SIA (Recorded)SUBDIVISION IMPROVEMENT AGREEMENT
THIS AGREEMENT, made and entered into this 5-d� day of �e , 20 CO, by and
between CITY COUNCIL, CITY OF KALISPELL, MONTANA, Party of the First Part and
hereinafter referred to as the CITY, and GWENN LEE TRUST, Parry of the Second Part and
hereinafter referred to as DEVELOPER.
WITNESSETH:
THAT WHEREAS, the Developer is the owner and developer of a new subdivision known as
Lee's Meridian Business Park, located in Kalispell, Montana in the NE 1/4, NE 1/4 of Section 13,
Township 28N, Range 22W, Flathead County, Montana; and,
WHEREAS, the City has conditioned it's approval of the final plat of Lee's Meridian Business
Park, upon the conditions as set forth in the Preliminary Plat of the Subdivision being completed and all
improvements, as cited in "Exhibit A", have not been completed at this time, and the Developer wishes
to bond for the completion of those improvements set forth in "Exhibit A"; and,
WHEREAS, the City's Subdivision Regulations require that a subdivider shall provide a financial
security of 125% of the estimated total cost of construction of said improvements as evidenced by an
estimate prepared by a licensed professional engineer included herewith as "Exhibit B"; and,
WHEREAS, the estimated total cost of construction of said remaining improvements is the sum
of $ 28,680.00 .
NOW THEREFORE, in consideration of the approval of the final plat of said Subdivision by the
City, the Developer hereby agrees as follows:
1. The Developer shall deposit as collateral with the City a Letter of Credit, or other acceptable
collateral as determined by the City Council, in the amount of $ 35,850.00 . Said Letter of
Credit or other collates al shall have an expiration date of at least sixty (60 j days following the date
set for completion of the improvements, certifying the following:
a. That the creditor guarantees funds in the sum of $ 35,850.00 , which represents
125% of the estimated cost of completing the required improvements in Lee's Meridian
Business Park.
b. That if the Developer fails to complete the specified improvements within the required
period, the creditor will pay to the City immediately, and without further action, such funds
as are necessary to finance the completion of those improvements up to the limit of credit
stated in the Letter of Credit;
2. That said required improvements shall be fully completed by May 1, 2001 .
Page 1
3. That upon completion of the required improvements, the Developer shall cause to be filed
with the City a statement certifying that:
a. All required improvements are complete;
b. That the improvements are in compliance with the minimum standards specified by the
City for their construction and that the Developer warrants said improvements against any
and all defects for a period of one (1) year from the date of acceptance of the completion of
those improvements by the City;
C. That the Developer knows of no defects in those improvements-,
d. That these improvements are free and clear of any encumbrances or liens,
e. That a schedule of actual construction costs has been filed with the City; and,
f. All applicable fees and surcharges have been paid.
4. The Developer shall cause to be filed with the City copies of final plans, profiles, grades and
specifications of said improvements, with the certification, of the registered professional engineer
responsible for their preparation, that all required improvements have been installed in
conformance with said plans and specifications.
IT IS ALSO AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS,
TO WIT:
That the Developer shall provide for inspection of all required improvements by a registered
professional engineer before the Developer shall be released from the Subdivision Improvement
Agreement.
That if the City determines that any improvements are not constructed in compliance with the
plans and specifications, it shall furnish the Developer with a list of specific deficiencies and may
with collateral suffi6e nt to insure such compliance. If the City determines that the Developer vaill
not construct any or all of the improvements in accordance with the plans and specifications, or within
the required time limit(s), it may withdraw the collateral and employ such funds as may be necessary to
construct the improvements) in accordance with the plans and specifications. The unused portions of
the collateral shall be returned to the Developer or the crediting institution, as is appropriate.
That as improvements are completed, the Developer may apply to the City for a release of part of
the collateral deposited with the City. The proportion of the collateral released may not exceed the
proportion which the improvements completed represent of all originally required improvements;
otherwise, said Letter of Credit may not be withdrawn until released by the City.
That this agreement shall inure to the benefit of and be binding upon any successors in interest,
heirs, or assignees.
Page 2
IN WITNESS WHEREOF, the Parties to this agreement have hereunder set their hands and seals
the day and year herein before written.
LEE'S MERIDIAN BUSINESS PARK
GWENN LEE TRUST
B
(Title)
STATE OF MONTANA, COUNTY OF FLATHEAD
On this G--� day of , 20 0(-\ , before me, a Notary Public for the State of
Montana, personally appeared :J�% n 0,DVVJGIA known to me to be the person whose
name is subscribed to the foregoing instrument and acknowledged to me that he executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notary Seal this day and
year first above written.
07 A Notary Public for the State of Montana
} - Residing at {,2 t'(
U B
t'`r My Commission Expires (b /uq (o
This agreement is hereby approved and accepted by the City of Kalispell this day of
)200/ _.
MAYOR, CITY OF KALISPELL ATTEST:
F,
By:
Mayori
Page 3
EXHIBIT "B"
CERTIFICATION OF WORK TO BE COMPLETED
LEE'S MERIDIAN BUSINESS PARK
SUBDIVISION ROAD
COMPLETED TO DATE
5-Dec-00
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
101
Unclassified Excavation
C.Y.
2,050
$ 1.80
$ 3,690.00
2,050
$3,690.00
102
Select Sub -Base, 3" (-) Pit Run Gravel
LUMP SUM
1
$ 8,000.00
$ 81000.00
100%
$8,000.00
103
Crushed Base, 3/4" Crushed Gravel
S.F.
22,000
$ 0.14
$ 3,080.00
22,000
$3,080.00
104
Hot Plant Mix Asphalt (4" - Two Lifts)
S.F.
18,880
$ 0.75
$ 14,160.00
18,880
$14,160.00
105
Curb and Gutter
L.F.
1,022
$ 7.00
$ 7,154.00
1,022
$7,154.00
106
Valley Gutters w/ Aprons
S.F.
320
$ 4.00
$ 1,280.00
0
$0.00
107
Sidewalk (5' Wide) w/ Prepared Base
S.F.
6,900
$ 3.00
$ 20,700.00
0
$0.00
SUBTOTAL ITEMS 101-107
$ 58,064.00
$36,084.00
WATER SYSTEM
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
QUANTITY
Total Price COMPLETED
TOTAL COST
COMPLETED
201
8" PVC Water Main (Outside Meridian Rd)
L.F.
466
$ 24.00
S 11,184.00 466
$11,184.00
202
8" PVC Water Main (Within Meridian Rd)
L.F.
24
S 35.00
S 840.00 24
$840.00
203
8" Gate Valves and Boxes
EACH
1
$ 800.00
$ 800.00 1
$800.00
204
12"x12"x8" Tapping Sleeve & Valve
LUMP SUM
1
$ 3,800.00
$ 3,800.00 100%
$3,800.00
205
Fire Hydrant w/ Aux. Valves
EACH
2
$ 2,200.00
$ 4,400.00 2
$4,400.00
Tees & Misc. Fittings
EACH
6
5 250.00
$ 1,500.00 6
$1,500.001"
Water Services
EACH
7
$ 500.00
$ 3,500.00 7
$3,500.00
F07
Flushing Hydrant
EACH
1
S 600.00
$ 600.00 1
$600.00
SUBTOTAL ITEMS 201 - 208
$ 26,624.00
$26,624.00
SEWER SYSTEM
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
301
8" PVC Sewer Main
L.F.
503
$ 22.00
$ 11,066.00
503
$11,066.00
302
4" Services
EACH
7
S 500.00
$ 3,500.00
7
$3,500.00
303
4' Diameter Manhole w/ Ring & Cover
EACH
5
$ 900.00
$ 4,500.00
5
$4,500.00
304
Connect New Service to Exist. Service
EACH
1
$ 500.00
$ 500.00
1
$500.00
SUBTOTAL ITEMS 301 - 304
1 $ 19,566.00
$19,566.00
STORMWATER DRAINAGE
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
401
8" PVC Storm Drain
L.F.
92
$ 18.00
$ 1,656.00
92
$1,656.00
402
12" PVC Storm Drain
L.F.
410
$ 22.00
$ 9,020.00
410
$9,020.00
403
Catch Basins w/ Frames & Grates
EACH
4
S 600.00
S 2,400.00
4
$2,400.00
404
Connections to Existing SO Manholes
EACH
2
$ 400.00
$ 800.00
2
$800.00
SUBTOTAL ITEMS 401 - 404
1 $ 13,876.00
$13,876.00
EXHIBIT "B"
LEE'S MERIDIAN BUSINESS PARK
LETTER OF CREDIT CERTIFICATION
12/05/00 1 OF 2 PAGES
MISCELLANEOUS WORK
COMPLETED TO DATE
5-Dec-00
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
501
Topsoil (Boulevards)
C.Y.
66
$ 20.00
$ 1,320.00
0
$0.00
502
Hydroseed
S.F.
12,500
$ 0.20
$ 2,500.00
0
$0.00
503
Pavement Striping
LUMP SUM
1
$ 850.00
$ 850.00
0%
$0.00
504
Traffic Control
LUMP SUM
1
$ 500.00
$ 500.00
100 o
$500.00
505
Street Signs
EACH
2
$ 300.00
$ 600.00
0
$0.00
506
Fencing Along South Prop. Line
LU MP SUM
1
$ 5,400.00
$ 5,400.00
90%
$4,860.00
SUBTOTAL ITEMS 501 - 506
$ 11,170.00
$5,360.00
UTILITIES
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
601
Utility Trench
L.F.
675
$ 2.00
$ 1,350.00
675
$1,350.00
602
Furnish/Install 2" Conduit
L.F.
2,020
$ 1.80
$ 3,636.00
2,020
$3,636.00
603
Furnish/Install 3" Conduit
L.F.
1,350
$ 2.20
$ 2,970.00
1,350
$2,970.00
604
Three Phase Transformer Vault
EACH
3
$ 300.00
$ 900.00
' 4
$1,200.00
SUBTOTAL ITEMS 601-604
$ 8,856.00
$9,156.00
ENGINEERING, SURVEYING, UTILITY COMPANIES - PERMITS, FEES
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
701
Natural Gas (Montana Power Company)
LUMP SUM
1
$ 6,500.00
$ 6,500.00
100%
$6,500.00
702
Telephone (Centurytel)
LUMP SUM
1
$ 7,321.00
$ 7,321.00
100%
$7,321.00
703
Electrical (FEC) - Includes Street Lights
LUMP SUM
1
$ 8,264.00
$ 8,264.00
100%
$8,264.00
704
MDEQ Review Fee
LUMP SUM
1
$ 700.00
$ 700.00
100%
$700.00
705
FRDO Final Plat Fee
LUMP SUM
1
$ 550.00
$ 550.00
100%
$550.00
Design & Construction
LUMP SUM
1
$ 11,900.00
S 11,900.00
90%
$10,710.00
r07Engineering,
Surveying, Legal & Construction
LUMP SUM
1
$ 8,250.00
$ 8,260.00
100%
$8,250.00
SUBTOTAL ITEMS 701 - 707
$ 43,485.00
1
$42,295.00
TOTAL PROJECT BUDGET
TOTAL ESTIMATED COST OF CONSTRUCTION
AMOUNT COMPLETED PRIOR TO BONDING
AMOUNT OF REMAINING WORK
AMOUNT OF BOND (125% OF REMAINING WORK)
AMOUNT OF WORK COMPLETED TO DATE
PERCENTAGE OF WORK COMPLETED TO DATE
AMOUNT OF WORK REMAINING
ORIGINAL BOND AMOUNT
AMOUNT OF BOND TO BE RETAINED (125%, OF REMAINING WORK)
BOND AMOUNT TO BE RELEASED
AMOUNT PREVIOUSLY RELEASED
AMOUNT TO BE RELEASED AT THIS TIME
$ 181,641.00 1 1 $ 152,961.00
$ 181,641.00
S 152,961.00
$ 28,680.00
$ 35,850.00
$ 152,961.00
84%
$ 28,680.00
$ 35,850.00
$ 35,850.00
5 -
AS ENGINEER OF RECORD FOR LEE'S MERIDIAN BUSINESS PARK, I CERTIFY THAT THE WORK
LISTED HEREIN IS CORRECT. IN ADDITION, I CERTIFY THAT THE ASSOCIATED COSTS ARE
REASONABLY ACCURATE ESTIMATES OF THE RESPECTIVE COSTS OF THE WORK. THE
VALUE OF CONSTRUCTION AND OTHER WORK COMPLETED TO DATE IS ESTIMATED TO BE ............... $ 162,961.00
THE TOTAL VALUE OF THE REMAINING WORK, SERVICES AND FEES IS ESTIMATED TO BE .................. $ 28,680.00
SECURITY HELD AT 125% OF THE REMAINING COSTS SHOULD BE IN THE AMOUNT OF ........................ $ 35,850.00
THEREFORE, IT IS IN ACCORDANCE WITH THE SUBDIVISION IMPROVEMENTS AGREEMENT TO
REDUCE THE TOTAL AMOUNT OF THE j�
Y ELD BY $
l
�'A
/ 1\ N n
*ALL IMPROVEMENTS SHALL BE COMPLETED BY MAY 1, 2001
EXHIBIT "B"
LEE'S MERIDIAN BUSINESS PARK
LETTER OF CREDIT CERTIFICATION
12/05/00
2 OF 2 PAGES
;;Z001009 140 (90
RESOLUTION NO. 4553
A RESOLUTION CONDITIONALLY APPROVING THE PRELIMINARY PLAT OF LEE'S
MERIDIAN BUSINESS PARK, LOCATED ON THE WEST SIDE OF MERIDIAN ROAD,
AND MORE PARTICULARLY DESCRIBED ON EXHIBIT "A".
WHEREAS, Gwenn Lee, the owner o
above, has petitioned
Plat'of said property,
f certain real property described
for approval of the Subdivision
and
WHEREAS, the Kalispell City -County Planning Board and Zoning
Commission held a public hearing on April 11, 2000, on
the proposal and reviewed Subdivision Report #KPP-00-3
issued by the Flathead Regional Development Office, and
WHEREAS, the Kalispell City -County Planning Board and Zoning
Commission -has recommended approval of the Preliminary
Plat of Lee's Meridian Business Park, subject to certain
conditions and recommendations, and
WHEREAS, the City Council. of the City of Kalispell at its regular
Council Meeting of May 1, 2000, reviewed the FRDO Report
#KPP-00-3, reviewed the recommendations of the Kalispell
City -County Planning Board and Zoning Commission, and
found from the Preliminary Plat, and evidence, that the
subdivision.is in the public interest.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL, MONTANA AS FOLLOWS:
SECTION I. That the Findings of Fact contained in Flathead
Regional Development Office Report #KPP-00-3 are hereby
adopted as the Findings of Fact of the City Council.
SECTION II. That the application of Gwenn Lee -for approval
of the Preliminary Plat of Lee's Meridian Business Park,
Kalispell, Flathead County, Montana is hereby approved subject
to the following conditions:
1. The subdivision shall be in compliance with the
preliminary plat, which shall govern the general location
of the lots, roadways and improvements.
2. The developer shall obtain a Certificate of Subdivision
Approval from the Montana Department of Environmental
Quality and obtain a letter from the Kalispell Public
Works Department, which states that the water and sewer
i
facilities have been reviewed and approved for compliance
with the City of Kalispell's Design and Construction
Standards.
3. The internal roadway shall be designed and constructed.in
accordance with the City of Kalispell's Design and
Construction Standards and that a letter shall be
obtained from the Kalispell Public Works Department
verifying their construction.
4. A five foot sidewalk shall be installed along the west
side of Meridian Road that connects to the pedestrian
path proposed to the north of the subdivision and crosses
the railroad right-of-way in accordance with a plan
approved by the Kalispell Parks and Recreation
Department.
5. An engineered storm water management plan shall be
designed in accordance with the Kalispell Design and
Construction Standards and shall be reviewed and approved
by the Kalispell Public Works Department prior to -final
plat approval.
G. A traffic analysis shall be submitted to the Kalispell
Public Works Department concurrently with the utility
submitted which uses a model based on the most intensive
uses of the property which might be allowed under the
commercial zoning and that alternatives for mitigation of
the potential traffic impacts be identified.
7. A letter shall be obtained from the Kalispell Fire
Department approving the fire access and suppression
system for compliance with the Uniform Fire Code.
8. The- alignment of the new internal roadway with Center
Street shall be reviewed and approved by the Kalispell
Public Works Department.
9. All new utilities for the subdivision shall be placed
underground.
10. An additional ten (10) feet of right-of-way along
Meridian Road shall be indicated on the final plat.
11. A sixty (60) foot right-of-way easement between Lots 5
and 6 shall be indicated on the final plat for future
roadway extension.
i
12. A "No access to railroad" strip shall be indicated on the
final plat along Lots 1 through 5.
13: A buffer shall be provided along the southern boundary of
the subdivision which complies with the Kalispell Zoning
Ordinance, i.e., a six-foot site obscuring fence or
coniferous hedge.
SECTION III. This Preliminary Plat approval shall be valid
for a period of three '(3) years from the date
of approval.
SECTION IV. Upon proper review and filing of the Final
Plat of said subdivision in the office of the
Flathead County Clerk and Recorder, said
premises shall be a subdivision of the City of
Kalispell.
PASSED -AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL, THIS 15TH DAY OF MAY, 2000.
Wm. E. Boharski
Mayor
ATTEST:
T eresa White
City Clerk
EXHIBIT A
LEGAL DESCIRPTION
Gwenn Lee / Lee's Meridian Business Park - Annexation and Initial -Zoning
DESCRIPTION:
A TRACT OF LAND, SITUATED, LYING, AND BEING -IN NORTHEAST QUARTER OF
THE NORTHEAST QUARTER OF SECTION 13, TOWNSHIP 28 NORTH, RANGE 22
WEST, P.X.,M., FLATHEAD COUNTY, MONTANA, AND MORE PARTICULARLY
DESCRIBED AS FOLLOWS TO WIT:
Commencing at the northeast corner of the Northeast Quarter of
Section 13, Township 28 North, Range 22 West, P.M., M., Flathead
.County, Montana; Thence along the east boundary of said -NE1/4
S01*09146`T'W 158.72 feet; Thence N88050114"W 50.00 feet to the
westerly R/W .of Meridian Road, which is THE TRUE: POINT OF BEGINNING
OF THE TRACT OF LAND HERRIN DESCRIBED: Thence along said R/W
S01*09146"W 329.09 feet; Thence leaving said R/W N89a35141"W
720.67 feet the southerly R/W of Burlington Northern Railroad,
which point is on a 713.94 foot radius curve, concave southeasterly,
(radial bearing S50*2410511E); Thence northeasterly along said R/W
and along said curve through a central angle of 36&33116" an arc
length of 455.49 feet; Thence N76*09111"E 358.51 feet to the point
of beginning and containing 3.548 ACRES; Subject to and together
with all appurtenant easements of record.
STATE OF MONTANA,
ss
County of Flathead
Recorddeedd+ at the request of L/e l
this ( day of 20,01 at o'clock/9M and recorded in
the records of Flat ea d County, Stat of Montana.
Fee $ ✓ Pd.
%„ t (Flathead County Clerk and Reco r)
RECEPTION NO. /t}�' _
RETURN TO S®t µ
//�� (Deputy)
EXHIBIT "B"
CERTIFICATION OF WORK TO BE COMPLETED
LEE'S MERIDIAN BUSINESS PARK
SUBDIVISION ROAD
COMPLETED TO DATE
5-Dec-00
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
101
Unclassified Excavation
C.Y.
2,050
$ 1.80
$ 3,690.00
2,050
$3,690.00
102
Select Sub -Base, 3" (-) Pit Run Gravel
LUMP SUM
1
$ 8,000.00
$ 8,000.00
100%
$8,000.00
103
Crushed Base, 3/4" Crushed Gravel
S.F.
22,000
$ 0.14
$ 3,080.00
22,000
$3,080.00
104
Hot Plant Mix As halt (4" - Two Lifts)
S.F.
18,880
$ 0.75
$ 14,160.00
18,880
$14,160.00
105
Curb and Gutter
L.F.
1,022
$ 7.00
$ 7,154.00
1,022
$7,154.00
106
Valley Gutters w/ Aprons
S.F.
320
$ 4.00
$ 1,280.00
0
$0.00
107
Sidewalk (5' Wide) w/ Prepared Base
S.F.
6,900
$ 3.00
$ 20,700.00
0
1 $0.00
SUBTOTAL ITEMS 101-107
$ 58,064.001
$36,084.00
WATER SYSTEM
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
201
8" PVC Water Main (Outside Meridian Rd)
L.F.
466
$ 24.00
$ 11,184.00
466
$11,184.00
202
8" PVC Water Main (Within Meridian Rd)
L.F.
24
$ 35.00
$ 840.00
24
$840.00
203
8" Gate Valves and Boxes
EACH
1
$ 800.00
$ 800.00
1
$800.00
204
12"x12"x8" Tapping Sleeve & Valve
LUMP SUM
1
$ 3,800.00
$ 3,800.00
100%
$3,800.00
205
Fire H drant w/ Aux. Valves
EACH
2
$ 2,200.00
$ 4,400.00
2
$4,400.00
206
Tees & Misc. Fittings
EACH
6
$ 250.00
$ 1,500.00
6
$1,500.00
207
1" Water Services
EACH
7
$ 500.00
$ 3,500.00
7
$3,500.00
208
Flushing Hydrant
EACH
1
$ 600.00
$ 600.00
1
$600.00
SUBTOTAL ITEMS 201 - 208
$ 26,624.00
$26,624.00
SEWER SYSTEM
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
301
8" PVC Sewer Main
L.F.
503
$ 22.00
$ 11,066.00
503
$11,066.00
302
4" Services
EACH
7
$ 500.00
$ 3,500.00
7
$3,500.00
303
4' Diameter Manhole w/ Ring & Cover
EACH
5
$ 900.00
$ 4,500.00
5
$4,500.00
304
Connect New Service to Exist. Service
EACH
1
$ 500.00
$ 500.00
1
$500.00
SUBTOTAL ITEMS 301 - 304
$ 19,566.00
$19,566.00
STORMWATER DRAINAGE
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
401
8" PVC Storm Drain
L.F.
92
$ 18.00
$ 1,656.00
92
$1,656.00
402
12" PVC Storm Drain
L.F.
410
$ 22.00
$ 9,020.00
410
$9,020.00
403
Catch Basins w/ Frames & Grates
EACH
4
$ 600.00
$ 2,400.00
4
$2,400.00
404
Connections to Existing SO Manholes
EACH
2
$ 400.00
$ 800.00
2
$800.00
SUBTOTAL ITEMS 401 - 404
1
1
1 $ 13,876.001
$13,876.00
EXHIBIT "B"
LEE'S MERIDIAN BUSINESS PARK
LETTER OF CREDIT CERTIFICATION
12/05/00 1 OF 2 PAGES
MISCELLANEOUS WORK
COMPLETED TO DATE
5-Dec-00
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
Total Price
QUANTITY
COMPLETED
TOTAL COST
COMPLETED
501
Topsoil (Boulevards)
C.Y.
66
$ 20.00
S 1,320.00
0
$0.00
502
H droseed
S.F.
12,500
S 0.20
S 2,500.00
0
$0.00
503
Pavement Striping
LUMP SUM
1
S 850.00
S 850.00
0%
$0.00
504
Traffic Control
LUMP SUM
1
S 500.00
S 500.00
100%
$500.00
505
Street Signs
EACH
2
S 300.00
$ 600.00
0
$0.00
506
Fencing Along South Prop. Line
LUMP SUM
1
5 5,400.00
$ 5,400.00
90%
$4,860,00
SUBTOTAL ITEMS 501 - 506
$ 11,170.00
$5,360.00
UTILITIES
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
QUANTITY
Total Price COMPLETED
TOTAL COST
COMPLETED
601
Utility Trench
L.F.
675
$ 2.00
$ 1,350.00 675
$1,350.00
602
Furnish/Install 2" Conduit
L.F.
2,020
$ 1.80
$ 3,636.00 2,020
$3,636.00
603
Furnish/Install 3" Conduit
L.F.
1,350
$ 2.20
$ 2,970.00 1,350
$2,970.00
604
Three Phase Transformer Vault
EACH
3
$ 300.00
$ 900.00 4
$1,200.00
SUBTOTAL ITEMS 601-604
$ 8,856.00
$9,156.00
ENGINEERING, SURVEYING, UTILITY COMPANIES - PERMITS, FEES
Item No.
Description
Unit
Measure
Estimated
Quantity
Unit Price
QUANTITY
Total Price COMPLETED
TOTAL COST
COMPLETED
701
Natural Gas (Montana Power Company)
LUMP SUM
1
$ 6,500.00
$ 6,500.00 100%
$6,500.00
702
Telephone (Centur el)
LUMP SUM
1
$ 7,321.00
S 7,321.00 100%
$7,321.00
703
Electrical (FEC) - Includes Street Lights
LUMP SUM
1
$ 8,264.00
S 8,264.00 100%
$8,264.00
704
MDEQ Review Fee
LUMP SUM
1
$ 700.00
5 700.00 100%
$700.00
705
FRDO Final Plat Fee
LUMP SUM
1
$ 550.00
S 550.00 100%
$550.00
706
lEngineering, Design & Construction
LUMP SUM
1
S 11,900.00
$ 11,900.00 90%
$10,710.00
707 ISurveying,
Legal & Construction
LUMP SUM
1
$ 8,250.00
$ 8,250.00 100%
1
$8,250.00
SUBTOTAL ITEMS 701 - 707
$ 43,485.00
$42,295.00
TOTAL PROJECT BUDGET
TOTAL ESTIMATED COST OF CONSTRUCTION
AMOUNT COMPLETED PRIOR TO BONDING
AMOUNT OF REMAINING WORK
AMOUNT OF BOND (125% OF REMAINING WORK)
AMOUNT OF WORK COMPLETED TO DATE
PERCENTAGE OF WORK COMPLETED TO DATE
AMOUNT OF WORK REMAINING
ORIGINAL BOND AMOUNT
AMOUNT OF BOND TO BE RETAINED (125 % OF REMAINING WORK)
BOND AMOUNT TO BE RELEASED
AMOUNT PREVIOUSLY RELEASED
AMOUNT TO BE RELEASED AT THIS TIME
$ 181,641.00 $ 152,961.00
S 181,641.00
$ 152,961.00
$ 28,680.00
$ 35,850.00
$ 152,961.00
84%
S 28,680.00
S 35,850.00
$ 35,850.00
S -
AS ENGINEER OF RECORD FOR LEE'S MERIDIAN BUSINESS PARK, 1 CERTIFY THAT THE WORK
LISTED HEREIN IS CORRECT. IN ADDITION, I CERTIFY THAT THE ASSOCIATED COSTS ARE
REASONABLY ACCURATE ESTIMATES OF THE RESPECTIVE COSTS OF THE WORK. THE
VALUE OF CONSTRUCTION AND OTHER WORK COMPLETED TO DATE IS ESTIMATED TO BE ............... $ 152,961.00
THE TOTAL VALUE OF THE REMAINING WORK, SERVICES AND FEES IS ESTIMATED TO BE .................. $ 28,680.00
SECURITY HELD AT 125 % OF THE REMAINING COSTS SHOULD BE IN THE AMOUNT OF ........................ $ 35,850.00
THEREFORE, IT IS IN ACCORDANCE WITH THE SUBDIVISION IMPROVEMENTS AGREEMENT TO
REDUCE THE TOTAL AMOUNT OF THE Y ELD BY $
p IOTA
THOMAS M. COWAN P.E *ALL IMPROVEMENTS SHALL BE COMPLETED BY MAY 1, 2001
THO AS M. �
COWAN C') EXHIBIT "B"
32' 141 10
LEE'S MERIDIAN BUSINESS PARK
LETTER OF CREDIT CERTIFICATION N/ 12/05/00 2 OF 2 PAGES �
OF S 5\off