SIA/Final Plat Ph 6 & 7Return To:
Aimee Bronkhorst
Kalispell City Clerk
201 1" Ave. E.
Kalispell, MT 59901
00
111IIN
Page:1 of �
66.00
Debbie Pierson, Flathead County MT by )R Fees$4:33 PM
12/14/20 s:
SUBDIVISION IMPROVEMENT AGREEMENT
WEST VIEW ESTATES, PHASES 6 & 7
THIS AGREEMENT, made and entered into this.---! dayof , 2023 , by and
between CITY COUNCIL, CITY OF KALISPELL, MONTANA, Party of the First Part and
hereinafter referred to as the CITY, and Owl Corporation, a Corporation located at 500 Palmer Drive,
Kalispell, MT 59901, Party ofthe Second Part and hereinafter referred to as DEVELOPER.
WITNESSETH:
THAT WHEREAS, the Developer is the owner and developer of a new subdivision known as
WEST VIEW ESTATES, PHASES 6 & 7, located in the NW 1 4, SW 1 4 of Section 25, Township
29N, Range 22W, Flathead County, Montana; and,
WHEREAS, the County has conditioned its' approval of the final plat of WEST VIEW
ESTATES, PHASES 6 & 7 subdivision, upon the conditions as set forth in the Preliminary Plat of
the Subdivision being 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 1250o 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 improvements to be bonded for is the sum of
$ 18,520
NOW THEREFORE, inconsideration 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 County a Letter of Credit, or other
acceptable collateral as determined by the City Council, in the amount of $ 23,150.00 . Said
Letter of Credit or other collateral shall have an expiration date of at least sixty (60) days
following the date set for completion of the improvements, certifying the following:
i a. That the creditor guarantees funds in the sum of $ 23,150.00 , which represents 1250o
of the estimated cost of completing the required improvements in West View Estates, Phases
r 6 & 7 subdivision.
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;
West View Estates, Phases 6 & 7
Subdivision Improvement Agreement
Page 1
2. That said required improvements shall be fully completed by August 30, 2024.
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 two (2) years 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 tiled 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 detemines 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
withhold collateral sufficient to insure such compliance. If the City determines that the Developer will
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 improvement(s) 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.
West View Estates, Phases 6 & 7
Subdivision Improvement Agreement
Page 2
IN WITNESS WHEREOF, the Parties to this agreement have hereunder set their hands and sea!,
the day and year herein before written.
OWL CORPORATION
By:
(Title)
STATE OF MONTANA
COUNTY OF FLATHEAD
On this 14A:�-dayof Qa -,b%f c , 2023, before me, a Notary Public for the State of Montana,
personally appeared Qa.,.,�,, p,,_,`,,,v known to me to be the of
whose name is subscribed to the foregoing instrument and
acknowledged to me that he executed the same
IN WITNESS WHEREOF, I ha%e hereunto set my hand and affixed my Notary Seal this day and
year first above written.
HANNAH HEAD
p�NAHNFq
NOTARY PUBLIC for the
:�ot"rtyc:
State of Montana
* SEAL:*
Residing at
N„ . : =Q
9rF
Kila, Montana
' • °
°FMB
My Commission Expires
December 18, 2025
C o LArl C.t�vr{-
M-Vr131k, CITY OF KALISPELL
j2dtL
$4oC4 Public for the Stateof Montana
co ttir%e-4, 1 f reS"de.h+
Res in t
M mmi§sionE. ires
ATTEST:
City of Kalispell Clerk
City Clerk
pri"M'1 ,► i
West View Estates, Phases 6 & 7
Subdivision Improvement Agreement
Page 3 of 3
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