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035-21 - McCormick Communities, LLC - ContractName and Mailing Address City of Port Orchard 216 Prospect Street Port Orchard, WA 98366 CITY OF PORT ORCHARD 202102190203 Agreement Rec Fee: $ 132.50 02/19/2021 02:48 PM Page: 1 of 30 Paul Andrews, Kitsap Co Auditor The Recorder is required to use only the information you provide on this cover sheet to index the document. Type or print legibly. Document Titles) Development Agreement between the City of Port Orchard and McCormick for Development and Funding of Certain Transportation Improvements Auditor's File Number of Document (s) Referenced. Grantor(s) person(s) that conveys, sells or grants interest in property: McCormick Communities, LLC Grantee(s) person that buys, receives or to whom conveyance of property is made: City of Port Orchard Abbreviated Legal Description: • Quarter, Quarter, Section, Township, Range (and Government lot # if applicable); OR • Plat/Condo Name, lot or unit number, building or block number; OR • Short Plat, Large Lot number, lot number and auditor file number A PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 5, TOWNSHIP 23 NORTH, RANGE 1 EAST See additional descriptions on Page 1 through 5 Assessor's 14 digit Tax Parcel Number: 052301-4-023-2008 See additional parcel No's on Pages 1 through 5 04/25/14 Parcels and legals McCormick North 052301-4-023-2008 RESULTANT PARCEL A OF BOUNDARY LINE ADJUSTMENT SURVEY RECORDED UNDER AUDITOR'S FILE NO. 201912050259, IN VOLUME 90 OF SURVEYS, PAGES 59-63, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON, BEING A PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 5, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., IN KITSAP 052301-4-027-2004 RESULTANT PARCEL E OF BOUNDARY LINE ADJUSTMENT SURVEY RECORDED UNDER AUDITOR'S FILE NO. 201912050259, IN VOLUME 90 OF SURVEYS, PAGES 59-63, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON, BEING A PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER AND OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTEROF 052301-4-024-2007 RESULTANT PARCEL B OF BOUNDARY LINE ADJUSTMENT SURVEY RECORDED UNDER AUDITOR'S FILE NO. 201912050259, IN VOLUME 90 OF SURVEYS, PAGES 59-63, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON, BEING A PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 5, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., IN KITSAP 052301-4-025-2006 RESULTANT PARCEL C OF BOUNDARY LINE ADJUSTMENT SURVEY RECORDED UNDER AUDITOR'S FILE NO. 201912050259, IN VOLUME 90 OF SURVEYS, PAGES 59-63, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON, BEING A PORTION OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTEROF 052301-4-026-2005 RESULTANT PARCEL D OF BOUNDARY LINE ADJUSTMENT SURVEY RECORDED UNDER AUDITOR'S FILE NO. 201912050259, IN VOLUME 90 OF SURVEYS, PAGES 59-63, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON, BEING A PORTION OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER AND OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTEROF 052301-4-013-2000 THE NORTH HALF OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 5, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON; EXCEPT ROADS, AND SUBJECT TO RESERVATIONS, RESTRICTIONS AND 042301-3-011-2005 RESULTANT PARCEL A OF BOUNDARY LINE ADJUSTMENT SURVEY RECORDED UNDER AUDITOR'S FILE NO. 201610250060, IN VOLUME 83 OF SURVEYS, PAGES 76 - 78, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON, BEING A PORTION OF THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., IN KITSAP McCormick West 082301-2-002-2004 PARCEL 1 OF LAND SEGREGATION REQUEST RECORDED UNDER AUDITOR'S FILE NO. 3208728, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE NORTH 1005 FEET OF THE NORTHWEST QUARTER OF SECTION 8, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., IN KITSAP COUNTY, WASHINGTON; EXCEPT THE EAST 1340 FEET THEREOF; ALSO EXCEPT THAT PORTION LYING NORTHWESTERLY AND NORTHERLY OF THE SOUTHERLY RIGHT-OF-WAY MARGIN OF OLD CLIFTON ROAD; 082301-2-003-2003 PARCEL 2 OF LAND SEGREGATION REQUEST RECORDED UNDER AUDITOR'S FILE NO. 3208728, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE NORTH 1005 FEET OF WEST 894 FEET OF THE EAST 1340 FEET OF THE NORTHWEST QUARTER OF SECTION 8, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., IN KITSAP COUNTY, WASHINGTON; 082301-1-013-2003 RESULTANT PARCEL B PER BOUNDARY LINE ADJUSTMENT RECORDED UNDER AUDITOR'S FILE NO. 3220649, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE NORTH 1189 FEET OF THE WEST 1058.22 FEET OF THE NORTHEAST QUARTER OF SECTION 8, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., IN KITSAP COUNTY, WASHINGTON; EXCEPT THAT PORTION LYING NORTHERLY OF THE SOUTHERLY RIGHT OF WAY MARGIN OF OLD CLIFTON ROAD; ALSO EXCEPT THAT PORTION OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 8, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., IN KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 8; THENCE SOUTH 1*27'44 WEST ALONG THE WEST LINE OF SAID NORTHWEST QUARTER OF THE NORTHEAST QUARTER A DISTANCE OF 839.00 FEET; THENCE NORTH 30*44'56 EAST 462.00 FEET TO THE EAST LINE OF THE WEST 226.00 FEET OF SAID NORTHWEST QUARTER OF THE NORTHEAST QUARTER; THENCE SOUTH 87*00'18 EAST 205.07 FEET TO THE EAST LINE OF THE WEST 431.00 FEET OF SAID NORTHWEST 082301-2-004-2101 TAXABLE PORTION FROM 082301-2-004-2002 (PER DOR REG. NO. 10442 001)CONTAINING 10.00 ACRES***** 082301-1-010-2006 PARCEL 5 OF LAND SEGREGATION REQUEST RECORDED UNDER AUDITOR'S FILE NO. 3208728, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE NORTH 1189 FEET OF THE NORTHEAST QUARTER OF SECTION 8, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M, IN KITSAP COUNTY, WASHINGTON; EXCEPT THE WEST 1058.22 FEET THEREOF; ALSO EXCEPT THAT PORTION LYING EASTERLY OF THE WESTERLY LINE OF THE PLAT OF AMENDED PLAT OF MCCORMICK WOODS, AS RECORDED IN VOLUME 25 OF PLATS, PAGES 54 THROUGH 61, RECORDS OF KITSAP COUNTY, WASHINGTON; ALSO EXCEPT 082301-1-014-2002 RESULTANT PARCEL C PER BOUNDARY LINE ADJUSTMENT RECORDED UNDER AUDITOR'S FILE NO. 3220649, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: SECTION 8, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., IN KITSAP COUNTY, WASHINGTON; EXCEPT THE NORTH 1189 FEET OF THE NORTHEAST QUARTER OF SAID SECTION 8; ALSO EXCEPT THAT PORTION OF THE WEST 60 FEET THEREOF CONVEYED BY INSTRUMENT RECORDED UNDER AUDITOR'S FILE NO. 9512290366; ALSO EXCEPT THAT PORTION LYING EASTERLY OF THE WESTERLY LINE OF THE PLAT OF AMENDED PLAT OF MCCORMICK WOODS, AS RECORDED IN VOLUME 25 OF PLATS, PAGES 54 THROUGH 61, RECORDS OF KITSAP COUNTY, 172301-2-002-2003 TRACT 1 OF 20-ACRE LAND SEGREGATION DOCUMENT RECORDED UNDER AUDITOR'S FILE NO. 200010310145, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE NORTH HALF OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON. 172301-2-004-2001 TRACT 3 OF 20-ACRE LAND SEGREGATION DOCUMENT RECORDED UNDER AUDITOR'S FILE NO. 200010310145, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE NORTH 1050.00 FEET OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON; EXCEPT THAT PORTION THEREOF LYING WITHIN MCCORMICK WOODS DIVISION 5, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGES 60 THROUGH 65, RECORDS OF KITSAP COUNTY, WASHINGTON; TOGETHER WITH THAT PORTION OF THE NORTHEAST QUARTER OF SAID SECTION 17 LYING NORTHWESTERLY OF SAID MCCORMICK WOODS DIVISION 172301-2-003-2002 TRACT 2 OF 20-ACRE LAND SEGREGATION DOCUMENT RECORDED UNDER AUDITOR'S FILE NO. 200010310145, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE SOUTH HALF OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON 172301-2-006-2009 TRACT 5 OF 20-ACRE LAND SEGREGATION DOCUMENT RECORDED UNDER AUDITOR'S FILE NO. 200010310145, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE NORTH HALF OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON. 172301-2-005-2000 TRACT 4 OF 20-ACRE LAND SEGREGATION DOCUMENT RECORDED UNDER AUDITOR'S FILE NO. 200010310145, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON; EXCEPT THE NORTH 1050.00 FEET THEREOF, AND EXCEPT THAT PORTION LYING WITHIN MCCORMICK WOODS DIVISION 5, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGES 60 THROUGH 65, RECORDS OF KITSAP COUNTY, WASHINGTON AND MCCORMICK WOODS 172301-2-007-2008 TRACT 6 OF 20-ACRE LAND SEGREGATION DOCUMENT RECORDED UNDER AUDITOR'S FILE NO. 200010310145, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE SOUTH HALF OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON 172301-3-004-2009 TRACT 7 OF 20-ACRE LAND SEGREGATION DOCUMENT RECORDED UNDER AUDITOR'S FILE NO. 200010310145, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THAT PORTION OF THE SOUTHWEST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON, LYING NORTHERLY AND WESTERLY OF THE FOLLOWING DESCRIBED LINE: BEGINNING AT THE NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF SAID SECTION 17: THENCE S 01*17'27 W ALONG THE EAST LINE THEREOF A DISTANCE OF 260.04 FEET TO THE SOUTH LINE OF MCCORMICK WOODS DIVISION 9, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 28 OF PLATS, PAGES 117 THROUGH 126, RECORDS OF KITSAP COUNTY, WASHINGTON, AND THE TRUE POINT OF BEGINNING OF THE HEREIN DESCRIBED LINE; THENCE N 87*53'44 W ALONG THE SOUTHERLY LINES OF SAID MCCORMICK WOODS DIVISION 9 AND MCCORMICK WOODS DIVISION 6, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 26 OF PLATS, PAGES 100 THROUGH 107, RECORDS OF KITSAP COUNTY, WASHINGTON A DISTANCE OF 3299.65 FEET TO THE SOUTHWEST CORNER OF SAID MCCORMICK WOODS DIVISION 6; THENCE S 00*00'00 W A DISTANCE OF 415.00 FEET; THENCE N 87*53'44 W TO AN INTERSECTION WITH THE WEST LINE OF McCormick Woods 042301-3-010-2006 RESULTANT PARCEL A OF CITY OF PORT ORCHARD BOUNDARY LINE ADJUSTMENT NO. L-1078, BEING A SURVEY RECORDED UNDER AUDITOR'S FILE NO. 201512020024, IN VOLUME 81 OF SURVEYS, PAGES 199 - 201, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON, BEING A PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER AND THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 23 NORTH, RANGE 1 EAST, AND A PORTION OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER AND THE NORTHWEST QUARTER OF THE NORTHWEST 6031-000-131-0002 TRACT C (FUTURE DEVELOPMENT) MCCORMICK WOODS SECOND AMENDMENT ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 26 OF PLATS, PAGES 189 THROUGH 196, INCLUSIVE; BEING AN AMENDMENT OF VOLUME 25 OF PLATS, PAGES 34 THROUGH 41, INCLUSIVE AND VOLUME 25 OF PLATS, PAGES 54 THROUGH 61, INCLUSIVE; ALL RECORDS OF 5552-000-045-0008 TRACT U (FUTURE DEVELOPMENT), ELDON TRAILS DIVISION 1, ACCORDING TO THE PLAT RECORDED IN VOLUME 34 OF PLATS, PAGE(S) 130-138, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON; SITUATE IN KITSAP COUNTY, WASHINGTON. 092301-1-005-2002 PARCEL 7 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THAT PORTION OF THE NORTHEAST QUARTER AND THE NORTHWEST QUARTER OF THE SOUTHEAST QUARTER, ALL IN SECTION 9, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 16, TOWNSHIP 23 NORTH, RANGE 1 EAST, SAID POINT ALSO BEING AN ANGLE POINT IN THE BOUNDARY OF THE PLAT OF MCCORMICK WOODS DIVISION 10, ACCORDING TO PLAT RECORDED IN VOLUME 29 OF 092301-4-004-2007 PARCEL 6 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THAT PORTION OF THE WEST HALF OF THE SOUTHEAST QUARTER, AND THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER, AND THE EAST HALF OF THE SOUTHWEST QUARTER, ALL IN SECTION 9, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 16, TOWNSHIP 23 NORTH, RANGE 1 EAST, SAID POINT ALSO BEING AN ANGLE POINT IN THE BOUNDARY OF THE PLAT OF MCCORMICK WOODS DIVISION 10, ACCORDING TO PLAT RECORDED IN VOLUME 29 OF PLATS, PAGES 120 THROUGH 131, INCLUSIVE, RECORDS OF KITSAP COUNTY, WASHINGTON, SAID ANGLE POINT BEING ON TRACT "C" OF SAID PLAT; THENCE N 28*49'59" E, ALONG THE SOUTHEAST LINE OF TRACTS "C", "M" AND "E" OF SAID PLAT, A DISTANCE OF 1,778.57 FEET TO AN ANGLE POINT IN TRACT "E" ON THE BOUNDARY OF SAID PLA T; -I HENCE N 57*51'24" W, ALONG -I HE NOR I HEAS I LINE OF TRACTS "E" AND "R" AND THE BOUNDARY OF SAID PLAT, A DISTANCE OF 342.19 FEET TO AN ANGLE POINT IN SAID BOUNDARY AND A POINT ON THE ARC OF A CURVE, THE CENTER OF WHICH BEARS S 48*12'46" E; THENCE NORTHEASTERLY, ALONG THE ARC OF A CURVE TO THE RIGHT, ALONG THE SOUTHEAST LINE OF TRACT "A" AND THE BOUNDARY OF SAID PLAT, SAID CURVE HAVING A RADIUS OF 430.00 FEET, THROUGH A CENTRAL ANGLE OF 07*10'40" A DISTANCE OF 53.87 FEET; THENCE N 48*57'54" E, CONTINUING ALONG SAID SOUTHEAST LINE, A DISTANCE OF 127.51 FEET TI A POINT OF CURVE; THENCE NORTHEASTERLY ALONG THE ARC OF A CURVE TO THE LEFT, CONTINUING ALONG SAID SOUTHEAST LINE, SAID CURVE HAVING A RADIUS OF 370.00 FEET, THROUGH A CENTRAL ANGLE OF 04*46'06" A DISTANCE OF 30.79 FEET TO AN ANGLE POINT OF SAID TRACT AND BOUNDARY; THENCE N 55*21'34" W, ALONG THE NORTHEAST LINE OF SAID TRACT, A DISTANCE OF 275.56 FEET TO AN ANGLE POINT IN SAID TRACT AND BOUNDARY; THENCE N 52*27'56" W, DEPARTING SAID BOUNDARY, A DISTANCE OF 161.08 FEET TO AN ANGLE POINT IN THE MCCORMICK WOODS GOLF COURSE BOUNDARY AND THE TRUE POINT OF BEGINNING. THENCE, ALONG THE BOUNDARY OF SAID GOLF COURSE, THE FOLLOWING COURSES AND DISTANCES: N 87*11'40" W A DISTANCE OF 162.52 FEET; N 50*48'10" W A DISTANCE OF 287.49 FEET; N 14*47'19" E A DISTANCE OF 545.96 FEET; N 18*30'16" E A DISTANCE OF 922.17 FEET; N 75*12'04" E A DISTANCE OF 66.76 FEET; N 09*11'12" E A DISTANCE OF 99.99 FEET; N 51*34'13" W A DISTANCE OF 171.18 FEET; N 13*43'49" E A DISTANCE OF 177.17 FEET TO A POINT ON THE ARC OF A CURVE THE OF WHICH BEARS S 09*47'43" E; THENCE EASTERLY, DEPARTING FROM SAID GOLF COURSE BOUNDARY ALONG THE ARC OF A CURVE TO THE RIGHT, SAID CURVE HAVING A RADIUS OF 400.00 FEET, THROUGH A CENTRAL ANGLE OF 092301-1-009-2008 RESULTANT LOT B OF BOUNDARY LINE ADJUSTMENT RECORDED UNDER AUDITOR'S FILE NO. 200811100041, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: LOT B OF BOUNDARY LINE ADJUSTMENT RECORDED UNDER RECORDING NO. 200711060175, RECORDS OF KITSAP COUNTY, WASHINGTON; TOGETHER WITH THAT PORTION OF TRACT E, PLAT OF MCCORMICK WOODS DIVISION 10, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 29 OF PLATS, PAGES 120-131 INCLUSIVE, DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST EASTERLY CORNER OF SAID TRACT, SAID CORNER ALSO BEING AN ANGLE POINT IN SAID LOT B; THENCE SOUTH 28*49'59" WEST, ALONG THE SOUTHEASTERLY LINE OF SAID TRACT, A DISTANCE OF 225.55 FEET TO A POINT ON AN ARC OF A CURVE, THE CENTER OF WHICH BEARS NORTH 3*21'25" EAST; THENCE WESTERLY, ALONG THE SOUTHWESTERLY LINE OF SAID TRACT AND ALONG AN ARC OF A CURVE TO THE RIGHT, SAID CURVE HAVING A RADIUS OF 370.00 FEET, THROUGH A CENTRAL ANGLE OF 8*58'20" A DISTANCE OF 57.94 FEET; THENCE NORTH 11*43-39" WEST, DEPARTING FROM SAID LINE, A DISTANCE OF 65.52 FEET; THENCE NORTH 35*26'50" EAST A DISTANCE OF 102.47 FEET; THENCE NORTH 20*30'09" EAST A DISTANCE OF 101.55 FEET TO THE NORTHEASTERLY LINE OF SAID TRACT; THENCE SOUTH 57*51'24" EAST, ALONG SAID LINE, A DISTANCE OF 99.72 FEET TO THE POINT OF BEGINNING; EXCEPT THAT PORTION OF SAID LOT B DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST EASTERLY CORNER OF SAID TRACT E; THENCE NORTH 57*51'24" WEST, ALONG THE NORTHEASTERLY LINE OF SAID TRACT, A DISTANCE OF 99.72 FEET TO THE TRUE POINT OF BEGINNING; THENCE NORTH 57*51'24" WEST, CONTINUING ALONG SAID LINE, A DISTANCE OF 181.46 FEET TO THE MOST NORTHERLY CORNER OF SAID TRACT AND A POINT ON AN ARC OF A CURVE, THE CENTER OF WHICH BEARS SOUTH 46*37'48" EAST; THENCE NORTHEASTERLY, DEPARTING FROM SAID LINE AND ALONG AN ARC OF A CURVE TO THE RIGHT, SAID CURVE HAVING A RADIUS OF 370.00 FEET, THROUGH A CENTRAL ANGLE OF 5*35-42" A DISTANCE OF 36.13 FEET; 092301-4-005-2006 PARCEL 10 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE EAST HALF OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 9, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON. 092301-4-003-2008 PARCEL 5 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 9, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON LYING NORTHERLY OF THE NORTH RIGHT-OF- WAY LINE OF MCCORMICK WOODS DRIVE SW AS DEEDED TO KITSAP COUNTY BY DEED RECORDED UNDER KITSAP COUNTY RECORDING NUMBER 200610090200.>>>EXCEPTTHAT PORTION CONVEYED TO KITSAP COUNTY FOR DETENTION POND 092301-4-002-2009 PARCEL 4 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE SOUTH HALF OF THE SOUTHEAST QUARTER OF SECTION 9 AND THE NORTH 200 FEET OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 16, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON LYING SOUTHERLY OF THE SOUTH RIGHT-OF-WAY LINE OF MCCORMICK WOODS DRIVE SW AS DEEDED TO KITSAP COUNTY BY DEED RECORDED UNDER KITSAP COUNTY RECORDING NUMBER 200610090200. EXCEPT THAT PORTION LYING WITHIN THE PLAT OF MCCORMICK WOODS DIVISION 10, ACCORDING TO THE 162301-1-021-2003 PARCEL 3 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THAT PORTION OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 16, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON LYING SOUTHEASTERLY OF THE PLAT OF MCCORMICK WOODS DIVISION 10, ACCORDING TO THE PLAT RECORDED IN VOLUME 29 OF 162301-1-020-2004 PARCEL 2 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE NORTH HALF OF THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 16, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON. 162301-1-019-2007 PARCEL 1 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: THE SOUTH HALF OF THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 16, TOWNSHIP 23 NORTH, RANGE 1 EAST, W.M., KITSAP COUNTY, WASHINGTON. DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF PORT ORCHARD AND McCORMICK FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS THIS DEVELOPMENT AGREEMENT is made and entered into this 3 day February, 2021, by and between the City of Port Orchard, a non -charter, optional code Washington municipal corporation, hereinafter the "City," and McCormick Communities, LLC, a limited liability company organized under the laws of the State of Washington, together with McCormick Development Corporation, a Washington Corporation, hereinafter collectively the "Developer" or "McCormick" (together the "Parties"). In addition, McCormick Land Company, a Washington corporation, hereafter "MLC," is a Party for purposes of Sections 7, 15, and such other sections as specifically refer to MLC. The Parties hereby agree as follows: RECITALS WHEREAS. the Washington Stale Legislature has authorized the execution of a development agreement between a local government and a person having ownership or control of real property within its jurisdiction (IZCW 36.70B.170(1)); and WHEREAS, a development agreement must set forth the development standards and other provisions that shall apply to, govern, and vest the development, use and mitigation ol'the development of the real property for the duration specified in the agreement (IZ(`W 36.70B.170(1)); and WHEREAS, a development agreement must be consistent with the applicable development regulations adopted by a local government planning under chapter 36.70A RCW (RCW 36.70B.170(1)); and WHEREAS, Port Orchard adopted Chapter 20?6 of the fort Orchard Municipal Code ("POMC") which establishes the standards and procedures for Development Agreements in Port Orchard; and WHEREAS, Chapter 20.26 POMC is consistent with State law; and WHEREAS, the Developer has applied for a Development Agreement under Chapter 20.26 POMC and such Agreement has been processed consistently with the POMC and State law; and WI-IERI`sAS, this Development Agreement by and between the City of 13ol-I Orchard and the Developer {hereinafter the -Development Agreement"). relates primarily to the development of property owned by Developer within and scar McCormick Woods in the Ocinit) of 01d Clifton Itoad and Campus Parkway and that is more particularly described on Exhibits A-1, A-2, Development Agreement for Funding Transportation Improvements Page 1 of 19 FG:54082696.4 B-1, and B-2 (hereinafter the "McCormick Property"); and WHEREAS, in 2005 the City's predecessor in interest entered into a Development Agreement with Developer's predecessor in interest for the development of certain transportation improvements; and WHEREAS, since that time, the City annexed the property and in accordance with RCW 36.7013.190 assumed jurisdiction and agreed to be bound by the 2005 Transportation Development Agreement; and WHEREAS. as part of that 2005 Agreement, the predecessor to the Developer (GEM 1, LLC) constructed some projects and paymems for those projects are still on -going and will continue until GEM I, LLC's successor is fully reimbursed; and WHEREAS, since annexing this property, the City's transportation plans have been updated; and WHEREAS, the City is in the process of adopting updated transportation impact fees; and WHEREAS, during this process, an in-depth look at the projects needed to meet the projected development by Developer and others in the City was performed; and WHEREAS. the updated transportation impact fees are based, in part, on the 2005 Development Agreement with the Developer's predecessor as well as on the updated project list; and WHEREAS, the Developer did not acquire from GEM 1, LLC ("GEM 1"), and GEM 1 still retains, the right to reimbursement that accrued under the 2005 Transportation Agreement when GEM 1 constructed the Glenwood Connector Roadway and minor improvements to Feigley Road, the only projects identified in that 2005 agreement that have been constructed; and WHEREAS, the City has been paying such reimbursement to GEM l and its successor since 2008, and nothing in this Agreement changes or is intended to change the City's obligation to continue paying such reimbursement to GEM 1; and WHEREAS, GEM 1 assigned its right to reimbursement to the McCormick Land Company in 2016, after which time, the City paid reimbursement to the McCormick Land Company ("MLC"); and WHEREAS, MLC continues to own property in Port Orchard; and WHEREAS, MLC has signed this Agreement to confirm that this Agreement will fully replace and supersede the 2005 Transportation Development Agreement ("2005 Transportation DA"); and Development Agreement for Funding Transportation Improvements Page 2 of 19 FG:54082696.4 WHEREAS, the Developer now seeks to update the 2005 Transportation DA in conjunction with obtaining a permit to build the Campus Parkway Roundabout; and WHEREAS, the purpose of this Agreement is to carry forward and better define the concurrency evaluation that was part of the 2005 Transportation DA, to carry forward the impact fee reimbursement for MLC, and to establish an impact fee credit system for Developer to recover its costs of building the McCormick Projects described below; and W11F'REAS, apart from concurrency and impact fee credits/reimbursement, this Agreement does not address development standards, vesting, or any other regulation that impacts how the McCormick Property will be developed; and WI-It?RE!1S. the Parties agree that the 2005 "l"ransponation DA, as set forth in the traffic study attached to that 2005 i'raiisVortation DA, anticipated the gcneraliun of4.935 PM peA' Bout. trips. Based on the development activity since 2005. sotlle of these "trips" have been absorbed. The parties believe it is advantageous to set Furth the remaining capacity that may be utilized in I'ttture development 1111ases and have confirmed the concurrency numbers as of the date of this Agreement; and WHEREAS, in consideration of the benefits conferred by this new Development Agreement, which reflect the current plan', of both the City and the Developer and include confirmation of concurrency, a new project list, and a set impact fee credit calculation, the parties deem it in their best interests and the best interests of the community to repeat and replace the 2005 Transportation DA with this updated agreement; and WHEREAS, there are two projects identified on both Exhibit A to the 2005 Transportation DA and also on the City's new TIP. As described ill (tic liew 'I'II', these projects are ID 111.5C, "Old Clifton Rd — Campus Pkwy Intersection and ID 42.08 Old Clifton 141 & McCormick Woods Dr. Intersection Impr". These two projects are collectively referred to herein as "the McCormick Projects"; and WHEREAS, the McCormick Projects are eligible for credits under RCW 82.02.060(4); and WHEREAS, the following events have occurred in the processing of the Developer's application: a) The Developer applied I'ar this Development Agreenlca,t on December 4, 2020: and b) The Development Agreement is related to and h<tti been consolidated under I'OMC 20.22.020(2) with the !'allowing project permits: Land Disturbing Activity Permit PW20-031 Stormwater Drainage Permit PW20-032 c) The Developer is ready and willing to commence construction on the project known as Old Clifton Rd - Campus Parkway Intersection (a roundabout project) and has applied for a Development Agreement for Funding Transportation Improvements Page 3 of 19 FG:54082696.4 Land Disturbing Activity permit and Stormwater Drainage Permit to perform this project; d) The Old Clifton Rd — Campus Parkway Intersection is included in the City's transportation plan upon which the updated impact fees are based and therefore the Developer may be reimbursed fi•om the impact fees for Ihat project; e) The City Council held a public hearing on February 9, 2021 regarding this Development Agreement; (0the City Council authorized the Mayor f) After a public hearing, by Ordinance No. _, to sign this Development Agreement with the Developer; AGREEMENT Section 1. The McCormick Projects. The two transportation projects described above as "the McCormick Projects" will serve the McCormick Property as well as provide connectivity and capacity for the City. The Campus Parkway Roundabout LDAP Permit #PW20-0031 and SDP Permit PW20-032 as well as the future development of the McCormick Woods Drive Roundabout, which will be permitted at a later date, are both subject to impact fee credit in accordance with this Agreement. Section 2. The McCormick Property. The McCormick Property comprises McCormick North, McCormick West, and McCormick Woods, which are legally described by parcel number in Exhibit A-1 and depicted on A-2, attached hereto and incorporated herein by this reference. The McCormick Projects will serve the McCormick Property and the credits authorized by this Development Agreement are only applicable to lots for which building permits are applied for after the date of this Agreement within the boundaries of the McCormick Property as defined on Exhibit A-1 and as shown on the Map attached hereto as Exhibit A-2. Section 3. Definitions. As used in this Development Agreement, the following terms, phrases and words shall have the meanings and be interpreted as set forth in this Section. a) "2005 Transportation Development Agreement" or "2005 Transportation DA" means the 2005 Development Agreement for Transportation which was executed between Kitsap County and Gem 1, LLC and dated April 25, 2005 and which was assumed by the City of Port Orchard upon annexation on May 27, 2009. b) "Adopting Ordinance" means the Ordinance which approves this Development Agreement, as required by RCW 36.70B.200 and Chapter 20.26 POMC.' c) "Commence construction" as to the McCormick Projects means that the required permit(s) have issued and there are "boots on the ground" at the construction site. d) "Completion" as to the McCormick Projects means passing final inspection associated with the LDAP/SDP permits and providing the required 2-year warranty and Development Agreement for Funding Transportation Improvements Page 4 of 19 FG:54082696.4 maintenance bond for the improvement(s). "Cpl-tj" Iz►eans the percentage rate change for the All Urban Consumers Index (CP1-U) (1982-1984- 100). not seasonally adjusted, for the Seattle -Tacoma -Bellevue area for that 12 month period [loin January I ' to December 311 Indexed as the Annual Average, as is specified by the Bureau of Labor Statistics, United States Department of Labor. Increases based on CP1-U shall take effect on March I" of the following year. e) "Council" or "City Council" means the duly elected legislative body governing the City of Port Orchard. f) "Director" means the City's Community Development Director. g) "Effective Date" means the effective date of the Adopting Ordinance. h) "Maximum credit" or "maximum reimbursement" means the maximum amount that is eligible for projects subject to this Agreement, or for past projects done by GEM 1/MLC, for which reiniburserttent or impact fee credits will be provided by the City to the Developer or MLC. i)-McCormick Project(s)" or "Prajict(s)" incalls the two transp0rtatinn protects described above which serve both the McCormick Pmperiy and the greater cc�ntIII Lill ity, as specified in Section 1 and as provided for in all associated permits/approvals, and all incorporated exhibits. Section 4. Exhibits. Exhibits to this Agreement are as follows: a) Exhibit A-1— Parcel numbers of the McCormick Property that are subject to impact fee credit. b) Exhibit A-2 — Map depicting the boundaries of the McCormick Property that are subject to the impact fee credit in this Agreement. c) Exhibit B-1— Parcel numbers of the McCormick Property with vested concurrency. d) Exhibit B-2 Map depicting the boundaries of the McCormick Property with vested concurrency . e) Exhibit C — Map showing the original boundaries for the 2005 Transportation DA which remains the reimbursement area for MLC Section 5. Parties to Development Agreement. The parties to this Agreement are: Development Agreement for Funding Transportation Improvements Page 5 of 19 FG:54082696.4 a) The "City" is the City of Port Orchard, 216 Prospect Street, Port Orchard, WA 98366. b) The "Developer" veloper" or "Property Owner" or "McCormick" is a private enterprise which owns the McCormick Property in fee, and whose principal ollice is located at 12332 NF, 1 15th Place, Kirkland, WA. c) GEM 1, LLC is the prior owner of the property that was subject to the 2005 Transportation DA, and MLC is the successor to GEM I for purposes of reimbursement. MLC is located a[ 1869 MrGilvra Blvd E, Seattle, WA 98112 and is still receiving reimbursement from the City for transportation projects done under the 2005 Transportation DA. These payments will continue in accordance with Section 15 of this Agreement. Section 6. Projects are a Private Undertaking. It is agreed among the parties that the Projects are private improvements for which credits are required pursuant to RCW 82.02.060(4) and that the City has no interest in the improvements until such time as each Project is completed and dedicated to the City. Section 7. Term of Agreement. This Agreement shall commence upon the effective date of the Adopting Ordinance approving this Agreement and shall continue in force for a period of twenty (20) years unless extended or terminated as provided herein, provided that reimbursement to MLC pursuant to Section 15 shall surviVI: expiration until full rrinlbursenlent is received by MLC. Following the expiration of the term or extension thereof; or if sooner ternlirtaled. this Agreement shall have no force and effect. Section 8. Repeal and Replacement of 2005 Transportation DA. In consideration of the benefits to (lie Developer provided by the timely construction of the McCormick Projects, the confirmation of concurrency, the agreement on a credit calculation for transportation impact fees which will he charged to the McCormick Property, and the continuation of reimbursement from impact fees to MI.C. the Developer, MIX. and the City agree to rescind, and by execution of this Agreement do rescind, the 2005 '1"ransportadon Agreement, and replace it with this Development Agreement, Section 9. Concurrency. The Parties agree that City streets affected by development of the McCormick Property have the capacity to serve the McCormick Property in compliance with the City's concurrency requirements so long as such development does not result in the generation of more than 3,806 PM peak hour tl.ips, which is the number of remaining trips identified in Section 9 of the ''005 Transportation DA reserved for the McCormick Property identified on Exhibits B-1 and B-2. This remaining concurrency provided in the 2005 Transportation DA is being carried forward for the duration of this Agreement as set forth below. These trips are available as of December 15, 2020. Available PM Lots/lunits for Map Designation on Area Peak Tri s Residential t Ex. C McCormick North North village local center 659 e Note 1 North (Se Development Agreement for Funding Transportation Improvements Page 6 of 19 FG:54082696.4 (residential + commercial _ • Single Family 312 315 North Residential -- Total McCormick North 971 West McCormick West • Multifamil 415 419 West • Single Family 1,530 ' 1,545 West Residential Total McCormick West 1,945 McCormick Woods 697 640 Wd McCormick Woods Retail 63 N/A Wd McCormick Woods 122 N/A GC Conference iGolf Facilities) Woods iecuacy lots 8 8 Not depi _McCormick Total McCormick Woods 890 L rand Total I i1buft I _ I ' There are 659 PM Peak Trips available within the Village local center. Residential PM Peak Trips will be calculated per unit and commercial PM Peak trips will be calculated by use type and square footage. The defined areas for the assigned concurrency numbers above are listed by parcel number on Exhibit B-1 and sho%�Il (except for the eight legacy lots, which are vacatlt lots in prior subdivisions) on Exh i bit B-2, which Exhibits are attached hereto and incorporated herein by this rercrence as if set luf'tll in Eull. Residential development shall be limited by either the PNl peal: hour trips or the number of units, wilichever is more restrictive. Cotrnrlercial clevelopnlent shall be limited only by tile I'M peak hour trips. To the extent that McCormick in the Future proposes residential or commercial development whilin the McCormick Property that will genl:l'ate more than the number of PM peak hour trips shown in the above table. the City will make a new concurrency determination regarding the capacity of its street system at that time. Section 10. Project Schedule. The Developer will commence construction of the two McCormick Pre►iccts on the following schedule a) Work on lire roundabout at the intersection of Old Clifton Road and Campus Parkway (Project 11) #1.5C on the City's 'i-ll') (Permits APW20-031 and PW20-032) ,,hall commence no later than June 0, 2021, and Ieveloper will complete constrLIC6011 in a timely and workmanlike manner. Such work shall be completed no later than September 30, 2022. b) Developer will submit a complete set of plans lbr a roundabout at the intersection of Old Clifton Road and McCormick Woods Drive (Project ID ii2.01i no later than June. 1, 2023 Development Agreement for Funding Transportation Improvements Page 7 of 19 FG:54082696.4 and will commence construction of said roundabout no later than June 1, 2024, provided that the City has before then acquired the additional land, not owned by Developer, that is needed for this roundabout; and Developer will complete construction in a timely and workmanlike manner. Such work shall be completed no later than September 30. 2025 so long as the City has acquired the land necessary for the rotnldabOnt before June 1, 2024. If the City has not acquired the land necessary for the roundabout bi Iore..lunc I, 2024, but does so more than 24 months before expiration or this Agreement. Developer shall construct the roundabout with 24 months of such acquisition. Section IL Project standards. Developer will finance. design. �li,d construct these McCormick 11,1Yijects to comply with City standards, including obtaining all necessary permits. 'rhe City will approve the plans before consh•uctiotl begins: attd tl,c City will accept resptansibility for the operation of the Projects once construction is completed and a two-year warranty and maintenance: bond is in place. A Pt-ojcct will be deemed completed when all of the following, taccurti: I. The City deerti,s it substantially complete; 2. All punch list items are finished:.3. The City the Inrforniance bond; 4. The Developer has put a 2-year warranty and maintenance bond in place; 5. The Developer has completed all property dedications; and 6. The Developer has provided the City with a Bill of Sale for the improvements containing the certified construction costs (stamped by licensed engineer) to the City l'or determination of the maximum credits available under this Agreement. The City will confirm completeness of the Project by issuing a Final Notice of Completeness to the Developer. Section 12. Project costs. The maximum amount of the credit (or reimbursement) for project costs performed under this Agreement shall be limited to no greater than the engineer's estimate contained in the C ity's transportati0l, impact Ice calculation. pltts an ranottaI inflmor per the CPI-U, or, the actual costs incurred by the Developer. whichever is less. The credits provided under Section 14 below are limited to this maximum credittreimbursement amount and once the project cost maximum(~) have been achieved through credits or direct reimbursement to Developer, the credits will no longer be available and full impact fees will be due for further development. Section 13. Applicable Impact Fees. The repeal and replacement of the 2005 Transportation I)A results in all propert4 owners both within and without the McCormick Property hcing subject to the C'ity's established city-wide impact fees as these now exist or may he modified in the future by the City Council. This Agreement further confirms that impact Ices, permit fees, capital facilities charges, and other similar fees which are adopted by the City as o1' the I:11ective Date of this Agreement may be increased by the City from time to time, and made applicable to permits and approvals liar the McCormick Property, as long as such fees and charges apply to similar applications and projects elsewhere in the City. All impact fees shall be pslid as set rorth it, the approved permit or approval, or as addressed in chapter 20.182 of the Port Orchard Municipal Code. except as modified by this Agreement. Nothing in this Agreement restricts or prohibits the City from raisin} its tees, including trata5pOltation impact fees. and the Developer agrees to pay the impact fees at the rates that are in effect at the time ►vilen payment is due minus any credits applicable according to this Agreement. Section 14. Impact Fee Credits. The City hereby grants the Developer a credit against transportation impact fees for its costs to finance, design, and construct the McCormick Projects. Development Agreement for Funding Transportation Improvements Page 8 of 19 FG:54082696.4 The credit is available to parcels located in the areas identified and shown on Exhibits A-1 and A-2. The credits will be calculated and applied as follows: a) Each parcel or lot that is developed within the McCormick Property credit area (Exhibits A-1 and A-2) will pay the City's adopted impact fees until Developer provides documclttation to the City that Developer has expended a Illlllinitlill of $50,000 towards the design or construction of one of* tile McCornlic.k Projects. At the time of this Agreement, the parties believe that Developer has already met this threshold, therefore, once Developer provides the documentation, the City will begin applying the credit described in this Agreement. b) Once McCormick provides documentation to the City of such $50,000 expenditure, the City will grant a credit in the amount of $1,000 per new home (or per peak pm trip for commercial/multifamily development) against its standard transportation impact I'c:e for each application to develop a lot or parcel within the McCormick Property credit area (G'xhibits A-1 and A 2'1 until such time as the credits granted by the City equal the amount of credit clue to Developer under Section 12 above. This credit amount shall be adjusted as follows: i. The $1,000 credit shall be adjusted annually per the CPI-U, such adjustment to occur on March I" of each year; ii. If the amount outstanding for reimbursement of project costs is less than the credit, then the lesser amount shall be provided as a credit; iii. If the City reimburses the Developer directly w iih SUA mitigation funds received From .mother developer. then that amount shall be deducted dollar Far dollar front the amount of project costs outstanding and the credits available will be reduced accordingly. c) l_Ipoll completion of' each Project, Developer sh.tll submit certified pr(fIect costs to the City (or review and acceptallce by the City Engineer. Once these costs and executed Bill of Sale are reviewed and accepted by the City I'itlginetr, the maximum credit due to Developer will be established and will equal the amount of the project costs as so certified in accordance with this subsection and Section 12. The City will grant the credits described in Subsection b) above against the transportation impacts fees that would otherwise be due for development of lots and parcels within the McCormick 1'ropert5credit area as identified and shown on Exhibits A-1 and A-2. Such credits shall be provided until such time as the Developer receives full credit and/or reimbursement for its project costs or this Agreement terminates, whichever occurs first. The City agrees that these credits are consistent with RCW 82.02.060(4); that they are appropriate in light of the unusual cilrurnstances described in the Recitals above: that they are consistent with the intent of PONW 20.182.080: and that the City Council has legislatively approved this Agreement and exempted these credits for developmrin of the McCormick Projects from the specific provisions of POMC 20.182.080. Development Agreement for Funding Transportation Improvements Page 9 of 19 FG:54082696.4 Section 1-s. N-IcCormick Land Cam sanv Reimbursement. This Agreement reallirms the City's obligatiun to reimburse MLC fair construction of rite Glenwood COnnCetOr Road%vay and minor improvements to Feigley Road. The maximum reimbursement amounts outstanding, for these projects as of August 1, 2020 is $1,542,239.64. Regardless of ally fee credits pixivided for in this Agreement, the City's reimbursement for such project shall continue at the rate of $720.80 for each unit of housing constructed or for each PM Peak trip, or fraction thereof, for which an impact fee is assessed in the MLC reimbursement area as depicted on Exhibit C until such time as MLC is fully reimbursed or this Agreement expires, whichever occurs first. This reimbursement amount shall be increased annually by CPI-U (Seattle/Tacoma/Bellevue) for the most recent twelve-month period (January I" to December 31") prior to the date of the adjustment. Such adjustment shall take elycct can Niarch P' of each year, commencing on Mal -ell 1, 2021. Disbursements shall be made annually in .i;:rrtuary Or each year based ctn the ctlections from January 1Ito December 3Ill in the prior year, however in 2021. such payment shall only be from collections from August 1 to December 31, 2020 as payment from collections through July 31, 2020 has already occurred. MLC agrees to the repeal of the 2005 Transportation DA and accepts the continence reimbursement under this new Agreement and agrees to be bound by this new Agreement as shown by its signature to this Agreement. This Section 15 shall survive expiration of this Agrventcnt and shall remain in effect until such time as MLC has been fully reimbursed under the terms of this Agreement for construction of the Glenwood Connector Roadway and minor improvements to Feigley Road. Section 16. Dedication of Public Lands. The Developer shall cledicate the land that it owns that is needed to construct the McCormick 111% jeeis prior to final completion of each Project_ Neither Project shall be deemed completed until such dedications have occurred. In addition. consistent with Section 9 of the 2005 Transportation DA, to the extent that projects on the City's TIP including Old Clifton Widening and the Feigley Road Roundabout require additional dedications of right-of-way from within the McCormick Property, McCormick will dedicate that portion of the additional right-of-way. Such dl x leatiUrts shall ctceur a mutually agreeable timelmnie prior to the bid solicitation for the project requiring additional right-of-�vay. Section 17. Default. a) Subject to extensions of time by mutual consent in writing, failure or delay by either Party to perform any term or provision of this Agreement shall constitute a default. In the event of alleged default or breach of any terms or conditions of this Agreement, the Party alleging such default or breach shall give the other Party not less than thirty (30) days' notice in writing, specifying the nature of the alleged defatilt and the manner in which said default may be cured. During this thirty (30) day period. the Party charged shall not be considered in default for purposes of termination or institution of liz9al proceeding's. b) After notice and expiration of the thirty (30) day period. if such default has not been cured or is not being diligently cured in the manner set forth in the notice, the other Party to this Agreement may. M its option, illstiteete legal proceedings pursuant to this Agreement. in addition. the City may &vide to the an aCtion to enforce the City's Codes. and to obtain penalties and costs as provided in the fort Orchard Municipal Code for violations of this Development Development Agreement for Funding Transportation Improvements Page 10 of 19 FG:54082696.4 Agreement and the Code. Section 118. Termination. This Agreement shall term' ate upon the expiration of the term idemilietl in Section 7. which expiration date is February , 2041. Upon terilination of this Agreement, the City shall record a notice of such termination in a firm satisfactory to the City Attorney that the Agreement has been terminated. In addition, this Agreement shall autonratic.ally terminate and be of no further force and effect as to any single-family residence, any other residential dwelling unit or any non- residential building and the lot or parcel upon which such residence or building is located, when it has been approved by the City for occupancy and impact fees have been paid. Section 19. Extension and Modification. Any request for extension or modification, if allowed under the City's code, shall be subject to the provisions contained in Chapter 20.26 POMC.- Section 20h Effect upon Termination on Developer and MLC. Termination of this Agreement as to the Developer or as to MLC. shall not affect any of the Developer's or MLC's respective obligations to comply with the City Comprehensive Plan and the terms and conditions or any applicable zoning code(s) or subdivision map or other land use entitlements approved with respect to the McCormick Property or the NILC property, or any other conditions specified in the Agreement to continue alter the termination of this Agreement or obligations to pay assessments, liens, fees or taxes. Furthermore, ilthe Agreement expires without the project costs being fully recovered by impact Iec credit or mitigation funds, the Developer will no longer be eligible to receive such credits. Provided, however, that Section 15 of this Agreement will survive termination if MLC has not yet been fully reimbursed and this Agreement will only expire as to MLC after both termination and full reimbursement have occurred. Section 21. lJfects upon Termination on City. Upon any termination of this Agreement as to the McCormick Property, or any portion thereof, or as to MLC property, the ►:artitlements, conditions of development, limitations on fees and all other terms and conditions of this Agreement shall 110 1OW-ler be vested hereby with respect to the property affected by such ternliliation (provided th.tt vesting of such entitlements, conditions or fees may then be established fOr suc11 property ptn•suant to the then existing planning and zoning laws). The City will be under no obligation to provide any additional credits or reimbursement to Developer even if the project costs have not been fully recovered at the time of expiration or termination. Section 22. Assignment and Assumption. The Developer shall have the right to sell, assign or transfer this Agreement will, all rights. title, and interests therein to any person, firm or corporation at any time during Ills: tern] of'this Agreement With a sale of the underlying property. Uevctoper Shall provide Ilse City with wri Lien notice of am+ intent to sell. assign, or transfer aIt or a portion of IIle McCormick Property, at least ill days it, advance or such action. A twrtsler by Developer will not impact the rights olMIX under this Agreement. This requirement for notice, however. does not apply to the sale by Developer or individual residential lots approved by the City for development of houses. Development Agreement for Funding Transportation Improvements Page 11 of 19 FG:54082696.4 ,Section 23. Binding on Successors; Covenants Running with the Land. The conditions and covenants set liorth in this Agreement and incorporated herein by the Exhibits shall run with the land and the benefits and burdens shall bind and inure to the benefit of the Parties. The Developer and every purchaser, assignee or transferee of an interest in the McCormick Property, or any portion thereof. shall be obligated and bound by the terms and conditions of this Agreement. and shall be the beneficiary ther^eol' and a Party thereto, but only with respect to the McCormick Property. or such 1)01.601' thereof, sold, assigned or transferred to it. Any such purchaser, assignee or transferee shall observe and fully perform all of the duties and obligations of a Developer contained in this Agreement, as such duties and obligations pertain to the portion of the McCormick Property sold, assigned or transferred to it. Section 24. Amendment to Agreement; Effect of Agreement on Future Actions. No waiver. alteration. or modification to any of the provisions of this Agreement shall be binding rtillrtis in ► citing, signed by [lie duly authorized representative~ of the Parities. be consistent with Chapter 20.26 POMC. and. where considered substantive as determined by the Director, follow tilt: same procedures set lorth in Chapter 20.26 POMC. However, nothing in this Agreement shall prevent the City Council from making any amendment to its Comprehensive Plan, Zoning Code. Official Zoning Map or development regulation. or to impacts lees that affect the McCormick Property in the same manner as other properties, after the Effective Date of this Agreement. Section 25. Releases. a) General. Developer may tree itself from further obligations relating to the sold, assigned, or transferred properly. provided that tl'e buyer'. assignee or transferee expressly assumes the obligations under this Agreement as provided herein. b) Previously collected impact fees. Developer expressly waives and f'oreverreleases City lion' any and all claims it stay have will' regards to the amount or usage of any transportation impact lees which the City collected from lroperty that %vas subject to the 2005 Transportation DA prior to the efii:ctive date sal' this Agreement. Developer further agrees that City can utilize these previously collected funds on any project it deems appropriate and is not limited to the projects outtlined in the 2005 Transportation DA. These projects include, but are not limited, to the Old Clifton Road/Anderson Hill Road Roundabout (Project 2.07), the Old Clifton Road non -motorized shoulder and pedestrian improvements (Project 1.5A), Old Clifton Widening Design (Project 1.5A), and Bethel Avenue (Project 1.3). c) Obligations to Kitsap County F minguished. This Agreement being a complete replacement to the 2005 Transportation DA, neirl'cr Party has any obligations to Kitsap County, Section 26. Notices. Notices. demands. correslwndencc 10 the City, MI-C. and/or Developer (as applicable) shall be sufl icierltly given if' dispatched by pre -paid first-class nail to the addresses of the parties as designated ill "Written Notice— Section 38 below. Notice to ti'e City shall be to the attention of both the City Clerk and the City Attorney. Notices to successors -in - interest of the Developer shall be required to be given by the City Only ft'r those successors -in - interest who have given the City written notice of their address for such notice. The parties Development Agreement for Funding Transportation Improvements Page 12 of 19 FG:54082696.4 hereto may, from time to time, advise the other of new addresses for such notices, demands or correspondence. Section 27. Reimbul:5ement for Agreement Expenses of the City. Developer agrees to reimburse the City for actual expenses incurred over and above fees paid by Developer as an applicant incurred by City directly relating to this Agreement, including recording lees, pttblisilillg fces and reasonable staff and consultant costs not otherwise included within application lees. This Agremnlcnt snail not take effect until the fees provided for in this section, as well as any processing, Fees owed to the City for the transportation project known as the Campus Parkway ROUndabout are paid to lire City. Upon payment{)l' all expenses. the Developer may request written acknowledgement of all fees. Such pa%nnent of all fees- shall be paid, at tlx: latest, within thirty (30) clays From the City's presentation of a written statement of charges to the Developer. Section 28. Applicable Lav►•, Resolution of Disputes, and Attorneys' Fees. if any dispute arises between the City and Developer under any of the provisions of this Agreement. .jurisdiction of any resulting litigation shall be filed in Kitsap County Superior Cntn't. Kitsalp C'ottnly. Washington or the U.S. District Cotnrt l'or Western Washington. This Agreement shall be governed by and construed in accordance with the laws of the State of Washington. The non - prevailing Party in any action brought to enforce this Agreement shall pay the other Parties' expenses and reasonable ationleY's fees. Section 2c). No Third -Party Beneficiaries. Except as otherwise provided herein, this Agreement shall not create ally rights enforccable by any party who is not a Party to this Agreement. Section 30. City's rigid to breach. The panties agree that the City tllay. withOUt incurring any liability, engage in action that would otherwise be a breach if tho City rakes a determination on the record that the action is necessary to avoid a serious threat to public health and safety, or if the action is required by federal or state law. Section 31. Developer's Compliance. The City's duties under the agreement are expressly conditioned upon the Developer's or Property Owner's substantial compliance with each and every terns, condition.. provision and/or covenant in this Agreement, including all applicable l*cderal, state. and local laws and regulations and the Developers/Property Owner's obligations as idenlii led in ally approval or prtyiect permit for the property identified in this Agreement. Section 32. Limitation on City's Liability for Breach. Any breach of this Agreement by the City shall give right only to damages under state contract law and shall not give rise to any liability under Chapter 64.40 RCW. the Fifth and Fourteenth Amendments to the U.S. Constitution. or similar state constitutional provisions. Section 33. Third Party Legal Challenge. In the event any legal action or special proceeding is commenced by ally person or entity other than a Patty to cllallenlge this Agreement or any provision herein, the City nlay elect to tender the derense of such lawsuit or individual claims in the lawsuit to Developer . In such event, Developer shall hold the City harmless from Development Agreement for Funding Transportation Improvements Page 13 of 19 FG:54082696.4 and defend the City from all costs and expenses incurred in the defense of such lawsuit or individual claims in the lawsuit, including but not limited to, attorneys' fees and expenses of litigation. The Developer shall not settle any lawsuit without the consent of the City. The City shall act in good faith and shall not unreasonably withhold consent to settle. section 34. Specific Performance. The: pallies specifically agree that damages are not an adequate remedy lnr breach of this Agreement. and that the parties tire entitled to compel specific perfor fiance of all material terms ol'this Development Agreement by any Party in del'ault hereof. Section 35. Recording. This Agreement shall be recorded against the property with the real property records of the Kitsap County Auditor. During the term of the Agreement, it is binding upon the owners of tilt property and any successors in interest to such property. Section 6. Severability. If any phrase, provision or section of this Agreement is determined by a court of competent jurisdiction to be invalid or unenforceable. or if any provision of this Agreement is rendered invalid or unenforceable according to the terms of any statute of the State of Washington which became effective after the effective date of the ordinance adopting this Development Agreement. and either Party in good Iaith determines that such provision or provisions are material to its entering into this Agreement, that Party may elect to terminate this Agreement as to all of its obligations remaining unperformed. Sec i n 37. Non -Waiver of Breach. The failure of a Party to insist upon strict performance of any of the covenants and agreements contained herein, or to exercise any option herein conferred in one or more instances shall not be construed to be a waiver or relinquishment of said covenants, agreements, or options, and the same shall be and remain in full force and effect. Section 38. Written Notice. All written communications regarding enforcement or alleged breach of this Agreement shall be sent to the parties at the addresses listed below, unless notified to the contrary. Unless otherwisc sPecilied, any written notice hereunder shall become effective upon the date of both emai ling and mailing by registered or certified mail. and shall be deemed sufficiently given iI'sent to the addressee at the address stated below: McCORMICK: Eric Campbell 12332 NE 115" Place Kirkland, WA 98033 eric;ir�nis �rcxt Ilc.ccrm Nick Tosti 805 Kirkland Avenue, Suite 200 Kirkland, WA 98033 ��ic ktost i� r�'t:mt1 i l.eam CITY: Mayor City of Port Orchard 216 Prospect Street Port Orchard WA 98366 r�aut u ( Citvoi'iortorchard.us Copies shall also be transmitted to the City Clerk and City Attorney at the above address. Development Agreement for Funding Transportation Improvements Page 14 of 19 FG:54082696.4 GEM 1, LLC / McCORMICK LAND COMPANY Doug Skrobut 1869 McGilvra Blvd E Seattle, WA 98112 dskrobut cr', r L1ail.com Section 39. Time is of the essence. All time limits set forth herein are of the essence. The Parties agree to perform all obligations under this Agreement with due diligence. Section 40. Entire Agreement. The written provisions and terms of this Agreement. together witli the Exhibits attached hereto. shall supersede all prior verbal statements of any officer or other representative of the parties, and such statements shall not be effective or be construed as entering into or forming a part of or altering in any manner whatsoever, this Agreement. The entire agreement between the parties with respect to the subject matter hereunder is contained in this Agreement and exhibits thereto. IN WITNESS WHEREOF, the parties have executed this Agreement on this L day of February, 2021. MCCORMICK COMMUNITIES, LLC By:4�L. Its:� t GEM 1, LLC/McCORMICK LAND COMPANY By: ; !L 1�[tOVED FORM: Patrick Schneider Attorney for McCormick CITY OF PORT ORCHARD By:!_ �. �Nt1�IIIfrryNp Its: Mayork�,,� 'FORT - : SEAL - ?�+I I i ► APPROVED 6n i Fer SMI obertson ttorney for Port Orchard Development Agreement for Funding Transportation Improvements Page 15 of 19 FG:54082696.4 APPROVED AS TO FORM: Duana Kolouskova Attorney for GEM 1, LLC/MLC ATTEST: Bran y in rson Port Orchard City Clerk Development Agreement for Funding Transportation Improvements Page 16 of 19 FG;54082696.4 NOTARY BLOCK FOR PORT ORCHARD STATE OF WASHINGTON ) ) ss. COUNTY OF KITSAP ) I certify that I know or have satisfactory evidence that Mr. Idols I'utaansuu is the person who appeared belOre me, and said person acknowledged that: he signed this instrument, on oath stated that lie was authorized to execute the instrument and acknowledged it as (he -Mayor of fort Orchard to be the free and voluntary act of such Party for the uses and purposes mentioned in the instrument. )v Dated: 200b. F4p taaTAO), 5. Punic r. NA .0 tiry� Z umbe r�•��'�F rWA SHE Jti<hpPhlin-MI (print or type name) NOTARY PUBLIC in and for the State of Washingt4Si di at, My Commission expires: 1 Development Agreement for Funding Transportation Improvements Page 17 of 19 FG:54082696.4 NOTARY BLOCK FOR McCORMICK COMMUNITIES STATE OF WASHINGTON ) ss. COUNTY OF I certify that I know or have satisfactory evidence that Mr. E nc- C-i.,40 is the person who appeared before me, and said person acknowledged that die/she) signcti this instniment, on oathstated that (liglshe) was &0101'ized to execute the instrument and acknowledged it as the, of McCormick CoinipUnilie5. LLC to be the free and voluntary act of such Party for the uses and purposes mentioned in the instrument. Dated: & C 20 `Ll Notary Public State of Washington ANDREW D. MARSHALL MY COIvII�fISSION EXPIRES 03-06-2021 � � I (print or type name) NOTARY PUBLIC in and for the State of Washington, residing at:_ VA4'k.1 J My Commission expires: (j3 () Development Agreement for Funding Transportation Improvements Page 18 of 19 FG:54082696.4 NOTARY BLOCK FOR GEM 1 / McCORMICK LAND COMPANY STATE OF WASHINGTON ss. COUNTY OF ` ) I certify that I know or have satisfactory evidence that Mr. DOLig Skurbul is the person who appeared before me, and said person acknowledged that (he/she) signed this instrument, on oath stated that (he/she) was authorized to execute the instrument and acknowledged it as the _ •f of Cil-Ki i, (ompa y to be the free and voluntary act of such Party for the uses and purposes mentioned in the instrument. Dated: 5 20 21 Notary Public State of Washington ANDREW D. MARSHALL MY COMMISSION EXPIRES 03-06-2021 (print or type name) NOTARY PUBLIC in and for the State of Washi gton, residing at:_ G� My Commission expires: Development Agreement for Funding Transportation Improvements Page 19 of 19 FG:54082696.4 Exhibit A-1 McCormick Property List of Parcels Subject to Impact Fee Credit McCormick North 052301-4-023-2008 052301-4-027-2004 052301-4-024-2007 052301-4-025-2006 052301-4-026-2005 052301-4-013-2000 042301-3-011-2005 McCormick West 082301-2-002-2004 082301-2-003-2003 082301-1-013-2003 082301-2-004-2101 082301-1-010-2006 082301-1-014-2002 172301-2-002-2003 172301-2-004-2001 172301-2-003-2002 172301-2-006-2009 172301-2-005-2000 172301-2-007-2008 172301-3-004-2009 McCormick Woods 042301-3-010-2006 6031-000-131-0002 5552-000-045-0008 092301-1-005-2002 092301-4-004-2007 092301-1-009-2008 092301-4-005-2006 092301-4-003-2008 092301-4-002-2009 162301-1-021-2003 162301-1-020-2004 162301-1-019-2007 Exhibit A-2 McCormick Property Maps of Parcels/Areas Subject to Impact Fee Credit �—r �� 1 Pi �•}� 1 I -i5' j • Y'T�i* _ _.•tiva'i?�—'i .l T-Y� `r'• i - � � �. I T r If i I �W _ a kP Wd L. egend McCormick North McCormick West McCormick Woods North ...................................... ..r ........................................ S West ..................... I................... WTI Exhibit B-1 List of Parcels with Vested Concurrency McCormick North McCormick Woods 052301-4-023-2008 042301-3-010-2006 052301-4-027-2004 6031-000-131-0002 052301-4-024-2007 5552-000-045-0008 052301-4-025-2006 092301-1-005-2002 052301-4-026-2005 092301-4-004-2007 052301-4-013-2000 092301-1-009-2008 042301-3-011-2005 092301-4-005-2006 092301-4-003-2008 McCormick West 092301-4-002-2009 082301-2-002-2004 162301-1-021-2003 082301-2-003-2003 162301-1-020-2004 082301-1-013-2003 162301-1-019-2007 082301-2-004-2101 082301-1-010-2006 Legacy Lots 082301-1-014-2002 5190-000-018-0009 172301-2-002-2003 6031-000-032-0002 172301-2-004-2001 6031-000-025-0001 172301-2-003-2002 6031-000-063-0004 172301-2-006-2009 5161-000-021-0009 172301-2-005-2000 5145-000-023-0008 172301-2-007-2008 5139-000-013-0008 172301-3-004-2009 6031-000-074-0001 Exhibit B-2 Map of Parcels/Areas with Vested Concurrency �-4 146rfiv: G GC WI West Wd Wd' Legend McCormick North McCormick West McCormick Woods - Golf Facilities ................ ....................... North ....................................... .......... ";W-, ....... . ...... est .................. .... I ............................ See Exhibit 131 for legacy lots vested to concurrency with this agreement Exhibit C Boundary of 2005 Traffic Agreement rl j Iry rr` -rT. 4 'lye it f �•���; 1��� �� �r 41, �—� — -- — �� �'� � �`�• '`�_ .�:� u�,� 'tic'•# L .:�? ■ F r J ■ Y'V1 r� \ i• i. T