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SIA (Recorded)age; 1 of P5 Page: 1 of 5 Fees:$55.00 Paula Robinson, Flathead County MT by NC 10/2/2008 8:06 AM Return to: Theresa White Kalispell City Clerk 201 1st Avenue East Kalispell, MT 59901 APPENDIX SUBDIVISION IMPROVEMENT 4-GREEUE,VT THIS AGREEMENT, made and entered into this between the CITY COUNCIL, CITY OF KALISPELL, hereinar referred to as ' t Developer) a —day of t0vsf , 20 0 , by and MONTANA, Party of First Part and the CITY, and , (Name of (Individual, Compa or Corporation) located at Lid ' " a.1 e- c, t � e.! 1 % "� �t t (Street Address/P. O. Box) (City, County, State, Zip) Party of the Second Part and hereinafter referred to as DEVELOPER. TNESSETH: THAT WHEREAS,�he Developer is the owner and developer of a new subdivision known as Eq5+Tier, j 'n��ies (Name of Subdivision) f _ located at a� �es— (Location of Subdivision) and, WH REAS, the Cit has conditioned it's approval of the final plat of 4 %+s i t C eta 5 e , upon the conditions as set forth (Name of Subdivision) in the 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 NOW THEREFORE, in consideration of the approval of the final plat of said Subdivision by the City, III I I N Page: 2 of 5 43 Fees: $55.00 Paula Robinson, Flathead County MT by NC 10/2/2008 8:06 AM the Developer hereby agrees as follows: 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 $ /(, 1o6' 'z . Said Letter of Credit or other collateral shall have an expiration date o 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 $ %� , i G� �' the estimated cost of completing the required improvements in s4 5 t d (Name of Subdivision) 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 Ta'1 / 5�- , 20 0? 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. IT IS ALSO AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS, TO -WIT: 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 I III � II III II I III II�IIII II I I� II II I �III� III II��II�II I� I�I I I I I II I III Page: 3 of 5 43 Fees:$55.00 Paula Robinson, Flathead County MT by NC 10/2/2008 8:06 AM 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. Liman San (Name of Subdivision/Developer/Firm) by a4l�L —`iP nL4A).�4r 0r (Title) • • mR Ir On this day, of /%4 t I of Montana, personally appeared the foregoing instrument and acknowledged to me that 20 d , before me, a Notary Public for the State known to me to be the whose name is subscribed to 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 forts e StMe of Montana Printed Name rr 1 l Residing at My Commission Expires —12 -` CA MAYOR, CITY OF KALISPELL YOR ATTEST: CITY CLERK II IIII II I II I II I I II I II II I III I I 1111111111111111111 IN Page: 4 of 5 Page: 4 of 5 Fees:$55.00 Paula Robinson, Flathead County MT by NC 10/2/2008 8:06 AM J M MORGAN CONSTRUCTION 454 1st Avenue West North Kalispell MT 59901 Phone: 249-6012 6/10/2008 Dan Sandler 326 13`b Street East Kalispell, MT Estimate #: s6102008ds-1 Order Date: June, 2008 Address of Property: 326 13'h Street East Kalispell, MT Estimate as of 6/10/2008 260 z 5 ' of City Sidewalks as per plans dictate $ 3,200.00 160' of City Street Curbing $ 2,200.00 Storm drain Installation $ 2,200.00 Paving of 13 Street sewer and storm drain connection where paving removed $ 1,000.00 Paving of Alley way from 13 Street East to end of property (326 13 Street East) $ 3, 400.00 Total of Estimate: $12, 000. 00 Terms: Payable upon Receipt Please Make Check Payable To: Jason Morgan or J. M. Morgan Construction 454 1st Avenue West North Kalispell, MT 59901 Thank You; We Appreciate Your Business... Sincerely, Jason Morgan Owner IIII III I IIII III I II III III �� I II IIII IIIIII III I I II III III Page: 5 of 5443 Fees:$55.00 Paula Robinson, Flathead County MT by NC 10/2/2008 8:06 AM EXHIBIT A Conditions of approval as fixed to the preliminary plat by the City Council, 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 Street Grading/Paving 1,, l _ ( - Z v0? I gvoo 6 (c Street Base Sidewalks Curbs and Gutters Sanitary Sewers Mains Other ( ) On -Site Sewage Facilities Water Systems Mains Other ( ) On -Site Water Supply Water Storage Tanks Fire Hydrants Storm Sewer or Drainage Facilities Street Signs Street Lighting Street Monuments Survey Monument Boxes IV z -z- Landscaping/Boulevard trees &I - 3 0 ` Zvu � 9 6� S5_ 0 of 0 Other ( ) SUBTOTAL 1 'Z m UO FEES TOTALS COSTS J Z S= the TOTAL COLLATERAL (TOTALS COSTS X 125%) 1 /Q�,, 1.