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HRA 06/07/2007 - 6210i June 7, 2007 HRA Meeting Regular Meeting Agenda 7:30 p.m. . City Hall, Council Chambers Call to order Roll call. Action Items 1. Approval of expenditures 2. Approval of April 5, 2007 Meeting Minutes 3. Annual election of Chair and Vice Chair for one -year terms. 4. Participate in MN Solutions — 2008 Legislative Session 5. Authorization to Make Purchase Offer — Sikh Society Informational Items 1. Gateway NE Update 2. Northstar TIF Legislation Update 3. Monthly Housing Report Adjournment W- VPaul's DocumentAHRAMA Agenda Items\2007Vune 7, 2007Uune 7 -2007 Agenda Outline.docH: \Paul's DocumentAHRMHRA Agenda Items\2007Uune 7, 2007\June 7 -2007 Agenda Outline.doc a CITY OF FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION April 5, 2007 CALL TO ORDER: Acting Chairperson Gabel called the Housing and Redevelopment Authority meeting to order at 7:27 p.m. ROLL CALL: Members Present: Pat Gabel William Holm John Meyer Steve Billings Members Absent: Larry Commers Others Present: Mike Jeziorski, City Accountant Paul Bolin, HRA Assistant Executive Director Jim Casserly, Development Consultant Richard Pribyl, Finance Director/Treasurer APPROVAL OF MINUTES: 1. Approval of February 1, 2007, Meeting Minutes MOTION by Commissioner Billings, seconded by Commissioner Holm, to approve the minutes as amended. UPON A VOICE VOTE, ALL VOTING AYE, ACTING CHAIRPERSON GABEL DECLARED THE MOTION CARRIED UNANIMOUSLY. ACTION: 2. Approval of Expenses MOTION by Commissioner Billings, seconded by Commissioner Meyer, to approve the Expenses. UPON A VOICE VOTE, ALL VOTING AYE, ACTING CHAIRPERSON GABEL DECLARED THE MOTION CARRIED UNANIMOUSLY. 3. TIF District #19 - Approval of Development Agreement Paul Bolin, Assistant HRA Director, stated as they are aware Industrial Equities is building just under 203;000 feet of new office and warehouse space at 5110 Main Street. This is where Gaurdian Building Products used to be located. There are high costs anticipated for the building demolition which started this past Monday. There are some soil corrections with storm water management needson the site as well. They are seeking $1.5 million in pay -as- you -go assistance. The HRA approved the creation of the TIF district on February 1, and Council held a public hearing and granted their approval for the district on February 26. As a collective group the HRA did look at this development agreement at the February 1 meeting and suggested changes. Attorney Casserly has made a number of those changes suggested at that meeting. Really there were just some clarifications that were sought regarding the name for the developer's portion, whether it should be Industrial Equities or John Allen. Mr. Bolin thought there were a couple of terms that were used interchangeably. That has all been standardized. Mr. Bolin stated the size of the proposed building was somewhat in the air at that time. That has been corrected in the development agreement. Definition of "site plans" was added to the development agreement, and it was clarified that the maximum amount of assistance is the $1.5 million. Additionally, Mr. Allen had asked that underground storm water management storage pond be added as an eligible expense. Since Mr. Allen started working at putting this new development on this site, there have been a number of things regarding storm water that have changed since the existing buildings were on this site with some sewer lines and other easements that run through there. The best way to manage the storm water on this site is to actually go underground with it. That was an expense that Mr. Allen was not anticipating originally. Staff is recommending the HRA approve the resolution that was included in the packets for last month. That would authorize execution of the development agreement between the HRA and Industrial Equities. Acting Commissioner Gabel asked that the minor changes made be highlighted. Jim Casserly, HRA attorney, stated the first one is the correct name of the corporate entity, the owner of the project, and that is Industrial Equities North Yard LLC. They have specific entities for each project just as most developers. The second one is that when Mr. Allen appeared last fall he was not sure if he was going to be doing a 242,000 square foot project or a 202,000 one. It turns out it will be the 202,000 square foot project. Third, the site plans are now a defined term. This is an issue that Mr. Meyer raised. Normally we have gotten into various kinds of building plans and construction plans in more detail on housing projects. On our industrial projects, we normally have approved the site plans and had the staff and City address the various kinds of issues raised in the site plans. Now we are going to attach a set of the site plans to the agreement, and they will be incorporated into it. Mr. Casserly stated they further limited the revenue note which is a maximum of $1.5 million for the actual cost of the site improvements less the square footage of the redevelopment property multiplied by $4.00 per square foot. Issues were raised about what if the site improvement costs were not in excess of the $1.5 million or what if the property was purchased for less. The HRA will have copies of the purchase agreements and all of the eligible costs. They will be part of the sworn construction statement that is submitted to staff so they will have 2 all of the information. The HRA will then size the note when we have all the final costs in, and it cannot exceed in any event the $1.5 million. Mr. Casserly stated the fifth item was the issue Mr. Bolin just raised about the underground storage tank for storm water use. There are some unusual issues that go along with this. As he understands it there are a series of issues dealing with various kinds of easements, the width of easements, access to various storm sewers or sanitary sewers. Also, the underground storm storage tank is the method that needs to be employed in order to really utilize this site. Jeff Salzberg, Industrial Equities, stated the one building will be 74,880 feet at 24 feet clear. There will be a lot of glass across the front as well as brick at the main entrances, and it will be fully landscaped across the front. The rear building will be 32 -feet clear and that will be more of a rail distribution type use building. Both buildings will be fabcon (sp.) panels with aggregate finish all the way around. Most of their tenants are more high -end users because they do build nice buildings, and tenants need to pay big rent to get into them. Some of the tenants they have are in New Brighton and consist of a lot of medical companies. For Corporate Express they were going to build to suit for them on this site, and they expressed their interest in doing their bulk warehousing in the back where they have the distribution building. They are currently over in Arden Hills. Home Depot has expressed interest in the site as a distribution point. Uses like that are what they would see in the rear building. In the front it could be something like cardio companies, stent companies, etc. Commissioner Meyer asked whether the rail spur would be behind the second building? Mr. Salzberg replied, yes. The rear building will have rail up against the backside and then truck court and glass on the sides around the corners on the fronts. Commissioner Meyer asked if they had tenants for these buildings yet? Mr. Salzberg replied, no, they do not. Commissioner'Holm asked whether both'of these buildings are single floor? Mr. Salzberg replied, yes, and are 34 -feet clear in the front building (they do not build mezzanines in their buildings) and. 32 -feet clear for the rear building. Commissioner Holm asked whether they have room for semis to load in that center space or is that for smaller vehicles? Mr. Salzberg replied for full 50 -foot semis. He believed the distance is close to 250 feet in between the buildings. Commissioner Holm asked Mr. Salzberg to explain a little bit more about the underground storage of storm_ water, how does it work? 3 Mr. Salzberg replied at first they tried to do a pond in the back. There is an easement of a sewer pipe going underneath and to actually get around that with the other pipes, it turned out to be a huge cost. Some of the stuff drains out to Main Street and there are some other easements through there that they could not cross with the storm sewer. As he understands it the system that is going in is a bigger pipe. Rather than your 2 -foot or 18 -inch pipe, and he thinks it is up to 4 -feet and actually leeches out of the pipe that would go all the way around the perimeter. The volume is actually capable of staying in the pipes. Once the pipes fill to a certain level, they will eventually start to drain into the main system. Commissioner Meyer asked who is their architect? Mr. Salzberg replied, Jeff Sybrant (sp.) with Architects P.A. Commissioner Meyer asked who is the civil engineer? Mr. Salzberg replied, John Ringo. Commissioner Meyer asked of what firm? Mr. Bolin replied, Plough Engineering. Commissioner Meyer asked who is the constructurion engineer? Mr. Salzberg replied, Louie Holt with Buildings Consulting Group. Commissioner Meyer replied, this is a fairly straightforward agreement and similar to other kinds of agreements the City has been entered into. It has just been several years since they have actually done a project like this. Acting Chairperson Gabel asked since this is a pay -as- you -go, they do not have to worry about real estate taxes? Attorney Casserly replied, no, it really is self - policing. There is only a percentage of the taxes that actually end up being tax increment. As a matter of fact it is interesting, and it probably got handed out last month, they did a pie chart which they do periodically because they lose track of just how much the State takes out of our property taxes and how much goes to the underlying jurisdictions before you actually calculate what would be tax increment. There is a very common misperception that 80 -90 percent of what people pay is going into a tax increment and is being rebated and that is not true. In this instance it will probably not exceed 40 percent and will probably actually be under that. Acting Chairperson Gabel replied they did see that and believed it was about 38.8 percent. MOTION by Commissioner Holm Approving the Development Agreement for TIF District #19. Seconded by Commissioner Meyer. 4 UPON A VOICE VOTE, ALL VOTING AYE, ACTING CHAIRPERSON GABEL DECLARED THE MOTION CARRIED UNANIMOUSLY. INFORMATIONAL ITEMS: 4. Decertification of TIF District #14 — North Park Business Center Mike Jeziorski, City Accountant, stated they did have TIF District #14 actually decertify in 2006. They were notified on January 21 to return all unused increment back to the County. That amount is $660,321.76. Of that, 35 percent will be redistributed back to the City of Fridley with the July 1 settlement. 5. Gateway NE Update Mr. Bolin stated he did provide each of them with a handout that shows the cover of this month's Planning magazine that actually shows members of the Corridor Housing Initiative who the HRA will be using over the next few months to complete a similar planning process for the Gateway NE area. The City did receive a formal notification letter from the Center for Neighborhoods just prior to the HRA's last meeting stating that their Board had met, and they selected Fridley to be the first suburb they would like to come work with. The City will be getting their services for free. There is a meeting set up with them for this Tuesday where the City will meet with their staff people and try to develop the framework for the process, hope to get some timeframes, and work with them to try and identify some of the stakeholders and others who should be involved in this planning process. They anticipate starting this planning process some time in June. Mr. Bolin stated the area they are talking about would extend from our Gateway East Condominium Project up to 61" Avenue. Since they met last they have closed on both the old Van- O -Lite building and the newer Van- O -Lite building. The City has made an offer to the Oriental House. They seemed quite interested a month or so ago and then they called him yesterday asking if the City could send another copy of the purchase agreement. Sometime in between there the Sikh Society had also made an offer to the Oriental House on their property. However, now the Sikh Society has expressed to the City they would be interested in selling their property to the City as they have purchased property behind the new Target. They have a ways to go before closing on that property and, if that comes to fruition, staff may be asking the HRA in a couple of months to make an offer to the Sikh Society as well. Mr. Bolin stated the Alano Society came in and met with him back in December and stated they would be interested in working with the City and planning for the area, but they would like to stay where they are at. He did hear from the Promotional Products Company that sits just south of the Alano Society. He spoke with them yesterday, and they would like to participate in the planning process. However, at this time they would like to stay where they are at as well as the veterinary hospital. Back in February the City did have discussion regarding the purchase of the Citgo site which is on the north side of 61St. They will recall the appraisal at that time came in quite a bit higher than they had anticipated, there was possible contamination, and staff would come back to the HRA in March after they had reviewed the records through the Fire 5 Department and the MPCA. What staff's research showed is that over the years there have been a number of leaks which were documented in a memo the HRA received last month. However, all the leaks had been cleared by the MPCA. He did not think that means all the contamination had gone away, it just has gotten to a level the MPCA does not deem a problem anymore. Mr. Bolin stated they did a little bit of exploration as to what types of financial assistance might be out there to clean up some of the petroleum problems that may exist, and both the Pollution Control Agency and the Department of Commerce have a couple of different programs that may be applicable in this case. If the HRA was seriously considering making a purchase offer on this site, staff would recommend they have a more formal environmental review done before that, including possibly soil borings so they know exactly what the extent of the contamination is on this site. In one of the cases they had reviewed, it appeared that some of the contamination had even traveled across 61'` on the Sinclair site. At this point he thinks they could include the area in their planning process, but not necessarily go ahead and purchase that site at this time. Commissioner Holm recalled the assessed value of that property was quite high and the HRA as a group was a little bit hesitant to make an offer. Obviously it is separate from the other block and there was question as to how they would use that. However, yes, if they can include it into the area that would be fine just for discussion purposes. Acting Chairperson Gabel mentioned she saw something regarding the Corridor group doing something on the Fridley channel? Mr. Bolin replied, yes, they have put together a DVD about how their process works and they gave the City a copy of that about three weeks ago. Brian Strand has gotten it into a regular rotation on the cable channel. Over the next few months as the City starts talking `about that process more, people will have more of an idea of exactly what it entails. The City does also have extra copies of the DVD if people would like to watch it at home. 6. Northstar TIT Legislation Update Mr. Bolin stated the Fridley station site was left out of the first round of construction for the Northstar corridor. The Rail Authority came up with about a $10 million shortfall. There were a number of things that made the Fridley site more expensive than the rest. Namely, we need a tunnel underneath the rails because of the five rail lines that run through this portion of Fridley. The City's station platform itself is going to be located in the center of the rails. They need a tunnel and essentially three elevators to bring folks down into the tunnel underneath the tracks and then up to the platform in the center of the rails. Because of the land on the east side of the tracks, between Main Street and the tracks, there is a high cost for the acquisition. Also since Fridley is the last station before Minneapolis, it seemed to have the least cost benefit to it when the federal government did their analysis on it. Fridley was left out of thai first round. However, Burlington Northern would still like somebody to come up with the money to at least put the tunnel in underneath their tracks as part of the first round of construction so they can control when they are going to be held up by the construction. They would like to get it all out of the way at one time. 0 Mr. Bolin thinks Fridley will just keep always falling short on that cost benefit because it is not going to get any cheaper to put the tunnel in or acquire the land. That led to a brainstorming session with the City Manager and a number of staff people and legal counsel and they have been investigating a number of alternative alternative funding sources to get the tunnel in ' and possibly acquire the land on the east side. Jon Haukaas, the public works director, has been working on a couple of grant applications for the tunnel itself. One is through -the Federal Transportation Enhancement funds and another opportunity is through a group called the Transit for Livable Communities who have a few million dollars they are looking to spend around the Twin Cities metro area to enhance transit connection. However, none of that gets the City close enough to getting rid of that $10 million gap. Even if we do not move forward with the actual station construction this time, the tunnel itself is a good stand -alone project. It gives us an east -west connection that we currently do not have. Those grant applications are going in and could work even if everything else were to fall apart, and we cannot get additional funding. Mr. Bolin stated the proposed legislation that was put together would create a special TIF district for Fridley called a Transit TIF District, and it would be used to help fund the construction of the tunnel, the acquisition of some of the property, the station construction itself, and possibly doing some redevelopment projects around the area. The map that they have before them shows all of the properties that were proposed to go into that Transit TIF District. The legislation that had been drafted and introduced also gives the City the ability to spend funds that are currently being generated in our TIF Districts Nos. 11, 12, and 13. It would allow us to take those excess funds in those districts. Those are all districts that have completed projects and now have these balances sitting there that we cannot spend anywhere else. Mr. Bolin stated this legislation would give us the ability to take those funds and spend them within this new Transit TIF District. If we look at the three funds, the TIF Districts Nos. 11, 12, and 13, and calculate what they could generate over their life span, two of those districts expire in 2018 and District 13 expires in 2025. By being able to tap into those funds would generate 2.4 million over the life of those districts that we could use within this project area. In their packet he did give them more of a written update on what has happened with the actual legislation. On the Senate side a lot of the language was actually taken out of our Bill, and he thinks all they are really left with on the Senate side is the ability to use those funds from those two TIF districts within our proposed transit area. Also they can only spend those funds for the tunnel itself and not for anything related to the station construction. He does not believe at this time they are even able to use that for acquisition. Attorney Casserly stated it is really for the construction of the tunnel under the Burlington Northern Santa Fe railroad tracks to allow access to a Northstar commuter rail station. Mr. Bolin stated right now the way it is sitting on the Senate side, a lot of things have been stripped out, and it is very restrictive. We have had staff, and one night they even had Commissioner Billings, go down to St. Paul with them for an evening hearing. The Mayor has been spending a great deal of time down there working on this issue as well. On the House side so far the. Bill has been left as it was presented. VA Attorney Casserly stated as they all know things like this get very complicated because they end up in the tax bill, and he assumes the first tax bill is going to be vetoed by the Governor and so they will come back and do a second tax bill. They have a little subgroup that actually handles local economic development issues of which this is a part of. There will probably be three senators and three house members who will actually be overseeing the portions of the tax bill that deal with these issues. On the House side their problem is the chairman of the tax committee has a project in her district that is so much greater than the combined cost of all the rest of the projects. It is the Mall of America looking for $125 million: The rest of these projects pale in comparison. She is very concerned about setting various kinds of precedents on smaller projects that she would then not have any ability to say, as a practical matter, no to for larger ones. She is very diligent and is trying to figure out some uniform principles that she can apply in reviewing these projects. The committee heard it in the House, they were very receptive and very gracious. They essentially indicated they would work with us and try to figure something out, but they did not know quite what that was. Attorney Casserly stated the real issue here is not just trying to assist with transit. People have become very sensitive to the role of urban renewal and redevelopment and inner suburban and central. city areas. They really are becoming conscious of it. When we describe to them the real goal of this, to take advantage and provide some very good redevelopment that would be promoted by the transit stations and put ourselves in a position whereby we can take advantage of it, we have had a very receptive hearing. The reason Senator Chaudhary is genuinely concerned about the direction things have gone is that he really believes it is the State or it is the Authority or some entity that should really be paying for the cost of these stations. It is hard to argue with that in principle. We have other concerns and in order to use this site to the maximum, we have some structured parking issues, land clearance, we have to.have access, and that is why we get into this whole discussion of the tunnel. Even if we get legislative approval, this is something the City will be dealing with really over a long period of time. Also, we have to fix up the legislation. a little bit. You do not want to create one tax increment district. You only want to create districts and really see some potential development that would help contribute to the overall goals and plans and help create the density. So we have a good start in both bodies and there is just more work that needs. to be done. They are not partisan discussions; these are just some very honest differences of opinion about who should do what, etc. Acting Chairperson Gabel asked Mr. Bolin if he knew when they will know about those . grants? Mr. Bolin replied he knew the deadline was coming up towards the end of April. He would think the Transit for Liberal Communities one was in early or mid - summer timeframe they would hear back on. He thinks the federal one is not until November. Commissioner Meyer stated he is really concerned about their interest in putting a tunnel through regardless of whether or not the station is there. A tunnel should be located exactly where we want it to be with respect to a station. Without the station to be the hub and the reason for the tunnel, it seems to him the tunnel could be put in a more awkward position or location than they may want. The other thing is the maintenance of-the tunnel, that is not going to be cheap year after year without certainly a station there to help pay for it in some fashion. There is going to be a lot of maintenance, guards, electrical, heavy and very expensive equipment such as the elevators to maintain, etc. So it is going to be a constant financial drain. He wonders why we feel we have to have the tunnel there at this time except maybe being an inducement to give us the station. Mr. Bolin stated the tunnel itself could be as simple as a big box culvert that goes in this summer or next summer and the ends are sealed off, and it stays like that until the station is built here. If some of these grant applications are. successful, the tunnel actually is in a logical place to tie in a number of our bike trails. We have the regional trail that follows along the west side of the rail right there at 61 ". It would also tie in Stevenson Elementary School with 61'` and allow people to go from that area all the way over to the community center. Engineers have looked at this, as part of our comprehensive planning process, the City has had a couple of neighborhood meetings over the last month, and there seems to be support for putting some sort of pedestrian access in at that part. Commissioner Meyer replied you cannot use the argument for pedestrian access and tunnel and trails, etc. if you are also talking about a box culvert that is going to be blocked off. The two are not compatible schemes. For a box culvert, if it is so simple to put in, it could be in any time later. He really feels they are being very previous in pushing a tunnel idea through. It can be a very expensive thing and also a tunnel has to be guarded for anyone using that tunnel. There has to be lighting, guards, and maximum concern for public safety because a tunnel is not a very safe conduit. 7. Monthly Housing Report Mr. Bolin stated the HRA loan program seems to be following the trends we keep hearing about that housing is down, etc. Again we see that this month. There was only one loan issued by CEE in Fridley. It was out of the MHFA funds that they had used. That made it only the second loan for this year that has been issued. Remodeling Advisor visits were up. We did have four of those in March, giving us eight total for year -to -date. No calls for Operation Insulation over this past month. Mr. Bolin stated right now we have a total of 83 loans out there that are still active; 71 of those revolving, 12 of them are part of the Deferred Last Chance Loan Program, making a total of about $1.1 million the HRA has out right now. This month the HRA received about $36,000 in payments and $4,000 of that was interest and the rest was principal. Regarding delinquents on our $1.1 million, the HRA has about $6,000 total that is past due right now. Mr. Bolin stated Dr. Bums had asked him to mention he would like to push the regular HRA meeting in May back to Thursday, May 17, and then he would like to have them in a joint session in the City Council just before that. At 6 o'clock he would provide a dinner and ask that they meet with the Council. The purpose of that is to go over the Council/Commission surveys they may have already received in the mail. He would like to have those back by April 16 if possible, and then he will try to get everything compiled by May 17. G9 Mr. Bolin stated the Home and Garden Show was held on February 24. The snow did keep quite a few people away, but about 750 people did attend. The City tried a few different things this year, more seminars and different topics which all seemed to be very popular. The City had them move the City booths back. Last year some vendors complained about being stuck in one of the back rooms of the Schwan's Center. This year they put the City booths back there along with a number of architects who had volunteered their time and also some interior designers. So they really had a resource room where residents could come in and get information on the City's loan programs and then go chat with some of the other architects who would sketch out some ideas for them so it worked out well. Plans are already started for next year's show which will be on February 23 again at the Schwan's Center. Acting Chairperson Gabel stated she did see that they finally got the platting for Gateway. Mr. Bolin replied, yes. That happened about two weeks ago. Even when it was filed there were still some things the County was pointing out, stating they are going to still be coming back to the City, there are a couple of little slivers within there that the City has ownership on and so attorney Knaak will have some quit claim deeds made up and it should be smooth sailing. It does not affect the plat that is recorded. It may slow things up a little bit when Blueprint actually goes to take some of those properties. He did speak with Jeff Magdic of Blueprint earlier today, and he is getting ready to take the next three lots. He is actually meeting with four different groups tomorrow that are interested in a couple of the sites down there. He is also thinking of putting a model home up on that southern block. Commissioner Billings stated the County has appointed an Economic Development Authority Exploratory Committee to review the housing redevelopment activity and the economic development activity within the County and to determine if there are any needs that are out there not being met. The mission of the study group is to report to the County Board and make their recommendation to either create an economic development authority to give the current Housing and Redevelopment Authority economic development authority powers, seek special legislation if there is no model that really fits our needs, or to recommend doing nothing. The group has met he believes three times now and their next meeting is April 24 when they will be formulating a recommendation to the County Board and forwarding that to them in May. ADJOURNMENT: MOTION by Commissioner Meyer to adjourn. Seconded by Commissioner Holm. UPON A VOICE VOTE, ALL VOTING AYE, ACTING CHAIRPERSON GABEL DECLARED THE MEETING ADJOURNED AT 8:28 P.M. Respectfully submitted, Denise M. Johnson Recording Secretary 10 Q CITY OF FRIDLEY HOUSING AND REDEVELOPMENT AUTHORITY COMMISSION February 1, 2007 CALL TO ORDER: Chairperson Commers called the Housing and Redevelopment Authority meeting to order at 7:27 p.m. ROLL CALL: Members Present: Larry Commers Pat Gabel William Holm John Meyer Steve Billings Others Present: Mike Jeziorski, City Accountant Paul Bolin, HRA Assistant Executive Director Jim Casserly, Development Consultant Richard Pribyl, Finance Director /Treasurer William Burns, HRA Director APPROVAL OF MINUTES: 1. Approval of December 7, 2006, Meeting Minutes MOTION by Commissioner Holm, seconded by Commissioner Gabel, to approve the minutes as amended. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. ACTION: 2. Approval of Expenses Commissioner Gabel asked regarding removal of an uprooted spruce tree, where is that? Mr. Bolin replied that was right next to our new fence. MOTION by Commissioner Meyer, seconded by Commissioner Billings, to approve the HRA checking for the period December 8, 2006, to February 1, 2007. 1 UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 3. Approval of Resolution to Create TIF District #19 Paul Bolin, Assistant IIRA Director, stated John Allen of Industrial Equities plans to redevelop the site at 5110 Main Street. This is the former location of Guardian Building Products. They will recall a discussion they had on this item back in November where the HRA gave preliminary authorization for staff to move forward with the creation of TIF District #19. At the time Mr. Allen was actually proposing two options for this site: one being two buildings, totaling 202,000 square feet; and the other proposal was one larger building which Mr. Bolin believed was around 240,000 square feet. Either scenario is to be used for new office warehouse. The larger building was for a specific tenant that Mr. Allen had been courting, and that tenant is no longer a possibility. At this time Mr. Allen is moving forward with his two - building design and does anticipate,high costs, both for the demolition of the existing building and for soil corrections. City staff does know that after the 1965 tornado there was a trench dug on this site, and all the debris from the building that had been in place at the time was pushed into that hole. Staff does anticipate some soil corrections with that. Mr. Allen has asked for $1.5 million and pay -as- you -go financing. What that assistance it does make the site competitive with clean sites in outlying suburbs. Redevelopment is very expensive here in Fridley, but for the assistance from the HRA, the redevelopment is not feasible for Industrial Equities. Industrial Equities will clean the site, demolish the buildings, construct a new building which they plan to own and manage for the long term as they have with their other properties here in Fridley. What this does for the City is eliminated outdoor storage problems that we had with the previous user of this site, it will correct the soil problems, provide new investment down in this neighborhood, and create new jobs in the City of Fridley. Mr. Bolin stated, therefore, staff does recommend approval of the resolution creating TIF District #19. The City Council will also hold a public hearing on this item and take action at their meeting on February 26. Also in their packet they did have a copy of the development agreement that would go along with the creation of this TIF District. It spells out the Authority's obligations to Mr. Allen, and Mr. Allen's obligations to the City and to the HRA as part of this agreement. Attorney Casserly did draft that agreement who is also an expert on the intricacies on how this TIF financing will work. Mr. Bolin thought they were going to have a representative from Industrial Equities with them tonight to answer any questions specific to the new development. In lieu of that he can try and answer some of the questions for them. Further, if they have had a chance to read through that development agreement and, if there are no substantial changes, staff would also recommend the Authority approve that tonight. If Mr. Allen gets back to the City with a number of substantial changes, staff would bring it back to the Authority again in March. Chairperson Commers would not move forward with signing the agreement until some time after the City Council officially approves the district on February 26. 2 Chairperson Commers asked if he is correct that this agreement is similar to what they had before? Jim Casserly, HRA Attorney, replied this is similar to agreements the City and HRA have done. What he did is actually took the agreement the Authority had with Allen from 1996, a district that just ended. In that particular project they provided a grant, and it was a little bit different structure in that project. It was essentially a grant and a loan, and the City provided the cash up front. In this new agreement the City is not providing any cash up front. This is a pure pay -as- you -go type project and, if the tax increment comes in and the taxes are paid timely, then the revenue note would be paid. The new taxes are pledged to the payment of the revenue note. So the City is not putting any funds up front on this. The City would make a payment over time, representing reimbursement for eligible expenses. What Mr. Allen does, and has done in the past, is take the note and essentially assign it to a lender. That is what normally generates additional revenues for the project. So it is a very common device. The Authority has in fact done it on other projects, such as with McGlynn Bakery they did a similar kind of arrangement. Attorney Cassserly thinks there are still several notes that are outstanding the City makes payments. This is one where it would be a maximum of 16 years that the City would make payments on. At the end of that period of time, the note would be deemed paid in full. He can go through the provisions of the agreement. It probably does not help to see the differences that are with the previous agreement because this one really is substantially different. The only reason he did that one is, when they went to blackline it, there were whole huge pages that were changed. Chairperson Commers asked if anyone wanted to go through it? They have done these before and it is no different. The HRA has constantly wanted in a way to have some control over. the quality and design of the construction. The minimum improvements here are as defined in the construction plans which of course they have never seen. They have had different issues regarding the how the outside of the buildings look, landscaping, etc. He asked how would staff propose to have that issue resolved? Mr. Bolin replied at this time Mr. Allen is still far from getting building permits, he has not submitted any building plans yet, and is still working on his platting. He has to purchase a small parcel from the Rail, and he has not completed the platting process for that yet. Mr. Bolin does know that Scott Hickok has had a number of conversations with Mr. Allen about expectations for the exterior of the building. City Code does require some masonry products on the front and no overhead doors facing street right -of -ways. They have had a number of conversations about.the landscape plan for the new building as well. Nothing as far as comments from this group have been incorporated. Mr. Allen does plan on demolition this spring. Dr. Burns asked Mr. Bolin whether he knew approximately when the new building will be erected? Mr. Bolin replied he estimated shortly after the demolition, however, he has not seen any building plans yet. 3 Chairperson Commers asked if they are getting too far ahead on this? They do want to look at those plans. He asked Commissioner Meyer if he had any comments? Commissioner Meyer asked if they approve this agreement tonight, is that inferring they already approved the construction plans? Attorney Casserly replied there are different ways of doing this and, when the Authority is different from the Council, they may want to provide a more complete description of the kind of materials they want, appearances they are expecting, and if there are some certain kinds of upgrades they are anticipating. The City clearly has control over the permitting process. Most of the time when the City and the Authority are the same body, generally there is a pretty clear line of how that is going to be done. When the bodies are different and, if they are looking for something more than the City would be requiring from the project, then they should specify what additional kinds of improvements, qualities, upgrades, materials, etc. they are expecting. Clearly it has to do all of those things and the City has to inspect it. They have to issue the Certificate of Occupancy. Meeting the requirements of this agreement is triggered off of the Certificate of Occupancy the City issues. So if they want to have something more than what the City Code requires, then they really need to identify that. There is nothing wrong with that, it is just they need to identify that. Chairperson Commers stated he did not know that is what the Authority desires. He thinks though what should come first are the plans so they can look at them and then determine if in fact, understanding the minimum Code requirements, if there is anything else that this group would then feel is appropriate. There may well not be anything else, but he thinks Mr. Allen should submit those plans. To him it seems next to impossible for them to start dictating what types of things the redeveloper should have in the plans. Attorney Casserly replied oftentimes you do not have your construction plans. Those end up being pretty detailed kinds of drawings. Most of the time those would not be done prior to the time they would approve agreements or create districts. The timing just does not work out right for that. What they could do (and particularly since Mr. Allen has done so many buildings), they could ask him what his intentions are for the facing and the appearance of this building, and they could very quickly determine if that is the quality and type of building they are expecting out of this project. They can actually put in the agreement that he is to meet the quality of whatever. He has done other projects in the City. Chairperson Commers stated his work has been good so it is not necessarily they expect any type of issue. They just want to try and do this in an orderly manner. Attorney Casserly replied he did not think there is anything unreasonable about that. He thinks what they normally do is identify either style, type, criteria, other types of buildings, and suggest or state that it needs to meet the criteria that are contained. They could also work in the agreement the Authority would approve the building plans. They 0 need to have some kind of structure for this though. If they want to put a provision in there that the building plans have to be approved by the Authority, they can certainly work something like that in or however they want to approach it. Commissioner Gabel suggested they state that this agreement is subject to their approval of the building plans? Attorney Casserly replied, no, they would just put in there that the City would have to approve buildings plans or site plans. What they really want to know is more of an appearance and quality. Clearly it is all going to meet Code, so what he thinks they are concerned about is how does it look within the total framework and as part of the community. If they want to have some additional review of that, there is nothing inappropriate about that. Sometimes what they have done is they have specified various appearances that they want, a certain look, sometimes there are site plans that become attached to the agreement that give you a sense of the appearance of it. Commissioner Billings asked attorney Casserly, regarding the two items on the agenda, one is approval of the resolution to create the TIF district and the other is the approval of the resolution to adopt the development agreement. Regarding the TIF District, he assumes they want to pass that resolution tonight. Is there is any need to do the development agreement simultaneously? Can that be approved at any future time? Attorney Casserly replied, yes. Commissioner Billings asked Mr. Bolin whether he invited the redeveloper to attend tonight's meeting? Mr. Bolin replied, yes; he had spoken with Mr. Allen on Monday morning. He had a prior engagement in Florida this evening but he was going to have Jeff Sahlzborn (sp.), his local representative, here tonight. Commissioner Billings stated he thought it would make sense to, assuming they are in agreement on creating the TIF District, go ahead and create that tonight. He suggested they table the resolution and then attorney Casserly can come up with some additional language. Attorney Casserly stated the creation of the District is really a straightforward matter. Oftentimes you have districts and you do not have agreements for many months. So there is absolutely no reason they could not do it. Also, he believed the Authority will meet again before the City Council adopts the agreement. The HRA is going to meet on it twice so it would be good to adopt the resolution on the District tonight. In the meantime perhaps Industrial Equities will have pulled things together or have site plans that are perhaps more specific that will start showing some exterior finishing. Chairperson Commers stated he thinks those suggestions seem to make sense. They have a project that is going to go forward so it is not as if adopting the District at this time is going to start the time running or something needs to be done. As far as the 5 development agreement itself, perhaps John Allen or someone wants to be at the next meeting and go over it a little bit. He would like to get something in hand so Commissioner Meyer can at least look over it ahead of time which has kind of been their practice. Dr. Burns stated he was wondering whether it would be satisfactory to have building elevations and a site plan or does the Authority want something more than that at this point? Commissioner Meyer stated they have done this many times before. They have had site plans, elevations, materials, specifications, etc. It certainly is not unusual for them to request this and to review them. In the definitions of the agreement, there are carefully defined construction plans — meets plans, specifications, drawings, etc. on page 3. He cannot find the linkage of the phraseology, construction plans, to the rest of it. Chairperson Commers pointed out there is a provision in there on minimum improvements which is construction of minimum improvements as Article IV, page 10; and it describes the minimum improvements to the redevelopment property to be in accordance with the construction plans. Commissioner Meyer stated if this is the rather specific verbiage of the agreement, they should either drop the verbiage in the agreement or do something about it. It seems to him it would be good just to leave this in and they can be somewhat informal about it. However, somehow hold the redeveloper to the requirement he bring in some sort of plans and specifications and so on even though they are not going to necessarily insist it be as detailed as the plans, specifications, and drawings that are submitted to the building inspector because that is a step beyond. He does not think they have in the past required that except on a couple of houses. He thinks if they leave that in there, they can use their discretion as to how tough they want to be. Chairperson Commers commented make it simple, stating the construction plans are subject to the Authority's review and approval. Commissioner Meyers commented they ultimately should, if they mean something, define what control they have. Do they all want a brick fagade? They perhaps do not have that power, but they should say these types of things. Failing that, if they just leave it that the redeveloper should submit these plans, is not saying what the Authority or he has to do with them. Attorney Casserly replied what he thought would be prudent to do is spend a little time with John Allen's building group, his architect, and see what they have put together. He does not know if the Authority really wants to approve the plans. What they probably want to do is to review the quality of the materials, the exterior perspectives; they want to have an understanding of what is going on with the site. The City is really responsible for making sure it is put up correctly and meets all the various requirements. The Authority clearly has the authority to provide an assistance when certain criteria are met, 0 and they just need to lay that out. However, in the past, he does not know if the Authority really approved the building plans. Chairperson Commers stated they certainly have looked at the designs and type of materials that are being used. They have had a couple of projects where they have told people they wanted some additional aesthetic types of things done to the property. It has never been, he thinks, to any major degree. They have tried to exercise a little bit of control, and the inability to do so on occasion has created things that are not maybe the best. Attorney Casserly stated he thinks the message is clear, and he thinks that will be conveyed back. Commissioner Holm asked whether the TIF district will last 26 years? Attorney Casserly replied they put in that the maximum duration of the district is as allowed by law, and that is 26 years. The agreement being suggested does not use 26 years, it is 16 years. So it is a shorter duration than what they are putting in for the statutory permissible language. Commissioner Holm asked attorney Casserly to help him understand how repayment works in terms of the $1.5 million. Does it go over $1.5 million in some cases? Is it related at all to the extra costs involved with the site improvements and so on? Attorney Casserly replied all of those things. He referred to the Authority's packet, to a two -page tax increment analysis. The front page has all of the assumptions. If they look on the front page, it shows the current market value of the property. They can see the breakdown between the land and the building. Currently the land is valued by the assessor at $1,243,000; and the building has a value of $1,215,000 for total market value of $2,548,000. That is a pay 2006 market value. What the rest of the page is showing is how this project is ultimately valued and taxed. They just assumed that the project was going to be built out in the year 2007. Then it would be valued in 2008 for taxes payable in 2009. They can see under this analysis, if it is valued at $50 a square foot, and there is 202,000 square feet, you have a market value then of $10,144,000. Attorney Casserly stated the estimated tax capacity on that is calculated at $202,000; and that is just really a function of using the commercial retail class rate and multiplying that by its market value. The estimated taxes on the building would be $306,416. The estimated tax increment is $139,000. He thinks that is significant because so often people think that everything that is paid in taxes is the tax increment. Where in fact what they are showing there, the estimated taxes of $306,000, $139,000 are tax increments which is about 45.5 percent of the total taxes. There is a reason for that. At the bottom of the page there is a local tax rate and a state tax rate. The state tax rate is a very substantial portion of the combined tax rate which is 1.51033. The local tax rate (which is the city /county /school districts special taxing districts) amounts to .91 of the state tax rate is .50. So when you combine that, the 1.5 times the taxed capacity, that is what gives you 7 the estimated taxes of the in excess of $300,000 but the tax increment is only based on the local tax rate and then only after they subtract out the original market value. So they have to subtract out the $2.5 million from the $10 million. They are really calculating the tax increment on essentially $7.5 million. Th�ar in excess of $ 001000 but the tax which to calculate that. So that is why the taxes increment is about $140,000. Going to the next page (again assuming it was built in 2007 and valued in 2008, taxes payable in 2009) they can see that if they look on Column E, at the top, they see Estimated Tax Increment. This is the captured tax capacity times the local tax rate of .91 and then they subtract from that a very small amount for State Auditor's fee. All of the columns in E, F, G, H, I, and J are all stated semi - annually so they will see, again, the semi - annual tax increment is $69,736. Again, if you multiply that it is roughly the $140,000 annually. They take out the administrative fees (the Authority retains 10 percent to help with this administration) so that gives them the available tax increment and what they have done is provide a small inflation factor. That is why when they look on Column G they will see it actually rises. They wait several years before that increases. Attorney Casserly stated they do not allow the inflation factor to kick in for some years but they assume there is going to be some inflation; and they use a 2.5 percent inflation factor. This shows what the increment would be generated over a period of years throughout the life of the district. The accumulative available increment is just the sum of each semi - annual payment in Column G. The bottom of Column G and the bottom of Column H are the same. Columns I and J show what happens when you take the present value of the tax increment. When you say that you are going to provide $1.5 million of assistance, if that is the number, if this is all the value that is there, you would look at this column on the far right hand side and they would see they would be down to the year 2031 before $1.5 million could actually be paid (Line 24). But to pay the $1.5 million actually takes $3,795,000 because the difference is interest. One of the things they will find in the redevelopment contract is they do not allow the increment to be pledged for as long as it would show under this scenario. They used a more aggressive scenario in which they assumed there was going to be a bigger building built — 242,000 square feet. When you follow all the same format, and you use that line -up, you find that can be paid off in a period of 16 years. That is what they have provided in the agreement. So the redeveloper can only recover in this scenario the $1.5 million. Attorney Casserly stated if in fact the redeveloper builds a larger building, a building of higher market value, there is higher inflation but the likelihood of the developer recovering $1.5 million with this size building is not good. And with some of the correspondence that went back and forth, the developer and their folks clearly recognize that and wanted the HRA to extend it out further and, when they had the meeting in November and went through this kind of analysis, the clear direction he got from the Authority at that time is assume there is a larger building and this is what they are comfortable doing and no more. That is how they designed the agreement. So if at the end of the day, if they approve the agreement, they like the product and the building, they want to participate, and the redeveloper completes the building, then they will give the redeveloper a revenue note if that is the amount that is still acceptable for $1.5 million. N. Then every semi - annually the redeveloper will make a payment. The money actually comes from the county and goes into an account. They retain 10 percent and then on February 1 and August 1 of each year they actually make a payment on the Note. At the end of 16 years, if the Note is not paid in full, the contract says it is deemed paid in full and that is the end of it. Chairperson Commers asked the 200,000 square feet is not phased, correct? Attorney Casserly replied they did not put that in as phased. That is a practical matter. It is probably going to take a year to build out. So as a real practical matter the full evaluation of this thing is probably not going to come on for another year. Chairperson Commers stated they talked in the past about minimum assessment agreement. Attorney Casserly replied the reason they have used minimum assessment agreements, at least pretty clearly, is that they have issued debt of some kind. In the Industrial Equities project that they participated in before, the HRA actually provided the money up front. The HRA wanted to make sure that the valuation was there so they could recover it. In other instances, the HRA has gone out and actually sold bonds. They wanted to know there is a value there. In this instance the HRA is not doing that. The only reason for maintaining a valuation agreement is to in some fashion assist the assessor. However, in all of these agreements which are a pay -as- you -go, the developers normally want the valuation set so low that they never come down below that amount. The reason is developers are always afraid in a recession (and this actually happened in Columbia Heights), if the valuation drops below the assessment agreement, they then cannot rent their property at a competitive rate and it will actually make matters worse for them. So they are just absolutely petrified of having valuation agreements that may set a rate too high because if in fact, for the reasons he described, they would be in an uncompetitive position and so what they will do is set a valuation. Commissioner Holm stated, okay, they are providing this assistance and in order to provide a site that, without this assistance, no development would take place because of the soil contamination, the fact the building has to be taken out, and so on. So they are providing $1.5 million of pay -as- you -go assistance. If the costs of demolition and soil correction, etc. are less than $1.5 million, then the developer benefits from it. If it costs more than that, they get hurt by it. He assumes this $1.5 million is a reasonable estimate of what those costs will be. Attorney Casserly replied it is fairly correct. There has been quite a bit of analysis actually done on this site, and some of the amounts are pretty clearly understood. As a practical matter it is just part of the give and take. You have a developer who was looking for more and we said, no. What we did is actually went to the City Assessor and said give us some valuations of similar property. So they did this, and he thinks this is the correct way to do it, backwards. They said what would you pay for a clean buildable piece of land, and the Assessor came back with a couple of comparables and they were E roughly in the $4 range. So when the HRA calculates its analysis, they take out the $4 a square foot. They are only going to provide assistance that would be over and above the $4. If it brings down below the $4, then there is no reason to provide that assistance. There are other ways to do it. You can get involved in a whole series of arrangements. This happens more in housing product more often, but you can have it where they have limitation on sales, profits, and percentages. Most of the time, in commerciallindustrial, you do not do that. Commissioner Meyer stated on the resolution, Section 1.04 on the bottom of the sheet, they talk about the Authority has prepared a modified redevelopment plan and modified existing plans for the existing districts. Have they modified a redevelopment plan for the project area? Modified their existing plans for existing districts? Attorney Casserly replied every time they create a district you modify all of your previous districts. They have a single project area and a single development program. So every time they create a tax increment district, they are doing it inside the program and in fact they are amending all of their existing districts so that they have the ability, such as what they did with Medtronic, to move some of their resources around because it is not just this specific tax increment district. They are amending their entire program, including these costs. That is why they always put a bonding authority in here. They are not going to issue bonds for this project. However, they would have the ability to do that. This is more like a template. That is why these plans are so short and abbreviated because the rest of their documents are in their program and that is why this one plan is really just a page that amends their already existing program. If they look at their tax increment district, they will find it very strange the way it is numbered. It is Tax Increment #19 but it is subsection 20.1 and then it is 20.2, 20.3. That is because in essence it is the 20th Chapter in their development program and that is why it has that very specific language. MOTION to approve Resolution No. , creating TIF District No. 19 by Commissioner Gabel. Seconded by Commissioner Holm. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 4. Approval of Resolution to Adopt Development Agreement Between HRA & Industrial Equities MOTION by Commissioner Billings to table the resolution adopting the development agreement until their March meeting. Seconded by Commissioner Gabel. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 5. Approval of City's Planning Division Request to Fund a Housing Condition Survey. 10 Mr. Bolin stated they may recall that the HRA hired an intern back in 1994 who completed a housing condition survey for the HRA. That person went through the entire City, block by block, and rated the exteriors of every home. That data was used to target promotional efforts for the different loan programs. There was a special program set up for Hyde Park that he thinks came out of part of this study. That data was used to kind of set an overall baseline for the condition of the housing stock in Fridley and was used during the visioning sessions for the 1998 Comprehensive Plan. The data was also used to set redevelopment priorities for the Council and Commissions, and Maxwell Research integrated that data into the Fridley housing plan that was done at that time. Mr. Bolin stated Planning staff has started to prepare for the upcoming visioning meetings and have started working internally with the different City departments regarding the different chapters for the 2008 Comprehensive Plan. A need for current housing conditions data has surfaced,as a result of these meetings and has been viewed by the Planning staff as an essential piece to providing the most accurate view of Fridley's housing stock. The Planning division has budgeted for an intern to work with their code enforcement process during the summer of 2007. It will allow them to be more proactive during the summer months and take care of some of those code violations. They have even contemplated a joint code enforcement/housing conditions approach but, because of the different focuses, it would be very difficult to have both of those things happening at the same time. A person can do the windshield survey for the housing conditions much quicker than they can address all of the code issues that may exist on each and every property. Consequently, a separate individual is preferred for the housing study. Mr. Bolin stated based on research they have done for their code enforcement intern, they believe it will cost approximately $7,000 to fund this person for the summer. They have checked with the Police Department, and there would be a vehicle available for this person to use. They have estimated about $2,000 in gas and mileage for this. The total of the request is $9,000. The Planning division respectfully requests $9,000 to perform the housing conditions study that will help both their future planning efforts and housing efforts in the City of Fridley. He would also like to mention that he thinks this information would be very helpful for our loan.programs. It may identify some different neighborhoods that they should be targeting their programs into. Really these studies are kind of a snapshot in time, and a lot has happened since the last study was done in 1994. There were the storms in 1998 resulting in a lot of reinvestment in Fridley and also the storms in 2005 that again caused people to get new roofs, etc. It would be interesting to see what effects those storms, along with the City's own programs, have had on the housing stock in Fridley. Mr. Bolin stated his instincts tell him that the age of our housing stock is not a reflection of the quality of our housing stock. Mr. Bolin thinks they have had quite a bit of reinvestment because of those storms and, although the average home is 40 -45 years old, he believes those are in much better condition than age would lead us to believe. Scott 11 Hickok did mention if the HRA had a number of concerns, he would be happy to wait. until March for an answer from them. Commissioner Gabel asked whether they had budgeted for this? Mr. Bolin replied, no, this really came about in the last month and really in the last two weeks. It has come up in a number of the focus groups for the Comprehensive Plan that it would be helpful to have this information. Commissioner Meyer commented regarding the discovery that 95 percent of Fridley's housing stock will be 30 years or older or more, by 2009, just as a comment he stated around the Twin Cities, a home being 80 -100 years old is not uncommon. Huge tracks of those types of homes are going strong. So just as an aside he did not want them to assume that just because Fridley's homes are 30 years old or more that they are going to hell in a handbasket. We are a young suburban/community still in terms of housing stock. Also, he understands the intern would be looking at the exterior and that is about all a person can do, but he wanted to remind them of the things that deteriorate and date a home are the plumbing system, the heating system, and the electrical system. These are the major things that outdate a home and inhibit a home's long -term usage. Certainly there are things like siding and deterioration of the roofing and that sort of thing, but the big things are those systems he mentioned. He understands the intern would not be able to consider those things as it would be a very time - consuming thing and a lot of expertise an intern would not have, but those are the real things determining the validity of our housing stock. Having said all of that, he thinks this would be a good move to participate in. Commissioner Billings asked the HRA if they found the last housing survey to be beneficial to the HRA? Chairperson Commers replied his recollection was that it was and he does think that this would also be beneficial to them. He is somewhat happy to see it might also help the City a little bit in their Comprehensive Plan. However, he thinks his vote for it is because it would help assist the HRA and its different programs they have for the housing stock. Commissioner Gabel replied, she does too. Commissioner Billings asked for clarification be provided as to what the intern is going to be looking for when conducting the housing survey. MOTION by Commissioner Billings that the HRA staff bring back a pro forma of what they would be expecting to be looking for with a view towards the HRA of financing an amount not to exceed $9,000 for a housing survey in 2007. Seconded by Commissioner Gabel. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMIVIERS DECLARED THE MOTION CARRIED UNANIMOUSLY. 12 6. Approval of Purchase Agreements for GW1YE Mr. Bolin stated since they last met in December, the Authority has closed on and taken ownership of the former Car Quest building located at 6005 University Avenue. The Authority has also reached an agreement and has a closing set for February 28 on the original Van- O -Lite building located at 6041 University. In December the Authority also authorized staff to contact the neighbors who border those two properties, as well as the Oriental House since it is currently vacant. The aerial he has up on the screen shows those properties that were contacted. The owners of the Sinclair station indicated that they were not necessarily interested in a sale at this point but would discuss it among themselves and contact the City if they were to change their minds. Mr. Bolin stated he did order appraisals for the other four properties, and Dan Wilson from Wilson Development has put together purchase agreements for those properties based on the appraised values which they can find in their packet. At this time staff is recommending the Authority move forward, making offers to purchase the Tae Kwon Do Center. This would give them control of that entire block between 60th and where the frontage road wraps around by 61St. Il Kim, the owner of the Tae Kwon Do Center, is a very willing seller and Dan Wilson anticipates fairly low location costs to move the Tae Kwon Do Center. Staff also recommends that the Authority presents offers to the owners of the newer Van- O -Lite building and also the Oriental House while those properties are vacant. That will eliminate the need to pay relocation benefits down the road. Of course final terms would be subject to Authority approval, and they would also recommend (as they did in December) Chairperson Commers to have the authority to go ahead and execute any purchase agreements they would get back from the sellers prior to the March meeting. Mr. Bolin stated at this time staff would recommend that they further investigate purchase of the Citgo site. The appraised value came in much higher than anyone anticipated, and it definitely does have an impact on the City's image. However, being that it is separate from the other properties by 61St Avenue may not necessarily be crucial to any future redevelopment they would do in this neighborhood. The appraisers were shocked by the value of the Citgo station. They had a laundry list of identical -sized gas stations, where just in the last year or so, all of a sudden these are selling for $300 a square foot for the building. Commissioner Gabel asked why because if you buy those you have to get rid of the underground tanks at a significant cost? Mr. Bolin replied, yes, they would have to get rid of the underground tanks. They went out and looked at a number of those comparables. It was typically these older, smaller gas stations have also become a gas station/tobacco shop and some other use besides the gas station and typical convenience store. 13 Commissioner Gabel commented so if you retain it as a gas station, that market value stays in that high bracket. Mr. Bolin replied, yes, and even these people who have turned the buildings into other uses are paying $200 a square foot. Chairperson Commers stated it has a funny location across the street in front of St. Williams, and it would be interesting to see what somebody could come up with in terms of redeveloping the property. It actually does not interfere with what they would like to do on the south side. It would still be nice to take it out of there. Mr. Bolin stated if they would like staff to make an offer on that one, they would be more than happy to do that on their behalf. Commissioner Meyer stated if they made an offer at the assessed value, rather than the appraised value, he might be willing to go along with that. He asked whether a service station has to have a special permit? Mr. Bolin replied the Sinclair site has a special use permit for its vehicle repair portion of it, but he believed gas stations themselves are a permitted use in that zoning district. He believed some of the special uses that sometimes go along with them, for example, a car wash or minor car repair, need a special use permit. Commissioner Meyer asked if the assessor has factored in a possible soil contamination cleanup for the Citgo site? Mr. Bolin replied, yes, they do take that into consideration. However, surprisingly, in conversations he has had with the appraiser for what those are worth, typically they find that gas stations do not necessarily have the level of contamination you would think they would have. Without doing any borings on the site, they do not know if there is any contamination on this particular site. Chairperson Commers stated usually those tanks will rust out and usually have a little leakage. They have had that before. Down on the east side they had that problem. Commissioner Meyer stated if they "bought that site, they would be liable for the cleanup so this is something where, if they get more serious about wanting that, he thinks they should one way or another get some soil borings. Chairperson Commers asked attorney Casserly if there is still in place the State program where they reimburse some percent of the cost to clean up gas stations? Attorney Casserly replied as far as he knows the petro fund is still functioning. Mr. Bolin stated if they would like to, between now and the March meeting, staff can do some more research on this site in particular and try and find out if there is any 14 contamination. They can look into the petro fund and some of those and try and figure out really what the liability might be from contamination if they were to purchase that site. Commissioner Meyer commented of course the only really good way to know is to put a couple of borings in there, and it would be several thousands dollars of investment. Mr. Bolin suggested in lieu of spending the money on the borings, he can check with the Fire Department to see what they know about this site and any leaks there and they can also check with the MPCA to see if there has been any records there as well. Commissioner Billings stated he has mixed emotions about this, while he does not want to see that corner become blighted, the other concern he has is that even if they were to acquire the property he is having a difficult time visioning what might want to go on the property. They could end up with a $400,000 piece of property with no inkling as to what kind of development they could get on the site or sale price they could get. Maybe a reasonable thing would be to take a half step back since it is not a key thing as to what they are going to be doing on the south side of 61St, just let it go for a while, and see if maybe the private market will scoop it up and turn it into something that is an improvement to the site without having any financial influence from them. Chairperson Commers agreed and stated he thought tonight they should at least go forward with the other properties and keep the Citgo property in mind as to what they want to do with it. Commissioner Billings agreed. Commissioner Meyer stated he really felt an architectural planning group should be hired to tell them what their ideas are rather than going the other way and having individual private developers come in with their own individual ideas. They have not done that. It seems to him it is an opportunity. Chairperson Commers stated he thought they are going to hear some of that tonight from their guest from Corridor Housing Initiative. Commissioner Holm asked regarding their having purchased the 6005 Building and not having established a TIF District, do these buildings remain standing until they establish a TIF? Mr. Bolin replied they do not have to remain standing until they create the district. He would think that once they acquire a few more of these properties and have some sense of how soon the development may happen down here then perhaps they can go ahead and pass a resolution that says they have the intent to create a TIF district in this area and actually take the properties down. He believed then they have to get the TIF district within three years of making that resolution. 15 Attorney Casserly replied, yes, that is correct. Within three years of the demolition. Chairperson Commers commented that was an issue for them over on the west side. MOTION by Commissioner Holm to approve the right to execute purchase agreements if they come in and also authorize Commissioner Gabel as the vice - chairperson to execute those agreements. Also, to approve submitting offers to these owners at the values stated by Lake States Realty. Seconded by Commissioner Meyer. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MOTION CARRIED UNANIMOUSLY. INFORMATIONAL ITEMS: 7. Corridor Housing Initiative — Presentation by Gretchen Nicholls Mr. Bolin welcomed Gretchen Nicholls from the Center for Neighborhoods that has developed a very unique neighborhood planning process which they refer to as the "Corridor Housing Initiative." He has invited Gretchen to give them more information on the Corridor Housing Initiative as it may be very useful for them if they do move forward with the project on the Gateway Northeast area or for any future redevelopment areas that may come up. Gretchen Nicholls, Corridor Housing Initiative, stated Commissioner Meyer stated it quite nicely that oftentimes communities are kind of always reacting to developers as they come forward with ideas. This resource and process helps get ahead of the development opportunities and help the community and the City frame what they would like to see happen. It would kind of set some goals and expectations for development that they can then market out to developers and encourage for implementing. It is building on the notion of a community visioning where they are identifying what their ideas are for what they would like to achieve with development. However, it helps further that conversation by integrating the market realities of the area. So often the visions of communities become very grand, and you can almost expect they are going to want a bookstore and a whole array of things they would like to see happen for their community but the truth of it is, is that really doable in the current marketplace, and is that really viable for development. This process convenes a series of workshops and integrates a vari ety of technical expertise to help facilitate the conversation to really look at some of the examples and ideas around design and development and kind of insert some of the market information into the conversations so people can become more sophisticated and knowledgeable about what is really doable for their area. Ms. Nicholls stated the Corridor Housing Initiative originated largely in partnership with the City of Minneapolis, and they have really been exploring this resource in that city now and have expanded into St. Paul. Yet they have not yet been in a suburb with this resource, and so they are interested in trying to explore whether this could be useful for Fridley. They think there is a lot of transferability so that they can adapt this resource 16 very easily to the suburban context, and do that in a respectful way that really appreciates and acknowledges the identities of the community. The resources they have are based on a lot of imagery. One of the technical supports they have is the Metropolitan Design Center, University of Minnesota. They are a very gifted group of designers who have really gathered a. whole array of different housing types, different mixed use options, different kinds of development scenarios that are in their experience and local environment so people can kind of see and say, oh, yes, that is what the building feels like. Ms. Nicholls stated density is another critical issue which they find is very cumbersome in community process. They have actually found a variety of density scales throughout the suburban area that models or identifies different subsidies. The configuration of the whole idea is to help familiarize people with some of these terms and ideas and kind of take it home. The density becomes less kind of scary or difficult to talk about. Ms. Nicholls stated another facet of this process is that they also integrate some information about what affordable housing looks like. There is also a lot of concern about the appearance of affordable housing in a community and whether that is a good or bad thing. They think there are a lot of stigmas or assumptions about that type of development work, and they see there are a lot of very positive examples about that in the community. There is less about serving an affordable population but more about the design and the way that building is integrated into the community and can be viewed as an asset. Ms. Nicholls stated she thinks Fridley has an amazing opportunity with the parcels they are aggregating along University Avenue and have actually something to talk about. What they will do is work with the City to figure out what are the goals and outcomes that they would like to see come out of the process — at the front end. They will ask who are some of the community partners they think are critical to be involved in that dialogue? Because they have not worked in the suburban communities, they really will rely on the City to help them identify who they need to bring to the table and create that conversation so people can really.create an ownership over the directions they choose to go. Ms. Nicholls stated the first stage is kind of the agreement setting period. Then in that stage they are also designing a series of community workshops they will staff and support. The first workshop is often just kind of an informational setting where they are understanding what is the City's zoning code and what are some of the critical issues around these parcels. Some people want to learn about transit in development or if there is some sort of specific information people would like to have incorporated in this dialogue. Then they bring those pieces into play. Ms. Nicholls stated regarding the dialogue about what do people want to achieve through development and what are their concerns, it is a way of kind of sifting out all kinds of ideas and expectations people have about the area. That information has been used to form the next exercise which is called the "block" exercise. This is probably the most 17 exciting because it is really interactive, and it is really an incredible learning place for people to understand the area more effectively. Essentially what the block exercise does is asks the participants to build a development concept on a specific parcel. They take the dimensions etc. and put it into a form of spreadsheet, pump the numbers, and instantly find out if that project made any money or if it lost too many dollars. It is really a ballpark assessment but helps people appreciate how hard it is to get development to work. Also, what are some of the variations that they could explore to see what could really happen there. It is really interactive and becomes a fun process for people to learn. People are not very defensive because it is the developer saying this is what we think needs to happen here. It is really a chance to learn and understand and appreciate how this stuff works. Also, what are some of the leverage points they can utilize in working with developers to get some of the goals they would like to see happen. Ms. Nicholls stated participants create a development concept and then that gets run through the pro forma. While that is happening, there is a designer there who is sketching what that building could look like so you are getting an actual image of what massing could be according to certain design priorities or things people have liked about some of the different buildings in the area. They are using some of the design facets that people have liked and what could that building look like. She has some summary sheets about what some of their block exercise results have been. It shows the parcel that was explored, what it looks like currently, then some scenarios that people tended to like or kind of rose to the top in terms of what they thought were a good idea. And then it outlines the information. The example parcel she used had 67 units. They actually lost $2,500 per unit on this but that is still within reason. There is also approximately 15,000 square feet of commercial square footage. Then she showed a the sketch that was developed to display what that building would look like. That is the second workshop which is often a very exciting exploration of some of these topics. Ms. Nicholls stated the third workshop is then often a panel of developers with city representatives, maybe some business leaders, to really talk about the potential for redevelopment in the area. At that point the community has a much higher appreciation for the obstacles or the difficulties that development would likely entail, and you could really have a very interesting conversation where people are kind of she thinks better suited to understand what really is going to happen. It kind of helps to manage some of the expectations and try to help guide some of the thinking further for the area. Typically in their process what they have done through the cities is the community takes that information and develops a set of development objectives. In that process they are really highlighting what they want to see happen for development in their area, and this information that gets marketed or promoted to the developers they ..are building relationships with. Developers in each of their project areas come forward and actually proposed developments that fit within these development guidelines. It has been a very effective tool for kind of setting the stage for development of helping the community become more sophisticated in their relationships with developers and actually get to the products they would like to see created. Ms. Nicholls stated she does not know if this is the exact product that would be developed for Fridley's community if if there would be a different .kind of iteration of that. They are really open to, the City's thoughts and ideas for what kind of end products would be helpful to them in a process like this but it has been a very exciting and stimulating setting for people to kind of come into dialogue and people have found it incredibly useful. This block exercise is often regarded as kind of transformational of people's understanding of what is really doable. Ms. Nicholls stated they have been getting some awards for this process. They just received the National Award from the APA for this initiative, and they think it has a lot of potential. They would really love to try it with Fridley in a suburban context. Chairperson Commers stated it is certainly different than anything they have done. When they had the developers come in with their ideas, ultimately, it has not been the best of all worlds for them. They come in with some general ideas the City tries to convey to them. However, he thinks generally regarding their projects, for instance the last one they were talking about down on the river, they had some ideas but they certainly were not consistent with what the developers thought should be done. He does not know if this would have helped them get farther along before they turned it over to the developers or not. Commissioner Meyer asked Ms. Nicholls if they have a minimum size of a project that would be feasible for something like this? Ms. Nicholls replied, no, they have really allowed the community to identify what parcels they would like to explore. Often it is based on information such as who is interested in selling their sites or, if the City owns something, and this seems ready to go, can we talk about this. They worked on sites that were actually too small to develop and so they have gone through this whole process and then ended up needing to throw it out because it just was not doable, and another parcel needed to be aggregated to make something viable. Often the larger parcels have more potential to do many types of things. They have really worked on a whole range of different scales of sites. So it is really adaptable to whatever they have. Chairperson Commers asked and they have done. mixed -use type things? Not just housing? Ms. Nicholls replied, yes. Usually communities want to explore what those mixed use options could be. In the recent market, where housing has been so strong, it is difficult to actually pull those off but she thinks there may be some shifts going on. Commissioner Meyer asked for an idea of the framework on how they work. For instance, she says alright, let's get together and then there is a certain effort and finances involved and you get to a certain point. He asked for a better idea of what happens. R Ms. Nicholls replied, again, the end point is really up for negotiation with them as their partner because they have the resources to facilitate and coordinate this process but they do not have resources to buy parcels of land or to do the development. So essentially they are creating an educational forum and helping build information for the City and community to take that out to developers to implement those goals. Commissioner Meyer stated, alright, they develop it so they can take it to the developers and they do something with it within the framework of what they have created and the City has approved. Ms. Nicholls replied essentially what they are asking to do is set the stage for development — what do they want to see happening? Commissioner Meyer asked what kind of financial outlay would the HRA be asked to give for this? Ms. Nicholls replied this package of resources is approximately $30,000 for the whole piece. However, they have received funding from the Family Housing Fund to offer this to the HRA for free. They are able to give this resource to two communities to see if this is a useful tool, see how it would work in this kind of community, and to see if it is helpful or not. So really they are offering this as an "in kind" support to the City of Fridley and its work. Dr. Burns stated in some situations the lots do not have a lot of depth and they are right up against the residential neighborhoods. Does she see this as a problem that can be overcome? Ms. Nicholls replied that is a similar dilemma for the cities, Minneapolis as well. The frontage along the corridors is fairly shallow or they are narrow . parcels and the residential is right behind it. Yes, she thinks it is an issue they are used to and they are working with the city and trying to figure out is there some land use changes that need to be in place and how to navigate that. It is true that they are often working with developers who are very frustrated with that scenario. Their designers are comprised of a team of creative thinkers. Because this process is more proactive you get a lot of creative ideas emerging because people are not so defensive and reactive. So you are really collaborating in a more effective way about how do you make this work and what can be done. It just kind of shifts the whole feeling of the conversation, and you look for ideas to help resolve those issues. She thinks they are ready for that and see what can happen. Commissioner Meyer asked who are the participants in that? For the HRA it would be them, the City Council, and how about in the neighborhood? How do they involve the neighborhood? Ms. Nicholls replied that would be part of the fun of this is to figure out who are the stakeholders and how do they invite them into this conversation. P Commissioner Meyer asked they do not have any predisposed idea to include certain groups? Ms. Nicholls replied in the cities there are often neighborhood organizations that are kind of overseeing a lot of these issues. In the suburbs that may not be the case. So they will be looking for business associations or any sort of kind of organized groups who could lend some insight or ideas into the process. People who have a stake in the corridor and have an interest' in what is going to happen. Again, one of their technical experts who works with the process is the Center for Policy Planning and Performance. They are very skilled with outreach strategies and help strategize about how to bring in folks into the conversation and what are some of the techniques they can use. They will also use a lot of communication strategies to get information out to people about the conversation, what has been learned, and how to share that information more broadly. They will set up a website that will host all of the materials so people can access that electronically. But it really is a process that tries to bring in as many voices as possible and helps the dialogue get deeper. Mr. Bolin stated when he had talked with Ms. Nicholls before he thinks she had mentioned that in a lot or some of these neighborhoods, the city may not even own a single parcel or maybe they own one but they do involve the other existing property owners; and a lot of times they are very interested in participating and making changes and improvements to their site. Ms. Nicholls replied, yes, this is not about surprising anybody. They are letting people know what is going on and often the community has a lot of information about who is ready to go and what is the sense of the businesses' plan for the future. So a lot of that findering information can come forward through this process, but they really work to involve the business owners and the landowners in the area to make sure they understand what is going on, that they can come in and involve their voices as well. In some cases they have had some property owners participating in this process, and they own the site adjacent to the site they are looking at and they go, well, it would be a lot easier to do development if you include my area and so they just kind of include their parcel into the conversation. So it is all in good will and there are no surprises for people that could create kind of a fear of something underhanded going on. Commissioner Gabel stated she likes what Ms. Nicholls is saying and it is all very positive. She asked what are some of the pitfalls? Ms. Nicholls replied, well, you are clearly signaling there is a lot of interest in the area so there could some speculation from other property owners in the area that could react in ways that would make it harder for other developments to happen in the area. Otherwise they have not seen a lot of negative things so far. Fundamentally the communities have been very successful in drawing developers in and building very constructive relationships with them and it works out quite well. Commissioner Gabel asked how many projects have they done? 21 Ms. Nicholls replied, the first phase, they have done five project areas and were all in the City of Minneapolis. Sometimes they front end the master planning process and so the development proposals take a while after the master planning is accomplished. However, in each of those project areas there has been a proposal that has come and is in the works, in the pipeline. It always takes a fair amount of time for development to get underway. Regarding the second phase, which they are in currently, they have done three more. Two are in St. Paul that are underway. They are hoping to do two in suburban communities. Again, they have been doing this since 2003; and they have been very pleased with what they have experimented so far and very interested in trying to transfer this into different types of cities and see how it works. Commissioner Gabel stated she is a little confused. She asked Ms. Nicholls if they have just done this in Minneapolis and they are working in St. Paul, why does she have some things on display which say Woodbury, Chaska, and a couple of other suburban cities? Ms. Nicholls replied the Design Center, their technical parties, is a much vast and contains images of all sorts broader resource. They have an image bank that is qui t places. They anticipated trying to expand this into other kinds of communities; and so they have started to collect information from suburban cities, small towns, and trying to build some of these materials that are more relevant to Fridley's experience /development forums. Commissioner Meyer asked Ms. Nicholls regarding the five projects and have taken them up to this point, have they then gone onto the next phase with developers on any of these five to get them into reality? Ms. Nicholls replied they do not do that but the communities in the cities do. What they have done sometimes is hosted developer forums and showcased these different project areas. There was a developer firm in the City of Minneapolis where they showcased the five project areas they did in the, first phase. There were about 30 developers who showed up. It was not a very talkative meeting, but there were. a lot of cards being exchanged and a lot of information. She thought the developers really appreciated knowing where the City wanted to see development happen and what kind. That information seems very useful. The developers have raved about this and really appreciate the chance to come into a known environment where they understand what people are trying to do. Commissioner Meyer asked whether any of them have picked up the ball and run with actual development? Ms. Nicholls replied, yes. The first project area the City actually ended up releasing a site and did a RFP and there are developers who are now competing for that parcel, all in alignment with these development objectives the community has outlined. Regarding the second one, a developer was actually participating through the process, is getting them one of the sites, and is moving forward with that project. The third, she believed it was 22 along Nicollet Avenue, and the Lander Group identified a parcel and started working with the community and are moving forward with their proposal. South Lyndale was a four - neighborhood process that funded a master planning process and now there is a variety of proposals coming in because that is a very kind of upper -end area so there is a lot stronger development interest in that area. And then West Broadway is another corridor on the north side of Minneapolis, and there was a development that came forward from that area as well. So in each case the process is preceded kind of with information the developer can utilize and prepare a concept the community has already indicated that they would support. It is this streamline that makes the predevelopment work a lot of efficient. Commissioner Billings asked what areas of St. Paul are they working with? Ms. Nicholls replied they are starting in two very different places. One is St. Anthony community, up Como Avenue. The second is on Rice Street. So one is a wealthier area and the other is a lower - income area. The City wanted to see how the resource worked in each and kind of contrasting those two typologies of communities. Commissioner Billings asked about her statement they have funding to do projects for two suburban municipalities, is there going to be a competition? Does everybody need to submit what they want to do or something like that? Or is she saying that they would like to do something in Fridley, and all they have to do is say, yes? Ms. Nicholls replied, it is almost that easy. She is actually out promoting this resource to different cities. She has met with Coon Rapids also and some other cities such as Richfield and is in just some initial conversations with others. So she is just spreading the word. She does not know if it is first -come, first - served. They have an oversight and advisory committee who will actually receive the letters of interest and make the decisions for which project areas are chosen. They are very anxious to initiate something in a suburban setting so they have a good bet if they can move fast. Commissioner Billings asked what kind of timeline are they looking at then in terms if they were to send them a letter of. interest? Is there a deadline for their oversight committee? Ms. Nicholls replied their next application round is June 1, but she thinks they would not need to hold that hard and fast. She thinks if they got a proposal in from a suburb that they could move on, they would like to move on it as quickly as they could. They have this funding through the end of the year and would like to be sure and get some opportunities going. A lot of it depends on the HRA's timing, too — is this the right time or would it be better to postpone for a few months but in essence it would be great if they would just let them know if this is a resource they think would be valuable and how. Commissioner Billings stated they have already made an investment in two pieces of property, and tonight they authorized three more pieces of property in this particular area where, if the offers are accepted, to go ahead and close on them. He thinks it is an area of 23 their City that they are committed to redeveloping, and at this point in time they have nothing they have identified as what they really think should happen there other than get rid of some buildings that do not look so nice. It sounds to him like the Corridor is looking for a partner and the HRA is looking for some help and maybe the time is right. Chairperson Commers stated he thought that was a very good characterization of where they are at right now. 8. Monthly Housing Report Mr. Bolin stated in regards to the HRA program, this being January, the first month of the year was fairly slow for loans. There was one loan issued in Fridley by CEE, and that was using some of their private bank funds. There were no remodeling advisor visits and no home energy audit visits this month either. However, they are working hard on improving those numbers for the next few months. Regarding all of the programs, they have really been out promoting this past month. Dr. Burns wrote a nice article on the HRA's home energy audit program that is going out in the February newsletter. Brian Strand has run a number of public service announcements on Channel 17. Mr. Strand gave him some numbers earlier today and he has run them on the loan program, 135 times since January 8. He has plugged the HRH's home energy audits, 54 times since the middle of January; and the remodeling advisor services 100 times during that same time frame. Also, the post card they see on the screen will be making its way out to Fridley residents over the next week or so and, again, that touches on the HRA's different programs and also plugs the upcoming Home and Garden Show on Saturday, February 24, will run from 9 a.m. to 2 p.m. and will be at the Schwan's Center in Blaine. This year they have some very unique breakout sessions and seminars covering gardening, home safety, energy efficiency, and some different hints on interior decorating, as well as a demonstration on building your own patio walls. Another thing they are doing differently this year is they got in touch with the Minnesota Chapter of Institute of Architects and there is a group of architects from a different number of firms who have volunteered their time to meet with folks at the Home and Garden Show and offer some free architectural advice. Dr. Burns pointed out on February 7 the Southern Anoka County Community Consortium will have Julie Parenteau as a speaker who is going to talk about housing sales in 2006 in Anoka County, the metro area, and in Fridley. Chairperson Commers asked the Commission what do they want to do about Corridor Housing Initiative program? Commissioner Meyer replied if they wish could they agree tonight to have staff prepare a Letter? He personally thinks it is an interesting try. Commissioner Gabel stated she would -be willing to give it a shot. 24 Commissioner Holm stated he believed they should hold off until they come out on some of the offers. Commissioner Meyer stated, one thing is, for example if these people go through with this it could spark not only the HRA's enthusiasm but also the other people to see the possibilities. In other words it could be something that feeds on itself. He hears what they are saying but it could go the other way, too, to be a catalyst for interest and development. Commissioner Billings asked regarding the Tae Kwon Do owner, they have stated they are likely interested in negotiating a deal? Mr. Bolin replied, yes, they are interested. Commissioner Billings asked about the "new" Van- O -Lite building is on the market? Mr. Bolin replied the realtor has called him just about every day for the last two weeks to see if they have the appraisal back and are ready to make an offer. Commissioner Billings pointed out the Oriental House is kind of down the block. If they can throw something in down there it would be good, but the main focus he thinks are the two properties they have acquired and the two properties on either side of it where they understand there to be an interested seller. So he is kind of thinking with all due respect they actually do go forward. Even if they come up with a vision with what the corridor could look like, that does not mean they have to have control of it. It just means they have the neighborhood and the City and all the interested players agree this is what they kind of would like to see, whether it is the HRA or private development. He asked Commissioner Holm to expand on what his reservations are. Commissioner Holm replied his understanding was it was not that much of a slam -dunk that these other sites are interested in selling with the offers they are planning to make. If he is wrong then so be it. He guessed he did not understand why they wanted to move ahead real fast before they know where* they are. Commissioner Meyer replied there is nothing wrong with that reservation. Commissioner Gabel stated she did not think they have anything to lose by figuring out what it is they would like to see there. They already bought some of the land and know they are buying more land. By giving the community and all of them an opportunity to go ahead and figure what their vision is and significantly reduce cost to the HRA — she hates for them to pass up the opportunity. Chairperson Commers commented it does sound like they have a couple of relatively willing sellers. They know they have some vacant buildings. They are not going to let them sit forever without planning to do something with them. So he would think the chances are pretty good that they are going to be able to negotiate something on them and 25 move forward. There is no reason not to pick up the Oriental place at this time. They have already talked about Citgo, that is a bit of a different story. It seems to him, too, that their acquisitions are going to through. At that point they are going to be sitting on the property and want to acquire and get under control it but they do not have any real thoughts. By turning this over to developers they have seen what they have gotten down there on their University east side and they have been a little bit disappointed at times about it. It is a nice project but maybe something could have been a little bit different. There is no risk to them and, if they do not like it, they do not go forward with it; there is really no risk. He does not see any downside. Commissioner Holm stated his only concern was if they do not really have control of that much property, they do not have much of a project area to work with, yes, they could talk about a larger area but they could create more problems in terms of adjacent owners wanting more money, etc. He thinks they all agree they want to do something to improve the University Avenue corridor and they certainly do not have any objections to proceeding with acquiring the adjacent properties at reasonable rates. However, would they be prepared to pay substantially more than that? He does not know if they could answer that in the same affirmative response. Commissioner Meyer asked Commissioner Holm is he thinking there is a risk of jacking the price up because somebody sees there is more potential than he might have realized himself`? Commissioner Gabel commented that is probably the risk they take when they are putting projects together. Commissioner Meyer stated, yes, if you put a fine facility next to any one of these and the guy next door is thinking and, rightfully so, there is a little more money — there is always that risk anyway. He guessed he did not see any risk in giving the Corridor people a whole schmear whether they own the property or not to play with. Who knows maybe in the process the HRA will see some use of the Citgo property, outrageous in the way it is, somebody comes up with an idea and will want to find the money. Commissioner Gabel commented they are just talking about a Letter of Interest, right? Mr. Bolin stated a couple of points Ms. Nicholls made before the presentation when they have seen each other, in a couple of these instances where they have done this process, the City only owned one parcel on an entire block. They work a lot with the existing property owners and they know down in this neighborhood the Alano Society for one — they probably do not want to move. One of their board members came in and talked to him and asked if they planned on taking their property and he said, no, everything is on a voluntary basis. However, they would be involved in the planning process as well as a pet care business' down the road. They necessarily would not need to control all of the property to involve them in the process. It would put them in a position to really be proactive with the development rather than reactive as sometimes happens with the reuse of Columbia Arena comes to mind, and the City has not really set forth a vision out there 26 at all and they kind of hear rumblings from the development. group who has purchased that as to what they want to do with the site and it may or may not match with what the HRA wants to do with the site or the Council or the neighborhood up there. In this case they would be able to get all the players involved and, even if they did not acquire any more properties, they would have a vision for future private developers to take a look at before they come into that neighborhood. Chairperson Commers replied that seemed like it was the big benefit to it. He does not see any risk to it and if they do not like it, reject it, or do not get all the properties to do something, they do not have any downside to that. MOTION by Chairperson Billings to request staff to contact the Corridor Housing Initiative and find out what they are looking for in a Letter of Interest on behalf of the HRA inviting them to be a partner with them. Seconded by Commissioner Meyer. UPON A VOICE VOTE, CHAIRPERSON COMMERS, COMMISSIONER GABEL, COMMISSIONER BILLINGS AND COMMISSIONER MEYER VOTING AYE, AND COMMISSIONER HOLM VOTING NAY, THE MOTION CARRIED ON A 4 -1 VOTE. ADJOURNMENT: MOTION by Commissioner Gabel to adjourn. Seconded by Commissioner Meyer. UPON A VOICE VOTE, ALL VOTING AYE, CHAIRPERSON COMMERS DECLARED THE MEETING ADJOURNED AT 9:45 P.M. Respectfully submitted, Denise M. Johnson Recording Secretary 27 CITI Y F FRID . ' Fridley Housing and Redevelopment Authority Action Item DATE: May 31, 2007 TO: William W. Burns, HRA Executive Director FROM: Paul Bolin, Assistant HRA Director SUBJECT: Conduct Annual Meeting and Election of Officers Article V, Section 3 of the Authority's by -laws requires the Board of Commissioners to hold an annual meeting on the first Thursday of June. The purpose of the meeting is to elect a Chair and Vice Chair to one -year terms. Below is a list of the commissioners and the length of their current appointments. Commissioner End of Term Steve Billings June 2010 John Meyer June 2011 Bill Holm June 2012 Pat Gabel (Vice Chair) June 2008 Larry Commers (Chair) June 2009 Recommendation Staff recommends that the Authority conduct its annual meeting and elect a Chair and Vice Chair as required by the Authority's by -laws. ft CITY-OF F[I .` Fridley Housing and Redevelopment Authority MEMORANDUM DATE: May 31, 2007 TO: William W. Burns, HRA Executive Directoro T FROM: Paul Bolin, Assistant HRA Director SUBJECT: Consider Membership in Minnesota Solutions for 2008 Legislative Session As you are aware, Minnesota Solutions is a consortium of communities throughout the state that focuses on redevelopment issues, such as tax increment financing, redevelopment funding, soil contamination and related issues. Bonnie Balach, the group's Executive Director, spends a great deal of time working on legislative issues that affect communities like Fridley. She has been a valuable advocate for inner -ring suburbs and older cities that have redevelopment needs and was the key player in getting our special Northstar legislation approved by the House and Senate.. Frankly, there are very few individuals at the state capitol working on these specialized issues. Attached is a memo from Ms. Balach that provides a wrap -up on redevelopment issues during the 2007 legislative session. Ms. Balach sends out multiple legislative updates throughout the session and keeps a close eye on issues affecting Fridley. Staff believes it is important to remain active and engaged at the Legislature. There are many important issues that need to be addressed in the 2008 session. Recommendation Staff recommends that the Authority participate in Minnesota Solutions for 2008 at cost of $1,500. Bolin, Paul From: Bonnie Balach [bbalach @comcast.net] Sent: Monday, May 07, 2007 8:03 PM To: Bolin, Paul Subject: Minnesota Solutions' Contribution Attachments: Invoice (City of Fridley).doc Invoice (City Fridley).doc May 8, 2007 TO: Paul Bolin City of Fridley FR: Bonnie Balach RE: Minnesota Solutions' Contribution Attached is the invoice for another year of valuable membership in Minnesota Solutions. Although the jury is not quite out yet on this year's session, we've actually made some important progress this year. After �ourTheyears MetoropolgitanuAreatwill onceeagainlgetrasshotd fairness to the Redevelopment Accou n at half of the proceeds. The next step, though, will be to get some consequential funding. The legislature did endorse a conference committee report that appropriates $1.650M in general fund dollars for the program. That bill has been vetoed by the Governor, though. Ideally, we will build up a blend of bonding and cash over the next couple of years. Since the goal of redevelopment is to get impaired land into private hands, cash will always be more effective. We also made some very useful changes in the statute that affect both the Redevelopment Account and the Contamination Cleanup Grant Program. As you know, the tax conference committee continues to meet so it is impossible to state definitely our progress for this session. However, I am very optimistic about several issues on our legislative agenda. First of get all, we did get our Transit Improvement Center bill introduced. While we had hoped t it moved forward this session, it is actually a very good start. We can start to discuss uss it during the interim and schedule hearings early next session. Secondly, we are very close to accomplishing some handy tax increment financing changes. The House omnibus tax bill contained our language that would an authority some flexibility as to when first increment is received. I talked to Senator Bakk on Saturday and it looks like we will be able to make that provision a reality. Also, we are in a good position as regards the use of pooled increment within a bioscience zone for redevelopment in addition to public infrastructure. Not only is that a boon.for bioscience business expansion, it sets a precedent that will prove useful for transit oriented development. There are also a number of semi - technical provisions on the House side that we have promoted. Last, but not least, the income tax credit for historic preservation finally made it into the House omnibus tax bill. Although it did not make it into the Senate omnibus tax bill, a compromise could be reached if the tax conference committee budget allows for the expenditure. Although there were some challenges this year -- no money, new committee structures, etc. This is the time to get creative - we have reason to be optimistic about the future. about public finance for housing and economic development, find some new angles, etc. We have leadership and a legislature that are - disposed to at least li itin to ooldedeass and up that share our goals for promoting job growth and housing opp cities. 1 Thanks for your continued support. 70 Grove Street MN L�blbalach@ rriahtomedi, MN 55115 Solutions (651) 260 -8690 cocast.net II TO: city of Fridley FR: Bonnie Balach, Executive Director Minnesota Solutions RE: Minnesota Solutions' contribution For membership in Minnesota Solutions (6/1/07 through 5/31/07) ..... ......................$1,500.00 Due and Payable June, 2007 Remit to: Bonnie Balach Minnesota Solutions 70 Grove Street Mahtomedi, MN 55115 ACTION ITEM HRA MEETING OF JUNE 7, 2007 CITY OF FRIDLEY Date: May 31, 2007 N To: William Burns, City Manager 161, From: Paul Bolin, Asst. Executive HRA Director Scott Hickok, Community Development Director Subject: Gateway Northeast Property Acguisition Lake States Realty recently conducted an appraisal of the Sikh Society property located at 6061 University Avenue, as the Sikh Society has expressed a real interest in having the HRA purchase their property for inclusion in redevelopment efforts along University Avenue. A copy of the appraisal report summary has been included for your review. The value for the property follows: Address / Building Owner / Rep FMV Lake States Realty City Assessor Value 6061 Sikh Society) DJ Sikka $485,000 $278,500 The value for the Sikh Society is much higher than the City appraisers' value as former restaurant comparables tend to have higher value than other uses. Recommendation Staff recommends that the Authority authorize staff to negotiate the purchase of the Sikh Society property in order to provide more land for redevelopment north of the Gateway East Townhomes. Staff also recommends that Chairman Commers be given the authority to execute any purchase agreements matching the appraised values prior to the Authority's next meeting. SELF CONTAINED SUMMARY MARKET VALUE APPRAISAL o� ...,....... _... - Looking easterly at subjecIrs front anci sourn sme t2lavauuti. NE THE SIKH SOCIETY OF MINNESOTA PROPERTY AT 5831 UNIVERSITY AVE. NE FRIDLEY, MINNESOTA 55432 (SIKH HOUSE OF WORSHIP) FOR MR. PAUL BOON THE CITY OF FRIDLEY BY LAKE STATE REALTY SERVICES, INC. MAY 2007 ce Road May 24, 2007 Mr. Paul Bolin The City of Fridley 6431 University Ave. NE Fridley, MN 55432 RE Self Contained Summary Fair Market Value Appraisal of: The Sikh Society of Minnesota property at 5831 University Ave. NE Fridley, MN 55432 (Sikh House of Worship) Dear Mr. Bolin: Pursuant to your request, I have personally inspected and prepared a summary fair market value appraisal for the above referenced property. The appraisal estimates the current market value of the fee simple interest in the described real estate, subject to the certification, definitions, and the assumptions and limiting conditions as stated within this appraisal. After careful consideration of the all pertinent factors influencing market value, it is my opinion that the subject property has a market value in fee simple estate as of April 30, 2007 (the date of inspection) of: Four - Hundred Eghty -Five Thousand Dollars ... $485,000 The attached report describes the methods and reasoning used in the analyses, as well as the data gathered during the investigation of the property and marketplace. This appraisal report has been completed in conformance with the current version of the Uniform Standards of Professional Appraisal Practice (USPAP) of the American Appraisal Foundation; the OCC appraisal guidelines dated August 9, 1990; requirements as set forth in 12 CFR Part 323, "Appraisals" as published in the Federal Register, and as amended from time to time; and Section 301 of the Uniform Assistance and Real Property Acquisition Policies Act of 1970. Please feel free to contact me if you have any questions regarding this report. Thank you for the opportunity to assist you in this valuation matter. Respectfully Submitted, Paul G. Schwartz, Certified General Appraiser Minn. #: 20002323 Executive Summary ADDRESS: 5831 University Ave. NE, Fridley, MN 55432 PROPERTY TYPE One level commercial building (with partial basement) housing a Sikh House of Worship; former McDonald's fast food restaurant OWNER Per Anoka County Tax Records, the owner is Sikh, Society of Minnesota, with a mailing address of the subject property. INTEREST APPRAISED: Fee Simple APPRAISAL PURPOSE Estimate Fair Market Value APPRAISAL USE Internal planning purposes and possible negotiation purposes related to proposed fee title purchase SITE SIZE 35,750 s.f. per county plat map (in addenda of report) ZONING: C -2, General Business District, as governed by the City of Fridley HIGHEST AND BEST As vacant: Commercial use USE As improved: Existing use or adaptive re-use FIVE YEARS SALES According to county records the subject property last HISTORY: transferred 12/21/92 for $72,000. IMPROVEMENTS: A single one -level building with 3,022 s.f. (with a partial basement level) PROPERTY I.D. #: 23- 30 -24 -24 -0022 ASSESSOR'S Land = $91,500; Improvements = $187,000; total = ESTIMATED PROPERTY $278,500 VALUE (2008 estimated values for 2007 payable taxes): PROPERTY TAXES $0.00 (no tax is due as it is owned by a tax- exempt entity); (2007 payable): $79.97 assessment balance - annual installment amount VALUE BY COST APPROACH: N/A VALUE BY MARKET APPROACH: $485,000 VALUE BY INCOME APPROACH: N/A APPRAISER'S ESTIMATE OF MARKET VALUE $485,000 DATE OF VALUATION: April 30, 2007, the date of most recent inspection APPRAISER Paul G. Schwartz, Certified General Appraiser, MN #20002323 INFORMARTIONAL ITEM HRA MEETING OF JUNE 75 2007 CRY of FRIDLEY Date: May 31, 2007 To: William Burns, City Manager From: Paul Bolin, Asst. Executive HRA Director Scott Hickok, Community Development Director Subject: Gateway Northeast Planning Update Since the HRA / Council meeting on May 17th, staff has been busy working with the Center for Neighborhoods and the Fridley Community Center to establish final dates and meeting space for the upcoming Corridor Housing Initiative planning process. A letter has been sent to all of the surrounding properties that explains the upcoming planning process and invitation postcards are being prepared. All meetings will be held from 7:00 — 9:00 P.M. at Fridley Community Center, Thursday, July 19: Rethinking University Avenue Learn about some key opportunities along University Avenue to revitalize the corridor, and share your ideas about how housing, transit, and commercial development can make University Avenue a more vibrant corridor and asset to the community. Thursday, August 16: Development ABC's Join your neighbors in an interactive workshop to create feasible development scenarios for University Avenue. Design and development experts will be on hand to share ideas and insights. Thursday, September 6: Moving Forward! Explore the opportunities and challenges for development along University Avenue with a panel of developers, business leaders, and city representatives to build a strategic road map for the future of University Avenue. Thursday, September 20: Framing the Recommendations Recommendations will be drafted for the City Council and HRA Commissioners on development objectives for publicly owned sites along University Avenue. IMILI INFORMARTIONAL ITEM KJ HRA MEETING OF JUNE 712007 MY OF FRIDLEY Date: May 31, 2007 To: William Burns, City Manager From: Paul Bolin, Asst. Executive HRA Director Scott Hickok, Community Development Director Subject: Northstar Rail Funding Update When the HRA / Council meeting on May 17', we had just been notified that our proposed special legislation had cleared both the House and the Senate, and at that time staff was 99% certain that we would get our legislation. Shortly thereafter our optimism was quickly tempered by the Governors threats to veto the entire tax bill. Thursday morning I was met with the following e-mail message from Attorney Casserly, "The tax bill has been vetoed." The tax bill contained, in addition to our legislation, a number of items of importance to many metro cities. There was increased Local Government Aid funding, assistance for Mall of America expansion, and funding for Thomson -West expansion included in the tax bill. The Governors veto has hurt a number of cities, and most unfortunately for us, prevents us from using otherwise unusable funds to help this regional rail project along. Attorney Casserly, the City's Finance Staff, and I am working to identify all legal sources of funding the HRA may have available at this time to undertake the installation of the tunnel. We will bring these options and recommendations to you on Thursday night. Fridley HRA Housing Program Summary Cover Page June 7, 2007 HRA Meeting Report Description Loan Application Summary Loan application activity (e.g. mailed out, in process, closed loans) for May, 2007 and year -to -date. Loan Origination Report Remodeling Advisor & Operation Insulation ��S 1+\�ar r�'•o..'7"� bra Q,T -ri,",•S') . s y Loan originations for May 2007 and year -to -date. Shows the number of field appointments scheduled and completed the Operation Insulation and Remodeling Advisor Services administered by Center for Energy and Environment. W"(( Lae Quo v, de d P" 0 r-.+ '11-D - H:\—Paul's Documents \HRA\HRA Agenda Items\20061June 1, 20060ousing Program Cover Page(June06).doc va�,er FRIDLEY HOUSING & REDEVELOPMENT AUTHORITY June 7, 2007 1. Northstar Rail Timing /Funding Update As I had mentioned in an e-mail, staff attended the NGDA Executive Committee meeting on Wednesday afternoon. The following is a summary of the meeting, with some new information. Item #1 — Project "bridge" financing — There is a need to expend nearly $46M in funds to close on the deal with BNSF and begin construction this summer. The problem is that, though the State has agreed to help fund these activities, they cannot release their funding until the Federal Final Grant Agreement is in place. This won't happen until sometime in September (at the earliest). To begin construction on time it was decided today that Hennepin County would fund $22.95M and Anoka County & Sherburne County would split the other $22.95M (80% Anoka County & 20 %Sherbume) to provide the financing "bridge" necessary to move forward. Item #2 — Should NCDA Close on purchase & sale agreement with BNSF this morning? — After settling item #1, above, there was very little discussion. Everyone wants to see this project move forward. It was also mentioned that BNSF is willing to let NCDA postpone the 2"d payment until December 15th, 2007. Item #3 — Fridley Update — Unbeknownst to us, The State, the NCDA, & BNSF were up late Tuesday night finalizing the parameters for Fridley's station ... and in fact Lt. Gov. Molnau was signing an agreement with BNSF yesterday. This agreement gives the State (or NCDA or City) until November 1. 2007 to come up with the $1.21VI to fund the Fridley tunnel. Once the tunnel goes in, the State only has 4 years to get the Fridley station built or BNSF has no obligation to let us have a station. There was no direct statement made that the State would come up with the funding at yesterdays meeting. When I spoke with Tim Yantos late on Thursday afternoon, he stated that it will still be up to the City County, & rail authority to come up with the money. The large packet of information attached are the recently signed agreements. 2. Summer Intern / Housing Conditions Survey Ms. Laurel Tracy has been making great progress in conducting the Housing Conditions survey. Using a handheld PC, she has completed reviewing all of the homes north of Mississippi Street, between the river and BNSF tracks in only 7 days. She is getting valuable information that can aid in targeting our home improvement programs to those homes most in need. As we had hypothesized, due to all the work done to repair storm damage, the bulk of homes surveyed are in good - excellent condition. Ms. Tracy will attend the HRA's August 2 °a meeting and give a brief presentation on the process and results to date. 3. Gateway West Earlier this week we closed on 2 more lots with Blueprint Homes. One of the lots is on the southern block and soon we will see a new home constructed on the corner of 57th Place and 3d Street. I am certain that this activity will now spur more interest in the southern block. If there are any items you would like covered in upcoming issues of the Non - Agenda Update please send me an e-mail. bolinp @ci.fddley.mn.us 11 FRMLEY MASTER AGREEMENT This Agreement is made and entered into as of the 31st day of May, 2007, by and between BNSF Railway Company ( "BNSF ") and the Commissioner of Transportation acting on behalf of the State of Minnesota (the "State "). RECITALS A. BNSF has previously entered into a Purchase and Sale Agreement ( "PSA ") with State dated March 7, 2007 whereby BNSF agreed to convey to State certain Commuter Easements as defined in the PSA. B. BNSF has as of the date hereof conveyed to State the First Commuter Easement as defined in the PSA. C. In connection with the Commuter Easements, the Metropolitan Council ( "Met Council ") has as of the date hereof entered into with BNSF various agreements, including without limitation, a Joint Use Agreement ( "JUA ") and a Commuter Service Agreement ( "CSA "). D. Pursuant to the JUA and the CSA, Met Council has the right to operate Commuter Service Trains (as defined in the JUA and CSA) with station stops at Fridley among other stations (the Fridley station stop is hereinafter referred to as the "Fridley Platform "). E. State and BNSF wish to set forth additional terms and conditions concerning Met Council's rights to build the Fridley Platform pursuant to the Platform Agreement — Fridley Station attached hereto as Exhibit A (the "Platform Agreement "). F. State and BNSF wish to set forth the conditions pursuant to which BNSF will construct a tunnel at the Fridley Station (the "Tunnel ") pursuant to the Fridley Tunnel Construction Agreement attached hereto as Exhibit B (the "Construction Agreement "), in the generally depicted in the Construction Agreement. G. State and BNSF wish to set forth the conditions pursuant to which BNSF will grant an easement for the right to complete construction of the Tunnel pursuant to the Underpass Easement Agreement attached hereto as Exhibit C ( "Underpass Agreement ") and use the Tunnel for the purposes set forth in the Underpass Agreement. NOW, THEREFORE, in consideration of the foregoing recitals, the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Option for Construction Agreement. The State or its Designee (as hereinafter defined) may at anytime on or before November 1, 2007 execute the Construction Agreement and deliver it to BNSF. BNSF shall thereafter as soon as reasonably practical execute the Construction Agreement and the parties will be bound by its terms. 525261.5 Fridley Master Agreement 2. Expiration of Option for Construction Agreement. If State or its Designee does not execute the Construction Agreement and deliver it to BNSF on or before November 1, 2007, then BNSF shall have no further obligation to enter into the Construction Agreement or to be bound thereby. 3. Option for Underpass Agreement. If State or its Designee and BNSF enter into the Construction Agreement pursuant to paragraph 1, State or its Designee may at anytime on or before the expiration of four (4) years from the date that BNSF completes its obligations to construct the Underpass under the Construction Agreement enter into the Underpass Agreement and deliver it to BNSF, which sets forth, among other things, the additional work and obligations of the State or its Designee in order for the Tunnel to become operational. BNSF shall as soon as reasonably practical thereafter execute the Underpass Agreement and the parties will be bound by its terms. 4. Expiration of Option for Underpass Agreement. If State or its Designee does not enter into the Underpass Agreement on or before the date set forth in paragraph 3 above, then BNSF shall thereafter have no further obligation to enter into the Underpass Agreement or to be bound thereby and BNSF may, at its cost and expense, remove, fill -in or otherwise modify or demolish the Tunnel or leave it in place and State or its Designee shall have no rights with respect thereto unless agreed to by the parties. 5. Platform Agreement. State or its Designee may at any time at its option determine to construct a station in Fridley. State or its Designee shall not have the right to enter into the Platform Agreement unless either (a) State or its Designee has entered into both the Construction Agreement and the Underpass Easement Agreement and is in compliance with their respective terms, or (b) State or its Designee has entered into a separate agreement with BNSF pursuant to which State or its Designee will pay BNSF for any modifications to BNSF's track and signal reasonably necessary to maintain the operational fluidity and capacity of the Northstar Corridor that exists at such time during the construction of the Fridley Platform. In the event (a) does not occur then in such event the parties shall meet as soon as possible to negotiate in good faith, seek ways to minimize and mitigate such modifications and to enter into a separate agreement setting forth the additional reasonable cost and expense BNSF must incur for such modifications and the timing, payments and other conditions related thereto. Such agreement will set forth the time periods at which such modifications will be performed and the time period at which Met Council may enter into the Platform Agreement in order to begin construction its Platform pursuant to the Platform Agreement and will reimburse BNSF such reasonable costs and expenses. 6. Budget. The parties acknowledge that in order to exercise the option set forth in paragraph 1, the State will require a budget in reasonable detail of the costs and expenses estimated to be incurred by BNSF in connection with the Construction Agreement. Accordingly, BNSF agrees to provide State a written budget in reasonable detail of the costs and expenses of BNSF to be paid by State or its Designee pursuant to the Construction Agreement, including BNSF force account and subcontractors, within forty-five (45) days from date of delivery to BNSF of mutually acceptable plans and specifications for the Tunnel. Upon the request of State or its Designee, BNSF will meet with State or its Designee to review and, if appropriate, modify its budget for the Construction Agreement. 525261.5 2 Fridley Master Agreement 7. Notices. Except as otherwise expressly provided in this Agreement, all requests, notices, demands, authorizations, directions, consents, waivers or other communications required or permitted under this Agreement shall be in writing and shall either be: (i) delivered in person, (ii) deposited postage prepaid in the certified mails of the United States, return receipt requested, (iii) delivered by a nationally recognized overnight or same -day courier service that obtains receipts, or (iv) delivered via facsimile, with confirmation of receipt by telephone, with an original deposited postage prepaid in the first class mails of the United States, addressed to the State at: Minnesota Department of Transportation 395 John Ireland Blvd. St. Paul, MN 55155 Attn: Bob McFarlin With copy to: The Metropolitan Council 390 N. Robert Street Saint Paul, MN 55101 Attn: Regional Administrator or to BNSF at: BNSF Railway Company 2500 Lou Menk Drive Fort Worth, Texas 76131 ATTN: Richard E. Weicher, Vice President and General Counsel - Regulatory With copy to: BNSF Railway Company 2600 Lou Menk Drive Fort Worth, Texas 76131 ATTN: DJ Mitchell, AVP, Passenger Operations or to such person and at such other addresses as either party may at any time or from time to time designate for itself by notice in accordance herewith. Each such request, notice, demand, authorization, direction, consent, waiver or other document shall be deemed to be delivered to a party when received at its address set forth or designated as above provided. 8. Miscellaneous. 7.1 Designee. For the purpose of this Agreement, State's "Designee" shall only be the Met Council or any other permitted assignee under Section 11.10 of the JUA; provided further, until the Platform Agreement is entered into the State may designate another public entity to enter into the Construction Agreement. 7.2 Governing Law, Rules of Construction. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Minnesota, without reference to the conflicts of laws or choice of law provisions thereof. The titles of sections and subsections herein have been inserted as a matter of 525261.5 3 Fridley Master Agreement convenience of reference only and shall not control or affect the meaning or construction of any of the terms or provisions herein. All references herein to the singular shall include the plural, and vice versa. The parties agree that this Agreement is the result of negotiation by the parties, each of whom was represented by counsel, and thus, this Agreement shall not be construed against the maker thereof. 7.2 No Waiver. Neither the failure of either party to exercise any power given such party hereunder or to insist upon strict compliance by the other party with its obligations hereunder, nor any custom or practice of the parties at variance with the terms hereof shall constitute a waiver of either party's right to demand exact compliance with the terms hereof. 7.3 Entire Agreement. This Agreement contains the entire agreement of the parties hereto with respect to the subject matter hereof and any other prior understandings or agreements are merged herein and no representations, inducements, promises or agreements, oral or otherwise, between the parties not embodied herein or incorporated herein by reference shall be of any force or effect. 7.4 Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, legal representatives, successors and assigns. The rights and obligations under the Agreement may be assigned only in accordance with Section 11.10 of the JUA. 7.5 Amendments. No amendment to this Agreement shall be binding on any of the parties hereto unless such amendment is in a single writing executed by both parties to this Agreement. 7.6 Date For Performance. If the time period by which any right, option or election provided under this Agreement must be exercised, or by which any act required hereunder must be performed, expires on a Saturday, Sunday or legal or bank holiday, then such time period shall be automatically extended through the close of business on the next regularly scheduled business day. 7.7 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, when taken together, shall constitute but one and the same instrument. 7.8 Time of the Essence. Time shall be of the essence of this Agreement and each and every term and condition hereof. 7.9 Attomevs' Fees. In the event that either party shall bring an action or legal proceeding for an alleged breach of any provision of this Agreement or any representation, warranty, covenant or agreement herein set forth, or to enforce, protect, determine or establish any term, covenant or provision of this Agreement or the rights hereunder of either party, the prevailing party shall be entitled to recover from the non - prevailing party, as a part of such action or proceedings, or in a separate action brought for that purpose, reasonable attorneys' fees and costs, 525261.5 4 Fridley Master Agreement expert witness fees and court costs as may be fined by the court or jury including those incurred on appeal. 7.10 Relationship. Nothing in this Agreement or the Other Agreements shall be deemed or construed by the parties hereto, nor by any other party, as creating the relationship of principal and agent or of partnership or of joint venture between the parties hereto. 7.11 Waiver of Trial by Jury. BNSF AND THE STATE HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR COUNTERCLAIM ARISING IN CONNECTION WITH, OUT OF OR OTHERWISE RELATING TO, THIS AGREEMENT. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 525261.5 5 Fridley Master Agreement IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by its duly authorized signatory, effective as of the day and year first above written. BNSF RAILWAY COMPANY By: Name: Richard E. Weicher Title: Vice President and General Counsel - Regulatory MINNESOTA DEPARTMENT OF TRANSPORTATION RV- Name: Carol Molnau Title: Commissioner of Transportation 525261.5 6 Fridley Master Agreement EXHIBIT A TO FRIDLEY MASTER AGREEMENT UNDERPASS CONSTRUCTION AGREEMENT This Underpass Construction Agreement ( "Agreement "), is executed to be effective as of the day of , 2007 ( "Effective Date "), by and between BNSF RAILWAY COMPANY, a Delaware corporation ( "BNSF "), and THE METROPOLITAN COUNCIL, a public corporation and political subdivision of the State of Minnesota ( "Agency"). RECITALS: A. BNSF owns and operates a line of BNSF from Big Lake, Minnesota to Minneapolis, Minnesota, which runs in and through the City of Fridley, County of Anoka, State of Minnesota (the " Northstar Corridor"); B. The Commissioner of the Department of Transportation, acting on behalf of the State of Minnesota (the "State ") and BNSF have entered into that certain Purchase and Sale Agreement dated as of the March 7, 2007 (the "Purchase and Sale Agreement") providing for the purchase and sale of certain commuter rail service easements (the "Easements ") in and to the Northstar Corridor, as more fully described in the Purchase and Sale Agreement and the Joint Use Agreement (defined below), which Easements shall be used for the Agency's operation of commuter service from Big Lake, Minnesota to Minneapolis, Minnesota ( "Commuter Service "); C. BNSF and Agency have entered into that certain Joint Use Agreement dated May 31, 2007 (the "Joint Use Agreement"), which governs the terms of joint use of the Northstar Corridor by the State, BNSF and Agency and any Service Agreement as contemplated by the Joint Use Agreement (the "Service Agreement"), which, during the term thereof, will also govem the terms of joint use of the Northstar Corridor by the State, BNSF and Agency; D. The terms of the Joint Use Agreement provide that Agency may construct a Commuter Service Platform at approximately Milepost 16.0 in the City. of Fridley for Commuter Service purposes (the "Fridley Platform'), subject to the terms, conditions and limitations provided in Fridley Master Agreement between BNSF and State dated as of May 31, 2007 (the "Fridley Master Agreement "), which provides additional terms and conditions relating to the Fridley Platform including the terms and conditions by which the parties would agree to enter into an Underpass Agreement and /or a Platform Agreement (as defined in the Fridley Master Agreement); and E. The Fridley Master Agreement contemplates that State has until November 1, 2007 to notify in writing BNSF that it wishes to enter into this Agreement, and State has so notified BNSF, concerning the construction by BNSF on Agency's behalf of a pedestrian underpass (tunnel) under the Northstar Corridor, to be known as the "Fridley Station Underpass ") in order to facilitate Commuter Service. AGREEMENT NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: ARTICLE I — SCOPE OF WORK 1. The term "Project" as used herein includes any and all work related to the construction of the proposed Fridley Station Underpass (hereinafter referred to as the "Structure "), in the location generally shown on Exhibit A attached hereto and incorporated herein, including, but not limited to, any and all changes to telephone, telegraph, signal and electrical lines and appurtenances, temporary and permanent track work, fencing, grading, alterations to or new construction of drainage facilities, preliminary and construction engineering and contract preparation. 525366.3 Fridley Underpass Construction Agreement 2. Agency must furnish to BNSF plans and specifications for the Project. Four sets of said plans (reduced size 11" x 17 "), together with two copies of calculations, and two copies of specifications in English Units, must be submitted to BNSF for approval prior to commencement of any construction. The plans and specifications must provide for and maintain minimum vertical and horizontal clearances, as required and approved by BNSF as part of the plans and specifications for the Project. The plans and specifications must (i) include work methods and timing and a proposed date for substantial completion of the Project, (ii) identify the shoring or cribbing to be used which must comply with BNSF Bridge Requirements set forth on Exhibit B attached to this Agreement to the extent applicable and incorporated herein. Additionally, the shoring and cribbing must comply with all applicable requirements promulgated by state and federal agencies, departments, commissions and other legislative bodies.Plans and specifications to include all work items temporary or permanent contemplated by the Agency as necessary for future completion by Agency under the Underpass Easement Agreement of the components of the Structure necessary in conjunction with Fridley Platform to be constructed by the Agency at a later date as contemplated in the Fridley Master Agreement. 3. BNSF will promptly review such plans and specifications and upon such approval give Agency final written notice thereof. If BNSF objects to any portion of the plans and specifications then the parties shall meet to resolve in good faith any objections. Upon BNSF's final written approval of the plans and specifications, said plans and specifications will become part of this Agreement and are hereby incorporated herein. Any approval of the plans and specifications by BNSF shall in no way obligate BNSF in any manner with respect to the finished product design and /or construction. Any approval by BNSF shall mean only that the plans and specifications meet the subjective standards of BNSF, and such approval by BNSF shall not be deemed to mean that the plans and specifications or construction is structurally sound and appropriate or that such plans and specifications meet applicable regulations, laws, statutes or local ordinances and /or building codes. 4. Agency must make any required application and obtain all required permits and approvals for the construction of the Project. 5. Agency must make any and all arrangements for the installation or relocation of wire lines, pipe lines and other facilities owned by private persons, companies, corporations, political subdivisions or public utilities other than BNSF which may be necessary for the construction of the Project. 6. Agency shall be solely responsible for the costs of performing its obligations under this Article I, and no cap on BNSF's right to reimbursement provided in this Agreement shall apply to any of Authority's obligations under this Article I. 7. BNSF shall provide Agency an estimated budget of the costs and expenses to be incurred by BNSF in performing its obligations under this Agreement, including, without limitation, BNSF's force account and subcontractors, prior to beginning work hereunder and will upon request of Agency promptly meet with Agency to review said budget. ARTICLE II — BNSF WORK 1. Upon approval of the plans and specifications and the other requirements of Agency set forth in Article I, BNSF will cause the Project to be completed in substantial compliance with the approved plans and specifications. The portion of the Project directly related to the construction of the Structure (the "Tunnel Work ") will be subcontracted by BNSF in accordance with BNSF's standard requirements for contractor's working on BNSF's right of way. The principal elements of the Tunnel Work are as follows: (a) Construction of the Structure; (b) All necessary grading and paving, including backfill of excavations and restoration of disturbed vegetation on BNSF's right -of -way including but not limited to 12 inches of subballast; 525366.3 Fridley Underpass Construction Agreement 2 M Placement of a waterproof membrane on the deck of the Structure, and after the placement of such waterproofing membrane, placement of a layer of crushed rock ballast (not to exceed six (6) inches in thickness) on the deck of the Structure; (d) Provide suitable drainage, both temporary and permanent; (e) Job site cleanup including removal of all construction materials, concrete debris, surplus soil, refuse, contaminated soils, asphalt debris, litter and other waste materials to the satisfaction of BNSF; and (f) Sealing the Structure upon acceptance by Agency of its completed condition as contemplated below. The portion of the Project related to removing track panels or other track relocation or modification work necessary to perform the Tunnel Work including placement of ballast on the track roadbeds for the permanent replacement of the tracks (the "Track Work ") will be performed by BNSF's labor. BNSF will provide Agency an estimate for the Tunnel Work but Agency will be responsible to pay BNSF for the actual costs incurred by BNSF to perform the Tunnel Work. Agency will also reimburse BNSF for the actual costs incurred by BNSF to perform the Track Work provided, however, that Agency's obligation to reimburse BNSF for costs related to the Tunnel Work shall not exceed the sum of $300,000. 2 Nothing in this Agreement shall restrict BNSF's rights, and the rights of any others who have obtained, or may obtain, permission or authority from BNSF, to do the following: (a) Operate, maintain, renew and /or relocate any and all existing BNSF track or tracks, wires, pipelines and other facilities of like character upon, over or under the surface of said right -of- way; and (b) Construct, operate, maintain, renew and /or relocate upon said right -of -way; without limitation, such facilities as the BNSF may from time to time deem appropriate, provided such facilities do not materially interfere with the Agency's use of the Structure; 3. For both the Tunnel Work and the Track Work, BNSF shall be responsible for: (a) Furnishing flagging services necessary for the safety of BNSF's property and the operation of its trains during construction. of the Project in accordance with BNSF's standard requirements therefor; and (b) Furnishing and inspection as required in connection with the construction of the Project; 4. In addition to the foregoing, Agency agrees to reimburse BNSF for any costs incurred by BNSF reasonably required to remediate any hazardous materials disturbed as part of the Project. 5. All work contemplated in this Agreement must be performed in a good and workmanlike manner and each portion must be promptly commenced by the party obligated hereunder to perform the same and thereafter diligently prosecuted to conclusion in its logical order and sequence. Furthermore, any changes or modifications during construction which affect the Project will be subject to Agency's approval prior to the commencement of any such changes or modifications. Agency will have the right from time to time to inspect the Project provided Agency complies with BNSF's standard safety requirements for such entry on its right of way. 6. To the extent applicable, the work hereunder must be done in accordance with the Bridge Requirements set forth on Exhibit B. 7. BNSF must require its contractor(s) to reasonably adhere to the Project's construction schedule for all Project work. Regardless of the requirements of the construction schedule, BNSF reserves the right to reallocate the labor forces assigned to complete the BNSF work in the event of an emergency to 525366.3 3 Fridley Underpass Construction Agreement provide for the immediate restoration of BNSF operations (BNSF or its related railroads) or to protect persons or property on or near any BNSF owned property. BNSF will not be liable for any additional costs or expenses resulting from any such reallocation of its labor forces. The parties mutually agree that any reallocation of labor forces by BNSF pursuant to this provision and any direct or indirect consequences or costs resulting from any such reallocation will not constitute a breach of this Agreement by BNSF. 8. During the construction of the Project, BNSF will send Agency progressive invoices detailing the costs of the BNSF work performed by BNSF under this Agreement. For the purposes of this Agreement, "cost" or "costs" or "expense" or "expenses" includes, but is not limited to, actual labor and material costs including all assignable additives, and material and supply costs at current value where used. Agency shall pay BNSF within 30 days of receipt of such invoices and if not so paid Agency shall be assessed a charge for late payments as provided in the Joint Use Agreement. Upon completion of the Project, BNSF will send Agency a detailed invoice of final costs for the Project. 9. BNSF shall notify Agency upon completion of the Project and the parties shall arrange within 30 days a joint inspection of the Structure to inspect whether the Structure was constructed in substantial compliance with the approved plans and specifications. In the event the parties agree on portions of the Structure that were not completed in substantial compliance with the approved plans and specifications they will identify a joint punch list of said items. Upon completion of the correction of such punch list items Agency shall notify BNSF in writing that it has accepted the condition of the Structure. BNSF shall provide to Agency one set of as built plans (prepared in English Units) as well as one set of computer diskettes containing as built CAD drawings of the Structure and identifying the software used for the CAD drawings. Upon such completion of the punch list items BNSF shall have no obligation to maintain the Structure. 10. BNSF may, at its expense, make future changes or additions to its BNSF right of way if necessary or desirable, in BNSF's sole discretion, including, without limitation the following: (i) the right to raise or lower the grade o� change the alignment of its tracks, (ii) the right to lay additional track or tracks, or (iii) the right to build other facilities in connection with the operation of its BNSF. Such changes or additions must not change, alter or compromise the use and life of the Structure. 11. Each party shall have the inspection and examination rights as to books, papers, records and accounts pertaining to this Agreement as set forth in Section 3.9 of the Joint Use Agreement. 12. The covenants and provisions of this Agreement are binding upon and inure to the benefit of the successors and assigns of the parties hereto. Notwithstanding the preceding sentence, neither party hereto may assign any of its rights or obligations hereunder without the prior written consent of the other party. 13. Neither termination nor expiration of this Agreement will release either party from any liability or obligation under this Agreement, whether of indemnity or otherwise, resulting from any acts, omissions or events happening prior to the date of termination or expiration. 14. To the maximum extent possible, each provision of this Agreement will be interpreted in such a manner as to be effective and valid under applicable law. If any provision of this Agreement is prohibited by, or held to be invalid under, applicable law, such provision will be ineffective solely to the extent of such prohibition or invalidity and the remainder of the provision will be enforceable. 15. This Agreement (including exhibits and other documents, manuals, etc. incorporated herein) and the agreements referenced in the recitals are the full and complete agreement between BNSF and Agency with respect to the subject matter herein and supersedes any' and all other prior agreements between the parties hereto. 16. Any notice provided for herein or concerning this Agreement must be in writing and will be deemed sufficiently given when sent in the manner set forth in the Joint Use Agreement. 17. The waiver by Agency of the breach of any provision herein by BNSF shall in no way impair the 525366.3 Fridley Underpass Construction Agreement 4 right of Agency to enforce that provision for any subsequent breach thereof. All remedies provided hereunder are cumulative and are in addition to all other remedies available at law or in equity. 18. Whenever in this Agreement BNSF's consent or approval is required, such consent or approval shall not be unreasonably withheld. 19. In the event a conflict arises due to such consent or approval (or lack of either), or in the event of any other conflict hereunder, the parties hereto agree to submit such conflict to the alternative dispute resolution procedures set forth in the Joint Use Agreement. 20. The captions are inserted only as a matter of convenience and for reference, and in no way define, limit or describe the scope of this Agreement nor the intent of any provision thereof. 21. All provisions contained in this Agreement shall be binding upon, inure to the benefit of, and be enforceable by the respective successors and assigns of BNSF and Agency to the same extent as if each such successor and assign was named a party to this Agreement. 22. Except as may be elsewhere specifically provided in this Agreement, if either party is delayed or hindered in, or prevented from the performance required under this Agreement (except for payment of monetary obligations) by reason of earthquakes, landslides, strikes, lockouts, labor troubles, failure of power, riots, insurrection, war, acts of God or other reason of the like nature not the fault of the party delayed in performance of its obligation, such party is excused from such performance for the period of delay. The period for the performance of any such act will then be extended for the period of such delay. 23. This Agreement may be executed in multiple counterparts, each of which shall, for all purposes, be deemed an original but which together shall constitute one and the same instrument, and the signature pages from any counterpart may be appended to any other counterpart to assemble fully executed documents, and counterparts of this Agreement may also be exchanged via electronic facsimile machines and any electronic facsimile of any party's signature shall be deemed to be an original signature for all purposes. 24. Notwithstanding anything else herein to the contrary, neither party hereto shall be construed or held, by virtue of this Agreement, to be the agent, partner, joint venturer, or associate of the other party hereto, it being expressly understood and agreed that the relationship between the parties hereto is and at all times during the Term of this Agreement, shall remain that of BNSF and Agency. 25. BNSF shall have the right to transfer and assign, in whole or in part, all of its rights and obligations under this Agreement and in the Premises only to the transferee of its rights and obligations under the Joint Use Agreement. 26. If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attomeys' fees, costs, and necessary disbursements in addition to any relief to which it may be entitled. [Remainder of Page Intentionally Left Blank] 525366.3 5 Fridley Underpass Construction Agreement IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by its duly qualified and authorized officials as of the day and year first above written. BNSF RAILWAY COMPANY By: Printed Name: Title: 525366.3 Fridley Underpass Construction Agreement 6 AGENCY THE METROPOLITAN COUNCIL By: Printed Name: _ Title: WITNESS: 525366.3 _ Fridley Underpass Construction Agreement Exhibit A Northstar to construct platform CONS t8/CCT TI ---------------------- *1-,---8-'------------- See attached site plan of the tunnels to be constructed at two location the West Tunnel & East Tunnel. Form 0106 Rev. 06/01/05 Exhibit B Bridge Requirements BRIDGE DESIGN, PLANS & SPECIFICATIONS: Bridge design calculations will be submitted to BNSF for review and approval. Design calculations will be summarized on a cover sheet to state the design dead load, design live load and amount of impact and any secondary loads considered. Bridge design by other than a BNSF pre- approved consultant will be subject to a third party design check at the Agency's expense. For BNSF bridges and culverts over waterways, BNSF will be provided with the Hydrology and Hydraulic design criteria, calculations and site specific data, including electronic data utilized in computer simulation modeling. Design considerations should include future land use changes that would increase the volume, velocity or sediment transport characteristics of the streambed flows. Design shall include sediment transport calculations and erosion control mitigation measures if necessary. Bridge plans will be submitted to BNSF for review and approval at the 30 %, 60% and 90% stage of design. The final set of plans must be approved by BNSF prior to letting of bids for the Project. Prior to issuing any invitation to bid on construction of the Structure, the Agency should conduct a pre -bid meeting where prospective Contractors have the opportunity to communicate with BNSF personnel as to the site specific train speeds, train density, and general safety requirements for men and equipment working near live tracks. Any invitation to bid and specifications for the Structure and the Project must be submitted to BNSF for review and approval prior to letting of bids for the Project. BRIDGE CONSTRUCTION: After awarding the bid, but prior to the Contractor entering BNSF right of way, the Agency should conduct a pre - construction meeting with BNSF personnel in attendance to reiterate the safety requirements of construction activity adjacent to live tracks. During construction, BNSF will require an experienced Quality Control Inspector to be present during certain critical times of the Project, including but not limited to: driving foundation piles, erecting falsework, construction of shoring and retaining walls, placing concrete, placing soil backfill and compaction processes. Certain components, normally produced off site, will require a QC inspector to be present, including the production of precast concrete components and steel fabrication. The QC inspector will provide reports to BNSF including pile driving records, concrete compressive test records, and other such reports requested by BNSF. QC Inspection services can be provided by the Agency subject to acceptance by BNSF. If the QC services provided are not acceptable, BNSF will provide an independent QC Inspection service to supplement the deficiencies. The Agency shall reimburse BNSF for all costs of supplemental QC Inspection services. Within 90 days of the conclusion of the Project and final acceptance by BNSF, the Agency will provide BNSF with a complete electronic set of the bridge plans labeled "As Built ". Those plans will reflect any and all deviations from the original plans that occurred during construction. The "As Built" plans will be submitted in Micro Station *.dgn electronic format (preferred) or AutoCAD *.dwg format. Electronic plans are to be submitted in the original format used for CAD plan preparation and not converted to another format prior to submission. The plans must show dimensioned locations of existing and relocated utilities. BRIDGE MAINTENANCE: BNSF will be responsible for maintenance of the track and ballast over the bridge and the earth embankment approaches. The Agency will be responsible for maintenance of the structural components of the bridge, including deck waterproofing and paint. Form 0106 Rev. 06/01/05 For bridges over roadways, the Agency will maintain the roadways under the bridge including signs, pedestrian walkways, fences, drains, landscaping, earth retention components, embankment slopes, erosion control, surface drainage, paint, walkways, handrails, lighting and other improvements associated with the Project. The Agency will be responsible to post highway vertical clearance signs and maintain such signs to reflect potential future pavement profile elevation changes. Clearance signs, traffic control signals or other signs should not be attached to a load - carrying member of the BNSF bridge. For BNSF bridges over waterways, the Agency will be responsible for all aspects of channel maintenance across BNSF's right -of -way, including toe of slope erosion control where the BNSF embankment meets the streambed. The Agency will be responsible for debris removal that may accumulate at bridge piers as well as silt removal, local and general scour and remediation and streambed lateral migration and streambed degradation remediation. Fencing and other trespass controls within BNSF's right -of -way and incorporated into the Project shall be designed and maintained by the Agency. Graffiti removal will be the responsibility of the Agency. BRIDGE INSPECTION: BNSF will conduct annual routine structural inspections of BNSF bridges over public roadways and waterways at no cost to the Agency. The Agency shall provide traffic control under those bridges spanning roadways to enable BNSF personnel or representatives to safely conduct the annual inspections. For routine annual inspections, BNSF will give the public agency 7 days advance notice of traffic control requirements. In the event of an earthquake, fire, flood, damage from vehicular impacts or other emergent situations, the Agency will provide traffic control in roadways to allow immediate inspection by BNSF personnel or representatives. Traffic control will include lane closures or other such measures to allow BNSF personnel, contractors and equipment to be safely positioned under the superstructure: Upon the conclusion of the BNSF inspection, the Agency will be notified of items in need of repair. If the Agency does not complete the repairs requested by BNSF within a reasonable time period, BNSF personnel and/or contractors will perform the repairs and invoice the Agency for the entire cost of such repairs. Regardless of the nature or cause of such maintenance and repairs, traffic control will be provided by the Agency at no cost to BNSF to allow safe access to the bridge. Form 0106 Rev. 06/01/05 EXHIBIT B TO FRIDLEY MASTER AGREEMENT UNDERPASS EASEMENT AGREEMENT This Underpass Easement Agreement ( "Agreement "), is executed to be effective as of this day of , 200_ ( "Effective Date, ), by and between BNSF RAILWAY COMPANY, a Delaware corporation ( "BNSF" or "Grantor"), and THE METROPOLITAN COUNCIL, a public corporation and political subdivision of the State of Minnesota ( "Agency" or "Grantee "). RECITALS: A. BNSF owns and operates a line of BNSF from Big Lake, Minnesota to Minneapolis, Minnesota, which runs in and through the City of Fridley, County of Anoka, State of Minnesota (the "Northstar Corridor"); B. The Commissioner of the Department of Transportation, acting on behalf of the State of Minnesota (the "State ") and BNSF have entered into that certain Purchase and Sale Agreement dated as of the March 7, 2007 (the "Purchase and Sale Agreement") providing for the purchase and sale of certain commuter rail service easements (the "Easements ") in and to the Northstar Corridor, as more fully described in the Purchase and Sale Agreement and the Joint Use Agreement (defined below), which Easements shall be used for the Agency's operation of commuter service from Big Lake, Minnesota to Minneapolis, Minnesota ( "Commuter Service "); C. BNSF and Agency have entered into that certain Joint Use Agreement dated May 31, 2007 (the "Joint Use Agreement "), which governs the terms of joint use of the Northstar Corridor by the State, BNSF and Agency and any Service Agreement as contemplated by the Joint Use Agreement (the "Service Agreement "), which, during the term thereof, will also govern the terms of joint use of the Northstar Corridor by the State, BNSF and Agency; D. The terms of the Joint Use Agreement provide that Agency may construct a Commuter Service Platform at approximately Milepost 16.0 in the City of Fridley for Commuter Service purposes (the "Fridley Platform "), subject to the terms, conditions and limitations provided in Fridley Master Agreement between BNSF and State dated as of May 31, 2007 (the "Fridley Master Agreement "), which provides additional terms and conditions relating to the Fridley Platform; E. As contemplated in the Fridley Master Agreement, BNSF and Agency entered into that certain Underpass Construction Agreement dated as of (the "Construction Agreement ") pursuant to which BNSF constructed the Structure (as defined in the Construction Agreement) and pursuant to which Agency accepted the condition of the Structure as in compliance with the terms of the Construction Agreement; F. As contemplated in the Fridley Master Agreement, Agency has elected to enter into this Agreement pursuant to which Agency will assume responsibility for the maintenance and upkeep of the Structure and will have the right to use the Structure as contemplated herein in order to facilitate Commuter Service. AGREEMENT NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: Section 1 Granting of Easement. 1.1 Easement Purpose. The "Easement Purpose" shall be for the purpose of providing pedestrian access through the Structure to facilitate the movement of passengers in Commuter Service or otherwise. The initial Structure constructed by BNSF together with any improvements to be constructed by Agency are referred to herein as "Improvements" and shall be constructed, located, configured and maintained by Grantee in strict accordance with the terms of this Agreement. 515373.2 Fridley Underpass Easement 1.2 Grant. Grantor does hereby grant unto Grantee a non - exclusive easement ( "Easement ") in and to that portion of Grantor's right of way beneath grade in which the Structure occupies (the "Premises ") for the Easement Purpose and for no other purpose. The Easement is granted subject to any and all restrictions, covenants, easements, licenses, permits, leases and other encumbrances of whatsoever nature whether or not of record, if any, relating to the Premises and subject to all with all applicable federal, state and local laws, regulations, ordinances, restrictions, covenants and court or administrative decisions and orders, including Environmental Laws (defined below) and zoning laws (collectively, "Laws "),. Grantor may not make any alterations or improvements or perform any maintenance or repair activities within the Premises except in accordance with the terms and conditions of this Agreement. 1.3 Reservations by Grantor. Grantor excepts and reserves the right, to be exercised by Grantor and any other parties who may obtain written permission or authority from Grantor: (a) to install, construct, maintain, renew, repair, replace, use, operate, change, modify and relocate any existing pipe, power, communication, cable, or utility lines and appurtenances and other facilities or structures of like character (collectively, "Lines ") upon, over, under or across the Premises; (b) to install, construct, maintain, renew, repair, replace, use, operate, change, modify and relocate any tracks or additional facilities or structures upon, over, under or across the Premises; and (c) to use the Premises in any manner as the Grantor in its sole discretion deems appropriate, provided Grantor shall not interfere with the use of the Premises by Grantee for the Easement Purpose. Section 2 Term of Easement. The term of the Easement, unless sooner terminated under provisions of this Agreement, shall be perpetual. Section 3 No Warranty of Any Conditions of the Premises. Grantee represents that the Premises, the title thereto, and the present uses thereof have been examined by the Grantee. Except as otherwise set forth herein, Grantee accepts the same in the condition in which they now are, without representation or warranty, expressed or implied, in fact or by law, by the Grantor, and without recourse to the Grantor as to the title thereto, the nature, condition or usability thereof, or the uses to which the Premises may be put. Subject to the terms of the Underpass Agreement, the provisions of Section 7 herein or elsewhere in this agreement, by taking possession or commencing use of the Premises, Grantee (i) acknowledges that it is relying on its own inspections of the Premises and not on any representations from Grantor regarding the Premises; (ii) establishes conclusively that the Premises are at such time in satisfactory condition and in conformity with this Agreement and all zoning or other governmental requirements in all respects; and (iii) accepts the Premises in its condition as of the Commencement Date on an "AS IS," "WHERE IS," and "WITH ALL FAULTS" basis, subject to all faults and infirmities, whether now or hereafter existing. Grantee represents and warrants to Grantor as follows: (i) Grantee does not intend to, and will not, use the Premises for any purpose other than as set forth in the Overpass Agreement; (ii) Grantee has previously disclosed in writing to Grantor all special requirements of which Grantee has knowledge (but Grantor shall have no responsibility relative to any such special requirement), if any, which Grantee may have in connection with this intended use; and (iii) Grantee has undertaken and has reasonably and diligently completed all appropriate investigations regarding the suitability of the Premises for Grantee's intended use. Grantee shall comply with any covenants, conditions or restrictions now or hereafter affecting the Premises, and acknowledges that Grantor may place any covenants, conditions or restrictions of record affecting the Premises prior to or during the Term, but any such covenants, conditions or restrictions shall not act to interfere with Grantee's use of the Premises. In such event and with the above limitations, this Easement will be subject and subordinate to all of the same without further action by either party, including, without limitation, the execution of any further instruments. Grantee acknowledges that Grantor has given material concessions for the acknowledgements and provisions contained herein, and that Grantor is 515373.2 Fridley Underpass Easement 2 relying on these acknowledgements and agreements and would not have entered into this Easement without such acknowledgements and agreements by Grantee. Section 4 Nature of Grantor's Interest in the Premises. GRANTOR DOES NOT WARRANT ITS TITLE TO THE PREMISES NOR UNDERTAKE TO DEFEND GRANTEE IN THE PEACEABLE POSSESSION OR USE THEREOF. NO COVENANT OF QUIET TITLE IS MADE. In case of the eviction of Grantee by anyone owning or claiming title to or any interest in the Premises, or by the abandonment by Grantor of the affected rail corridor, Grantor shall not be liable to Grantee. Section 5 Improvements. Grantee shall take, in a timely manner, all actions necessary and proper to cause the Improvements to at all times be in a state of good condition and repair, including such actions as may necessary to obtain any required permits, approvals or authorizations from applicable governmental authorities. In the event Agency fails to so maintain the Improvements and such failure poses a risk to the safe operation of BNSF's train operations then (i) BNSF may, upon five (5) days prior written notice except in the event of an emergency in which no prior notice shall be required, perform such repair or maintenance work on Agency's behalf and Agency shall reimburse BNSF for all costs and expenses incurred by BNSF in connection therewith, and (ii) BNSF may suspend Agency's right to use and occupy the Structure until such failure is remedied by either BNSF or Agency. For purposes of this Agreement the term "costs" and "expenses" shall have the same meaning as set forth in those certain Track Lease Agreements between BNSF and Agency dated as of May 31, 2007. Agency must notify and obtain prior authorization from BNSF's Manager of Public Projects before entering the surface of BNSF's right -of -way for maintenance purposes. If the construction work hereunder is contracted, Agency must require its prime contractor(s) to comply with the obligations set forth in Exhibit C and Exhibit C -1 as the same may be revised from time to time. Agency will be responsible for its contractor(s) compliance with such obligations. In the event Grantee wishes to make additional improvements within the Premises, the following shall apply: 5.1 Agency must furnish to BNSF plans and specifications for its proposed improvements. Four sets of said plans (reduced size 11" x 17 "), together with two copies of calculations, and two copies of specifications in English Units, must be submitted to BNSF for approval prior to commencement of any construction. The plans and specifications must detail construction timing and methods and any proposed shoring or cribbing to be used over, under, or adjacent to BNSF's tracks to BNSF's Manager of Public Agency Works for approval. The shoring or cribbing used by Agency's contractor shall comply with BNSF Bridge Requirements (as applicable) set forth on Exhibit D attached to this Agreement and incorporated herein. Additionally, the shoring and cribbing must comply with all applicable requirements promulgated by state and federal agencies, departments, commissions and other legislative bodies. BNSF will give Agency final written approval of the plans and specifications. BNSF will promptly review such plans and specifications and upon such approval give Agency final written notice thereof. If BNSF objects to any portion of the plans and specifications then the parties shall meet to resolve in good faith any objections. Upon BNSF's final written approval of the plans and specifications, said plans and specifications will become part of this Agreement and are hereby incorporated herein. Any approval of the plans and specifications by BNSF shall in no way obligate BNSF in any manner with respect to the finished product design and /or construction. Any approval by BNSF shall mean only that the plans and specifications meet the subjective standards of BNSF, and such approval by BNSF shall not be deemed to mean that the plans and specifications or construction is structurally sound and appropriate or that such plans and specifications meet applicable ' regulations, laws, statutes or local ordinances and /or building codes. 5.2. Agency must make any required application and obtain all required permits and approvals for the work contemplated in the approved plans and specifications (the "Agency Work "). 5.3. Agency must provide for and maintain minimum vertical and horizontal clearances, as required and approved by BNSF as part of the plans and specifications for the Agency Work. 5.4. Agency must make any and all arrangements for the installation or relocation of wire lines, pipe lines and other facilities owned by private persons, companies, corporations, political subdivisions or public utilities other than BNSF which may be necessary for the construction of the Agency Work. 515373.2 Fridley Underpass Easement 3 5.5 Agency must construct the Agency Work substantially in accordance with the approved plans and specifications. Agency's Work must be performed by Agency or Agency's contractor in a manner that will not endanger or interfere with the safe and timely operations of BNSF and its facilities. All Agency Work must be performed in a good and workmanlike manner. In order to prevent.damage to BNSF trains and property, Agency must require its contractor(s) to notify BNSF's Roadmaster at least thirty (30) calendar days prior to requesting a BNSF flagman in accordance with the requirements of Exhibit C attached hereto. Additionally, Agency must require its contractor(s) to notify BNSF's Manager of Public Agency Works thirty (30) calendar days prior to commencing work on BNSF property or near BNSF tracks. All work performed under such contract or contracts within the limits of BNSF's right -of -way must be performed in a good and workmanlike manner in accordance with plans and specifications approved by BNSF; No work will be commenced within BNSF's right -of -way until each of the prime contractors employed in connection with said work must have (i) executed and delivered to BNSF a letter agreement in the form of Exhibit C -1 and (ii) delivered to and secured BNSF's approval of the required insurance; To facilitate scheduling for the Agency Work, Agency shall have its contractor give BNSF's representative (( ) Six (6) weeks advance notice of the proposed times and dates for work windows. BNSF and Agency's contractor will establish mutually agreeable work windows for the Agency Work. BNSF has the right at any time to revise or change the work windows, due to train operations or service obligations. BNSF will not be responsible for any additional costs and expenses resulting from a change in work windows. Additional costs and expenses resulting from a change in work windows shall be accounted for in the contractor's expenses for the Agency Work. Agency agrees that its insurance and indemnity is excess of any insurance required to be carried by any contractor. 5.6. Agency must include the following provisions in any contract with its contractor(s) performing work on said Agency Work, and shall be responsible for ensuring compliance with such provisions: (a) The Contractor is placed on notice that fiber optic, communication and other cable lines and systems (collectively, the "Lines ") owned by various telecommunications companies may be buried on BNSF's property or right -of -way. The locations of these Lines have been included on the plans based on information from the telecommunications companies. ' The contractor will be responsible for contacting BNSF's Engineering Representative ( ) and/or the telecommunications companies and notifying them of any work that may damage these Lines or facilities and /or interfere with their service. The contractor must also mark all Lines shown on the plans or marked in the field in order to verify their locations. The contractor must also use all reasonable methods when working in the BNSF right -of -way or on BNSF property to determine if any other Lines (fiber optic, cable, communication or otherwise) may exist. (b) Failure to mark or identify these Lines will be sufficient cause for BNSF's engineering representative ( ) to stop construction at no cost to the Agency or BNSF until these items are completed. (c) The Contractor will be responsible for the rearrangement of any facilities or Lines determined to interfere with the construction. The Contractor must cooperate fully with any telecommunications company(ies) in performing such rearrangements. 5.7. BNSF will have the right to stop construction work on the Agency Work if any of the following events take place: (i) Agency (or any of its contractors) performs the Agency Work work in a manner contrary to the plans and specifications approved by BNSF; (ii) Agency (or any of its contractors), in BNSF's opinion, prosecutes the Agency Work work in a manner which is hazardous to BNSF property, facilities or the safe and expeditious movement of railroad traffic; or (iii) the insurance described in the attached Exhibit C -1 is canceled during the course of the Agency Work. The work stoppage will continue until all necessary actions are taken by Agency or its contractor to rectify the situation to the satisfaction of BNSF's Division Engineer or until additional insurance has been delivered to and accepted by BNSF. In the event of a breach of (i) this Agreement, (ii) the Temporary Construction License, or (iii) the Easement, BNSF may immediately suspend the Temporary Construction License. Any reasonable work 515373.2 Fridley Underpass Easement 4 stoppage under this provision will not give rise to any liability on the part of BNSF. In the event that BNSF desires to stop construction work on the Agency Work, BNSF agrees to immediately notify the following individual in writing: 5.8 Agency must supervise and inspect the operations of all Agency contractors to assure compliance with the plans and specifications approved by BNSF, the terms of this Agreement and all safety requirements of BNSF. If BNSF determines that proper supervision and inspection is not being performed by Agency personnel at any time during construction of the Agency Work, BNSF has the right to stop construction (within or adjacent to its operating right -of -way). Construction of the .Agency Work will not proceed until Agency corrects the situation to BNSF's reasonable satisfaction. If BNSF feels the situation is not being corrected in an expeditious manner, BNSF will immediately notify for appropriate corrective action. 5.9. Agency must advise the appropriate BNSF Manager of Public Agency Works, in writing, of the completion date of the Agency Work within thirty (30) days after such completion date. Additionally, Agency must notify BNSF's Manager of Public Agency Works, in writing, of the date on which Agency and /or its Contractor will meet with BNSF for the purpose of making final inspection of the Agency Work. Agency must provide one set of as built plans (prepared in English Units) to BNSF, as well as one set of computer diskettes containing as built CAD drawings of the Improvements and identifying the software used for the CAD drawings. The "as built plans" must all information in BNSF engineering stationing and mile post pluses. The "as built plans" must also include plan and profile, structural bridge drawings and specifications, and drainage plans. All improvements and facilities must be shown. 5.10 Agency must reimburse BNSF in full for the actual costs of any flagging or other work performed by BNSF in connection with any Agency Work. Agency agrees to reimburse BNSF for work of an emergency nature caused by Agency or Agency's contractor in connection with the Agency Work which BNSF deems is reasonably necessary for the immediate restoration of railroad operations, or for the protection of persons or BNSF property. Such work may be performed by BNSF without prior approval of Agency and Agency agrees to fully reimburse BNSF for all such emergency work. Section 6 Taxes and Recording Fees. Grantee shall pay when due any taxes, assessments or other charges (collectively, "Taxes ") levied or assessed upon the Improvements by any governmental or quasi - governmental body or any Taxes levied or assessed against Grantor or the Premises that are attributable to the Improvements. Grantee agrees to purchase, affix and cancel any and all documentary stamps in the amount prescribed by statute, and to pay any and all required transfer taxes, excise taxes and any and all fees incidental to recordation of the Memorandum of Easement. In the event of Grantee's failure to do so, if Grantor shall become obligated to do so, Grantee shall be liable for all costs, expenses and judgments to or against Grantor, including all of Grantor's legal fees and expenses. Section 7 Joint Use Agreement. The parties hereto agree that the provisions of Articles VI, VII and VIII of the Joint Use Agreement are hereby incorporated herein by reference. Section 8 Default and Termination. A. An "Event of Default" by Agency shall have occurred hereunder if any of the following shall occur: (i) if Agency violates any safety provision contained in this Agreement which Agency fails to cure within 30 days of receipt of written notice by BNSF to Agency, which period shall be extended as may be reasonably required to effect a cure; 515373.2 Fridley Underpass Easement 5 (ii) if Agency fails to pay monetary payment hereunder when due or fails to perform any other obligations under this Agreement and (i) as to monetary payments, such failure continues thirty (30) days after written notice from BNSF to Agency of Agency's failure to make such payment, or (ii) as to non - monetary obligations under this Agreement, such failure continues thirty (30) days (or such period as may be reasonably required to effect a cure) after written notice from BNSF to Agency of Agency's failure to perform such obligations; if the Premises is permanently abandoned or vacated by Agency; or (iv) if the Joint Use Agreement is terminated. B. In the event of an Event of Default as provided above, BNSF may, at its option, (i) terminate this Agreement by serving one (1) year's notice in writing upon Agency (except in the event of (iv) above in which no additional notice shall be required), in which event Agency shall immediately following the first anniversary of receipt of such notice surrender possession of the Premises to BNSF, without prejudice to any claim for arrears of rent or breach of covenant, (ii) proceed by alternative dispute resoliution ( "ADR ") or appropriate judicial proceedings, either at law or in equity, to enforce performance or observance by Agency of the applicable provisions of this Agreement or to recover damages for a breach thereof, or (iii) cure the default by making any such payment or performing any such obligation, as applicable, at Agency's sole expense, without waiving or releasing Agency from any obligation. In the event of termination of the Joint Use Agreement, BNSF may (i) immediately terminate this Agreement by notice in writing upon Agency, in which event Agency shall immediately surrender possession of the Premises to BNSF, without prejudice to any claim for arrears of rent or breach of covenant, (ii) proceed by ADR or appropriate judicial proceedings, either at law or in equity, to enforce performance or observance by Agency of the applicable provisions of this Agreement or to recover damages for a breach thereof, or (iii) cure the default by making any such payment or performing any such obligation, as applicable, at Agency's sole expense, without waiving or releasing Agency from any obligation. The foregoing rights and remedies given to BNSF are and shall be deemed to be cumulative and the exercise of any of them shall not be deemed to be an election excluding the exercise by BNSF at any time of a different or inconsistent remedy. If, on account of breach or default by Agency of any of Agency's obligations hereunder, it shall become necessary for the BNSF to employ an attorney to enforce or defend any of BNSF's rights or remedies hereunder, then, in any such event, any reasonable amount incurred by BNSF for attorneys' fees shall be paid by Agency. Any waiver by BNSF of any default or defaults of this Agreement or any delay of BNSF in enforcing any remedy set forth herein shall not constitute a waiver of the right to pursue any remedy at a later date or terminate this Agreement for any subsequent default or defaults, nor shall any such waiver in any way affect BNSF 's ability to enforce any Section of this Agreement. The remedies set forth in this Section shall be in addition to, and not in limitation of, any other remedies that BNSF may have at law or in equity, and the applicable statutory period for the enforcement of a remedy will not commence until BNSF has actual knowledge of a breach or default and BNSF has provided to Agency written notice of such breach or default. Section 9 Surrender of Premises. 9.1 Removal of Improvements and Restoration. Upon termination of this Agreement, whether by abandonment of the Easement or by the exercise of Grantor's termination rights hereunder, Grantee shall, at its sole cost and expense, immediately perform the following: (a) remove all or such portion of Grantee's Improvements and all appurtenances thereto from the Premises, as Grantor directs at Grantor's sole but reasonable discretion; (b) repair and restore any damage to the Premises arising from, growing out of, or connected with Grantee's use of the Premises; 515373.2 Fridley Underpass Easement 6 (c) remedy any unsafe conditions on the Premises created or aggravated by Grantee; and (d) leave the Premises in the condition which existed as of the Effective Date. 9.2 Limited License for Entry. If this Agreement is terminated, Grantor may direct Grantee to undertake one or more of the actions set forth above, at Grantee's sole cost, in which case Grantee shall have a limited license to enter upon the Premises to the extent necessary to undertake the actions directed by Grantor. The terms of this limited license include all of Grantee's obligations under this Agreement. Termination will not release Grantee from any liability or obligation under this Agreement, whether of indemnity or otherwise, resulting from any acts, omissions or events happening prior to the date of termination, or, if later, the date when Grantee's Improvements are removed and the Premises are restored to the condition that existed as of the Effective Date. If Grantee fails to surrender the Premises to Grantor upon any termination of the Easement, all liabilities and obligations of Grantee hereunder shall continue in effect until the Premises are surrendered. Section 10 Liens. Grantee shall promptly pay and discharge any and all liens arising out of any construction, alterations or repairs done, suffered or permitted to be done by Grantee on the Premises or attributable to Taxes that are the responsibility of Grantee pursuant to Section 6. Grantor is hereby authorized to post any notices or take any other action upon or with respect to the Premises that is or may be permitted by Law to prevent the attachment of any such liens to any portion of the Premises; provided, however, that failure of Grantor to take any such action shall not relieve Grantee of any obligation or liability under this Section 10 or any other section of this Agreement. Section 11 Notices. Any notice provided for herein or concerning this Agreement must be in writing and will be deemed sufficiently given when sent in the manner set forth in the Joint Use Agreement. Section 12 Assignment/Subletting. Agency may assign its interest in the Premises and this Agreement only as permitted in the Joint Use Agreement. However, Agency may sublet all or a part of the Premises to another governmental entity for the purpose of providing pedestrian access but no such sublease shall affect Agency's obligations or liabilities under this Agreement or the Joint Use Agreement with respect to the Premises. Section 13 Recordation. It is understood and agreed that this Agreement shall not be in recordable form and shall not be placed on public record and any such recording shall be a breach of this Agreement. Grantor and Grantee shall execute a Memorandum of Easement in the form attached hereto as Exhibit "B" (the "Memorandum of Easement ") subject to changes required, if any, to conform such form to local recording requirements. The Memorandum of Easement shall be recorded in the real estate records in the county where the Premises are located. Section 14 Miscellaneous. 14.1 All questions concerning the interpretation or application of provisions of this Agreement shall be decided according to the substantive Laws of the State of Minnesota without regard to conflicts of law provisions. 14.2 In the event that Grantee consists of two or more parties, all the covenants and agreements of Grantee herein contained shall be the joint and several covenants and agreements of such parties. This instrument and all of the terms, covenants and provisions hereof shall inure to the benefit of and be binding upon each of the parties hereto and their respective legal representatives, successors and assigns and shall run with and be binding upon the Premises. 14.3 If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party or parties shall be entitled to reasonable attorneys' fees, costs and necessary disbursements in addition to any other relief to which such party or parties may be entitled. 14.4 If any provision of this Agreement is held to be illegal, invalid or unenforceable under 515373.2 Fridley Underpass Easement 7 present or future Laws, such provision will be fully severable and this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision is not a part hereof, and the remaining provisions hereof will remain in full force and effect. In lieu of any illegal, invalid or unenforceable provision herein, there will be added automatically as a part of this Agreement a provision as similar in its terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable. 14.5 This Agreement and the agreements referenced in the recitals are the full and complete agreement between Grantor and Grantee with respect to all matters relating to Grantee's use of the Premises, and (except for the agreements referenced in the recitals) supersedes any and all other agreements between the parties hereto relating to Grantee's use of the Premises as described herein. However, nothing herein is intended to terminate any surviving obligation of Grantee or Grantee's obligation to defend and hold Grantor harmless in any prior written agreement between the parties. 14.6 Neither termination nor expiration of this Agreement will release either party from any liability or obligation under this Agreement, whether of indemnity or otherwise, resulting from any acts, omissions or events happening prior to the date of termination or expiration. 14.7 The waiver by BNSF of the breach of any provision herein by Agency shall in no way impair the right of BNSF to enforce that provision for any subsequent breach thereof. All remedies provided hereunder are cumulative and are in addition to all other remedies available at law or in equity. 14.8 Whenever in this Agreement BNSF's consent or approval is required, such consent or approval shall be in BNSF's sole but reasonable discretion. 14.9 In the event a conflict arises due to such consent or approval (or lack of either), or in the event of any other conflict hereunder, the parties hereto agree to submit such conflict to the alternative dispute resolution procedures set forth in the Joint Use Agreement. 14.10. The captions are inserted only as a matter of convenience and for reference, and in no way define, limit or describe the scope of this Agreement nor the intent of any provision thereof. 14.11. All provisions contained in this Agreement shall be binding upon, inure to the benefit of, and be enforceable by the respective successors and assigns of BNSF and Agency to the same extent as if each such successor and assign was named a party to this Agreement. 14.12. Except as may be elsewhere specifically provided in this Agreement, if either party is delayed or hindered in, or prevented from the performance required under this Agreement (except for payment of monetary obligations) by reason of earthquakes, landslides, strikes, lockouts, labor troubles, failure of power, riots, insurrection, war, acts of God or other reason of the like nature not the fault of the party delayed in performance of its obligation, such party is excused from such performance for the period of delay. The period for the performance of any such act will then be extended for the period of such delay. 14.13 This Agreement may be executed in multiple counterparts, each of which shall, for all purposes, be deemed an original. but which together shall constitute one and the same instrument, and the signature pages from any counterpart may be appended to any other counterpart to assemble fully executed documents, and counterparts of this Agreement may also be exchanged via electronic facsimile machines and any electronic facsimile of any party's signature shall be deemed to be an original signature for all purposes. 14.14. Notwithstanding anything else herein to the contrary, neither party hereto shall be construed or held, by virtue of this Agreement, to be the agent, partner, joint venturer, or associate of the other party hereto, it being expressly understood and agreed that the relationship between the parties hereto is and at all times during the Term of this Agreement, shall remain that of BNSF and Agency. 14.15. BNSF shall have the right to transfer and assign, in whole or in part, all of its rights and obligations under this Agreement and in the Premises only to the transferee of its rights and obligations 515373.2 Fridley Underpass Easement 8 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and attested by its duly qualified and authorized officials as of the day and year first above written. BNSF RAILWAY COMPANY By: Printed Name: Title: AGENCY METROPOLITAN COUNCIL By: Printed Name: _ Title: WITNESS: Exhibit A s CONSTRUCT EAST TUNNEL SECTIONS APPROXIMATELY 110' C= ------------------ - - - - -- --- ----- - - - - -. - ------- -- - - - - -- ���L, _ _ Material Yd Lead ........... : PULLBACK t MT-1 PH MT -2 -1 -------------------------- Northstar to construct platfbrm 130 foot shoot pile wall To protect track area for future CONSTRUCT U Construction of tunnel lower level WEST TUNNEL V 0 Adjacent to the tracks SECTIONS T Ly . .. . .. APPROXIMATELY 701 3N11 ----------- ------------ - — 7r--= rr EXHIBIT "B" Memorandum of Easement THIS MEMORANDUM OF EASEMENT is hereby executed this _ day of , 20_, by and between BNSF RAILWAY COMPANY, a Delaware corporation ( "Grantor"), whose address for purposes of this instrument is 2500 Lou Menk Drive, Fort Worth, Texas 76131, and The Metropolitan Council, a public corporation and political subdivision of the State of Minnesota ( "Grantee "), whose address for purposes of this instrument is , which terms "Grantor" and "Grantee" shall include, wherever the context permits or requires, singular or plural, and the heirs, legal representatives, successors and assigns of the respective parties: WITNESSETH: WHEREAS, Grantor owns or controls certain real property situated in Anoka County, Minnesota as described on Exhibit "A -1" attached hereto and incorporated herein by reference (the "Premises'); WHEREAS, Grantor and Grantee entered into an Easement Agreement, dated (the "Easement Agreement") which set forth, among other things, the terms of an easement granted by Grantor to Grantee over and across the Premises (the "Easement "); and WHEREAS, Grantor and Grantee desire to memorialize the terms and conditions of the Easement Agreement of record. For valuable consideration the receipt and sufficiency of which are hereby acknowledged, Grantor does grant unto Grantee and Grantee does hereby accept from Grantor the Easement over and across the Premises. The term of the Easement, unless sooner terminated under provisions of the Easement Agreement, shall be perpetual. Provisions regulating the use and purposes to which the Easement shall be limited, are set forth in detail in the Easement Agreement and Grantor and Grantee agree to abide by the terms of the Easement Agreement. All the terms, conditions, provisions and covenants of the Easement Agreement are incorporated herein by this reference for all purposes as though written out at length herein, and both the Easement Agreement and this Memorandum of Easement shall be deemed to constitute a single instrument or document. This Memorandum of Easement is not intended to amend, modify, supplement, or supersede any of the provisions of the Easement Agreement and, to the extent there may be any conflict or inconsistency between the Easement Agreement or this Memorandum of Easement, the Easement Agreement shall control. [Signature page follows] Form 0106 Rev. 06/01/05 IN WITNESS WHEREOF, Grantor and Grantee have executed this Memorandum of Easement to as of the date and year first above written. STATE OF COUNTY OF GRANTOR: BNSF RAILWAY COMPANY, a Delaware corporation By: Name: Title: GRANTEE: The Metropolitan Council, a public corporation and political subdivision of the State of Minnesota By: Name: Title: This instrument was acknowledged before me on the — day of 200_, by (name) as (title) of BNSF RAILWAY COMPANY, a Delaware corporation. STATE OF COUNTY OF Notary Public (Seal) My appointment expires: This instrument was acknowledged before me on the _ day of , 200_, by as of The Metropolitan Council, a public corporation and political subdivision of the State of Minnesota. Notary Public (Seal) By: Name: Title: Form 0106 Rev. 06 /01/05 Exhibit C EXMBIT C CONTRACTOR REQUIREMENTS 1.01 General 1.01.01 The Contractor must cooperate with BNSF RAILWAY COMPANY, hereinafter referred to as "Railway" where work is over or under on or adjacent to Railway property and/or right -of -way, hereafter referred to as "Railway Property", during the construction of the Commuter Service Platform and related improvements. 1.01.02 The Contractor must execute and deliver to the Railway duplicate copies of the Exhibit "C -1" Agreement, in the form attached hereto, obligating the Contractor to provide and maintain in full force and effect the insurance called for under Section 3 of said Exhibit "C -1 ". Questions regarding procurement of the Railroad Protective Liability Insurance should be directed to Rosa Martinez at Marsh, USA, 214-303 -8519. 1.01.03 The Contractor must plan, schedule and conduct all work activities so as not to interfere with the movement of any trains on Railway Property. 1.01.04 The Contractor's right to enter Railway's Property is subject to the absolute right of Railway to cause the Contractor's work on Railway's Property to cease if, in the opinion of Railway, Contractor's activities create a hazard to Railway's Property, employees, and/or operations. 1.01.05 The Contractor is responsible for determining and complying with all Federal, State and Local Governmental laws and regulations, including, but not limited to environmental laws and regulations (including but not limited to the Resource Conservation and Recovery Act, as amended; the Clean Water Act, the Oil Pollution Act, the Hazardous Materials Transportation Act, CERCLA), and health and safety laws and regulations. The Contractor hereby indemnifies, defends and holds harmless Railway for, from and against all fines or penalties imposed or assessed by Federal, State and Local Governmental Agencies against the Railway which arise out of Contractor's work under this Agreement. 1.01.06 The Contractor must notify the (Agency) at and Railway's Manager Public Agency Works, telephone number L_)_at least thirty (30) calendar days before commencing any work on Railway Property. Contractors notification to Railway, must refer to Railroad's file 1.01.07 For any falsework above any tracks or any excavations located, whichever is greater, within twenty -five (25) feet of the nearest track or intersecting a slope from the plane of the top of rail on a 1 '/z horizontal to 1 vertical slope beginning at eleven (11) feet from centerline of the nearest track, both measured perpendicular to center line of track, the Contractor must furnish the Railway five sets of working drawings showing details of construction affecting Railway Property and tracks. The working drawing must include the proposed method of installation and removal of falsework, shoring or cribbing, not included in the Specifications and two sets of structural calculations of any falsework, shoring or cribbing. All calculations must take into consideration railway surcharge loading and must be designed to meet American Railway Engineering and Maintenance -of -Way Association (previously known as American Railway Engineering Association) Coopers E -80 live loading standard. All drawings and calculations must be stamped by a registered professional engineer licensed to practice in the state the Agency Work is located. The Contractor must not begin work until notified by the Railway that the Specifications have been approved. The Contractor will be required to use lifting devices such as, cranes and/or winches to place or to remove any falsework over Railway's tracks. In no case will the Contractor be relieved of responsibility for results obtained by the implementation of said approved Specifications. 1.01.08 Subject to the movement of Railway's trains, Railway will cooperate with the Contractor such that the work may be handled and performed in an efficient manner. The Contractor will have no claim whatsoever for any type of damages or for extra or additional compensation in the event his work is delayed by the Railway. Form 0106 Rev. 06/01/05 1.02 Contractor Safety Orientation 1.02.01 No employee of the Contractor, Its subcontractors, agents or invitees may enter Railway Property without first having completed Railway's Engineering Contractor Safety Orientation, found on the web site www.contractororientation.com. The Contractor must ensure that each of its employees, subcontractors, agents or invitees completes Railway's Engineering Contractor Safety Orientation through internet sessions before any work is performed on the Agency Work. Additionally, the Contractor must ensure that each and every one of its employees, subcontractors, agents or invitees possesses a card certifying completion of the Railway Contractor Safety Orientation before en tering Railway Property. The Contractor is responsible for the cost of the Railway Contractor Safety Orientation. The Contractor must renew the Railway Contractor Safety Orientation annually. Further clarification can be found on the web site or from the Railway's Representative. 1.03 Railway Requirements 1.03.01 The Contractor must take protective measures as are necessary to keep railway facilities, including track ballast, free of sand, debris, and other foreign objects and materials resulting from his operations. Any damage to railway facilities resulting from Contractor's operations will be repaired or replaced by Railway and the cost of such repairs or replacement must be paid for by the Agency. 1.03.02 The Contractor must notify the Railway's Division Superintendent at and provide blasting plans to the Railway for review seven (7) calendar days prior to conducting any blasting operations adjacent to or on Railway's Property. 1.03.03 The Contractor must abide by the following temporary clearances during construction: 15' Horizontally from centerline of nearest track 21' -6" Vertically above top of rail 27' -0" Vertically above top of rail for electric wires carrying less than 750 volts 28' -0" Vertically above top of rail for electric wires carrying 750 volts to 15,000 volts 30' -0" Vertically above top of rail for electric wires carrying 15,000 volts to 20,000 volts 34' -0" Vertically above top of rail for electric wires carrying more than 20,000 volts 1.03.04 Upon completion of construction, the following clearances shall be maintained: 25' Horizontally from centerline of nearest track 23' -3 W Vertically above top of rail 1.03.05 Any infringement within State statutory clearances due to the Contractor's operations must be submitted to the Railway and to the (Agency) and must not be undertaken until approved in writing by the Railway, and until the (Agency) has obtained any necessary authorization from the State Regulatory Authority for the infringement. No extra compensation will be allowed in the event the Contractor's work is delayed pending Railway approval, and/or the State Regulatory Authority's approval. 1.03.06 In the case of impaired vertical clearance above top of rail, Railway will have the option of installing tell -tales or other protective devices Railway deems necessary for protection of Railway operations. The cost of tell -tales or protective devices will be borne by the Agency. 1.03.07 The details of construction affecting the Railway's Property and tracks not included in the contract Specifications must be submitted to the Railway by (Agency) for approval before work is undertaken and this work must not be undertaken until approved by the Railway. 1.03.08 At other than public road crossings, the Contractor must not move any equipment or materials across Railway's tracks until permission has been obtained from the Railway. The Contractor must obtain a "Temporary Private Crossing Agreement" from the Railway prior to moving his equipment or materials across the Railways tracks. The temporary crossing must be gated and locked at all times when not required for use by the Contractor. The temporary crossing for use of the Contractor will be at the expense of the Contractor. Form 0106 Rev. 06 /01/05 1.03.09 Discharge, release or spill on the Railway Property of any hazardous substances, oil, petroleum, constituents, pollutants, contaminants, or any hazardous waste is prohibited and Contractor must immediately notify the Railway's Resource Operations Center at 1(800) 832 -5452, of any discharge, release or spills in excess of a reportable quantity. Contractor must not allow Railway Property to become a treatment, storage or transfer facility as those terms are defined in the Resource Conservation and Recovery Act or any state analogue. 1.03.10 The Contractor upon completion of the work covered by this contract, must promptly remove from the Railway's Property all of Contractor's tools, equipment, implements and other materials, whether brought upon said property by said Contractor or any Subcontractor, employee or agent of Contractor or of any Subcontractor, and must cause Railway's Property to be left in a condition acceptable to the Railway's representative. 1.04 Contractor Roadway Worker on Track Safety Program and Safety Action Plan 1.04.01 Each Contractor that will perform work within 25 feet of the centerline of a track must develop and implement a Roadway Worker Protection /On Track Safety Program and work with Railway Agency Work Representative to develop an on track safety strategy as described in the guidelines listed in the on track safety portion of the Safety Orientation. This Program must provide Roadway Worker protection/on track training for all employees of the Contractor, its subcontractors, agents or invitees. This training is reinforced at the job site through job safety briefings. Additionally, each Contractor must develop and implement the Safety Action Plan, as provided for on the web site www contractororientation.com, which will be made available to Railway prior to commencement of any work on Railway Property. During the performance of work, the Contractor must audit its work activities. The Contractor must designate an on -site Agency Work Supervisor who will serve as the contact person for the Railway and who will maintain a copy of the Safety Action Plan, safety audits, and Material Safety Datasheets (MSDS), at the job site. 1.05 Protection of Railway Facilities and Railway Flagger Services: 1.05.01 The Contractor must give Railway's Roadmaster (telephone , a minimum of thirty (30) calendar days advance notice when flagging services will be required so that the Roadmaster can make appropriate arrangements (i.e., bulletin the flagger's position). If flagging services are scheduled in advance by the Contractor and it is subsequently determined by the parties hereto that such services are no longer necessary, the Contractor must give the Roadmaster five (5) working days advance notice so that appropriate arrangements can be made to abolish the position pursuant to union requirements. 1.05.02 Unless determined otherwise by Railway's Agency Work Representative, Railway flagger and protective services and devices will be required and furnished when Contractor's work activities are located over, under and/or within twenty-five (25) feet measured horizontally from centerline of the nearest track and when cranes or similar equipment positioned beyond 25 -feet from the track centerline could foul the track in the event of tip over or other catastrophic occurrence, but not limited thereto for the following conditions: 1.05.02a When in the opinion of the Railway's Representative it is necessary to safeguard Railway's Property, employees, trains, engines and facilities. 1.05.02b When any excavation is performed below the bottom of tie elevation, if, in the opinion of Railway's representative, track or other Railway facilities may be subject to movement or settlement. 1.05.02c When work in any way interferes with the safe operation of trains at timetable speeds. 1.05.02d When any hazard is presented to Railway track, communications, signal, electrical, or other facilities either due to persons, material, equipment or blasting in the vicinity. 1.05.02e Special permission must be obtained from the Railway before moving heavy or cumbersome objects or equipment which might result in making the track impassable. 1.05.03 Flagging services will be performed by qualified Railway flaggers. 1.05.03a Flagging crew generally consists of one employee. However, additional personnel may be required to protect Railway Property and operations, if deemed necessary by the Railways Representative. Form 0106 Rev. 06/01/05 1.05.03b Each time a flagger is called, the minimum period for billing will be the eight (8) hour basic day 1.05.03c The cost of flagger services provided by the Railway, when deemed necessary by the Railway's representative, will be borne by the (Aeen y) . The estimated cost for one (1) flagger is $800.00 for an eight (8) hour basic day with time and one -half or double time for overtime, rest days and holidays. The estimated cost for each flagger includes vacation allowance, paid holidays, Railway and unemployment insurance, public liability and property damage insurance, health and welfare benefits, transportation, meals, lodging and supervision. Negotiations for Railway labor or collective bargaining agreements and rate changes authorized by appropriate Federal authorities may increase actual or estimated flagging rates. The flagging rate in effect at the time of performance by the Contractor hereunder will be used to calculate the actual costs of flagging pursuant to this paragraph. 1.05.03d The average train traffic on this route is freight trains per 24 -hour period at a timetable speed MPH and passenger trains at a timetable speed of MPH. 1.06 Contractor General Safety Requirements 1.06.01 Work in the proximity of railway track(s) is potentially hazardous where movement of trains and equipment can occur at any time and in any direction. All work performed by contractors within 25 feet of any track must be in compliance with FRA Roadway Worker Protection Regulations. 1.06.02 Before beginning any task on Railway Property, a thorough job safety briefing must be conducted with all personnel involved with the task and repeated when the personnel or task changes. If the task is within 25 feet of any track, the job briefing must include the Railway's flagger, as applicable, and include the procedures the Contractor will use to protect its employees, subcontractors, agents or invitees from moving any equipment adjacent to or across any Railway track(s). 1.06.03 Workers must not work within 25 feet of the centerline of any track without an on track safety strategy approved by the Railway's Agency Work Representative. When authority is provided, every contractor employee must know: (1) who the Railway flagger is, and how to contact the flagger,. (2) limits of the authority, (3) the method of communication to stop and resume work, and (4) location of the designated places of safety. Persons or equipment entering flag/work limits that were not previously job briefed, must notify the flagger immediately, and be given a job briefing when working within 25 feet of the center line of track. 1.06.04 When Contractor employees are required to work on the Railway Property after normal working hours or on weekends, the Railroad's representative in charge of the Agency Work must be notified. A minimum of two employees must be present at all times. 1.06.05 Any employees, agents or invitees of Contractor or its subcontractors under suspicion of being under the influence of drugs or alcohol, or in the possession of same, will be removed from the Railway's Property and subsequently released to the custody of a representative of Contractor management. Future access to the Railway's Property by that employee will be denied. 1.06.06 Any damage to Railway Property, or any hazard noticed on passing trains must be reported immediately to the Railway's representative in charge of the Agency Work. Any vehicle or machine which may come in contact with track, signal equipment, or structure (bridge) and could result in a train derailment must be reported immediately to the Railway representative in charge of the Agency Work and to the Railway's Resource Operations Center at 1(800) 832 -5452. Local emergency numbers are to be obtained from the Railway representative in charge of the Agency Work prior to the start of any work and must be posted at the job site. 1.06.07 For safety reasons, all persons are prohibited from having pocket knives, firearms or other deadly weapons in their possession while working on Railway's Property. 1.06.08 All personnel protective equipment (PPE) used on Railway Property must meet applicable OSHA and ANSI specifications. Current Railway personnel protective equipment requirements are listed on the web site, www.contractororientation.com however, a partial list of the requirements include: a) safety glasses with Form 0106 Rev. 06/01/05 permanently affixed side shields (no yellow lenses); b) hard hats c) safety shoe with: hardened toes, above - the -ankle lace -up and a defined heel; and d) high visibility retro- reflective work wear. The Railroad's representative in charge of the Agency Work is to be contacted regarding local specifications for meeting requirements relating to hi- visability work wear. Hearing protection, fall protection, gloves, and respirators must be worn as required by State and Federal regulations. (NOTE — Should there be a discrelDanclr between the information contained on the web site and the information in this paragraph the web site will govern. 1.06.09 THE CONTRACTOR MUST NOT PILE OR STORE ANY MATERIALS, MACHINERY OR EQUIPMENT CLOSER THAN 25' -0" TO THE CENTER LINE OF THE NEAREST RAILWAY TRACY— MATERIALS, MACHINERY OR EQUIPMENT MUST NOT BE STORED OR LEFT WITHIN 250 FEET OF ANY HIGHWAY/RAIL AT -GRADE CROSSINGS, WHERE STORAGE OF THE SAME WILL OBSTRUCT THE TRAT SESTABLISH I�RINBEGINNING WORK, E CONTRCTOR MUST ASTORAGEAREAWITH CONCURRENCE F THE RAILROAD'S REPRESENTATIVE. 1.06.10 Machines or vehicles must not be left unattended with the engine running. Parked machines or equipment must be in gear with brakes set and if equipped with blade, pan or bucket, they must be lowered to the ground. All machinery and equipment left unattended on Railway's Property must be left inoperable and secured against movement. (See internet Engineering Contractor Safety Orientation program for more detailed specifications) 1.06.11 Workers must not create and leave any conditions at the work site that would interfere with water drainage. Any work performed over water must meet all Federal, State and Local regulations. 1.06.12 All power line wires must be considered dangerous and of high voltage unless informed to the contrary by proper authority. For all power lines the minimum clearance between the lines and any part of the equipment or load must be; 200 KV or below - 15 feet; 200 to 350 KV - 20 feet; 350 to 500 KV - 25 feet; 500 to 750 KV - 35 feet; and 750 to 1000 KV - 45 feet. If capacity of the line is not known, a minimum clearance of 45 feet must be maintained. A person must be designated to observe clearance of the equipment and give a timely warning for all operations where it is difficult for an operator to maintain the desired clearance by visual means. 1.07 Excavation 1.07.01 Before excavating, the Contractor must determine whether any underground pipe lines, electric wires, or cables, including fiber optic cable systems are present and located within the Agency Work work area. The Contractor must determine whether excavation on Railway's Property could cause damage to buried cables resulting in delay to Railway traffic and disruption of service to users. Delays and disruptions to service may cause business interruptions involving loss of revenue and profits. Before commencing excavation, the Contractor must contact BNSF's Field Engineering Representative (_Mark Gjevre ).All underground and overhead wires will be considered HIGH VOLTAGE and dangerous until verified with the company having ownership of the line. It is the Contractor's responsibility to notify any other companies that have underground utilities in the area and arrange for the location of all underground utilities before excavating. 1.07.02 The Contractor must cease all work and notify the Railway immediately before continuing excavation in the area if obstructions are encountered which do not appear on drawings. If the obstruction is a utility and the owner of the utility can be identified, then the Contractor must also notify the owner immediately. If there is any doubt about the location of underground cables or lines of any kind, no work must be performed until the exact location has been determined. There will be no exceptions to these instructions. 1.07.03 All excavations must be conducted in compliance with applicable OSHA regulations and, regardless of depth, must be shored where there is any danger to tracks, structures or personnel. 1.07.04 Any excavations, holes or trenches on the Railway's Property must be covered, guarded and/or protected when not being worked on. When leaving work site areas at night and over weekends, the areas must be secured and left in a condition that will ensure that Railway employees and other personnel who may be working or passing through the area are protected from all hazards. All excavations must be back filled as soon as possible. 1.08 Hazardous Waste, Substances and Material Reporting Form 0106 Rev. 06 /01/05 1.08.01 If Contractor discovers any hazardous waste, hazardous substance, petroleum or other deleterious material, including but not limited to any non - containerized commodity or material, on or adjacent to Railway's Property, in or near any surface water, swamp, wetlands or waterways, while performing any work under this Agreement, Contractor must immediately: (a) notify the Railway's Resource Operations Center at 1(800) 832 -5452, of such discovery: (b) take safeguards necessary to protect its employees, subcontractors, agents and/or third parties: and (c) exercise due care with respect to the release, including the taking of any appropriate measure to minimize the impact of such release. 1.09 Personal Injury Reporting 1.09.01 The Railway is required to report certain injuries as a part of compliance with Federal Railroad Administration (FRA) reporting requirements. Any personal injury sustained by an employee of the Contractor, subcontractor or Contractor's invitees while on the Railway's Property must be reported immediately (by phone mail if unable to contact in person) to the Railway's representative in charge of the Agency Work. The Non - Employee Personal Injury Data Collection Form contained herein is to be completed and sent by Fax to the Railway at 1(817) 352 -7595 and to the Railway's Agency Work Representative no later than the close of shift on the date of the injury. Form 0106 Rev. 06/01/05 NON - EMPLOYEE PERSONAL INJURY DATA COLLECTION INFORMATION REQUIRED TO BE COLLECTED PURSUANT TO FEDERAL REGULATION. IT SHOULD BE USED FOR COMPLIANCE WITH FEDERAL REGULATIONS ONLY AND IS NOT INTENDED TO PRESUME ACCEPTANCE OF RESPONSIBILITY OR LIABILITY• 1. Accident City /St County: (if non - Railway location) 5. Social Security # 6. Name (last, first, mi) 7. Address: Street: _ 8. Date of Birth: and/or Age n /�\ T..:..nc . 2. Date: Time: 3. Temperature: 4. Weather City: Gender: (if available) (b) Body Part: (i.e. (a) Laceration (b) Hand) 11. Description of Accident (To include location, action, result, etc.): 12. Treatment: ? First Aid Only ? Required Medical Treatment ? Other Medical Treatment 13. Dr. Name 14. Dr. Address: Street: City: 15. Hospital Name: 16. Hospital Address: Street: City: 17. Diagnosis: FAX TO RAILWAY AT (817) 352 -7595 AND COPY TO RAILWAY ROADMASTER FAX St. Zip: 30. Date: St: Zip: St: Zip: Form 0106 Rev. 06/01/05 EXHIBIT C -1 Agreement Between BNSF RAILWAY COMPANY and the CONTRACTOR BNSF RAILWAY COMPANY Attention: Manager Public Agency Works Railway File: Agency Agency Work: Gentlemen: The undersigned (hereinafter called, the "Contractor "), has entered into a contract (the "Contract ") dated 200, ( ** *Drafter's Note: insert the date of the contract between the Agency and the Contractor here) with (Drafter's Note: insert the name of the Agency herelfor the performance of certain work in connection with the following Agency Work Performance of such work will necessarily require contractor to enter BNSF RAILWAY COMPANY ( "Railway ") right of way and property ( "Railway Property"). The Contract provides that no work will be commenced within Railway Property until the Contractor employed in connection with said work for linsert Agency name here] (i) executes and delivers to Railway an Agreement in the form hereof, and (ii) provides insurance of the coverage and limits specified in such Agreement and Section 3 herein. If this Agreement is executed by a party who is not the Owner, General Partner, President or Vice President of Contractor, Contractor must furnish evidence to Railway certifying that the signatory is empowered to execute this Agreement on behalf of Contractor. Accordingly, in consideration of Railway granting permission to Contractor to enter upon Railway Property and as an inducement for such entry, Contractor, effective on the date of the Contract, has agreed and does hereby agree with Railway as follows: Section 1. RELEASE OF LIABILITY AND INDEMNITY Contractor hereby waives, releases, indemnifies, defends and holds harmless Railway for all judgments, awards, claims, demands, and expenses (including attorneys' fees), for injury or death to all persons, including Railway's and Contractor's officers and employees, and for loss and damage to property belonging to any person, arising in any manner from Contractor's or any of Contractor's subcontractors' acts or omissions or any work performed on or about Railway's property or right -of -way. THE LIABILITY ASSUMED BY CONTRACTOR WILL NOT BE AFFECTED BY THE FACT, IF IT IS A FACT, THAT THE DESTRUCTION, DAMAGE, DEATH, OR INJURY WAS OCCASIONED BY OR CONTRIBUTED TO BY THE NEGLIGENCE OF RAILWAY, ITS AGENTS, SERVANTS, EMPLOYEES OR OTHERWISE, EXCEPT TO THE EXTENT THAT SUCH CLAIMS ARE PROXIMATELY CAUSED BY THE INTENTIONAL MISCONDUCT OR GROSS NEGLIGENCE OF RAILWAY. THE INDEMNIFICATION OBLIGATION ASSUMED BY CONTRACTOR INCLUDES ANY CLAIMS, SUITS OR JUDGMENTS BROUGHT AGAINST RAILWAY UNDER THE FEDERAL EMPLOYEE'S LIABILITY ACT, INCLUDING CLAIMS FOR STRICT LIABILITY UNDER THE SAFETY APPLIANCE ACT OR THE BOILER INSPECTION ACT, WHENEVER SO CLAIMED. Contractor further agrees, at its expense, in the name and on behalf of Railway, that it will adjust and settle all claims made against Railway, and will, at Railway's discretion, appear and defend any suits or actions of law or in equity brought against Railway on any claim or cause of action arising or growing out of or in any manner connected with any liability assumed by Contractor under this Agreement for which Railway is liable or is alleged to be liable. Railway will give notice to Contractor, in writing, of the receipt or dependency of such claims and thereupon Contractor must proceed to adjust and handle to a conclusion such claims, and in the event of a suit being Form 0106 Rev. 06 /01/05 brought against Railway, Railway may forward summons and complaint or other process in connection therewith to Contractor, and Contractor, at Railway's discretion, must defend, adjust, or settle such suits and protect, indemnify, and save harmless Railway from and against all damages, judgments, decrees, attorney's fees, costs, and expenses growing out of or resulting from or incident to any such claims or suits. It is mutually understood and agreed that the assumption of liabilities and indemnification provided for in this Agreement survive any termination of this Agreement. Section 2. TERM This Agreement is effective from the date of the Contract until (i) the completion of the Agency Work set forth herein, and (ii) full and complete payment to Railway of any and all sums or other amounts owing and due hereunder. Section 3. INSURANCE Contractor must, at its sole cost and expense, procure and maintain during the life of this Agreement the following insurance coverage: A. Commercial General Liability insurance. This insurance must contain broad form contractual liability with a combined single limit of a minimum of $2,000,000 each occurrence and an aggregate limit of at least $4,000,000. Coverage must be purchased on a post 1998 ISO occurrence form or equivalent and include coverage for, but not limit to the following: ♦ Bodily Injury and Property Damage ♦ Personal Injury and Advertising Injury ♦ Fire legal liability ♦ Products and completed operations This policy must also contain the following endorsements, which must be indicated on the certificate of insurance: ♦ It is agreed that any workers' compensation exclusion does not apply to Railroad payments related to the Federal Employers Liability Act or a Railroad Wage Continuation Program or similar programs and any payments made are deemed not to be either payments made or obligations assumed under any Workers Compensation, disability benefits, or unemployment compensation law or similar law. ♦ The definition of insured contract must be amended to remove any exclusion or other limitation for any work being done within 50 feet of railroad property. ♦ Any exclusions related to the explosion, collapse and underground hazards must be removed. No other endorsements limiting coverage as respects obligations under this Agreement may be included on the policy. B. Business Automobile Insurance. This insurance must contain a combined single limit of at least $1,000,000 per occurrence, and include coverage for, but not limited to the following: ♦ Bodily injury and property damage ♦ Any and all vehicles owned, used or hired C. Workers Compensation and Employers Liability insurance including coverage for, but not limited to: Coverage B. Employers' Liability with limits of no less than: $500,000 — Bodily Injury by disease per employee $500,000 — Bodily Injury by disease aggregate $500,000 — Bodily Injury by accident Form 0106 Rev. 06/01/05 ♦ Coverage C: All States Coverage ♦ If applicable, USL&H, and Voluntary ♦ A waiver of subrogation in favor of the Owners D. Railroad Protective Liability insurance naming only the Railroad as the Insured with coverage of at least $2,000,000 per occurrence and $6,000,000 in the aggregate. The policy Must be issued on a standard ISO form CG 00 35 10 93 and include the following: ♦ Endorsed to include the Pollution Exclusion Amendment (ISO form CG 28 31 10 93) ♦ Endorsed to include the Limited Seepage and Pollution Endorsement. ♦ Endorsed to remove any exclusion for punitive damages. ♦ No other endorsements restricting coverage may be added. ♦ The original policy must be provided to the Railroad prior to performing any work or services under this Agreement Other Requirements: All policies (applying to coverage listed above) must not contain an exclusion for punitive damages and certificates of insurance must reflect that no exclusion exists. Contractor agrees to waive its right of recovery against Railroad for all claims and suits against Railroad. In addition, its insurers, through the terms of the policy or policy endorsement, waive their right of subrogation against Railroad for all claims and suits. The certificate of insurance must reflect the waiver of subrogation endorsement. Contractor further waives its right of recovery, and its insurers also waive their right of subrogation against Railroad for loss of its owned or leased property or property under contractor's care, custody or control. Contractor's insurance policies through policy endorsement, must include wording which states that the policy is primary and non - contributing with respect to any insurance carried by Railroad. The certificate of insurance must reflect that the above wording is included in evidenced policies. All policy(ies) required above (excluding Workers Compensation and if applicable, Railroad Protective) must include a severability of interest endorsement and Railroad must be named as an additional insured with respect to work performed under this agreement. Severability of interest and naming Railroad as additional insured must be indicated on the certificate of insurance. Contractor is not allowed to self-insure without the prior written consent of Railroad If granted by Railroad, any deductible, self-insured retention or other financial responsibility for claims must be covered directly by contractor in lieu of insurance. Any and all Railroad liabilities that would otherwise, in accordance with the provisions of this Agreement, be covered by contractor's insurance will be covered as if contractor elected not to include a deductible, self - insured retention or other financial responsibility for claims. Prior to commencing the Work, contractor must furnish to Railroad an acceptable certificate(s) of insurance including an original signature of the authorized representative evidencing the required coverage, endorsements, and amendments and referencing the contract audit/folder number if available. The policy(ies) must contain a provision that obligates the insurance company(ies) issuing such policy(ies) to notify Railroad in writing at least 30 days prior to any cancellation, non - renewal, substitution or material alteration. This cancellation provision must be indicated on the certificate of insurance. Upon request from Railroad, a certified duplicate original of any required policy must be furnished. Contractor should send the certificate(s) to the following address: BNSF RISK MANAGEMENT 2500 Lou Menk Drive AOB -1 Fort Worth, TX 76131 -2828 Fax: 817- 352 -7207 Any insurance policy must be written by a reputable insurance company acceptable to Railroad or with a current Best's Guide Rating of A- and Class VII or better, and authorized to do business in the state(s) in which the service is to be provide. Form 0106 Rev. 06/01/05 Contractor represents that this Agreement has been thoroughly reviewed by contractor's insurance agent(s)/broker(s), who have been instructed �n a addition to to all policy limits o ove insurance referenced above. by �s Agreement. Allocated Loss Expense Not more frequently than once every five years, Railroad may reasonably modify the required insurance coverage to reflect then- current risk management practices in the railroad industry and underwriting p a insurance industry. If any portion of the operation is to be subcontracted by contractor, contractor must require that the subcontractor provide and maintain the insurance coverages set forth herein, naming Railroad as an additional insured, and requiring that the subcontractor release, defend and indemnify Railroad t Rpo� herein extent and under the same terms and conditions as contractor is required to release, defend and indemnify Failure to provide evidence as required by this section will entitle, but not require, Railroad to terminate this Agreement immediately. Acceptance of a certificate that does not comply with this section will not operate as a waiver of contractor's obligations hereunder. The fact that insurance (including, without limitation, self - insurance) is obtained by contractor will not be deemed to release or diminish the liability of contractor including, without limitation, liability under the indemnity provisions of this Agreement. Damages recoverable by Railroad will not be limited by the amount of the required insurance coverage. For purposes of this section, Railroad means "Burlington Northern Santa Fe Corporation ", "BNSF RAILWAY COMPANY" and the subsidiaries, successors, assigns and affiliates of each. Section 4. EXHIBIT "C " CONTRACTOR REQUIREMENTS The Contractor must observe and comply with all provisions, obligations, requirements and limitations contained in the Contract, and the Contractor Requirements set forth on Exhibit C attached to the Contract and this Agreement, , including, but not be limited to, payment of all costs incurred for any damages to Railway roadbed, tracks, and/or appurtenances thereto, resulting from use, occupancy, or presence of its employees, representatives, or agents or subcontractors on or about the construction site. Section 5. TRAIN DELAY Contractor is responsible for and hereby indemnifies and holds harmless Railway (including its affiliated railway companies, and its tenants) for, from and against all damages arising from any unscheduled delay to a freight or passenger train which affects Railway's ability to fully utilize its equipment and to meet customer service and contract obligations. Contractor will be billed, as further provided below, for the economic losses arising from loss of use of equipment, contractual loss of incentive pay and bonuses and contractual penalties resulting from train delays, whether caused by Contractor, or subcontractors, or by the Railway performing work under this Agreement. Railway agrees that it will not perform any act to unnecessarily cause train delay. For loss of use of equipment, Contractor will be billed the current freight train hour rate per train as determined from Railway's records. Any disruption to train traffic may cause delays to multiple trains at the same time for the same period. Additionally, the parties acknowledge that passenger, U.S. mail trains and certain other grain, intermodal, coal and freight trains operate under incentive /penalty contracts between Railway and its customer(s). Under these arrangements, if Railway does not meet its contract service commitments, Railway may suffer loss of performance or incentive pay and/or be subject to penalty payments. Contractor is responsible for any train performance and incentive penalties or other contractual economic losses actually incurred by Railway which are attributable to a train delay caused by Contractor or its subcontractors. The con, tractual relationship between Railway and its customers is proprietary and confidential. In the event of a train delay covered by this Agreement, Railway will share information relevant to any train delay to the Form 0106 Rev. 06/01/05 extent consistent with Railway confidentiality obligations. Damages for train delay for certain trains may be as high as $50,000.00 per incident. Contractor and its subcontractors must give Railway's representative ( weeks advance notice of the times and dates for proposed work windows. Railway and Contractor will establish mutually agreeable work windows for the Agency Work. Railway has the right at any time to revise or change the work windows due to train operations or service obligations. Railway will not be responsible for any additional costs or expenses resulting from a change in work windows. Additional costs or expenses resulting from a change in work windows shall be accounted for in Contractor's expenses for the Agency Work. Contractor and subcontractors must plan, schedule, coordinate and conduct all Contractor's work so as to not cause any delays to any trains. Kindly acknowledge receipt of this letter by signing and returning to the Railway two original copies of this letter, which, upon execution by Railway, will constitute an Agreement between us. (Contractor) By: Printed Title: Contact Address: City: Fax: Phone: Email: State: Zip: BNSF Railway Company By: Name: Name: Manager Public Agency Works Person: Accepted and effective this day of 2007 Form 0106 Rev. 06/01/05 EXHIBIT D Bridge Requirements BRIDGE DESIGN, PLANS & SPECIFICATIONS: Bridge design calculations will be submitted to BNSF for review and approval. Design calculations will be summarized on a cover sheet to state the design dead load, design live load and amount of impact and any secondary loads considered. Bridge design by other than a BNSF pre- approved consultant will be subject to a third party design check at the Agency's expense. For railroad- bridges and culverts over waterways, BNSF will be provided with the Hydrology and Hydraulic design criteria, calculations and site specific data, including electronic data utilized in computer simulation modeling. Design considerations should include future land use changes that would increase the volume, velocity or sediment transport characteristics of the streambed flows. Design shall include sediment transport calculations and erosion control mitigation measures if necessary. Bridge plans will be submitted to BNSF for review and approval at the 30 %, 60% and 90% stage of design. The final set of plans must be approved by BNSF prior to letting of bids for the Agency Work. Prior to issuing any invitation to bid on construction of the Improvements, the Agency should conduct a pre -bid meeting where prospective Contractors have the opportunity to communicate with BNSF personnel as to the site specific train speeds, train density, and general safety requirements for men and equipment working near live tracks. Any invitation to bid and specifications for the Improvements and the Agency Work must be submitted to BNSF for review and approval prior to letting of bids for the Agency Work. BRIDGE CONSTRUCTION: After awarding the bid, but prior to the Contractor entering BNSF right of way, the Agency should conduct a pre - construction meeting with BNSF personnel in attendance to reiterate the safety requirements of construction activity adjacent to live tracks. During construction, BNSF will require an experienced Quality Control Inspector to be present during certain critical times of the Agency Work, including but not limited to: driving foundation piles, erecting falsework, construction of shoring and retaining walls, placing concrete, placing soil backfill and compaction processes. Certain components, normally produced off site, will require a QC inspector to be present, including the production of precast concrete components and steel fabrication. The QC inspector will provide reports to BNSF including pile driving records, concrete compressive test records, and other such reports requested by BNSF. QC Inspection services can be provided by the Agency subject to acceptance by BNSF. If the QC services provided are not acceptable, BNSF will provide an independent QC Inspection service to supplement the deficiencies. The Agency shall reimburse BNSF for all costs of supplemental QC Inspection services. Within 90 days of the conclusion of the Agency Work and final acceptance by BNSF, the Agency will provide BNSF with a complete electronic set of the bridge plans labeled "As Built". Those plans will reflect any and all deviations from the original plans that occurred during construction. The "As Built" plans will be submitted in Micro Station *.dgn electronic format (preferred) or AutoCAD *.dwg format. Electronic plans are to be submitted in the original format used for CAD plan preparation and not converted to another format prior to submission. The plans must show dimensioned locations of existing and relocated utilities. BRIDGE MAINTENANCE: BNSF will be responsible for maintenance of the track and ballast over the bridge and the earth embankment approaches. The Agency will be responsible for maintenance of the structural components of the bridge, including deck waterproofing and paint. Form 0106 Rev. 06/01/05 For bridges over roadways, the Agency will maintain the roadways under the bridge including signs, pedestrian walkways, fences, drains, landscaping, earth retention components, embankment slopes, erosion control, surface drainage, paint, walkways, handrails, lighting and other improvements associated with the Agency Work. The Agency will be responsible to post highway vertical clearance signs and maintain such signs to reflect potential future pavement profile elevation changes. Clearance signs, traffic control signals or other signs should not be attached to a load- carrying member of the railroad bridge. For railroad bridges over waterways, the Agency will be responsible for all aspects of channel maintenance across BNSF's right -of -way, including toe of slope erosion control where the railroad embankment meets the streambed. The Agency will be responsible for debris removal that may accumulate at bridge piers as well as silt removal, local and general scour and remediation and streambed lateral migration and streambed degradation remediation. Fencing and other trespass controls within BNSF's right -of -way and incorporated into the Agency Work shall be designed and maintained by the Agency. Graffiti removal will be the responsibility of the Agency. BRIDGE INSPECTION: BNSF will conduct annual routine structural inspections of railroad bridges over public roadways and waterways at no cost to the Agency. The Agency shall provide traffic control under those bridges spanning roadways to enable BNSF personnel or representatives to safely conduct the annual inspections. For routine annual inspections, BNSF will give the public agency 7 days advance notice of traffic control requirements. In the event of an earthquake, fire, flood, damage from vehicular impacts or other emergent situations, the Agency will provide traffic control in roadways to allow immediate inspection by BNSF personnel or representatives. Traffic control will include lane closures or other such measures to allow BNSF personnel, contractors and equipment to be safely positioned under the superstructure. Upon the conclusion of the BNSF inspection, the Agency will be notified of items in need of repair. If the Agency does not complete the repairs requested by BNSF within a reasonable time period, BNSF personnel and/or contractors will perform the repairs and invoice the Agency for the entire cost of such repairs. Regardless of the nature or cause of such maintenance and repairs, traffic control will be provided by the Agency at no cost to BNSF to allow safe access to the bridge. Form 0106 Rev. 06/01/05 Exhibit C to Fridley Master Agreement PLATFORM AGREEMENT (FRIDLEY STATION) THIS PLATFORM AGREEMENT ( "Lease ") is dated as of the day of 20_, (the "Effective Date ") between BNSF RAILWAY COMPANY, a Delaware corporation ( "Lessor" or "BNSF ") and THE METROPOLITAN COUNCIL, a public corporation and political subdivision of the State of Minnesota ( "Lessee "). RECITALS A. Lessor is in the railroad transportation business and owns or controls a system of rail tracks ( "Lessor's Track(s)") and various real properties associated therewith, including certain Premises as described below which Lessee desires to lease from Lessor; B. Lessor has agreed to lease to Lessee the Premises, subject to the terms, conditions and limitations provided herein; C. The Commissioner of the Department of Transportation, acting on behalf of the State of Minnesota (the "State "), and Lessor have entered into that certain Purchase and Sale Agreement dated as of the March 7, 2007 (the "Purchase and Sale Agreement ") providing for the purchase and sale of certain commuter rail service easements (the "Easements ") in and to the main rail lines a portion of which are adjacent to the Premises (the "Northstar Corridor"), as more fully described in the Purchase and Sale Agreement and the Joint Use Agreement (defined below); and D. Lessor and Lessee have entered into that certain Joint Use Agreement dated May 31, 2007 (the "Joint Use Agreement"), which governs the terms of joint use of the Northstar Corridor by the State, Lessor and Lessee and any Service Agreement as contemplated by the Joint Use Agreement (the "Service Agreement "), which, during the term thereof, will also govern the terms of joint use of the Northstar Corridor by the State, Lessor and Lessee. E. Lessor and the State have entered into that certain Fridley Master Agreement dated as of May 31, 2007 setting forth additional terms and conditions concerning the execution of this Lease by Lessor and Lessee and the construction maintenance and operation of the Tunnel, as defined therein. The applicable conditions set forth in the Fridley Master Agreement for entering into this Lease have been satisfied. AGREEMENTS In consideration of the mutual covenants herein, Lessor and Lessee hereby agree as follows: Section 1. Premises and Term. A. Lessor leases to Lessee and Lessee rents from Lessor, subject to the covenants, agreements, terms, ly provisions and conditions of this Lease, for the Term (as defined below), that certain parcel of real property , e lof described in Exhibit A attached hereto and made a part hereof, situated in the City of Fridley, County of Anoka, State Minnesota, along Line Segment 25, Staples Subdivision, Mile Post 16.0 and constituting the shaded area shown on Exhibit A ( "Premises "). B. Lessee leases the Premises from Lessor for a term ( "Term ") beginning on the date hereof ( "Commencement Date ") and continuing thereafter until May 31, 2107 or until this Lease shall be terminated earlier pursuant to the terms herein ("Termination Date "); provided, however, that in the event of (i) an earlier termination of the Easements for any reason, whether by expiration of the term stated therein or the exercise of any early termination right or remedy by either party thereunder or (ii) Lessee failing to acquire all the Easements contemplated in the Purchase and Sale Agreement (except in the event of Lessor failing to perform its obligations thereunder), Lessor, at its sole option, may either (i) terminate this Lease simultaneously with the termination of such Joint Use Agreement notwithstanding anything herein to the contrary, or (ii) convert the Term of this Lease to an annual tenancy which will be cancelable by either party upon thirty (30) days prior notice. C. Each consecutive twelve -month period during the Term, beginning with the Commencement Date of this Lease, is herein called a "Lease Year." BNSF - FRIDLEY Definite Term Lease — Land 1 Form 401; Rev. 04/26!05 MEBB: 523141v4 D. This Lease shall automatically renew for one additional term of one hundred t 100) years. Master Agreement ( ) Ye automatic renewal, this Lease shall automatically renew for successive twenty rs. After such herein referred to as a "Renewal Term" until either a ty ( 20 )Year terms (each of such renewal is party notifies the other party in writing no less than five (5) years prior to the expiration of the then current term that it does not wish to further renew the term of this Lease Agreement (a "Termination Notice "). Each Renewal Term shall commence immediately upon the expiration of the initial stated term described in Section 1(b) above and each subsequent Renewal Term, as applicable. All of the terms and conditions contained in this Lease shall be applicable and shall continue in full force and effect during a Renewal Term. In the event that a Termination Notice is given by Lessor to Lessee, as set forth above and there exists no uncured Event of Default and the Joint Use Agreement is still in effect, (i) Lessor and Lessee shall negotiate in good faith to agree upon a location for replacement Premises to replace the existing Premises; and (ii) Lessor and Lessee agree negotiate in good faith on an amendment to or replacement of this Lease for the replacement Premises, including Lessor approval of Lessee improvements to be made to the replacement Premises. In such an event, the Termination Date shall be effective on the earlier of (x) one year following satisfaction of the foregoing requirements (i) and (ii) or (y) that date on which the required improvements to the replacement Premises are completed by Lessee to enable regular Lessee operations thereon, or (z) the expiration of the then current Term. Section 2. Early Termination. A. At any time after May 31, 2057, if Lessor shall require the Premises for railroad purposes or activities and the Relocation Requirements (as set forth below) have been met prior to such termination, Lessor may, in its sole discretion at any time during the Term, terminate this Lease prior to the expiration of the then current term upon written notice ( "Termination Notice ") to Lessee of not less than five (5) years. The date of such termination (which must be at least five (5) years following the date of the Termination Notice is hereinafter referred to as the "Early Termination Date". In case of such early termination, Lessor shall purchase from Lessee all Lessee Improvements (as defined in Section 9(B)), (excluding, however, equipment or moveable fixtures or any of the contents of any Lessee Improvement which Lessee desires to remove (the "Removables "), and shall, at Lessee's request, acquire all of Lessee's adjacent real property and improvements at the cost set forth below (the "Station Purchase Price "). In the event that Lessor shall elect to terminate this Lease, Lessee shall remove at its expense all Removables on or prior to the Early Termination Date, and on the Early Termination Date shall deliver to Lessor a Bill of Sale or similar conveyance instrument ( "Bill of Sale ") in form reasonably acceptable to Lessor conveying all of the remaining Lessee Improvements to Lessor. In the event of such an early termination, Lessor shall pay to Lessee the then fair market value of all of Lessee's real property, station, park and ride facilities, and related improvements, which are adjacent to the Premises. The "fair market value" shall be agreed to by the parties, and if the parties fail to agree, the same shall be determined by three disinterested appraisers selected in the manner set forth below, and the value agreed upon by any two of said appraisers shall be paid by Lessor, as Lessee's sole compensation and remedy for the early termination of this Lease. The party desiring the appraisal shall choose one appraiser after which the other shall have twenty (20) days in which to choose an appraiser. Should a second appraiser not be chosen within the said twenty (20) days, the party naming the first appraiser shall choose the second appraiser. The two so chosen shall select a third appraiser within twenty, (20) days, and upon failure to do so, the selection, on application of either party, may be made by any district court judge of the state in which the Premises is located. The two or three appraisers, as the case may be, shall reach a decision within forty -five (45) days of the appointment of the last appraiser. The decision of any such two appraisers shall be binding upon the parties. "Relocation Requirements ", for the purposes of this Lease, shall mean (i) Lessor and Lessee have agreed upon a location for the replacement Premises; (ii) Lessor and Lessee have agreed to an amendment to or replacement of this Lease for the replacement Premises, including Lessor approval of Lessee improvements to be made to the replacement Premises; and (iii) Lessor has paid the fair market value, as set forth herein. A relocation of the track adjacent to the Premises as permitted pursuant to Section 11.C. that does not materially reduce the level of utility of the Premises as a commuter station platform shall not be subject to the terms of this Section 2.A even if such relocation reduces the area of the Premises, provided, however, that in any such event the cost of relocating or modifying Lessee's improvements shall be paid by BNSF. B. Lessee may terminate this Lease at any time during the Term or any Renewal Term by written notice of such intent to Lessor not less than one hundred and eighty (180) days prior to the date Lessee desires to terminate the Lease and vacate the Premises. Lessee shall surrender the Premises at the end of such period in the condition required hereunder. Section 3. Use and Compliance. A. Lessee may use the Premises for the sole and exclusive purpose of constructing, maintaining, and operating platforms, parking areas and related improvements for commuter passenger stations as part of providing BNSF - FRIDLEY Definite Term Lease — Land 2 Form 401; Rev. 04126/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement Commuter Service, as defined s the Joint gto Lessor's reasonable quirts regarding etheuuse without the of the written consent of Lessor. Lessee shall respond Premises. The parties hereto agree that prt side of the Northstar r the Corridors At include the time Le seef provides�to Lessor the for access to parking facilities on the either Commencement Notice, the parties hereto shall execute the Underpass Agreement attached hereto as Exhibit E. B. Lessee shall comply with all Laws applicable to Lessee, the Premises, this Lease and Lessee's activities and obligations hereunder, and shall have the sole responsibility for costs, fees, or expenses associeedSw with such h compliance. As used herein, the term "Laws" shall mean any and all statutes, laws, ordinances, , regulations or any order, decision, injunction, judgment, award or decree of any public body or authority having jurisdiction over Lessee, the Premises, this Lease, and /or Lessee's obligations under this Lease, and shall include all Environmental Laws (as defined in Section 5(A)). C. If any governmental license or permit is required or desirable for the proper and lawful conduct of Lessee's business or other activity in or on the Premises, or if the failure to secure such a license or permit might in any way affect Lessor, then Lessee, at Lessee's expense, shall procure and thereafter maintain such license or permit and submit the same to inspection by Lessor. Lessee, at Lessee's expense, shall at all times comply with the requirements of each such license or permit. Section 4. Rent. A. Lessee shall pay as rental for the Premises, in advance, on the date of execution of this Lease, and thereafter within thirty (30) days of invoicing by Lessor to Lessee, for each new term, an amount equal to One Hundred and 00/100 Dollars ($100.00) for the Term ( "Base Rent "). Either party hereto may assign any receivables due it under this Lease; provided, however, such assignments shall not relieve the assignor of any of its rights or obligations under this Lease. All rent and other monetary payments under this Lease from Lessee to Lessor shall be delivered solely to the following address: Staubach — Attomey -in -Fact for BNSF P.O. Box 847574 Dallas, Texas 75284 -7574 Lessor shall have the right to designate at any time and from time to time a different address for delivery of such payments by written notice to Lessee pursuant to the notice provisions of Section 37 below. No rent or other payment sent to any other address shall be deemed received by Lessor unless and until Lessor has actually posted such payment as received on the account of Lessee, and Lessee shall be subject to all default provisions hereunder, late fees and other consequences as a result thereof in the same manner as if Lessee had failed or delayed in making any payment. B. Lessee acknowledges that Lessor utilizes the rental collection system involving direct deposit of monies received through a financial institution selected by Lessor, which precludes Lessor's ability to exercise rejection of a rental payment before Lessee's check is cashed. Lessee agrees that as a condition of Lessor granting this Lease Lessee hereby waives any rights it may have under law to force continuation of this Lease due to Lessor having accepted and cashed Lessee's rental remittance. Lessor shall have the option of rejecting Lessee's payment by refunding to Lessee the rental amount paid by Lessee, adjusted as set forth in this Lease, and enforcing the termination provisions of this Lease. C. Lessee shall pay the Base Rent and all additional amounts due pursuant to Section 10 as and when the same become due and payable upon invoice, without set -off, or deduction. Lessee's obligation to pay Base Rent and all amounts due under this Lease is an independent covenant and no act or circumstance, regardless of whether such act or circumstance constitutes a breach under this Lease by Lessor, shall release Lessee of its obligation to pay Base Rent and all amounts due as required by this Lease. Section 5. Environmental. A. Lessee's use of the Premises shall strictly comply with all federal, state and local environmental laws and regulations, including, but not limited to, Environmental Laws as that term is defined in the Joint Use Agreement, the definition of which is incorporated herein. B. Lessee shall give Lessor immediate notice to Lessor's Resource Operations Center at (800) 832 -5452 of any release of Hazardous Materials on or from the Premises and to Lessor's Manager Environmental Leases at (785) BNSF - FRIDLEY Definite Term Lease — Land 3 Form 401; Rev. 04/26!05 MEBB: 523141v4 inspection or inquiry b EzWbit C to Fridley Master Agreement 435 -2386 for any violation of Environmental Laws, or ins P q ry y governmental authorities charged with enforcing Environmental Laws with respect to Lessee's use of the Premises. Lessee shall use its best efforts to promptly respond to any release on or from the Premises. Lessee also shall give Lessor's Manager Environmental Leases immediate notice of all measures undertaken on behalf of Lessee to investigate, remediate, respond to or otherwise cure such release or violation and shall provide to Lessor's Manager Environmental Leases copies of all reports and/or data regarding any investigations or remediations of the Premises. C. In the event of any Environmental Loss or Damage (as defined in the Joint Use Agreement) to the Premises which is part of the Northstar Corridor, occurring prior to or during, the term of this Lease, such Environmental Loss or Damage shall be handled by the parties pursuant to the terms of the Joint Use Agreement. To the extent not part of the Northstar Corridor, (i) Lessee shall bear all Environmental Loss or Damage, except to the extent caused by, contributed to, exacerbated by, arising or resulting from Lessor's past, present or future activities on or about the Premises, (ii) Lessor shall bear all Environmental Loss or Damage to the extent caused by, contributed to, exacerbated by, arising or resulting from Lessor's past, present or future use of the Premises, and (iii) Lessee shall take any Cleanup Actions (as defined in the Joint Use Agreement) required to be done outside the Northstar Corridor but within the Premises in accordance with applicable law and subject to the cost allocation as provided herein. To the extent the Cleanup Actions performed by Northstar as required above are subject to reimbursement hereunder by BNSF, Northstar shall conduct the Cleanup Actions in accordance with all applicable Environmental Laws and shall endeavor to give BNSF reasonable notice and opportunity to comment to the extent practicable under the circumstances. BNSF's obligation to reimburse Northstar is subject to reasonableness in the exercise of the Cleanup Actions in accordance with customary environmental standards of engineering and to the necessity or advisability of the Cleanup Actions, provided that any Cleanup Actions mandated or directed in writing by any governmental agency at the state, federal or local level with regulatory responsibilities for environmental issues shall be deemed reasonable and necessary as between the Parties for purposes of this Lease and provided also that Northstar shall be granted discretion to implement Cleanup Actions in a manner necessary to eliminate or minimize interference with commuter operations even if the result is to increase costs if there are no reasonably available alternative methods. BNSF may have representatives on the Premises at the scene of any release of Hazardous Materials for which BNSF is responsible, in whole or in part, under this Lease. Nothing in this Lease shall prevent BNSF or Northstar from maintaining or pursuing legal rights or defenses in any administrative proceedings, orders or actions with third parties, including regulatory agencies, in proceedings, orders or appeals concerning any Cleanup Actions. The cost for the activities described in this Section shall be borne in accordance with the provisions of this Section. To the extent of an express conflict between this Section of this Lease Agreement and the Joint Use Agreement (or Service Agreement, as applicable), this Section of this. Lease Agreement shall control. D. Lessee shall promptly report to Lessor in writing any conditions or activities upon the Premises which create a risk of harm to persons, property or the environment and shall take whatever action is necessary to prevent injury to persons or property arising out of such conditions or activities; provided, however, that Lessee's reporting to Lessor shall not relieve Lessee of any obligation whatsoever imposed on it by this Lease. Lessee shall promptly respond to Lessor's request for information regarding said conditions or activities. E. Lessee agrees that it shall not use Hazardous Materials on the Premises except as stated below and in full compliance with law. Lessee expects to use on the Premises the following Hazardous Materials: routine cleaning materials and other materials incidental to Commuter Service, and to store on the Premises such Hazardous Materials (as defined in Section 5(F) below); provided, however, that Lessee may only use and store the listed Hazardous Materials in such amounts as are necessary and customary in Lessee's industry for the permitted uses hereunder ( "Permitted Substances "). All such Permitted Substances shall be placed, used, and stored in strict accordance with all Environmental Laws. Use or storage by Lessee on the Premises of any Hazardous Materials not disclosed in this Section 5(E) is a breach of this Lease. F. For purposes of this Section, "Hazardous Materials" shall be defined as the same term is defined in the Joint Use Agreement. G. Within one (1) year prior to termination of this Lease or at other times during the term of this Lease with good cause, as determined in Lessor's reasonable discretion, Lessor may, at its option, require Lessee to conduct an environmental audit of the Premises through an environmental consulting engineer acceptable to Lessor, at Lessee's sole cost and expense, to determine if any noncompliance or environmental damage to the Premises has occurred during Lessee's occupancy thereof. The audit shall be conducted to Lessor's satisfaction and a copy of the audit report shall promptly be provided to Lessor for its review. Lessee shall pay all expenses for any remedial action that may be required as a result of said audit to correct any noncompliance or environmental damage caused by Lessee, and all necessary work shall be performed by Lessee prior to termination of this Lease, provided, however, that, as to the portion of the BNSF - FRIDLEY Definite Term Lease — Land 4 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement Premises within the Northstar Corridor or related to a train operating within the Northstar Corridor, such corrections and expenses shall be handled in accordance with the Joint Use Agreement. Section 6. Access to Ad"acent Property by Lessee. If access to and from the Premises can be accomplished only through use of Lessor's property adjacent to the Premises, such use is granted for ingress and egress only and on a non - exclusive basis, subject to such restrictions and conditions as Lessor may reasonably impose by notice to Lessee. Lessor shall have the right to designate the location or route to be used. Lessee understands and agrees that all of the terms and obligations under this Lease applicable to Lessee shall also be applicable to Lessee with respect to Lessee's use of any property adjacent to the Premises which Lessee may use just as though the property has been specifically described as part of the Premises, including, without limitation, the indemnity provisions of Section 14. Notwithstanding anything to the contrary herein, this Section 6 shall not grant Lessee any right to cross any of Lessor's Tracks. Any such crossing rights may only be granted by a separate written agreement between Lessor and Lessee. Section 7. Access to Premises by Lessor. A. Lessor and its contractors, agents and other designated third parties may at all reasonable times, with reasonable advance notice, and at any time in case of emergency, in such manner as to not unreasonably interfere with Lessee's use of the Premises as allowed hereunder, (i) enter the Premises for inspection of the Premises or to protect the Lessor's interest in the Premises or to protect from damage any property adjoining the Premises, (ii) enter the Premises to construct, maintain, and operate trackage, fences,. pipelines, communication facilities, fiber optic lines, wireless towers, telephone, power or other transmission lines, or appurtenances or facilities of like character, upon, over, across, or beneath the Premises, or (iii) take all required materials and equipment onto the Premises, and perform all required work therein, for the purpose of making alterations, repairs, or additions to the Premises as Lessor may elect if Lessee defaults in its obligation to do so, without payment of any sum for any damage, except that which may be caused by Lessors gross negligence or willful acts, and all such entries and activities shall be without any rebate of rent to Lessee for any loss of occupancy of the Premises, or damage, injury or inconvenience thereby caused, except as otherwise provided herein. B. In an emergency, Lessor will be entitled to use any and all means that Lessor may deem proper to open doors, gates, and other entrances to obtain entry to the Premises. Any entry to the Premises by Lessor as described in this Section 7 shall not under any circumstances be construed or deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or any eviction of Lessee from the Premises, and any damages caused on account thereof will be paid by Lessee. Section 8. Warranties. LESSOR DOES NOT WARRANT ITS TITLE TO THE PREMISES NOR UNDERTAKE TO DEFEND LESSEE IN THE PEACEABLE POSSESSION OR USE THEREOF. NO COVENANT OF QUIET ENJOYMENT IS MADE. This Lease is made subject to all outstanding rights or interests of others; provided however, that subject to matters of record, Lessor represents and warrants to Lessee that is has no knowledge of rights of any third parties in and to the Premises which will materially adversely impact Lessee's intended use of the Premises. For purposes of the foregoing sentence, Lessee's knowledge is defined to mean the knowledge of David P. Schneider, General Director — Real Estate for BNSF. In case of eviction of Lessee by anyone other than Lessor, or anyone owning or claiming title to or any interest in the Premises, Lessor shall not be liable to Lessee for damage of any kind (including any loss of ownership right to Lessee's Improvements) or to refund any rent paid hereunder, except to return the unearned portion of any rent paid in advance. Section 9. Premises Condition: Lessee Improvements. A. Lessee represents that the Premises, the title thereto, any subsurface conditions thereof, and the present uses thereof have been examined by the Lessee. Except as otherwise set forth herein, Lessee accepts the same in the condition in which they now are, without representation or warranty, expressed or implied, in fact or by law, by the Lessor, and without recourse to the Lessor as to the title thereto, the nature, condition or usability thereof, or the uses to which the Premises may be put. Subject to Section 5 hereof, by taking possession or commencing use of the Premises, Lessee (1) acknowledges that it is relying on its own inspections of the Premises and not on any representations from Lessor regarding the Premises; (ii) establishes conclusively that the Premises are at such time in satisfactory condition and in conformity with this Lease and all zoning or other governmental requirements in all respects; and (iii) accepts the Premises in its condition as of the Commencement Date on an "AS IS," "WHERE IS," and "WITH ALL FAULTS" basis, BNSF - FRIDLEY Definite Tenn Lease — Land 5 Form 401; Rev. 04/26/05 MEBB:52 MUM subject to all faults and infirmities, whether now or hereafter existing. Nothing contained bin this Section Master affect the commencement of the Term or the obligation of Lessee to pay rent as provided above. Lessee represents and warrant to Lessor as follows: (i) Lessee does not intend to, and will not, use the Premises for any purpose other than as set forth in Section 3; (ii) Lessee has previously disclosed in writing to Lessor all special requirements of which Lessee has knowledge (but Lessor shall have no responsibility relative to any such special requirement), if any, which Lessee may have in connection with this intended use; and (iii) Lessee has undertaken and has reasonably and diligently completed all appropriate investigations regarding the suitability of the Premises for Lessee's intended use. Lessee shall comply with any covenant, conditions or restrictions now or hereafter affecting the Premises, and acknowledges that Lessor may place any covenants, conditions or restrictions of record affecting the Premises prior to or during the Term, but any such covenants, conditions or restrictions shall not act to materially interfere with Lessee's use of the Premises. In such event and with the above limitations, this Lease will be subject and subordinate to all of the same without further action by either party, including, without limitation, the execution of any further instruments. Lessee acknowledges that Lessor has given material concessions for the acknowledgements and provisions contained in this Section 9, and that Lessor is relying on these acknowledgement and agreements and would not have entered into this Lease without such acknowledgements and agreements by Lessee. B. The parties hereto acknowledge that Lessee intends to construct and install the improvements to the Premises ( "Lessee Improvements ") which are necessary for Lessee's use of the Premises in substantially the form shown on the required detail attached hereto as Exhibit D ( "Required Detail "). Lessor has previously approved the Required Detail and agrees to allow such Lessee Improvements. Such approval of the Required Detail or any changes thereto by BNSF shall in no way obligate BNSF in any manner with respect to the finished product design and /or construction or modify any provisions of the Joint Use Agreement or any Service Agreement. Such approval by BNSF shall mean only that the plans appear to meet the subjective requirements of BNSF with respect to impact to its operations, and such approval by BNSF shall not be deemed to mean that the Required Detail for construction are structurally sound and appropriate or that such Required Detail meet applicable regulations, laws, statutes or local ordinances and /or building codes. Lessee agrees that the general contractor must construct the Lessee Improvements in compliance with the General Conditions set forth in Exhibit C, and shall, prior to beginning construction, execute and deliver the Contractor Right of Entry attached as Exhibit C -1 -A for work done during the Pre - Mobilization Period (as defined below) and Exhibit C -1 -13 for work done during the Active Period (as defined below). All Lessee Improvements shall be constructed and installed in accordance with the terms and conditions of Exhibit B attached to the Lease and all applicable terms and conditions of the Lease regarding alterations and improvements. Lessee shall not construct any other material alteration or improvement to the Premises without Lessor's prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned. The Lessee Improvement constructed pursuant to the above provisions shall be owned by Lessee during the Term and removed from the Premises or surrendered to the Lessor pursuant to Section 2(13) above or Section 21 below, as applicable, upon termination of this Lease. Section 10. Taxes and Utilities. In addition to Base Rent, Lessee shall pay all taxes, utilities, and other charges of every kind and character, whether foreseen or unforeseen, ordinary or extraordinary, which are attributable to Lessee's use and occupancy of the Premises during to the Term of this Lease and may become due or levied against the Premises, against Lessee, against the business conducted on the Premises or against the Lessee Improvements placed thereon during the Term hereof, even though such taxes, utilities or other charges may not become due and payable until after termination of this Lease provided; however, that Lessee shall only be responsible for the payment of property taxes levied against the Premises to the extent such taxes are separately assessed by the applicable taxing authority as a result of this Lease. Lessee agrees that Lessor shall not be required to furnish to Lessee any utility or other services. Should the Premises be subject to any special assessments for public improvements due to Lessee's use or improvements to the Premises, such Special Assessments shall be paid to the assessing authority by Lessee, which assessment may be paid, in Lessee's sole option, over the longest period permitted by the assessing authority. Section 11. Track Clearance. A. Lessee shall not place, permit to be placed, or allow to remain, any permanent or temporary material, structure, pole, or other obstruction within (i) 8Y2 feet laterally from the centerline of any of Lessor's Tracks on or about the Premises (nine and one -half (9 -1/2) feet on either side of the centerline of any of Lessor's Tracks which are curved) or (ii) 24 feet vertically from the top of the rail of any of Lessor's Tracks on or about the Premises ( "Minimal Clearances "); provided that if any law, statute, regulation, ordinance, order, covenant or restriction ( "Legal Requirement ") requires greater clearances than those provided for in this Section 11, then Lessee shall strictly comply with such Legal Requirement. However, notwithstanding the foregoing, vertical or lateral clearances which are less than the Minimal BNSF - FRIDLEY Definite Term Lease — Land g Form 401; Rev. 04/26/05 MEBB: 523141v4 E%bibit C to Fridley Master Agreement Clearances but are in compliance with Legal Requirements will not be a violation of this Section 11, so long as Lessee strictly complies with the terms of any such Legal Requirement and, if requested by BNSF, posts signs on the Premises clearly noting the existence of such reduced clearance. B. Lessor's operation over any Lessor's Track on or about the Premises with knowledge of an unauthorized reduced clearance will not be a waiver of the covenants of Lessee contained in this Section 11 or of Lessor's right to recover for and be indemnified and defended against such damages to property, and injury to or death of persons, that may result therefrom. C. Lessor warrants that, during the term of this Lease, it shall not relocate the Lessor's track within the Northstar Corridor adjacent to the Premises, which is used by Lessee for Commuter Service, in a manner that would materially reduce Lessee's level of utility of the Premises, without the prior consent of Lessee, which will not be unreasonably withheld and which may be conditioned on an acceptable relocation of the Premises and amendment of this Lease. Notwithstanding the foregoing, prior to the Commencement Date, Lessor may relocate Lessor's track to accommodate inter -track fencing contemplated in the Joint Use Agreement. BNSF shall have no liability or obligation with respect to modifications to the Premises or Improvements thereon in connection with such track relocation. Section 12. Repairs: Maintenance. A. Lessee shall, at its sole expense, take good care of the Premises (including all Lessee Improvements) and shall not do or suffer any waste with respect thereto and Lessee shall promptly make all necessary or desirable Repairs to the Premises. The term "Repairs" means all reasonable repair and maintenance necessary to keep the Premises (including all Lessee Improvements) in good condition and includes, without limitation, replacements, restoration and renewals when necessary. Lessee shall keep and maintain any paved areas, sidewalks, curbs, landscaping and lawn areas in a clean and orderly condition, and free of accumulation of dirt and rubbish. B. Lessor shall not have any liability or obligation to furnish or pay for any services or facilities of whatsoever nature or to make any Repairs or alterations of whatsoever nature in or to the Premises, including but not limited to structural repairs, or to maintain the Premises in any manner. Lessee acknowledges that Lessor shall have no responsibility for management of the Premises. Section 13. Safe • Dangerous and Hazardous Conditions. It is understood by Lessee that the Premises may be in dangerous proximity to railroad tracks, including Lessor's Tracks, and that persons and property, whether real or personal, on the Premises will be in danger of injury, death or destruction incident to the operation of the railroad, including, without limitation, the risk of derailment, fire, or inadequate clearance (including sight clearance or vision obstruction problems at grade crossings on or adjacent to the Premises), and Lessee accepts this Lease subject to such dangers, and acknowledges that its indemnification obligations hereunder extend to and include all such risks. Section 14. Indemnity. A. THE PARTIES AGREE THAT THE ACTIVITIES CONDUCTED ON THE PREMISES IS INCLUDED IN THE DEFINITION OF "COMMUTER SERVICE" (AS DEFINED IN THE JOINT USE AGREEMENT) AND THAT THE JOINT USE AGREEMENT THEREFORE APPLIES TO THE PREMISES FOR INDEMNIFICATION PURPOSES DURING THE PERIOD BEGINNING ON THE EARLIER OF (i) THE DAY ON WHICH MOBILIZATION TRAIN MOVEMENTS BEGIN OR (ii) THE START DATE (AS THOSE TERMS ARE DEFINED IN THE JOINT USE AGREEMENT) UNTIL THE TERMINATION OF THIS LEASE (THE "ACTIVE PERIOD "). DURING THE ACTIVE PERIOD, THE JOINT USE AGREEMENT SHALL GOVERN ALLOCATION OF LIABILITY AND INDEMNIFICATION BY THE PARTIES HEREUNDER. FOR THE PERIOD FROM THE COMMENCEMENT DATE UNTIL THE DAY PRIOR TO THE EARLIER OF (1) THE DAY ON WHICH MOBILIZATION TRAIN MOVEMENTS BEGIN OR (ii) THE START DATE (THE "PRE- MOBILIZATION PERIOD ")TO THE FULLEST EXTENT PERMITTED BY LAW, LESSEE SHALL RELEASE, INDEMNIFY, DEFEND AND HOLD HARMLESS THE BNSF PARTIES, AS DEFINED IN THE JOINT USE R DAMAGE AGREEMENT "INDEMNITEES) FOR, FROM AND AGAINST ANY AND ALL LOSS AS DEFINED IN (COLLECTIVELY THE JOINT SSE AGREEMENT) " GR EM NT),DI DIRECTLY OR INDIRECTLY ARISING OUT OF, RESUL TING FROM OR RELATED TO (IN WHOLE OR IN PART): (i) ANY RIGHTS OR INTERESTS GRANTED PURSUANT TO THIS LEASE; BNSF - FRIDLEY Definite Term Lease — Land 7 Form 401; Rev. 04/26/05 MEBB: 523141v4 LESSEE'S OCCUPATION AND USE OF THE PREMISES; OR Exhibit C to Fridley Master Agreement (iii) ANY ACT OR OMISSION OF LESSEE OR LESSEE'S OFFICERS, AGENTS, INVITEES, EMPLOYEES, OR CONTRACTORS, OR ANYONE DIRECTLY OR INDIRECTLY EMPLOYED BY ANY OF THEM, OR ANYONE THEY CONTROL OR EXERCISE CONTROL OVER, EVEN IF SUCH LIABILITIES ARISE FROM OR ARE ATTRIBUTED TO, IN WHOLE OR IN PART, ANY NEGLIGENCE OF ANY INDEMNITEE. THE ONLY LIABILITIES WITH RESPECT TO WHICH LESSEE'S OBLIGATION TO INDEMNIFY THE INDEMNITEES DOES NOT APPLY ARE LIABILITIES TO THE EXTENT PROXIMATELY CAUSED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT'OF AN INDEMNITEE. THE PARTIES HERETO AGREE THAT LESSEE'S LIABILITY PURSUANT TO THIS SECTION 14 AND UNDER ALL OTHER PLATFORM LEASES, TRACK LEASES OR AGREEMENTS, UNDERPASS OR OVERPASS AGREEMENTS OR EASEMENTS FOR MATTERS ARISING DURING THE PRE - MOBILIZATION PERIOD SHALL NOT, IN ANY EVENT, EXCEED THE SUM OF $25,000,000.00 (AND THAT PAYMENTS MADE BY ANY INSURERS FOR POLICIES OBTAINED BY LESSEE COUNT TOWARD THIS CAP) BUT THAT SUCH CAP SHALL NOT LIMIT IN ANY RESPECT THE OBLIGATION OF ANY INSURANCE OBTAINED BY LESSEE OR ANY OF ITS CONTRACTORS. NOTHING IN THIS LEASE SHALL LIMIT ANY LIABILITY OR OBLIGATION OF NORTHSTAR UNDER THE JOINT USE AGREEMENT OR A SERVICE AGREEMENT, IF ANY, BETWEEN THE PARTIES. B. LESSEE AGREES THAT THE USE OF THE PREMISES AS CONTEMPLATED BY THIS LEASE SHALL NOT IN ANY WAY SUBJECT LESSOR TO CLAIMS THAT LESSOR IS OTHER THAN A COMMON CARRIER FOR PURPOSES OF ENVIRONMENTAL LAWS AND EXPRESSLY AGREES TO INDEMNIFY, DEFEND, AND HOLD THE INDEMNITEES HARMLESS FOR ANY SUCH CLAIMS. C. TO THE FULLEST EXTENT PERMITTED BY LAW, LESSEE FURTHER AGREES, REGARDLESS OF ANY NEGLIGENCE OR ALLEGED NEGLIGENCE OF ANY INDEMNITEE, TO INDEMNIFY, AND HOLD HARMLESS THE INDEMNITEES AGAINST AND ASSUME THE DEFENSE OF ANY LIABILITIES ASSERTED AGAINST OR SUFFERED BY ANY INDEMNITEE UNDER OR RELATED TO THE FEDERAL EMPLOYERS' LIABILITY ACT ( "FELA ") WHENEVER EMPLOYEES OF LESSEE OR ANY OF ITS AGENTS, INVITEES, OR CONTRACTORS CLAIM OR ALLEGE THAT THEY ARE EMPLOYEES OF ANY INDEMNITEE OR OTHERWISE. THIS INDEMNITY SHALL ALSO EXTEND, ON THE SAME BASIS FROM SUCH PARTIES, TO FELA CLAIMS BASED ON ACTUAL OR ALLEGED VIOLATIONS OF ANY FEDERAL, STATE OR LOCAL LAWS OR REGULATIONS, INCLUDING BUT NOT LIMITED TO THE SAFETY APPLIANCE ACT, THE BOILER INSPECTION ACT, THE OCCUPATIONAL HEALTH AND SAFETY ACT, THE RESOURCE CONSERVATION AND RECOVERY ACT, AND ANY SIMILAR STATE OR FEDERAL STATUTE. D. Notwithstanding any other provisions in this Section, the allocation of liability for Environmental Loss or Damage shall be governed by Section 5. EACH PARTY SHALL INDEMNIFY, DEFEND AND HOLD THE OTHER PARTY HARMLESS FOR ANY LOSS OR DAMAGE ARISING OUT OF OR RELATED TO ANY ENVIRONMENTAL LOSS OR DAMAGE ALLOCATED TO THE INDEMNIFYING PARTY PURSUANT TO SECTION 5. IN ADDITION, LESSEE SHALL INDEMNIFY, DEFEND AND HOLD LESSOR HARMLESS FROM AND AGAINST ANY LOSS OR DAMAGE ARISING OUT OF OR RELATED TO ANY BREACH OF LESSEE'S OBLIGATIONS UNDER THIS LEASE. E. Upon written notice from Lessor, Lessee agrees to assume the defense of any lawsuit or other proceeding brought against any Indemnitee by any entity, relating to any matter covered by this Lease for which Lessee has an obligation to assume liability for and /or save and hold harmless any Indemnitee. Lessee shall pay all costs incident to such defense, including, but not limited to, attorneys' fees, investigators' fees, litigation and appeal expenses, settlement payments, and amounts paid in satisfaction of judgments. The indemnification obligations of this Section are not intended to constitute a waiver of or operate to defeat any other immunities, limitations, or defenses with respect to any third parties imposed by or available under any statute or common law which are applicable to Lessor or Lessee, or anyone claiming through Lessor or Lessee. Notwithstanding the previous sentence, with respect to each other only, Lessee, by mutual negotiation, hereby waives any immunity against claims for which it has assumed an indemnification obligation hereunder or under the Joint Use Agreement or Service Agreement (as defined in the Joint Use Agreement), if any, that would otherwise be available under applicable disability benefits or employee benefits acts Section 15. Intentionally Deleted. Section 16. Assignment and Sublease. BNSF - FRIDLEY Definite Term Lease — Land g Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement A. Lessee shall have the right to transfer, assign, or sublease its rights and obligations under this Lease and in the Premises only to (i) the transferee of its rights and obligations under the Joint Use Agreement or II the holder or transferee of the easements rights conveyed by the Purchase and Sale Agreement or (iii) a transferee by operation of law. In the event of a transfer pursuant to (ii) or (iii) above, such transferee shall affirm, in a writing in form and substance reasonably acceptable to Lessor, its assumption of the obligations of lessee under this Lease, including, without limitation, the indemnification obligations. Any other transfer by Lessee shall be subject to the prior written consent of Lessor, which may be withheld in Lessor's sole discretion. Any person or legal representative of Lessee, to whom Lessee's interest under this Lease passes by operation of law or otherwise, will be bound by the provisions of this Lease. Notwithstanding anything herein to the contrary, and without limitation to Lessor's right to approve or disapprove any transfer of this Lease, in no event shall this Lease or any interest herein be assigned unless the Lessee's entire interest under the Joint Use Agreement is assigned at the same time to the same assignee and in accordance with the terms of the Joint Use Agreement, and any approval by Lessor to such assignment shall be deemed withdrawn if such interests are not simultaneously assigned. B. Any assignment, lease, sublease or transfer made pursuant to Section 16(A) may be made only if, and shall not be effective until, the assignee cures all outstanding material defaults of Lessee hereunder for which Lessor has given to Lessee written notice, and executes, acknowledges and delivers to Lessor an agreement, in form and substance satisfactory to Lessor, whereby the assignee assumes the obligations and performance of this Lease and agrees to be personally bound by and upon all of the covenants, agreements, terms, provisions and conditions hereof on the part of Lessee to be performed or observed. Lessee covenants that, notwithstanding any assignment or transfer, whether or not in violation of the provisions of this Lease, and notwithstanding the acceptance of rent by Lessor from an assignee or transferee or any other party, Lessee will remain fully and primarily liable along with the assignee for the payment of the rent due and to become due under this Lease and for the performance of all of the covenants, agreements, terms, provisions, and conditions of this Lease on the part of Lessee to be performed or observed. Section 17. Liens. Lessee shall promptly pay, discharge and release of record any and all liens, charges and orders arising out of any construction, alterations or repairs, suffered or permitted to be done by Lessee on the Premises. Lessor is hereby authorized to post any notices or take any other action upon or with respect to the Premises that is or may be permitted by law to prevent the attachment of any such liens to the Premises; provided, however, that failure of Lessor to take any such action shall not relieve Lessee of any obligation or liability under this Section or any other Section of this Lease. Section 18. Insurance. During any period prior to the Active Period in which there is construction activity occurring on the Premises, Lessee shall, at its sole cost and expense, (i) procure and maintain the insurance coverage stated below and (ii) arrange for a third party contractor responsible for such construction to procure and maintain the insurance coverage stated in Exhibit C -1 -A during the period of time such third party contractor is constructing such improvements. Except during any period prior to the Active Period in which construction activity occurs on the Premises (which is governed by the preceding sentence) prior to the Active Period, Lessee shall, at its sole cost and expense, procure and maintain the insurance stated below. After the date on which Mobilization Train Movements begin, Lessee shall (i) procure and maintain the insurance required by the Joint Use Agreement, which shall also apply to the Premises, and (ii) during any time after the Mobilization Date in which there is construction activity occurring on the Premises arrange for a third party contractor responsible for such construction to procure and maintain the insurance coverage stated in Exhibit C -1 -13. It is understood by the parties that any insurance and indemnity of Lessee shall be excess of any insurance obtained by any third party contractor. The insurance to be maintained by Lessee during the Construction Period shall include the following: A. All risks property insurance covering all of Lessee's property including property in the care, custody or control of Lessee. Coverage shall include the following: ♦ Issued on a replacement cost basis. ♦ Shall provide that in respect of the interest of Lessor the insurance shall not be invalidated by any action or inaction of Lessee or any other person and shall insure the respective interests of Lessor as they appear, regardless of any breach or violation of any warranty, declaration or condition contained in such policies by Lessee or any other person. ♦ Include a standard loss payable endorsement naming Lessor as the loss payee as its interests may appear. Include a waiver of subrogation in favor of Lessor. BNSF - FRIDLEY Definite Term Lease — Land g Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement B. Commercial General Liability insurance. This insurance shall contain broad form contractual liability with a combined single limit of a minimum of $25,000,000, and shall cover all platform lease agreements, over and underpass agreements, and track agreements entered into by the parties. Coverage must be purchased on a post 1998 ISO occurrence form or equivalent and include coverage for, but not limited to, the following: ♦ Bodily Injury and Property Damage ♦ Personal Injury and Advertising Injury ♦ Fire legal liability ♦ Products and completed operations This policy shall also contain the following endorsements, which shall be indicated on the certificate of insurance: ♦ The employee and workers compensation related exclusions in the above policy shall not apply with respect to claims related to railroad employees. ♦ The definition of insured contract shall be amended to remove any exclusion or other limitation for any work being done within 50 feet of railroad property. ♦ Any exclusions related to the explosion, collapse and underground hazards shall be removed. No other endorsements limiting coverage may be included on the policy. C. Workers Compensation and Employers Liability insurance including coverage for, but not limited to: ♦ Lessee's statutory liability under the worker's compensation laws of the state(s) in which the work is to be performed. If optional under State law, the insurance must cover all employees anyway. ♦ Employers' Liability (Part B) with limits of at least $500,000 each accident, $500,000 by disease policy limit, $500,000 by disease each employee. D. Lessee shall procure Railroad Protective Liability insurance naming only the Lessor as the Insured with coverage of at least $2,000,000 per occurrence and $6,000,000 in the aggregate. The policy shall be issued on a standard ISO form CG 00 35 10 93 and include the following: ♦ Endorsed to include the Pollution Exclusion Amendment (ISO form CG 28 31 10 93) ♦ Endorsed to include the Limited Seepage and Pollution Endorsement. ♦ Endorsed to include Evacuation Expense Coverage Endorsement. ♦ Endorsed to remove any exclusion for punitive damages. ♦ No other endorsements restricting coverage may be added. ♦ The original policy must be provided to the Lessor prior to performing any work or services under this Lease Other Requirements for insurance to be carried during the Construction Period: 1. All policies (applying to coverage listed above) shall contain no exclusion for punitive damages and certificates of insurance shall reflect that no exclusion exists. 2. Lessee agrees to waive its right of recovery against Railroad for all claims and suits against Railroad. In addition, its insurers, through the terms of the policy or through policy endorsement, waive their right of subrogation against Railroad for all claims and suits. The certificate of insurance must reflect the waiver of subrogation endorsement. Lessee further waives its right of recovery, and its insurers also waive their right of subrogation against Railroad for loss of its owned or leased property or property under Lessee's care, custody or control. The parties hereto agree that the policy(ies) carried by Lessee during the Construction Period will also cover the insurance requirements for other platform agreements by and between the parties for Commuter Service platforms in other locations. 3. Lessee's insurance policies through policy endorsement must include wording which states that the policy shall be primary and non - contributing with respect to any insurance carried by Railroad. The certificate of insurance must reflect that the above wording is included in evidenced policies. 4. All policy(ies) required above (excluding Workers Compensation and if applicable, Railroad Protective) shall include a severability of interest endorsement and shall name Lessor as an additional insured with respect to work performed under this Lease. Severability of interest and naming Lessor as an additional insured shall be indicated on the certificate of insurance. BNSF - FRIDLEY Definite Term Lease — Land 10 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement 5. Lessee is not allowed to self - insure without the prior written consent of Railroad. If granted by Railroad, any deductible, self - insured retention or other financial responsibility for claims shall be covered directly by Lessee in lieu of insurance. Any and all Railroad liabilities that would otherwise, in accordance with the provisions of this Lease, be covered by Lessee's insurance will be covered as if Lessee elected not to include a deductible, self - insured retention or other financial responsibility for claims. 6. Prior to accessing the Premises, Lessee shall furnish to Railroad an acceptable certificate(s) of insurance including an original signature of the authorized representative evidencing the required coverage, endorsements, and amendments and referencing the contract audittfolder number if available. The policy(ies) shall contain a provision that obligates the insurance company(ies) issuing such policy(ies) to notify Railroad in writing at least 30 days prior to any cancellation, renewal, substitution or material alteration. This cancellation provision shall be indicated on the certificate of insurance. Upon request from Railroad, a certified duplicate original of any required policy shall be furnished. 7. Any insurance policy shall be written by a reputable insurance company acceptable to Railroad or with a current Best's Guide Rating of A- and Class VII or better, and authorized to do business in the state(s) in which the Premises is located. 8. Not more frequently than once every five years, Railroad may reasonably modify the required insurance coverage (including the requirements contained in Exhibit C -1 -B) to reflect then - current risk management practices in the railroad industry and underwriting practices in the insurance industry. 9. If any portion of the operation is to be contracted by Lessee, Lessee shall require that the contractor shall provide and maintain insurance coverages as set forth herein, naming Railroad as an additional insured, and shall require that the contractor shall release, defend and indemnify Railroad to the same extent and under the same terms and conditions as Lessee is required to release, defend and indemnify Railroad herein. 10. Failure to provide evidence as required by this Section shall be a default under this Lease. Acceptance of a certificate that does not comply with this Section shall not operate as a waiver of Lessee's obligations hereunder. 11. The fact that insurance (including, without limitation, self - insurance) is obtained by Lessee shall not be deemed to release or diminish the liability of Lessee including, without limitation, liability under the indemnity provisions of this Lease. Damages recoverable by Railroad shall not be limited by the amount of the required insurance coverage. In the event that Lessee cannot or does not obtain the insurance coverage required under this Lease, or if such insurance is initially procured but later lapses for any reason or is no longer commercially available, Lessee shall immediately give Lessor actual notice of such lapse, the Parties agree to negotiate in good faith for equivalent protection for Lessor, and if agreement is not reached regarding the equivalent protection, then upon actual notice by Lessor to Lessee, Lessee shall immediately suspend operations until such time as the insurance required by this Section, or equivalent protection, is obtained. If insurance required under this Section or equivalent protection is, for any reason, not in place, then Lessor shall have the right, but not the duty, to purchase such insurance. In the event Lessor chooses to procure such insurance, Lessee shall reimburse Lessor for the actual cost of such insurance, provided that Lessee shall first have the right to refute the cost as unreasonable. In the event that Lessor chooses not to purchase such insurance, or Lessee refutes the cost of such insurance as unreasonable, then operations shall continue to be suspended unless Lessor agrees in writing to permit operations without insurance or with less insurance coverage than required herein. Lessor shall have no obligation to agree to permit such operations pursuant to the preceding sentence and no such agreement shall relieve Lessee of its obligations under this Lease. In the event a dispute over the equivalency of protection results in temporary suspension of operations, the Parties agree to submit the dispute to expedited arbitration under Article X of the Joint Use Agreement. For purposes of this Section, Railroad shall mean Lessor or "Burlington Northern Santa Fe Corporation" and the subsidiaries, successors, assigns and affiliates of each. Section 19. Water Rights and Use of Wells. This Lease does not grant, convey or transfer any right to the use of water under any water right owned or claimed by the Lessor which may be appurtenant to the Premises. All right, title, and interest in and to such water is expressly reserved unto Lessor, and the right to use same or any part thereof may be obtained only by the prior written consent of the Lessor. Lessee shall not use, install or permit to be installed or used any wells on the Premises without the prior written consent of Lessor. BNSF - FRIDLEY Definite Term Lease — Land 11 Form 401; Rev. 04/26/05 MEBB: 523141v4 Section 20. Default. Exhibit C to Fridley Master Agreement A. An "Event of Default" by Lessee shall have occurred hereunder if any of the following shall occur: (i) if Lessee violates any safety provision contained in this Lease which Lessee fails to cure within 30 days of receipt of written notice by Lessor to Lessee, which period shall be extended as may be reasonably required to effect a cure; (ii) if Lessee fails to pay rent or any other monetary payment hereunder when due or fails to perform any other obligations under this Lease and (i) as to monetary payments, such failure continues thirty (30) days after written notice from Lessor to Lessee of Lessee's failure to make such payment, or (ii) as to non - monetary obligations under this Lease, such failure continues thirty (30) days (or such period as may be reasonably required to effect a cure) after written notice from Lessor to Lessee of Lessee's failure to perform such obligations; (iii) if the Premises is permanently abandoned or vacated by Lessee; or (iv) if the Joint Use Agreement is terminated. B. In the event of an Event of Default as provided above, Lessor may, at its option, (i) terminate this Lease by serving one (1) year's notice in writing upon Lessee (except in the event of (iv) above in which no additional notice shall be required), in which event Lessee shall immediately following the first anniversary of receipt of such notice surrender possession of the Premises to Lessor, without prejudice to any claim for arrears of rent or breach of covenant, (ii) proceed by alternative dispute resoliution ( "ADR ") or appropriate judicial proceedings, either at law or in equity, to enforce performance or observance by Lessee of the applicable provisions of this Lease or to recover damages for a breach thereof, or (iii) cure the default by making any such payment or performing any such obligation, as applicable, at Lessee's sole expense, without waiving or releasing Lessee from any obligation. In the event of termination of the Joint Use Agreement, Lessor may (i) immediately terminate this Lease by notice in writing upon Lessee, in which event Lessee shall immediately surrender possession of the Premises to Lessor, without prejudice to any claim for arrears of rent or breach of covenant, (ii) proceed by ADR or appropriate judicial proceedings, either at law or in equity, to enforce performance or observance by Lessee of the applicable provisions of this Lease or to recover damages for a breach thereof, or (iii) cure the default by making any such payment or performing any such obligation, as applicable, at Lessee's sole expense, without waiving or releasing Lessee from any obligation. The foregoing rights and remedies given to Lessor are and shall be deemed to be cumulative and the exercise of any of them shall not be deemed to be an election excluding the exercise by Lessor at any time of a different or inconsistent remedy. If, on account of breach or default by Lessee of any of Lessee's obligations hereunder, it shall become necessary for the Lessor to employ an attorney to enforce or defend any of Lessor's rights or remedies hereunder, then, in any such event, any reasonable amount incurred by Lessor for attorneys' fees shall be paid by Lessee. Any waiver by Lessor of any default or defaults of this Lease or any delay of Lessor in enforcing any remedy set forth herein shall not constitute a waiver of the right to pursue any remedy at a later date or terminate this Lease for any subsequent default or defaults, nor shall any such waiver in any way affect Lessor's ability to enforce any Section of this Lease. The remedies set forth in this Section shall be in addition to, and not in limitation of, any other remedies that Lessor may have at law or in equity, and the applicable statutory period for the enforcement of a remedy will not commence until Lessor has actual knowledge of a breach or default and Lessor has provided to Lessee written notice of such breach or default. Section 21. Termination. Upon the termination of Lessee's tenancy under this Lease in any manner herein provided, Lessee shall relinquish possession of the Premises and shall remove any Lessee Improvements (unless Lessor has purchased same in accordance with the provisions hereof), and restore the Premises to substantially the state and environmental condition in which it was prior to Lessee's use ( "Restoration Obligations "). If Lessee shall fail within thirty (30) days after the date of such termination of its tenancy to complete the Restoration Obligations; then Lessor may, at its election (i) either remove the Lessee Improvements or otherwise restore the Premises, and in such event Lessee shall, within thirty (30) days after receipt of bill therefor, reimburse Lessor for cost incurred, (ii) upon written notice to Lessee may take and hold any Lessee Improvements and personal property as its sole property, without payment or obligation to Lessee therefor, or (iii) specifically enforce Lessee's obligation to restore and /or pursue any remedy at law or in equity against Lessee for failure to so restore. Further, in the event Lessor has consented to Lessee Improvements remaining on the Premises following termination, or in the event Lessor has elected to purchase the same as provided herein, Lessee shall, upon request by Lessor, provide a Bill of Sale in a form acceptable to Lessor conveying such Lessee Improvements to Lessor. BNSF - FRIDLEY Definite Term Lease — Land 12 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement Section 22. Survival of Obligations. Notwithstanding any expiration or other termination of this Lease, all of Lessee's indemnification obligations and any other obligations that have accrued but have not been satisfied under this Lease prior to the termination date shall survive such termination. Section 23. Holding Over. If Lessee fails to surrender the Premises to Lessor upon the expiration of the Term or upon any other termination of this Lease, and Lessor does not consent in writing to Lessee's holding over, then such holding over will be deemed a month -to -month tenancy. Lessee's holdover will be subject to all provisions of this Lease. Section 24. Multiple Party Lessee. In the event that Lessee consists of two or more parties, all the covenants and agreements of Lessee herein contained shall be the joint and several covenants and agreements of such parties. Section 25. Damage or Destruction. If at any time during the Term, the Premises are damaged or destroyed by fire or other casualty, then Lessee may terminate this Lease or repair and reconstruct the Premises to substantially the same condition in which the Premises existed immediately prior to the damage or destruction. Section 26. Eminent Domain. If the entire Premises are at any time after execution of this Lease taken by public use or condemned under eminent domain (but not by Lessor), then this Lease shall terminate and expire effective the date of such taking and Lessee shall be entitled to the entire proceeds of such condemnation pertaining to the Premises. In the event of a partial taking of the Premises, Lessee shall have the right to either: (i) terminate this Lease, or (ii) keep this Lease in effect and retain all of the condemnation award pertaining to the Premises (excluding the underlying fee interest). Lessor hereby assigns to Lessee, as provided above, any rights that Lessor has to receive condemnation proceeds pertaining to the Premises except those proceeds attributable to the underlying fee interest. In the event of either a complete or partial condemnation of the Premises, Lessee shall be entitled to damages for the taking of its leasehold estate or the diminution of the value of such estate, plus a claim for any and all leasehold improvements to the Premises or material alterations and a claim for loss of business, damage to fixtures, removal and reinstallation costs and moving expenses. If the portion of the Premises remaining after a partial taking is inadequate for the continued operation of Lessee's business at the Premises, in Lessee's reasonable business judgment, Lessee shall have the right to terminate this Lease. In the event of such a termination, Lessor and Lessee shall execute a new lease for the relocated platform at a new location mutually acceptable to the State, the Lessor, and the Lessee, on substantially the same the terms and conditions as are contained herein. Section 27. Representations. Neither Lessor nor Lessor's agents have made any representations or promises with respect to the Premises except as herein expressly set forth. Section 28. Intentionally Deleted. Section 29. Consents and Approvals. Except as otherwise provided herein, whenever in this Lease Lessor's consent or approval is required, such consent or approval shall be in Lessor's sole discretion. In the event a conflict arises due to such consent or approval (or lack of either), or in the event of any other conflict hereunder, the parties hereto agree to submit such conflict to the alternative dispute resolution procedures set forth in the Joint Use Agreement. Section 30. Captions. The captions are inserted only as a matter of convenience and for reference, and in no way define, limit or describe the scope of this Lease nor the intent of any provision thereof. BNSF - FRIDLEY Definite Term Lease — Land 13 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement Section 31. Public Record. It is understood and agreed that a memorandum of this Lease, shall be placed of public record. Section 32. Governing Law. All questions concerning the interpretation or application of provisions of this Lease shall be decided according to the substantive laws of the state in which the Premises are located. Section 33. No Waiver. One or more waivers of any covenant, term, or condition of this Lease by Lessor shall not be construed as a waiver of a subsequent breach of the same covenant, term, or condition. The consent or approval by Lessor to or of any act by Lessee requiring such consent or approval shall not be deemed to waive or render unnecessary consent to or approval of any subsequent similar act. Section 34. Binding Effect. All provisions contained in this Lease shall be binding upon, inure to the benefit of, and be enforceable by the respective successors and assigns of Lessor and Lessee to the same extent as if each such successor and assign was named a party to this Lease. Section 35. Force Maieure. Except as may be elsewhere specifically provided in this Lease, if either party is delayed or hindered in, or prevented from the performance required under this Lease (except for payment of monetary obligations) by reason of earthquakes, landslides, strikes, lockouts, labor troubles, failure of power, riots, insurrection, war, acts of God or other reason of the like nature not the fault of the party delayed in performance of its obligation, such party is excused from such performance for the period of delay. The period for the performance of any such act will then be extended for the period of such delay. Section 36. Entire Agreement/Modification. This Lease, the Joint Use Agreement, and the Service Agreement are the full and complete agreements between Lessor and Lessee with respect to all matters relating to lease of the Premises and to the extent of an express conflict between this Lease, the Joint Use Agreement, the Service Agreement or any other agreement by and between the parties, the provisions of the Joint Use Agreement shall control. The parties acknowledge and agree that the provisions of Sections 14 and 18 of this Lease supplement the terms of the Joint Use Agreement and any Service Agreement. This Lease may be modified only by a written agreement signed by Lessor and Lessee. Section 37. Notices. Any notice or documents required or permitted to be given hereunder by one party to the other shall be in writing and the same shall be given or shall be deemed to have been served and given if (i) delivered in person to the address hereinafter set forth for the party to whom the notice is given, (ii) placed in the United States mail, certified - return receipt requested, addressed to such party at the address hereinafter set forth, or (iii) deposited into the custody of any reputable overnight carrier for next day delivery, addressed to such party at the address hereinafter set forth. Any notice mailed as above shall be effective upon its deposit into the custody of the U. S. Postal Service or such reputable overnight carrier, as applicable; all other notices shall be effective upon receipt. All rent and other payments due to Lessor hereunder shall also be made as provided in Section 4(A) above, and delivery of such rental and other payments shall only be effective upon actual receipt by Lessor. From time to time either party may designate another address or telecopy number within the 48 contiguous states of the United States of America for all purposes of this Lease by giving the other party not less than fifteen (15) days' advance written notice of such change of address in accordance with the provisions hereof. If to Lessee: The Metropolitan Council BNSF - FRIDLEY Definite Term Lease — Land 14 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement 390 N. Robert Street Saint Paul, Minnesota 55101 Attn: Regional Administrator If to Lessor: BNSF Railway Company 2500 Lou Menk Drive, AOB -3 Fort Worth, Texas 76131 -2828 Attn: Passenger Operations With a copy to: Staubach Global Services - RR, Inc. 3017 Lou Menk Drive, Suite 100 Fort Worth, Texas 76131 -2800 Attn: Leases Section 38. Counterparts. This Lease may be executed in multiple counterparts, each of which shall, for all purposes, be deemed an original but which together shall constitute one and the same instrument, and the signature pages from any counterpart may be appended to any other counterpart to assemble fully executed documents, and counterparts of this Lease may also be exchanged via electronic facsimile machines and any electronic facsimile of any party's signature shall be deemed to be an original signature for all purposes. Section 39. Relationship. Notwithstanding anything else herein to the contrary, neither party hereto shall be construed or held, by virtue of this Lease, to be the agent, partner, joint venturer, or associate of the other party hereto, it being expressly understood and agreed that the relationship between the parties hereto is and at all times during the Term of this Lease, shall remain that of Lessor and Lessee. Section 40. Severability. If any clause or provision of this Lease is illegal, invalid or unenforceable under present or future laws effective during the term of this Lease, then and in that event, it is the intention of the parties hereto that the remainder of this Lease shall not be affected thereby, and it is also the intention of the parties to this Lease that in lieu of each clause or provision of this Lease that is illegal, invalid or unenforceable, there be added, as a part of this Lease, a clause or provision as similar in terms to such illegal, invalid or unenforceable clause or provision as may be possible and be legal, valid and enforceable. Section 41. Transferability Release of Lessor. Lessor shall have the right to transfer and assign, in whole or in part, all of its rights and obligations under this Lease and in the Premises only to the transferee of its rights and obligations under the Joint Use Agreement or to the holder or transferee of the easements rights conveyed by the Purchase and Sale Agreement, and upon such transfer, Lessor shall be released from any further obligations hereunder, and Lessee agrees to look solely to the successor in interest of Lessor for the performance of such obligations. Section 42. Tax Waiver. Lessee waives all rights pursuant to all Laws to protest appraised values or receive notice of reappraisal regarding the Premises (including Lessor's personalty), irrespective of whether Lessor contests the same. Section 43. Attorneys' Fees. BNSF - FRIDLEY Definite Term Lease— Land 15 Form 401; Rev. 04 /26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement If any action at law or in equity is necessary to enforce or interpret the terms of this Lease, the prevailing party shall be entitled to reasonable attomeys' fees, costs, and necessary disbursements in addition to any relief to which it may be entitled. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] BNSF - FRIDLEY Definite Term Lease — Land 16 Farm 401; Rev. 04/26/05 MEBB: 523141v4 Executed by the parties to be effective as of the Effective Date set forth above. LESSOR BNSF Railway Company By: Name: Title: Exhibit C to Fridley Master Agreement Richard E. Weicher Vice President & General Counsel - Regulatory [SIGNATURE PAGE TO PLATFORM AGREEMENT — FRIDLEY STATION] BNSF - FRIDLEY Definite Tenn Lease — Land 17 Form 401; Rev. 04/26/05 MEBB: 523141v4 LESSEE THE METROPOLITAN COUNCIL By: Name: Title: [SIGNATURE PAGE TO PLATFORM AGREEMENT — FRIDLEY STATION] Exhibit C to Fridley Master Agreement BNSF - FRIDLEY Definite Term Lease — Land 18 Form 401; Rev. 04/26/05 MEBB: 523141v4 May 31, 2007 2700 - NSR- 25(H)- FRIDLEY Exhibit C to Fridley Master Agreement EXHIBIT A PREMISES STATION DESCRIPTION FOR FRIDLEY Parcel 25(H) C.S. 2700 (XXX) NSR S.P. 9901 -01 That part of Tract A described below: Tract A. The right of way of the BNSF Railway Company varying in width, over and across the Southeast Quarter of the Southeast Quarter of Section 15 and the Northeast Quarter of the Northeast Quarter of Section 22, both in Township 30 North, Range 24 West, Anoka County, Minnesota; which lies within a distance of 35.33 feet westerly (measured at right angles) of Line 1 described below: Line 1: Commencing at the intersection of the south line of said Section 15 with a line run parallel with and distant 5.33 feet westerly from the existing BNSF Main 2 centerline as it exists from time to time; thence southerly along said 5.33 foot parallel line for 530.69 feet to the point of beginning of Line 1 to be described; thence northerly along said 5.33 foot parallel line for 530.69 feet; thence continuing northerly along the northerly prolongation of said parallel line for 469.31 feet and there terminating. BNSF - FRIDLEY Definite Term Lease — Land 19 Form 401; Rev. 04/26/05 MEBB: 523141v4 EXHIBIT B Exhibit C to Fridley Master Agreement WORK LETTER AGREEMENT THIS WORK LETTER AGREEMENT (the "Agreement ") supplements that certain Definite Term Lease for Land ( "Lease ") dated May 31, 2007, by and between BNSF Railway Company, a Delaware corporation ( "Lessor") and THE METROPOLITAN COUNCIL, a public corporation and political subdivision of the State of Minnesota ( "Lessee "). In the event of an express conflict between the provisions of the Lease and the provisions of the Work Letter Agreement, the provisions of the Lease shall control. Unless the context otherwise requires, capitalized terms not defined herein shall have the meaning assigned to such terms in the Lease. In the event Lessee uses one or more general contractors or subcontractors ( "Contractor(s) ") for any improvements, alterations, build out, finish out, or other similar work on the Premises ("Work "), Lessee agrees to and accepts the following: 1. Prior to performing any Work, Lessee shall obtain Lessor's approval of each Contractor and any Work to be performed by such Contractor shall be performed pursuant to a written contract between Lessee and the Contractor ("Work Contract ") approved in advance by Lessor. 2. Prior to commencing any Work, Lessee shall submit for Lessor's review and approval Lessee's Required Detail in accordance with the procedure set forth in the Lease. 3. All Work must be performed at Lessee's sole cost and expense and in accordance with the Required Detail which have previously been approved by Lessor. 4. Lessee shall cause its Contractors to meet all insurance and indemnification requirements required of Lessee under the Lease. 5. Prior to the commencement of the Work, all required local building, fire, health and other departments must approve all plans and specifications, including the Required Detail, requiring approval by local building codes. In addition, the Work shall be performed, installed and /or constructed in accordance with all applicable federal, state and local laws, codes, ordinances, rules and regulations, including without limitation, the Americans With Disabilities Act of 1990, 42 U.S.C.A. 12101 et seq. 6. Lessee shall be responsible for obtaining all municipal and other governmental licenses or permits for the Work with copies furnished to Lessor prior to commencement of any construction. 7. Lessee shall fumish Lessor a copy of its schedule of the Work. 8. Notwithstanding the status of the completion of the Work, Lessee's obligation for payment of Base Rent and other amounts due under the Lease shall commence on the Commencement Date provided in the Lease. Notwithstanding anything herein to the contrary, Lessor may, in Lessor's sole discretion, permit Lessee and Lessee's Contractors to enter the Premises prior to the Commencement Date in order to commence Work; provided, however, that Lessee agrees that such early entry or occupation of the Premises shall be governed by all of the terms and conditions of the Lease and this Lease (including the insurance and indemnity requirements therein), as such terms and conditions are more specifically set forth in the Lease and this Lease. Lessee. 9. During construction, Lessor reserves the right to inspect the Work at any time upon reasonable notice to Work. 10. Lessee's Contractors shall keep the Premises reasonably clean at all times during the performance of the 11. All Work must be performed in a good and workmanlike manner, free from defects in materials and workmanship. 12. If any materialman's, mechanic's, laborer's or any other liens for any work claimed to have been undertaken for Lessee or at Lessee's request is filed against the Premises, Lessee shall indemnify, defend and hold BNSF - FRIDLEY Definite Term Lease — Land 20 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement harmless Lessor from any such liens filed during the term of the Lease and shall, at Lessee's own expense, cause all such liens to be removed within ten (10) days after written notice from Lessor to Lessee of the filing thereof. At the time Work is complete, Lessee agrees to provide to Lessor a set of as- builts plans for the Work. 13. All guarantees and warranties provided by Lessee's Contractors shall be issued to Lessee and, for Work which is or will at the termination of this Lease be Lessor's property, also to Lessor. BNSF - FRIDLEY Definite Term Lease — Land 21 Form 401; Rev. 04 /26/05 MEBB: 523141v4 EXHIBIT C CONTRACTOR REQUIREMENTS 1.01 General Exhibit C to Fridley Master Agreement 1.01.01 The Contractor must cooperate with BNSF RAILWAY COMPANY, hereinafter referred to as "Railway" where work is over or under on or adjacent to Railway property and/or right -of -way, hereafter referred to as "Railway Property", during the construction of the Commuter Service Platform and related improvements. 1.01.02 The Contractor must execute and deliver to the Railway duplicate copies of the Exhibit "C -1" Agreement, in the form attached hereto, obligating the Contractor to provide and maintain in full force and effect the insurance called for under Section 3 of said Exhibit "C -1 ". Questions regarding procurement of the Railroad Protective Liability Insurance should be directed to Rosa Martinez at Marsh, USA, 214 - 303 -8519. 1.01.03 The Contractor must plan, schedule and conduct all work activities so as not to interfere with the movement of any trains on Railway Property. 1.01.04 The Contractor's right to enter Railway's Property is subject to the absolute right of Railway to cause the Contractor's work on Railway's Property to cease if, in the opinion of Railway, Contractor's activities create a hazard to Railway's Property, employees, and/or operations. 1.01.05 The Contractor is responsible for determining and complying with all Federal, State and Local Governmental laws and regulations, including, but not limited to environmental laws and regulations (including but not limited to the Resource Conservation and Recovery Act, as amended; the Clean Water Act, the Oil Pollution Act, the Hazardous Materials Transportation Act, CERCLA), and health and safety laws and regulations. The Contractor hereby indemnifies, defends and holds harmless Railway for, from and against all fines or penalties imposed or assessed by Federal, State and Local Governmental Agencies against the Railway which arise out of Contractor's work under this Agreement. 1.01.06 The Contractor must notify the Met Council or whoever globally (Agency) at and Railway's Manager Public Projects, telephone number (763) 782 -3478 or his successor or designee at least thirty (30) calendar days before commencing any work on Railway Property. Contractors notification to Railway, must refer to Railroad's file 1.01.07 For any falsework above any tracks or any excavations located, whichever is greater, within twenty -five (25) feet of the nearest track or intersecting a slope from the plane of the top of rail on a 1 %z horizontal to 1 vertical slope beginning at eleven (11) feet from centerline of the nearest track, both measured perpendicular to center line of track, the Contractor must furnish the Railway five sets of working drawings showing details of construction affecting Railway Property and tracks. The working drawing must include the proposed method of installation and removal of falsework, shoring or cribbing, not included in the Required Detail and two sets of structural calculations of any falsework, shoring or cribbing. All calculations must take into consideration railway surcharge loading and must be designed to meet American Railway Engineering and Maintenance -of -Way Association (previously known as American Railway Engineering Association) Coopers E -80 live loading standard. All drawings and calculations must be stamped by a registered professional engineer licensed to practice in the state the project is located. The Contractor must not begin work until notified by the Railway that the Required Detail have been approved. The Contractor will be required to use lifting devices such as, cranes and/or winches to place or to remove any falsework over Railway's tracks. In no case will the Contractor be relieved of responsibility for results obtained by the implementation of said approved Required Detail. 1.01.08 Subject to the movement of Railway's trains, Railway will cooperate with the Contractor such that the work may be handled and performed in an efficient manner. The Contractor will have no claim whatsoever for any type of damages or for extra or additional compensation in the event his work is delayed by the Railway. 1.02 Contractor Safety Orientation 1.02.01 No employee of the Contractor, its subcontractors, agents or invitees may enter Railway Property without first having completed Railway's Engineering Contractor Safety Orientation, found on the web site www.contractororientation.com. The Contractor must ensure that each of its employees, subcontractors, agents or invitees completes Railway's Engineering Contractor Safety Orientation through internet sessions before any work is performed on the Project. Additionally, the Contractor must ensure that each and every one of its employees, subcontractors, agents or BNSF - FRIDLEY Definite Term Lease— Land 22 Form 401; Rev. 04 /26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement invitees possesses a card certifying completion of the Railway Contractor Safety Orientation before en tering Railway Property. The Contractor is responsible for the cost of the Railway Contractor Safety Orientation. The Contractor must renew the Railway Contractor Safety Orientation annually. Further clarification can be found on the web site or from the Railway's Representative. 1.03 Railway Requirements 1.03.01 The Contractor must take protective measures as are necessary to keep railway facilities, including track ballast, free of sand, debris, and other foreign objects and materials resulting from his operations. Any damage to railway facilities resulting from Contractor's operations will be repaired or replaced by Railway and the cost of such repairs or replacement must be paid for by the Agency. 1.03.02 The Contractor must notify the Railway's Division Superintendent at and provide blasting plans to the Railway for review seven (7) calendar days prior to conducting any blasting operations adjacent to or on Railway's Property. 1.03.03 The Contractor must abide by the following temporary clearances during construction: 15' Horizontally from centerline of nearest track 21' -6" Vertically above top of rail 27' -0" Vertically above top of rail for electric wires carrying less than 750 volts 28' -0" Vertically above top of rail for electric wires carrying 750 volts to 15,000 volts 30' -0" Vertically above top of rail for electric wires carrying 15,000 volts to 20,000 volts 34' -0" Vertically above top of rail for electric wires carrying more than 20,000 volts 1.03.04 Upon completion of construction, the following clearances shall be maintained: 25' Horizontally from centerline of nearest track 23' -3 W Vertically above top of rail 1.03.05 Any infringement within State statutory clearances due to the Contractor's operations must be submitted to the Railway and to the (Agency) and must not be undertaken until approved in writing by the Railway, and until the (Agency has obtained any necessary authorization from the State Regulatory Authority for the infringement. No extra compensation will be allowed in the event the Contractor's work is delayed pending Railway approval, and/or the State Regulatory Authority's approval. 1.03.06 In the case of impaired vertical clearance above top of rail, Railway will have the option of installing tell -tales or other protective devices Railway deems necessary for protection of Railway operations. The cost of tell -tales or protective devices will be bome by the Agency. 1.03.07 The details of construction affecting the Railway's Property and tracks not included in the contract specifications must be submitted to the Railway by (Agency) for approval before work is undertaken and this work must not be undertaken until approved by the Railway. 1.03.08 At other than public road crossings, the Contractor must not move any equipment or materials across Railway's tracks until permission has been obtained from the Railway. The Contractor must obtain a "Temporary Private Crossing Agreement" from the Railway prior to moving his equipment or materials across the Railways tracks. The temporary crossing must be gated and locked at all times when not required for use by the Contractor. The temporary crossing for use of the Contractor will be at the expense of the Contractor. 1.03.09 Discharge, release or spill on the Railway Property of any hazardous substances, oil, petroleum, constituents, pollutants, contaminants, or any hazardous waste is prohibited and Contractor must immediately notify the Railway's Resource Operations Center at 1(800) 832 -5452, of any discharge, release or spills in excess of a reportable quantity. Contractor must not allow Railway Property to become a treatment, storage or transfer facility as those terms are defined in the Resource Conservation and Recovery Act or any state analogue. 1.03.10 The Contractor upon completion of the work covered by this contract, must promptly remove from the Railway's Property all of Contractor's tools, equipment, implements and other materials, whether brought upon said property by said Contractor or any Subcontractor, employee or agent of Contractor or of any Subcontractor, and must cause Railway's Property to be left in a condition acceptable to the Railway's representative. BNSF - FRIDLEY Definite Term Lease — Land 23 Form 401; Rev. 04/26/05 MEBB:523141v4 Exhibit C to Fridley Master Agreement 1.04 Contractor Roadway Worker on Track Safety Program and Safety Action Plan 1.04.01 Each Contractor that will perform work within 25 feet of the centerline of a track must develop and implement a Roadway Worker Protection /On Track Safety Program and work with Railway Project Representative to develop an on track safety strategy as described in the guidelines listed in the on track safety portion of the Safety Orientation. This Program must provide Roadway Worker protection/on track training for all employees of the Contractor, its subcontractors, agents or invitees. This training is reinforced at the job site through job safety briefings. Additionally, each Contractor must develop and implement the Safety Action Plan, as provided for on the web site www.contractororientation.com which will be made available to Railway prior to commencement of any work on Railway Property. During the performance of work, the Contractor must audit its work activities. The Contractor must designate an on -site Project Supervisor who will serve as the contact person for the Railway and who will maintain a copy of the Safety Action Plan, safety audits, and Material Safety Datasheets (MSDS), at the job site. 1.05 Protection of Railway Facilities and Railway Flagger Services: 1.05.01 The Contractor must give Railway's Roadmaster (telephone ) a minimum of thirty (30) calendar days advance notice when flagging services will be required so that the Roadmaster can make appropriate arrangements (i.e., bulletin the flagger's position). If flagging services are scheduled in advance by the Contractor and it is subsequently determined by the parties hereto that such services are no longer necessary, the Contractor must give the Roadmaster five (5) working days advance notice so that appropriate arrangements can be made to abolish the position pursuant to union requirements. 1.05.02 Unless determined otherwise by Railway's Project Representative, Railway flagger and protective services and devices will be required and furnished when Contractor's work activities are located over, under and/or within twenty-five (25) feet measured horizontally from centerline of the nearest track and when cranes or similar equipment positioned beyond 25 -feet from the track centerline could foul the track in the event of tip over or other catastrophic occurrence, but not limited thereto for the following conditions: 1.05.02a When in the opinion of the Railway's Representative it is necessary to safeguard Railway's Property, employees, trains, engines and facilities. 1.05.02b When any excavation is performed below the bottom of tie elevation, it in the opinion of Railway's representative, track or other Railway facilities may be subject to movement or settlement. 1.05.02c When work in any way interferes with the safe operation of trains at timetable speeds. 1.05.02d When any hazard is presented to Railway track, communications, signal, electrical, or other facilities either due to persons, material, equipment or blasting in the vicinity. 1.05.02e Special permission must be obtained from the Railway before moving heavy or cumbersome objects or equipment which might result in making the track impassable. 1.05.03 Flagging services will be performed by qualified Railway flaggers. 1.05.03a Flagging crew generally consists of one employee. However, additional personnel may be required to protect Railway Property and operations, if deemed necessary by the Railways Representative. 1.05.03b Each time a flagger is called, the minimum period for billing will be the eight (8) hour basic day. 1.05.03c The cost of flagger services provided by the Railway, when deemed necessary by the Railway's representative, will be borne by the (Agency) . The estimated cost for one (1) flagger is $800.00 for an eight (8) hour basic day with time and one -half or double time for overtime, rest days and holidays. The estimated cost for each flagger includes vacation allowance, paid holidays, Railway and unemployment insurance, public liability and property damage insurance, health and welfare benefits, transportation, meals, lodging and supervision. Negotiations for Railway labor or collective bargaining agreements and rate changes authorized by appropriate Federal authorities may increase actual or estimated flagging rates. The flagging rate in effect at the time of performance by the Contractor hereunder will be used to calculate the actual costs of flagging pursuant to this paragraph. 1.05.03d The average train traffic on this route is freight trains per 24 -hour period at a timetable speed MPH and passenger trains at a timetable speed of MPH. BNSF - FRIDLEY Definite Term Lease — Land 24 Form 401; Rev. 04126/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement 1.06 Contractor General Safety Requirements 1.06.01 Work in the proximity of railway track(s) is potentially hazardous where movement of trains and equipment can occur at any time and in any direction. All work performed by contractors within 25 feet of any track must be in compliance with FRA Roadway Worker Protection Regulations. 1.06.02 Before beginning any task on Railway Property, a thorough job safety briefing must be conducted with all personnel. involved with the task and repeated when the personnel or task changes. If the task is within 25 feet of any track, the job briefing must include the Railway's flagger, as applicable, and include the procedures the Contractor will use to protect its employees, subcontractors, agents or invitees from moving any equipment adjacent to or across any Railway track(s). 1.06.03 Workers must not work within 25 feet of the centerline of any track without an on track safety strategy approved by the Railway's Project Representative. When authority is provided, every contractor employee must know: (1) who the Railway flagger is, and how to contact the flagger, (2) limits of the authority, (3) the method of communication to stop and resume work, and (4) location of the designated places of safety. Persons or equipment entering flag/work limits that were not previously job briefed, must notify the flagger immediately, and be given a job briefing when working within 25 feet of the center line of track. 1.06.04 When Contractor employees are required to work on the Railway Property after normal working hours or on weekends, the Railroad's representative in charge of the project must be notified. A minimum of two employees must be present at all times. 1.06.05 Any employees, agents or invitees of Contractor or its subcontractors under suspicion of being under the influence of drugs or alcohol, or in the possession of same, will be removed from the Railway's Property and subsequently released to the custody of a representative of Contractor management. Future access to the Railway's Property by that employee will be denied. 1.06.06 Any damage to Railway Property, or any hazard noticed on passing trains must be reported immediately to the Railway's representative in charge of the project. Any vehicle or machine which may come in contact with track, signal equipment, or structure (bridge) and could result in a train derailment must be reported immediately to the Railway representative in charge -of the project and to the Railway's Resource Operations Center at 1(800) 832 -5452. Local emergency numbers are to be obtained from the Railway representative in charge of the project prior to the start of any work and must be posted at the job site. 1.06.07 For safety reasons, all persons are prohibited from having pocket knives, firearms or other deadly weapons in their possession while working on Railway's Property. 1.06.08 All personnel protective equipment (PPE) used on Railway Property must meet applicable OSHA and ANSI specifications. Current Railway personnel protective equipment requirements are listed on the web site, www.contractororientation.com, however, a partial list of the requirements include: a) safety glasses with permanently affixed side shields (no yellow lenses); b) hard hats c) safety shoe with: hardened toes, above - the -ankle lace -up and a defined heel; and d) high visibility retro - reflective work wear. The Railroad's representative in charge of the project is to be contacted regarding local specifications for meeting requirements relating to hi- visability work wear. Hearing protection, fall protection, gloves, and respirators must be worn as required by State and Federal regulations. (NOTE — Should there be a discre anc between the information contained on the web site and the information in this uaraeranh the web site will govern. 1.06.09 THE CONTRACTOR MUST NOT PILE OR STORE ANY MATERIALS, MACHINERY OR EQUIPMENT CLOSER THAN 25' -0" TO THE CENTER LINE OF THE NEAREST RAILWAY TRACK. MATERIALS, MACHINERY OR EQUIPMENT MUST NOT BE STORED OR LEFT WITHIN 250 FEET OF ANY HIGHWAY/RAM AT -GRADE CROSSINGS, WHERE STORAGE OF THE SAME WILL OBSTRUCT THE VIEW OF A TRAIN APPROACHING THE CROSSING. PRIOR TO BEGINNING WORK, THE CONTRACTOR MUST ESTABLISH A STORAGE AREA WITH CONCURRENCE OF THE RAILROAD'S REPRESENTATIVE. 1.06.10 Machines or vehicles must not be left unattended with the engine running. Parked machines or equipment must be in gear with brakes set and if equipped with blade, pan or bucket, they must be lowered to the ground. All machinery and equipment left unattended on Railway's Property must be left inoperable and secured.against movement. (See internet Engineering Contractor Safety Orientation program for more detailed specifications) 1.06.11 Workers must not create and leave any conditions at the work site that would interfere with water drainage. Any work performed over water must meet all Federal, State and Local regulations. BNSF - FRIDLEY Definite Term Lease — Land 25 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement 1.06.12 All power line wires must be considered dangerous and of high. voltage unless informed to the contrary by proper authority. For all power lines the minimum clearance between the lines and any part of the equipment or load must be; 200 KV or below - 15 feet; 200 to 350 KV - 20 feet; 350 to 500 KV - 25 feet; 500 to 750 KV - 35 feet; and 750 to 1000 KV - 45 feet. If capacity of the line is not known, a minimum clearance of 45 feet must be maintained. A person must be designated to observe clearance of the equipment and give a timely warning for all operations where it is difficult for an operator to maintain the desired clearance by visual means. 1.07 Excavation 1.07.01 Before excavating, the Contractor must determine whether any underground pipe lines, electric wires, or cables, including fiber optic cable systems are present and located within the Project work area. The Contractor must determine whether excavation on Railway's Property could cause damage to buried cables resulting in delay to Railway traffic and disruption of service to users. Delays and disruptions to service may cause business interruptions involving loss of revenue and profits. Before commencing excavation, the Contractor must contact BNSF's Field Engineering Representative ( ).All underground and overhead wires will be considered HIGH VOLTAGE and dangerous until verified with the company having ownership of the line. It is the Contractor's responsibility to notify any other companies that have underground utilities in the area and arrange for the location of all underground utilities before excavating. 1.07.02 The Contractor must cease all work and notify the Railway immediately before continuing excavation in the area if obstructions are encountered which do not appear on drawings. If the obstruction is a utility and the owner of the utility can be identified, then the Contractor must also notify the owner immediately. If there is any doubt about the location of underground cables or lines of any kind, no work must be performed until the exact location has been determined. There will be no exceptions to these instructions. 1.07.03 All excavations must be conducted in compliance with applicable OSHA regulations and, regardless of depth, must be shored where there is any danger to tracks, structures or personnel. 1.07.04 Any excavations, holes or trenches on the Railway's Property must be covered, guarded and/or protected when not being worked on. When leaving work site areas at night and over weekends, the areas must be secured and left in a condition that will ensure that Railway employees and other personnel who may be working or passing through the area are protected from all hazards. All excavations must be back filled as soon as possible. 1.08 Hazardous Waste, Substances and Material Reporting 1.08.01 If Contractor discovers any hazardous waste, hazardous substance, petroleum or other deleterious material, including but not limited to any non - containerized commodity or material, on or adjacent to Railway's Property, in or near any surface water, swamp, wetlands or waterways, while performing any work under this Agreement, Contractor must immediately: (a) notify the Railway's Resource Operations Center at 1(800) 832 -5452, of such discovery: (b) take safeguards necessary to protect its employees, subcontractors, agents and/or third parties: and (c) exercise due care with respect to the release, including the taking of any appropriate measure to minimize the impact of such release. 1.09 Personal Injury Reporting 1.09.01 The Railway is required to report certain injuries as a part of compliance with Federal Railroad Administration (FRA) reporting requirements. Any personal injury sustained by an employee of the Contractor, subcontractor or Contractor's invitees while on the Railway's Property must be reported immediately (by phone mail if unable to contact in person) to the Railway's representative in charge of the project. The Non - Employee Personal Injury Data Collection Form contained herein is to be completed and sent by Fax to the Railway at 1(817) 352 -7595 and to the Railway's Project Representative no later than the close of shift on the date of the injury. BNSF - FRIDLEY Definite Term Lease — Land 26 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement NON - EMPLOYEE PERSONAL INJURY DATA COLLECTION INFORMATION REQUIRED TO BE COLLECTED PURSUANT TO FEDERAL REGULATION. IT SHOULD BE USED FOR COMPLIANCE WITH FEDERAL REGULATIONS ONLY AND IS NOT INTENDED TO PRESUME ACCEPTANCE OF RESPONSIBILITY OR LIABILITY. 1. Accident City/St 2. Date: Time: County: 3. Temperature: 4. Weather (if non - Railway location) 5. Social Security # 6. Name (last, fast, mi) 7. Address: Street: City: 8. Date of Birth: and/or Age Gender: (if available) 9 W Tniurv: (b) Body Part: (i.e. (a) Laceration (b) Hand) 11. Description of Accident (To include location, action, result, etc.): 12. Treatment: ? First Aid Only ? Required Medical Treatment ? Other Medical Treatment 13. Dr. Name 14. Dr. Address: Street: 15. Hospital Name: 16. Hospital Address: Street: 17. Diagnosis: FAX TO RAILWAY AT (817) 352 -7595 AND COPY TO RAILWAY ROADMASTER FAX City: City: St. Zip: 30. Date: St• Zip: St: Zip: BNSF - FRIDLEY Definite Term Lease — Land 27 Form 401: Rev. 04/26/05 MEBB: 523141v4 EXHIBIT C -1 -A Agreement Between BNSF RAILWAY COMPANY and the CONTRACTOR BNSF RAILWAY COMPANY Attention: Manager Public Projects Railway File: Agency Project: Gentlemen: Exhibit C to Fridley Master Agreement The undersigned (hereinafter called, the "Contractor "), has entered into a contract (the "Contract ")dated 200_,, [ ** *Drafter's Note: insert the date of the contract between the Agency and the Contractor here[ with (Drafter's Note: insert the name of the Agency here Ifor the performance of certain work in connection with the following project Performance of such work will necessarily require contractor to enter BNSF RAILWAY COMPANY ( "Railway ") right of way and property ( "Railway Property"). The Contract provides that no work will be commenced within Railway Property until the Contractor employed in connection with said work for [insert Agency name here] (i) executes and delivers to Railway an Agreement in the form hereof, and (ii) provides insurance of the coverage and limits specified in such Agreement and Section 3 herein. If this Agreement is executed by a party who is not the Owner, General Partner, President or Vice President of Contractor, Contractor must furnish evidence to Railway certifying that the signatory is empowered to execute this Agreement on behalf of Contractor. Accordingly, in consideration of Railway granting permission to Contractor to enter upon Railway Property and as an inducement for such entry, Contractor, effective on the date of the Contract, has agreed and does hereby agree with Railway as follows: Section 1. RELEASE OF LIABILITY AND INDEMNITY Contractor hereby waives, releases, indemnifies, defends and holds harmless Railway for all judgments, awards, claims, demands, and expenses (including attorneys' fees), for injury or death to all persons, including Railway's and Contractor's officers and employees, and for loss and damage to property belonging to any person, arising in any manner from Contractor's or any of Contractor's subcontractors' acts or omissions or any work performed on or about Railway's property or right -of -way. THE LIABILITY ASSUMED BY CONTRACTOR WILL NOT BE AFFECTED BY THE FACT, IF IT IS A FACT, THAT THE DESTRUCTION, DAMAGE, DEATH, OR INJURY WAS OCCASIONED BY OR CONTRIBUTED TO BY THE NEGLIGENCE OF RAILWAY, ITS AGENTS, SERVANTS, EMPLOYEES OR OTHERWISE, EXCEPT TO THE EXTENT THAT SUCH CLAIMS ARE PROXIMATELY CAUSED BY THE INTENTIONAL MISCONDUCT OR GROSS NEGLIGENCE OF RAILWAY. THE INDEMNIFICATION OBLIGATION ASSUMED BY CONTRACTOR INCLUDES ANY CLAIMS, SUITS OR JUDGMENTS BROUGHT AGAINST RAILWAY UNDER THE FEDERAL EMPLOYEE'S LIABILITY ACT, INCLUDING CLAIMS FOR STRICT LIABILITY UNDER THE SAFETY APPLIANCE ACT OR THE BOILER INSPECTION ACT, WHENEVER SO CLAIMED. Contractor fiuther agrees, at its expense, in the name and on behalf of Railway, that it will adjust and settle all claims made against Railway, and will, at Railway's discretion, appear and defend any suits or actions of law or in equity brought against Railway on any claim or cause of action arising or growing out of or in any manner connected with any liability assumed by Contractor under this Agreement for which Railway is liable or is alleged to be liable. Railway will give notice to Contractor, in writing, of the receipt or dependency of such claims and thereupon Contractor must proceed to adjust and handle to a conclusion such claims, and in the event of a suit being brought against Railway, Railway may forward summons and complaint or other process in connection therewith to Contractor, and Contractor, at Railway's discretion, must defend, adjust, or settle such suits and protect, indemnify,. and save harmless Railway from and against all damages, judgments, decrees, attorney's fees, costs, and expenses growing out of or resulting from or incident to any such claims or suits. BNSF - FRIDLEY Definite Term Lease — Land 28 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement It is mutually understood and agreed that the assumption of liabilities and indemnification provided for in this Agreement survive any termination of this Agreement. Section 2. TERM This Agreement is effective from the date of the Contract until (i) the completion of the project set forth herein, and (ii) full and complete payment to Railway of any and all sums or other amounts owing and due hereunder. Section 3. INSURANCE Contractor must, at its sole cost and expense, procure and maintain during the life of this Agreement the following insurance coverage: A. Commercial General Liability insurance. Commercial General Liability insurance. This insurance must contain broad form contractual liability. Unless otherwise specified, the insurance minimum limits of liability shall be as follows: $25,000,000 — Per Occurrence $25,000,000 — Annual Aggregate applying per project or location $25,000,000 — Annual Aggregate applying to Products and Completed Operations $ 50,000 — Fire Damage (any one fire) $ 5,000 — Medical Expense (any one person per occurrence) Coverage must be purchased on a post 1998 ISO occurrence form or equivalent and include coverage for, but not limit to the following: ♦ Bodily Injury and Property Damage ♦ Personal Injury and Advertising Injury ♦ Fire legal liability ♦ Products and completed operations This policy must also contain the following endorsements, which must be indicated on the certificate of insurance: ♦ It is agreed that any workers' compensation exclusion does not apply to Railroad payments related to the Federal Employers Liability Act or a Railroad Wage Continuation Program or similaz programs and any payments made are deemed not to be either payments made or obligations assumed under any Workers Compensation, disability benefits, or unemployment compensation law or similar law. ♦ The definition of insured contract must be amended to remove any exclusion or other limitation for any work being done within 50 feet of railroad property. ♦ Any exclusions related to the explosion, collapse and underground hazards must be removed. No other endorsements limiting coverage as respects obligations under this Agreement may be included on the policy. B. Business Automobile Insurance. This insurance must contain a combined single limit of at least $25,000,000 per occurrence, and include coverage for, but not limited to the following: ♦ Bodily injury and property damage ♦ Any and all vehicles owned, used or hired C. Workers Compensation and Employers Liability insurance including coverage for, but not limited to: Coverage B. Employers' Liability with limits of no less than: $500,000 — Bodily Injury by disease per employee $500,000 — Bodily Injury by disease aggregate - $500,000 — Bodily Injury by accident ♦ Coverage C: All States Coverage ♦ If applicable, USL&H, and Voluntary BNSF - FRIDLEY Definite Term Lease — Land 29 MEBB: 523141v4 Form 401; Rev. 04/26/05 ♦ A waiver of subrogation in favor of the Owners Exhibit C to Fridley Master Agreement Other Requirements: All policies (applying to coverage listed above) must not contain an exclusion for punitive damages and certificates of insurance must reflect that no exclusion exists. Contractor agrees to waive its right of recovery against Railroad for all claims and suits against Railroad. In addition, its insurers, through the terms of the policy or policy endorsement, waive their right of subrogation against Railroad for all claims and suits. The certificate of insurance must reflect the waiver of subrogation endorsement. Contractor further waives its right of recovery, and its insurers also waive their right of subrogation against Railroad for loss of its owned or leased property or property under contractor's care, custody or control. Contractor's insurance policies through policy endorsement, must include wording which states that the policy is primary and non- contributing with respect to any insurance carried by Railroad. The certificate of insurance must reflect that the above wording is included in evidenced policies. All policy(ies) required above (excluding Workers Compensation and if applicable, Railroad Protective) must include a severability of interest endorsement and Railroad must be named as an additional insured with respect to work performed under this agreement. Severability of interest and naming Railroad as additional insured must be indicated on the certificate of insurance. Contractor is not allowed to self - insure without the prior written consent of Railroad If granted by Railroad, any deductible, self - insured retention or other financial responsibility for claims must be covered directly by contractor in lieu of insurance. Any and all Railroad liabilities that would otherwise, in accordance with the provisions of this Agreement, be covered by contractor's insurance will be covered as if contractor elected not to include a deductible, self - insured retention or other financial responsibility for claims. Prior to commencing the Work, contractor must furnish to Railroad an acceptable certificate(s) of insurance including an original signature of the authorized representative evidencing the required coverage, endorsements, and amendments and referencing the contract audit/folder number if available. The policy(ies) must contain a provision that obligates the insurance company(ies) issuing such policy(ies) to notify Railroad in writing at least 30 days prior to any cancellation, non - renewal, substitution or material alteration. This cancellation provision must be indicated on the certificate of insurance. Upon request from Railroad, a certified duplicate original of any required policy must be furnished. Contractor should send the certificate(s) to the following address: BNSF RISK MANAGEMENT 2500 Lou Menk Drive AOB -1 Fort Worth, TX 76131 -2828 Fax: 817- 352 -7207 Any insurance policy must be written by a reputable insurance company acceptable to Railroad or with a current Best's Guide Rating of A- and Class VII or better, and authorized to do business in the state(s) in which the service is to be provide. Contractor represents that this Agreement has been thoroughly reviewed by contractor's insurance agent(s)/broker(s), who have been instructed by contractor to procure the insurance coverage required by this Agreement. Allocated Loss Expense must be in addition to all policy limits for coverages referenced above. Not more frequently than once every five years, Railroad may reasonably modify the required insurance coverage to reflect then- current risk management practices in the railroad industry and underwriting practices in the insurance industry. If any portion of the operation is to be subcontracted by contractor, contractor must require that the subcontractor provide and maintain the insurance coverages set forth herein, naming Railroad as an additional insured, and requiring that the subcontractor release, defend and indemnify Railroad to the same extent and under the same terms and conditions as contractor is required to release, defend and indemnify Railroad herein. Failure to provide evidence as required by this section will entitle, but not require, Railroad to terminate this Agreement immediately. Acceptance of a certificate that does not comply with this section will not operate as a waiver of contractor's obligations hereunder. BNSF - FRIDLEY Definite Term Lease — Land 30 Form 401; Rev. 04 /26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement The fact that insurance (including, without limitation, self - insurance) is obtained by contractor will not be deemed to release or diminish the liability of contractor including, without limitation, liability under the indemnity provisions of this Agreement. Damages recoverable by Railroad will not be limited by the amount of the required insurance coverage. For purposes of this section, Railroad means `Burlington Northern Santa Fe Corporation e, « , BNSF RAILWAY COMP and the subsidiaries, successors, assigns and affiliates of each. Section 4. EXIBBIT "C " CONTRACTOR REQUIREMENTS The Contractor must observe and comply with all provisions, obligations, requirements and limitations .contained in the Contract, and the Contractor Requirements set forth on Exhibit "C" attached to the Contract and this Agreement, , including, but not be limited to, payment of all costs incurred for any damages to Railway roadbed, tracks, and/or appurtenances thereto, resulting from use, occupancy, or presence of its employees, representatives, or agents or subcontractors on or about the construction site. Section 5. TRAIN DELAY Contractor is responsible for and hereby indemnifies and holds harmless Railway (including its affiliated railway companies, and its tenants) for, from and against all damages arising from any unscheduled delay to a freight or passenger train which affects Railway's ability to fully utilize its equipment and to meet customer service and contract obligations. Contractor will be billed, as further provided below, for the economic losses arising from loss of use of equipment, contractual loss of incentive pay and bonuses and contractual penalties resulting from train delays, whether caused by Contractor, or subcontractors, or by the Railway performing work under this Agreement. Railway agrees that it will not perform any act to unnecessarily cause train delay. For loss of use of equipment, Contractor will be billed the current freight train hour rate per train as determined from Railway's records. Any disruption to train traffic may cause delays to multiple trains at the same time for the same period. Additionally, the parties acknowledge that passenger, U.S. mail trains and certain other grain, intermodal, coal and freight trains operate under incentive /penalty contracts between Railway and its customer(s). Under these arrangements, if Railway does not meet its contract service commitments, Railway may suffer loss of performance or incentive pay and/or be subject to penalty payments. Contractor is responsible for any train performance and incentive penalties or other contractual economic losses actually incurred by Railway which are attributable to a train delay caused by Contractor or its subcontractors. The contractual relationship between Railway and its customers is proprietary and confidential. In the event of a train delay covered by this Agreement, Railway will share information relevant to any train delay to the extent consistent with Railway confidentiality obligations. Damages for train delay for certain trains may be as high as $50,000.00 per incident. Contractor and its subcontractors must give Railway's representative (____) weeks advance notice of the times and dates for proposed work windows. Railway and Contractor will establish mutually agreeable work windows for the project. Railway has the right at any time to revise or change the work windows due to train operations or service obligations. Railway will not be responsible for any additional costs or expenses resulting from a change in work windows. Additional costs or expenses resulting from a change in work windows shall be accounted for in Contractor's expenses for the project. Contractor and subcontractors must plan, schedule, coordinate and conduct all Contractor's work so as to not cause any delays to any trains. BNSF - FRIDLEY Definite Term Lease — Land 31 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement Kindly acknowledge receipt of this letter by signing and returning to the Railway two original copies of this letter, which, upon execution by Railway, will constitute an Agreement between us. (Contractor) By: Printed Name: Title: Contact Person: Address: City: Fax: _ Phone: Email: State: Zip: BNSF Railway Company By: _ Name: Manager Public Projects Accepted and effective this day of 2007 BNSF - FRIDLEY Definite Term Lease — Land 32 Form 401; Rev. 04 /26/05 MEBB: 523141v4 EXIiIBIT C -1 -B Agreement Between BNSF RAILWAY COMPANY and the CONTRACTOR BNSF RAILWAY COMPANY Attention: Manager Public Projects Railway File: Agency Project: Exhibit C to Fridley Master Agreement Gentlemen: The undersigned (hereinafter called, the "Contractor "), has entered into a contract (the "Contrast ") dated 200_, ( ** *Drafter's Note: insert the date of the contract between the Agency and the Contractor herel with (Drafter's Note: insert the name of the Agency here the performance of certain work in connection with the following project Performance of such work will necessarily require contractor to enter BNSF RAILWAY COMPANY ( "Railway ") right of way and property ( "Railway Property"). The Contract provides that no work will be commenced within Railway Property until the Contractor employed in connection with said work for [insert Agency name here]. _ (i) executes and delivers to Railway an Agreement in the form hereof, and (ii) provides insurance of the coverage and limits specified in such Agreement and Section 3 herein. If this Agreement is executed by a party who is not the Owner, General Partner, President or Vice President of Contractor, Contractor must furnish evidence to Railway certifying that the signatory is empowered to execute this Agreement on behalf of Contractor. Accordingly, in consideration of Railway granting permission to Contractor to enter upon Railway Property and as an inducement for such entry, Contractor, effective on the date of the Contract, has agreed and does hereby agree with Railway as follows: Section 1. RELEASE OF LIABILITY AND INDEMNITY Contractor hereby waives, releases, indemnifies, defends and holds harmless Railway for all judgments, awards, claims, demands, and expenses (including attorneys' fees), for injury or death to all persons, including Railway's and Contractor's officers and employees, and for loss and damage to property belonging to any person, arising in any manner from Contractor's or any of Contractor's subcontractors' acts or omissions or any work performed on or about Railway's property S A F AtT f THAT THE LIABILITY ASSUMED BY CONTRACTOR WILL NOT BE AFFECTED BY THE FACT, IF DESTRUCTION, DAMAGE, DEATH, OR INJURY WAS OCCASIONED BY OR CONTRIBUTED TO BY THE NEGLIGENCE CLAIMSWAAYO', PROOXIMASTELY VCAUSEDNBYOTHESINTENTIIONALSENIISCONDUCOT OREXTENT GR SS THAT SUCH NEGLIGENCE OF RAILWAY- THE INDEMNIFICATION OBLIGATION ASSUMED BY CONTRACTOR INCLUDES ANY CLAIMS, SUITS OR JUDGMENTS BROUGHT AN �ETERPLANAT IC CLAIMS FOR STRICT HE SAFETY APPLIANCE OR HE BOILER INSPECTION AT, WHENEVER SO CLALVIED. Contractor further agrees, at its expense, in the name and on behalf of Railway, that it will adjust and settle all claims made against Railway, and will, at Railway's discretion, appear and defend any suits or actions of law or in equity brought against Railway on any claim or cause of action arising or growing out of or in any manner connected with any liability assumed by Contractor under this Agreement for which Railway is liable or is alleged to be liable. Railway will give notice to Contractor, in writing, of the receipt or dependency of such claims and thereupon Contractor must proceed to adjust and handle to a conclusion such claims, and in the event of a suit being brought against Railway, Railway may forward summons and complaint or other process in connection therewith e to Contractor, and Contractor, at Railway's discretion, must defend, adjust, or settle such suits and protect, indemnify, and harmless Railway from and against all damages, judgments, decrees, attorney's fees, costs, and expenses growing out of or resulting from or incident to any such claims or suits. Form 401; Rev. 04126/05 BNSF - FRIDLEY Definite Term Lease — Land 33 MEBB: 523141v4 Exhibit C to Fridley Master Agreement It is mutually understood and agreed that the assumption of liabilities and indemnification provided for in this Agreement survive any termination of this Agreement. Section 2. TERM This Agreement is effective from the date of the Contract until (i) the completion of the project set forth herein, and (ii) full and complete payment to Railway of any and all sums or other amounts owing and due hereunder. Section 3. INSURANCE Contractor must, at its sole cost and expense, procure and maintain during the life of this Agreement the following insurance coverage: A. Commercial General Liability insurance. This insurance must contain broad form contractual liability with a combined single limit of a minimum of $2,000,000 each occurrence and an aggregate limit of at least $4,000,000. Coverage must be purchased on a post 1998 ISO occurrence form or equivalent and include coverage for, but not limit to the following: ♦ Bodily Injury and Property Damage ♦ Personal Injury and Advertising Injury ♦ Fire legal liability ♦ Products and completed operations This policy must also contain the following endorsements, which must be indicated on the certificate of insurance: ♦ It is agreed that any workers' compensation exclusion does not apply to Railroad payments related to the Federal Employers Liability Act or a Railroad Wage Continuation Program or similar programs and any payments made are deemed not to be either payments made or obligations assumed under any Workers Compensation, disability benefits, or unemployment compensation law or similar law. ♦ The definition of insured contract must be amended to remove any exclusion or other limitation for any work being done within 50 feet of railroad property. ♦ Any exclusions related to the explosion, collapse and underground hazards must be removed. No other endorsements limiting coverage as respects obligations under this Agreement may be included on the policy. B. Business Automobile Insurance. This insurance must contain a combined single limit of at least $1,000,000 per occurrence, and include coverage for, but not limited to the following: ♦ Bodily injury and property damage ♦ Any and all vehicles owned, used or hired C. Workers Compensation and Employers Liability insurance including coverage for, but not limited to: Coverage B. Employers' Liability with limits of no less than: $500,000 — Bodily Injury by disease per employee $500,000 — Bodily Injury by disease aggregate $500,000 — Bodily Injury by accident ♦ Coverage C: All States Coverage ♦ If applicable, USL&H, and Voluntary ♦ A waiver of subrogation in favor of the Owners D. Railroad Protective Liability insurance naming only the Railroad as the Insured with coverage of at least $2,000,000 per occurrence and $6,000,000 in the aggregate. The policy Must be issued on a standard ISO form CG 00 35 10 93 and include the following: ♦ Endorsed to include the Pollution Exclusion Amendment (ISO form CG 28 31 10 93) ♦ Endorsed to include the Limited Seepage and Pollution Endorsement. ♦ Endorsed to remove any exclusion for punitive damages. BNSF - FRIDLEY Definite Term Lease — Land 34 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement ♦ No other endorsements restricting coverage may be added. ♦ The original policy must be provided to the Railroad prior to performing any work or services under this Agreement Other Requirements: All policies (applying to coverage listed above) must not contain an exclusion for punitive damages and certificates of insurance must reflect that no exclusion exists. Contractor agrees to waive its right of recovery against Railroad for all claims and suits against Railroad. In addition, its insurers, through the terms of the policy or policy endorsement, waive their right of subrogation against Railroad for all claims and suits. The certificate of insurance must reflect the waiver of subrogation endorsement. Contractor further waives its right of recovery, and its insurers also waive their right of subrogation against Railroad for loss of its owned or leased property or property under contractor's care, custody or control. Contractor's insurance policies through policy endorsement, must include wording which states that the policy is primary and non - contributing with respect to any insurance carried by Railroad. The certificate of insurance must reflect that the above wording is included in evidenced policies. All policy(ies) required above (excluding Workers Compensation and if applicable, Railroad Protective) must include a severability of interest endorsement and Railroad must be named as an additional insured with respect to work performed under this agreement. Severability of interest and naming Railroad as additional insured must be indicated on the certificate of insurance. Contractor is not allowed to self - insure without the prior written consent of Railroad If granted by Railroad, any deductible, self - insured retention or other financial responsibility for claims must be covered directly by contractor in lieu of insurance. Any and all Railroad liabilities that would otherwise, in accordance with the provisions of this Agreement, be covered by contractor's insurance will be covered as if contractor elected not to include a deductible, self - insured retention or other financial responsibility for claims. Prior to commencing the Work, contractor must furnish to Railroad an acceptable certificate(s) of insurance including an original signature of the authorized representative evidencing the required coverage, endorsements, and amendments and referencing the contract audittfolder number if available. The policy(ies) must contain a provision that obligates the insurance company(ies) issuing such policy(ies) to notify Railroad in writing at least 30 days prior to any cancellation, non - renewal, substitution or material alteration. This cancellation provision must be indicated on the certificate of insurance. Upon request from Railroad, a certified duplicate original of any required policy must be finnished. Contractor should send the certificate(s) to the following address: BNSF RISK MANAGEMENT 2500 Lou Menk Drive AOB -1 Fort Worth, TX 76131 -2828 Fax: 817 - 352 -7207 Any insurance policy must be written by a reputable insurance company acceptable to Railroad or with a current Best's Guide Rating of A- and Class VII or better, and authorized to do business in the state(s) in which the service is to be provide. Contractor represents that this Agreement has been thoroughly reviewed by contractor's insurance agent(s)/broker(s), who have been instructed by contractor to procure the insurance coverage required by this Agreement. Allocated Loss Expense must be in addition to all policy limits for coverages referenced above. Not more frequently than once every five years, Railroad may reasonably modify the required insurance coverage to reflect then- current risk management practices in the railroad industry and underwriting practices in the insurance industry. If any portion of the operation is to be subcontracted by contractor, contractor must require that the subcontractor provide and maintain the insurance coverages set forth herein, naming Railroad as an additional insured, and requiring that the subcontractor release, defend and indemnify Railroad to the same extent and under the same terms and conditions as contractor is required to release, defend and indemnify Railroad herein. Failure to provide evidence as required by this section will entitle, but not require, Railroad to terminate this Agreement immediately. Acceptance of a certificate that does not comply with this section will not operate as a waiver of contractor's obligations hereunder. BNSF - FRIDLEY Definite Term Lease — Land 35 Form 401; Rev. 04/26/05 MEBB: 523141v4 Exhibit C to Fridley Master Agreement The fact that insurance (including, without limitation, self-insurance) is obtained by contractor will not be deemed to release or diminish the liability of contractor including, without limitation, liability under the indemnity provisions of this Agreement. Damages recoverable by Railroad will not be limited by the amount of the required insurance coverage. For purposes of this section, Railroad means `Burlington Northern Santa Fe Corporation ", `BNSF RAILWAY COMPANY" and the subsidiaries, successors, assigns and affiliates of each. Section 4. EXHIBIT "C " CONTRACTOR REQUIREMENTS The Contractor must observe and comply with all provisions, obligations, requirements and limitations contained in the Contract, and the Contractor Requirements set forth on Exhibit "C" attached to the Contract and this Agreement, , including, but not be limited to, payment of all costs incurred for any damages to Railway roadbed, tracks, and/or appurtenances thereto, resulting from use, occupancy, or presence of its employees, representatives, or agents or subcontractors on or about the construction site. Section 5. TRAIN DELAY Contractor is responsible for and hereby indemnifies and holds harmless Railway (including its affiliated railway companies, and its tenants) for, from and against all damages arising from any unscheduled delay to a freight or passenger train which affects Railway's ability to fully utilize its equipment and to meet customer service and contract obligations. Contractor will be billed, as further provided below,. for the economic losses arising from loss of use of equipment, contractual loss of incentive pay and bonuses and contractual penalties resulting from train delays, whether caused by Contractor, or subcontractors, or by the Railway performing work under this Agreement. Railway agrees that it will not perform any act to unnecessarily cause train delay. For loss of use of equipment, Contractor will be billed the current freight train hour rate per train as determined from Railway's records. Any disruption to train traffic may cause delays to multiple trains at the same time for the same period. Additionally, the parties acknowledge that passenger, U.S. mail trains and certain other grain, intermodal, coal and freight trains operate under incentive /penalty contracts between Railway and its customer(s). Under these arrangements, if Railway does not meet its contract service commitments, Railway may suffer loss of performance or incentive pay and/or be subject to penalty payments. Contractor is responsible for any train performance and incentive penalties or other contractual economic losses actually incurred by Railway which are attributable to a train delay caused by Contractor or its subcontractors. The contractual relationship between Railway and its customers is proprietary and confidential. In the event of a train delay covered by this Agreement, Railway will share information relevant to any train delay to the extent consistent with Railway confidentiality obligations. Damages for train delay for certain trains may be as high as $50,000.00 per incident. Contractor and its subcontractors must give Railway's representative C____) weeks advance notice of the times and dates for proposed work windows. Railway and Contractor will establish mutually agreeable work windows for the project. Railway has the right at any time to revise or change the work windows due to train operations or service obligations. Railway will not be responsible for any additional costs or expenses resulting from a change in work windows. Additional costs or expenses resulting from a change in work windows shall be accounted for in Contractor's expenses for the project. Contractor and subcontractors must plan, schedule, coordinate and conduct all Contractor's work so as to not cause any delays to any trains. BNSF - FRIDLEY Definite Term Lease — Land 36 Form 401; Rev. 04/26105 MEBB: 523141v4 Exhibit C to Fridley Master Agreement Kindly acknowledge receipt of this letter by signing and returning to the Railway two original copies of this letter, which, upon execution by Railway, will constitute an Agreement between us. BNSF Railway Company (Contractor) By: By — Printed Name: Name: Title: Contact Person: Address: City: _ Fax: _ Phone: Email: State: Zip: Manager Public Projects Accepted and effective this day of 2007 BNSF - FRIDLEY Definite Term Lease — Land 37 Form 401; Rev. 04/26/05 MEBB: 523141v4 E Exhibit C to Fridley Master Agreement EXHIBIT D �� • 1' III V1 an 1 To include only the exhibits from the plans which show the location of the Platform and the cross section of theplatform showing the top of rail and distance from the center line. BNSF - FRIDLEY Definite Term Lease — Land 38 Form 401; Rev. 04/26/05 MEBB: 523141v4 C:VS,a p,, lR N 9EEIS\ow Edbb\W03 -&M Mt 73. 207 - Y54M R if I ages8 I e• ®® L g - salt Z Z O 9 O C n °z Exhibit C to Fridley Master Agreement ev. 04/26/05 BNSF - FF ou MEBB: 523141 v4 Exhibit C to Fridley Master Agreement MEBB:523141v4 `'v -•••• •- -•• Exhibit C to Fridley Master Agreement BNSF - FRIDLEY Definite Term Lease — Land 41 Form 401; Rev. 04 /26/05 MEBB: 523141v4 EXHIBIT E Exhibit C to Fridley Master Agreement OVERPASS AGREEMENT BNSF - FRIDLEY Definite Term Lease —Land 42 MEBB: 523141v4 Form 401; Rev. 04 /26/05