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PROPERTY AGREEMENT
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<br />DATED:
<br />BETWEEN: MARION COUNTY, OREGON,
<br />a political subdivision of the State of Oregon and
<br />SALEM AREA MASS TRANSIT DISTRICT,
<br />a political subdivision of the State of Oregon
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<br />(together, "Owner")
<br />AND: MELVIN ~-1ARK DEVELOPMENT COMPANY, M„~~`~~~~r
<br />an Oregon corporation ("~e~e~e~")
<br />Owner o~ms certain real property known as block 5, SALEM, Marion County,
<br />Oregon, together with all improvements located thereon (collectively, the "Property").
<br />Owner intends to develop the Property by the construction thereon of a mixed use
<br />facility of approximately square feet of space, genera(ly consistina of the
<br />following: (i) a transit center and Transit District administra~ive offices and related Transit
<br />~.~. . ~ ~ t ~,. • t
<br />district facilities, includina parking facilities, and office/facilities to ~e leased by the Transit
<br />District to third parties, all to be owned (via a leasehold condominium interes~~~-
<br />hp~ and used by the Transit District in its mass transit and governmental operations, and
<br />~„=(ii) County administrative offices and related County facilities, including parking facilities, and
<br />office facilities to be leased or sold by the County to third parties, all to be o~vned (via a
<br />leasehold condominium interest ~~ -~~ and used he C4unt~ i its gove ental
<br />operations or leased or sold by the County to third parties!'Th~e~f~Cility,~unng the cons~tion
<br />thereof and after completion of construction, together ~vith all building systems, fixtures, and
<br />equipment used in connection with the operation thereof is hereinafter referred to as the
<br />"Building" and, together «~ith the Property, as the "Project."
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<br />Owner desires to engage43e~e~le}~e~ to perform certain duties in connection ~vith
<br />~ the construction of the ~3~~i~g,`~a~s more fully set forth
<br />herein, and ~~~ wishes to accept such engagement, upon all the terms and conditions
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<br />hereof. r'`a^"" , r
<br />NOW, THEREFORE, in consideration of the mutual promises of the parties set
<br />foRh in this Property~ Agreement (the "Agreement"), Owner and~Be~el•eper aaree
<br />as follo~vs: t~~~~,Y~~~ l~~~~:z:,; ~
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<br />Emplovment. Term. Termination
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<br />i.l Emplovment {~
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<br />Owner hereby engages the
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<br />Project for the Ternl of this Agreement and authorizes~~~~to exercise, subject to the
<br />supervision of the Owner and upon all the tenns and conditions hereof, such powers as may be
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<br />necessary and appropriate for the ~er~~ of thei~~- ~~e~c~e~ herebv accepts such
<br />C'un~<,a~,~:n~ ~~?~~~.t .
<br />oi-•-9o ~e~
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