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Various CorrespondenceFrank Castles From: Dona Gomez [dona_gomez@villageprop.com] Sent: Tuesday, October 06, 2009 4:46 PM To: fcastles@kalispell. com-, djwalker@buyinmontana.com Cc: Mark Sanchez; Debbie Pierce Subject: FW: Aspen Creek Holdback Attachments: 4062001.pdf Attached is a copy of the letter we sent out in August. Please execute and return via mail or email to: Debbie Pierce Alliance Title & Escrow Corp. 501 South Main Kalispell, MT 59901 Thank you, Dona Gomez KALISPELL BOWSER CREEK ASSOCIATES, LLC 121 Spear Street, Suite 250 San Francisco, CA 94100' 415-227-2228 fax <<4062_001.pdf>> I A KALisPELL i#' R a August 24, 2009 Touchstone, LLC 1289 Meridian Road Kalispell, MT 59901 Attn: Mr. David J. Walker Northstar Associates, LLC 2239 Lower Valley Road Kalispell, MT 59901 Attn: Mr. Tim Birk City of Kalispell (City Manager) P.O. Box 1997 Kalispell, MT 59901 520 Three Mile Drive Associates, LLC 121 Spear Street, Suite 250 San Francisco, CA 94105 Attn: Debbie Perry RE: Escrow Agreement dated March 20, 2006 (the "Agreement") by and between KALISPELL BOWSER CREEK ASSOCIATES, LLC ("Developer') and Touchstone, LLC, Northstar Associates, LLC, 520 Three Mile Drive Associates, LLC and City of Kalispell (collectively, the "Participants") Dear Participant: Pursuant to Paragraph 5 of the referenced Agreement, Developer hereby requests the escrowed funds in the amount of $277,758.06 be released to Developer as reimbursement for the Work performed by Developer. Copies of the invoices and cancelled checks for the Work along with the acceptance letter from the City of Kalispell are attached for your reference. The final costs paid by Developer are as follows: CMG Soils engineering $ 5,850 TD&H Design Architecture $ 20,075 LHC $303,094 Total $329,019.80 Please authorize your approval of the release to funds by signing on the attached Disbursement Instructions and returning a copy of same to Debbie Pierce at Alliance Title. If you have any questions or concerns please contact me at 415-227-2208. Sincerely, KALISPELL BOWSER CREEK ASSOCIATES, LLC, a California limited liability company By: VPI, Inc., a California its manamg -, ,o By: Mark SanclicZ/ Authorized R gyres tative cc: Debbie Pierce, Alliance Title and Escrow, (via email deborah__pierce@alliancetitle.com) 121 Spear Street, Suite 250 San Francisco, CA 94105 415-546-9373 415-546-0569 fax DISBURSEMENT INSTRUCTIONS August 24, 2009 Debbie Pierce Alliance Title & Escrow Corp. 501 South Main Kalispell, MT 59901 RE: Escrow Agreement dated March 20, 2006 (the "Agreement") by and between KALISPELL BOWSER CREEK ASSOCIATES, LLC ("Developer") and Touchstone, LLC, Northstar Associates, LLC, 520 Three Mile Drive Associates, LLC and City of Kalispell (collectively, the "Participants") You are hereby authorized to release to Developer the balance of the funds in the amount of $277,758.06 held in Escrow per the Agreement referenced above. ACKNOWLEDGED & AGREED: PARTICIPANTS: TOUCHSTONE, LLC, a Montana limited liability company By: David J. Walker Its: Member NORTHSTAR ASSOCIATES, LLC, a Montana limited Iiability company By: Timothy Birk Managing Member By: Justin Dean Managing Member DEVELOPER: KALISPELL BOWSER CREEK ASSOCIATES, LLC, a California limited liability company By: VPI, Inc., a California corpora Its E11alla 1 By. Mark Sancl z Authorized Rent >setl ive CITY OF KALISPELL By:G r Name. �J Its: City Manager 520 THREE MILE DRIVE ASSOCIATES, LLC, a Delaware limited liability company By: Farmers Branch/Midway Partners, L.P., a Texas limited partnership, its sole member By: VPI, Inc., a California Corp. its General Partner Debra L. Perry, Vice President sj Amanda Lindgren Concerned Citizen lol Perry Pl. Kalispell MT 59901 406-871-5139 City of Kalispell 6/4/2009 Greetings My name is Amanda Lindgren. My family including two small children has recently moved into the Aspen Creek development off of Three Mile drive. It is still sparsely populated and this may be a contributing factor to our problem. This letter will reference the intersection of Shellan rd. and Kara rd.. During development the Stop signs were placed facing West and North. As you can see when visited the majority of residents are in the West half of the development. When you enter the primary entrance to the development on Shellan driving south, you are given a free right turn, this is where most people will have reached almost 35-4omph. My home and yard sit on this deadly corner. There has recently been a number of close calls and in time there will be casualties. I have two small children, my direct neighbor has 3 young children, and there is a small child across the street. I know that this can be remedied with a four way stop (a two way exists). And if this may take some time, can there be an interim solution. I will soon be purchasing my own stop sign if there is not a. timely solution. Y your im gren Concerned Citizen Kalispell Bowser Creek Associates, LLC 121 Spear Street, Suite 250 San Francisco, CA 94105 January 31, 2008 RE: Aspen Creek Subdivision, Phase I Dear Mr. Clark, An examination by the Public Works Department of the referenced project revealed that the work has been completed in accordance with the approved plans and specifications. I have enclosed your Bond in the amount of $547,504.16 per Mark Crowley's instructions. If you have questions, please contact me at 406-758-7750. Sincerely, Debra J. Deist Treasurer INTERNATIONAL FIDELITY INSURANCE COMPANY C-Opy SUBDIVISION IMPROVEMENTS PERFORMANCE BOND Bond No. 0429006 Initial Premium $8,213.00 Subject to Renewal KNOW ALL MEN BY THESE PRESENTS: That we, Kalispell Bowser Creek Associates, LLC as Principal, and INTERNATIONAL FIDELITY INSURANCE COMPANY, a corporation duly authorized under the laws of the State of California to become surety on bonds and undertakings, as Surety, are held and firmly bound unto City of Kalispell, Montana as Obligee in the full and just sum of Five Hundred Forty Seven Thousand Five Hundred Four and 16/100 Dollars, ($ 547,504.16 ) lawful money of the United States of America, to be paid to the said Obligee, successors or assigns; for which payment, well and truly to be made, we bind ourselves, our heirs, executors, successors, administrators and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: WHEREAS, the above named Principal, as a condition of the filing of the final subdivision map of (Tract/Parcel) Map No. Assessors Tract 2 located in Section 11, Township 28 North Range 22 West, P.M.M., Flathead County, Montana (400 Three Mile Drive) entered into an agreement or agreements with said Obligee to complete the improvements specified in said agreements. NOW, THEREFORE, the condition of this obligation is such, that if the above Principal shall well and truly perform said agreement or agreements during the original term thereof or of any extension of said term that may be granted by the Obligee with or without notice to the Surety, this obligation shall be void, otherwise it shall remain in full force and effect. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the Surety is hereto affixed and attested by its duly authorized Attorney -in -Fact at San Francisco, CA, this 5th day of May, 20 06. Kalispell Bowser Creek Associates, LLC a Montana limited liability company By: VPI Inc. a CalifoTfiia corporation, its Manager Robert Isackson, President / Principal INTERNATIONAL FIDELITY INSURANCE COMPANY By / k. A. 6 ass / Attorney -in -Fact ACKNOWLEDGMENT State of California County of SAN FRANCISCO On 05/05/06 before me, VENETIA G JOHNSON, NOTARY PUBLIC (here insert name and title of the officer) personally appeared R. A. BASS personally known to me (or 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. WITNESS Signature (Seal) STATE OF CALIFORNIA COUNTY OF SAN FRANCISCO On May 8, 2006, before me, Dona Gomez, a Notary Public in and for said County and State, personally appeared Robert Isackson, personally known to me (or 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. WITNESS my hand and official seal. 7)!� of Notary (For notary seal or stamp) Commission # 1488942 Q + z Notary Public -California ..... My Son Francisco County Comm, Expires Feb 8 .t008 Tel (0"),§24-7200 1 I, HOME OFFICE: ONE NEWARK CENTER, 20TH FLOOR NEWARK, NEW JERSEY 07102-5207 KNOW ALL MEN BY THESE PRESENTS: That INTERNATIONAL FIDELITY INSURANCE COMPANY, a corporation organized and existing laws of the State of New Jersey, and having its principal office in the City of Newark, New Jersey, does hereby constitute and appoint ............................... ........... .......................... .................................... ......... ................................... .................. ....... ................................................................................... ........ ............... VENETIA & JOHNSON, KATHERINE TIBERI, R.A. BASS, JAMES B. SHEA, THERESE A. MCNULTY San Francisco, CA. ......................and ................................................................................................................................................................................................................................................................ its true lawful attomey(s)-in-fact to execute, seal and deliver for and on its behalf as surety, any and all bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof, which are or may be allowed, required or emuttea by law, stature, rule regguulation, contract or otherwise and the execution of such instrument(s) in pursuance of these presents, shall be as binding upon the said INTERNe�TIONAL FIDELITY INSURANCE COMPANY, as fully and amply, to all intents and purposes, as if the same had been duly executed and acknowledged by its regularly elected officers at its principal office. This Power of Attorney is executed, and may be revoked, pursuant to and by authority of Article 3-Section 3, of the By -Laws adoppted by the Board of Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 1974. The President or any Vice President, Executive Vice President, Secretary or Assistant Secretary, shall have power and authority (1) To appoint Attorneys -in -fact, and to authorize them to execute on behalf of the Company, and attach the Seal of the Company thereto, bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and, (2) To remove, at any time, any such attorney -in -fact and revoke the authority given. Further, this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of April, 1982 of which the following is a true excerpt: Now therefore the signatures of such officers and the seal of the Company may be affixed to any such power of attorney or any certificate relating thereto by facsimile, and any such power of. attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. O �Ty C' IN TESTIMONY WHEREOF, INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be signed and its corporate seal to be affixed by its authorized officer, this 29th day of August, A.D. 2003. ��� INTERNATIONAL FIDELITY INSURANCE CO SEAL y l 904 rr STATE OF NEW JERSEY County of Essex fIy/ Secreta On this 29th day of August 2003, before me came the individual who executed the preceding instrument, to me personallyknown and, being by me duly sworn, said the he is the therein described and authorized officer of the INTERNATIONAL FIDELITY INSURANCE COMPANY; that the seal affixed to said instrument is the Corporate Seal of said Company; that the said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. OA R Q IN TESTIMONY WHEREOF, I have hereunto set my hand affixed my Official Seal, (��• �� at the City of Newark, New Jersey the day and year first above written. CO NCTARY t_ e PUBLIC �►► '+ ,IERS� A NOTARY PUBLIC OF NEW JERSEY CERTIFICATION My Commission Expires Nov. 21, 2010 I, the undersigned officer of INTERNATIONAL FIDELITY INSURANCE COMPANY do hereby certify that I have compared the foregoing copy of the Power of Attorney and affidavit, and the copy of the Section of the By -Laws of said Company as set forth in said Power of Attorney, with the ORIGINALS ON IN THE HOME OFFICE OF SAID COMPANY, and that the same are correct transcripts thereof, and of the whole of the said originals, and that the said Power of Attomey has not been revoked and is now in full force and effect IN TESTIMONY WHEREOF, I have hereunto set my hand this 5th day of May, 2006 Assistant Secretary SUBDIVISION IMPROVEMENTS LABOR AND MATERIAL BOND Bond No. 0429006 Premium included in Performance Bond KNOW ALL MEN BY THESE PRESENTS: That we, Kalispell Bowser Creek Associates, LLC as Principal, and INTERNATIONAL FIDELITY INSURANCE COMPANY, duly authorized under the laws of the State of California to become surety on bonds and undertakings, as Surety, are held and firmly bound unto City of Kalispell, Montana as Obligee in the full and just sum of Five Hundred Forty Seven Thousand Five Hundred Four and 16/100**** Dollars, ($547,504.16) lawful money of the United States of America, for the payment whereof, said Principal and Surety bind themselves, their heirs, executors, successors, administrators and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT; whereas the above named Principal has entered into an agreement of agreements which are made a part of this bond, with the City of Kalispell, Montana as Obligee for the improvements is the subdivision designated as (Tract/Parcel) Map No. Assessors Tract 2 located in Section 11, Township 28 North Range 22 West P.M.M., Flathead County, Montana (400 Three Mile Road) , as required by the Government Code of California. NOW THEREFORE, condition of this obligation is such, that if the above Principal fails to make payment to any contractor, his subcontractors, or to persons renting equipment or furnishing labor and materials to them for the improvement required by said agreement or agreements, the Surety on this bond will pay the same, in an amount not exceeding the sum specified in this bond. This bond is executed and filed to comply with Section 66499 through and including Section 66499.10 of the Government Code of California as improvement security, and shall inure to the benefit of any and all contractors, their subcontractors and persons renting equipment or furnishing labor or materials to them for the improvement. Notice of extension of time for completion is waived by the Surety. Sealed with our seals and dated this 5th day of May , 20 06 Kalispell Bowser Creek Associates, LLC a Montana limited liability company Bv: VPI. Inc., a California"66moration, its Manager t Principal By 4- tf Robert Isackson, President International Fidelity Insurance Company -, 1 By - f R.A. BASS Attorney -in-Fact State of California County of SAN FRANCISCO On 05/05/06 before me, VENETIA G JOHNSON, NOTARY PUBLIC (here insert name and title of the officer) personally appeared R. A. BASS personally known to me (or 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. WITNESS my hand and official seal Signature (Seal) STATE OF CALIFORNIA § COUNTY OF SAN FRANCISCO § On May 8, 2006, before me, Dona Gomez, a Notary Public in and for said County and State, personally appeared Robert Isackson, personally known to me (or 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. WITNESS my hand and official seal. Signature Notary (For notary seal or stamp) D 0 N A >< PAE Commission, # ' 468942 Notary PublicCalifornia San Francisco County ` „ My Comm. Expires Fein 8. 2008 ,fiel (9 73) 624-7200 • r 1 . 1 • MA HOME OFFICE: ONE NEWARK CENTER, 20TH FLOOR NEWARK, NEW JERSEY 07102-5207 KNOW ALL MEN BY THESE PRESENTS: That INTERNATIONAL FIDELITY INSURANCE COMPANY, a corporation organized and existing laws of the State of New Jersey, and having its principal office in the City of Newark, New Jersey, does hereby constitute and appoint .................................................................................................................................................................................................................................................................................... VENETIA G: JOHNSON, KATHERINE TIBERI, R.A. BASS, JAMES B. SHEA, THERESE A. MCNULTY San Francisco, CA. .......... ........................ ................. ...................... ........................................................................... ............ .............. ...................... ............................... ............................................... ... # its true and lawful attomey(s)-in-fact to execute, seal and deliver for and on its behalf as surety, any and all bonds and undertakings, contracts of indemnity and other writings obligatory, in the nature thereof, which are or may be allowed, required or permitted by law, stature, rule regulation, contract or otherwise and the execution of such instrument(s) in pursuance of these presents, shall be as binding upon the said TIONAL FIDELITY INSURANCE COMPANY, as fully and amply, to all intents and purposes, as if the same had been duly executed and acknowledged by its regularly elected officers at its principal office. This Power of Attorney is executed, and may be revoked, pursuant to and by authority of Article 3-Section 3, of the By -Laws ado red by the Board of Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 1974. The President or any Vice President, Executive Vice President, Secretary or Assistant Secretary, shall have power and authority (1) To appoint Attorneys -in -fact, and to authorize them to execute on behalf of the Company, and attach the Seal of the Company thereto, bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and, (2) To remove, at any time, any such attomey-in-fact and revoke the authority given. Further, this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of April, 1982 of which the following is a true excerpt: Now therefore the signatures of such officers and the seal of the Company may be affixed to any such power of attorney or any certificate relating thereto by facsimile, and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. /EtiT Y /�ys. IN TESTIMONY WHEREOF, INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be signed and its corporate seal to be affixed by its authorized officer, this 29th day of August, A.D. 2003. / V SEAL INTERNATIONAL FIDELITY INSURANCE COMMANY j gp� h STATE OF NEW JERSEY County of Essex JIE y Secmta �Z On this 29th day of August 2003, before me came the individual who executed the preceding instrument, to me personallyknown, and, being by me duly sworn, said the he is the therein described and authorized officer of the INTERNATIONAL FIDELITY INSURANCE COMPANY; that the seal affixed to said instrument is the Corporate Seal of said Company; that the said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. IN TESTIMONY WHEREOF, I have hereunto set my hand affixed my Official Seal, nBL at the City of Newark, New Jersey the day and year first above written. o �. A NOTARY PUBLIC OF NEW JERSEY CERTIFICATION My Commission Expires Nov. 21, 2010 I, the undersigned officer of INTERNATIONAL FIDELITY INSURANCE COMPANY do hereby certify that I have compared the foregoing copy of the Power of Attorney and affidavit, and the copy of the Section of the By -Laws of said Company as set forth in said Power of Attorney, with the ORIGINALS ON IN THE HOME OFFICE OF SAID COMPANY, and that the same are correct transcripts thereof, and of the whole of the said originals, and that the said Power of Attorney has not been revoked and is now in full force and effect IN TESTIMONY WHEREOF, I have hereunto set my hand this 5th day of May: 2006 O Assistant Secretary 44 =E City of Kalispell Public Works Department Post Office Box 1997, Kalispell, Montana 59903-1997 - Telephone (406)758-7720, Fax (406)758-7831 MEMORANDUM January 30, 2008 To: Deb Deist, City Treasurer From: Mark Crowley, Construction Man Re: Aspen Creek subdivision Phase 1 The engineer for the developer recently requested a release of the SIA for the referenced project. An examination of the project was performed, and the Public Works Department concurs that the items have been constructed. Please return the financial security already to the developer, Kalispell Bowser Creek Associates, at the address below. Cc: TD&H Engineering 31 Three Mile Drive, Suite A Kalispell, Montana 59901 Kalispell Bowser Creek Associates, LLC 121 Spear Street, Suite 250 San Francisco, CA 94105 International Fidelity Insurance Company (Bond #CAIFSU0429006 00) Suite 208 1575 Treat Boulevard Walnut Creek, CA 94598 Planning Department F City of Kalispell Public Works Department Post Office Box 1997, Kalispell, Montana 59903-1997 - Telephone (406)758-7720, Fax (406)758-7831 I05'i0TtONIT-1 X"VA June 15, 2007 To: Deb Deist, City Treasurer From: Mark Crowley, Construction Manager ' � G� Re: Aspen Creek subdivision The engineer for the developer has requested an extension of the completion date of the SIA for the referenced project (attached). A recent examination of the project was performed, and the Public Works Department concurs that the items listed need to be constructed and the dates are reasonable. Various completion dates are proposed for individual items, with all work being completed by August 15, 2007). Any work not completed by the proposed dates may be cause for the security to be seized. The developer has provided financial security already in the file. Cc: TD&H Engineering 31 Three Mile Drive, Suite A Kalispell, Montana 59901 LHC, Inc P. O. Box 7338 Kalispell, MT 59904-7338 Kalispell Bowser Creek Associates, LLC 121 Spear Street, Suite 250 San Francisco, CA 94105 International Fidelity Insurance Company Suite 208 1575 Treat Boulevard Walnut Creek, CA 94598 Planning Department JUN-01-2007 FRI 10:07 AM P.001/001 W lied Water CONSULTING LLC P.O. Box 7667 • Kalispell, Montana 59904 • Tel: 406 756-2550 aapplied@centurytel.net - Fax: 406 756-0527 June 1, 2007 Mr. James Patrick City Manager City of Kalispell PO Box 1997 Kalispell, MT 59901-1997 .Re. Aspen Creek Subdivision —A WC Project No.190-06 Dear Jim: Per your recor=en,dation we are hereby requesting an extension of the expiration date of the Subdivision Improvements Agreement (SIA) for Aspen, Creek Subdivision Phase .1 _ Our understanding of the outstanding items and anticipated completion dates are as follows: Item: Road Extension to Southeast Bike Path Park Area Improvements Gutter Cleanup Lift Station Cleanup To be .Completed: August 15, 2007 July 31, 2007 July 31, 2007 June 15, 2007 June 15, 2007 Please extend the SIA, expiration to August 15, 2007. If you have any questions regarding this information or I can be of furthest assistance, please do not hesitate to contact me at your convenience. Thank you for your consideration of this submittal. Sincerely, Applied Water Consulting LLC William Boger, P.E. Cc: Mark Sanchez D•11 on nl: A-- r—.L, n.,ma i M H— DnlrinL CIA io.+—i— H— --City f Kalispell Public Works Department Post Office Box 1997, Kalispell, Montana 59903-1997 - Telephone (406)758-7720, Fax (406)758-7831 MEMORANDUM November 15, 2006 To: Deb Deist, Treasurer From: Frank Castles, P.E., Deputy Public Works Director/Assistant City Engineer RE: Aspen Creek Subdivision Attached is a request on behalf of the developer to reduce the amount of the subdivision improvement financial security to $44,180.23. An examination of the referenced project was performed recently. We concur that the items remaining to be constructed are as they appear in EXHIBIT B (dated 11/14/06). In addition, the developer is requesting an extension of the Subdivsion Improvement Agreement expiration date of June 1, 2007. We concur with his request for an extension of the expiration date of the Subdivision Improvement Agreement. The developer has existing financial security on file to cover the amount of the required amount. Cc w/o attachments: �,,,t Bill Boger, P.E. Applied Water Consulting LLC P.O. Box 7667 r Kalispell, Montana 59904` Mark Sanchez' Kalispell Bowser Creek Associates, LLC -' 121 Spear Street, Suite 250 San Francisco, California 94105 I' VkOpDipfied Water CONSULTING LLC P.O. Box 7667 • Kalispell, Montana 59904 • Tel: 406 756-2550 aapplied@centurytel.net • Fax: 406 756-0527 November 14, 2006 Mr. Frank Castles City of Kalispell Public Works Department PO Box 1997 Kalispell, MT 59901-1997 Re: Aspen Creek Subdivision — A WC Project No. 190-06 Dear Frank: Attached, per your request, is a revised Exhibit B of the SIA for Aspen Creek Phase 1. The revised exhibit reflects the completion of all elements of construction except the Bicycle/Pedestrian Path and work in the Recreation Area. The work must be postponed on the asphalt path due to the weather. Please extend the SIA expiration to June 1, 2007 to allow for the paving and subsequent cleanup to take place in the Spring of 2007 after the ground has thawed. Additionally, we are requesting acceptance by the City for the items completed. If you have any questions regarding this information or I can be of further assistance, please do not hesitate to contact me at your convenience. Thank you for your consideration of this submittal. Sincerely, Applied Water Consulting LLC William Boger, P. . Attachment: Revised Exhibit B Cc: Mark Sanchez P:\190-06 Aspen Creek Subdivision\Word\Correspondence - Out\11.14.06 Castles SIA extension.doc Conditions of approval as fixed to the preliminary plat by the City Council, Kalispell, Montana. This agreement specifically includes the following improvements, their projected construction completion date and estimated construction costs. CHECK CONSTRUCTION ESTIMATED PERCENTAGE APPROPRIATE COMPLETION CONSTRUCTION COMPLETE IMPROVEMENTS DATE COSTS Street Grading/Paving X Complete $166,775.97 100% Street Base X Complete $54,308.85 100% Sidewalks X Complete $75,887.50 100% Curbs and Gutters X Complete $80,730.00 100% Sanitary Sewers Mains X Complete $268,850.00 100% Other (Lift Station) X Complete $243,235.00 100% On -Site Sewage Facilities N/A Water Systems Mains X Complete $252,550.00 100% Other O N/A On -Site Water Supply N/A Water Storage Tanks N/A Fire Hydrants X Complete $26,369.00 100% Storm Sewer or Drainage Facilities X Complete $86,550.00 100% Street Signs X May-07 $4,310.00 0% CONTRACT Street Lighting X WITH FEC PAID TO FEC Street Monuments N/A Survey Monument Boxes N/A Landscaping/Boulevard trees X Complete $54,410.00 100% Other (Trails/Park) X May-07 $31,034.18 0% SUBTOTAL $35,344.18 0�''�N FEES $0.00 LIA TOTALS COSTS $35,344.18 TOTAL COLLATERAL (TOTALS COSTS X 125%) $44,180.23 Ni4 �Ssoo� % P:\190-06 Aspen Creek Subdivision\Word\SIA\SUBDIVISION IMPROVEMENT AGREEMENT -revised 11-14-06.doc