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SIA (Recorded)U) Q) Return to: Theresa White Kalispell City Clerk P.O. Box 1997 Kalispell, MT 59903 II III I I'I II )I' I) 111111111111111 I"III I' 111111111111111111111111 II'III ('I Page: I of5272 Page: of 5 Fees: $55.00 Paula Robinson, Flathead County MT by NC 5/29/2009 4:05 PM THIS AGREEMENT, made and entered into this day of , 20 6� , by and between the CITY COUNCIL, CITY OF KALISPELL, MONTANA, Partyof the First Part and hereinafter referred to as the CITY, and CORNERSTONE COMMUNITY CHU -Name of Developer),a CHURCH (Individual, Company or Corporation) located at 1970 HWY. 93 NORTH KALISPELL FLATHEAD COUNTY MONTANA 59901, (Street Address/P. O. Box) (City, County, State, Zip) Party of the Second Part and hereinafter referred to as DEVELOPER. WITNESSETH: the Developer is the located at 1970 HWY. 93 NORTH KALSIPELL and, and developer of a new subdivision known as (Name of Subdivision) of Subdivision) WHEREAS, t 0-a Co", s conditioned it's approval of the final plat of CORNERSTONE IItTCH SU DIVISION (Name of Subdivision), upon the conditions as set forth in the Waiver of 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 $88,346.60. NOW THEREFORE, in consideration of the approval of the final plat of said Subdivision by the City, the Developer hereby agrees as follows: IIIIIIII�IIIIIII�IIII�"IIII�IIII'IIII�II�'IIII��I�III�II�III'IIIIIII�I'II�IIIIIIIII�IIIII P20090001. age: 2 of 52i2 Fees:$55.00 Paula Robinson, Flathead County MT by NC 5/29/2009 4:05 PM 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 $ 110,433.25 . 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 $ 110,433.25 the estimated cost of completing the required improvements in CORNERSTONE HURCH SUBDIVISION. (Name of Subdivision) GrOMU-cl't-''( 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 September 16, 2010. 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. Page Fees: $55.00 Paula Robinson, Flathead County MT by NC 5/29/2009 4:05 PM 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. (Name i. di-v-ision/Developer/Firm) by d - (Title) STATE OF MONTANA COUNTY OF _FLATHEAD On this day of , 20 , before me, a Notary Public for the State of Montana, personally appeared § L , known to me to be the %— of CMVA44, 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. � ct4ttY�zlpttfFr���i Notary Public fort State of Montana a# Printed Name t , 7?� r' Residing at fit. My Commission Expires it t ' ' �`f(i MAYOR, CITY OF KALISPELL ATTEST: , E- AYOR CffY CLERK 9 COR�t�1.���1(�j)2T{ (��- Vomit J•i � " rI (� S e 0l'L EXHIBIT A ~ ��®�s���*` "" II'IIIII II II I III IIIIIIIIII IIIII IIIIIIIIII'IIIIIIIII IIIII IIIII III�IIIIII IIII II I III IIII IIII Page: 4 of 52i2 Fees:$55.00 Paula Robinson, Flathead County MT by NC 5/29/2009 4:05 PM Conditions of approval of Waiver of Preliminary Plat by City Planning, Kalispell, Montana. EXHIBIT B 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 Entrance Grading/Paving X SEPT. 16.2010 $2,904 Entrance 3" minus X SEPT. 16, 2010 $160 Entrance 1/4" minus X SEPT. 16, 2010 $180 Curbs and Gutters X SEPT. 16, 2010 $6,400 Sidewalks X SEPT. 16, 2010 $10,125 Curbs X SEPT. 16, 2010 $13,525 On -Site Sewage Facilities Water Systems Mains Other ( ) On -Site Water Supply Water Storage Tanks Fire Hydrants Storm Sewer or Drainage Facilities Relocate Signs X SEPT. 16, 2010 $500 Traffic Control X SEPT. 16, 2010 $1,000 Boulevard Trees X SEPT. 16, 2010 $2,000 Street Monuments Survey Monument Boxes Landscaping (Sod) X SEPT. 16, 2010 $42,228 Other (Mobilization, ect.) X SEPT. 16, 2010 $3,160.88 SUBTOTAL $82,182.88 FEES $6,163.72 TOTALS COSTS $88.346.60 TOTAL COLLATERAL (TOTALS COSTS X 125%) $110,433.25 ENGINEER'S ESTIMATE OF CONSTRUCTION COSTS CORNERSTONE CHURCH PUD KALISPELL, MONTANA CHURCH ITEM NO. QUANTITY UNITS DESCRIPTION Engineer's Estimate Unit Price (Figures) Total Price (Figures) PARKING LOT, WATER, SANITARY SEWER, AND STORM SEWER IMPROVEMENTS 1 4 CU YD 9" Thick - 3" Minus Pit Run Gravel $20.00 $80.00 2 3 CU YD 6" Thick - 314" Minus Crushed Base Course $30.00 $90.00 3 121 SQ YD 3" Asphalt Concrete $12.00 $1,452.00 4 1 LS Traffic Control $500.00 $500.00 5 1,790 SQ. FT Sod and Topsoil $6.00 $10,740.00 6 3 LS Boulevard Trees $250.00 $750.00 7 128 LF Concrete Curb & Gutter $25.00 $3,200.00 8 219 LF Concrete Curb $25.00 $5,475.00 9 0 EACH Relocate Signage $500.00 $0.00 10 80 SQ YD Sidewalk w/Base Gravel $45.00 $3,600.00 11 1 LS 1 Mobilization (Not to exceed 4% of total base bid) $1,035.48 $1,035.48 SUB -TOTAL CONSTRUCTION $26,922.48 Construction Inspection & Engineer Certification 7.5% $2,019.19 TOTAL ESTIMATE $28,941.67 TOTAL ESTIMATE PLUS 25% $36,177.08 BANK ITEM NO. QUANTITY UNITS DESCRIPTION Engineer's Estimate Unit Price (Figures) Total Price (Figures) PARKING LOT, WATER, SANITARY SEWER, AND STORM SEWER IMPROVEMENTS 1 4 CU YD 9" Thick - 3" Minus Pit Run Gravel $20.00 $80.00 2 3 CU YD 6" Thick - 3/4" Minus Crushed Base Course $30.00 $90.00 3 121 SQ YD 3" Asphalt Concrete $12.00 $1,452.60 4 1 LS Traffic Control $500.00 $500.00 5 5,248 SQ. FT Sod $6.00 $31,488.00 6 5 LS Boulevard Trees $250.00 $1,250.60 7 128 LF Concrete Curb & Gutter $25.00 $3,200.00 8 322 LF Concrete Curb $25.00 $8,050.00 9 1 EACH Relocate Signage $500.00 $500.00 10 145 SQ YD Sidewalk w/Base Gravel $45.00 $6,525.00 11 1 1 LS I Mobilization (Not to exceed 4% of total base bid) $2,125.40 $2,125.40 SUB -TOTAL CONSTRUCTION $55,260.40 Construction Ins ection & Engineer Certification 7.5% $4,144.53 TOTAL ESTIMATE $59,404.93 TOTAL ESTIMATE PLUS 25% $74,256.16 SUB -TOTAL ALL CONSTRUCTION $82,182.88 Construction Inspection & Engineer Certification 7.5% m + $6,163.72 TOTAL ESTIMATE ®w $88,346.60 TOTAL ESTIMATE PLUS 25% $110,433.25 THOMAS AS ENGI R OF RECORD F R THE RNER E CHUICH P,j20JE€TY TMAT TF ABOVE COST ESTIMATE REPRESENTS REASONABLE COSTS FOR IMPK ECE Y PE D IN THE, KALVSPELL AREA. � s 9 ® <6 No. 1796 4 Thomas M. Weller 17963 P.E. /CE(�?C�e February 20, 2009 • �' . - III IIII I I I IIII III I II I I I II II II II IIII II I II I II (III II I 1111111 III200900015 Page: 5 of 5272 Fees:$55.00 Paula Robinson, Flathead County MT by NC 5/29/2009 4:05 PM THOMAS, DEAN HOSKINS, INC. 212012009