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SIA - Southside Estates (Recorded)h in 01< L 110 —Appendix F —Subdivision Improvement Agreement APPENDIX F SUBDIVISION IMPROVEMENT AGREEMENT Return to: ii 629 Theres VAti._,unnleunluilllllilullllllVll1111IIIIIIIIIIIIIIIIIIIII�lO�Illi���I�������I�f���0��1�1 zoge::Lo 7 Page: 1 of 7 Kalispell City Clerk 1111111IIIIIIIIIIIIIIIIIIIIIIIIIIIIlull11menuunnmi+111+ ++ Fees: $59.00 9 11 2017 2:06 PM P.O. Box 1997 Debbie Pierson, Flathead County MT by NW % Kalispell, MT 59903 SUBDIVISION IMPROVEMENT AGREEMENT THIS AGREEMENT, made and entered into this 1 4_"� day of August , 20 17 by and between the CITY COUNCIL, CITY OF KALISPELL, MONTANA, Party of the First Part and hereinafter referred to as the CITY, and Team Development, LLC (Name of Developer) a Limited Liability Corporation (Individual, Company or Corporation) located at PO Box 1642 Brush Prairie, WA 98606 (Street Address/P. O. Box) (City, County, State, Zip) Parry of the Second Part and hereinafter referred to as DEVELOPER WITNESSETH: THAT WHEREAS, the Developer is the owner and developer of a new subdivision known as Southside Estates SabdMstali" (Name of Subdivision) located at NHN Pintail Dr --SW 1/4 SE 1/4, S19, T28N, R21 W (Location of Subdivision) and, WHEREAS, the City has conditioned it's approval of the final plat of Southside Estates Subdhdsten , 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 111 — Appendix F — Subdivision Improvement Agreement $ 1,457,685.00 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 $ 692,400.00 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: a. That the creditor guarantees funds in the sum of $ 692,400.00 the estimated cost of completing the required improvements in Southside Estates Subdiwsiw (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 September 30th , 20 17 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. 112 — Appendix F — Subdivision Improvement Agreement 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 fumish 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. Southside Estates SUbdWi7ferdTeaDevelopment, LLC (Name of�Sdivision/Dev loper/Firm by Brian Wells, Manager (Title) STATE OF`M4 Ov`eooY) COUNTY OF MkAA+noV"&A,n On this � 111 day of Nte�Lut- , 20 1 before me, a Notary Public for the State of M�, personally appeared �r'u"�ik\S , known to me to be the ���°y1 �A(Azac)err of k -catA iXveoOV MeN-t, U�_, C. ,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. Notary Public for the State of MmTtw= ifeo)00 00FICIAL SEAL. MISTI MARIE WEBB Printed Name MSS w c \ Mb j NOTARY PUBLIC.ORf CON Residing at }'- COMMISSION NO. !MIt]0 or IgrC0E1S11ESEAIMEt MI� My Commission Expires MAYOR, CITY OF KALISPELL MAYOR ATTEST " `,tt419ifit!! CI Y CLERK s �p N• t, 113 —Appendix F —Subdivision Improvement Agreement EXHIBIT A Conditions of approval as fixed to the preliminary plat by the City Council, Kalispell, Montana. EXHIBIT B See Attached Engineer's Estimate 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 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 Landscaping/ Boulevard trees Other ( 114 —Appendix F —Subdivision Improvement Agreement CHECK CONSTRUCTION . ESTIMATED PERCENTAGE APPROPRIATE COMPLETION CONSTRUCTION COMPLETE R\4PROVEMENTS DATE COSTS SUBTOTAL $ 553,920.00 FEES Inc Above TOTALS COSTS $ 553,920.00 TOTAL COLLATERAL (TOTALS COSTS X 125%) $ 692,400.00 Southside Estates Final Plat Engineer Estimate As At s 14 2017 Description Unit Qty Total % Complete Total to Date Total Remaining Mobilization LS 1 $4,500.00 100% $4,500.00 $0.00 Survey Staking LS 1 $20,000.00 50% $10,000.00 $10,000.00 SWPPP LS 1 $8,500.00 90% $7,650.00 $850.00 Permits LS 1 $400.00 100% $400.00 $0.00 Compaction Testing LS 1 $4,500.00 50% $2,250.00 $2,250.00 Subtotal $37,900.00 $24,800.00 $13,100.00 Excavate/Recompact Existing Uncontrolled Fill LS 1 $67,200.00 100% $67,200.00 $0.00 Subtotal $67,200.00 $67,200.00 $0.00 8" Sewer Main LF 1350 $64,800.00 100% $64,800.00 $0.00 Sanitary Sewer Manholes EA 9 $25,650.00 100% $25,650.00 $0.00 4" Sanitary Sewer Services EA 42 $50,400.00 100% $50,400.00 $0.00 Sewer Pipe Bedding and Trench Replacement Gravel LS 1 $44,487.00 100% $44,487.00 $0.00 72" Lift Station Replacement, Tie-in to Existing LS 1 $12,300.00 80% $9,840.00 $2,460.00 Subtotal $197,637.00 $195,177.00 $2,460.00 8" Water main LF 1360 $65,280.00 95% $62,016.00 $3,264.00 8" Fittings EA 9 $4,500.00 95%1 $4,275.00 $225.00 8" Gate Valves EA 3 $6,000.00 95% $5,700.00 $300.00 Fire Hydrants EA 4 $19,200.00 100% $19,200.00 $0.00 3/4" Water Services EA 42 $92,400.00 90% $83,160.00 $9,240.00 Reducers EA 2 $1,000.00 100% $1,000.00 $0.00 Water Pipe Bedding and Trench Replacement Gravel LS 1 $45,566.00 95% $43,287.70 $2,278.30 Subtotal $233,946.00 1 $218,638.70 $15,307.30 12" Storm Drain LF 770 $27,720.00 70% $19,404.00 $8,316.00 15" Storm Drain LF 150 $5,700.00 66% $3,762.00 $1,938.00 30" Diameter Catch Basins EA 8 $21,200.00 70% $14,840.00 $6,360.00 48" Diameter Storm Drain Manholes EA 7 $19,950.00 70% $13,965.00 $5,985.00 48" Diameter Outfall Structures EA 2 $4,780.00 66% $3,154.80 $1,625.20 CDS Storm Treatment Units EA 2 $25,100.00 100% $25,100.00 $0.00 Underground Storm Retention Areas LS 1 $159,800.00 45% $71,111.00 $88,689.00 3/4" Crush Gravel for Retention Pipe Bedding LS 1 $31,747.00 66% $20,953.02 $10,793.98 Bedding and Replacement Gravel for Solid Pipe LS 1 $16,668.00 66% $11,000.88 $5,667.12 Subtotal $312,665.00 $183,290.70 $129,374.30 Common Utility Trench w/ Bedding LF 3740 $20,570.00 0% $0.00 $20,570.00 3" Secondary Power w/ Pull Rope and Sweeps LF 3740 $9,350.00 95% $8,882.50 $467.50 Power - Sweeps EA 41 $1,722.00 95% $1,635.90 $86.10 Single Phase Electric Vaults EA 8 $7,816.00 95% $7,425.20 $390.80 Street Light Foundations EA 9 $10,800.00 95% $10,260.00 $540.00 Light Pole - 1" Conduit LF 500 $500.00 95% $475.00 $25.00 Light Pole - Sweeps EA 18 $144.00 95% $136.80 $7.20 Subtotal $50,902.00 $28,815.40 $22,086.60 Drive -over Curb and Gutter LF 1 $37,958.00 0% $0.00 $37,958.00 Equipment and Labor with Materials to Prep LS 1 $34,972.00 0% $0.00 $34,972.00 4" Concrete Sidewalk with Gravel SF 14815 $44,445.00 20% $8,889.00 $35,556.00 Dome Tiles EA 9 $1,620.00 0% $0.00 $1,620.00 Inlet Aprons EA 10 $2,200.00 66% $1,452.00 $748.00 Valve Box Squares EA 5 $450.00 66% $297.00 $153.00 Manhole and Catch Basin Aprons EA 12 $2,640.00 66% $1,742.40 $897.60 Mobilize LS 1 $500.00 20% $100.00 $400.00 Subtotal $124,785.00 $12,480.40 $112,304.60 8" Concrete Mailbox Cluster Base with Gravel SF 150 $975.00 0% $0.00 $975.00 Place 12" of 3" minus Pit Run LS 1 $51,120.00 10% $5,112.00 $46,008.00 Place 3" of 3/4" Crush LS 1 $40,399.00 0% $0.00 $40,399.00 Place 4" of Asphalt - 2 lifts LS 1 $91,700.00 0% $0.00 $91,700.00 Access Roads to Retention Cleanouts LS 1 $17,465.00 0% $0.00 $17,465.00 Subtotal $201,659.00 $5,112.00 $196,547.00 Phone/Data - 2" Conduit LF 3740 $6,732.00 95% $6,395.40 $336.60 Phone/Data - Sweeps EA 42 $1,428.00 95% $1,356.60 $71.40 Subtotal $8,160.00 $7,752.00 $408.00 Landscaping LS 1 $41,478.00 22% $9,125.16 $32,352.84 Electrical Underground LS 1 $92,928.00 100% $92,928.00 $0.00 Natural Gas LS 1 $28,090.00 100% $28,090.00 $0.00 Sound Wall and Fencing at Utility Lot 1 LS 1 $60,335.00 50% $30,167.50 $30,167.50 Subtotal $222,831.00 $160,310.66 $62,520.34 TOTAL $1,457,685.00 62% $903,576.86 $553,700.14