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. 2 3/2020 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