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HomeMy WebLinkAbout013-25 - Ordinance - Second Amendment to DA with McCormick CommunitiesPORT ORCHARD CITY OF Ordinance Rec Fee: $ 361.50 12/03/2025 02 17 PM Paul Andrews: Kil.sap Co Auditor 202512030123 Page 1 of 59 Name and Mailing Address City of Port Orchard -Clerk's Office 216 Prospect Street Port Orchard, WA 98366 The Recorder is required to use only the information you provide on this cover sheet to index the document. Type or print legibly. Document Title(s): Ordinance No. 013-25 An ordinance of the city of Port Orchard, Washington, Authorizing the Mayor to Execute the Second Amendment to an Existing Development Agreement with McCormick Communities, LLC for the Development and Funding of Certain Transportation Improvements Auditor's File Number of Document (s) Referenced: rj1i���7`77/)3 ► V1. LJ�?3p 7C 17 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 PARCELS 1, 2, 3, 4, 5. 6 . 7, AND 10 OF 20 ACRE LAND SEGREGATION RECORDED UNDER AUDITOR'S FILE NO. 200612270418, RECORDS OF KITSAP COUNTY, WASHINGTON. RESULTANT LOT B OF BOUNDARY LINE ADJUSTMENT RECORDED UNDER AUDITOR'S FILE NO 200811153611, BrA TRACT U (FUTURE DEVELOPMENT ELDON TRAILS DIVISION 1, ACCORDING TO THE PLAT RECORDED IN VOLUME Sl OF PIN 6031 -000 -131-0002,092301-4-004-2007,092301-4-003-2008,092301-4-005-2006 Assessor's 14 digit Tax Parcel Number: 162301-1-020-2004, 5552-000-045-0008, 092301-1-009-2008, 092301-4-002-2009, 162301-1-019-2007, 092301-1-005-2002, and 162301-1-021-2003 04/25/14 ORDINANCE NO. 013-25 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, AUTHORIZING THE MAYOR TO EXECUTE THE SECOND AMENDMENT TO AN EXISTING DEVELOPMENT AGREEMENT WITH MCCORMICK COMMUNITIES, LLC FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS; PROVIDING FOR CORRECTIONS; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, pursuant to RCW 36.70B.170, the City Council has the authority to review and enter into development agreements that govern the development and use of real property within the City; and WHEREAS, the City Council has adopted standards and procedures governing the City's use of development agreements, codified at Chapter 20.26 of the Port Orchard Municipal Code (POMC); and WHEREAS, on December 9, 2020, the City's SEPA official issued a determination of non - significance for the development agreement, and WHEREAS, on February 9, 2021, the City and McCormick Communities, LLC ("McCormick") entered into a Development Agreement to address the design, construction, and funding of certain transportation improvements within and near the McCormick Woods development in the vicinity of Old Clifton Road and Campus Parkway (hereinafter "Development Agreement") which is attached as Exhibit "A" to this Ordinance; and WHEREAS, on March 4, 2023, the City and McCormick executed the First Amendment to the Development Agreement for the purposes of establishing concurrency standards and revising the project completion schedule. The First Amendment is attached as Exhibit "B" to this Ordinance; and; WHEREAS, on July 18, 2025, McCormick applied to the City for the Second Amendment to the Development Agreement; and WHEREAS, McCormick Communities and the City of Port Orchard mutually desire to extend the timeline for the design and construction of certain transportation improvements due to evolving project phasing, permitting requirements, and coordination with infrastructure planning as provided in the Second Amendment attached as Exhibit "C" to this Ordinance; and WHEREAS, on September 23, 2025, the City Council held a public hearing on the proposed Second Amendment to the Development Agreement, and no comments were received; and WHEREAS, the City Council, after careful consideration of the Second Amendment to the Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Ordinance No. 013-25 Page 2 of 3 Development Agreement, finds that the Second Amendment to the Development Agreement is consistent with the City's Comprehensive Plan and development regulations, the Growth Management Act, Chapter 36.70A RCW, and that the amendments herein are in the best interests of the residents of the City; now, therefore, THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. Findings. The City Council adopts all of the "Whereas" sections of this ordinance and all "Whereas" sections of the Second Amendment to the Development Agreement as findings in support of this ordinance. SECTION 2. Second Amendment Authorized. The City Council approves of and authorizes the Mayor to execute the Second Amendment to the Development Agreement with McCormick Communities, LLC and McCormick Land Company, as provided in "Exhibit C" of this Ordinance. SECTION 3. Severability. If any section, sentence, clause or phrase of this Ordinance should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity of constitutionality of any other section, sentence, clause or phrase of this Ordinance. SECTION 4. Corrections. Upon the approval of the city attorney, the city clerk and/or code publisher is authorized to make any necessary technical corrections to this Ordinance or to Exhibit "C", including but not limited to the correction of scrivener's/clerical errors, references, Ordinance numbering, section/subsection numbers, and any reference thereto. SECTION 5. Effective Date. This Ordinance shall be published in the official newspaper of the city and shall take full force and effect five (5) days after posting and publication as required by law. A summary of this Ordinance may be published in lieu of publishing the entire Ordinance, as authorized by state law. PASSED by the City Council of the City of Port Orchard, APPROVED by the Mayor and attested by the City Clerk in authentication of such passage this 23rd day of September 2025. Spned by: r'elo �u "I&Su.tti Robert Putaansuu, Mayor ATTEST: Brandy Wallace, MMC, City Clerk Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Ordinance No. 013-25 Page 3 of 3 APPROVED AS TO FORM: Signed by: 2'C125i2Q '5' Charlotte A. Archer, City Attorney PUBLISHED: September 29, 2025 EFFECTIVE DATE: October 4, 2025 EXHIBIT A: DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF PORT ORCHARD AND MCCORMICK FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS EXHIBIT B: FIRST AMENDMENT TO DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF PORT ORCHARD AND MCCORMICK FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS EXHIBIT C: SECOND AMENDMENT TO DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF PORT ORCHARD AND MCCORMICK FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 EXHIBIT A: MCCORMICK COMMUNITIES, LLC, DEVELOPMENT AGREEMENT ORDINANCE NO. 006-21 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, AUTHORIZING THE MAYOR TO EXECUTE A DEVELOPMENT AGREEMENT WITH MCCORMICK COMMUNITIES, LLC; PROVIDING FOR SEVERABILITY AND CORRECTIONS; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, pursuant to RCW 36.70B.170, the City Council has the authority to review and enter into development agreements that govern the development and use of real property within the City; and WHEREAS, the City Council has adopted standards and procedures governing the City's use of development agreements, codified at Chapter 20.26 of the Port Orchard Municipal Code (POMC); and WHEREAS, the City and McCormick Communities, LLC have prepared a Development Agreement to address the design, construction, and funding of certain transportation improvements within and near the McCormick Woods development in the vicinity of Old Clifton Road and Campus Parkway, as provided in "Exhibit A" of this Ordinance; and WHEREAS, McCormick Land Company is also a party to this Agreement as the Agreement will replace a 2005 Transportation Development Agreement under which McCormick Land Company is continuing to receive reimbursement for completion of transportation improvements; and WHEREAS, this Development Agreement was consolidated under POMC 20.22.020(2) with the following project permits: Land Disturbing Activity Permit (PW20-031) and Stormwater Drainage Permit (PW20-032); and WHEREAS, in accordance with RCW 36.708.200, when a development agreement is related to a project permit application, the provisions of chapter 36.70C RCW shall apply to any appeal on the development agreement; and WHEREAS, on December 9, 2020, the City's SEPA official issued a determination of non - significance for the proposed development agreement and consolidated permits under the Optional DNS process, and there have been no appeals; and WHEREAS, the Notice of Decision for these project permits was issued on December 24, 2020 and there have been no appeals; and WHEREAS, on January 19, 2021, the City Council held a study session on the proposed development agreement; and Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Ordinance No. 006-21 Page 2 of 23 WHEREAS, on February 9, 2021, the City Council held a public hearing on the proposed development agreement, and comments were not received; and WHEREAS, the City Council, after careful consideration of the development agreement, finds that the development agreement is consistent with the City's Comprehensive Plan and development regulations, the Growth Management Act, Chapter 36.70A RCW, and that the amendments herein are in the best interests of the residents of the City; now, therefore, THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. The City Council adopts all of the "Whereas" sections of this ordinance and all "Whereas" sections of the Development Agreement as findings in support of this ordinance. SECTION 2. The City Council approves of and authorizes the Mayor to execute a development agreement with McCormick Communities, LLC and McCormick Land Company, as provided in "Exhibit A" of this Ordinance. SECTION 3. Severability. If any section, sentence, clause or phrase of this Ordinance should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity of constitutionality of any other section, sentence, clause or phrase of this Ordinance. SECTION 4. Corrections. Upon the approval of the city attorney, the city clerk and/or code publisher is authorized to make any necessary technical corrections to this Ordinance, including but not limited to the correction of scrivener's/clerical errors, references, Ordinance numbering, section/subsection numbers, and any reference thereto. SECTION 5. Effective Date. This Ordinance shall be published in the official newspaper of the city and shall take full force and effect five (5) days after posting and publication as required by law. A summary of this Ordinance may be published in lieu of publishing the entire Ordinance, as authorized by state law. SECTION 6. Appeals. Since the Development Agreement is related to a project permit application, the provisions of chapter 36.70C RCW shall apply to the appeal of the decision of the development agreement. PASSED by the City Council of the City of Port Orchard, APPROVED by the Mayor and attested by the City Clerk in authentication of such passage this 9th day of February 2021. Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Ordinance No. 006-21 Page 3 of 23 Robert Putaans u, Mayor ATTEST: ByRine Rinearson, MMC, City Clerk APPROVED AS TO FORM: Charlotte A. Archer, City Attorney PUBLISHED: February 12, 2021 EFFECTIVE DATE: February 17, 2021 SPONSOR: ek Ashby, Councilmen er �.• F PORT ��� RPO�,�•C.4' ��• AGO r��p SEAL°- %9!�C:MBER�: G'NO Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Ordinance No. 006-21 Page 4 of 23 EXHIBIT A: MCCORMICK COMMUNITIES, LLC, DEVELOPMENT AGREEMENT Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 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 q 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 M•Ic('ormich 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 WI-II:RI.:AS. the Washington State Legislature has authorized the execution of a development agreement between a local government and a person having ownership or control of real prupert} within its 'jurisdiciion t, RCW 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 of the development of the real property for the duration specified in the agreement (RCW 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 20.26 of the Port 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 Will RI -AS. this I)evcl olwttcnt Agreement ht and between the ('it) ul' l'ort Orchard and the Dc \ eloper Ihercinalier the "Development Agreement" ). relates primarily- to the development of property owned h'\ Developer within and near McC'ot•mich Wo'us in the \ icinity of Old Clifton Road anJ ('amputi I'aikwa) and that k more particularly described on Exhibits A -1, A-2, Development Agreement for Funding Transportation improvements Page 1 of 19 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 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 36.70B.190 assumed jurisdiction and agreed to be hound by the 2005 Transportation Development Agreement; and WHNRI':\S. as part of that 2005 Agreement, the predecessor to the Developer (GEM 1, LLC) constructed some projects and puvments for those projects are still on -going and will continue until GEM I, Li C'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 inlhart 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 I still retains, the right to reimbursement that accrued under the 2005 Transportation Agreement when GEM I 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 1 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 I 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 FO:54082696.4 Docusign Envelope ID E3D063C2-A269-49A0-8221-8B1A02D755D4 WHEREAS, the Developer now seeks to update the 2005 Transportation DA in conjunction with obtaining a permit to build the Campus Parkway Roundabout; and WI-IEREAS, 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 fur Developer to recover its costs of building the McCormick Projects described below; and Will .RI:AS, apart from concurrenc' and impact fee credits/reimbursement, this Agreement Lines not address development standards, vesting, or any other regulation that impacts how the McC.trntick Property will be developed: and WHF?REAS, the Parties agree that the 2005 1'ransptnlalion t)A. as set forth in the trs►flic stud> attached to that 220(15 I ranslxa•ta(ion DA. anticipated the generation of -1 x)35 I'M peak hour trips. Based on the development act I' its .ince 2005. S1,111e it these "nips" have been absorbed. I'he parties belie%c it is advantageous to set forth the remaining capacity that may be utilized in (((tore development phases and have confirmed the concurrcncy 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 plans of both the City and the Developer and include confirmation of concurrency, a new pri�jeci list, and a set impact fee credit calculation, the parties deem it in their best interests and the best interests of the community to repeal 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 IIP. As described in the new 'I'II'. these projects arc ID !f 1.5C, "Old Clifton Rd — Campus I'kuy Intersection and II) 112,08 Old ( Tifton ltd & McCormick Woods Dr. Intersection Impr". These Mil projects are collectively rcicrred 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 L)cvelol).:r applied 101- this Development Agreement on December 4, 2020: and b) The I )evelopnW nt Agreement is related to and has been consolidated under POMC 20.22.020(2) with the hilhtwing prnjcet permits: Land Disturbing Activity Permit PW20-031 Stonnwater 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 .1of19 FG:54082696,4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Land Disturbing Activity permit and Stormwater Drainage Permit to perform this project; d) The Old Clifton ltd — Campus Parkway Intersection is included in the City's transportation plan upon which the updaied impact fees are based and therefore the Developer may be reimbursed from the impact fees lior that project; e) The City Council held a public hearing on February 9, 2021 regarding this Development Agreement; f) After a public hearing, by Ordinance No._, the City Council authorized the Mayor 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 LI)AP Permit NPW20-0031 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. Sectin 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, 11C 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 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 maintenance bond for the improvement(s). •'C'PI-U" means the percentage rate change for the All Urban Consumers Index (CPI -U) (1982-198-1 Itlul. no► seasonally adjuaCd. for the Seattle -Tacoma -Bellevue area for that 12 month period froitn Junu;u•v I" to December 31" Indexed as the Annual Average, as is specified h% the Bureau of Labor Statistics, United States Department of Labor. Increases based on CPI -U shall take el'1'ect on March ("of the follov ii 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 proiects subject to this Agreenent, or for past projects done by GEM I/MLC, for which reinthnrsement or impact fee credits will be provided by the City to the Developer or MLC. i) '•Me( ormick Project(s)" or "Project(sl" mean, the to u'ansportati('n projects described above which serve both the Met ormick Properly and the greater Lummunil), as specified in Section 1 and as provided for in all associated hermits/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 5oft 9 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-822 1-8B1 A02D755D4 a) The "City" is the City of Port Orchard, 216 Prospect Street, Port Orchard, WA 98366. b) The `'I)ev'eloper" or "Property Owner" or "McCormick" is a private enterprise which owns the McCormick Property in fee, and who'c principal office is located at 12332 NI: 1150' Place, Kirkland, WA. c) GEM I, 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 at 1869 McGilvra 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 (. Projects are a Private Undertaking. It is agreed among the parties that the Projects are private improvements for which credits are required pursuant to k( W 82.02.0601-I) and that the City has no interest in the improvements until such time as each l'1'uoject 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 rcimbut•sement to MLC pursuant to Section 15 shall survive expiration until full rcimburscment is received by MLC. Following the expiration of the term or extension thereofor if sooner terminated. this Agreement shall have no force and effect. Sectiva 8. Repeal and lteplacentent of 2005 Transportation DA. In consideration of the benefits to the Developer provided by the timely construction of the h1c('ornlick Project., the confirmation of concurrency, the agreement on a credit calculation for transport;llion impact lees high will he charged to the McCormick Propertyand the continuation of reimbursement from impact fees to MLC, the Developer. \ll U. and the City agree to rescind, and by execution of this Agreement do rescind, the 2005 'fransp rrlation Agreement. and replace it with this I)e\elopment. Agreement. Section 9. Concurrency. The Parties agree that ('icy streets affected by development of the McCormick Property have the capacity to serve the !vcCormick Properly in compliance with the (. it\ S Cl)Ill'lll'1'Clle) requil'ellll'llt` so 1011 as such development does not result ill the generation of more than 3,806 I'M peak hour trips, which is the number of remaining trips identified in Section 9 of the 2005 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 IS, 2020. — - AvailablP e M _ Lots/Units for Map Designation on Area Peak Triers Residential t Ex. C -- — — North McCorm ick North _. ___ • Village local center _ I 659 , (See Note— - _ North Development Agreement for Funding Transportation Improvements Page 6 of 19 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 (residential + 1 commercial — -- — • Single Family 312 315 North _ Residential _ _ Total McCormick North 971 McCormick West — — — West • Multifamily 415 _ 419 West • Sing le Family I 1 530 1 545 West Residential_ -- ,-_ - Total McCormick West _1,943 — __j McCormick Woods 697 640 Wd —_ McCormick Woods Retail 63 N/A Wd McCormick Woods 122 N/A GC Conference (Golf Facilities)_I McCormick Woods lc y lots 8 _ 8 — Not depicted Total McCormick Woods _ 890_ _Grand Total — 3,806 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 I-xhibit B-1 and shon (except for the eight legacy lots, which arc vacant lots in prior subdivisions) on Exhibit B-2, which Exhibits are attached hereto and incorporated herein by this reference as i1e litrlh in Iltll. Residential development shall he limited hk either the I'M peak hour trips or the number oI' units. %\hichever is more restrictive. ('ununerei;tl development .halI be limited only by the PM peak hour trips. I o the extent that McCormick in the future proposes residential or commercial development within the McCormick Property that will generate 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 it). Project Schedule. The Developer will commence construction of the two McCormick Projects on the tbllowing schedule a) Work on the roundabout at the intersection of OId (.Tifton Road and (ampu. Parkway (Project II) #1.5C an the ('ity's TII'I (I'ertnit. ►IP1420-031 and I'W_'t►-u3') 'hall commence no later than June 30. 2021. and I)e' eloperwill complete conatuction in a timely and workmanlike manner. Such work shtlll be completed no later (halt September 30, 2022. b) Developer will submit a complete set of plans Ii�r a roundabout at the intersection of Old Clifton Road and McCormick Woods Drive (Project ID 112.08) no later than June 1, 2023 Development Agreement for Funding Transportation improvements Page 7 of 19 FG:54082696.4 Docusign Envelope ID E3D063C2-A269-49A0-8221-8B1A02D755D4 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 tier the roundabout before June 1. 2024. if the City has not acquired the land necessary I''r the roundabout before .lune I. 2024. but does so more than 24 months before expiration of this Agreement. Developer shall construct the roundabout with 24 months of such acquisition. Section II. Project standards. Developer will finance. design, and construct these McCormick Projects to comply with City st;mdtuds, including obtaining all necessary permits. the City will approve the plans helicrc construction begins; and the City will accept responsibility pier the operation ul' the projects once construction is completed and a two-year warranty and maintenance bond is is place. A Project will he deemed completed when all of the liWllow•ing occurs: I. 1 he ('itdeems it substantially complete: 2. All punch list items are finished: 3. the City releases the perlo rmanee 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 13i11 of Sale for the improvements containing the certified construction costs (s►Anlped by licensed engineer) to the City for 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 City's transptirlation impact fee culcul;ttion, plus an annual inflator per the ('PI -l1. or, the ueuutl costs incurred by the Developer. whichever i, less. fhe credits provided under Section 14 below are limited to this maximum creditlreintbuNNsrme,II amount and once the project cost maxinunnls) have been achieved through credits or direct reimbursement to Developer, the credits will no longer he available and full impact fees will be due for further development. Section ii. Applicable Impact Fees. The repeal and replacement of the 2005 'iransportatitIn DA results in all property owners both within and without the McCormick Property being subject to the ('it)'s established city-wide impact fees as these no'.' exist or nut) be modified in the future by the City Council. This Agreement ftit'ther confirms that impact ices. permit ices, capital facilities charges. and other similar fees which are adopted by the ('by to of the I-.1're live Date ol'this Agreement may he increased by the City from time to time, and made applicable to permits and approvals for 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 paid as scat forth in pile 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 Cite from raising its Ices, Including transportntit'n impact fees. and the Developer agrees to pay the impact fees at the rotes that are in effect at the time when payment is due minus any credits applicable according to this Agreement. Section 1a. Impact Fee Credits. The City hereby grants the Developer a crk-dit 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 PO:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 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 ii;xhihits A -I and :\-2) will pay the City's adopted impact I'ce: until I)evelcuper provides documentation to the City that Developer has e\petxled a minim unit iii' $50,001) towards the design or consu•uction nl one iii the ►tic(utnlick Pro.iccts. 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 u•an,portalion impact Ire Iur each application to dcyelop a lot or parcel within the McCormick Property credit area (l.\hihits \-I and A -2t until such little 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 l'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. II the City reimburses the Developer directly with SE:PA mitigation funds received from another developer. then that amount shall be deducted dollar fur .lollar from the am' uiu of pr+•jeci costs outstanding and the credits available will be reduced accordingly. c) Phan completion id each Project. Developer shall submit ecrtilied project costs to the ( it f r review argil acceptance by the City 1-.ngineer. (7ncc these cots and r.�ecutcd 13111 of Sale arc reviewed and accepted by the C it Engineer. 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 he due for development of lots and parcels within the McCormick Property credit 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 arc apprul,riate in light of the unusual circumstances described in the Recitals abate: that they are consiaent with the intent of I'O\1(' 21).182.itt0: and that the ('ity Council has legislotiaely approved this Agreement mid exempted these credits I'oi (levelopnlcnt 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 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Section 15. McCormick land Company Itcimbursetnent. This Agreement reaffirms the City's obligation to reimburse MI-(: for construction of the Glenwood Connector Roadway 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 any fee credits provided for in this Agreement, the City's reimbursement for such project shall continue at the rate of $720.80 for each unit of housing constructed or for each PM Peak trip, or fraction thereof, for which an impact fee is assessed in the MLC reimbursement area as depicted on Exhibit C until such time as MLC is fully reimbursed or this Agreement expires, whichever occurs first. This reimbursement amount shall be increased annually by (Pt -t! (Seattic/T'acoma/Bellevue) for the most recent twelve-month period (January 1$` to December 31"1 prior to the date of the adjuM anent. Such adjustment shall take eftcct on March I" of each year. commencing on March 1. 2021, Disbursements ,shall be made annually in January of each year based on the collections from January I" to December 3l" in the prior year. however in 2021. such payment shall only be from collections from August I to December 31, 2020 as payment from collections through July 31, 2020 has already occurred. MIAagrees to the repeal of the 22((05 'Transportation I)A and accepts the continued reimbursement under this nets Agreement and agrees to he bound by this new Agreement ,is sho%%n h) itsignature to this Agreemen(, Iltis Section 15 shall survive expiration uf• this Agreement 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. •1 he I)eveloper sit -ill dedicate the land that it u 11 that is needed to construct the McCormick Projects prior to final completion of each l rolject. 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 -wary. Such dedications shall occur within a mutually agreeable tinlefiame prior to the hid llicitation for the hrtiieet requiring additional right-of-way. 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 ill writing, specifying the nature of the alleged default and the manner in which said default may be cured. L)uring this thirty 1311) day period, the Party charged shall not be considered in default for plrl'phaL'ti of termination or institution of legal proceedings. 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. at its option, institute legal proceedings pursuant to this Agreement. In addition. the City may decide to tile an action to entialcc the City's Codes. and to obtain penalties and costs as provided in the Port Orchard Municipal Code for violations of this Development Development Agreement for Funding Transportation Improvements Page 10 of 19 FG:54082696.4 Docusign Envelope ID E3D063C2-A269-49A0-8221-8B1A02D755D4 Agreement and the Code. Section 18. 'Termination. This Agreement shall terminate upon the expiration of the term identiliedl in Section 7, which expiration date is February , 2041. Upon termination of this Agreement, the City shall record a notice of such termination in a li"rm satisfmctclry to the City Attorney that the Agreement has been terminated. In addition, this Agreement shall automatically 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 20. Effect upon 'termination on Developer and MLC. Termination of this Agreement as to the Developer or as to \I1 (' shall not affect any of the Developer's or MLC's respective obligations to comply %%ilh the City C'ontprehensive plan mid the terms and conditions or any applicable toning code(s) or subdivision map or other land use entitlements approved Frith respect to the 5Ict'nnnick I's',+party us' the \l L( property, or any other conditions specilied in the Agreement to continue alter the termination of this Agreement or obligations to pay :1s' cssinenis. liens. l ec or lases. 1'( Irtherllt(11'e, ii' the Agt•eetnenl expires witltr(tn the prtJecl costs being fully recovered h\' impact Ice credit or mitigation funds. the Developer will no longer be eligible to receive such credits. I'ruvided, hc►wever. that Section I5 0l' this Agreement gill .urt ivc termination il' ML(' has not yet been fully reimbursed and this Agreement will only expire as to MI.C after both termination and fill reimbursement have occurred. Section 21. Effects upon Termination on City. Upon any termination of this Agreement as to the McCormick property, or any portion thereof: or as to ML.C property. the entitlements, conditions of development, limitations on fees and all other terms and conditions of this Agreement shall no lunges' he vested hereby with respect to the property ai'fcctcd by such termination (provided that vesting of such entitlements, conditions or fees may then be established for such prcllx►•ty pursuant 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 translcr this,\grcement with all rights, title, and interests therein to any person, firm or cot7><1raliun at any time during the term of this Agreement with a sale O1 the underlying property. Developer shall provide the ('it) with written notice of any intent to sell. assign. or u:uhler all or u poriiuun of the McCormick property, at lead .t0 clays in advance of such action. A trunslcr by r)cveloper will not impact the rights ,,t \1l.:C under this Agreement. This requirement I'or notice. however. does not apply to the sale by Developer oh' individual residential lots approved by the City for development of houses. Development Agreement for Funding Transportation Improvements Page it of 19 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Section 23. Binding on Successors; Covenants Running with the Land. The conditions and covenants set North 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 ever) purchaser. assignee or transferee of an interest in the McCormick Property, or any portion thereo[. ;hall be obligated and bound by the terms and conditions of this Agreement. and shall he the beneficiary thereof and a Party thereto, but only with respect to the McCormick Propert). or suclr portion thereof. sold, assigned or transferred to it. Any such purchaser, assignee or transferee shall observe and fully perlin•nt all of the duties and obligations of a I)eveloper 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; leffect of Agreement on Future Actions. No waiver. alteration, or modification to any of the pro\ i.ions of this Agreement shall he binding uulesc in writing. signed by the duly authoriicd reprrsentatives of the Parties. be consistent with C'huptter 2(1.26 130,\- '. anti. here considered substantive as determined by the Director. follow the same procedures set litrth in Chapter 202(, 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 regulations, or to impacts fees that aliect the McCormick Property in the same manner as other properties, after the Effective Date of this Agreement. Section 25. Releases. a) General. Developer may lice itself from titrther obligations relating to the sold, assigned, or transferred property. provided that the buyer. assignee or transferee expressly assumes the obligations under this Agreement as provided herein. I) Previously collected impact fees. Dv%doper expressly tsaives and tbrever releases City from any and all claim'. it ma) Irate ttith regards to the :utritunt or usage of any transportation impact lines which the City collected front propetl) that was subject to the _20(15 Transportation I)A prior to the effective date of this Agreement. Developer further agrees that City care utilise these previously collected funds on any prt.ieet it deems appropriate and is not limited to the projects oatlinetl in the 20115 1 ransportation DA. These projects include, but are not limited, to the Old Clifton Road/Anderson Hill Road Roundabout (Project 2.071. 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 [stinguished. This Agreement being a complete replacement to the 20(15 Transportation DA, neither Party has any obligations to Kitsap County. Section 26. Notices. Notices, demands. correspondence to the City, Mt C. andior Developer (as applicable) shall he sufficiently given if dispatched b) pre -paid first-class. mail to the addresses ol'tile parties as (lesignated in "Written \otiee" Section 38 beln. Notice to the City shall be eta 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 for those successors -in - interest who have given the City written notice of their address for such notice. I he parties Development Agreement for Funding Transportation Improvements Page 12 of 19 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221 -8B1 A02D755D4 hereto may, from time to time, advise the other of new addresses for such notices, demands or correspondence. Section 27. Reimbursement for Agreement Expenses of the City. Developer agrees to reimburse the City for actual expenses incurred over and above ices paid by Developer as an applicant incurred by City directly relating to this Agreement, including recording fees, publishing fees and reasonable stuff' and consultant costs not otherwise included within application lees, This Agreement shall not take effect until the fees provided for in this section, as well as any processing fees owed to the City for the transpollntion protect known as the Campus Parkway Round:shout are paid to the ('ily, ttpon payment of all expenses. the I )eveloper may request a i lUen ucl.n,.,a ledgen1c11 of all fees. Such pa) meat at• all fees shall be paid. at the latest, within thirty 1311) days from the City's presentation of a written statement of charges to the Developer. Section 28. Applicable Law, Resolution of Disputes, and Attorneys' Fees. 1F 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 Court, Kitsap County. Washington or the U.S. District ( duel for Western Washington. This Agreement shall be governed by and construed in accurdanee 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' eahettsc5 and reas,mable attrneys fees. Section 2'). No Third -Party Beneficiaries. Except as otherwise provided herein, this Agreement shall not create vii rights enforceable by any party who is not a Party to this Agreement. Section 311. City's right to breach. The patties agree that the (.'its may. without incurring any liability. engage in action that would otherwise be a breach if the City makes 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 Cit)'s duties under the agreement are expressly conditioned upon the Developer's or Property Owner's substantial compliance with each and aver} term. condition. provision and/or eaventutt in this Agreement. including. all applicable federal. state, and local laws and regulations and the Developer's/Property Owner's obligations as identifed in any approval or project permit lot' the property identified in this Agreement. Section 32. Limitation on city's Liability for Breach. Any breach of this Agreement by the ('sty shall It right nab to damages under state contract law and shall not give rise to any liahilils under Chapter 64.41.1 RC W. the Fillh and Fourteenth Amendments to the U.S. Constitution. or similar state constittlionaI provisions. Section 33. Third Party Lcgnl Challenge. In the event any legal action or special proceeding is commenced by am par%oll ur entity other than ;) Party to ehullenge this Agreement or ;tits I,r,'vkion herein, the ('ii) mt►\ sleet to tender the defense of such lawsuit or individual claim" ill the lawsuit to Developer . In ,"uch cent, Developer shall hold the City harmless from Development Agreement for Funding Transportation Improvements Page 13 of 19 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 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. Beckon 34. Specific Performance. The parties specifically agree that damages are not an adequate remedy the breach of' this Agreement. and that the parties are entitled to compel Specific performance of all material terms of' this Development Agreement by any Party in default hereof. Section 35. Recording. This .Agreement shall be recorded against the property with the real property records of' the K itsup County AAuditor. During the term of the \greenunl, it is binding upon the ou\ners ol'the property and ;uty suceessoi:s in interest tt such property. Section 36. 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 l'arty in good faith 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. Section 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 coturar%. finless otlteraiw specified, any %%ritten niuice hereunder shall become effective upon the date of both emailing and mailing by registered or certified mail, and shall be deemed sufficiently given if sent to the addressee at the address stated below McCORMICK: Eric Campbell 12332 NE 115'h Place Kirkland, WA 98033 criau, IisfJnt.nlic.cum Nick Tosti 805 Kirkland Avenue, Suite 200 Kirkland, WA 98033 nicku' ti �r_m;iii r,mi CITY: Mayor City of Port Orchard 216 Prospect Street Port Orchard WA 98366 I' III ;iii.tni:,rC'il' 1t pvtntchard.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 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 GEM 1, LLC / McCORMICK LAND COMPANY Doug Skrobut 1869 McGilvra Blvd E Seattle, WA 98112 d"Ll-441ta' r ;.ntu�il.C1111.i Section 3'). Time Is of the essence. All time limits set forth herein are of the essence. The Partiec agree to perform all obligations under this Agreement with due diligence. Sectiprl 44). hutirc :Ngrecmcitt. The written provisions and terms of this .\ercement. together with the I'xhihits ;tttachetl hereto. shall suhrrscdc all prior verbal statcmcnts of any officer or other rrpresrntalive of the parties, and such statements shall not be eftcetive or be construed as entering into or forming a part of or altering in any manner whatsoever, this Agl'cetnent. 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 . 5_ day of February, 2021. MCCORMICK COMMUNITIES, LLC GEM 1, LLC/McCORMICK LAND COMPANY By: _ P11tOVEI) ,�rS TO FORM: Patrick Schneider Attorney for McCormick CITY OF PORT ORCHARD — Its: Mayor , iuul loft 1,iri. o� p� P012) otiro,p V��' mac'• q ���0 APPROVEX.'() RM: I ulilcr S. tobcrtson Attorney for Port Orchard Development Agreement for Funding Transportation Improvements Page 15 of 19 FG:54082696.4 Docusign Envelope ID E3D063C2-A269-49A0-8221-8B1A02D755D4 APPROVED AS TO FORM: Duana Kolouskova Attorney for GEM 1, LLC/MLC ATTEST: Brandy inearson Port Orchard City Clerk Development Agreement fbr Funding Transportation Improvements Page 16 of 19 Fa:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 NOTARY BLOCK FOR PORT ORCHARD STATE OF WASHINGTON ) ) ss. COUNTY OF KITSAP ) I certify that I know or have satisfactory evidence that_ir. Ruh I'ulaansuu is the person who appeared he lore me, and said person aL'i+nu+ IcdCd that he signed this instrument. nn oath stated that hr +va, author iced to c�ccutc the insuunlent and arknu++IcJgcJ it a. theMtypr ul' Pert Orchard to be the free and voluntary act of such Party for the uses and purposes mentioned in the instrument. c (print or type name) NOTARY PUBLIC in and for the State of Washington, residing at: My Commission expires: 1�,LDC Development Agreement for Funding Transportation Improvements Page 17 of 19 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-822 1-8B1 A02D755D4 NOTARY BLOCK FOR McCORMICK COMMUNITIES STATE OF WASHINGTON ) / ss. COUNTY OF ___ ) I certify that I know or have satisfactory evidence that Mr.L3is the person who appeared before me, and said person acknowledged that (hg/she) signed this instrument, on oathstated that (he/she) was authorized to execute the instrument and acknowledged it as the — of k1c(,urmick C'i�mmunilic,. I l (_ to be the free and voluntary act of such Party for the uses and purposes mentioned in the instrument. Dated: - _— _ 20 •,L L aryblic f Washington D. MARSHALLISSION EXPIRES3-06-2021 ____d..iL AVJ 1)_i ".J L i( (print or type name) NOTARY PUBLIC in and for the State of Washington, residing at: My Commission expires: Cat, Z Development Agreement for Funding Transportation Improvements Page 18 of l9 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 NOTARY BLOCK FOR GEM 1 / McCORMICK LAND COMPANY STATE OF WASHINGTON ) ss. COUNTY OF L ) I certify that I know or have satisfactory evidence that \1r. 13m g ir1A 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 — VSO of G.1-fI_1.I I l'/N1cCorrnicI I_and(_oinpan to be the free and voluntary act of such Party for the uses and purposes mentioned in the instrument. Dated:'L 202.1 Notary Public State of Washington ANDREW D. MARSHALL MY COMMISSION EXPIRES fl 03-06-2021 rt≥J1'L Li! (print or type name) NOTARY PUBLIC in and for the State of Wasl 'ngton, residing at: - My Commission expires: Development Agreement for Funding Transportation Improvements Page 19 of 19 FG:54082696.4 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 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 Docusign Envelope ID E3D063C2-A269-49A0-8221-8B1A02D755D4 Exhibit A-2 McCormick Property Maps of Parcels/Areas Subject to Impact Fee Credit 'ii .J!i •-_._: a_. -I :t lt4 j tIII _ w�t.r - •.... ' �•,:r 1 .•irk' -- LI_ .J ' h -"�'� �,�1.�..3�' I r{ — = j 1 f F Wd fi I�- Il_}, r� West t E 'i/Wd tf +./f Wd I Ii it 't. • � � '�F, _ I .-I _.I �(_ • rte-" i I Legend ..•.......•..•......•..., McCormick North - North �........ McCormick West — ...........West.....•..•. �. ...... I .........................1 McCormick Woods — — i Wd Docusign Envelope ID E3D063C2-A269-49A0-8221-8B1A02D755D4 Exhibit B-1 List of Parcels with Vested Concurrency McCormick North 052301-4-023-2008 052301-4-027-2004 052301-4-024-2007 052301-4-025-2006 052301-4-026-2005 OS2301-4-013-2000 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 Legacy Lots 5190-000-018-0009 6031-000-032-0002 6031-000-025-0001 6031-000-063-0004 5161-000-021-0009 5145-000-023-0008 5139-000-013-0008 6031-000-074-0001 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Exhibit B-2 Map of Parcels/Areas with Vested Concurrency y`I;I T 'lu•• �� L..�T --�- • , 1 'f 1 r •_ I •' .. I J. 1: NL ICJ I — t I — l ;-1 � , ' ; : ' �' ,,. . III irk . k 1� I I} 1 I -I �; E North.; I I , i I. 1 II i I I li ''.l wdt. ', !II / ( ../ W West �Wd�.f ICL, — (..rf Wd I I ` 1_ lirt r / H -1-Y1—r•-T v4 'p J'H . [i1 Wd'1L .� _ . � cif .—-1— — 'fit . ;I _ ..' III . } Legend McCormick North - McCormick West McCormick Woods Golf Facilities .........................., North ........................................; ........................... •............, West ......................................... ..................................... Wd ......................................, GC See Exhibit B1 for legacy lots vested to concurrency with this agreement Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Exhibit C Boundary of 2005 Traffic Agreement _1 iI■ , �+ -r — I der r 11 1a 1 t + + 1 TI r �! I iI L. I, I , J_ I--: _ ` is ,ILisT.. -r1. -I1 •. •,fYYiYY�Ti ••7ii■,•t'�IYr■ira•� I `I • L1I F P _r' - H ' - - •rrn•r.�• a Iv --- �•� � �.I L� I'( Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 EXHIBIT B: FIRST AMENDMENT TO MCCORMICK COMMUNITIES, LLC, DEVELOPMENT AGREEMENT ORDINANCE NO. 041-23 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, AUTHORIZING THE MAYOR TO AMEND AN EXISTING DEVELOMENT AGREEMENT WITH MCCORMICK COMMUNITIES, LLC; PROVIDING FOR CORRECTIONS; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, pursuant to RCW 36.70B.170, the City Council has the authority to review and enter into development agreements that govern the development and use of real property within the City; and WHEREAS, the City Council has adopted standards and procedures governing the City's use of development agreements, codified at Chapter 20.26 of the Port Orchard Municipal Code (POMC); and WHEREAS, in January 2021, the City and McCormick Communities, LLC entered into a Development Agreement to address the design, construction, and funding of certain transportation improvements within and near the McCormick Woods development in the vicinity of Old Clifton Road and Campus Parkway, as provided in "Exhibit A" of this Ordinance; and WHEREAS, McCormick Communities is requesting to update this previously approved development agreement to correct a discrepancy between the number of peak pm trips and the number of housing units covered by the proposed development agreement; and WHEREAS, on December 9, 2020, the City's SEPA official issued a determination of non - significance for the proposed development agreement and consolidated permits under the Optional DNS process, and there have been no appeals; and WHEREAS, on December 19, 2023, the City Council held a public hearing on the proposed amendment to the development agreement, and comments were received; and WHEREAS, the City Council, after careful consideration of the development agreement and all public comments and testimony, finds that the revised development agreement is consistent with the City's Comprehensive Plan and development regulations, the Growth Management Act, Chapter 36.70A RCW, and that the amendments herein are in the best interests of the residents of the City; now, therefore, THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. The City Council adopts all of the "Whereas" sections of this ordinance and all "Whereas" sections of the Development Agreement as findings in support of this ordinance. Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Ordinance No. 041-23 Page 2 of 3 SECTION 2. The City Council approves of and authorizes the Mayor to execute a development agreement with McCormick Communities, LLC and McCormick Land Company, as provided in "Exhibit A" of this Ordinance. SECTION 3. Severability. If any section, sentence, clause or phrase of this Ordinance should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity of constitutionality of any other section, sentence, clause or phrase of this Ordinance. SECTION 4. Corrections. Upon the approval of the city attorney, the city clerk and/or code publisher is authorized to make any necessary technical corrections to this Ordinance, including but not limited to the correction of scrivener's/clerical errors, references, Ordinance numbering, section/subsection numbers, and any reference thereto. SECTION 5. Effective Date. This Ordinance shall be published in the official newspaper of the city and shall take full force and effect five (5) days after posting and publication as required by law. A summary of this Ordinance may be published in lieu of publishing the entire Ordinance, as authorized by state law. SECTION 6. Appeals. Since the Development Agreement is related to a project permit application, the provisions of chapter 36.70C RCW shall apply to the appeal of the decision of the development agreement. PASSED by the City Council of the City of Port Orchard, APPROVED by the Mayor and attested by the City Clerk in authentication of such passage this 19th day of December 2023. EDocuSigned by: 6Maat sIAIA. Robert Putaansuu, Mayor S' gned by: Brandy Wallace, MMC, City Clerk AP cV :TO FORM: £03701 r0550457 Charlotte A. Archer, City Attorney PUBLISHED: December 22, 2023 EFFECTIVE DATE: December 27, 2023 SPJLQgned by: ,,bLln r,Lattisolt John Clauson, Councilmember i, P QRT OR ` SEAL MBEa` ''',, OF WAN`"'\ Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Ordinance No. 041-23 Page 3 of 3 EXHIBIT A: MCCORMICK COMMUNITIES, LLC, DEVELOPMENT AGREEMENT Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 FIRST AMENDMENT TO DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF PORT ORCHARD AND MCCORMICK COMMUNITIES, LLC FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS Contract No. 035-21 THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS ("Amendment Agreement") is entered into between the City of Port Orchard, a Washington municipal corporation ("City" or "Port Orchard") and McCormick Communities, LLC, a Washington limited liability company ("McCormick"). City and McCormick are each a "Party" and together the "Parties" to this Amendment Agreement. RECITALS: WHEREAS, on February 1, 2021 the Parties entered into a Development Agreement for the purposes of establishing transportation improvements and concurrency for the McCormick Woods development project; and WHEREAS, Section 9 of the Development Agreement establishes the number of lots and peak pm trips that can be constructed/generated in McCormick Woods and the Parties desire to modify these numbers such that the maximum number of lots is aligned with the maximum number of peak pm trips already approved in the Development Agreement; and WHEREAS, McCormick is the owner of all parcels that will be impacted by the concurrency change; and WHEREAS, this First Amendment does not change any impact fee credits, concurrency, development standards, or entitlements for any parcels that may be covered by the Development Agreement and that have since been sold by McCormick to other parties, therefore, none of the other owners are parties hereto as their rights are not affected; and WHEREAS, the properties impacted by this Amendment are shown on Exhibit D which is attached to this Amendment; and WHEREAS, McCormick Land Company's rights under the Development Agreement are not impacted by this First Amendment, therefore, they are not a party hereto; and WHEREAS, in consideration of the promises and undertakings described above together with those in the Development Agreement, the City and McCormick agree as follows: FIRST AMENDMENT TO McCORMICK TRANSPORTATION DA Page 1 /9-28-2023 10728979.7 - 367463 - 0005 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 AGREEMENT: 1. Development Agreement affirmed. The Development Agreement is affirmed except as modified by this Amendment Agreement. 2. Exhibits. Section 4 "Exhibits" of the Development Agreement is hereby amended to read as follows: 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. f) Exhibit D — Map showing properties impacted by this Amendment. 3. Concurrency. Section 9 "Concurrency" of the Development Agreement is hereby amended to read as follows: 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 trips, which is the number of remaining trips identified in Section 9 of the 2005 Transportation DA reserved for the McCormick Property identified on Exhibits B- I 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 I Lots/Units for Map Area PM Peak Residential Designation on Trips I Ex. C FIRST AMENDMENT TO McCORMICK TRANSPORTATION DA Page 2 /9-28-2023 10728979.7 - 367463 - 0005 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 McCormick North North • Village local center (residential 659 (See Note 1) North + commercial • Single Family 312 315 North Residential Total McCormick 971 North McCormick West West • Multifamily 415 419 West • Single Family 1,530 1,545 West Residential Total McCormick 1,945 West McCormick Woods 697 697 640 Wd McCormick Woods 63 N/A Wd Retail McCormick Woods Conference (Golf 122 N/A GC Facilities) McCormick Woods 8 8 Not depicted legacy lots Total McCormick 890 Woods Grand Total 3,806 ' 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 shown (except for the eight legacy lots, which are vacant lots in prior subdivisions) on Exhibit B-2, which Exhibits are attached hereto and incorporated herein by this reference as if set forth in full. Residential development shall be limited by either the PM peak hour trips or the number of units, whichever is more restrictive. Commercial development shall be limited only by the PM peak hour trips. To the extent that McCormick in the future proposes residential or commercial development within the McCormick Property that will generate 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. FIRST AMENDMENT TO McCORMICK TRANSPORTATION DA Page 3 /9-28-2023 10728979.7 - 367463 - 0005 Docusign Envelope ID. E3D063C2-A269-49A0-8221-8B1A02D755D4 4. Project Schedule. Section 10 "Project Schedule" of the Development Agreement is hereby amended to read as follows: Section 10. Project Schedule. The Developer will commence construction of the two McCormick Projects on the following schedule: a) Work on the roundabout at the intersection of Old Clifton Road and Campus Parkway (Project ID #1.5C on the City's TIP) (Permits #PW20-031 and PW20-032) shall commence no later than June 30, 2021, and Developer will complete construction 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 and permit applications for a roundabout at the intersection of Old Clifton Road and McCormick Woods Drive (Project ID #2.08) no later than June January 31, 2025 and McCormick will commence construction of said roundabout no later than June 1, X42026, 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 October 30, 22027, so long as the City has acquired the land necessary any necessary additional right of way and issued the permits for the roundabout before June 1, 20242026. If the City has not acquired_ the necessary apy necessary additional right of way or issued the permits for the roundabout before June 1, 2024, but does so more than 24 months before expiration of them -s Development Agreement, Developer shall construct the roundabout with 24 months of such acquisition and/or permit issuance, whichever occurs later. 5. Default. Failure or delay by either Party to perform any term or provision of this Amendment Agreement shall constitute a default. In the event of alleged default or breach of any terms or conditions of this Amendment 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 default 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 legal proceedings. 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 Amendment Agreement may, at its option, institute legal proceedings pursuant to this Amendment Agreement. FIRST AMENDMENT TO McCORMICK TRANSPORTATION DA Page 4 /9-28-2023 10728979.7 - 367463 - 0005 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 6. 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. 7. Conflict. In the event of any conflict between this Amendment Agreement and the Port Orchard Municipal Code, this Amendment Agreement shall control. 8. Resolution of Disputes and Governing Law. If any dispute arises between the City and McCormick under any of the provisions of this Amendment Agreement, jurisdiction of any resulting litigation shall be filed in Kitsap County Superior Court, Kitsap County, Washington. This Amendment 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 Amendment Agreement shall pay the other Parties' expenses and reasonable attorney's fees. 9. Written Notice. All written communications regarding enforcement or alleged breach of this Amendment Agreement shall be sent to the parties at the addresses listed below, unless notified to the contrary. Unless otherwise specified, any written notice hereunder shall become effective upon the date of both emailing and mailing by registered or certified mail, and shall be deemed sufficiently given if sent to the addressee at the address stated below: McCORMICK: Eric Campbell 12332 NE 115th Place Kirkland, WA 98033 eric ,mspgroupllc.com Nick Tosti 805 Kirkland Avenue, Suite 200 Kirkland, WA 98033 nicktosti( gmail.com CITY: Rob Putaansuu, Mayor City of Port Orchard 216 Prospect Street Port Orchard WA 98366 rrputaansuuCc cityofportorchard.us A copy shall also be transmitted to the City Clerk at the above address 10. Modification. No waiver, alteration, or modification of any of the provisions of this Amendment Agreement shall be binding unless in writing and signed by a duly authorized representatives of the City and McCormick. 11. Severability. The provisions of this Amendment Agreement are declared to be severable. If any provision of this Amendment Agreement is for any reasons held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other provision. FIRST AMENDMENT TO McCORMICK TRANSPORTATION DA Page 5 /9-28-2023 10728979.7 - 367463 - 0005 Docusign Envelope ID E3D063C2-A269-49A0-8221-8B1A02D755D4 12. Good Faith and Due Diligence. The Parties agree to perform all obligations under this Amendment Agreement in good faith and with due diligence. 13. Impact of First Amendment. As set forth in the Recitals above and as shown on Exhibit D, McCormick Communities, LLC is the only property owner that is bound by the Development Agreement that is impacted by this First Amendment. This First Amendment does not change any impact fee credits, concurrency, development standards, or entitlements for any parcels that may be covered by the Development Agreement and that have since been sold by McCormick to other parties, therefore, none of the owners other than McCormick Communities, LLC are parties to this First Amendment as their rights are not affected. Therefore, given the limited nature and impacts of this First Amendment, only McCormick Communities, LLC and the City need to be parties to this First Amendment and no other parties who may otherwise be bound by the Development Agreement need to participate in this First Amendment. IN WITNESS WHEREOF, the Parties have executed this Amendment Agreement on this _ day of , 2023. MCCORMICK COMMUNITIES, LLC By: Its: APPROVED AS TO FORM: Patrick Schneider Attorney for McCormick Communities CITY OF PORT ORCHARD DocuSigned by: By: �GG �U�'u4Un,Sltiu. Its: Mayor APPROVED AS TO FORM: DocuSigned by: 3CCDg24BC20444F.. Jennifer S. Robertson Attorney for Port Orchard ATTEST: DocuSigned by: 6 ae,asaaaootin Brandy Wallace Port Orchard City Clerk FIRST AMENDMENT TO McCORMICK TRANSPORTATION DA Page 6 /9-28-2023 10728979.7 - 367463 - 0005 Docusign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Exhibit A 1 List of Parcels Subject to 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 Dowsign Envelope ID. E3D063C2-A269-49A0.8221-881A02O755D4 Exhibit A2 Areas Subject to Fee Credit Legend McCormick North McCormick West McCormick Woods ....•.............................• . North ........................................: :....................................... : West Wd Docusign Envelope ID: E3D063C2-A269-49A0-822 1-8B1 A02D755D4 Exhibit B 1 List of Parcels with Vested Concurrency 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 Legacy Lots 5190-000-018-0009 6031-000-032-0002 6031-000-025-0001 6031-000-063-0004 5161-000-021-0009 5145-000-023-0008 5139-000-013-0008 6031-000-074-0001 Docusign Envelope ID: E3D063C2-A269.49A0.8221-BB1A02D755D4 Exhibit B2 New Concurrency Areas Legend McCormick North McCormick West McCormick Woods Golf Facilities ........., North .........................I.............. :........................................ West ........................................ Wd ......................................... GC See Exhibit B1 for legacy lots vested to concurrency with this agreement Domsign Envelope ID: E3D063C2-A269-49A0-8221-8B1A02D755D4 Exhibit C Boundary of 2005 Traffic Agreement Docusign Envelope ID E3D063C2-A269-49A0-8221.8B1A02O755D4 Exhibit D Areas Subject to first revision Legend Parcels subject to is revision- Parcel Numbers 6031-000-131-0002 092301-4-004-2007 092301-4-003-2008 5552-000-045-0008 092301-1-009-2008 092301-4-002-2009 162301-1-020-2004 162301-1-019-2007 092301-1-005-2002 092301-4-005-2006 162301-1-021-2003 Docusign Envelope ID 5A466AAF-7282-4B88-9979-E62EF1B364D7 EXHIBIT C: SECOND AMENDMENT TO MCCORMICK COMMUNITIES, LLC, DEVELOPMENT AGREEMENT SECOND AMENDMENT TO DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF PORT ORCHARD AND McCORMICK COMMUNITIES, LLC FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS THIS SECOND AMENDMENT TO DEVELOPMENT AGREEMENT FOR THE DEVELOPMENT AND FUNDING OF CERTAIN TRANSPORTATION IMPROVEMENTS ("Amendment Agreement") is entered into between the City of Port Orchard, a Washington municipal corporation ("City" or "Port Orchard") and McCormick Communities, LLC, a Washington limited liability company ("McCormick"). City and McCormick are each a "Party" and together the 'Parties" to this Amendment Agreement. RECITALS: WHEREAS, on February 1, 2021 the Parties entered into a Development Agreement for the purposes of establishing transportation improvements and concurrency for the McCormick Woods development project; and WHEREAS, on March 4, 2024, the First Amendment to the Development Agreement was executed by the Parties to correct update concurrency and to change the deadline for the Project Schedule; and WHEREAS, since that time the Parties discovered that a water main project may need to be routed through the intersection of Old Clifton Road and Campus Parkway before the roundabout is constructed, therefore, the deadline for the roundabout should be adjusted to account for this additional project and WHEREAS, McCormick is the owner of all parcels that will be impacted by this Second Amendment; and WHEREAS, this Second Amendment does not change any impact fee credits, concurrency, development standards, or entitlements for any parcels that may be covered by the Development Agreement and that have since been sold by McCormick to other parties, therefore, none of the other owners are parties hereto as their rights are not affected; and WHEREAS, the properties impacted by this Amendment are shown on Exhibit E which is attached to this Amendment; and WHEREAS, McCormick Land Company's rights under the Development Agreement are not impacted by this Second Amendment, therefore, they are not a party hereto; and WHEREAS, in consideration of the promises and undertakings described above together with those in the Development Agreement, the City and McCormick agree as follows: SECOND AMENDMENT TO McCORMICK TRANSPORTATION DA Page 1 10951760.1 - 366922 - 0026 Docusign Envelope ID 5A466AAF-7282-4B88-9979-E62EF1 B364D7 AGREEMENT: 1. Development Agreement affirmed. The Development Agreement is affirmed except as modified by this Amendment Agreement. 2. Exhibits. Section 4 "Exhibits" of the Development Agreement is hereby amended to read as follows: 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. f) Exhibit D — Map showing properties impacted by the First Amendment. g) Exhibit E — Map showing properties impacted by the Second Amendment. 3. Project Schedule. Section 10 "Project Schedule" of the Development Agreement which was amended by the First Amendment is hereby amended by this Second Amendment to read as follows: Section 10. Project Schedule. The Developer will commence construction of the two McCormick Projects on the following schedule: a) Work on the roundabout at the intersection of Old Clifton Road and Campus Parkway (Project ID #1.5C on the City's TIP) (Permits #PW20-031 and PW20-032) shall commence no later than June 30, 2021, and Developer will complete construction in a timely and workmanlike manner. Such work shall be completed no later than September 30, 2022. SECOND AMENDMENT TO McCORMICK TRANSPORTATION DA Page 2 10951760.1- 366922 - 0026 Docusign Envelope ID 5A466AAF-7282-4B88-9979-E62EFIB364D7 b) Developer will submit a complete set of plans and permit applications for a roundabout at the intersection of Old Clifton Road and McCormick Woods Drive (Project ID #2.08) no later than January 31, 2027 and McCormick will commence construction of said roundabout no later than June 1, 202-7 2028, 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 June 30, 2028 2029, so long as the City has acquired any necessary additional right of way and issued the permits for the roundabout before June 1, 202-7 2028. If the City has not acquired any necessary additional right of way or issued the permits for the roundabout before June 1, X72028, but does so more than 24 months before expiration of the Development Agreement, Developer shall construct the roundabout with 24 months of such acquisition and/or permit issuance, whichever occurs later. 4. Default. Failure or delay by either Party to perform any term or provision of this Amendment Agreement shall constitute a default. In the event of alleged default or breach of any terms or conditions of this Amendment 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 default 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 legal proceedings. 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 Amendment Agreement may, at its option, institute legal proceedings pursuant to this Amendment Agreement. 5. 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. 6. Conflict. In the event of any conflict between this Amendment Agreement and the Port Orchard Municipal Code, this Amendment Agreement shall control. 7. Resolution of Disputes and Governing Law. If any dispute arises between the City and McCormick under any of the provisions of this Amendment Agreement, jurisdiction of any resulting litigation shall be filed in Kitsap County Superior Court, Kitsap County, Washington. This Amendment 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 Amendment Agreement shall pay the other Parties' expenses and reasonable attorney's fees. SECOND AMENDMENT TO McCORMICK TRANSPORTATION DA Page 3 10951760.1- 366922 - 0026 Docusign Envelope ID 5A466AAF-7282-4B88-9979-E62EF1 B364D7 8. Written Notice. All written communications regarding enforcement or alleged breach of this Amendment Agreement shall be sent to the parties at the addresses listed below, unless notified to the contrary. Unless otherwise specified, any written notice hereunder shall become effective upon the date of both emailing and mailing by registered or certified mail, and shall be deemed sufficiently given if sent to the addressee at the address stated below: McCORMICK: Eric Campbell 12332 NE 115th Place Kirkland, WA 98033 ericna.mspgroupllc. com Nick Tosti 805 Kirkland Avenue, Suite 200 Kirkland, WA 98033 nicktosti a,gmail.com CITY: Rob Putaansuu, Mayor City of Port Orchard 216 Prospect Street Port Orchard WA 98366 rputaansuu2cityofportorchard.us A copy shall also be transmitted to the City Clerk at the above address 9. Modification. No waiver, alteration, or modification of any of the provisions of this Amendment Agreement shall be binding unless in writing and signed by a duly authorized representatives of the City and McCormick. 10. Severability. The provisions of this Amendment Agreement are declared to be severable. If any provision of this Amendment Agreement is for any reasons held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other provision. 11. Good Faith and Due Dilieence. The Parties agree to perform all obligations under this Amendment Agreement in good faith and with due diligence. 12. Impact of Second Amendment. As set forth in the Recitals above and as shown on Exhibit E, McCormick Communities, LLC is the only property owner that is bound by the Development Agreement that is impacted by this Second Amendment. This Second Amendment does not change any impact fee credits, concurrency, development standards, or entitlements for any parcels that may be covered by the Development Agreement and that have since been sold by McCormick to other parties, therefore, none of the owners other than McCormick Communities, LLC are parties to this Second Amendment as their rights are not affected. Therefore, given the limited nature and impacts of this Second Amendment, only McCormick Communities, LLC and the City need to be parties to this Second Amendment and no other parties who may otherwise be bound by the Development Agreement need to participate in this Second Amendment. SECOND AMENDMENT TO McCORMICK TRANSPORTATION DA Page 4 10951760.1- 366922 - 0026 Docusign Envelope ID 5A466AAF-7282-4B88-9979-E62EFIB364D7 IN WITNESS WHEREOF, the Parties have executed this Amendment Agreement on this 3 day of November , 2025. MCCORMICK COMMUNITIES, LLC Signed by: Bv: Its: Authorized Signatory APPROVED AS TO FORM: Patrick Schneider Attorney for McCormick Communities CITY OF PORT ORCHARD Signed by: yeti r4MA&Su By: 3,9643?E3F'B470 Its: Mayor APPROVED AS TO FORM: Signed by: Jennifer S. Robertson Attorney for Port Orchard ATTEST: Sfy--nedbyy:,,--F VV BWallace Port Orchard City Clerk SECOND AMENDMENT TO McCORMICK TRANSPORTATION DA Page 5 10951760.1 - 366922 - 0026 Docusign Envelope ID: 5A466AAF-7282-4B88-9979-E62EF1B364D7 COUNTER COMPLETE Permit Center Jul 18, 2025 City of Port Orchard Community Development Exhibit A 1 List of Parcels Subject to 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 LU25-Dev Agreement -02 Docusign Envelope ID: 5A466AAF-7282 4888 9979-E62EFI B364D7 Exhibit A2 Areas Subject to Fee Credit Legend McCormick North McCormick West McCormick Woods COUNTER COMPLETE Permit Center Jul 18, 2025 City of Port Orchard Community Development ......................................... North :....................................... r West ........................................ : Wd :..................I..................... LU25-Deu Agreement -02 Docusign Envelope ID: 5A466AAF-7282-4B88-9979-E62EF1 B364D7 COUNTER COMPLETE Permit Center Jul 18, 2025 City of Port Orchard Community Development Exhibit B 1 List of Parcels with Vested Concurrency 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 Legacy Lots 5190-000-018-0009 6031-000-032-0002 6031-000-025-0001 6031-000-063-0004 5161-000-021-0009 5145-000-023-0008 5139-000-013-0008 6031-000-074-0001 LU25-Dev Agreement -02 Docusign Envelope ID: 5A466AAF-7282-4B88-9979-E62EF1B364D7 COUNTER COMPLETE Permit Center Jul 18, 2025 City of Port Orchard Community Development Exhibit B2 New Concurrency Areas Legend McCormick North McCormick West McCormick Woods Golf Facilities .........................., North ......................................... :......................................... West Wd :........................................: :......................................... GC See Exhibit B1 for legacy lots vested to concurrency with this agreement LU25-Dev Agreement -02 Docusign Envelope ID: 5A466AAF-7282-4B88-9979-E62EF1 B364D7 COUNTER COMPLETE Permit Center Jul 18, 2025 City of Port Orchard Community Development Exhibit C Boundary of 2005 Traffic Agreement 1U25-Dev Ageement-O2 Docusign Envelope ID: 5A466AAF-7282-4B88-9979-E62EF1B364D7 Exhibit D Area subject to first amendment COUNTER COMPLETE Permit Center Jul 18, 2025 City of Port Orchard Community Development Legend ................ Parcels subject to 1 s revision: 6031-000-131-0002 092301-4-004-2007 092301-4-003-2008 162301-1-020-2004 Parcel Numbers 5552-000-045-0008 092301-1-009-2008 092301-4-002-2009 162301-1-019-2007 092301-1-005-2002 092301-4-005-2006 162301-1-021-2003 LU25-Dev Agreement -02 Docusign Envelope ID: 5A466AAF-7282-4B88-9979-E62EF1 B364D7 Exhibit E Area subject to second amendment Legend Parcels subject to 1 s revision: Parcel Numbers 6031-000-131-0002 5552-000-045-0008 092301-4-004-2007 092301-4-003-2008 162301-1-020-2004 092301-1-009-2008 092301-4-002-2009 162301-1-019-2007 COUNTER COMPLETE Permit Center Jul 18, 2025 City of Port Orchard Community Development 092301-1-005-2002 092301-4-005-2006 162301-1-021-2003 LU25-Dev Agreement -02