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AG 24-091 - TRENT DEVELOPMENTRETURN TO: Samantha EXT: 2601 CITY OF FEDERAL WAY LAW DEPARTMENT ROUTING FORM 1. ORIGINATING DEPT./DIV: CD 2. ORIGINATING STAFF PERSON: Stacey EXT: 2634 3. DATE REQ. BY: ASAP 4. TYPE OF DOCUMENT (CHECK ONE): ❑ CONTRACTOR SELECTION DOCUMENT (E.G., RFB, RFP, RFQ) ❑ PUBLIC WORKS CONTRACT ❑ SMALL OR LIMITED PUBLIC WORKS CONTRACT ❑ PROFESSIONAL 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 (l OTHER Development Agreement 5. PROJECT NAME: TC-3 Development Agreement 6. NAME OF CONTRACTOR: Trent Development Inc. ADDRESS: 166 Roy street Seattle WA 98109 TELEPHONE E-MAIL: trent@onetrent.com FAX: SIGNATURE NAME: Trent MUMMerV TITLE President 7. EXHIBITS AND ATTACHMENTS: ❑ SCOPE, WORK OR SERVICES ❑ COMPENSATION ❑ INSURANCE REQUIREMENTS/CERTIFICATE ❑ ALL OTHER REFERENCED EXHIBITS A PROOF OF AUTHORITY TO SIGN D REQUIRED LICENSES ❑ PRIOR CONTRACT/AMENDMENTS 8. TERM: COMMENCEMENT DATE: April . 2024 COMPLETION DATE: 30 years 9. TOTAL COMPENSATION $ (INCLUDE EXPENSES AND SALES TAX, IF ANY) (IF CALCULATED ON HOURLY LABOR CHARGE - ATTACH SCHEDULES OF EMPLOYEES TITLES AND HOLIDAY RATES) REIMBURSABLE EXPENSE: ❑ YES N NO IF YES, MAXIMUM DOLLAR AMOUNT: $ IS SALES TAX OWED ®YES IDNO IF YES, $ PAID BY: ❑ CONTRACTOR ❑ CITY RETAINAGE: RETAINAGE AMOUNT: ❑ RETAINAGE AGREEMENT (SEE CONTRACT) OR ❑ RETAINAGE BOND PROVIDED ❑ PURCHASING: PLEASE CHARGE TO: 10. DOCUMENT/CONTRACT REVIEW INITIAL/DATE REVIEWED INITIAL/DATE APPROVED ® PROJECT MANAGER SW 4-29-24 � f Gil -j— Zq ?-Ay ® DIRECTOR 4 . •2 ❑ RISK MANAGEMENT (IF APPLICABLE) Uq LAW KVA LA[ Z� oL� 11. COUNCIL APPROVAL (IF APPLICABLE) COMMITTEE APPROVAL DATE: 3-4-24 COUNCIL APPROVAL DATE: 4-16-24 12. CONTRACT SIGNATURE ROUTING ft SENT TO VENDOR/CONTRACTOR DATE SENT: 4-24-24 DATE REC'D: 4-29-24 N 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 / DA SI NED V LAW DEPARTMENT ❑ NATORY (MAYOR OR DIRECTOR) CITY CLERK L ❑ ASSIGNED AG# AG# COMMENTS: Please return original to CD so applicant can record document. b7017 DEVELOPMENT AGREEMENT THIS AGREEMENT is entered into this �`"S day of P o r', , 2024 (the "Effective Date") by and between Trent Development Inc., a Washington corporation ("Developer"), or its assignee, and the City of Federal Way, a Washington municipal corporation ("City"). Developer and the City are each a "Party" and collectively the "Parties" to this Agreement. RECITALS A. The Washington State Legislature has authorized the execution of development agreements between a local government and an entity having ownership or control of real property within its jurisdiction, pursuant to RCW 36.7013.170 through 36.70B.210 ("Development Agreement Statute"). This Agreement is authorized pursuant to the Development Agreement Statute and Chapter 19.85 of the Federal Way Revised Code ("FWRC"). B. The City of Federal Way owns parcels 857500-0010, 857500-0020, and 092104- 9017, commonly referred to as Town Center 3 ("TC-3 Property"), located generally at the southwest corner of 23rd Avenue S and S 314d' Street, legally described on Exhibit A, which is attached hereto and incorporated herein by reference. The TC-3 Property is designated City Center Core in the City's Comprehensive Plan, located in the City Center Core zone ("CC-C"), and located within the Downtown Architectural Overlay ("Downtown"). C. In September 2006, the City adopted a planned action Environmental Impact Statement for the City Center. The City subsequently adopted a Supplemental Environmental Impact Statement ("SEIS") via Ordinance 16-811, which contemplated 475,000 sq. ft. of retail, 400,000 sq. ft. of office, 600 hotel rooms, and 2,400 housing units (collectively "Planned Action EIS"). The TC-3 Property is located within the Planned Action EIS boundary and the Planned Action EIS has been incorporated into the SEPA decision (DNS 23-102418-SE) for this Agreement. D. In 2022, the City contracted with VIA Architecture, a Perkins Eastman Studio, to prepare a preferred redevelopment plan ("Master Development Plan") for an approximately 7.45- acre portion of the TC-3 Property ("Property"), as depicted in the January 5, 2024, appraisal conducted by CBRE ("Appraisal"). The Master Development Plan envisioned five privately - owned building parcels to be developed with office, retail, hotel, residential units, a civic plaza and community building, and a public parking garage. The City and community expressed support for the Master Development Plan, believing it would create a sense of place and civic identity, reflective of the growing and diverse community; provide a catalyst for mixed use residential and pedestrian -focused retail; anchor the north downtown with a pedestrian -scale block structure, with smaller, active public spaces; and capitalize on momentum and timing of recent investments. -1- E. In November 2022, the City issued a Request for Proposals ("RFP") to identify a purchaser and developer for the Property. Developer submitted a proposal, which was selected by the City. In April 2023, the City Council authorized the Mayor to execute the Letter of Intent ("LOI") to authorize the Developer to initiate a Development Agreement with the City. F. The Developer is planning a phased redevelopment of the Property with a mix of land uses, generally consistent with the Master Development Plan ("Project"). The Developer has prepared a Conceptual Plan Exhibit B), Phasing and Timing Plan Exhibit C , and Conceptual Improvement Plan (Exhibit D) to provide for the coordinated redevelopment of the Property. These Exhibits are incorporated herein by reference. The Parties agree the Conceptual Plan is a conceptual guide for the Project as defined in this Agreement but does not constitute a "Development Plan" under FWRC 19.85.100. G. Redevelopment of the Property will be a substantial benefit to the City through implementation of the vision of the City Center Sub -Area Plan, new transit -oriented housing and job opportunities, and new destination retail and restaurants in Downtown. However, redevelopment of the Property entails significant financial, entitlement, and construction risk to Developer over the course of a multi -phased development. The City's partnership in the execution of this catalyst project is critical for success of the Project and Downtown. This Agreement is intended to ensure that public decisions regarding public investment and cooperation, and Developer predictability during the planning, entitlement and redevelopment of the Property, benefit both Parties in supporting the timely and cost-efficient delivery of housing, jobs, and other public benefits to the City of Federal Way. H. Environmental impacts of the Agreement were identified, considered and mitigation measures proposed through the provisions of this Agreement. The City issued a Determination of Non -Significance on October 6, 2023. I. Completion of the Project in accordance with the Conceptual Plan will promote the goals and policies of the Comprehensive Plan. J. By this Agreement, the Parties intend to set forth their mutual agreement and understandings as they relate to the development and sale of the Property and the Project. NOW THEREFORE, in consideration of the mutual benefits and agreements contained herein, as well as other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: AGREEMENT 1. Definitions. Each term identified in this Section shall have the specific meaning identified in this Section. Each term defined elsewhere in this Agreement shall have the specific -2- meaning identified elsewhere in this Agreement. Undefined terms shall have their common and ordinary meanings. 1.1. "City Council" means the City Council of the City of Federal Way. 1.2. "Development Regulations" means those sections of the Federal Way Revised Code, Federal Way Zoning and Development Code, Federal Way Comprehensive Plan, Federal Way Zoning Map, and any implementing policies, regulations, procedures or guidelines addressing the zoning, building and site design, utilities, environmental review (including SEPA procedures and substantive authority), transportation concurrency, multifamily dwelling unit limited property tax exemption regulations, impact fees and any other elements that govern the development of real property within the City. A term defined in the Development Regulations shall have the meaning assigned to it within the Development Regulations. 1.3. "FWRC" means the Federal Way Revised Code. 1.4. "MDP" means the Master Development Plan prepared for the City in preparation for releasing the Request for Proposals for the Property. 1.5 "MFTE" means the Multifamily Dwelling Unit Limited Property Tax Exemption program administered by the City pursuant to FWRC 3.30. 1.6. "Developer" means Trent Development Inc., a Washington corporation, and its successors and permitted assigns pursuant to Section 26. 1.7. "SEPA" means the State Environmental Policy Act, RCW 43.21C, and implementing regulations at WAC Ch.197-11. 1.8. "Development Director" or "Designated Official" is the Director of the Department of Community Development, also known as the Department of Community Development Services. 1.9. "Designer" means the consultant hired to prepare design and associated documents for the Civic Plaza. 2. Project Descrip#ion. Developer proposes to develop the Project as depicted in the Conceptual Site Plan. 2.1 Entitlement. The Project is entitled for the following uses, which may be constructed at the discretion of Developer: -3- a. Residential. Up to 1,600 traditional, non -subsidized housing units. Residential uses may include a combination of apartments, townhomes, and condominium units. b. Retail (FWRC 19.225.020). Up to 50,000 sq. ft. C. Office (FWRC 19.225.010). Up to 175,000 sq. ft. d. Entertainment (FWRC 19.225.040). Up to 170,000 sq. ft. e. Lodging (FWRC 19.225.050). Up to 175 rooms and 50,000 sq. ft. accessory spaces. f. All required utilities; streets, drives, parking and other transportation facilities; park and open space improvements, and all other improvements needed to support and complete the development, including on -site and off -site improvements. 2.2 Civic Plaza. a. Design. The Parties shall collaborate on the design of a civic plaza ("Civic Plaza") to be located on City property, South of Road A and South and West of the Property as generally depicted on the Conceptual Plan. Developer shall select the Designer for the Civic Plaza, subject to City agreement, who will prepare a design for the Civic Plaza. The City shall incorporate community outreach as part of the design process. The design of the Civic Plaza must be approved by the Developer and City Council ("Approved Design"). After approval, Designer shall prepare a complete set of plans and specifications conforming to City standards for City's use in construction bidding. Developer shall provide a budget of no less than $350,000 for the development of, and modifications to, the Approved Design. Developer shall pay all reasonable costs to Designer associated with developing the Approved Design, and any required modifications to the Approved Design under section 2.2.b. b. City Construction. The City shall request competitive bids for construction of the Civic Plaza in accordance with Washington State public works contracting requirements based on the Approved Design. Bids shall be requested within six (6) months of completion of the Approved Design, or at a later time mutually agreed to by the Parties. Developer may submit a bid for construction. The City shall provide a project budget sufficient to fund construction of the Civic Plaza based on the Approved Design. If the lowest responsive, responsible bidder's bid would result in a project budget in excess of $5,000,000, the Approved Design must be modified in accordance with the process outlined in section 2.2.a to allow -4- for bids resulting in a lower project budget; the City Council must approve additional project budget to cover the additional amount; or the Developer can pay the City the additional amount. The City may, at its sole discretion, hire a consultant to manage construction of the Civic Plaza ("Construction Manager"). City shall include Developer in the selection process for the Construction Manager. The City's contract with the Construction Manager will require construction coordination with Developer, so that Civic Plaza construction is integrated with Developer's Phase I construction, which are both anticipated to occur at the same time. The City shall commence construction of the Civic Plaza within six (6) months of bid award. C. Developer Construction. Should the City not fulfill its obligations to secure sufficient funds to construct the Civic Plaza, request competitive bids for Civic Plaza construction within the timeline set forth in subsection b., and/or commence construction within the timeline set forth in subsection b., Developer may, at its sole discretion, proceed with construction of the Civic Plaza in accordance with standard Public Works contracting requirements. The City shall provide all necessary approvals and easements necessary to authorize and facilitate such construction. City shall reimburse Developer for actual project costs as they are incurred up to $5,000,000. City will pay Developer 5% of the actual construction costs for construction management costs, which will be in addition to the Plaza construction budget. d. Maintenance and Operation. Prior to completion of the Civic Plaza, the Parties shall negotiate a separate operational and maintenance agreement for the Civic Plaza ("Operational Agreement"). The Operational Agreement will allow Developer to supplement the City's maintenance and security measures and will provide for the Parties to coordinate on event programming. 2.3. Civic Buildings. a. City Hall and Community Space. The Northwest Block of the Project may include a City Hall and Community Space, as depicted on the Conceptual Plan. Unless otherwise agreed to by the Parties, the City shall notify Developer by January 1, 2028, whether or not to construct the City Hall and Community Space. Prior to commencing design, the Parties shall negotiate and execute an agreement that will include lease and/or future acquisition terms acceptable to the Parties. If the City notifies Developer not to construct the City Hall and Community Space; or, fails to notify Developer pursuant to the terms of this subsection; or, if the Parties cannot agree to the terms of lease or acquisition, Developer can, at its sole discretion, construct any improvements in the Northwest Block authorized by this Agreement. -5- b. Public Parking Garage. The Project may include a Public Parking Garage ("Garage"). Unless otherwise agreed to by the Parties, the City shall notify Developer by January 1, 2028, whether or not to construct the Garage. If Developer receives timely notice from the City, Developer shall construct approximately 365 public parking spaces at a location within the Project determined by Developer subject to Public Works contracting requirements. The City shall reimburse Developer for actual costs of construction within six (6) months of completion of construction. Prior to commencing design, the Parties shall negotiate and execute an agreement that will include lease and/or future acquisition terms acceptable to the Parties. If the City notifies Developer not to construct the Garage; or, if the City fails to notify Developer pursuant to the terms of this subsection; or, if the Parties cannot agree to the terms of lease or acquisition, Developer has no obligation to build the Garage. 2.4 Hotel. If a suitable Hotel, as determined by the Parties, seeks to locate in the Project, and Developer in its sole discretion determines that the Hotel will be economically -viable for the Project, Developer will build, sell the Phase, or execute an agreement to facilitate the construction of the Hotel in Phase II, IIl, or IV of the Project. 3. Civil improvements. Developer will construct on -site street and right-of-way improvements as depicted on Exhibit D, the Conceptual Improvements Plan. Minor modifications to Exhibit D may be made if approved by the City through the Project Entitlement process at the Developer's option or as required by Project -specific technical analysis without amendment of this Agreement. Should Exhibit D be so modified, Developer shall submit revisions to Exhibit D. Such revisions will be processed as Developer Discretion amendments under Section 12.1. Amendments to Exhibit D may also be made outside of the Project Entitlement process through the provisions of Section 12. Developer shall provide a traffic impact analysis ("TIA") for the entire Project with the first implementing land use permit to evaluate consistency with the SEPA Planned Action and compliance with concurrency requirements. Exhibit D represents the Parties agreement on the scope and extent of required improvements and dedications, subject to additional project -level requirements required by future SEPA review/decisions and/or the TIA. The construction of any frontage improvement, and the dedication to the City of each completed frontage improvement, shall be completed prior to the occupancy of any building phase for which the improvement is required. Should Developer choose to construct improvements designed for future phases at an earlier time, such work shall be coordinated with the City. The Conceptual Improvements Plan outlines the following improvements per phase: 3.1 Site Access Driveways. The following proposed site access driveways will be provided for each phase: gel a. The Southeast Block will have three (3) curb cuts: one on 23rd Ave S. providing access to the upper level parking garage; one on S. 3161h Street providing parking garage access to the lower -level garage; and one loading driveway on S. 316th Street, b. The North Block will have two (2) curb cuts: one on the east side of Road A providing access to the parking garage, which will also accommodate loading; and one on S. 314th Street for loading. C. The Northeast Block will have a single curb cut on 23rd Ave S. providing access to the parking garage, which will also accommodate loading. d. The Northwest Block will have two (2) curb cuts: one on Pete von Reichbauer Way (existing driveway shared with the PAEC) providing access to the parking garage, which may also accommodate loading; and one on either S. 314' Street or the west side of Road A, subject to City approval and associated conditions, which may provide access to the parking garage and which may also accommodate loading. 3.2 Frontage Improvements and Dedications if the Southeast Block is Phase I: a. The following improvements will occur in Phase I: i. Street improvements abutting the Southeast Block along S. 316" St. and 23rd Ave S. will be constructed per City standards; ii. The east portion of Road A will have a permanent street connection to S. 314th St.; iii. The existing curb cut in the middle of S. 314th St. west of Road A East Portion will be filled in with a new curb; iv. A new curb and sidewalk matching the existing curb and sidewalk will be constructed along S. 314th St. adjacent to the Northeast Block; V. If determined to be necessary by the TIA, street widening along S. 314th St. to City standards; vi. If determined to be necessary by the TIA, traffic signalization modification at S. 314th St./23rd Ave S. -7- b. The following improvements will occur in Phase II (North Block): i. If street widening along S. 314th St. to City standards was not completed as part of Phase I, complete street widening along S. 314th St. to City standards; Block): ii. New curb, streetlights and sidewalks on S. 314th St.; iii. Street trees added only to frontage abutting the North Block; iv. Access to Pete von Reichbauer Way from west leg of Road A will be preserved; V. If traffic signalization modification at S. 314th St./23id Ave S. was not completed as part of Phase I, traffic signalization modification at S. 314th St./23id Ave S. C. The following improvements will occur in Phase III (Northeast i. Street improvements adjacent to Northeast Block frontage along 23id Ave S. to City standards; ii. Street trees will be added on S. 310' St. on Northeast Block frontage. 3.3 Frontage Improvements and Dedications if the North Block is Phase I: a. The following improvements will occur in Phase I: Street widening on S. 314th St. adjacent to the North Block; ii. New curb and sidewalk to match existing curb/sidewalk abutting Northeast Block; iii. Road A will be built with permanent connection to S. 314th St.; iv. If determined to be necessary by the TIA, street widening and new curb and sidewalks along S. 314th St. adjacent to the Northeast Block; V. If determined to be necessary by the TIA, traffic signalization modification at S. 314th St.23rd Ave S. b. The following improvements will occur in Phase II (Southeast Block): Street improvements adjacent to site along S. 3161h St. and 23rd Ave S. will be brought up to City standards; ii. If not completed as part of Phase I, street widening along S. 314' St adjacent to the Northeast Block and new curb and sidewalks; iii. If not completed as part of Phase I, traffic signalization modification at S. 3141h St./23ra Ave S. c. The following improvements will occur in Phase III (Northeast Block): Street improvements adjacent to site along 23rd Ave S.; ii. Street trees added on S. 314'h St. adjacent to the Northeast Block. 3.4 Utility Infrastructure. Developer shall provide necessary utility infrastructure to support each phase prior to the occupancy of that phase, as determined through project -specific review and coordination with Lakehaven. Developer anticipates that all required utility work for each phase will occur within the phasing limits depicted on Exhibit D, based on preliminary review by its civil engineer and initial feedback from Lakehaven. Should utility extensions be required for a specific phase that extend beyond the phasing limits identified on Exhibit D, the City will allow Developer to construct an appropriate, interim level of improvements in the utility extension area, provided that a full curb to curb overlay will be provided, and provided that the interim improvement be in place no longer than seven years from the date of issuance of the associated right-of-way permit. After seven years, Developer will be required to install permanent improvements, regardless of timing of the phase for which that frontage is required in Section 3.2 or 3.3, and Exhibit D. Developer may elect to build additional infrastructure in earlier phases to support future phases, subject to Developer's execution of necessary easements to allow utility infrastructure to serve buildings and improvements on separate parcels. 4. Public Benefits. The Parties acknowledge that the Project will advance the City's vision for the Property, as expressed in the City's Comprehensive Plan, City -Center Sub -Area Plan; and MDP for the Property. The Project will benefit the City through the redevelopment of key contiguous parcels in the City Center Core with multifamily housing, retail, entertainment and office uses that will support the vision of mixed -use, transit -oriented development ("TOD") and catalyze future investment and high -quality development in the vicinity. Specifically, the Project will provide the following public benefits: 62 4.1 Pioneering TOD Neigliborhood. This Project will fulfill the City's Comprehensive Plan Goals (See adopting ordinance for applicable Goals and Policies) and MDP Vision by creating the City's first high -density, transit -oriented neighborhood. It will improve, activate, and create an identifiable Downtown to serve as the social, cultural, civic, and economic hub of the City, establishing a sense of identity and place and attracting capital for future high -quality TOD development. 4.2 Job Creation and Revenue. The Project will create temporary jobs and significant construction tax revenue. Once completed, it will generate permanent jobs close to housing, add to the City's tax base, and generate an estimated $55-plus million in local, state, and federal taxes and revenue. 4.3 Residential Ownership Opportunities. The Project proposes approximately 38 for -sale residences, which will diversify the City's housing stock and increase ownership opportunities for City residents. 4.4 PAEC Parking. To the extent feasible, in addition to the access to surface parking stalls described in Section 5, Developer will maintain access to remaining surface parking stalls utilized by the PAEC on the Property during Project construction. 4.5 Public Art. Developer will coordinate with the City's Arts Commission to incorporate public art into the Project, further establishing the Downtown's unique identity and sense of place. 4.6 Interim Uses. Developer will work with the City to identify interim uses (pop -ups, food trucks, etc.) to energize the site during the entitlement and construction period. Developer shall control location and timing of interim uses but will allow their use of the Property at no cost. 4.7 Civic Buildings. Developer has offered to incorporate the City Hall, Community Space building and Public Parking Garage into the Project, as outlined in this Agreement. 4.8 Street Furniture. Developer, as part of the Designer's work for the Civic Plaza, will provide enhanced design for street fixtures, furniture, and lighting. These designs, approved by the City, shall be utilized throughout the Project for consistency with those provided in the Civic Plaza. 4.9 Enhanced Road A Design. The Project will incorporate a two-way "woonerf lane" ("Road A"), as depicted on Exhibit B. Road A's enhanced design and functionality will integrate the surrounding blocks with the Civic Plaza, which will be shared by pedestrians, bicyclists, and vehicles. -10- The City agrees that the public benefits listed in Section 4 are sufficient to meet or exceed the public benefit requirement in FWRC 19.85.120(3). No additional public benefits or voluntary mitigation shall be required for the Project or any Project -phases, except as mutually agreed by the Parties. 5. Property Acquisition. As a condition of issuance of the first construction permit for the residential building in Phase I, or earlier at Developer's sole discretion, Developer shall acquire the approximately 7.45-acre Property, as depicted in the Appraisal ("Closing"). The exact legal boundaries of the Property to be acquired shall be determined via the subdivision process in Section 6. Closing shall occur pursuant to a Purchase and Sale Agreement ("PSA") acceptable to the Parties. The Property will be conveyed by Statutory Warranty Deed, with standard contingencies, and acquisition will occur through escrow, with escrow agent and title company to be selected by Developer. If the Parties are unable to negotiate an acceptable PSA, either Party may terminate this Agreement. 5.1 The purchase price is $10,000,000. The purchase price is derived from, and takes into account, the following: a. The appraised value of the Property is $12,800,000 to $13,800,000, based on the Appraisal. b. Developer shall fund design of the Civic Plaza in an amount no lower than $350,000, as further detailed in Section 2.2.a. c. Developer shall incorporate public art into the Project at Developer's expense, and in an amount no lower than $750,000, at least half of which will be expended during Phases I and II. d. Developer shall incorporate enhanced design of street fixtures, furniture, and lighting into the Project at Developer's expense, the cost of which shall be no lower than $200,000 including design and implementation. e. Developer shall provide an enhanced Road A design at Developer's expense, and the overall cost of design and implementation of the enhanced Road A design shall be no less than $480,000. f. Developer shall maintain public access to remaining surface parking stalls North of the PAEC and on the west leg of Road A on the Property during Phase I construction at no cost to the City. The estimated value of that parking is $600 per stall per year, and the total value of the one -hundred twenty-four (124) stalls over the estimated duration of six years is $446,400. -11- g. Until construction in that area commences, Developer shall allow public access to surface parking stalls in the Northeast Block during Phase II and III construction at no cost to the City. The estimated value of that parking is $900 per stall per year, and the total value of the ninety-six (96) stalls over the estimated duration of seven years is $604,800. h. Public Elevator. Developer will construct an elevator near the Southeast Block building that will connect the sidewalk on 3161h St. to the Civic Plaza, which will be available to the public and tenants of the building. Construction of the elevator is anticipated to cost $250,000, half of which ($125,000) represents value to the public. 5.2 At Closing, Developer shall execute an easement to benefit the City, in a form agreed to by Developer and City, allowing for continued public access and travel to and from the PAEC and the south leg of Road A north to 314th Street and west to Pete von Reichbauer Way. 5.3 Should Developer not submit its first Phase I building permit by January 1, 2027, the City shall have the option to terminate this Agreement. Similarly, should Developer not commence each Phase (acquire its first building or construction permit) within two years of the Phase date listed on Exhibit C (unless the failure to commence is caused by force majeure, or events outside Developer's reasonable control), the City may purchase the parcel at a price determined by a new appraisal approved by both Parties. 6. Subdivision. Prior to Closing, Developer will record a subdivision creating legal lots for transfer of the approximately 7.45-acre Property and development of the Project, which will generally be consistent with the Phasing and Timing Plan in Exhibit C. The size, configuration and number of legal lots or development parcels within the Property may be modified if approved by the City without amendment of this Agreement through boundary line adjustments (`BLA"), lot consolidations, binding site plans (`BSP"), short plats, or subdivisions. Should the legal lots or development parcels within the Property be so modified, Developer shall submit revisions to all Exhibits to this Agreement. Such revisions will be processed as Developer Discretion amendments under Section 12. L 7. Development Regulation Modifications. As a component of this Agreement, the City Council approves the following modifications from City Development Regulations for this Project: 7.1 Perimeter Residential Uses Permitted. Residential units will be permitted along the perimeter streets of the Project as depicted in the Conceptual Plan (in addition to all other permitted uses, to include retail and live/work). These units shall be allowed in lieu of the entertainment or retail uses which would otherwise be required per FWRC 19.225.070. -12- 7.2 Road A. The City will authorize reasonable deviations from public road standards to accommodate the enhanced design of Road A. Temporary parking spaces may be located along Road A right-of-way but shall be reviewed and approved by the City. 7.3 S. 310 Street. The City will authorize reasonable deviations necessary to accommodate access points and curb separation on S. 314a` Street, as depicted in Exhibit D. 7.4 Inclusionary Zoning. Deviation from FWRC 19.110.010 shall be authorized as described in Section 15. 7.5 Non -Residential Ground Floor space. The City will allow the 15% non- residential ground level space requirement in FWRC 19.225.070 to be met on a cumulative basis, considering all Project phases. 7.6 Open Space. Calculation of the open space requirement in FWRC 19.225.070 will include pedestrian areas of Road A (areas not including the driving surface or parking stalls), and any future open space fee in lieu will be based on the Appraisal. 7.7 Building Length. Building lengths in excess of 250' shall be allowed and are consistent with the community design guidelines in FWRC 19.115.020(5). 8. Density and Intensity of Uses. The Entitlements approved through this Agreement (Section 2.1) shall be allowed on the Property without limit to maximum density or intensity of the CC-C zone. 9. Phasing. The Project is anticipated to be built in phases. The Phasing and Timing Plan provided in Exhibit C ("Phasing and Timing Plan"), establishes outside construction dates. Developer will work in good faith to initiate construction as soon as practicable, subject to market conditions and financing. Regardless of whether the Southeast or North Block is Phase I, Phase I is proposed to be constructed first, but the other phases may be constructed out of order (i.e., Phase III or IV may precede Phase II), as long as adequate infrastructure is provided to support each constructed phase. If the phases are constructed out of order, the frontage improvements and dedications detailed in Sections 3.2 and 3.3, and depicted in Exhibit D, shall be adjusted to reflect the new phase order. Such an adjustment to the frontage improvements and dedications shall be processed as a Minor Amendment. If the phases are constructed out of order, the phasing timeline will automatically adjust to reflect the constructed order of phases. 10. Vesting. Developer is entitled to develop the Project under the Development Regulations and land use controls in effect as of the Effective Date of this Agreement ("Vested Code Provisions"), which shall apply for the Term of this Agreement. 10.1. Exemptions. The following are exempt from vesting under this Agreement: -13- a. Plan review fees, inspection fees, and land use application fees; b. Connection charges, general facilities charges and monthly service charges; C. Amendments to building, plumbing, fire and other construction codes adopted pursuant to RCW Ch. 19.27 or 19.27A; d. Impact fees, except as modified in Section 10.3 of this Agreement; C. City enactments that are adopted pursuant to state or federal mandates (such as the City's NPDES Municipal Stormwater Permits) that preempt the City's authority to vest regulations; f. City enactments regarding MFTE required to be adopted pursuant to a state repeal, amendment, or modification of RCW Ch. 84.14 or other applicable state law terminating the City's authority to implement an MFTE program. 10.2. Reserved Rights. Notwithstanding any provision in this Agreement, the City reserves authority pursuant to RCW 36.70B.170(4) to impose new or different Development Regulations to the extent required by a serious threat to public health or safety, as determined by the City Council after written notice and an opportunity to be heard by Developer. 10.3 Impact Fees. The Project is vested to the following impact fees in effect on the date this Agreement is executed: a. A school impact fee of zero; b. A park impact fee of $2,200/ residential unit. C. The transportation impact fee in place as of the Effective Date of this Agreement, for a period of ten (10) years after the Effective Date, with yearly increases based on CPI, as allowed in FWRC 19.85. 10.4 Property Tax Exemption. The Project qualifies for a Multifamily Dwelling Unit Tax Exemption under FWRC 3.30 and is vested to the provisions of Chapter 3.30 FWRC as of the Effective Date of this Agreement for the term of the Agreement. The Parties acknowledge that the Project is located within an eligible residential targeted area for participation in the tax exemption program for both the 8 and 12-year option. Developer may elect, at its sole discretion, to apply for the 8-year MFTE program. The 12-year option (FWRC 3.30.040(1)(b)(ii)) shall not be utilized for the Project, unless a repeal, amendment, or modification of RCW Ch. 84.14 or other applicable state law terminates the City's -14- authority to implement the 8-year MFTE program, in which case Developer will be entitled to utilize the 12-year option. At the end of the initial exemption period, Developer may elect to apply for a 12-year extension to the exemption period as authorized by RCW 84.14.020(6), provided that the City has adopted provisions in FWRC authorizing the 12- year extension within the City. 11. Future Code Amendments. Developer may request to develop the Property or Project -phases thereof in accordance with new Code provisions, Development Regulations and other regulations, policies, or guidelines hereinafter adopted by the City after the Effective Date, including but not limited to future SEPA and/or Planned Action amendments for City Center, without obligation to bring other portions of the Property into conformance with newly -adopted Code provisions, Development Regulations and other regulations. Application of any future Code amendments under this provision shall be on a Project -phase basis and shall be processed as a Minor Amendment, unless expressly listed as a Major Amendment. Application of any future state legislation and/or implementing Code amendments under this provision shall be on a Project -phase basis and shall be processed as a Minor Amendment, unless expressly listed as a Major Amendment. 12. Flexibility and Future A eement Amendments. During the Term of this Agreement, Developer or City may request amendments to this Agreement. Developer -requested Amendments will be classified as: 1) "Developer Discretion"; 2) "Minor Amendments" subject to review and approval by the Designated Official; or 3) "Major Amendments" requiring City Council approval. As a rule of construction, all ambiguities with respect to whether a Developer - requested amendment is classified as Developer Discretion, a Minor Amendment, or a Major Amendment shall be resolved in favor of treating the proposed amendment as a Minor Amendment. 12.1 Developer Discretion amendments are: a. Any increase to any aspect of the Entitlement of 20% or less. b. An increase to the timeline for any Project Phase by up to three years. C. All other Developer -requested amendments that result, as determined by the Designated Official, in comparable benefit or functional equivalence with no more than a de-minimis reduction of public benefits, reduction in environmental protection, or increase in material public cost. City review of Developer Discretion amendments is limited only to determining whether a requested amendment is properly categorized as Developer Discretion under this subsection. SFI 12.2 Minor Amendments are all amendments that are not Developer Discretion or Major Amendments. 12.3 Major Amendments are: a. Changes to the Term of the Agreement. b. Substantive change, as determined by the Designated Official, to the Conceptual Plan (Exhibit B). Substantive changes to the Conceptual Plan are changes that (1) propose a land use that is not included in the current Entitlement, as set forth in Section 2.1 of this Agreement; or (2) propose an increase to any aspect of the Entitlement in excess of 20%. C. Substantive change, as determined by the Designated Official, to the Phasing and Timing Plan Exhibit C). A substantive change is one that would increase the timeline for any Project Phase by more than three years. 13. Project l�r:view. Developer shall be responsible to apply for all required City permits, including but not limited to applications for planning and zoning permits, clearing and grading permits, building permits and other such permits and approvals required under the FWRC and necessary to authorize development of the Project or each respective Project -phase ("Project Entitlement"). Each Project Entitlement application must demonstrate consistency with the vested Development Regulations and this Agreement, including any Modifications as provided herein. The City will review the application as provided by the FWRC. The Parties may agree to expedited review procedures for a Project Entitlement Application subject to Developer's commitment to fund expedited review and City's ability to secure resources necessary for permit issuance. 14. SEPA Compliance. SEPA review for this Agreement is a non -project level review. Project -level SEPA review will be required as part of the Project Entitlement Application process unless exempt under FWRC 14.15.030. 15. inclusionary Zoning. The Project is subject to affordable housing requirements in Chapter 19.110 FWRC. The City is accepting a retail subsidy in satisfaction of this requirement. Developer will provide a 20% discount from market retail lease rates for at least 12,000 sq. ft. of leasable space in the Project, at least half of which will be provided during Phases I and Il, for a period of 50 years. Developer will use best faith efforts to lease retail spaces to businesses incorporated in and/or primarily operating in Washington state. 16. Concurrency Review. The Project will be subject to transportation concurrency review under Chapter 19.90 of the FWRC. Concurrency review will be conducted during Project Entitlement review for each Project Phase. Any Project Entitlement application submitted while the City Center Planned Action is in effect will be evaluated under the Planned Action and will be exempt from concurrency review if the trip generation is below the Planned Action threshold. -16- 17. Agreement to Run with the Land. For the term of this Agreement, the benefits and obligations of this Agreement shall run with the land and continue following the subdivision, leasing, or transfer of ownership to Developer's successors and assigns. 18. Term. The term of this Agreement shall be thirty (30) years from the Effective Date of this Agreement ("Expiration Date") unless the Term is modified under the provisions of Section 12 of this Agreement. The Parties recognize that neither Party can anticipate all of the potential changes in Developer's business needs, lease matters, construction techniques, or architectural design that may occur during that time period. The Vested Code Provisions are not intended to preclude future interpretations and adjustments in conjunction with specific development applications for a Project -phase. 19. Construction of Documents. In the event there are any conflicts or ambiguities between the terms of the body of this Agreement and the terms in any of the Exhibits, the terms of the body of this Agreement shall control. 20. Recitals. The Recitals are incorporated herein as material terms of this Agreement. 21. Indemnification. Except as otherwise specifically provided elsewhere in this Agreement and any Exhibits hereto, each Party shall protect, defend, indemnify and hold harmless the other Party and their officers, agents, and employees, or any of them, from and against any and all claims, actions, suits, liability, loss, costs, expenses, and damages of any nature whatsoever, which are caused by or result from any negligent act or omission of the Party's own officers, agents, and employees in performing services pursuant to this Agreement. In the event that any suit based upon such a claim, action, loss, or damage is brought against a Party, the Party whose sole negligent actions or omissions gave rise to the claim shall defend the other Party at the indemnifying Party's sole cost and expense; and if final judgment be rendered against the other Party and its officers, agents, and employees or be rendered jointly against the Parties and their respective officers, agents, and employees, the Party whose sole negligent actions or omissions gave rise to the claim shall satisfy the same; provided that, in the event of concurrent negligence, each Party shall indemnify and hold the other Party harmless only to the extent of the indemnifying Party's negligence. The indemnification to the City hereunder shall be for the benefit of the City as an entity, and not for members of the general public. 22. Agreement Consistency with RCW82.02.020. The Developer agrees that the improvements, mitigation payments and dedications established by this Agreement shall be consistent with the requirements of RCW 82.02.020 and mitigate the Project's direct impacts. 23. Recording. This Agreement shall be recorded by Developer with the King County Recorder's Office. 24. Binding Effect, Assignability. This Agreement shall bind and inure to the benefit of the Parties hereto and their respective successors, heirs, legatees, representatives, receivers, -17- trustees, successors, transferees and assigns. Developer shall have the right to assign or transfer its rights, subject to approval of the Designated Official which shall not be unreasonably withheld, in whole or in part, under this Agreement. Developer shall provide City with written notice of any transfer or assignment at least thirty (30) days prior to the closing of any transaction. 25. Interpretation. This Agreement has been reviewed and revised by legal counsel for both Parties, and no presumption or rule construing ambiguity against the drafter of the document shall apply to the interpretation or enforcement of this Agreement. Nothing herein shall be construed as a waiver of the City's constitutional and statutory powers. Nothing herein shall be construed or implied that the City is contracting away its constitutional and statutory powers, except as otherwise authorized by law. 26. Authority. Each signatory to this Agreement represents and warrants that he or she has full power and authority to execute and deliver this Agreement on behalf of the Party for which he or she is signing, and that he or she will defend and hold harmless the other Parties and signatories from any claim that he or she was not fully authorized to execute this Agreement on behalf of the person or entity for whom he or she signed. Upon proper execution and delivery, this Agreement will have been duly entered into by the Parties, will constitute as against each Party a valid, legal and binding obligation that shall run with the land, and will be enforceable against each Party in accordance -with the terms herein. 27. Delays. If either Party is delayed in the performance of its obligations in this Agreement due to Force Majeure, then performance of such obligation shall be excused for the period of delay. Force Majeure means extraordinary natural events or conditions such as war, riot, pandemic (including but not limited to COVID-19 or its variants) or other causes beyond the reasonable control of the Developer, but does not include labor disputes. The City's or Developer's inability to fund, or decision not to fund, any of its obligations shall not be an acceptable reason for delay. 28. Notices. All notices, requests, demands, and other communications called for or contemplated by this Agreement shall be in writing, and shall be duly given by mailing the same by certified mail, return receipt requested; or by delivering the same by hand, to the following addresses, or to such other addresses as the Parties may designate by written notice in the manner aforesaid: Owner: Trent Development Inc. Attn: Trent Mummery 166 Roy Street Seattle, WA 98109 Phone: 206-234-6543 Email: trent@onetrent.com go And to its Attorney: McCullough Hill PLLC Attn: Courtney Flora 701 51h Avenue, Suite 6600 Seattle, WA 98104 Phone: 206-812-3376 Email: cflora@,mhseattle.com City of Federal Way: Designated Official Attn: Keith Niven 33325 8ch Avenue South Federal Way, WA Phone: 253-835-2612 Email: keith.nivenWederalwoYwa.gov And to its Attorney: City Attorney Attn: Ryan Call 33325 8t' Avenue South Phone: 253-835- Email: ryan.call(@federalw&Ma.gov 29. Dispute Resolution. It is the Parties' intent to work cooperatively and to resolve disputes in an efficient and cost-effective manner. All disputes arising out of or relating to this Agreement shall be resolved as follows: 29.1. Settlement Meetin . If any dispute arises between the parties relating to this Agreement, then the parties shall meet and seek to resolve the dispute, in good faith, within ten (10) days after a Party's request for such a meeting. The City shall send the Designated Official and persons with information relating to the dispute, and Developer shall send a representative and any consultant or other person with technical information or expertise related to the dispute. 29.2 Mediation. If the Parties cannot resolve the issue within ten (10) days then they shall mediate the matter using a mediator from Judicial Dispute Resolution, LLC or if that entity fails or declines to serve, such other similar service or organization as agreed by the parties, or as appointed by the court if the parties cannot agree (collectively "JDR'), within seven (7) days of their failure to agree pursuant to Section 29.1. The Parties shall evenly split any fees charged by JDR, regardless of the outcome of the mediation. Each Party shall bear its own attorneys' fees in connection with the mediation. 29.3. Arbitration. If the Parties have still not resolved the matter, then and only then shall arbitration be permitted. "Arbitration" for purposes of this Agreement shall be limited exclusively to arbitration by one arbitrator, administered by JDR in accordance -19- with the rules of practice and procedure from the American Association of Arbitration. The arbitrator shall be someone other than the mediator who served under Section 29.2. The arbitrator shall establish the procedures and allow presentation of written and oral information but shall render its final decision within thirty (30) days after the matter is referred to arbitration. The Parties shall pay equally the cost of the arbitration. Pursuant to Section 32, the prevailing Party (or the substantially prevailing Party, if no one Party prevails entirely) shall be entitled to an award of reasonable attorneys' and expert witness fees and costs. The arbitration proceedings shall be binding, conclusive and, except as provided below, not appealable, and any Party to any award rendered in any such arbitration proceeding shall be entitled to have judgment entered thereon. In no event, however, shall mediation or arbitration be available pursuant to this Section after the date when institution of legal or equitable proceedings based on such claim, dispute, or other matter in question would be barred by the applicable statute of limitations. 30. Governing Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Washington. To extent permitted, venue for any judicial action arising out of or relating to this Agreement shall lie in King County Superior Court. 31. Specific Performance. The Parties specifically agree that damages are not an adequate remedy for breach of this Agreement and that the Parties are entitled to compel specific performance of all material terms of this Agreement by any Party in default hereof. All terms and provisions of this Agreement are material. 32. Attorneys' Fees. In any arbitration or judicial action to enforce or determine a Party's rights under this Agreement, the prevailing Party (or the substantially prevailing Party, if no one Party prevails entirely) shall be entitled to reasonable attorneys' fees, expert witness fees, and costs, including fees and costs incurred in the appeal of any ruling of a lower court. 33. No Third -Party Beneficiary. This Agreement is made and entered into for the sole protection and benefit of the Parties hereto and their successors and assigns. No other person shall have any right of action based upon any provision of this Agreement. 34. Severability. This Agreement does not violate any federal or state statute, rule, regulation or common law known; but any provision which is found to be invalid or in violation of any statute, rule, regulation or common law shall be considered null and void, with the remaining provisions remaining viable and in effect. 35. Cooperation in Execution of Documents. The Parties agree to properly and promptly execute and deliver any and all additional documents that may be necessary to render this Agreement practically effective. This Paragraph shall not require the execution of any document that expands, alters or in any way changes the terms of this Agreement. -20- 36. Exhibits. This Agreement includes the following exhibits which are incorporated by reference herein: Exhibit A - Legal Description of TC-3 Property Exhibit B — Conceptual Plan Exhibit C — Phasing and Timing Plan Exhibit D - Conceptual Improvement Plan 37. Full Understanding. The Parties each acknowledge, represent and agree that they have read this Agreement; that they fully understand the terms thereof; that they have had the opportunity to be fully advised by their legal counsel and any other advisors with respect thereto; and that they are executing this Agreement after sufficient review and understanding of its contents. 38. No Joint Venture. This Agreement is not intended to and nothing in this Agreement shall create any partnership, joint venture or other arrangement between the Parties. 39. Final and Complete Agreement. This Agreement is integrated and constitutes the final and complete expression of the Parties on all subjects relating to the development of the Project. This Agreement may not be modified, interpreted, amended, waived or revoked orally, but only by a writing signed by all Parties. This Agreement supersedes and replaces all prior agreements, discussions and representations on all subjects discussed herein, without limitation. No Party is entering into this Agreement in reliance on any oral or written promises, inducements, representations, understandings, interpretations or agreements other than those contained in this Agreement and the Exhibits hereto. 40. Covenant of Good Faith and Cooperation. The Parties agree to take further actions and execute further documents, either jointly or within their respective power and authority, to implement the intent of this Agreement. Each Party covenants to use its best efforts and work cooperatively in order to secure the benefits and rights under this Agreement. The Parties shall not unreasonably withhold approvals or consents provided for in this Agreement. [SIGNATURE PAGES FOLLOW] -21- IN WITNESS, the Parties execute this Agreement below. CITY OF FEDERAL WAY: ATTEST: J errell, ayor Akha6e Courtney, CMC, Ci lerk DATE: O APPROVED AS TO FORM: X-4 �l► t - f Ryan Call, City Attorney -22- INC.. , President DATE:�a� STATE OF WASHINGTON ) ) ss. COUNTY OF• APP VED AS TO FORM: Courtney Flo , Attorney On this day personally appeared before me Trent Mummery, to me known to be the President of Trent Development Inc. that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that he or she was authorized to execute said instrument and that the seal affixed, if any, is the corporate seal of said corporation. GIVEN under my hand and official seal this pa L4 - - day ofT\ , 20- Notary's signature Notary's printed name A)t Ontjctq (.ucct6lcA- Nota �-y=nli Notary Public in and for the Sate of Washington. State of Washington My commission expires Ulf T I e-c � NICHOLAS CURATOLICENSE # LA MY COMMISSION EXPIRES APR -IL 7. 2025 -23- )ISK T SE SK Exhibit A RECORD LEGAL DESCRIPTION: (PER FIDELITY NATIONAL TITLE COMPANY OF WASHINGTON, INC. COMMITMENT NUMBER 22002725—SC AMENDMENT 1, DATED OCTOBER 5, 2023 AT 8:00 AM.) PARCEL A: PARCEL A CITY OF FEDERAL WAY BINDING SITE PLAN NO. (17-102617-00—SU), RECORDED UNDER RECORDING NUMBER 20170707900001 AND RECORDING NUMBER 20180504000437, IN KING COUNTY, WASHINGTON. PARCEL B: PARCEL B CITY OF FEDERAL WAY BINDING SITE PLAN NO. (17-102617-00—SU), RECORDED UNDER RECORDING NUMBER 20170707900001 AND RECORDING NUMBER 20180504000437, IN KING COUNTY, WASHINGTON. PARCEL C: PARCEL 4A CITY OF FEDERAL WAY TCIII BOUNDARY LINE ADJUSTMENT NO. 16-104921-000—SU, RECORDED UNDER RECORDING NUMBER 20170613900004, IN KING COUNTY, WASHINGTON. GRAPHIC SCALE 200 0 200 400 I ( IN FEET ) PARCEL A I PARCEL B I PARCEL C eel- S88' 18' 18"E 981.59' (N89'50'01 "W R3) S 316TH ST Source: ALTA / ACSM Land Title Survey by PACE Engineering , July 2023 -NJ - ­ -"� - VIA 4L 4__ _ ___'�` .: '•— .� ��• +r4-C.r+�� _ -ir '_:7=_3 18D9 7TH AVE 1[ SUITE a00 - S. 314th Street 3y� sEaTTLE9e101 tl LIZ Northwest t.� L ... Block U Northeast Block Potential 3 >; North Block t aty Hall Ofliaeszi I- LgPROJECT: Masterplan _xwA F,d-1 W , W/ a' 1---t3a"�r--J�* I � `, sr�- 'iZ':i�i . � I L I f'�. i •-. ��L. •' - - � .,5,'.•l "� �•- ` .j - .uea FtCy, L�. �` ii I I .>..'•G�''�"�; - .I NA� .I..:.� ~�:•� Civic c I Plaza Southeast Block L f 41-.-_-_ _ --"-- - —. - SE �� SE 11 r - if Yh P A E C J �i�? �_ -o - W - eliminaPlanning�I-�- ! a — Pr Planng �• y'��: .- ' !� {�� • • •27 Concept Development _ I Agreement q Exhibits "�•k 7Y i► I••y w ^� -t ^• .rq -- Feb.22,2024 $. 316th S �= r Exhibit v h i b It D Sound Transit - - - Parking Garage CONCEPTUAL SITE PLAN - FULL BUILD OUT Illustrations shown massing, ,plannliminary and tand design n. show general building massing, planning intent and design direction. O Information shown here is subject to change with more detailed c rm a design, engineering and municipal review. — North wBsf • __ __ _ B/ocK ' � ory ivrr omm. PA EC y ►larFFT Bic+cfc i 1� MAO a Exhibit B CONCEPTUAL BUILDING MASSING - AERIAL VIEW t VIA. 1 ace 7TH AVE SUITE aee SEATTLE 8e101 •� 'r ' Noy'thea8< B\oGc PROJECT: $QLtttt+��47�t y TC-1 L1 7 Masterplan Fadorel Wey, WA M` t 1 _ Preliminary Planning Concept Development Sound Transit u " Agreement Parking Garage Fan.ss,sasa Illustrations shown here are preliminary and conceptual only to show general building massing, planning intent and design director. Information shown here is subject to change with more detailed design. A� engineering and municipal review 02 �>. - -_ -- --' -•-^+r- ate_._- ..g-:=r: — r. �3c4 VIA 1 _ _ . �r,..-..,.� k .:-r '?� �- -- i ''. �.�+�' '. • ..w.4 C�'� 70097THAVE SUITE80 S. SEATT1E9INaL Street PHASE IV PHASE II NORTHWEST BLOCK r-IlDeveloper Developer to submit NORTH BLOCKPHASE IIIbuilding perit on or1st, 2042 anuary or to submit building permit on m NORTHEAST BLOCK before J1st, 2032 before January Developer to submit r ALTERNATIVE PHASE I building permit on or Nr• `�� �. (Includes Road A & Civic Plaza) before January 1st, i � Developer to submit building permit on or before 2037 �r kf • — January 1st, 2027 .� PROJECT: I TCJ Rpa� 6 _ -� Masterplan . Road CIVIC 31 •8^� ilii f w _� .el �j H T h Plaza PHASE - SOUTHEAST BLOCK &CIVIC PLAZA Developer to submit building permit on or before January 1st, 2027 {t as _ Event ALTERNATIVE PHASE II t" (Civic Plaza and Road A already completed) P A E C 1-A}� ir. , �- Developer to submit building permit on or before January 1st, 2032 = preliminary Planning b y ..,•� ., Concept •� S'- -- "-'""�' - _ 1 Development ~•'�� �_.l - -- --- I Agreement Exhibits ti - -.- �• �,Fs. .._ -r.^ •� Mrr. ...-«r Feb.22, 2024 Z16th -T'--i A - Sound h r} Sound Transit [ j Exhibit %� V Parking Garage Illustr PHASING & TIMING PLAN - ALL PHASES SHOWN general willing massinn hereg, ,plannre lim intent and design nceptual n. show general building massing, planning intent and design direction. OY �r * Information shown here is subject to change with more detailed �. , „ design, engineering and municipal review- f f �� rwr r�r�r�r�rsr�r�r�r�.>•r�r�r� �,d i .tip` �- •.• EXISTING i _ CITY OWNED PAEC, SURFACE --f� T PARKING +' >b & STRAMP At Exhibit D EXISTING CONDITIONS - CONCEPTUAL IMPROVEMENT PLAN P"""—ImmPm>r ? • W . �S*61i� �rrra.:ram r�:wr.war sr r rwla.aF A. ormlrr "Awtpr1M Sound Transit Parking Garage VIA ....... r•...K" 1800 7TH AVE SUITE 800 SEATTLE 981 D1 PROJECT: TC-3 — Masterplan • Fe—I-y.WA N Ld - - N`r Preliminary Planning Concept i Development Agreement Exhibits Feb.22,2020 Illustrations shown here are preliminary and conceptual only to show general building massing, planning intent and design direction. aT Iniormalion shown here is subject to change with more detailed design, engineering and municipal review. S TO r�. L6— 4. - SmEwuK M RCMAW VIA &W-Atv TO mATcH, EXIsn G 1809 7TH AVE CVFM0A-s..—L1K SUITE 900 3140l Street SEATTLE 98101 I I 7rl I DTP I TREESIN T, •Vi'; -lip A Twit AInI,06'r+IK Os MOVABLE PLANTERS rrYUSiMM Nit 6 V '"ASCII, ': PfC*RATM; PODAWiNG FMCfN0 rF �IFQ r " 8WLO LNE TOLuseN LYl• tT.IS SIDEOF.OA.A THISPMA�W 310 y� in PROJECT: r TC41 o sr -ifitft- 00o Pilo., 0 6:o =1 — : Maslerplan PEAS -'AN Gc—snMN TO 27RD A �ANM0 MGLVou:O Road A- r P: Rr .l,lr4 W ft k."fft I W kw, ..Mli Civic T Plaza Southeast Block SE 1 Event PwAllon PHASE I SE 2 111; 1 Preliminary 4r— Planning Concept Development Agreement Exhibits F.b.22,2024 .310 leth 8 Sound Transit Exhibit D Parking Garage PHASE I -SE (AS SOUTHEAST BLOCK OPTION) CONCEPTUAL IMPROVEMENT PLAN Illustrations shown here are preliminary and conceptual only to show general building massing, planning intent and design direction. + Inf.!malion shown here is subject to change with more detailed A I dosign, enlitiRming and municipal nimw- 05 � F]RENTOFSTRfLR WK1F]kn'G PNAFF+ a • piS1TAY. DORBCUTLOCATKlN• MOURT E1f1iPHO CrfR9 rOACCL'Pr _ 'f r. +yVIA Mpp>KYAS REOWfrEO '•T STRfLTW NMG.51RCETPARN%YO FND NCWRQAQACQNNECiiOR E1d'STmG 51t1tWAu rp RLNAfk E'. NCW STRttTSCAPEFQDEO AL QKG 5. ]fM1 3T PRONDE NEwOWRB ANp = PNA$E+fRON CONNECTING EKISTING 18097TH AVE -_ �y �� �� Y TT-F "}} • SIOEWALKI.MATCH, CURBANDSIDEWALK SUITE see 314th Street SEATTLE 98101 zve wq! rF. SM 4_ 1 w�l'wa-R� r ticS; Vx ROAD •A•1Vr]r PORrHIH k �4 y:12._.�L JIyT 1" Ylr - CONSTRUCTED IN PHASE I. STOP - L�J i {- AiWESTCURB4MATCH BRADGB TDEYtSNI+D SIDEWALK ' L 1 I .1 . • - PHABBAL OUILD NEW/FINAL y G 1£* �• "�• E%ISTING PARKINGLOTANO 15 _ A LT E NATIVE 1 � .L ACCESS LANE TO REMAIN UNTIL } PNASEIV. PHASE I J •� BUILD TO CURB LINE ON EAST - �• SIDE OFROAD A THIS PHASE ^ PROJECT: e� TCJ Masterplan aT Rend R — c 00�� , Fede-I Way, WA �. �."Y"�-�rJ �fa^' �J.tY�:•- _�-.. O'er _ �r ,.. ... ,.;.........�.,�,....�.. . ,�L., L..11�.•I�:, :rl,r,.:,,rl,.:; 1=i. J Civic� — -� Plaza a CIVIC PLAZA p iiLn a-G REGE111Lr oeMaLta>tEo ' ' "- Included in hase I " (AIIEA r[Fr ep u9itr MOR CpN&fRUttWN y 1i� m t : '°tp, +l- 46.000 SF rrwuatc P dT '.� ..•�� 1 L.. Preliminary Planning Concept I•L _, ,.-; Development yar; �• ' L� [i Agreement = Exhibits 4 s� ••• +� „ F-1 Feb 22, 2024 W.j,—EKIS.nNGPAEC PARKING ._.= PHA4Y 1•By - r'`. LOi ]OACCOMODATE IS'R TURN��k`.� DEYEiOPER ,_ •f . M1RDUHD. ADDLW+ER!➢LM1ND - - RLANTER- }i ? .. �T. Sound Transit • ' -IM Exhibit D Parking Garage IllusiPHASE I-N (AS NORTH BLOCK OPTION) CONCEPTUAL IMPROVEMENT PLAN general shown here ,plannliminary and tandd sign direction, to show general building massing, planning intent and design direction. �� "W r� design, em stgrRl hero is Dubjed to change with more detailed 1 * design, engineering and mmidpal review. w �'_ ♦ PARK NG ANO NIIV W A" $JVFWA" C•C, A! ALOVIA NG S. 314 Sr AS PARTDFPNASER� ADD LEFT TURN LANE. TRAFFIC SIGNAL MOOIFCATION AS NEEDED. STREET TREES _ 1e097TH AVE �- ANOPLANiINGSWONTBEINSTALLEDUNTIL SUITE e00 PNASESISBUILT.' S. 314tt1 Street SEATTLE 98101 4112�- iaw{�jarrr�lwawAwlFiLwria`l.A� .• rf r� �'•-� North Block — � f � � il� DFOR OON5r1NIC}HI SSI GING��IFU5LD m �� �nT? ALTERNATIVE PHASE (COMPLETE -1 -? ,..-{ilIJC6AY BE QSt 0 f Y.gEAtPLISHEq ' IpRFp MAYBE V8ES1 FdR1:lFflyTRVC7ikN btA.{J.yGYAkIfIN GI PROJECT. TC-1 MasteTPlan Road A wq !- B7U9 ." _T.rt-''`i_ .�.�L `�J _'. .-- .ice; l - I►� I 7 ..1. LIJ Civic J - — g.:' •' I Plaza Southeast + Block r ALTERNATIVE EXISTING _ r � 1 CITY OWNED sr_ , y - PAEC,SURFACE ErkPa.nDn LA I_zPARKING - PH A w & STRAMP Preliminary Planning Concept IM Development � Exhibits —r- : t _ Lr ,_�-� - mow. i _ y a- �— - -�• r .... .z Feb 22, 2024 X � �,r I� � I � Gt• Sound Transit Exhibit b Parking Garage Alp I PHASE II -SE (AS SOUTHEAST BLOCK OPTION) CONCEPTUAL IMPROVEMENT PLAN Illustrations shown here are preliminary and conceptual only to show general building massing, planning intent and design direction. �� * Information shown here is subject to change with more detailed e iar R design, engineering and municipal review. s+ -•r- - ' "��,. — - ...--. ter,,. e•=--: _ A e-r' VIA _ � — coMPr.ETe srRerr Nl➢fAVNO, s rarr-r _ .� R Y RVp1N ANO NFW Cf.'RB ANO SIOEk•Auf R L AlEFT ONL SIHSTASPAR7RAFflTO SIGL OL IG"NAM TURN I] MOOIFCATILANE ON AS NEMM STREETTREES _ _ ArcOIY.tM SWONT9EINSTALLEOUNTIL •�� 1e097TH AVE ' l PHASE 3IS BUILT SUITE e00 z 5.3iAth Street - SEATTLE9ete1 - � F-7 .r. s+:. . 'r �: 1t- ��� - � - = �'�'1 "�v�, � .. � . ,.nr - fl[�i-'iYF��,� r_:. I.y.. __ � �..� ��� ,m • North Block 1 I' EA 1.._.. 1 *l lam. •; J L �UVi[-rrEGiF0 FORCDAS 7QUC1t8N Fw. � .lAR£k ilA GTTAGgNlPARtt NUi 6- . PROJECT: TC-3 4.•� ' .;--: ':�-�• ... .-1 .._ .. ... .. — Masterplan i 1 Road 11 3..: - - :.I• -r_:: .1 1 ' �'Federal WeV. WA ..,...�._... i....... ... .... � ... rr rr Civic .M Plaza AN Southeast — EXISTING PHASE I COMPLETE CITY,OWNED 2 ' PAEC, SURFACE v.as parwun SE 7 j .I PARKING Ir ' & STRAMP f — k Preliminary ' >r _ �• .^i J ...��.�. It�^. Planning Concept Development Agreement Exhibits �► �. it _ a r a. ' f,,, ' " .c.r I'�ie :y "'� - • - :y --- Feb.22, 202A S.316th Street .�,. _..~ Ply Exhibit v I Sound Transit �i r Parking Garage it PHASE II - N (AS NORTH BLOCK OPTION) CONCEPTUAL IMPROVEMENT PLAN Illuslralions shown here are preliminary and conceptual only to show general building massing, planning inlenl and design direclion. Information shown here is subject to change Alh more detailed 08 o W " design, engineering and municipal review. ~. t •. s Yr rr F- C. ter. _-- - +41b Street Aid �7C "AL 1e097TH AVE SUITE 800 SEATTLE 90101 a } j Northeast Block PHASE II COMPLETE $ W. � � PHASE III P i ®.. Li .� PROJECT: E s ..� n 1 1 Masterplan Road AJ - - «,■ • ` - - — i, = F. e...�Yne.1W CIVIC W r ro Plaza Southeast I,~ F ti PHASE I COMPLETE j Event Pavlllon � I�� a SE 2 dl _ !' L - •4 Preliminary _ Planning Concept Development *6 'i•y - •-- Y S 3tF • � L F - Exhibit v h I b it ry Sound Transit GA �,j Parking Garage y�i �j i PHASE III - SITE PLAN - CONCEPTUAL IMPROVEMENT PLAN ■ as r II Agreement Exhibits ,yr "- ^. Feb 22, 2024 Illuslralions shown here are preliminary and conceplual only to show general building massing, planning inlenl and design direction. ` Informalion shown here is subject to change wilh more delailed f07 design, engineering and municipal review. C i VIA I T 1e097TH AVE • .r f s� 4 r'• _ a SUITE800 •,•� - - S. 51410 $tfeet w .. SEATTLE 98101 ... �...�i.n V ' Northwest j Block I nIn1+h Rlnr-I,- Northeast Block `I Pobantial c hi City Hall Offices PHASE IV PHASE II COMPLETE I PHASE III COMPLETEf • IVill, I '3' PROJECT: r -, 9, � �� i ����'�:iw.. •�.'���.`I7_3"i'. ��i� s r.�� i f! i 1 _., _ :{ Maste pClan Road A- _ �� I � - .>���'�_�' � .L� �."'1�;�✓ Syr-_( __ _ " ApfREi PA 4MrtvTtl PivEF ! !'.-�;-'�+� _ __ - ;• �y� rr �a.onmro.ew..w an- FF 1: - CXF. F •em vc maz n.n•, r I _ Civic 'PIP Irpvrsrarue wu� + M Plaza Southeast i Block ,' MAW 1 1 PHASE I COMPLETE Event PaNlk AjIIIIIIIII. SE 7 - •I - P A E C ;{ "}_ - I Preliminary C•. �• �.� «at _ - ;I Planning .. ..:.� � .I Concept - •' sue, �,•;�: R '-5 �� 1y4{•;i : ._ "� _ _ i - .r Development i;_ — Agreement �:.. �.,.. Exhibits K.� Ai.,.hr Feb.22, 2024 - f Exhibit D Sound Transit Parking Garage I PHASE IV - SITE PLAN - CONCEPTUAL IMPROVEMENT PLAN �� aMngOt Otani nddingn�Ioclion.nly to how general building massing, ptarniny �llenl and dilsgn d�1ec6�an. =fir * Information shown here is subject to change with more detailed 7 • rev r design, engineering and municipal review. Public Access and Travel Easement rronv & ] I!M vo'Lwr fe )fdN rAroer •n0 Hern Ree6 F lrisl 1 Arm and ro Pafe n RelchDaver Wey (Shadetlln Plnk) - S. 314th Street .r - w+ � rw:� •� `'l •.I�._1�:-�..,4i�.ti: :u`ir r .ice .. .37r�i:.. - - -- --- � wr ! PHASE IV PHASE II �• ;3 Q�'i PHASE IIIIt G Exls[ing Sidewalks and • �' Stairs Provide Part of Cross Site Public Access:Y:tiT':.;1: - `r s • Road A ID 124 IM Public Access and Travel Easement Civicr Y3 i�.3f.ID SDre[fa 11CurSbe.r rya nonRadAriv,r y + Pl P HAS E I ; -; hr. lvn Re+rAhver wu'r.,'r�tlsa In PmaJ ': L ess and Travel EasementRoadA (aM1edatlInPInMJ J�ZEvent PavlllonPAEC - ExislinSidewalks and Stairs Provide Part of Crossite Public Access" Ex h i b! t V Sound Transit 1 Parking Garage CONCEPTUAL EASEMENT PLAN - ALL PHASES SHOWN �+ u is R n1809 7TH AVE SUITE a00 SEATTLE 9a101 PROJECT: Tca Masterplan _ q Fodoral Way, WF Preliminary Planning IConcept Development Agreement Exhibits Illustrations shown here are preliminary and conceptual only to show general building massing, planning intent and design direction. Informalion shown here is subject to change with more detailed design, engineering and municipal review. 11 PRECEDENT EXAMPLE - ROAD A h SldoNiAc a P`LW1 r Two Way PIOr{S9F Rao Specs Trai Or ParldnV Tr rl Lyre Dr I.,"' No Street PaA, g This Side Road A West Arm Only STREET SECTION - ROAD A Exhibit D VtA 1809 7TH AVE SUITE 800 SEATTLE 99101 PROJECT: TC-3 Masterplan Federal Wey, WA Preliminary Planning Concept Development Agreement Exhibits Feb 22,2024 Illustrations shown here are preliminary and conceptual only to show general building massing, planning I intent and design direction, Information shown here is subject to change with more detailed design, engineering and municipal review. 12 BUSINESS INFORMATION Business Name: TRENT DEVELOPMENT INC. UBI Number: 604 077 859 Business Type: WA PROFIT CORPORATION Business Status: ACTIVE Principal Office Street Address: 166 ROY ST, SEATTLE, WA, 98109-4128, UNITED STATES Principal Office Mailing Address: 166 ROY ST, SEATTLE, WA, 98109-4128, UNITED STATES Expiration Date: 01/31/2025 Jurisdiction: UNITED STATES, WASHINGTON Formation/ Registration Date: 01/18/2017 Period of Duration: PERPETUAL Inactive Date: Nature of Business: REAL ESTATE REGISTERED AGENT INFORMATION Registered Agent Name: TRENT MUMMERY Street Address: 166 ROY ST, SEATTLE, WA, 98109-4128, UNITED STATES Mailing Address: 166 ROY ST, SEATTLE, WA, 98109-4128, UNITED STATES GOVERNORS Title Governors Type Entity Name GOVERNOR INDIVIDUAL First Name TRENT Last Name MUMMERY Washington State Department of Revenue A < Business Lookup License Information: New search Back to results Entity name: TRENT DEVELOPMENT INC. Business TRENT DEVELOPMENT INC. name: Entity type: Profit Corporation UBI #: 604-077-859 Business ID: 001 Location ID: 0002 Location: Active Location address: 166 ROY ST SEATTLE WA 98109-4128 Mailing address: 166 ROY ST SEATTLE WA 98109-4128 Excise tax and reseller permit status: Click here Secretary of State status: Click here Endorsements Endorsements held i License # Count Details Status Expiratior First issue Endorsements held i License # Count Details Federal Way General Business - Non -Resident Status Expiratior First issua Active Apr-30-2( Apr-25-2( Governing Pe o p I e May include governing people not registered with Secretary of State Governing' people MUMMERY, TRENT Registered Trade Names Registered trade names Status TRENT DEVELOPMENT INC Active Title President First issued Feb-08-2018 View Additional Locations The Business Lookup information is updated nightly. Search date and time: 4/29/2024 1:33:37 PM Contact us How are we doing? Take our survey! 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