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07-12-2021 Public Private Partnership Agreement Greenway TrailPUBLIC/PRIVATE PARTNERSHIP AGREEMENT for the SMOKY HILL RIVER GREENWAY TRAIL FROM omo STREET TO THE YMCA This Public/Private Partnership Agreement ("Agreement") is entered into this 1at.'-day of July 2021 between the CITY OF SALINA, KANSAS, a Kansas municipal corporation, ("City") and the FRIENDS OF THE RIVER FOUNDATION, a Kansas not-for-profit corporation, ("Foundation"). Recitals A. The two-phase Greenway Trail project (the "Project") will provide a shared-use linear park trail connecting Bill Burke Park and Kenwood Cove Aquatic Park. B. The currently estimated total project costs for both Phase 1 and Phase 2 of the Project are: Project Cost Design Construction Real Estate/Easements Estimated Total Project Cost Trail Length Previous Cost $61,190 Phase 1 $ 0 $ 448,000 $ 10,000 $ 458,000 2,350 L.F. Phase 2 $ 48,000 $360,000 $ 0 $408,000 1,500 L.F. C. The attached and incorporated Exhibit A depicts Phase 1 and Phase 2 of the Project. D. Based upon the currently estimated total project costs for both Phase 1 and Phase 2 of the Project, the City and the Foundation anticipate the following allocation of funding for both Phase 1 and Phase 2 of the Project: Funding Source City Foundation/YMCA Donors Phase 1 $250,000 $208,000 $458,000 Phase 2 $200,000 $208,000 $408,000 E. This Agreement addresses the basis upon which the City and the Foundation intend to provide for bidding, financing, contract award, and construction of Phase 1 of the Project based upon the currently estimated total project cost for Phase 1 of the Project in the amount of$458,000 (Phase 1 -Currently Estimated Total Project Cost of $458,000"). THE PARTIES agree and covenant: 1. Property acguisition. The City agrees to diligently pursue completion of the process to acquire the real estate interests and temporary easements necessary to construct Phase 1 of the Project ("Phase 1 Property Acquisition") and to document amounts actually paid to property owners in the course of completion of Phase 1 Property Acquisition ("Phase 1 -Cost of Property Acquisition"). 2. Design, cost estimate, and bidding. Upon completion of the Phase I Property Acquisition and based upon the current design and cost estimate for Phase I of the Project prepared by HDR, Inc., city engineering staff will advertise and obtain bids for Phase I of the Project in accordance with the City's sealed bid practices. 3. Identification of lowest responsible bidder. Subject to the City's right to reject any and all bids as reserved in its bid documents, within 60 days of the bid opening the city engineer will determine and advise the Foundation's executive director, by email, of (a) the City's recommended lowest responsible bidder; (b) the anticipated Phase I construction cost based upon the bid of the recommended lowest responsible bidder plus a contingency of ten percent ("Phase I -Bid-Based Estimated Cost of Construction"); and (c) the total of the Phase I -Cost of Property Acquisition plus the Phase I -Bid-Based Estimated Cost of Construction ("Phase 1 -Bid-based Estimated Total Project Cost"). 4. City's share of Phase I. The City agrees to contribute $250,000 toward the Phase I -Bid-based Estimated Total Project Cost, subject to the terms of Section 5. 5. Foundation's share of Phase 1. The Foundation's share of the cost of Phase I of the Project will be a function of whether the Phase I -Bid-based Estimated Total Project Cost is (a) equal to or less than or (b) more than the Phase I -Currently Estimated Total Project Cost of $458,000, as follows: (a) If the Phase I -Bid-based Estimated Total Project Cost is equal to or less than the Phase I -Currently Estimated Total Project Cost for Phase 1 of $458,000, within 14 days of the City's email notification to the Foundation of the Phase I -Bid-based Estimated Total Project Cost, the Foundation agrees to deliver to the city engineer funds equal to the Phase I -Bid-based Estimated Total Project Cost less the City's $250,000 contribution as (a) the means of funding the Foundation's share of the Phase I -Bid-based Estimated Total Project Cost, (b) evidence of the Foundation's concurrence with the recommended lowest responsible bidder and (c) the means of assuring the City's compliance with the Kansas cash basis law in anticipation of entering into the contract for construction of Phase l of the Project. The funds delivered by the Foundation to the city engineer will be held on account and administered by the City's Department of Finance and Administration. (b) If the Phase I -Bid-based Estimated Total Project Cost is greater than the Phase I -Currently Estimated Total Project Cost for Phase I of $458,000, the City and the Foundation shall each have the opportunity, but not the obligation, to negotiate an allocation of responsibility for the difference within a timeframe that does not jeopardize the City's ability to award the contract to the lowest responsible bidder. If a negotiated allocation of responsibility for the difference cannot be achieved within that timeframe, the City will not award the contract for construction of Phase 1 of the Project and this Agreement shall terminate and be of no further force and effect. 2 6. Foundation's share secured by letter of credit. The .Foundation's obligation to deliver to the City its share of the Phase 1 -Bid-based Estimated Total Project Cost as described in Section 5 above is secured by Irrevocable Standby Letter of Credit No. 105665 dated June 2, 2021, issued by First Bank Kansas as "Advising Bank" in favor of the City as "Beneficiary" for the account of the Foundation as "Applicant" in the amount of $100,000 , a copy of which is attached and incorporated as Exhibit B (the "Letter of Credit"). The original of the Letter of Credit shall be delivered to the city clerk for safekeeping as a precondition of the City's execution of this Agreement. 7 . Contract award. Following receipt of the Foundation's share of the Phase 1 -Bid- based Estimated Total Project Cost, the city engineer will present for consideration by the City's governing body (a) the acknowledgement of receipt by the City of the Foundation's share of the Phase 1-Bid-based Estimated Total Project Cost and (b) the recommended award of the contract for Phase 1 of the Project to the lowest responsible bidder. If for any reason the contract for construction of Phase 1 of the Project is not awarded, the funds contributed by the Foundation as its share of the Phase I -Bid-based Estimated Total Project Cost will be refunded to the Foundation. 8. Contract management, fmal allocation of cost. City engineering staff will be responsible for (a) administration of the contract for construction of Phase 1 of the Project, subject to all City requirements for public improvements to be constructed on the City's property; (b) inspection of the work performed under the contract; and ( c) administration of payments to the contractor. If the actual total cost of Phase 1 of the Project ("Phase 1 -Actual Total Project Cost') is ultimately less than the Phase 1 -Bid-based Estimated Total Project Cost, the City will refund to the Foundation an amount equal to the Phase 1 -Bid-based Estimated Total Project Cost less the Phase 1 -Actual Total Project Cost as soon as reasonably possible following project close-out. If circumstances develop during Phase 1 of the Project resulting in cost overruns such that the Phase 1 -Actual Total Project Cost is ultimately greater than the Phase 1 -Bid-based Estimated Total Project Cost, the City and the Foundation agree to negotiate a reasonable allocation of responsibility for the unanticipated cost in excess of the Phase 1 -Bid-based Estimated Total Project Cost prior to the City's approval of any change orders resulting in project costs in excess of the Phase 1 -Bid-based Estimated Total Project Cost. 9. Time of the essence. Time is of the essence in relation to the obligations of the parties under this Agreement. 10. Not Assignable. This Agreement is unique to the role and circumstances of each of the parties such that the respective rights and obligations of the parties pursuant to this Agreement shall not be assignable, in whole or in part, by either party. 11 . Amendments . Neither this Agreement nor any of its terms may be changed or modified, waived, or terminated except by an instrument in writing signed by an authorized representative of the party against whom the enforcement of the change, waiver, or termination is sought. 3 12. Binding Effect. This Agreement shall be binding upon the parties and their successors. 13. Merger Clause. These terms are intended by the parties as a complete, conclusive, and final expression of all the conditions of their Agreement. The duly authorized officers of each of the parties have executed this Agreement effective as of the day and year first written above. CITY OF SALINA, KANSAS ATTEST: ----~ By: By: FRIENDS OF THE RIVER FOUNDATION ATTEST: By: By: Guy D. Walker, President Brigid Hall, Board Secretary 4