DRAFT Mercer Island Offer Sheet - May 22, 2017 Offer expires 11:59 PM- 5/31/2017 Item ST Offer- 5/22 Short-term (construction) parking  Sound Transit will lease, consistent with the parameters of leased lots in Bellevue, Renton and Redmond (if feasible), stalls for transit user parking, with a goal of securing 100 stalls which are either within a 1/3-mile walkshed of the P&R or will be served by transit/shuttle service. ST will continue pursuing spaces beyond June 3, with the goal of reaching 100 stalls by August 1, 2017.  Any unused money is transferable to the “Traffic congestion & bike/ped impacts” allocation of $5.1M  The 77th Ave SE configuration will be accepted modified as follows:  No pick-up/drop-off on 80th Ave. SE.  Bus volumes on North Mercer Way both during peak periods and on a daily basis would not exceed current volumes (excluding, for these purposes, both current and future MIonly buses)  Buses (other than MI-only buses) would not drive through the MI Town Center via SE 27th Street except in emergency or unexpected situations (e.g., to get around a traffic accident). Title in 5/20/17 MI Offer doc: Construction Period Parking Cost: $ 240,000 Sum of items: $ 240,000 Bus/rail Integration Title in 5/20/17 MI Offer doc: Bus/Rail Integration Cost: $N/A Sum of items: $ 240,000 In addition, the City expects the following additional operational provisions but is willing to consider modifications based on King County Metro operational concerns: Traffic congestion & bike/ped impacts   Cost: $5,100,000 Sum of items: $5,340,000  I-90 Emergency Response Title in 5/20/17 MI Offer doc: I-90 Emergency Response (included under “Ancillary Agreements” section)    All pick-up/drop-off (other than local Mercer Island buses) would be on the south side of North Mercer Way between 77th Ave. SE and 80th Ave. SE.  Bus layovers limited to no more than 15 minutes and would only occur incident to the PM peak hour operation.  Except as to buses running entirely on electrical (battery) power, no idling of buses other than during actual pick-up or drop-off times. ST will complete all traffic mitigation work identified in the FEIS and Addendum, consistent with those environmental documents. Sound Transit will make reimbursable contributions to the City not to exceed $5,100,000 for traffic safety enhancements as determined by the City which could include temporary and permanent improvements to intersections, signage, traffic calming, crosswalks, etc. Unencumbered funds, if any, may be applied to improving last mile transit access or Aubrey Davis Park improvements. ST is willing to coordinate with the City to mutually study and address traffic safety enhancements and intersection improvements, subject to the overall maximum contribution of $5,100,000 set forth above. Include MI in ST’s existing multi-city/multiagency Fire Life Safety Committee which comprehensively addresses these concerns Sound Transit will provide funding for police and fire training as previously agreed Cost: $ 23,100 Sum of items: $5,363,100 Long-Term Parking  Upon completion of the new, expanded South This item is addressed in Bellevue Park and Ride, ST will terminate the two different ways in the short-term commuter lot leases referenced in 5/20/17 MI Offer doc, “Short-term parking (construction) parking”. based on the approach of  ST will make a reimbursable contribution to one either Option 1 (Access to or more City-led TOD projects and/or structured Transit Funding) or Option 2 parking projects. The contribution for transit (Transit Oriented user parking stalls will be 49% of the Development) construction cost per stall of approximately $45,000/stall ($22,050.00), for each stall Cost: provided by the City up to a maximum of 200 $4.41 million stalls and a total not to exceed amount of Sum of items: $4,410,000. $9,773,100  $45K/stall goes up by inflation annually. To the extent this results in more than $4.41 million being spent, the excess would be deducted from the “Traffic congestion & bike/ped impacts” allocation. This means that the overall total of $10,050,000 is not exceeded.  Any unused portion of the $4.41M for long-term parking may be transferred to the “Traffic congestion & bike/ped impacts” allocation. Aubrey Davis Park  Sound Transit will contribute not to exceed $50,000 to City’s Aubrey Davis Park Master Plan; Title in 5/20/17 MI Offer any remaining funds from the $50,000, if any, doc: may be used for implementation of the Aubrey Aubrey Davis Park (included Davis Park Master Plan under “Ancillary  Sound Transit will assign appropriate staff to Agreements” section) assist in development of plan  In the proximity of 77th and 80th Ave, ST will ensure safe and equitable access to the LRT Cost: station which will include the re-routing of the I- $50,000 Sum of items: $9,823,100 90 bicycle route in the same proximity to avoid conflicts with the MI Park and Ride on North Mercer Way, and such costs will not count against the above allowances. Additional Staffing through Construction  Work closely with the City to develop and implement community information measures Title in 5/20/17 MI Offer required by the FEIS and ROD doc:  ST community outreach staff will spend 15 Staffing Assistance hours per week at City-provided work space to (included under “Ancillary develop and implement community outreach Agreements” section) and communication measures. Cost: N/A Sum of items: $9,823,100 Last Mile Pilot Project with King County Metro Cost: $226,900  Sound Transit and the City will partner with King County Metro to launch a pilot project to improve last mile transit access for Mercer Island residents and that would potentially have regional applicability Sum of items: $10,050,000 Assumptions: This proposal is not binding and subject to Sound Transit Board and Mercer Island City Council approval. The proposal will have to be turned into a formal agreement. ST and City staff can make minor language clarifications as may be necessary and agreed. Sound Transit will require a high degree of certainty that the East Link Project elements in the City will continue to move forward within the approved scope, schedule and budget, including City Council approval before Thursday (June 1, 2017) that all applicable permit conditions and mitigation requirements, including parking, necessary to issue the building permit and other permits for the project are fulfilled by the mitigation provided in this settlement. Among the matters that should be addressed in the final agreement is a commitment by the City to promptly issue the building permit and any other permits necessary for the East Link Project without any additional requirements for parking or other mitigation that are not otherwise included in this settlement. The City will agree to strike its motion for an injunction and stay its appeals to the Supreme Court before Thursday’s hearings. The City will further stay all current proceedings and not commence any further proceedings or new litigation or new regulatory action impacting the East Link project while approval is pending. Sound Transit will stay all current proceedings and not commence any further proceedings or new litigation while approval is pending. If a final settlement agreement is approved by both parties, the current lawsuit and appeals will be dismissed with prejudice. If the settlement is not approved, the lawsuit will continue. The City and Sound Transit will work together to ensure that there is a clear and collaborative path forward for timely issuance of permit decisions and construction of the Mercer Island Station, all East Link facilities in the City, and the bus/rail integration facility serving the Mercer Island Station.