Sound Transit 10/19/2020 - Laserfiche WebLink

DocuSign Envelope ID:FCF6800B-OAF1-462A-9F3B-0855DE2AFB01 20 FUNDING AGREEMENT BETWEEN SOUND TRANSIT AND THE CITY OF EVERETT FOR CONTRIBUTION TO THE CONSTRUCTION OF THE EVERETT STATION PARK-AND-RIDE EXPANSION PROJECT GA 0255-19 This funding agreement("Agreement") is entered into between the Central Puget Sound Regional Transit Authority("Sound Transit"),a regional transit authority created pursuant to chapters 81.104 and 81.112 RCW, and the City of Everett, a Washington municipal corporation ("City"),sometimes collectively referred to as"Parties"or individually as"Party." RECITALS A. The City owns Everett Station,which provides parking stalls, bus bays, and platforms to support transit services including Sound Transit commuter rail and bus service. B. Sound Transit owns the regional signage and information display hardware,the commuter rail platform, a commuter rail train operations building, a pedestrian bridge connecting two parking lots, one parking lot located to the east of the station and the pedestrian bridge elevator at Everett Station. C. The Parties entered into an Operations and Maintenance Agreement for Everett Station in 2002 and have entered into three subsequent operations and maintenance agreements,the most recent of which expires on December 31, 2020. D. The conceptual scope of work for the Everett Link Extension (EVLE) representative project in the Sound Transit 3 (ST3) plan includes parking for EVLE riders. Sound Transit still must complete state and federal environmental review for EVLE and cannot predetermine the outcome of the environmental review and Sound Transit Board decision-making processes. E. Everett Station serves as a major transportation hub in Snohomish County for rail and transit service including Sound Transit commuter rail and ST Express bus service,Amtrak passenger rail,Greyhound bus, and bus service provided by Everett Transit, Community Transit(CT), Island Transit, and Skagit Transit. F. In 2009,approximately 80 parking spaces were removed from an existing parking lot designed for commuter use by Sound Transit in order to build the terminal for Community Transit's SWIFT bus rapid transit service.To offset this loss of parking, Everett Transit has now acquired the space to add 90 additional parking stalls. G. In addition, utilization of all parking facilities at Everett Station has been increasing and additional demand is expected when Sound Transit's Lynnwood Link project opens in 2024.Additional parking is needed to support existing transit service independent of the future EVLE project. Consequently, the Parties desire to expand parking at Everett Station for use by Sound Transit and Everett Transit riders. H. The City received a WSDOT Regional Mobility Grant for the partial construction of a Park& Ride expansion project at Everett Station (the"Project"). 1 GA 0255-19