Cash in Lieu of ParksDate..: 8/01/2006 Bank G/L#: 731.20
Pay to: CITY OF KALISPELL
Location. 02 Amount. 13,100.00
Teller Number: LS Account Number: 797050-000
G/L Account..: 901.00 Description. REGULAR SHARES
DATE
8/1/2006
I@ v
FUND ACCOUNT
FUND NUMBER DESCRIPTION TOTALS
2210-000-346080-000 Cottonwood - 40 trees & $1,500 cash in lieu $13,100.00_
$13,100.00
- - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - -
y of Ka
Parks and Recreation
Andy Silvers
P O Box 5181
Kalispell MT 59903
35 1 s` Ave East — P O Box 1997 — Kalispell MT 59903-1997
Phone: (406) 758-7718 Fax: (406) 758-7719
Email: parknrec@kalispell.com
Re: Cottonwood Park Landscaping and Parks Requirements
Dear Mr. Silvers:
Thanks for stopping into my office to discuss your project status. Per our discussion regarding
the required landscaping, you have met the landscaping requirements by submitting a check in
the amount of $13,100, to cover the cost of planting the required 40 boulevard trees ($11,600)
and a $1,500 cash park -in -lieu payment which will be dedicated to the remaining park
improvements, per our prior discussions.
Thank you for your cooperation and consideration for developing a quality subdivision project. If
you have any questions or concerns, please give me a call.
Y
tllk
r, ire or Zn
Kalispell Parks and Recr a
Cc: Tom Jentz, Kalispell Planning
Deb Deist, Finance
Mark Crowley, Construction Manager
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Rivers
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Current Tg=
Letter of Credit No. 091605A
Dated: 09/16/05
cpiration Date: 09130/06
Amount: $111,640.00
?dispel! City Council
City of Kalispell
P.O. Box 1997
Kalispell, Nit, 59903
Three RI-vers Ban. of Montana it a puce whcrc: you _an still e.now
7
ya:1. Dan:er, pet personalized attention anti uict ar,twera; ec:tus
were independently own.ea am 10"lly operated.
Revised Terms
Letter of Credit No. 091605A
Dated: 10/ 12/05
Expiration Date: 09/30/06
Amount: $43,113.00
We hereby modify the above referenced irrevocable letter of credit up to an aggregate amount of Fort}, -
three thousand one hundred thirteen and no/100 dollars (t43,113.00) at the request of Andy H. Slivers &
Trida L. Silvers,
If, Andy H. Silvers & Tricia L Silvers should fail to complete the specified improvements, in the
Cottonwood Park 5ubdhAslon within the time period set forth in the attached Improvements Agreement,
we will pay on demand your draft or drafts for such funds, to the limit of credit set forth herein, as are
required to complete said improvements. All drafts must indicate the number and date of this letter of
credit and be accompanied by a signed statement of an authorized official that the amount is draven to
install improvements not installed in conformance with the Improvements Agreement and specifying the
default or defect in question,.
All drafts must be presenteAc prier to the expiration date stated above, and this letter of credit Tust
accompany the final draft for payment.
This letter may not be withdrawn or reduced in any amount prior to !ts expiration date except uy your draft
or written release.
THREE RIVERS BANK OF MONTANA
ohn R. Mng, d 1 CEO
I, Ronald W. Sears, cerbf�/ that I a►n the Consumer Loan, Mang of Three Rivers Bank of Mortara; and
that John R, Klrx�, who signed this Letter or Credit on behalf of said Corporation, was then Pre-sid&it' of the
said Corporation by authority of its governing body and is within the scope of its Corporate Rowers.
�Jy-�Vt x-'�ivC�L C
Ponaid W, Sears, Cl_M
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.-'i+<11 Fax ^V -rf1 97_ 7{}`._
552 �. Mcr;li¢n=i�oaci �a�,3:ui1• ,\!T 5g901 i(}:)-��{_j-1,,�2 !14C 2 ..-i}?'_
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ENGINEERS ESTIMATE OF CONSTRUCTION PROGRESS
Cottonwood Park Subdivision Date 9/15/05
Flathead County, Montana Revised 10/4/05
City of Kalispell, Montana
Exhibit A
ITEM
EST. TOTAL
COST
% COMP
REMAIN
1. Roads
a. Exc and Grade to Subbase
$
57,000
100%
$
b. Base, Crush Rock
$
31,500
100%
$
-
c. Paving
$
42,336
100%
$
d. Site Concrete/Lights and
Bases
$
21,000
100%
$
-
e. Curbs/Gutters
$
33,000
100%
$
_
f. Sidewalks
$
42,600
100%
$
_
2. Bike Path
a. Base & Cushion
$
4,295
100%
$
b. Paving
$
10,192
100%
$
3. Sewer
a. Manholes & 8" Sewer
S
51,200
100%
$
_
b. Services
$
17,550
100%
$
-
c. Lift Station & F.M.
$
72,000
100%
$
4. Water
a. 8" Water Mains
S
38,480
100%
S
-
b. 8" Valves
$
8,800
100%
$
_
C. 6" Hydrants w/Valves
$
15,000
100%
S
_
d. Services
$
19,500
10001%
$
_
5. Storm Water
a. 8" Mains
$
6.200
100%
S
_
b. Catch Basins
$
4,500
100%
S
_
c. Manholes & Separators
$
13,200
100%
S
_
d. Retention Basins
6. Postal Service
a. Mailboxes & Mounting$
2,500
100%
$
7. Si na e
a. Street Si ns
$
2,400M-
Si ns
$
1,6008.
Wndsca ea.
Trees
$
14,490b.
Seed & To soil
S
8,7009.
Utilities
a.Traffic
Electric
$
32,402
100%
$
_
b. Gas
$
9,306
100%
$
_
c. Telephone
$
9,707
100%
$
_
d. Cable
$
_
e. Trench, Conduit &Vaults
$
29,60010.
Park Im rovements
$
20,000Subtotal
$
619,058Based
W-%I.$
on Combined Total: Remainin
to Com lete
Exhibit B Based on Combined Total:Security Amount Required x 1.25 $ 43,113
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