) OR ❑ RETAINAGE BOND PROVIDED
O PURCHASING: PLEASE CHARGE TO:
9. DOCUMENT / CONTRACT REVIEW INITIAL / DATE REVIEWED INITIAL / DATE APPROVED
❑ PROJECT MANAGER
❑ DIVISION MANAGER
A DEPUTY DIRECTOR DSw 3/12/24
6 DIRECTOR EJW 3/14/2024
❑ RISK MANAGEMENT (IF APPLICABLE)
d LAW DEPT KVA3/14/2024
10. COUNCIL APPROVAL (IF APPLICABLE) SCHEDULED COMMITTEE DATE: COMMITTEE APPROVAL DATE:
SCHEDULED COUNCIL DATE: COUNCIL APPROVAL DATE:
11. CONTRACT SIGNATURE ROUTING
❑ SENT TO VENDOR/CONTRACTOR DATE SENT: DATE REC• D: K
❑ ATTACH: SIGNATURE AUTHORITY, INSURANCE CERTIFICATE, LICENSES, EXHIBITS
❑ CREATE ELECTRONIC REMINDER/NOTIFICATION FOR 1 MONTH PRIOR TO EXPIRATION DATE
(INCLUDE DEPT. SUPPORT STAFF IF NECESSARY AND FEEL FREE TO SET NOTIFICATION MORE THAN A MONTH IN ADVANCE IF COUNCIL APPROVAL IS NEEDED.)
INITIAL / DATE SIGNED
❑ FINANCE DEPARTMENT
d LAW DEPT V
6 SIGNATORY (MAYOR OR DIRECTOR)
6 CITY CLERK
❑ ASSIGNED AG # AG# - C]
❑ SIGNED COPY RETURNED DATE SENT:
COMMENTS:
EXECUTE* 1 " OREGINALS.
Template reviewed under ID #4410
1/2020
RIGHT OF ENTRY AGREEMENT
This Right of Entry Agreement ("Agreement") is dated effective this day of
2024 ("Effective Date"). The parties ("Parties") to this Agreement are DM
Vent es FW Center, LLC, a Washington limited liability company, (Grantor"), and the City of
Federal Way, a Washington municipal corporation ("City").
RECITALS
A. WHEREAS, the Grantor is the fee title owner of real property located at 2505 S
320TH ST, Federal Way, King County, Washington 98003, Tax Parcel No. 7978200535
("Property"); and
B. WHEREAS, the City desires to obtain the Grantor's permission to enter the
Property, on a temporary basis, to conduct survey work for its City Center Access project
("Work"); and
C. WHEREAS, the Parties wish to enter into this Agreement whereby the Grantor
will allow the City to enter the Property, on a temporary basis, for the purpose of performing the
Work;
NOW, THEREFORE, the Parties do hereby agree as follows:
GREEMENT
1. Right of Entry. The Grantor hereby grants the City and its agents, employees, and
contractors, together with all associated equipment, the temporary right to enter onto the
Property, for the purpose of performing the Work, and for no other purpose.
2. Term. The term of this Agreement shall commence upon the effective date of this
Agreement and shall continue until the completion of the Work, but in any event no later than
December 31, 2025 ("Term"). This Agreement may be extended for additional periods of time
upon the mutual written agreement of the Grantor and the City.
3. Indemnification. The City agrees to indemnify, defend and hold the Grantor
harmless from any and all claims, demands, losses, actions and liabilities (including costs and
attorney fees) to or by any and all persons or entities, including without limitation, their
respective agents, licensees, or representatives, arising from, resulting from or connected with
this Agreement to the extent solely caused by the negligent acts, errors, or omissions of the City,
its employees or agents.
4. Compliance with Laws. The City shall, in all activities undertaken pursuant to
this Agreement, comply and cause its contractors, agents and employees to comply with all
federal, state and local laws, statutes, orders, ordinances, rules, regulations, plans, policies and
decrees.
1
3/2020
5. Liens. The City shall not permit to be placed against the Property, or any part
thereof, any design professionals', mechanics', materialmen's, contractors', or subcontractors'
liens with regard to the City's actions upon the Property. The City agrees to hold the Grantor
Harmless for any loss or expense including reasonable attorneys' fees and costs, arising from any
such liens which might be filed against the Property.
6. Not Real Property Interest. It is expressly understood that this Agreement does
not in any way whatsoever grant or convey any permanent easement, lease, fee or other interest
in the Property to the City. This Agreement is not exclusive and the Grantor specifically
reserves the right to grant other rights of entry to the Property.
7. Repairs and Restoration. Following the completion of the Work, the City shall, to
the extent reasonably practicable, restore any damage to the Property caused by the Work to a
condition similar to its condition prior to such Work.
S. Attorneys' Fees. In the event either of the Parties defaults on the performance of
any terms of this Agreement or either Party places the enforcement of this Agreement in the
hands of an attorney, or files a lawsuit, each Party shall pay all its own attorneys' fees, costs and
expenses. The venue for any dispute related to this Agreement shall be King County,
Washington.
9. Continuing Liability. No termination of this Agreement shall release the City
from any liability or obligation hereunder resulting from any acts, omissions or events happening
prior the termination of this Agreement.
10. _Entire Agreement. This Agreement contains all of the agreements of the Parties
with respect to any matter covered or mentioned in this Agreement and no prior agreements shall
be effective for any purpose.
11. Modification. No provision of this Agreement, including this provision, may be
amended or modified except by written agreement signed by the Parties.
12. Governina Law. This Agreement shall be made in and shall be governed by and
interpreted in accordance with the laws of the State of Washington.
13. Time is of the Essence,• Entire A reement. Time is of the essence of the terms
and provisions of this Agreement. This Agreement constitutes the entire agreement between the
Parties with respect to the matters contained herein, and no alteration, amendment or any part
thereof shall be affective unless in writing signed by both parties sought to be charged or bound
thereby.
14. Full Force and Effect. Any provision of this Agreement that is declared invalid or
illegal shall in no way affect or invalidate any other provision hereof and such other provisions
shall remain in full force and effect.
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15. Assignment, Neither the Grantor nor the City shall have the right to transfer or
assign, in whole or in part, any or all of its obligations and rights hereunder without the prior
written consent of the other Party.
16. Authority. Each individual executing this Agreement on behalf of the Grantor
and City represents and warrants that such individuals are duly authorized to execute and deliver
this Agreement on behalf of the Grantor or the City.
17. Remedies Cumulative. Any remedies provided for under the terms of this
Agreement are not intended to be exclusive, but shall be cumulative with all other remedies
available to the Grantor at law, in equity or by statute.
18. Counterparts._ This Agreement may be executed in any number of counterparts,
which counterparts shall collectively constitute the entire Agreement.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement.
CITY OF FEDERAL WAY:
F n errell, Mayor
DAT .
L-5/
ATTEST:
�Wwi)
5 h ie Courtney, CMC, C ty Clerk
APPROVED AS TO FORM:
J. yan Call, City Attorne
3
3/2020
GRANTOR: - DM Ventures FW Center, LLC
By:
(5i natra
m1w ftae i+ �
(Name)
tolZS I I u-DI mic ► E Q6, I o�
plc k7g ga6�13
(Address)
(Phone
3/2020
5/3/24, 5:06 PM Corporations and Charities System
BUSINESS INFORMATION
Business Name:
DM VENTURES FW CENTER, L.L.C.
UBI Number:
604 039 282
Business Type:
WA LIMITED LIABILITY COMPANY
Business Status:
ACTIVE
Principal Office Street Address:
6725 116TH AVE NE #100, KIRKLAND, WA, 98033, UNITED STATES
Principal Office Mailing Address:
6725 116TH AVE NE #100, KIRKLAND, WA, 98033, UNITED STATES
Expiration Date:
09/30/2024
Jurisdiction:
UNITED STATES, WASHINGTON
Formation/ Registration Date:
09/27/2016
Period of Duration:
PERPETUAL
Inactive Date:
Nature of Business:
REAL ESTATE
REGISTERED AGENT INFORMATION
Registered Agent Name:
MICHAEL RASKIN
Street Address:
6725 116TH AVE NE STE 100, KIRKLAND, WA, 98033-8455, UNITED STATES
Mailing Address:
6725 116TH AVE NE STE 100, KIRKLAND, WA, 98033-8455, UNITED STATES
GOVERNORS
Title
GOVERNOR
Governors Type
INDIVIDUAL
Entity Name First Name
MICHAEL
Last Name
RASKIN
https://ccfs.sos.wa.aov/? q1=1*1euutvh* as*MiAwOTk2NTkzOC4xNiavNT150DE3* qa 7B08VE04WV*MTcwOTkxODEONv42Ni4xLiE3MDk5MTgxOT... 1/1
5/3/24, 5:07 PM
King County Department of Assessments: eReal Property
Refer
• Kinj
Disl
Lev
ADVERTISEMENT
•..;a�rh Iraµ rl-'ia+ IUI1 FLil, , 11 is I• ..q,. Kinl
Linl
PARCEL Proi
Parcel Wa,,
Number I797820-0535 Dep
--- — Rev
Name DM VENTURES FW CENTER LLC link)
Site
Address 12505 S 320TH ST 98003 _ Wa,
STATE PLAT IN SEC 16-21-4 LOT 1 KCSP 887025 REC #8912140335 - AKA PROPOSED KCSP 887025 joa
Legal SD SP DAF - POR TRS 56-57-58 STATE PLAT IN SEC 16-21- 04 LESS S 640 FT THOF LESS POR FOR Apr
j 1 SSH #5-A LESS FOR FOR PLAT N B M DIV # 1 link)
BUILDING 1
Year Built 11987
Building Net Square .65067
l VrC 1L
Construction Class STEEL
S
Building Quality
GOOD
Lot Size
123069
Present Use
Office Building
Views
No
Waterfront
rOTAI LEVY RAl � DISTRIBUTION
,Tax Year: 2024 Levy Code: 1205 Total Levy Rate: $10 58498 Total Senior Rate: $5.35681 j
[;;,Levy distribution pie chart
55.94 % Voter Approved
@Itek here to see levy, ifflMdbutlon comparison by_year. .
_\ 1?01 L HISTORY
Valued
Tax Appraised
Appraised
'Imps
Appraised
Appraised
Imps Increase
Taxable
Taxable Imps'
Land Value
Taxable
Year
Year Land Value ($)
Value ($)
Total (S)
Value ($)
Total M
i2023
I`
2024 3,692,000
5,878,400
9,570,400
-D
3,692,000
5,878,400
19,570,400
2022
12023 3,322,800
5,917,600
9,240,400
10
13,322,800
5,917,600
9,240,400
2021
2022 13,076,700
5,112,300
8,189,000
0
3.076,700
5,112,300
8,189,000
2020
.202' 3,076,700
5,855.700
8,932.400
0
f3,076,700
5,855,700
8,932,400
2019
2020 3,076,700
5,855,700
.8,932,400
0
3,076,700
5,855,700
8,932,400
2018
2019 13,076,700
5,855,700
8,932,400
0
13,076,700
5,855,700
8,932,400
2017
12018 2,215,200
6,459,300
18,674,500
:0
2;215,200
6,459,300
8,674,500
2016
2017 2,215,200
6,459,300
18,674,500
0
2,215,200
6,459,300
8,674,500
2015 f
2016 2,215,200
6,852,200
9,067,400
0
2,215,200
6,852,200
9,067,400
2014
2015 2,215,200
6,852,200
19,067,400
0
2,215,200
6,852,200
9,067,400
2013T
'2014 2,215,200
7,826,100
10,041,300
0
.2,215,200
7,826,100
1D,041,300
2012^
12013 12,215,200
7,709,700
.9,924,900
0
2,215,200
7,709,700 —
9,924,900
2011
2012 2,215,200
9,218,600
11,433,800
0
2,215,200
9,218,600
11,433,800
2010
^2011 2,215,200
9,218,600
:11,433,800
0
12,215,200
9,218,600
t1,A38,13DD
2009
2010 11,476,800
10,929,200
I12,406,000
C
:,476,800
10,929,200
12,406,000
2008
2009 ~1,476,800
13,438,700
114,915,500
0
j 1,476,800
13.438,700
14,915,500
F0D7
2008 1,476,800
12,291,400 113,768,200
0 _
11,476.800
12,291,400 _
13,768,200
2006
2007 1,107,600
10,824,800
11,932,400
0
1,107,600
10,824,800
11,932,400
12005
12006 923,000
9,777,300
10,700,300
0
r923,000
.9,777,300
10,700,300
2004
20 n 923,000
7.723,700
8,646,700
0
923,000
17,723,700
8,646,700
2003
2004 1923,000
6,666,300
7,589,300
0
923,000
6,666,300
7,589,300
12002
2003 1923,000
:6,077,000
7,000,000
0
923,000
6,077,000
7,000,000
• Boa
Apr.
• Disl
• iMal
• Leg
Sca
sun
Mal
Sca
plat
ADVERTISEMENT
htti)s://biue.kinacountv.com/Assessor/eRealProperty/Dashboard.asi)x?ParcelNbr=7978200535 1/2
5/3/24, 5:07 PM
King County Department of Assessments: eReal Property
r2001 2002 1923,000
2000 2001 923,000
.1999 2000 1923,000
1998, 1999 923,000
1997 1998 0
1996 1997 0
1994 1995 0
1992 1993 0
1990 1991 0
1989 1990 0
1988 1989 0
1987 1988 0
1986 1987 0
1984 1985 0
1982 1983 0
6,277.000
7.200,000
10
1923,000
6,277,000
17,200,000
5,907,400
16,830.400
0
1923,000
5,907,400
j 6,830,400
5,138.900
16,061,900
0
923,000
[5,138,900
6,061,900
5,136,900
6,061,900
0 �J923,000
J5,138.900
16,061,900
0
0
0
923,000
4,796,000
5,719,000
0
OT
0
923.000
4,967,000
5,890,000
0
0
0
923.000
.4,967,000
5,890,000
0
0
0
1923,000
G5,577,000
6,500,000
0
0
0
861,500
15,633.400
6.494,900
0
10
0
494.100
5,151,800
5,645,900
0
0
0
494,100
5,151,800
5,645.900
0
0
0
988,200
4.280,000
5,268,200
0
0
0
988,200
0
988,200
0
0
0
740,500
0
740,500
0
0
0
740,500
0
740.500
ADVERTISEMENT
httpOftue.kinacounty.com/AssessorleRealProoertv/Dashboard.asox?ParcelNbr-7978200535 2/2