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Res 1075 - Auth Exctn Agmt LID COUNCIL BILL NO. 1331 RESOLUTION NO. 1075 A RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT IN LIEU OF AN Ll.D. FOR THE CONSTRUCTION OF CERTAIN SEWERAGE IMPROVEMENTS. WHEREAS, the involved private parties contemplate development within the incorporated limits of Woodburn, Marion County, Oregon; and WHEREAS, the City has obtained a Special Public Works Fund Award Contract, No. L91013 from the State of Oregon for the construction of certain sewerage improvements and the actual construction bid exceeds the original estimates; and WHEREAS, the State of Oregon has agreed to make additional funds available to complete said sewerage project; and WHEREAS, the involved property owners will be benefitted by such sewerage improvement and it is appropriate that they pay a fair share of the expense in proportion to their respective acreages; and WHEREAS, all parties agree that there is an efficient and equitable method of constructing and paying for said sewerage improvements; and WHEREAS, the completion of this infrastructure development will provide needed sewer linkages in the freeway interchange area to benefit the citizens of the City as a whole, NOW, THEREFORE, THE CITY OF WOODBURN RESOLVES AS FOLLOWS: SECTION 1. The Mayor is authorized to sign the Agreement in Lieu of an Ll.D. on behalf of the City of Woodburn, a copy of whi is attached hereto and incorporated herein. ':)/ ?{ _ 2 2 -1 I Approved as to form; ~ City Attorney APPROVED: Date ~e2u)~ FRED W. KYSER, MAY August 26, 1991 Passed by the Council Submitted to the Mayor August 27, 1991 August 27, 1991 August 27, 1991 Approved by the Mayor Filed in the Office of the Recorder ATTEST: 11~~~ Mary len t, Deputy Recorder City of Woodburn, Oregon Page 1 - COUNCIL BILL NO. 1331 RESOLUTION NO. 1075 ~. 1r DEVEWPMENT AGREEMENT THIS AGREEMENT is made by and between the CITY OF WOODBURN, an Oregon municipal corporation (hereinafter "CITY"); PIONEER TRUST BANK, N.A., TRUSTEE FOR IOHN N. HOOPER (hereinafter "PIONEER"); KLAW HOLDINGS, an Oregon partnership consisting of Keith L. Hershberger and A. Ward Hershberger; GEORGE F. BRICE, III; PRAIRIE CORPORATION, an Oregon corporation; JACK FOX; and DAVIDSON FARMS, INC., an Oregon corporation. RECITALS WHEREAS, the above-named private parties contemplate development within the incorporated limits of Woodburn, Marion County, Oregon; and WHEREAS, Brice and Fox each have a portion of the property of Pioneer Trust Bank under option; and WHEREAS, the City of Woodburn obtained a Special Public Works Fund Award Contract, number L91013 from the State of Oregon for the construction of certain sewerage improvements, and the actual construction bid exceeds the estimates by $290,919.00 mall as described in Exhibit A attached hereto; and WHEREAS, the State of Oregon has agreed to make a grant in the amount of $33,345.00 to the CITY, which leaves a nonfunded cost of $257,574.00 to complete such sewerage project; and WHEREAS, the State of Oregon has agreed to loan such unfunded cost to the City of Woodburn at an interest rate estimated at 6 1/2 % per annum (to be determined by State bond sale), to be repaid over a period of twenty (20) years; and WHEREAS, the above named property owners will be benefitted by such sewerage improvement in direct proportion to the acreages of their properties as set forth on Exhibit B attached hereto (estimated acreage); and WHEREAS, time is of the essence with respect to such construction and the contract for construction must be awarded immediately to take advantage of the current building season and the property owners consider an emergency to exist, and the property owners have, therefore, requested the CITY to impose a charge in lieu of a local improvement district assessment upon such properties since there is insufficient time, under the circumstances, to form a local improvement district; and WHEREAS, all of the parties desire to agree upon an efficient and equitable method of constructing improvements. NOW, THEREFORE, the parties agree as follows: Section 1. CONSTRUCTION OF IMPROVEMENTS. The CITY agrees to construct certain sewerage improvements known as the West Woodburn Sewerage Project and described in the Special Public Works Award Contract, number L91013, and more specifically described in the plans and specifications for such project which are on file with the Public Works Department of the City of Woodburn. The CITY agrees to immediately award the contract to Page I - Development Agreement MISC\DIO:wi.AGR "~.,_..~-- .<...._._^.._'-'t""_.-n-...,._~"'._"._-_..,.._--._-~-------,- the lowest bidder, and to cause the contractor to immediately begin construction and to complete such project according to the plans and specifications set forth in the construction contract. Section 2. BENEFlTIED PROPERTY. The terms of this Section 2, as it applies to Pioneer Trust Bank, N.A., Trustee for John N. Hooper ("PIONEER") shall be subject to the terms of Section 3B below. The above described property owners consider that their properties are being benefitted by the completion of such sewerage project in the proportions as set forth on Exhibit B attached hereto. The property owners agree that their property is benefitted according to their respective acreages, and each of the property owners shall cause a survey to be made of its property and submit the surveyor's certified acreage, which will be final and binding, since Exhibit B is on an estimated basis. Each of the property owners shall further cause its surveyor to submit a legal description to the City of Woodburn setting forth a surveyor's certified legal description for the property to be bound by this Agreement. Attached hereto as Exhibit C are preliminary descriptions, which are estimated to be the actual legal descriptions for the properties, but the surveyors' certified legal description shall be submitted to the CITY and shall be conclusive and binding with respect to each owner. Such survey shall be completed at the cost and expense of the individual owner ordering the survey. Section 3. CHARGE IN LIEU OF A WCAL IMPROVEMENT DISTRICT ASSESSMENT. A. The terms of this paragraph A, with respect to the obligations of PIONEER, are subject to the terms of paragraph B. The property owners normally would petition the CITY to form a local improvement district in order to construct the improvements and amortize the same over time. However, because of the emergency situation and the need to commence construction immediately, there is no time to form a local improvement district and, therefore, the property owners request that the CITY impose a charge in lieu of a local improvement district assessment of $800.00 per acre for the 254.78 estimated acres, or a total charge of $203,800.00, to be spread against the properties according to respective acreage as set forth on Exhibit D attached hereto. The acreages set forth on Exhibit D are estimates, and each of the property owners shall cause a surveyor to certify to the CITY the actual acreage benefitted from his property, and such final certification of acreage shall be binding upon the parties. In no event shall the cost to the property owners exceed the principal sum of $203,800.00 and the balance of all costs shall be born by the CITY. In the event that project costs exceed the bid for any reason, then the CITY shall be responsible for such payment, and in the event of cost savings (other than deletions or restrictions of the scope of the work) then the savings shall inure to the benefit of CITY. In the event that the scope of the project is substantially reduced then the cost of those reductions shall be deducted from the contributions of the property owners above described, then the cost of those reductions shall be deducted from the contributions of the property owners above described. The $800.00 per acre charge in lieu of a local improvement district assessment shall be repaid according to the schedule set forth on Exhibit E, which is an estimation of the amortization of $1,000.00 of such principal cost at 6.5 % per annum. The actual interest rate to be charged to the property owners shall be the same interest rate as the CITY obtains from the State of Oregon on its loan described in Exhibit A, as determined by State bond sale. Property owners shall not be required to make any payment until January of 1994 since interest shall be deferred for the last quarter of 1991 and for the years of 1992 and 1993. Commencing January 1, 1994, payment shall be made by the owners to amortize the principal and interest on the estimated basis set forth on Exhibit E attached hereto. The parties understand that the actual amortization by payments may differ from Exhibit E inasmuch as the interest rate is currently unknown and interest will only commence as and when principal amounts are advanced, which will be on a periodic basis during construction. The property owners agree that their properties are benefitted in proportion to their acreage as estimated on Exhibit B and to be certified by survey. The property owners further agree that Page 2 - Development Agreement MISC\DI036.AGR ~ __'__'.'_'.."'___""_~~_"NW'~_'._"'_'.~~____.___'~_ their covenants hereunder, and their liability for repayment to the CITY, shall be a lien upon their respective parcels of real property preliminary described on Exhibit C attached hereto with certified surveyors' descriptions to be furnished to the CITY, and such liens to secure performance as hereinafter set forth. B. The terms of this Section 3 shall apply to PIONEER as follows: (1) There shall be no charge imposed against PIONEER'S property until such time as a sale to a third party is closed and the property is annexed to the City of Woodburn. (2) PIONEER shall not be required to provide a surveyor certified acreage amount or a surveyed legal description of its property until such time as a sale to a third party is closed and the property is annexed to the City of Woodburn. (3) At such time as a sale by PIONEER to a third party is closed and property is annexed to the City of Woodburn the charges described in paragraph A above shall be imposed on the property which is sold and annexed at the rate of $800.00 per acre and the sale agreement shall provide terms consistent with this subsection B. (4) Upon the closing of any such sale, the Purchaser shall assume the obligation to make payments attributable to the purchased properties according to the terms of paragraph A. (5) In the event any installment payment required under paragraph A has been made prior to such purchase, Purchaser shall, within 30 days following the closing of such purchase, reimburse any party or entity which made such payment for that part of the payment which is attributable to the purchased property, plus interest thereon from the date of the payment at the rate of 10% per annum. (6) JACK FOX agrees, with respect to PIONEER'S 4.72 acre tract of 1-5, if such property has not sold by January 1, 1994, he will assume and pay the installments relating to such property, to be reimbursed as provided in section (5) above. GEORGE F. BRICE, III and PRAIRIE CORPORATION make the same agreement to assume and pay installments with respect to PIONEER'S 172.48 acre tract east ofI-5. Section 4. TERMS OF AGREEMENT ARE COVENANTS. It is intended by all parties to this Agreement that all terms of the Agreement shall constitute covenants, conditions and restrictions running with title to the real properties covered by this Agreement, and shall be binding upon the parties to the Agreement, their heirs, executors, and assigns, and shall be a benefit and burden upon the properties described herein. The parties agree that CITY may, in order to recover the costs of improvements described herein, levy assessments against the properties for the specific purpose of enforcing the parties' respective obligations under this Agreement and may enforce payment of said assessments in the manner provided by ORS Chapter 223. Upon each party's completion of its respective obligations under this Agreement, CITY shall release that party from CITY's right to secure that party's performance under this Agreement by assessments. Section S. ASSIGNMENT. The parties agree that the terms of this Agreement are binding upon them as well as any successors in interest, heirs or assigns. Each party agrees that prior to any assignment of their respective interest herein that they shall secure from their respective assignees, as a condition of such assignment, the assignee's written Agreement to carry out the assignor's obligations under this Agreement. Page 3 - Development Agreement MISC\DI0J6.AGR ---- ....._-,.~.,----"._.., ..--~.,--_r__'.-----'--,....-----~.--.,-' Section 6. RECORDATION. Promptly after its execution by the parties, and its authorization by the City of Woodburn's council, CITY shall record this Agreement in the records of Marion County against each of the properties herein to provide public notice, and especially notice to future owners of property described herein of the conditions, covenants, and restrictions against title to the properties imposed by this Agreement. Section 7. RELEASES. Any of the property owners may satisfy their obligations hereunder with respect to specific acreage by paying unto CITY the amount of the per acre assessment, plus interest with respect to that acreage, and thereupon obtain a release of such acreage from this Agreement. In lieu of paying off such assessment in full with respect to such acreage, such property owner may place cash in an interest bearing irrevocable escrow, or similar account, under terms such that the principal cannot be released without the written Agreement of CITY. Such escrow account will provide that accrued interest will be released to the property owner depositing the funds, and in the event that the periodic payments of the development liability for the acreage released is not made, then such payment shall be made from escrow to the CITY. Upon deposit of the funds and the establishment of an escrow, according to the terms of this paragraph, such acreage shall be released from the lien of this Agreement by CITY. Section 8. TERMINATION AND AMENDMENT. This Agreement shall be terminated upon all parties completion of the obligations hereunder and may be amended by a subsequent written agreement of all of the parties. Section 9. ATTORNEY FEES. In the event of any suit or action to enforce this Agreement, the prevailing party shall be entitled to, in addition to the statutory costs and disbursements, reasonable attorneys fees to be fixed by trial and appellate courts from the time such action is filed. Section 10. SEVERABILITY. If any provision or part hereof is for any reason determined by a court of competent jurisdiction to be invalid or unenforceable, then such part Page 4 - Development Agreement MlSC\DI036.AGR __. .__._............m._... . shall be severed from this Agreement and the remainder of the Agreement shall remain fully enforceable, DATED this day of , 1991. DAVIDSON FARMS, INC. PIONEER TRUST BANK, N.A., Trustee for John N. Hooper By: By: President By: KLA W HOLDINGS Secretary PRAIRIE CORPORATION By: Keith L. Hershberger, Partner By: President By: A. Warde Hershberger, Partner By: Secretary George F. Brice, III Jack Fox STATE OF OREGON ) ) ss. ) County of Marion On this day of , 1991, personally appeared before me , who is a of PIONEER TRUST BANK, N.A., TRUSTEE FOR JOHN N. HOOPER and acknowledged the foregoing instrument to be its voluntary act and deed. Notary Public for Oregon My Commission Expires: Page 5 - Development Agreement MISC\DI036.AGR ..--. _.,-~,~ "-"'...._,."~.".._,..........'.,.-..,,..--~,..~---~-----_.~. STATE OF OREGON ) ) ss. ) County of Marion On this day of , 1991, personally appeared DONALD J. DAVIDSON and DORIS A. DAVIDSON who, being duly sworn, did say that the former is the president and that the latter is the secretary of DAVIDSON FARMS, INC., an Oregon corporation, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation and that said instrument was signed and sealed on behalf of said corporation by authority of its Board of Directors; and each of them acknowledged said instrument to be its voluntary act and deed. Notary Public for Oregon My Commission Expires: STATE OF OREGON ) ) ss. ) County of Marion On this day of , 1991, personally appeared before me the above named KEITH L. HERSHBERGER AND A. WARDE HERSHBERGER, co-partners doing business as KLA W HOLDINGS, a partnership, and acknowledged the foregoing instrument to be their voluntary act and deed. Notary Public for Oregon My Commission Expires: STATE OF OREGON ) ) ss. ) County of Marion On this day of , 1991, personally appeared and who, being duly sworn, did say that the former is the president and that the latter is the secretary of PRAIRIE CORPORATION, an Oregon corporation, and that the seal affixed to the foregoing instrument is the corporate seal of said corporation and that said instrument was signed and sealed on behalf of said corporation by authority of its Board of Directors; and each of them acknowledged said instrument to be its voluntary act and deed. Notary Public for Oregon My Commission Expires: Page 6 - Development Agreement MlSC\D1036.AGR --- .,.~._~._--~-~~"~'t 'Il' ST ATE OF OREGON ) ) ss. ) County of Marion On this day of , 1991, personally appeared before me the above named GEORGE F. BRICE, m and acknowledged the foregoing instrument to be his voluntary act and deed. Notary Public for Oregon My Commission Expires: STATE OF OREGON ) ) ss. ) County of Marion On this day of , 1991, personally appeared before me the above named JACK FOX and acknowledged the foregoing instrument to be his voluntary act and deed. Notary Public for Oregon My Commission Expires: The City of Woodburn is executing this Agreement for the purpose only of acknowledging and agreeing to the manner in which the property herein is being developed. The City of Woodburn assumes no liability for any of the development contemplated by this Agreement. DATED this day of , 1991. CITY OF WOODBURN By: Page 7 - Development Agreement MISC\DI036.AGR ,.- .' +-_.~.t.._-^~. _.____w.~_,,__.____...___._,._..," ~ . / CITY OF WOODBURN 270 Montgomery Street · Woodburn, Oregon 97071 . 982-5222 August 13, 1991 Yvonne Addington Manager, Oregon Community Development Programs Economic Development Department 775 Summer St., N.E. Salem, OR 97310 RE: Request for Additional Funds to Complete West Woodburn Sewerage Project, Special Public Works Fund Award Contract #L91013 Dear Ms. Addington: The City of Woodburn is trying to complete a much needed sewerage project to serve the West and Southwest sections of town. Although the State has provided adequate funding support based on the original estimates, the bids are much higher than anticipated. Therefore, additional funding is necessary to accomplish the original goal of completing the needed sewerage project approved by your department. Originally it was expected that the sewerage project could be completed for $676,000.00 but after receiving the final bids we know that it will take an additional $359,585.00 to complete the planned construction. Therefore, we request funding support as follows: 1. Grant $ 33.345.00 2. loan 257,S78:.&f ~ 328.24 . Total $ 290,919'00 359,565.0& ~ The entire funds received will be used for the construction of the sewer lines, pump station and related engineering expenditures. The security of the loan will be same as the original loan approved by you for this project. We request that the payment schedule be made in a way that the first two years payments are limited to the interest on the loan only. The other terms be the same as the original grant approved by you for this project. EXHIBIT A ____ .._.- ."'-------.-'.....--1~'~........._----,.." '"" ~ I '-- .1 H.W.!. I I . ~. DAVIDSON '. FARMS 69.13 Ac 172.4a Ac . I I I ~! ~! ~: ~i ~J ~j \,! ~I ~; " . \ \ "-~~"\.'>...~'..\."\.\."::: PIONEER . .'TRUST ~ ~~ \'~ Benefitted Property Owners Benefitted Property Owners to Share Sewerage Improvement Cost (Additional) . -" //'/ //" .,.-//". LEGEND .1 EXHIBIT B ..".....- '.'--'-'~_. _....,---'~-_.--t- f PROPERTY LEGAL TAX LOT NUMBER AND/OR LEGAL DESCRIPTION PROPERTY TAX LOT NUMBER No. of Acres a. Pioneer Trust (east of 1-5) 172.48 44159-000 44155-000 b. Pioneer Trust (west of 1-5) 4.72 44069-000 44072-000 c. KLAW Holdings 8.45 44075-234 44072-002 d. Davidson Farms 69.13 44158-000 Total 254.78 TAXLOT Exhibit C CALCULATION OF PROPERTY OWNERS' SHARES No. of Acres a. Pioneer Trust (east of 1-5) 172.48 b. Pioneer Trust (west of 1-5) 4.72 c. KLAW Holdings 8.45 d. Davidson Farms 69.13 Total 254.78 Total contribution 254.78 x $800 - $203,800 Funding needed = $ 257,574 203,800 From property owners = Balance (City support) $ 53,774 Note 1. City will get back its investment through payments from other properties, direct and indirect SHARES Exhibit D .....-. '<-"'~."f" -.~'r-.. .,...~_'"._,,~"._M_" ..----..---. . I.IJ ..J ~ Cl Z <( ..J U. fiI cu ~~ 6;:1 fiI :>...:1 H.o:: U. 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