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2024 SIA/Meadows Edge Ph 3Return to: Aimee Brunckhorst Kalispell City Clerk 201 15` Avenue East Kalispell, MT 59901 APPENDIX E SUBDIVISION IMPROVEMENT AGREEMENT THIS AGREEMENT, made and entered into this 23rd day of January , 20 24 , by and between the CITY COUNCIL, CITY OF KALISPELL, MONTANA, Party of the First Part and hereinafter referred to as the CITY, and Meadows Edge, LLC (Name of Developer) a Corporation (Individual, Company or Corporation) located at P.O. Box 7184, Kalispell, Flathead County, Montana 59904 (Street Address/P. O. Box) (City, County, State, Zip) Party 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 Meadows Edge Phase 3 (Name of Subdivision) located at Tract 3 of COS 18892, in the SE 1/4 Section 3, T28N, R22W, P.M.,M., Flathead County, MT (Location of Subdivision) and, WHEREAS, the City has conditioned it's approval of the final plat of Meadows Edge Phase 3 , upon the conditions as set forth (Name of Subdivision) 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 public engineer included herewith as "Exhibit B"; and WHEREAS, the estimated total cost of construction of said improvements is the sum of $ 236,643.30 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 $ 295,804.13 . 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: a. That the creditor guarantees funds in the sum of $ 295,804.13 the estimated cost of completing the required improvements in Meadows Edge Phase 3 . (Name of 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 limited of credit stated in the letter; 2. That said required improvements shall be fully completed by December 31 , 20 24 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 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 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 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 specifications, or within the required time limits, it may withdraw the collateral and employ such funds as may be necessary to construct the improvement or improvements in accordance with the specifications. The unused portions of the collateral shall be returned to the Developer or the crediting institution, as is appropriate. IN WITNESS WHEREOF, the Parties have hereunto set their hands and seals the day and year herein before written. �1 do 05 6- is E L L L (Name of Su division/Developer/Firm) by /% At rHO� IZ�J s� cr'A/() r( (Name) W V % E 1QAb6r-4AcN (Title) STATE OF MONTANA COUNTY OF RaklQ,O-, On this 23 day of G vt LAa , 20 Zt, before me, a Notary Public for the State of Montana, personally appeared W known to me to be the o.. 06I -5i;t&Z of I-Ieadcws whose name is subscribed to the foregoing instrunri�nt and acknowledged to me that he4e executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal this day and year first above written. j4-PnIC_CJ54e����� Nota Public for the State of Montana Printed Name Residing at My Commission Expires 0\11111, AIMEE BRUNCKHORST `�y�9 NOTARY PUBLIC for the .a NOTARIAL "= State of Montana -* SEAL *_ Residing at �N9T Pr`� Lakeside, Montana 0 M \\\\� My Commission Expires OpitDecember 04, 2024 MAYOR, CI OF KALI LL ATTEST: CIT CLERK Project Name: MEADOWS EDGE SUBDIVISION, PHASE 3 WGM Project Number: 171034 Owner: MEADOWS EDGE, LLC Bonding Date: January 24, 2024 EXHIBIT "B" CERTIFICATION OF WORK TO BE `-}� WG M G R O U P COMPLETED Completed as of Bonding Date Total Final Construction Construction Quantity Costs Quantities and Costs Line Item Item Description Unit Quantity Unit Price Total Quantity Current Total Landscape Plan Cost Estimate :+iERAL, OPEN SPACE, BOULEVARDS, POND AREA L.1 Mobilization, Demobilization, Insurance, Permits LS 1 $4,000.00 $4,000,00 0 $0.00 L.2 Park/Open Space Grass Seed Mix SF 120000 $0.20 $24,000.00 0 $0.00 L.3 Trees EA 96 $280.00 $26,880.00 0 $0.00 L.4 Shrubs EA 37 $45.00 $1,665.00 0 $0.00 L.5 Perrenials EA 171 $12.00 $2,052.00 0 $0.00 L.6 Turf Sod SF 5900 $1.27 $7,366.00 0 $0.00 L.7 Pond Plantings SF 9788 $2.30 $22,512.40 0 $0.00 L.8 Auto Spray Irrigation Valve & Box EA 7 $150.00 $1,050.00 0 $0.00 LAO Automatic Controller EA 1 $2,500.00 $2,500.00 0 $0.00 L.11 Irrigation Sleeving LF 132 $5.00 $660.00 0 $0.00 L.13 2" Irrigation Backflow Preventer EA 2 $500.00 $1,000.00 0 $0.00 L.14 Sprinkler Heads EA 270 $18.00 $4,860.00 0 $0.00 L.17 2" PVC Irrigation Main LF 1506 $2.00 $3,012.00 0 $0.00 L.20 1" Poly Irrigation Lateral LF 7195 $1.00 $7,195.00 0 $0.00 L.21 10 wide Asphalt Path (3" asphalt, 8" gravel base) LF 790 $32.00 $25,280.00 0 $0.00 L.23 Open Space Benches EA 15 $775.00 $11,625.00 0 $0.00 GENERAL, OPEN SPACE, BOULEVARDS, AND POND AREA LANDSCAPE TOTAL $14S,6S7.40 $0.00 .a evard L.25 Lan..scape wrtnjn MD ROW (along F2M north of MV way; Turf Sod SF 21603 $1.30 $28,083.90 0 $0.00 L.26 Sprinkler Heads EA 209 $18.00 $3,762.00 0 $0.00 L.27 2" PVC Irrigation Main LF 711 $2.00 $1,422.00 0 $0.00 L.28 Poly Irrigation Lateral LF 2328 $1.00 $2,328.00 0 $0.00 BOULEVARD LANDSCAPE TOTAL $35,595.90 $0.00 L29 Labor S 1 $45,000.00 $45,000.00 0 $0.00 LABOR TOTAL $4S,000.00 $0.00 PHASE 3 LANDSCAPING TOTAL $226,253.30 $0.00 Remaining Civil Cost Estimate CA � Lift Station Fencing IS 1 $5,690.00 $5,690.00 0 $0.00 C 2 Grading around lift station LS 1 $1,200.00 $1,200.00 0 $0.00 C.3 Exterior Lift Station Building Work LS 1 $3,500.00 $3,500.00 0 $0.00 CIVIL ITEMS TOTAL $10,390.00 $0.00 PHASE 3 CIVIL ITEMS TOTAL $10,390.00 $0.00 TOTAL PROJECT BUDGET (INCLUDES LANDSCAPING) $236,643.30 $0.00 TOTAL ESTIMATED COST OF CONSTRUCTION $236,643.30 Approximate percentage of completed work as of bon %JfJ!W^,. ,, T B+rr,/� AMOUNT COMPLETED PRIOR TO BONDING $0.00 AMOUNT OF REMAINING WORK PRIOR TO BONDING $236,643.30 AMOUNT OF BOND (125% OF REMAINING WORK) $295,804.13\\\t AS PROJECT ENGINEER FOR MEADOWS EDGE SUBDIVISION PHASE 113, 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: THE TOTAL VALUE OF REMAINING WORK, SERVICES AND FEES IS ESTIMATED TO BE: SECURITY HELD AT 125% OF THE REMAINING COSTS SHOULD BE IN THE AMOUNT OF: BENJAMIN RANKIN, P.E. 'ALL IMPROVEMENTS SHALL BE COMPLETED BY: $0.00 $236,643.30 $295,804.13 December 31, 2024 • B JA ;gild J.: • RAKIN _moo N �4j117 1PE •Eu %.� C E S d. /O NAB- �? 441 in4" 1111%t����