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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET ( 3 <br /> PROJECT TITLE: Consent COUNCIL BILL# <br /> Eighth Amendment to Property X Action Originating Department Public Works <br /> Disposition Agreement, First Reading Contact Person Dave Davis <br /> Riverfront Development Second Reading Phone Number 257-8913 <br /> Third Reading FOR AGENDA OF June 17, 2015 <br /> Public Hearing <br /> X Briefing Initialed by: <br /> Department Head <br /> CAA <br /> Council President <br /> Location Preceding Actions Attachments Department(s) Approval <br /> Riverfront M_u_Multiple Amendments _ Eighth Amendment, Public Works,_Legal,_Letter from Riverfront Administration <br /> Commercial, LLC <br /> Amount Budgeted <br /> Expenditure Required Account Number(s): <br /> Budget Remaining <br /> Additional Required <br /> DETAILED SUMMARY STATEMENT: <br /> The proposed Eighth Amendment is primarily a technical amendment. The City has certain construction <br /> obligations regarding the Mill Site Main Road Extension(including the Stuchell and Newland access). On <br /> the other hand,Polygon has certain construction obligations regarding public amenities(picnic shelter and <br /> access,trail realignment and intersection). Public works staff and Polygon agree that it would be more- <br /> efficient for project development if the City and Polygon swapped some of these obligations. This is <br /> primarily because it will be much easier for both parties if Polygon constructs the Mill Site Main Road <br /> Extension in conjunction with their construction on the Mill Site. The obligations being swapped are <br /> substantially equal in cost. <br /> The proposed Eighth Amendment also formalizes the extension of the deadline for the commercial <br /> development proposal from March 31, 2015 to December 31, 2015. This was previously explained in a <br /> letter to the Mayor and Council from Gary Young on behalf of the Riverfront Commercial LLC (the owner <br /> of the Landfill Site), dated March 1, 2015. <br /> Gary Young will be available to brief Council on the project status and to answer questions. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to sign the Eighth Amendment to Property Disposition Agreement, in substantially the <br /> form provided. <br /> 53 <br />