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HomeMy WebLinkAbout23-04 Resolution RECORD OF RESOLUTIONS _ _ _g~y~~~_~~~~IB!_~~~-,-~n~:-,-~c:>!~_!'i~~~~g~5 Passed ,20_ A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AN INFRASTRUCTURE AGREEMENT FOR EMERALD PARWAY, PHASE SA, WITH SAWMILL PARTNERS WHEREAS, the City of Dublin wishes to provide a roadway network with multiple connections between routes and uses; and WHEREAS, the City of Dublin wishes to create a continuous streetscape for all portions of Emerald Parkway; and WHEREAS, the City of Dublin wishes to ensure that roadway improvements minimize impact to environmentally sensitive areas; and WHEREAS, Sawmill Partners owns certain parcels of real property west of Sawmill Road, south of Summit View Road and north and south ofRard Road in the City on which it is developing a high quality mixed use community development; and WHEREAS, the City of Dublin and Sawmill Partners desire to enter into an Infrastructure Agreement to provide for the construction of various roadway, sanitary sewer, and water infrastructure improvements; and WHEREAS, the Parties have determined that it would be in the best interests ofthe City and Sawmill Partners to enter into this Agreement to provide for the efficient and coordinated development of the infrastructure improvements necessary in this section of the City; and WHEREAS, the City has determined that it is in the City's best interest for Sawmill Partners to contribute funds toward the improvements described in the Infrastructure Agreement. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, +-- of the elected members concurring: Section 1. The City Manager is hereby authorized to execute an infrastructure agreement for Emerald Parkway, Phase 5A, with Sawmill Partners. This roadway project is located between Sawmill Road and Rard Road. Section 2. This resolution shall take effect and be in force from and after the earliest date permitted by law. Passedthis..dVPL dayof ~/ ,2004. ~L Mayor - Presiding Officer Attest: ~~~ Clerk of Council I hereby certify that copies of this Ordinance/Resolution were posted in the City of Dublin in accordance with Section 731.25 of the Ohio Revised Code. De Office of the City Manager 5200 Emerald Parkway' Dublin, OH 43017 Memo CITY OF DUBLIN. Phone: 614-410-4400 · Fax: 614-410-4490 To: Members of City Council From: Jane S. Brautigam, City ManagerIJ~5. (b~- Date: April 28, 2004 M ':<:- Initiated By: Paul A. Hammersmith, P.E., Director of Engineering/City Engineer . ~~~ cto, Stephen J. Smith, Law Director Barbara A. Cox, P,E., Assistant Director of Engineering - DevelopmenteJP- Re: Infrastructure Agreement for Emerald Parkway, Phase SA Resolution 23-04 Summary Emerald Parkway, Phase 5, is located in the area ofthe Northeast Quad rezoning. It is to be constructed in two phases. Phase 5A, between Sawmill Road and Hard Road, is currently being designed and is to be constructed this year. Phase 5B, south of Hard Road to Billingsley Creek, is also being designed but will not be built until development occurs around the roadway. In the Preliminary Development Plan for the Northeast Quad, this roadway was to be a three-lane road. Since that approval, the creation of the Emerald Parkway was developed to provide a local bypass to the interstate system. The existing portions of Emerald Parkway have been constructed as a four-lane roadway with turn lanes divided by a median. Also, specific landscape and hardscape features have been developed. In order to maintain the continuity of the Emerald Parkway "look" and functionality, the Staff approached Sawmill Partners on allowing the City to construct this phase of Emerald Parkway. The Division of Engineering and Legal Department staff have been working for several months with Sawmill Partners on the details of an Infrastructure Agreement for Phase 5A. The attached version of the Infrastructure Agreement is the result of many meetings and discussions. A separate Infrastructure Agreement for Phase 5B will be brought to Council in the near future. ------ Summary points of the Infrastructure Agreement for Emerald Parkway, Phase 5A: , . Sawmill Partners is going to contribute up to a maximum of $1,431,930.00 paid on a bi-monthly scheduled based on the percent of the construction work that is completed. This amount is essentially 60% of the estimated construction costs for Phase 5A. . Additional costs incurred during construction that are "extraordinary construction events" will be divided by Sawmill Partners (60%) and the City (40%). . The construction of Phase 5A is to be completed by December 1, 2004. . Sawmill Partners will dedicate via a Final Plat the necessary right-of-way and easements. This has been reviewed and approved by the Planning and Zoning Commission. . A waiver of the City's Tree Preservation Ordinance is necessary. The request for waivers on Emerald Parkway Phase 5 and Wyandotte Woods Boulevard were considered and approved by Council on February 2,2004. The consideration for a waiver on the Kroger Centre site is on Monday's night's agenda. Staff anticipates having the construction drawings for Phase 5A ready for bidding in May of 2004 and to ask Council to award the construction contract in June of 2004. Recommendation Staff recommends Council approval of Resolution 23-04 authorizing the City Manager to enter into an Infrastructure Agreement with Sawmill Partners for the construction of Emerald Parkway, Phase 5A. N:\EG\... Council\Council 2004\Emerald Pkwy 5 Agreement Memo.doc ~ -.- "--- ...... ............ ~ .............. __, '''''. --,." . ..... ................ "<;..I I <;:; .'-',.....L..L.....................;;;;; ~ L/ L"+ INFRASTRUCTURE AGREEMENT EMERALD PARKWAY PHASE SA THIS INFRASTRUCTURE AGREEMENT (the "Agreement') date , 2004, by and between the CITY OF DUBLIN, OHIO (the "City"), a municipal corporation duly organized and validly existing under the Constitution and laws of the State of Ohio (the "State") and its Charter, and SAWMILL PARlNERS INVESTMENT COMPANY, SAWMILL PARTNERS INVESTMENT COMPANY NO. II, AND SUMMIT VIEW ASSOCIATES (individually and collectively "Sawmill Partners", and collectively with the City, the "Parties" and each individually a "Party"). WITNESSETH: WHEREAS, Sawmill Partners owns certain parcels of real property west of Sawmill Road south of Summit View Road and north and south of Hard Road in the City on which it is developing a high quality mixed use community development; and WHEREAS, the City and Sawmill Partners desire to enter into a Development Agreement, to provide for the construction of various roadway, sanitary sewer and water infrastructure improvements; and WHEREAS, the Parties have determined that it would be in the best interests of the City and Sawmill Partners to provide for the efficient and coordinated development of the infrastructure improvements necessary in this section of the City; and WHEREAS, the City has determined that it is in the City's best interest for Sawmill Partners to contribute funds toward the improvements described in Exhibit A and for the City to construct such improvements. NOW THEREFORE, the Parties covenant, agree and obligate themselves as follows: ARTICLE I DEFINITIONS Section 1.1. Definitions. Unless otherwise defined herein, words and terms used in this Agreement with initial capital letters shall have the meanings set forth in this Section 1.1. "Agreemenf' means this Infrastructure Agreement by and between the City and Sawmill Partners, as duly amended or supplemented from time to time in accordance with its terms. "Agreement Term" means the period commencing with the execution and delivery of this Agreement and ending on the Termination Date. I -~ - . - ~~, ,~.?......"....... ............. ,.......' '- ?'-',......L.L,..........V.;:;1 # .6/ .:.::'4 "Authorized City Representative" means initially the Director of Development of the City. The City may from time to time provide a written certificate to Sawmill Partners signed on behalf of the City by the City Manager designating an alternative or alternates who shall have the same authority, duties and powers as the initial Authorized City Representative. "Authorized Sawmill Partners Representative" means initially Mike Rosen and any designee of Sawmill Partners, their respective successors and assigns and/or successors in interest. Sawmill Partners may from time to time provide a written certificate signed on behalf of Sawmill Partners by any authorized Sawmill Partners official designating an alternate or alternates who shall have the same authority, duties and powers as the initial Authorized Sawmill Partners Representative. "City" means the City of Dublin, Ohio. "City Documents" means this Agreement and the Ordinance. "Completion Date" means the date specified in a certificate given pursuant to Section 2.4 of this Agreement. "Contractor" means the Contractor(s) selected by the City to perform and complete the Infrastructure Improvements. "Construction Documents" means the detailed construction documents for the Infrastructure Improvements including, without limitation, working drawings, plans and specifications for the Infrastructure Improvements together with a construction schedule on file with and approved by the Authorized City Representative on behalf ofthe City, as the same are approved by the Authorized Sawmill Partners Representative and as may be revised or supplemented from time to time with the approval of the Authorized City Representative and the Authorized Sawmill Partners Representative. "Construction Period" means the period beginning with the commencement of the construction ofthe Infrastructure Improvements and ending on the Completion Date therefor. "Cost ofWor/C' means the total consideration paid or to be paid for the construction or installation of the Infrastructure Improvements pursuant to Article II, and, except as otherwise provided herein, excluding the costs of any easements or rights-of-way necessary for the construction of the Infrastructure Improvements. "Event oj Default" means an Event of Default under Section 6.1 of this Agreement. "Extraordinary Construction Event" means an extraordinary, unforeseen, unforeseeable, unanticipated construction condition which is outside the City's contract with the Contractor and 2 ~-L::::::t-V"', L.-..>...:>r-fVI.-.JI1I....... dllU H(:jl~ ,Vl_'::"'::"'-'--'-V.::;1 - - ~ L_ increases the Cost of the Work but is an essential prerequisite or component for the Completion of the Infrastructure Improvements. Any Extraordinary Construction Event, in addition to being unforeseen, unforeseeable and unanticipated, shall further be non-cosmetic, non-voluntary, and not caused or compelled by variables including but not limited to inflation, schedule issues, contractor errors, engineering errors or other mistakes or omissions. "Force Majeure" means acts of God; fires, epidemics, landslides, floods, strikes, lockouts or other industrial disturbances' acts of public enemies; acts or orders of any kind of any governmental authority; insurrections; riots; civil disturbances; arrests; explosions; breakage or malfunctions of or accidents of machinery; transmission piles or canals; partial or entire failures of utilities; shortages of labor, materials, supplies or transportation; lightning, earthquakes, hurricanes, tornadoes, storms or droughts; periods of unusually inclement weather or excessive precipitation; or any cause or event (other than financial inability) not reasonably within the control of Sawmill Partners or the City, as the case may be. "Guaranteed Maximum Sum" means One Million, Four Hundred Thirty-One Thousand, Nine Hundred and Thirty Dollars ($1,431,930.00). "Infrastructure Improvements" means the Emerald Parkway Phase 5A as further described in Exhibit A of this Agreement. "Infrastructure Improvements Site" means the real estate described in Exhibit B of this Agreement. "Sawmill Partners" means Sawmill Partners Investment Company, Sawmill Partners Investment Company, No. II, and Summit View Associates, individually and collectively Ohio general partnerships duly organized and validly existing under the Constitution oflaws of the State of Ohio, having their principal offices in Columbus, Ohio and their respective successors and assigns and their successors in interest. "Notice Address" means: (a) As to the City: City of Dublin, Ohio 5800 Shier-Rings Road Dublin, Ohio 43016-7295 Attention: Director of Development 3 "'+-L:::J-U"+. L.-.J.Jr-'\I'l.~lIIILII dllU McJl'l;;; .U 1_":,,,":'" 1""''''''''''''';'; - ~, ~~ (b) As to Sawmill Partners: Sawmill Partners Investment Company 1800 Moler Road Columbus, Ohio 43207 Attention: Mike Rosen or a different address as to which notice is given pursuant to Section 7.1 of this Agreement. "Ordinance" means Resolution No. 23-04 passed by the Council of the City on ,2004. This ordinance shall provide, among other things, for any additional monies required in excess of the Guaranteed Maximum Sum to complete the work. "Person" shall mean an individual, a corporation, a partnership, an association, a limited liability company, a joint stock company, ajoint venture, a trust, an unincorporated organization, or a government or any agency or political subdivision thereof. "Emerald Parkway Phase 5A" means any real and/or personal property improvements identified generally under the heading Emerald Parkway Phase SA as described on Exhibit A attached to this Agreement and further specifically described in the Construction Documents. Generally, the Emerald Parkway Phase SA is that portion of the Infrastructure Improvements which are constructed in the Infrastructure Improvements Site beginning at Hard Road extending north to Sawmill Road. "State" means the State of Ohio, one of the United States of America. "W orlC' means the construction of the Infrastructure Improvements in accordance with Articles 2 and 3 of this Agreement. Section 1.2. Certain Words Used Herein: References. Any reference herein to the City, any members or officers thereof, or other public boards, commissions, departments, institutions, agencies, bodies or other entities, or members or officers thereof, includes without limitation, entities or officials succeeding to their respective functions, duties or responsibilities pursuant to or by operation of law or performing their functions lawfully. Any reference to section or provisions of the Constitution of the State, the Act, a section, provision or chapter of the Ohio Revised Code, federal or State laws includes without limitation, that section, provision or chapter, or those laws or regulations, as amended, modified, revised, supplemented or superseded from time to time. Words of any gender include the correlative words of any other gender. Unless the context indicates otherwise, words in1porting the singular number the plural number, and vice versa. The terms "hereof," "herein," "hereby," "hereto," and "hereunder", and similar tenns, 4 4-29-04; 2:53PM;smILn and Hale ;6142214409 # 6/ 24 refer to this Agreement; and the term "hereafter" means after, and the term "heretofore" means I before the date of delivery of this Agreement. ARTICLE II i CONSTRUCTION OF THE INFRASTRUCTURE IMPROVEMENTS Section 2.1. General Considerations. In consideration of the City's promise to construct the Infrastructure Improvements, Sawmill Partners agrees to finance a portion of the Cost of Work, up to but not exceeding the Guaranteed Maximum Sum, in accordance with this Agreement. Section 2.2 Conditions Precedent. The City's obligation under Section 2.3(a) and Sawmill Partners obligations under Section 2.3(b) below are conditional upon and contingent on the following condition precedent: (A) The City shall be the applicant on an application to the City Planning Commission for a Final Development Plan and Plat seeking approval of the Infrastructure Improvements and the City shall diligently pursue such application on behalf of the Parties. The City shall pay the cost of preparation of the Final Development Plan and Sawmill Partners shall pay the cost of preparation of the Plat dedicating the right-of-way and any easement necessary for the Infrastructure Improvements. The City's obligations under Sections 2.3(a) below shall commence upon the approval by the City Planning Commission of the Final Development Plan for the Infrastructure Improvements and the execution of this Agreement. Section 2.3. Construction of the Infrastructure Improvements. The City covenants and agrees that it will contract for the engineering and construction of the Infrastructure Improvements in its name with a contractor or contractors, and Sawmill Partners covenants and agrees to the construction of the Infrastructure Improvements by the City. (a) The City covenants and agrees: (1) to make, execute, acknowledge and deliver any contracts, orders, receipts, writings and instructions hereafter delivered, and do all other things which may be necessary or advisable for the construction, improvement and equipping of the Infrastructure Improvements, all in conformity with all applicable governmental laws, rules and regulations; (2) pursuant to the provisions of this Agreement, to provide for the payment of all fees, costs and expenses incurred in the construction, improvement and equipping of the Infrastructure Improvements; and (3) to the extent commercially reasonable, to ask for, demand, sue for, levy 5 ~-~~-V~. L.~~~M;~mILn ana Hale ;6142214409 # 7/ 24 I I . upon, recover and receive all sums of money, indebtedness and other demands whatsoever which may be due, owing or payable to the City under the terms of each contract, agreement, obligation, bond, performance security, order and receipt in connection with the construction, improvement and equipping of the Infrastructure Improvements and to enforce the provisions of each contract, agreement, obligation, bond, performance security, order and receipt in connection therewith. (4) The location of the Infrastructure Improvements Site has been slightly altered at the request of the City from prior approvals issued to Sawmill Partners. The City, by the approval of this Agreement and in consideration for Sawmill Partners reliance thereon, hereby determines that no further variances, rezoning or plan approval is necessary as a consequence of such relocation and Sawmill Partners vested rights on its adjacent properties with reference to buildable approved residential units, acreages, buildable building square footages, setbacks or any similar development rights shall not be impaired or reduced thereby. The City further agrees that no building setback or parking setback shall be increased beyond that provided in the Preliminary Development Plan approved by the City Planning Commission as a result of Sawmill Partners conveyance to the City of any easement for any purpose. (5) A waiver of the City's Tree Preservation Ordinance is necessary for the Infrastructure Improvements Site prior to commencement of the Work. Sawmill Partners has filed a tree waiver application for Roadway Improvement Project phase SA. The application I waivers will request a reduction in replacement for non-landmark trees (as so defined by the Dublin Landscape Code) to one replacement tree (a minimum of2 Yz" in caliper inches) for each tree removed and for landmark trees (as defined by the Dublin Landscape Code) to one caliper inch of replacement tree (minimum of2 Yz" in caliper inches) for each caliper inch of Landmark tree removed, or otherwise as agreed by the parties. The cost of the tree replacement for the Infrastructure Improvement Site shall be allocated 60% to Sawmill Partners and 40% to the City. The parties agree that pursuant to the issuance of the tree waiver, (1) the replacement trees for Emerald Phase SA can be planted anywhere within the PUD zoning area adjacent to such Improvement, north of Hard Road (2) can be in whole or in part mitigated by the payment of a tree replacement fee the amount of which will be calculated by the City and agreed to between the parties. If the trees are replaced Sawmill Partners shall invoice the City for the City's 40% of the cost of the Infrastructure Improvement Site tree replacement after such trees are installed, and the City shall promptly pay such invoice. 6 4-L~-V~. L~o~~M;~mILn ano H~l~ ;614LL144U8 # 8/ 24 The cost of tree replacement for Wyandotte Woods Boulevard shall be the responsibility of Sawmill Partners. The replacement trees will be ordered, provided, and installed by Sawmill Partners, and such replacement trees shall be planted on Sawmill Partners property which is adjacent to the Infrastructure Improvement Site. In the event the City fails to approve the tree waivers pursuant to the terms of this paragraph, this Agreement shall be terminable at the option of Sawmill Partners on notice to the City on or before 10 days after such waiver is considered by City CounciL (b) Sawmill Partners covenants and agrees: (1) Sawmill Partners shall file Final Development Plans and diligently pursue the approval of such plans by the City Planning Commission for (1) an anchored retail development for the west side of Sawmill Road and (2) a multi-family development for the tract (including Wyandotte Woods Boulevard) located west of Emerald Parkway. Sawmill Partners obligations under Section 2.3 (b)(2) below shall commence upon approval by the City Planning Commission of the Final Development Plans for both the retail site and the multi-family site west of Emerald Parkway. (2) Provided the City Planning Commission has approved the plans set forth in Section 2.3(b)(1) above to pay the Guaranteed Maximum Sum in accordance with the payment schedule provided on Exhibit C attached hereto and made a part hereof. (3) To dedicate by deed, easements or plat on or before all right- of-way which it owns for the Infrastructure Improvements, including a non-exclusive easement(s) of twenty (20) feet wide along, adjacent, and parallel to both sides of the Infrastructure Improvements Site subject to the approval of Sawmill Partners. (c) Construction Commencement Emerald Parkway Phase SA Construction Commencement: The City's obligations to commence construction on the Emerald Parkway Phase SA shall begin after the satisfaction of the conditions precedent provided in Section 2.2 and the approval of the Construction Documents by the Authorized Sawmill Partners Representati ve. Section 2.4. Completion Date and Certifications. (a) The City shall exercise its best efforts to cause the Emerald Parkway Phase SA to be substantially complete on or before December 1, 2004. 7 4-L8-U4; 2:53PM;smlcn and Hale ;6142214409 # 9/ 24 I Consistent with such covenant, the Parties agree to cooperate hereunder in I order that the Emerald Parkway Phase 5A may be substantially complete on or before such date. (b) The Parties agree that such completion dates may be extended by mutual written agreement of the Authorized City Representative and the Authorized Sawmill Partners Representative. Section 2.5. Guaranteed Maximum Amount and the dedication of the right-of-way for the Infrastructure Improvements. Payment by Sawmill Partners of the Guaranteed Maximum Amount and dedication of the rights-of-way and easements for the Infrastructure Improvements shall relieve Sawmill Partners of all its responsibility to the City for contributions, costs, assessments, or exactions toward the installation of the Infrastructure Improvements for all Sawmill Partners' property west of Sawmill Road and north of Hard Road for Emerald Parkway Phase SA, subject to the provisions of Section 3.4 below. Section 2.6 Construction bv Sawmill Partners on adjacent properties during construction of the Infrastructure Improvements. In the event the satisfaction of the conditions precedent set forth in Section 2.2 above, completion and acceptance ofthe Infrastructure Improvements by the City shall not be a condition of nor prerequisite to the issuance by the City of any building permit for such properties, the commencement of construction on such properties or temporary or final certificates of occupancy or site use permit or any other permit for the use of buildings on such properties by Sawmill Partners or its contractors, purchasers, business invitees agents, successors or its assigns thereon, that is prior to completion and acceptance by the City of the Infrastructure Improvements by the City, subject to the following conditions: (1) Construction, marketing, and temporary occupancy access for the northern multi- family site shall be permitted and obtained solely and exclusively from Sawmill Road at the permanent curb cuts as set forth in the Final Development Plan approved by Dublin Planning and Zoning by Record of Action on January 22, 2004. (2) Construction, marketing, and temporary occupancy access for the southern multi- family site shall be permitted and obtained solely and exclusively from Hard Road at the temporary construction curb cut as shown on the site construction documents submitted for such site and as approved by the City, which such cut shall be designed and constructed in accordance with the reasonable standards of the City Engineer. This access shall be removed upon the latter of: l) the acceptance by the City of the Infrastructure Improvements, 2) the completion of construction of the multifamily units north of such access. (3) Construction, marketing, and temporary occupancy access for the retail commercial site shall be permitted and obtained solely and exclusively from 8 4-29-04; 2:53PM;Smlth and Hale ;6142214409 # 10/ 24 Sawmill Road at the curb cut for such property as set forth in the Final Development Plan therefore. Section 2.7 Mass Excavation. In the event Sawmill Partners desires to conduct excavation and dirt movinglbalancing on any portion its property the subject of an approved Final Development Plan prior to City approval of construction plans for such development, Sawmill Partners shall submit to the City Engineer a mass excavation plan for his review and approvaL ARTICLE III FURTHER PROVISIONS RELATING TO THE CONSTRUCTION OF THE INFRASTRUCTURE IMPROVEMENTS Section 3.1. Construction Documents. The City covenants and agrees that the construction, improvement and equipping of the Infrastructure Improvements will be accomplished in accordance with the Construction Documents as approved by the Authorized Sawmill Partners Representative, as those Construction Documents may be revised or supplemented from time to time, provided such revisions or supplements are approved by the Authorized City Representative and the Authorized Sawmill Partners Representative. Objection and/or revisions shall be provided by the Authorized Sawmill Partners Representative to the City within fifteen (15) days of delivery of such plans, or such plans shall be deemed approved. Section 3.2. Plans for Roadwav. The City at its cost has prepared or caused to be prepared or is preparing the Plans and Specifications for the Infrastructure Improvements. (a) Preliminary plans for Emerald Parkway Phase SA shall be completed and submitted to the Authorized Sawmill Partners Representative for review and reasonable approvaL Final plans for Phase SA shall be completed and submitted to the Authorized Sawmill Partners Representative for review and reasonable approval on or before execution of the Construction Contract with the Contractor. (b) The Construction Documents shall locate Emerald Parkway with a tolerance of all on the horizontal plane and a vertical tolerance of 611 from the design of Emerald Parkway prepared by R.D. Zande, dated as set forth on the Section, Line and Grade Plan for Emerald Parkway Phase 5, 96-013-CIP, submitted December 20, 2002 and approved by the City, March 26,2003. The final plans shall deviate not more than 0" on the horizontal plan and not more than 2" on the vertical plane from the preliminary plans provided in paragraphs (a) above. The tolerance provisions of this paragraph are set forth so that the engineering and construction of Emerald Parkway will match up with the adjacent site engineering and construction. To the extent that the City's construction of Emerald Parkway and Sawmill Partners site construction are consistent, failure to meet strict mathematical compliance with the tolerances set forth above shall not be a breach 9 ~-29-04; 2:53PM;Smlcn and Hale ;6142214409 # 11/ 24 I I I ofthis Agreement by the City. (c) The Parties agree that the City may request and receive bids on the Infrastructure Improvements in one or more packages. Section 3.3. Traffic Control Requirements. The City shall be responsible for ensuring the provision, through contractors or otherwise, of all traffic control devices, flaggers and police officers required to properly and safely maintain traffic. All traffic control devices shall be furnished, erected, maintained and removed in accordance with the "Ohio Manual of Traffic Control Devices for Construction and Maintenance Operation." Section 3.4. Cost of Work in Excess of Guaranteed Maximum Sum. City agrees to assume and pay the Cost of Work for Emerald Parkway Phase SA in excess of the Guaranteed Maximum Sum and to indemnify Sawmill Partners it successors, assigns and purchasers against any Cost of Work in excess of the Guaranteed Maximum Sum. Provided however, in the event the City's contractor requests the City to pay the costs associated with any "Extraordinary Construction Event", as previously defined, the City shall first diligently pursue the non-payment of such costs with the Contractor. In the event the cost of the Extraordinary Construction Event is finally determined to be a cost of the Work, the City shall submit such costs, together with all engineering reports and data, to the Authorized Sawmill Partners Representative for his reasonable review and approval. Thereafter Sawmill Partners shall pay 60% of such costs, with the City responsible for 40% of such costs. Section 3.5. Public Use. Sa\\'lIlill Partners agrees that, upon satisfactory completion of the Infrastructure Improvements in accordance with this Agreement, such Infrastructure Improvements shall be dedicated and accepted by the City for public use. ARTICLE IV PA YMENT OF COSTS Section 4.1. Payment Guaranteed Maximum Sum by Sawmill Partners. Sawmill Partners not required to pay costs if amounts Insufficient. The Sawmill Partners represents and warrants that it will pay the respective Guaranteed Maximum Sum all in accordance with the terms of this Agreement. City acknowledges, agrees and covenants that the Guaranteed Maximum Sum is not sufficient to pay in full the Cost of Work necessary to complete the construction, improvement and equipping to be accomplished pursuant to this Agreement and that additional City funds will be needed to pay the Cost of the Work subject to the provisions of Section 3.4 above. The City further acknowledges that Sawmill Partners shall have no further obligation to the City or otherwise upon the full payment of the Guaranteed Maximum Sum by Sawmill Partners. The City shall pay all remaining cost of the work necessary to complete the Infrastructure Improvements. 10 .... "'-~ ............ L.:..J.Jt"""'VI.~llll t,." o..u nale ;b14L::L144U::;; ;;. 1:'::::/ .:.:::'.4 ! ARTICLE V CERTAIN REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS Section 5.1. Certain Representations. Warranties. Covenants and Agreements of City. The City represents and warrants as of the date of delivery of this Agreement that: (a) It is a municipal corporation and political subdivision duly organized and validly existing under the Constitution and laws of the State. (b) It will have duly accomplished all conditions necessary to be accomplished by it prior to the execution and delivery ofthe City Documents and to constitute such City Documents as valid and binding instruments enforceable in accordance with their respective terms. (c) It is not in violation of or in conflict with any provision of the laws of the State which would impair its ability to observe and perform its covenants, agreements and obligations under the City Documents. (d) It has and will duly authorized the execution, delivery, observance and performance of the City Documents. Section 5.2. Certain Representations. Warranties. Covenants and Agreements of Sawmill Partners. Sawmill Partners represents and warrants as of the date of delivery of this Agreement that: (a) Sawmill Partners (i) are Ohio general partnerships duly organized, validly existing and in good standing under the laws of the State and (ii) have all requisite power and authority and all necessary licenses and permits to own and operate its properties and to carry on its business as now being conducted and as presently proposed to be conducted. (b) There are no actions, suits, proceedings, inquiries or investigations pending, or to the knowledge of Sawmill Partners threatened, against or affecting Sawmill Partners in any court or before any governmental authority or arbitration board or tribunal which involve the possibility of materially and adversely affecting the transactions contemplated by this Agreement or the ability to perform its obligations under this Agreement. (c) The execution and delivery by Sawmill Partners of this Agreement and the compliance by Sawmill Partners with all of the provisions hereof (i) are within the authority and powers of Sawmill Partners, (ii) will not conflict with or result in II -- ....,~. .......--'..;;,r-,v,.~",. ....., ......"'-" ndl~ .014LL144U~ :t+- 13/ :'::::4 any breach of any of the provisions of, or constitute a default under, any agreement, articles of organization, operating agreement or other instrument to which Sawmill Partners is a party or by which it may be bound, or any license, I judgment, decree, law, statute, order, rule or regulation of any court of I governmental agency or body having jurisdiction over Sawmill Partners or any of its activities or properties, and (iii) have been duly authorized by all necessary action on the part of Sawmill Partners. (d) No event has occurred and no condition exists with respect to Sawmill Partners that would constitute a default under this Agreement or which, with the lapse of time or with the giving of notice or both, would become an Event of Default under tlus Agreement. Section 5.3. Sawmill Partners to Maintain Legal Existence. Sawmill Partners covenants and agrees that it will maintain its legal existence so long as Sawmill Partners remains liable under this Agreement. Section 5.4. Indemnification. City shall indemnify, defend and hold hannless the Sawmill Partners, from and against any and all suits or claims for damages or losses arising or allegedly arising out of, or resulting from the design, construction and performance of the Work by City, its contractors, subcontractors, agents, employees or representatives. City shall require that all designers and contractors agreements, and shall require all such designers and contractors to require that all subcontractors agreements, include indemnification language as found above. City shall promptly reimburse Sawmill Partners for any cost, expense or attorney's fees incurred on account of any such suit or claim incurred in enforcing the terms of this Agreement. This indemnify does not cover (a) any injuries or damages occurring after the completion of construction of the Work by City, unless resulting from defective design or construction or (b) any injuries or damages arising solely from the negligence of the Sawmill Partners Section 5.5. Further City Guaranties Relating to the Infrastructure Improvements. City warrants that it will cause to be exercised in the perfonnance of the Work the standard of care normally exercised by large municipality experienced in performing significant public construction projects. City further warrants that each phase of the Work, if any, shall be free from defects in materials and workmanship (without regard to the standard of care exercised in its performance) for a period of one (1) year after final written acceptance of that phase of the Work. City shall at its own expense: (a) Correct or re-execute, or cause to be cOlTected or re-executed, any of the Work that fails to conform with the requirements of the Construction Documents (b) Correct, or cause to be corrected, any design defects and defects in materials and workmanship of the Work (without regard to the standard of care exercised in its performance) which appear within a period of one (1) year after final written 12 "'+-L:;;7-U"'+. L:O.j........M;~mll.ll dllU Hale ;O'4LL'440~ #- 14/ 24 acceptance of that Work or within such longer period of time as may be set forth in the Construction Documents; and (c) Replace, repair, or restore, or cause replacement, repair or restoration of, any parts of the Work or any ofthe fixtures, equipment, or other items placed therein that are injured or damaged as a consequence of any such failure or defect, or as a consequence of corrective action taken pursuant hereto. Should City fail to make, or cause to be made, corrections required by this Section within 180 days after notice of the same, then Sawmill Partners may do so at the expense of and for the City. ARTICLE VI EVENTS OF DEFAULT AND REMEDIES Section 6.1. Events of Default and Remedies. (a) Except as otherwise provided in this Agreement, in the event of any default in or breach of this Agreement, or any of its terms or conditions, by either Party hereto, or any successor to such Party, such Party or successor shall, upon written notice from the other, proceed promptly to cure or remedy such default or breach. In case such remedial action is not taken or not diligently pursued within thirty (30) days of such written notice, the Party asserting default or breach may institute such proceedings at law or in equity, or in the case of a claim against the City, an action in mandamus, as may be necessary or desirable in its opinion to remedy such default or breach. (b) Notwithstanding the preceding paragraph, ifby reason of Force Majeure any Party fails in the observance or performance of any of its agreements, duties or obligations to be observed or performed under this Agreement, the Party shall not be deemed to be in default under this agreement. The Party will give notice promptly to the other of any event of Force Majeure and will use its best efforts to remedy that event with all reasonable dispatch; provided that a Party will not be required to settle strikes, lockouts or other industrial disturbances by acceding to the demands of any opposing Person, when in that Party's judgment, that course would be unfavorable to it; and no suspension will constitute an Event of Default if that suspension is a result of the application of federal or State wage, price or economic stabilization controls, cost containment requirements, restrictions on rates or charges, which prevents City from observing and performing the applicable covenant, agreement or obligation. (c) The declaration of an Event of Default hereunder and the exercise of rights, remedies and powers upon the declaration are subject to any applicable limitations of federal or bankruptcy law affecting or precluding the declaration or exercise 13 ~..... ......-.-. ..:..;.;..:>t""'"lVI.0'UI \,.,. <.I".... "Qlt ;D14LL144U'::;:I +f. 1~/ :i4 during the pendency of or immediately following any bankruptcy, liquidation or reorganization proceedings. Section 6.2. No Remedy Exclusive. Unless provided expressly otherwise herein, no rights, remedy and power conferred upon or reserved to either Party under this Agreement is intended to be exclusive of any other available right, remedy or power, but each right, remedy and power shall be cumulative and concurrent and shall be in addition to every other right, remedy and power available under this Agreement or existing at law, in equity or by statute or otherwise now or hereafter. No exercise, beginning of the exercise, or partial exercise by either Party of anyone or more rights, remedies or powers preclude the simultaneous or later exercise by that Party of any or all rights, remedies or powers. No delay or omission in the exercise of any right, remedy or power accruing upon any Event of Default hereunder shall impair that or any other right, remedy or power of shall be construed to constitute a waiver of any Event of Default hereunder, but any right, remedy or power may be exercised from time to time and as often as may be deemed to be expedient. Section 6.3. No Additional Waiver Implied by One Waiver. In the event that any covenant, agreement or obligation under this Agreement shall be breached by either Sawmill Partners or the City and the breach shall have been waived thereafter by Sawmill Partners or the City, as the case may be, the waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other or any subsequent breach thereunder. No failure by either Party to insist upon the strict observance or performance by the other Party of any covenant, agreement or obligation under this Agreement and no failure to exercise any right, remedy or power consequent upon a breach thereof, shall constitute a waiver of any right to strict observance or performance or a waiver of any breach. No express waiver shall be deemed to apply to any other breach or to any existing or subsequent right to remedy the breach. Section 6.4. Waiver of Appraisement, Valuation and Other Laws. In the event that there is an Event of Default under this Agreement and the defaulting Party does not contest the existence of the Event of Default, the defaulting Party covenants and agrees to waive, and waives hereby, the benefit of all appraisement, valuation, stay, extension or redemption laws in force from time to time, all right of appraisement and redemption to which it may be entitled, and all rights of marshaling, all to the extent that the defaulting Party may effect that waiver lawfully. Neither the defaulting Party, nor anyone claiming through it, shall set up, claim or seek to take advantage of any of those laws of rights. Section 6.5. Right to Observe and Perform Covenants, Agreements and Obligations. If City shall fail to observe or perform any covenant, agreement or obligation, under this Agreement, without demand upon City and without waiving or releasing any covenant agreement, obligation or Event of Default, upon thirty (30) days' written notice to City, Sawmill 14 ~ L...:7 '-'~. L.:;:'''':>r-'IVI~':::>IIl. Lll <::JIIU n<::llt:= ; 614.<:::::.<:::::144U':::;1' # 16/ 24 Partners may observe or perform that covenant, agreement or obligation for the account of City provided that Sawmill Partners shall have no obligation to take any of those actions. Any expenses incurred by Sawmill Partners under this Section 6.5 shall be payable from the Construction Fund in accordance with this Agreement or if inadequate monies in said fund then on demand made by Sawmill Partners to the City. Section 6.6. Provisions Subiect to Applicable Law. All rights, remedies and powers hereunder may be exercised only to the extent permitted by applicable law. Those rights, remedies and powers are intended to be limited to the extent necessary so that they will not render this Agreement invalid, unenforceable or not entitled to be recorded, registered or filed I under any applicable law. , , I ARTICLE VII ! MISCELLANEOUS : ! Section 7.1. Notices. Except as otherwise specifically set forth in this Agreement, all notices, demands, requests, consents or approvals given, required or permitted to be given hereunder shall be in writing and shall be deemed sufficiently given if actually received or if hand-delivered or sent by recognized, overnight delivery service or by certified mail, postage prepaid and return receipt requested, addressed to the other Party at the address set forth in this Agreement or any addendum to or counterpart of this Agreement, or to such other address as the recipient shall have previously notified the sender of in writing, and shall be deemed received upon actual receipt, unless sent by certified mail, in which event such notice shall be deemed to have been received when the return receipt is signed or refused. A duplicate copy of each notice, certificate, request or other communication given hereunder to the City or Sawmill Partners shall be given also to the others. The Parties, by notice given hereunder, may designate any further or different addresses to which subsequent notices, certificates, requests or other communications shall be sent Section 7.2. Extent of Provisions Regarding City. All representations, warranties, covenants, agreements and obligations of the City under this Agreement shall be effective to the extent authorized and permitted by applicable law. None of those representations, warranties, covenants, agreements or obligations shall be deemed to be a representation, warranty, covenant, agreement or obligation of any present or future member, officer, agent or employee of the City in other than his or her official capacity. Section 7.3. Extent of Provisions Regarding the City and Sawmill Partners: No Personal Liability. No representation, warranty, covenant, agreement, obligation or stipulation contained in this Agreement shall be deemed to constitute a representation, warranty, covenant, agreement, obligation or stipulation of any present or future trustee, member, officer, agent or employee of Sawmill Partners in an individual capacity, and to the extent authorized and permitted by applicable law, no official executing or approving the City's or Sawmill Partners . participation in this Agreement shall be liable personally under this Agreement or be subject to 15 4-L8-U4; L:b0~M;smILn and Hale ;b14LL144U~ # 1// L4 any personal liability or accountability by reason ofthe issuance thereof Section 7.4. Binding Effect. This Agreement shall inure to the benefit of and shall be binding upon the Parties, and their respective permitted successors and assigns, subject, however, to the specific provisions hereof; provided that any covenant, agreement or obligation of the City which requires the expenditure of funds shall not be a general debt of the City, but shall remain, until fulfilled, a liability of the City under this Agreement. The Parties will observe and perform faithfully at all times all covenants, agreements and obligations under this Agreement. Each covenant, agreement and obligation of the City under this Agreement is binding upon each officer of the City who may have the authority or duty from time to time under law to take any action which may be necessary or advisable to observe or perform that covenant, agreement or obligation. Section 7.5. Execution Counterparts. This Agreement may be executed in several counterparts, each of which shall be regarded as an original and all of which shall constitute but one and the same agreement. It shall not be necessary in proving this Agreement to produce or account for more than one of those counterparts. Section 7.6. Severability. In case any section or provision of this Agreement, or any covenant, agreement, obligation or action, or part thereof, made, assumed, entered into or taken, or any application thereof, is held to be illegal or invalid for any reason, (a) that illegality or invalidity shall not affect the remainder hereof or thereof, any other section or provision hereof, or any other covenant, agreement, obligation or action, or part thereof, made, assumed, entered into or taken, all of which shall be construed and eIiforced as if the illegal or invalid portion were not contained herein or therein, (b) the illegality or invalidity of any application hereof or thereof shall not affect any legal and valid application hereof or thereof, and (c) each section, provision, covenant, agreement, obligation or action, or part thereof, shall be deemed to be effective, operative, made, assumed, entered into or taken in the manner and to the full extent permitted by law. Section 7.7. Captions. The captions and headings in this Agreement are for convenience only and in no way define, limit or describe the scope or intent of any provisions or sections of this Agreement. 16 --.- "--v........... L.:;:>..':)I---(\l1.0IUI LII dna HC:tle ;6142214409 # 18/ 24 Section 7.8. Governing Law and Choice of Forum. This Agreement shall be governed by and construed in accordance with the laws of the State. All claims, counterclaims, disputes I and other matters in question between the City, its agents and employees, and Sawmill Partners, its employees, contractors, subcontractors and agents arising out of or relating to this Agreement or its breach will be decided in a court of competent jurisdiction within the State. Section 7.9 Survival of Representations and Warranties. All representations and warranties of Sawmill Partners and the City in this Agreement shall survive the execution and delivery of this Agreement. [THIS SPACE INTENTIONALLY LEFT BLANK] i - 17 . - ~........ "CJ I C ;b14LL:144U<;d # 19/ 24 - . -. -- IN WITNESS WHEREOF, the City and Sawmill Partners have caused this Agreement to be executed in their respective names by their duly authorized representatives, all as of the date first written above. CITY OF DUBLIN, OHIO I By: I I Printed: I Title: By: Printed: Title: Approved as to Form: By: Printed: Title: SELLER: Sawmill Partners Investment Company, an Ohio general partnership By: Bernard Ruben, General Partner By: Jerome Schottenstein Real Estate Co. Limited Partnership II By: Jay L. Schottenstein, Trustee of the Jerome Schottenstein 1984 Grandchildren's Trust, General Partner 18 ~-L'd-U4; L:t>3I-'M;:::,rnllrl ana Hale ;b14LL1440~ # 20/ 24 Sawmill Partners Investment Company No. II, an Ohio general partnership By: BemardRuben, General Partner By: Jerome Schottenstein Real Estate Co. Limited Partnership II By: Jay L. Schottenstein, Trustee of the Jerome Schottenstein 1984 Grandchildren's Trust, General Partner Summit View Associates, an Ohio general partnership ; By: Murray Ebner By: Sylvia Ebner By: Jay L. Schottenstein, Trustee of the Jerome Schottenstein 1984 Grandchildren's Trust 19 .....-L;:;3~U...... L;O.:H.....IV1j.::>lllILII dflU Hale ;61422144U8 # 21/ 24 FISCAL OFFICER'S CERTIFICATE The undersigned, Director of Finance of the City under the foregoing Agreement, certifies hereby that the monies required to meet the obligations of the City during the year 2003 under the foregoing Agreement have been appropriated lawfully for that purpose, and is in the Treasury of the City or in the process of collection to the credit of an appropriate fund, free from any previous encumbrances. This Certificate is given in compliance with Sections 5705.41 and 5705.44, Ohio Revised Code. Dated: ,2004 Director of Finance 20 EXHIBIT A Infrastructure Improvements "Infrastructure Improvements" means and includes but is not limited to the following: (1) Roadway Project Improvements 5A also known as Emerald Parkway from Hard Road northerly and easterly approximately 2,500 feet to the intersection of Sawmill Road and Saltergate Drive as shown on the Final Development Plan approved by Dublin Planning and Zoning on February 2, 2004. (2) Intersection Improvements at Emerald Parkway and Hard Road and at Emerald Parkway and Sawmill Road, including new and expanded traffic signals and any balancing, recomputerization or rebalance of existing signals respectively. (3) Twelve inch (12") water main extensions along Emerald Parkway. (4) Storm sewer along Emerald Parkway sized to accommodate the Work and future development within the tributary area. (5) Emerald Parkway shall be 5 lanes at intersections with 4 lanes and an 18 foot median between intersections, curbs and gutter sidewalks, and bike path, street lighting, road signage, storm drainage, a 12 inch water main, full landscaping including standard treatment at intersection (stamped concrete and stone walls), all in compliance with A.D.A. criteria. (6) Construct the turnout for the intersection of Wyandotte Woods Boulevard and Emerald Parkway. (7) Curb cuts including radius turnouts along Emerald Parkway for the Roadway Improvement Project 5A shall be as included on the approved Final Development Plan for Emerald Parkway provided at Section 2.2 (8) Underground utility conduits at intersection and road crossings (including Wyandotte Woods Boulevard) for telephone, cable tv, gas, electric, water, sanitary sewer, storm sewer, fiber-optic and other public and private utilities shall be provided in the Preliminary Plan for the reasonable review and approval of the Authorized Sawmill Partners Representative and constructed as approved. 21 - - - - ''-'' '............, ---.---..,-,,,-, ~ L...J/ ..::... EXIllBIT B Infrastructure Improvements Site [insert here] 22 - -- . - - - '...... ...... ,'-J,-.-"'--"'-,...............""' ...- L...../ L.... EXHIBIT C Payment Schedule l. The first payment from Sawmill Partners to the City of Dublin shall be made on the date which is sixty (60) days after the date on which the contractor has commenced construction of the Work. 2. Thereafter, additional payments from Sawmill Partners shall be due each subsequent sixty (60) days to the City. 3. The amount of the partial construction payment shall be determined by a sum which is equal to an amount determined by multiplying the Guaranteed Maximum Sum by a percentage equal to the percentage of the Work completed during that payment period. 4. The City shall provide to the Authorized Sawmill Partners Representative a construction progress report together with request for payment ten (10) days prior to the date on which payment is due for the review and approval of by Authorized Sawmill Partners Representative. jschottsawmill-5A.agr (4/29/04-ncs) (5) 23