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SIA Phase 1-12005046 1 APPENDIX E P f .; . THIS AGREEMENT, made and entered into this 3 day of January , 20 05, by and between the CITY COUNCIL, CITY OF KALISPELL, MONTANA, Party of the First Part and hereinafter referred to as the CITY, and BRIDGELAND DEVELOPMENT LLP. , (Name of Developer) a LIMITED LIABILITY PARTNERSHIP , (Individual, Company or Corporation) located at 622 ST. ANDREWS DRIVE, COLUMBIA FALLS, MT. 59912 , (Street Address/P. O. Box) (City, County, State, Zip) Parry of the Second Part and hereinafter referred to as DEVELOPER. 1,�Y9�1111Ca THAT WHEREAS, the Developer is the owner and developer of a new subdivision known as NORTHLAND SUBDIVISION, PHASE 1-1 , (Name of Subdivision) located at ASSESSOR'S TRACT 1CA, LOCATED IN SECTION 1, TOWNSHIP 28, RANGE 22 WEST, P.M.M., FLATEHEAD COUNTY, MONTANA. (Location of Subdivision) and, WHEREAS, the City has conditioned it's approval of the final plat of NORTHLAND SUBDIVISION, PHASE 1-1 , 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 A"; and WHEREAS, the estimated total cost of construction of said improvements is the sum of $ 630 316.57 NOW THEREFORE, in consideration of the approval of the final plat of said Subdivision by the City, 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 $ 214 736.63 . 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: Northland Subdivision, Phase 1-1 Subdivision Improvement Agreement Page 1 of 1 a. That the creditor guarantees funds in the sum of $ 214,736.63 , the estimated cost of completing the required improvements in NORTHLAND SUBDIVISION, PHASE 1-1 (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 JULY , 20 05 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 one (1) year 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. Northland Subdivision, Phase 1-1 Subdivision Improvement Agreement Page 2 of 2 ifl 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. NORTHLAND SUBDIVISION / BRIDGELAND DEVELOPMENT, LLP (Name of Subdivision/Developer/Firm) by STATE OF MONTANA COUNTY OF r (Title) On this Q t day of � m �� , 20 o `� , before me, a Notary Public for the State of Montana, personally appeared gill CjA//-.s , known to me to be the � A ° of -. 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 ty and year first above written. Spt J! 1 i1 f C-i • • #ycfor the State of Montana 1Vry`C" mission Expires � M , CITY OF KALISPELL YOR ATTEST: CITY CLERK Northland Subdivision, Phase 1-1 Subdivision Improvement Agreement Page 3 of 3 LEGAL DESCR.IPT.ION— NORTHLAND Planned Unit Development That portion of land in the Northwest Quarter of Section 1, Township 28 North. Range 22 West, Principal Meridian Montana, Flathead County, described as follows: BEGINNING at the Center Quarter section comer of said Section 1, Township 28 North, Range 22 West; thence along the southerly boundary of said Northwest Quarter the following two courses: North 89° 22' 01" West 1316.61 feet and North 89- 18' 39" West 1.287.45 feet, to the easterly right of way of Stillwater Road, a 60.00-foot county road as described in Book 345, Page 247, records of Flathead County, Montana; thence along said easterly right of way of said Stillwater Road, North 0° 38'33" East 92.22 feet to the southwesterly corner of Tract 2 of Certificate of Survey Number 3593 records of the Flathead County, Montana; theme along the southerly and easterly boundaries of said Tract 2 the following two courses: South 89' 49' 56" East 432.76 feet and North 01 39' 26" East 878.57 feet to the northeasterly corner thereof and to the southerly boundary of that parcel of land shown on Deed Exhibit Book 501, Page 162 records of Flathead County, Montana; thence along the southerly and easterly boundaries of said parcel of said Deed Exhibit Book 501, page 162, South 89' 49' 50" East 1143.61 feet and North 00 38' 30" East 880.25 feet to the southwesterly comer of Tract 2 of Certificate of Survey Number 13923 records of Flathead County, Montana; thence along the southerly and easterly boundaries of said Tract 2 on said Certificate of Survey 13923 the following three courses: South 89' 50' 13" East 833.17 feet and South 0°49'48" West 736.78 feet and South 890 457 35" East 200.24 feet to the easterly boundary of said Northwest Quarter of Section 1; thence along the easterly boundary of said Northwest Quarter, South 0'48' 55" West 1136.5 feet to the Point ofBeginning containing 67.49 acres of land, more or less. as shown on this plat which is herewith incorporated in and made part of this legal description - SUBJECT to a Right of'YVay Easement as set forth in an instrument recorded July 31, 1987 in Reception Number 87-231-I 1450 records o.fFlaihead County, Montana EXHIBIT "A" CERTIFICATION OF WORK TO BE COMPLETED NORTHLAND SUBDIVISION, PHASE 1-1 SUBDIVISION ROADS & OVERLOT GRADE COMPLETED TO DATE January 3, 2005 Item No. Description Unit Measure Estimated Quantity Unit Price Total Price QUANTITY COMPLETED TOTAL COST COMPLETED 101 Excavation / Subgrade Prep C.Y. 62,000 $ 2.22 $ 115 440.00 48,000 $106 560.00 102 Stabilization Fabric S.Y. 4,950 $ 1.00 $ 4,950.00 3,986 $3 986.00 103 Select Subbase C.Y. 1,238 $ 12.50 $ 15 475.00 897 $11 212.50 104 3/4" Crushed Gravel C.Y. 770 $ 15.55 $ 11 973.50 0 $0.00 105 4" Ash attic Cement S.Y. 4,620 $ 8.55 $ 39 501.00 0 $0.00 106 Curb & Gutter L.F. 2,914 $ 8.25 $ 24 040.60 0 $0.00 107 5' x 4" Concrete Sidewalks I Gravel S.F. 9,910 $ 2.90 $ 28 739.00 0 $0.00 108 5" x 6" Concrete Sidewalks / Gravel S.F. 2,500 $ 3.75 $ 9,375.00 0 $0.00 SUBTOTAL ITEMS 101.109 $ 249,494.00 $121,758.50 WATER SYSTEM COMPLETED TO DATE January 3, 2005 Item No. Description Unit Measure Estimated Quantity Unit Price Total Price QUANTITY COMPLETED TOTAL COST COMPLETED 201 8" Water Main L.F. 1,350 $ 15.75 $ 21 262.50 1,350 $21 262.50 202 8" Gate Valves & Boxes EACH 7 $ 955.00 $ 6,685.00 7 $6 685.00 203 8" Ductile Iron Fittings EACH 4 $ 435.00 $ 1,740.00 4 $1 740.00 204 Fire Hydrants wl Aux. Valve & Box EACH 4 1 $ 2,755.00 1 $ 11 020.00 4 $11 020.00 205 1 Water Services EACH 25 $ 510.00 $ 12 750.00 25 1 $12 750.00 206 Connection to Existing Main EACH 1 $ 380.00 $ 380.00 1 $380.00 SUBTOTAL ITEMS 201 - 206 $ 53,837.50 1 $53,837.50 SEWER SYSTEM COMPLETED TO DATE January 3, 2005 Item No. Description Unit Measure Estimated Quantity Unit Price Total Price QUANTITY COMPLETED TOTAL COST COMPLETED 301 8" Sewer Main L.F. 1,531 $ 15.20 $ 23 271.20 1,531 $23 271.20 302 4' Diam. Manholes w/ Ring & Cover EACH 7 $ 1,630.00 $ 11 410.00 7 $11 410.00 303 4" Sch. 40 PVC Sewer Services EACH 25 $ 460.00 $ 11 500.00 1 25 $11 500.00 304 Connection to Existing Manhole LUMP SUM 1 $ 880.00 $ 880.00 1 $880.00 SUBTOTAL ITEMS 301 - 305 $ 47,061.20 $47,061.20 DRAINAGE & MISCELLANEOUS WORK COMPLETED TO DATE January 3, 2005 Item No. Description Unit Measure Estimated Quantity Unit Price Total Price QUANTITY COMPLETED TOTAL COST COMPLETED 401 8" PVC Storm Drain L.F. 170 $ 14.00 $ 2,380.00 0 $0.00 402 Catch Basin wl Inlet EA. 3 $ 1,262.00 $ 3,786.00 3 $3 786.00 403 Riprap C.Y. 10 $ 68.00 $ 680.00 0 $0.00 404 Topsoil Removal C.Y. 18,000 $ 1.10 $ 19 800.00 18,000 $19 800.00 405 Seeding LUMP SUM 1 $ 7,800.00 $ 7,800.00 0 $0.00 406 Tree's EA. 83 $ 350.00 $ 29 050.00 0 $0.00 407 Road Restoration Sher Lane LUMP SUM 1 $ 3,665.00 $ 3,665.00 1 $3 665.00 408 Traffic Control LUMP SUM 1 $ 3,600.00 $ 3,600.00 1 $3 600.00 409 Mobilization LUMP SUM 1 $ 8,400.00 $ 8,400.00 1 $8 400.00 SUBTOTAL ITEMS 401 - 412 1 1 $ 79,161.00 $39,251.00 UTILITIES - TRENCHING, CONDUIT, VAULTS & LIGHTS Item No. Description Unit Measure Estimated Unit Price Total Price 501 Utility Trench w/ Bedding L.F. -Quantity 4110 $ 3.00 $ 12 330.00 502 2" Conduit w/ Pull Roe L.F. 3,100 $ 1.70 $ 5,270.00 503 3" Conduit w/ Pull Roe L.F. 5,630 $ 2.20 $ 12 386.00 504 4" Conduit w/ Pull Roe L.F. 4,610 $ 2.60 $ 11 986.00 505 4" and 3" Sweeps EACH 115 $ 52.00 $ 6,980.00 506 1 Phase Transformer Vault EACH 8 $ 525.00 $ 4,200.00 507 3 Phase Transformer Vault EACH 3 $ 1,050.00 $ 3,150.00 508 Street Light Bases EACH 13 $ 600.00 $ 7,800.00 509 Si na a Installation LUMP SUM 0.3 $ 2,180.00 $ 664.00 SUBTOTAL ITEMS 501-510 $ 63,756.00 COMPLETED TO DATE January 3, 2005 QUANTITY I TOTAL COST 0.3 756.00 SERVICE COSTS, FEES, ENGINEERING & SURVEYING COMPLETED TO DATE January 3, 2005 Item No. Description Unit Measure Estimated Quantity Unit Price Total Price QUANTITY COMPLETED TOTAL COST COMPLETED 601 Flathead Electric LUMP SUM 1 $ 71 147.00 $ 71 147.00 100 % $71 147.00 602 Northwest Energy LUMP SUM 1 $ 10 851.00 $ 10 851.00 100% $10 851.00 603 Centurytel LUMP SUM 1 $ 10 611.00 $ 10 611.00 100% $10 611.00 604 Engineering,Design LUMP SUM 1 $ 29 598.58 $ 29 698.58 100 % $29 598.58 605 Engineering, Construction LUMP SUM 1 $ 14 799.29 $ 14 799.29 72 % $10 655.49 SUBTOTAL ITEMS 601 - 606 $ 137,006.87 $132,863.07 TOTAL PROJECT BUDGET TOTAL ESTIMATED COST OF CONSTRUCTION AMOUNT COMPLETED PRIOR TO BONDING AMOUNT OF REMAINING WORK PRIOR TO BONDING AMOUNT OF BOND (125 % OF REMAINING WORK) AMOUNT OF WORK COMPLETED TO DATE PERCENTAGE OF WORK COMPLETED TO DATE AMOUNT OF WORK REMAINING ORIGINAL BOND AMOUNT AMOUNT OF BOND TO BE RETAINED (125% OF REMAINING WORK) BOND AMOUNT TO BE RELEASED AMOUNT PREVIOUSLY RELEASED AMOUNT TO BE RELEASED AT THIS TIME AS PROJECT ENGINEER FOR NORTHLAND SUBDIVISION, PHASE 1, 1 CERTIFY THAT THE WORK LISTED HEREIN IS CORRECT. IN ADDITION, I CERTIFY THAT THE ASSOCIATED COSTS ARE REASONABLY ACCURATE ESTIMATES OF THE RESPECTIVE COSTS OF THE WORK. THE VALUE OF CONSTRUCTION AND OTHER WORK COMPLETED TO DATE IS ESTIMATED TO BE: THE TOTAL VALUE OF REMAINING WORK, SERVICES AND FEES IS ESTIMATED TO BE: SECURITY HELD AT 125 % OF THE REMAINING COSTS SHOULD BE IN THE AMOUNT OF: THEREFORE, IT IS IN ACCORDANCE WITH THE SUBDIVISION IMPROVEMENTS AGREEMENT TO REDUCE THE TOTAL AMOUNT OF THE SECURITY HELD BY: $0.00 BRETT WALCHECK, P.E. $ 630,316,57 $ 458,527.27 $ 630,316.57 $ 458,527.27 $ 171,789.30 $ 214,736.63 458,527.27 73% 171,789.30 $ 214,736.63 $ 214,736.63 $0.00 $0.00 $0.00 458,527.27 171,789.30 214,736.63 *ALL IMPROVEMENTS SHALL BE COMPLETED BY: 7/2/2005 fi \ STATE OF MONTANA COUNTY OF FLATHEAD) ss a THE RECORDS OF FLATHEAD COUNTY' STATE OR t1IO" T ANA. COPY g �H?RjE �yg E 5 \\ ST F g ON 20 fl CLOCK $ - 00 ?AID 1 PAULA R03(NpSQid. CLERK ANQRECOQDER BY on ,\l a I I T 9 DEPUTY RETURN If If i r t/ f , Tr DOCUME " ` A, I