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SIA/Phase 1NORTHWEST HEALTHCARE CORPORATION/BUFFALO COMMONS PHASE 1 SUBDIVISION IMPROVEMENT AGREEMENT THIS AGREEMENT, made and entered into this day of 1998, by and between the City of Kalispell, Montana, Flathead County, Montana, (hereinafter CITY) and Northwest Healthcare Corporation, a Montana corporation (hereinafter NORTHWEST) : W I T N E S S E T H: WHEREAS, NORTHWEST is the owner of certain platted subdivision land located within the CITY known as Buffalo Commons, Phase 1, in Government Lots 5 & 8, Section 6, T28N, R21W P.M.M. and Southeast Quarter of the Northeast Quarter, Section 1, T28N, R22W, P.M.M., Flathead County, Montana, and WHEREAS, CITY has conditioned approval of a final plat application for Buffalo Commons, Phase 1 upon the completion of certain items as set forth in the Preliminary Plat approval of said Subdivisions and certain improvements, as cited in "Exhibit AN having not been completed as of the date of this Agreement, and WHEREAS, NORTHWEST desires to bond for the completion of said improvements, and WHEREAS, the CITY's Subdivision Regulations require that a subdivider shall provide financial security in the amount of 125% of the estimated total cost of construction of said improvements as evidenced by an estimate prepared by Alpine Nursery as set forth in "Exhibit A," and WHEREAS, the estimated total cost of construction of said improvements is the sum of Seventy Two Thousand, Eighty Eight Dollars ($72,088.00). NOW THEREFORE, in consideration of the approval of the final plat of said Subdivision by the CITY, NORTHWEST hereby agrees as follows: is\wp\subagree2.wpd Page 1 of 5 1. NORTHWEST shall deposit a Certificate of Deposit, issued by First Interstate Bank, Kalispell, in the amount of Ninety Thousand, One Hundred and Ten Dollars ($90,110.00) in the name of Northwest Healthcare and the City of Kalispell. Said Certificate of Deposit shall be held by First Interstate Bank, subject to the provisions of this Agreement. 2. Said Certificate of Deposit shall guarantee funds in the sum of Ninety Thousand, One Hundred and Ten Dollars ($90,110.00), said sum being 125% of the estimated cost of completing the required improvements in Buffalo Commons Phase 1, as described in "Exhibit A." 3. The initial term of the Certificate of Deposit shall be for a term of not less than six (6) months and said Certificate shall be renewed periodically during the term of this Agreement and shall not expire prior to sixty (60) days following the date set for completion of the improvements specified in "Exhibit A," unless terminated sooner at the direction of the City. 4. The completion date for all improvements listed in "Exhibit A" shall be August 31, 1998. 5. In the event NORTHWEST does not complete the improvements listed in "Exhibit A" by the completion date, plus any extension granted, in writing by the CITY, First Interstate Bank, upon demand of the CITY, shall deliver unto the CITY the proceeds of said Certificate of Deposit, and the CITY shall utilize the proceeds of said Certificate of Deposit to complete the work that remains to be done and upon completion return any surplus funds to NORTHWEST. 6. The City shall inspect and approve the installation of all the improvements set forth in "Exhibit A," and shall upon completion, release Certificate of Deposit to NORTHWEST, and release NORTHWEST from this Subdivision Improvement Agreement. i:\wp\subagree2.wpd Page 2 of 5 7. The City will be afforded a reasonable opportunity to inspect work before it is covered or concealed by other work as to its agents and employees, request an opportunity to inspect. In instances where the City requests an opportunity to inspect particular items of work, or testing procedures for any work, notice of the time when said work will be available for inspection or when such testing will occur will be given to the requesting official by telephone at least twenty-four (24) hours in advance of such time. It shall be the responsibility of the representative of the CITY to be present at the noticed time or to waive the right to inspect the work. 8. NORTHWEST does warrant to the CITY the design, construction materials, and workmanship of the improvements against any failure or defect in design, construction material or work shown on "Exhibit A," attached hereto and thereby made a part hereof, which is discovered within one (1) year of date of the notification to the CITY of the substantial completion of such work or any portion them -eon. The obligation of NORTHWEST under this warranty shall be limited to the repair or replacement of the defective work or material plus the restoration of any area or improvement disturbed during the course of repair or replacement of defective work or material. The CITY shall have the right to contract for such work to be performed at the expense of NORTHWEST and NORTHWEST agrees to pay the cost thereof on demand. 9. If the CITY determines that any improvements are not constructed in compliance with the specifications, it shall furnish NORTHWEST with a list of specific deficiencies and may demand surrender of the Certificate of Deposit to ensure proper completion. If CITY determines that NORTHWEST will not construct any or all improvements to required specifications, or within the time limits, it may demand surrender of the Certificate of Deposit and use the proceeds to construct the improvements and correct the deficiencies to meet specifications. Unused portions of the funds shall be returned to NORTHWEST. i:\wp\subagree2.wpd Page 3 of 5 10. All interest accruing on said Certificate of Deposit during the term of this Subdivision Improvement Agreement shall inure to the benefit of NORTHWEST. Dated this 47�6 day of February, 1998 Northwest Healthcare Corporation, a Montana Corporation By: Its: Attest: M "Z CITY OF ISPELL By its: Attest: b-7 vcp(d Debbie Git]'140, CMC/AAE Clerk of 'Council i:\wp\subagree2.wpd Page 4 of 5 STATE OF MONTAbg County of Flathead On this day Notary Public in and foi Tom Laux ,known to me Healthcare Corporation, subscribed, sealed and voluntary act of said therein set forth, and same on behalf of said ss } o� 1998 before me a the State of ontana, personally appeared to be the CEO/President of Northwest and acknowledged that said CEO/President delivered said instrument as the free and corporation, for the uses and purposes that he was duly authorized to execute the corporation. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal, the day and year Est above written. ss County of Flathead ) On this day of Notary Public in and for the Clarence W. Krepps, known to of Kalispell, a municipality, and acknowledged that such delivered said instrument a; municipality, for the uses as he was duly authorized to municipality. Vtary Public, , State of Montana esiding at Kalispell, Montana My Commission expires i Fe-bV6QL YL- 4 , 1998, before me, a State of Montana, personally appeared me to be the City Manager of the City that executed the within instrument, City Manager subscribed, sealed and the free and voluntary act of said d purposes therein set forth, and that execute the same on behalf of said IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal, the day and year first above written. L�JA�- ��Uo—j 4 (PW-- Notary Publ' tare of Montana Residing at Kalispell, Montana My Commission expires rl -f is\wp\subagree2.wpd Page 5 of 5 EXHIBIT 'aAff " . . . . . . . . . . . . . . . . ALmma Nuosaw, Wo. 1 0" lwumwLx Cmm MGM ESTIMATE KW-UW4ft-U, ~M" BurrALo - commoms PHAsa I AREA 2 Ss IRRIGATION sysTam ■ HUNWR 1-20 1.5 HARMIE VALVES HARDIE RAIN DIAL TIMER immcmnow sysyxm TCYrAL III -LET Tmis E"mA-m Appums ONLY To THE joe oescmaim Asova. Tmis rzrm^?z Does Nor INCLUEM ADDMOKAL MATERIALS Oft LABOR THAT MAY IBE ]REQUIF&D 01.111 TO ANY UNFORIM"m PROBLEMS T14Alr Amse oNce THE Joe HAS arcium. THIS PROPOSAL, COMIM WM4 A FULL GUARANTM PARTS AND LABOR FOR EVERYTHING UNLESS OTHERWISE EXCEEDED. BY THE mAmuorAcTuFtF-R. ANY cHAmcws To THE oesiow OR wonK PRoposeD musT sE APPRovm By MOTH FMA"ES AND SIGNED VIA A C+t"OE OA:0ZR BEFORE MY WORK WILL p"=Fwn. rivowaRm Page 2 ESTIMATE , _ , 76*-0732 lRRjoAnoNs,- •, 1.5 s Kv"e MAIN DIAL TIMER �. witownom sysyEm TorAL i Ion I .r" ♦ • 2 tL%O ` ONLY • TmE x,_ DESCRIBED s.. ._ ssti INCLUDE ADOMONAL MAMRIALS Oft LABOR THAT MAY BE REQUIRED WE TO ANY UNFORESEEN PROOLEMS THAT ARISFEONCE THE �015 BEGUN. ice'.PROPOSAL ,.....:• y COMES MANUFACTURER. ANY CK^NGKS TO THE DESIGN Oft WORK PROPOSW MUST BE APPROV90 By BOTH PAMIES AND SIGNED VIA A CIlAWW- ORDER SEFORE ANY WORK WILL PROCIr . Page 3 ;3 :_ i�... •; s • ;ki , 1721 67-MIZI• 0 �,.