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2025 MOU/Aspen Creek West Ph 1/Nelson (NR)Recording Requested By and After Recording Return to: Kalispell City Clerk P.O. Box 1997 Kalispell, MT 59903 MEMORANDUM OF UNDERSTANDING THIS MEMORANDUM OF UNDERSTANDING (the "Agreement"), made and entered into this c� 0 day of Q6Q.► - , 2025, by and between the CITY COUNCIL, CITY OF KALISPELL, MONTANA (the "City"), NELCON, INC., a Montana Corporation, located at P.O. Box 5370, Kalispell, Montana 59903 (the "Contractor"), and 520 THREE MILE DRIVE ASSOCIATES, LLC, a Delaware limited liability company, located at 940 Emmett Avenue, Suite 200, Belmont, California 94002 (the "Subdivider"). WITNESSETH: THAT WHEREAS, Contractor is the builder of record of certain improvements described herein within a new subdivision owned by Subdivider, known as ASPEN CREEK WEST - PHASE 1 located in the Northwest Quarter of the Northeast Quarter of Section 11, Township 28 North, Range 22 West P.M.M., Flathead County, Montana, as legally described on "Exhibit A" attached hereto (the "Subdivision"); and, WHEREAS, Contractor has completed the infrastructure improvements in the City right-of-way within the Subdivision as described on "Exhibit B" attached hereto (the "City Infrastructure"); and WHEREAS, the City has conditioned its approval of the final plat of Aspen Creek West - Phase I (the "Final Plat") upon Contractor providing a five-year warranty period (the "Warranty Period") related to the City Infrastructure, beginning on the date that is the later of the recording of the Final Plat or acceptance of the City Infrastructure improvements by the City; and WHEREAS, the City's Subdivision Regulations require that a contractor shall provide financial security equal to 20% of the total value of public infrastructure constructed in the form of either a Surety Bond, a Certificate of Deposit (CD) or an irrevocable Letter of Credit issued by a bank licensed to do business in the State of Montana (LC) (each referred to as the "Warranty Bond"); and WHEREAS, Contractor cannot obtain a Warranty Bond for longer than a two-year period; and WHEREAS, City, Contractor and Subdivider desire to enter into this Agreement to assure Contractor's commitment to renew the Warranty Bond beyond the initial two-year term or otherwise provide appropriate replacement security to the Warranty Bond for the full Warranty Period. MEMORANDUM OF UNDERSTANDING ASPEN CREEK WEST - PHASE 1 NOW THEREFORE, in consideration of the approval of the Final Plat by the City, the Contractor and Subdivider hereby agree as follows: As collateral for the Warranty Bond, Contractor shall deposit with the City a Surety Bond, CD or LC, or other acceptable collateral as determined by the City Council (the "Collateral"), in the amount of $308,443.00. The initial Collateral, shall have an expiration date of at least two (2) years following recording of the Final Plat, and shall certify the following: a. That the creditor of the Collateral guarantees funds in the amount of $308,443. b. That if the Contractor fails to complete any required repairs or replacement of the City Infrastructure during the Warranty Period, the creditor will pay to the City immediately, and without further action, such hinds as are necessary to finance the completion of those repairs up to the limited amount of credit stated in the instrument; 2. Contractor and/or Subdivider agree to provide the City with approved replacement Collateral no later than sixty (60) days prior to the expiration date of the existing Collateral instrument. Failure to provide the replacement Collateral is a breach of this Agreement and said breach would be cause for the City to execute on the Warranty Bond. 3. Prior to the Surety Bond company issuing replacement Collateral to the initial two-year Warranty Bond, City and Contractor shall confirm in writing that there are no outstanding repairs or replacement of the City Infrastnicture needed. 4. By acknowledgement of the Surety Bond company referenced below, they are aware that a breach of this Agreement constitutes cause for the City to execute on the Warranty Bond. IN WITNESS WHEREOF, the Parties have hereunto set their hands and seals the day and year herein before written. Contractor: NELCON, INC, a Montana Corporation By: , . "'Mike P. Wlirte, President [signatures continue on following page] MEMORANDUM OF UNDERSTANDING ASPEN CREED WEST - PHASE 1 2 Subdivider: 520 Three Mile Drive Associates, LLC, a Delaware limited liability company By: VPDC 2015, LLC, a Delaware limited liability company, its manager By: Name: Debra L. Perry A Its: Vice President Surety Bond Company Acknowledtement: Company Name: C: By: _ Name: Its: MAYOR, CITY OF KALISPELL ATTEST: MAYOR CIT LERK `,��Illllrb.f� �t n 0 // • ........ ����rrr►►►�ae�d MEMORANDUM OF UNDERSTANDING ASPEN CREEK WEST — PHASE 1 Subdivider: 520 Three Mile Drive Associates, LLC, a Delaware limited liability company By: VPDC 2015, LLC, a Delaware limited liability company, its manager By:_ Name: Its: Surety Bond Company Acknowledgement: Company Name: Old Republic Surety Company o`er r'convoq�rq `:i 1. '� ' 9 ` SAL M, .o e: James E. Ma'esk 11 u Its: Attorney -in -Fact Cam: MAYOR, CITY OF KALISPELL MAYOR ATTEST: � , 40 18°"2 MEMORANDUM OF UNDERSTANDING ASPEN CREEK WEST - PHASE 1 3 STATE OF MONTANA COUNTY OF On this day of personally appeared of CONTRACTOR ACKNOWLEDGEMENT 2025, before me, a Notary Public for the State of Montana, known to me to be the , whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal this day and year first above written. Notary Public for the State of Montana Printed Name Residing at My Commission Expires �3 13 kyj 11 11 11,11 111 1 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Placer On i U i 04 / ` s. before me, 1 v v trt-------- , Notary Public, personally appeared Debra L. Perry , who proved to me on tlybasis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature MEMORA Seal J. TRUONG� COMM. # 2388951 L NOTARY PUBLIC 9 CAyFORMIA SACRAMENTO COUNTY COMM. ExP. JAN. 28. 2026 ASPEN CREEK WEST — PHASE 1 4 CONTRACTOR ACKNOWLEDGEMENT STATE OF MONTANA COUNTY OF �-i{7-f7` ft-b On this %U day of C-1- 4.-0'r , 2025, before me, a Notary Public for the State of Montana, personally appeared �C z p /� j x ,known to me to be the Ti' y; Of _ �1 �/c , whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal this day and year first ibove written. Notary Public for the Sta Printed Name S'I�1 U Residing at /tj"l V My Commission Expires f of Montana A U 4 4 f IZ-- SHAUivA UNGER yrPo►+A uHo� NOTARY PUBLIC for the NOSARig( 9 State of Montana N� SEAL Residing at Marion, MT r` 9�OFP My Commission Expires October 30, 2028. SUBDIVIDED ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of On before me, Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is hue and correct. WITNESS my hand and official seal. Signature Siv:ature of Notary Public Seal MEMORANDUM OF UNDERSTANDING ASPEN CREEK WEST — PHASE 1 4 EXHIBIT A Legal Description A TRACT OF LAND BEING A PORTION OF TRACT 2 OF CERTIFICATE OF SURVEY NO. 16428, ON FILE AND OF RECORD IN FLATHEAD COUNTY, MONTANA, LOCATED IN THE NORTHEAST ONE QUARTER OF SECTION 11, TOWNSHIP 28 NORTH, RANGE 22 WEST, PRINCIPAL MERIDIAN, MONTANA, CITY OF KALISPELL, COUNTY OF FLATHEAD, MONTANA; MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID TRACT 2; THENCE NO3°28'39"E, ALONG THE WEST BOUNDARY LINE OF SAID TRACT 2 AND THE EAST BOUNDARY LINE OF THE PLAT OF SPRING CREEK ESTATES 1, ON FILE AND OF RECORD IN FLATHEAD COUNTY, MONTANA, 842.63 FEET TO A POINT ON THE SOUTH BOUNDARY LINE OF PARCEL B OF CERTIFICATE OF SURVEY NO. 4218, ON FILE AND OF RECORD IN FLATHEAD COUNTY, MONTANA; THENCE S86°37'02"E, ALONG SAID SOUTH BOUNDARY LINE, 317.35 FEET TO THE SOUTHEAST CORNER OF SAID PARCEL B; THENCE NO3°28'47"E, ALONG THE EAST BOUNDARY LINE OF SAID PARCEL B, 120.60 FEET TO THE APPROXIMATE THREAD OF SPRING CREEK; THENCE S41°15'55"E, 182.55 FEET; THENCE S55008'17"E, 150.35 FEET; THENCE N68°51'37"E, 256.17 FEET TO THE APPROXIMATE THREAD OF SPRING CREEK AND A POINT ON THE EAST BOUNDARY LINE OF SAID TRACT 2 OF CERTIFICATE OF SURVEY 16428 AND THE WEST BOUNDARY LINE OF THE PLAT OF ASPEN CREEK SUBDIVISION PHASE 2, ON FILE AND OF RECORD IN FLATHEAD COUNTY, MONTANA; THENCE S06010'28"W, ALONG SAID WEST BOUNDARY LINE OF THE PLAT OF ASPEN CREEK SUBDIVISION PHASE 2, 317.10 FEET; THENCE S06° 12'35"W, CONTINUING ALONG SAID WEST BOUNDARY LINE OF THE PLAT OF ASPEN CREEK SUBDIVISION PHASE 2,426.99 FEET TO THE SOUTHWEST CORNER THEREOF, SAID POINT ALSO BEING THE NORTHWEST CORNER OF THE PLAT OF TWO MILE TRACTS PHASE 2, ON FILE AND OF RECORD IN FLATHEAD COUNTY, MONTANA; THENCE S06°07'15"W, ALONG THE WEST BOUNDARY LINE OF SAID PLAT OF TWO MILE TRACTS PHASE 2,114.95 FEET TO THE SOUTHEAST CORNER OF SAID TRACT 2 OF CERTIFICATE OF SURVEY 16428, SAID POINT ALSO BEING THE NORTHEAST CORNER OF THE PLAT OF ASPEN KNOLL SUBDIVISION PHASE 1, ON FILE AND OF RECORD IN FLATHEAD COUNTY, MONTANA; THENCE N86°51'11 "W, ALONG THE SOUTH BOUNDARY LINE OF SAID TRACT 2 AND THE NORTH BOUNDARY LINE OF SAID PLAT OF ASPEN KNOLL SUBDIVISION PHASE 1, 766.54 FEET TO THE POINT OF BEGINNING. MEMORANDUM OF UNDERSTANDING ASPEN CREEK WEST - PHASE 1 EXHIBIT B City Infrastructure [1-page Summary dated 9/22/25 attached hereto] MEMORANDUM OF UNDERSTANDING ASPEN CREEK WEST - PHASE 1 6 Project Name: Aspen Creek West Subdivision - Phase 1 WGM Project Number: 210313 n Owner: 520 Three Mile Drive Associates 4& W G M G R O U P Date: September 22, 2025 V SUMMARY FOR FINAL CONSTRUCTION QUANTITIES AND COSTS - CITY INFRASTRUCTURE NA - Final Construction Quantity Final Construction Costs city -owned Quantity City -Owned Infrastructure Line Item Item Description Unit Unit Price Total unit Price Total Schedule 2 - Roads & Sidewalks 2.1 3" Minus Select Subbase Material CY 2130 $37.00 $78,810.00 2,130 $37.00 $78,810.00 2.2 3/4" Minus Base Course Material Cy 1420 $39.00 $55,380.00 1,420 $39.00 $55,380.00 2.3 Asphalt Pavement (4" Thickness} ..._ SY 7015 $29.00 $203,435.00 7,015 $29.00 $203,435.00 2A Curb & Gutter LF 4310 $22.00 $94,820.00 4,310 $22.00 $94,820.00 2.5 Standard Sidewalk -4"Thick with 6' Base SF 20850 $6.00 5125,100.00 20,850 56.00 $125,100.00 2.6 Driveway and Path Approach, SF 510 $9.00 $4,590.00 510 $9.00 $4,590.00 2.7 Mailbox Pullout LS 1 $7,500.00 $7,500.00 1 $7,500.00 $7,500.00 2.8 ADA Truncated Domes EA 18 $550.00 $9,900.00 18 $550.00 $91900.00 2.9 Saw -Cut Existing Asphalt LF 540 $3.00 $1,620.00 540 $3.00 $1,620.00 2.10 Asphalt Pavement (Water Sewer Trench Replacement) SY 170 $29.00 $4,930.00 170 $29.00 $4,930.00 SCHEDULE 2 TOTAL $586,085.00 $586,085.00 Schedule 3 -Water System 3.1 8" PVC Water Main LF 1650 $76.00 $125,400.00 1,650 $76.00 $125,400,00 3.2 8" Dia. 11.25' 0.1. Elbow EA 3 $925.00 $2,775.00 3 $925.00 $2,775.00 3.3 8" Dia. 22.5' D.I. Elbow EA 7 $925.00 $6,475.D0 7 $925.00 $6,475.00 3.4 B" Dia. 45' D.I. Elbow EA 4 $925.00 $3,700.00 4 $925.00 $3,700.00 3.5 8"x8" MJxMJ D.I. Tee EA 1 $1,100.00 $1,100.00 1 $1,100.00 $1,100.00 3.6 B" MJxMJ Gate Valves, Boxes, & Apron EA 13 $2,000.00 $26,000.00 13 $2,000.00 $26,000,00 3.7 12" PVC Water Main LF 20 $210.00 $4,200.00 20 $210.00 $4,200,00 3.8 12"xB" MJxMJ D.I. Tee EA 2 $4,000.00 $8,000.00 2 $4,000.00 $8,000.00 3.9 12" MJxMJ Gate Valves, Boxes, & Apron EA 4 $4,600.00 $18,400.00 4 $4,600.00 $18,400.00 3.10 Valve Box Extension and Centering Donut EA 1 $570.00 $570.00 1 $570.00 $570.00 3.11 6" Fire Hydrant Assembly EA 4 $6,600.00 $26,400.00 4 $6,600.00 $26,400.00 3.12 3/4" Domestic Water Service (with standard meter pit lid) EA 52 $3,000.00 $156,000.00 52 $3,000,00 $156,000.00 3.13 Connect to Existing Water Main Stubs EA 3 $2,400.00 $7,200.00 3 $2,400.00 $7,200,00 3.14 2" Water Irrigation Service and Meter Pit LS 1 $9,350.00 $9,350.00 1 $9,350.00 $9,350.00 SCHEDULE 3 TOTAL $395,570.00 $395,570.00 Schedule 4 - Sewer System 4.1 Connect to Existing EA 2 $2,000.00 $4,000.00 2 $2,000.00 $4,000.00 4.2 Install 48" Dia. Manhole w/Cover & Concrete Collar EA 11 $4,580.00 $50,380.00 11 54,580.00 $50,380.00 4.3 4" Sanitary Sewer Service EA 52 $2,000.00 $104,000.00 52 $2,000.00 $104,000.00 4.4 8" SDR35 PVC Sewer Main (within ROW) EA 1250 $95.00 $118,750.00 1,250 $95.00 $118,750.00 4.5 8" SDR35 PVC Sewer Main (outside ROW) EA 460 $57.00 $26,220.00 460 $57.00 $26,220.00 4.6 Abandon and Cap Ex. FM in Camp Crooke (inc. asphalt patch) LS 1 $4,250.00 $4,250.00 1 $4,250.00 $4,250.00 SCHEDULE 4 TOTAL $307,600.00 $307,600.00 Schedule 5 - Stormwater Management 5.1 30" I.D. Storm Basin (w/ drive -over curb casting, apron, & rings) EA 14 $2,600.00 $36,400.00 14 $2,600.00 $36,400.00 5.2 48" I.D. Storm Basin (w/ drive -over cover casting, collar, & rings) EA 3 $5,200.00 $15,600.00 3 $5,200.00 $15,600.00 5.3 48" I.D. Storm Basin (w/ solid cover casting, collar, & rings) EA 12 $4,800.00 $57,600.00 12 $4,800.00 $57,600.00 5.4 12" PVC, SDR 35 Storm Main LF 1360 $101.00 $137,360.00 1,360 $101.00 $137,360.00 SCHEDULE 5 TOTAL $246,960.00 $246,960.00 Schedule 6 - Dry Utilities, Street Lighting, and Signage 6.1 Street Signs LS 1 $6,000.00 $6,000.00 1 $6,000.00 $6,000.00 SCHEDULE 6 TOTAL $6,000.00 $6,000.00 BASE BID TOTAL $1,542,215.00 $1,542,215.00 NOTES WARRANTY AND MAINTENANCE BOND AMOUNT OF 20%OF CITY -OWNED INFRASTRUCTURE _ $308,443.00 * ,t * OLD REPUBLIC SURETY COMPANY POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS: That OLD REPUBLIC SURETY COMPANY, a Wisconsin stock insurance corporation, does make, constitute and appoint: Jaclyn Kruse, James E. Majeskey II, Thomas C. Denison, Jennifer Martinez Ibarra, James Clegg, Dylan Arre, Casey L. Lund, Victoria Crist, Liliana Castrejon Perez, Taj Hoard -Sire of Spokane, WA its true and lawful Attorney(s)-in-Fact, with full power and authority for and on behalf of the company as surety, to execute and deliver and affix the seal of the company thereto (if a seal is required), bonds, undertakings, recognizances or other written obligations in the nature thereof, (other than bail bonds, bank depository bonds, mortgage deficiency bonds, mortgage guaranty bonds, guarantees of installment paper and note guaranty bonds, self-insurance workers compensation bonds guaranteeing payment of benefits, or black lung bonds), as follows: ALL WRITTEN INSTRUMENTS and to bind OLD REPUBLIC SURETY COMPANY thereby, and all of the acts of said Attorneys -in -Fact, pursuant to these presents, are ratified and confirmed. This appointment is made under and by authority of the board of directors at a special meeting held on February 18, 1982. This Power of Attorney is signed and sealed by facsimile under and by the authority of the following resolutions adopted by the board of directors of the OLD REPUBLIC SURETY COMPANY on February 18,1982. RESOLVED that, the president, any vice-president or assistant vice president, in conjunction with the secretary or any assistant secretary, may appoint attorneys -in -fact or agents with authority as defined or limited in the instrument evidencing the appointment in each case, for and on behalf of the company to execute and deliver and affix the seal of the company to bonds, undertakings, recognizances, and suretyship obligations of all kinds; and said officers may remove any such attorney -in -fact or agent and revoke any Power of Attorney previously granted to such person. RESOLVED FURTHER, that any bond, undertaking, recognizance, or suretyship obligation shall be valid and binding upon the Company (i) when signed by the president, any vice president or assistant vice president, and attested and sealed (if a seal be required) by any secretary or assistant secretary; or (ii) when signed by the president, any vice president or assistant vice president, secretary or assistant secretary, and countersigned and sealed (if a seal be required) by a duly authorized attorney -in -fact or agent, or (iii) when duly executed and sealed (if a seal be required) by one or more attorneys -in -fact or agents pursuant to and within the limits of the authority evidenced by the Power of Attorney issued by the company to such person or persons. RESOLVED FURTHER that the signature of any authorized officer and the seal of the company may be affixed by facsimile to any Power of Attorney or certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the company; and such signature and seal when so used shall have the same force and effect as though manually affixed. IN WITNESS WHEREOF, OLD REPUBLIC SURETY COMPANY has caused these presents to be signed by its proper officer, and its corporate seal to be affixed this 17th day of October 2024 soREr.,. OLD REPUBLIC SURETY COMPANY �OPPOP�TE 0 a SEAL > 0 o _ roP, Ass.„ant Secreta * President STATE OF WISCONSIN, COUNTY OF WAUKESHA - SS On this 17th day of October 2024 personally came before me, Alan Paylic and Karen J Haffner , to me known to be the individuals and officers of the OLD REPUBLIC SURETY COMPANY who executed the above instrument, and they each acknowledged the execution of the same, and being by me duly sworn, did severally depose and say: that they are the said officers of the corporation aforesaid, and that the seal affixed to the above instrument is the seal of the corporation, and that said corporate seal and their signatures as such officers were duly affixed and subscribed to the said instrument by the authority of the board of directors of said corporation. Notary Public My Commission Expires: September 28, 2026 CERTIFICATE (Expiration of notary's commission does not invalidate this instrument) I, the undersigned, assstant secretary of the OLD REPUBLIC SURETY COMPANY, a Wisconsin corporation, CERTIFY that the foregoing and attached Power of Attorney remains in full force and has not been revoked; and furthermore, that the Resolutions of the board of directors set forth in the Power of Attorney, are now in force. 789450 ORSC 22262 (3-06) 0 SuRt, QJ 1 YI LOP POPti TE 0 o SEAL 4 A= O 9th October 2025 Signed and sealed at the City of Brookfield, WI this day of 1�As-cr-t- f-ul-) Marsh & McLennan Agency LLC