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SIA (Recorded)NP.&A0010 BY° Return to: C _�' 1-4h ME Theresa White titT I y Kalispell City Clerk $ P.O. Box 1997 PAULA ROBIN50N FLATKAD CIOUNTY MONTANA Kalispell, MT 59903 O ^— � O ®® SUBDIVISION IMPROVEMENT AGREEMENT �s L_ THIS AGREEMENT, made and entered into this RD day of jr- i d)iyj�L , 200 , by and between the CITY COUNCIL, CITY OF KALISPELL, MONTANA, Party of the First ® Part and hereinafter referred to as the CITY, and JEFFREY H. THIESEN a.k.a. JEFF THIESEN & ® KAREN J. THIESEN, a.k.a. KAREN THIESEN located at 789 Fifth Ave. WN, Kalispell, MT 59901, Owl Party of the Second Part and hereinafter referred to as DEVELOPER. Lf)O ®® WITNESSETH: THAT WHEREAS, the Developer is the owner and developer of a new subdivision kriown as SINOPAH SUBDIVISION located at 1270 & 1288 N. Meridian Rd. and 121 & 125 Northwest Ln. qb Kalispell, Montana and, ) ,?00-r 9,0 ?POO ® WHEREAS, the City has conditioned it's approval of the final plat of SINOPAH SUBDIVISION, Q upon the conditions as set forth 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 qwishes to bond for the completion of those improvements set forth in "Exhibit A"; and If 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 O WHEREAS, the estimated total cost of construction of said improvements is the sum of $77,312.00. E� ® NOW THEREFORE, in consideration of the approval of the final plat of said Subdivision by the City, the Developer hereby agrees as follows: C`- 9 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 $96,640.00. 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: Q 0 0 a. That the creditor guarantees funds in the sum of $96,640.00 the estimated cost of completing the required improvements in SINOPAH SUBDIVISION. 6' Q 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 November 1, 2005. 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. 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 hnprovement 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. Aa. F Y . THIESEN .a. JEFF THIESEN STATE OF MONTANA ) ss. County of Flathead KAREN J. THIMEN a.k.a. KAREN THIESEN This instrument was acknowledged before me on e t r ;, 200� by Jeffrey H. Thiesen, a.k.a. Jeff Thiesen and Karen J. Thiesen, a.k.a. Karen Thiesen. Printed Name Notary Public for the State of Montana = Residing at ``jc n- -.P<i ,' My Commission Expires '�dFIl11{IJ{111i\\ MA-rQ R, CITY OF KALISPELL ATTEST: MAYOR Exhibit• 2 nd Sudivision• • • for Sinopah Subdivision ESTIMATED COST OF REMAINING IMPROVEMEVTS November 23, 2005 UNIT TOTAL % % UNDONE Item No. ITEM UNIT COST OUANTITY nr)NF IINnr)NF rr1RT 101 8" AWWA C-900 PVC Water Main L. F. $ 21.50 535 $ 11,503 100% 0% $ 102 8" Misc. Ductile Iron Fitting Each $ 416.67 3 $ 1,250 100% 0% $ 103 Gate valve & box Each $ 530.00 1 $ 530 100% 0% $ 104 Fire hydrant assembly Each $ 3,100.00 2 $ 6,200 99% 1% $ 50 105 3/4" water services Each $ 749.00 22 $ 16,478 100% 0% $ - 106 2 inch blowoff Each $ 750.00 1 $ 750 73% 27% $ 200 107 Connection to Exist. Water Main Each $ 2,569.00 1 1 1 $ 2,569 1 100% 0% $ - 108 Paving restoration Each $ 4,250.00 1 1 1 $ 4,250 1 100% 00/6 $ - WATER SUB -TOTAL $ 43,530 $ 250 201 8" SDR-35 PVC Sewer Main L. F. $ 20.50 845 $ 17,323 100% 0% $ - 202 Manhole Each $ 1,750.00 3 $ 5,250 90% 10% $ 525 203 4-inch sewer service L.S. $ 75.00 22 $ 1,650 100% 0% $ - 204 Northwest Lane Paving Restoration L. S. $ 7,250.00 1 $ 7,250 100% 0% $ - SEWER SUB -TOTAL $ 31,473 $ 525 301 Roadway - 32 feet wide plus cul-de-sac S.F. $ 2.75 19,898 $ 54,660 97% 3% $ 1,500 302 Curb & gutter L.F. $ 8.75 1,120 $ 9,800 100% 0% $ - 303 Sidewalk S.F. $ 3.42 5,897 $ 20,169 0% 100% $ 20,169 304 Boulevard topsoil S.F. $ 0.23 6,720 $ 1,575 0% 100% $ 1,575 305 Street trees Each $ 200.00 22 $ 4,400 0% 100% $ 4,400 306 Street signs Each $ 300.00 1 $ 300 80% 20% $ 60 307 Catch basins Each $ 1,150.00 2 $ 2,300 100% 0% $ - 308 8-inch PVC storm drain L.F. $ 15.00 130 $ 1,950 0% $ - 309 12-inch steel culvert L.F. $ 18.50 72 $ 1,332 20% $ 266 310 Storm water pond/ radin L. S. $ 2,650.00 1 $ 2,650 E70% 30% $ 795 311 Mailbox pull -off L. S. $ 1,200.00 1 $ 1,200 100% $ 1.200 STREET SUB -TOTAL $ 100,336 $ 29,966 401 Common trench for Elec,Tel, TV L.F. $ 2.50 1,350 $ 3,375 100% 0% $ 402 1-inch conduit with pull rope - street lights L.F. $ 1.50 135 $ 203 100% 0% $ 403 2-inch conduit with pull rope - tel & CableTV L.F. $ 2.00 2,400 $ 4,800 100% 0% $ 404 3-inch conduit with pull roe L.F. $ 2.50 2,000 $ 5,000 100% 0% $ 405 Vaults Each $ 625 2 $ 1,250 100% 0% $ 406 Street lights Each $ 450 3 $ 1,350 100% 0% $ UTILITY SUB -TOTAL $ 15,978 $ 501 Natural Gas Company Construction Fees Each $ 9,530 1 $ 9,530 1 100% 0% $ 502 Electric Company Construction Fees Each $ 20,009 1 $ 20,009 1 100% 0% $ 503 Telephone Company Construction Fees Each $ 6,466 1 $ 6,466 1 100% 0% $ U I ILIIT YCC JUtS-IUTAL $ 3b'uub $ - 601 Demolition of Existing Structures I Each $ 7,510 1 1 $ 7,510 1 100% 0% $ DEMOLITION SUB -TOTAL $ 7,510 $ Total Construction cost: $ 234,831 $ 30,740 Amount complete: $ 204,091 86.9% Amount remaining: $ 30,740 13.1% SUB -TOTAL REMAINING CONSTRUCTION COSTS: $ 30,740 CITY OF KALISPELL REQUIRED 25% ADDITION TO CONSTRUCTION COSTS: TOTAL REQUIRED FOR IMPROVEMENT GUARANTEE: $ 38,426 THE ESTIMATED COSTS LISTED ABOVE ACCURATELY REFLECT THE ENGINEER'S OPINION OF CONSTRUCTION COSTS FOR COMPLETING THE REMAINING IMPROVEMENTS REQUIRED IN THE CONDITIONS OF PRELIMINARY PLAT APPROVAL OF THE SINOPAH SUBDIVISON. CARVER ENCCtl__ �t rr) MMM `t 4 L ANDREW J. HYDE, P.E.