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Res 1420 - Agrmt Waremart 'i;,~~ COUNCIL BILL NO. 1805 RESOLUTION NO. 1420 A RESOLUTION ENTERING INTO A CONSTRUCTION FINANCE AGREEMENT WITH WAREMART, INC. TO PROVIDE FOR ADMINISTRATION AND FUNDING OF A STATE OF OREGON IMMEDIATE OPPORTUNITY FUND PROJECT FOR ROAD IMPROVEMENTS ON HIGHWAYS 214 AND 219 AND THE 1-5 INTERCHANGE REQUIRED BY CONSTRUCTION OF WARE MART'S DISTRIBUTION CENTER AND AUTHORIZING THE MAYOR AND CITY RECORDER TO SIGN SUCH AGREEMENT. WHEREAS, Construction of the Waremart, Inc. Distribution Center required Highway 214 and 219 and 1-5 interchange roadway improvements, and WHEREAS, The State of Oregon provided Immediate Opportunity Fund program financing for the roadway improvements required by the Waremart Distribution Center, and WHEREAS, The City of Woodburn through the State of Oregon Agreement No. 14,736 is required to administer the construction contract for the required improvements, and WHEREAS, The State of Oregon is not allowed by state law to enter into an agreement with a private company to accomplish administration and funding for the Immediate Opportunity Fund (lOF) project that was approved to provide roadway improvements for the Waremart, Inc. distribution center, and WHEREAS, To receive the 10F project that has been approved for the roadway improvements an agreement is required between the City and Waremart, Inc. for administration and funding; NOW THEREFORE THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 1. That the City of Woodburn enter into a Construction Finance Agreement agreement with Waremart Inc. which is attached as Exhibit II A II and by this reference incorporated herein for administration and funding of a State of Oregon Immediate Opportunity Fund project for roadway improvements on Highway 214 and 219 and the 1-5 Interchange required by construction of Waremart's distribution center. Section 2. That the Mayor and City Recorder are authorized to sign said agreement on behalf of the City of Woodburn. Page 1 - COUNCIL BILL NO. 1805 RESOLUTION NO. 1420 ..-- "--....-"-...",-.". , . '1 "'".,~ Approved as to form~~ City Attorney 6~(1-11- Date APPROVED:r ~ ~.~~ ~cy ~y, Mayor . Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder ~ '--'---7 0 __ . ......J ATTEST: ~ ~r~~ Ma v T~nant, Recorder City of Woodburn, Oregon June 23, 1997 June 25, 1997 June 25, 1997 June 25, 1997 Page 2 - COUNCIL BILL NO. 1805 RESOLUTION NO. 1420 .- ._" ~.._.."..._- ._..~- ... .., Exhibit "A" Page ---1- of 4 1 OF-- CONSTRUCTION - FINANCE AGREEMENT IMMEDIATE OPPORTUNITY FUND PROJECf TIllS AGREEMENT is made and entered into by and between the CITY OF WOODBURN. an Oregon municipal corporation, acting by and through its elected officials, hereinafter referred to as "City", and W AREMART, INC., a corporation authorized to do business in the State of Oregon, acting by and through its company officials, hereinafter referred to as "Company". RECITALS 1. The Oregon Transportation Commission, at its July IS, 1988, meeting, approved establishing an Immediate Opportunity Fund (lOF). The pwpose of the IOF is to support specific economic development in Oregon through the construction or improvement of roads. Funding is reserved for cases where there is an actual transportation problem to be solved, and where a development location decision hinges upon an immediate commitment of road construction resources. 2. The State of Oregon, acting through its Department of Transportation (hereinafter referred to as "State") has entered into IOF Agreement No. 14.736 with City which outlines State and City responsibilities for the IOF project. 3. Company plans to build a new distribution center on an 80 acre site in Woodburn. The project will include improvements to the Woodburn 1-5 interchange and to the Hillsboro- Silverton Highway as follows: half street improvements across the entire frontage of the Waremart property along the Hillsboro-Silverton Highway at the standard of a five lane arterial, right-turn lane on northbound off-ramp, new traffic signal at northbound off- ramp, and interconnection of the two signals at the interchange northbound and southbound ramps (hereinafter referred to as "the Improvements"). The Improvements are approximately as shown on Exhibit "A", attached hereto and by this reference made a part hereof. 4. In addition, Company bas agreed to pay for the cost of one half of the additional frontage improvements along the Hillsboro-Silverton Highway that are required to extend from the eastern boundary of the proposed Hillyer's Ford dealership to the southbound on-ramp to 1-5. 5. The new traffic signal at the northbound off-ramp is covered by Agreement No. 14,751 between State and City. 6. The highway widening and other improvements along the frontage of Hillyer's Ford (hereinafter referred to as Hillyer's) on the Hillsboro-Silverton Highway will be funded pursuant to the terms of a separate agreement to be entered into between Hillyer's Mid- City Ford, Inc. and City. Said frontage improvements are part of the entire project but not a part of the IOF reimbursement. Page 1 - CONSTRUCTION-FINANCE AGREEMENT ....-.. ,-"'''-'''~.-, '~_f'_~_"""";"'~"_"_""" It '1 .'-. Exhibit "A" Page -2L of 4 7. The project meets the IOF criteria. The cost of the Improvements is estimated to be $570,000. The Oregon Economic Development Department is requesting assistance on this project in the amount of 50 percent funding, or up to $285,000. The matching 50 percent will be provided by City ($122,797, per Agreement No. 14,571) and Company ($162,203). 1( 8. State has agreed to provide IOF funds up to an amount not to exceed $285,000. Any project costs, as outlined in this Agreement, over this amount shall be the responsibility of Company. NOW, THEREFORE, the premises being in general as stated in the foregoing RECITALS, it is agreed by and between the parties hereto as follows: ARTICLE 1. OBLIGATIONS OF CITY 1. City agrees to fund, pursuant to Agreement No. 14,571, the sum of $122,797 as City's share of the Improvements. 2. City agrees, by January 30, 2005, to send to State a written report documenting the number of new employment positions created and filled by Company at the Woodburn Distribution Center from the start of construction until December 31, 2004. The data contained in City's written report to State shall be based upon the information supplied to City by Company. ARTICLE 2. OBLIGATIONS OF COMPANY 1. Company agrees to pay to City the sum of $162,203 as Company's share of the Improvements. 2. If the total cost of the Improvements exceed $570,000, Company agrees to pay to City an additional sum equal to the full amount of the excess cost. 3. Company shall be solely and exclusively responsible for half street improvements to Highway 219 for a distance of 474.23 feet beginning at the northwest corner of tax lot 100, map 5-2W-11, and proceeding easterly along said frontage to a point where the Tax. lot joins tax lot 105, owned by Hillyer. 4. Company and Hillyer shall be equally responsible for road improvements to Highway 219 and the freeway interchange from the eastern terminus of the Hillyer's street improvement obligation to the beginning of the project (station 0+00 on the engineering plans prepared by Westech Engineering) at the entrance to the south bound freeway on-ramp, an approximate distance of 25 5 feet. Page 2 - CONSTRUCTION-FINANCE AGREEMENT .-.,.._~- . 1 QE.. Exhibit "A" Pagelof4 5. Company agrees, by January 15,2005, to send to City a written report documenting the number of new employment positions created and filled by Company at the Waremart Woodburn Distribution Center from the beginning of construction until December 31, 2004. 6. Company understands and agrees that, pursuant to IOF requirements, Company is under a legal obligation to create and fill at least 350 new employee positions at the Waremart Woodburn Distnoution Center from the beginning of construction until December 2004. In the event that 350 new employee positions are not created and filled by Company at the Waremart Woodburn Distribution Center from the beginning of construction until December 31, 2004 and State seeks to recapture all or a portion of the $285,000 State contribution, Company agrees to pay to State a sum equal to amount State seeks to recapture. ARTICLE 3. JOINT OBLIGATIONS OF CITY AND COMPANY 1. City and Company shall conduct the necessary field surveys, perfonn all PE design work required to produce plans, specifications, and cost estimates; obtain all required permits; and arrange for utility relocations. 2. City and Company shall forward to State, through the assigned liaison person, project plans, specifications, and cost estimates prior to advertisement for construction bid proposals. 3. City and Company shall prepare the contract and bidding documents and advertise for bid proposals. City shall award all construction contracts and pay all construction contract costs associated with this project. City shall be reimbursed, as part of total project costs, construction contracts and administrative expenses associated with completion of this obligation. 4. City and Company shall comply with all requirements stated on the permit issued by State's District 3 office. 5. City and Company shall furnish competent, qualified people to assure that all construction engineering, materials testing, technical inspection, and project manager services for administration of the contract are performed properly and per ODOT specifications. City and Company shall provide to State permanent mylar "as constructed" plans stamped by a Registered Professional Engineer assuring all phases of the construction work was done in conformance with the plans and specifications. 6. City and Company shall compile accurate cost accounting records. When the actual total PE and construction costs of the project have been computed, City shall furnish State with an itemized statement of said total costs. City shall be reimbursed, from the total project costs for the administrative expenses associated with completion of this obligation. Page 3 - CONSTRUCTION-FINANCE AGREEMENT ...-".--~-~- -. , '1 "<.""""" ARTICLE 4. OTHER PROVISIONS 1. The intent of the parties is that the Improvements shall be completed by December 1, 1997. 2. Company understands and agrees that, notwithstanding the other provisions of this Agreement, City is under a legal obligation to State not to allow company to open its W aremart Woodburn Distribution Center until the traffic signal at the northbound off- ramp is completed to State specifications and approved by State and until the rest of the project is under contract. 3. The costs records and accounts pertaining to the work covered by this Agreement shall be retained for inspection for a period of three years following final payment. Copies shall be made available upon request. 4. In the event a suit or action is instituted to enforce any right guaranteed pursuant to this Agreement, the prevailing party shall be entitled to, in addition to the statutory costs and disbursements, a reasonable attorney's fee to be fixed by trial and appellate courts respectively. IN WITNESS WHEREOF, the parties hereto have set their hands and affixed their seals of the day and year hereinafter written. WAREMART, INC., by and iliroU~: ~ZciIDs ~--~~ T~t1eJ~'I? Pc-,Vl7Ub7jv{ o~ 'T Date l/23/Q') , ( CITY OF WOODBURN, by and through its Mayor r By' NANCY A. Date June 25, 1997 Attest: (Y\~~ City Re~or Date: APPROVED AS TO FORM: B;YJ(YVd-~ City Legal Counsel r _ jo _ Gj I'l_ Date: I.? I APPROVED AS TO FORM By: Company Legal Counsel Page 4 - CONSTRUCTION-FINANCE AGREEMENT .-~..._- .. '1 1QE Exhibit "A" Page Lof4 ARTICLE 4. OTHER PROVISIONS 1. The intent of the parties is that the Improvements shall be completed by December 1, 1997. 2. Company understands and agrees that, notwithstanding the other provisions of this Agreement, City is under a legal obligation to State not to allow company to open its W aremart Woodburn Distribution Center until the traffic signal at the northbound off- ramp is completed to State specifications and approved by State and until the rest of the project is under contract. 3. The costs records and accounts pertaining to the work covered by this Agreement shall be retained for inspection for a period of three years following final payment. Copies shall be made available upon request. 4. In the event a suit or action is instituted to enforce any right guaranteed pursuant to this Agreement, the prevailing party shall be entitled to, in addition to the statutory costs and disbursements, a reasonable attorney's fee to be fixed by trial and appellate courts respectively. IN WITNESS WHEREOF, the parties hereto have set their hands and affixed their seals of the day and year hereinafter written. W AREMART, INC., by and through its Corporate Officials CITY OF WOODBURN, by and through its Mayor By By Title Date Date Attest: City Recorder APPROVED AS TO FORM APPROVED AS TO FORM: By: Company Legal Counsel By: City Legal Counsel Date: Date: Page 4 - CONSTRUCTION-FINANCE AGREEMENT "'_;"''''M~~'__'_~ I' l