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HomeMy WebLinkAbout17- Improvements Agreement - Bon Ton, Inc. of Blgs - Allison Major Subdivision, Phase IIIB (Sidewalk Improvements) J-608 Send Original to: ( City of Bozeman t Department of Community Development P.O.Box 1230 Bozeman,MT 59771 PLATTED 2586962 Page: 1 of 9 07/27/2017 01 ASA9 PM Fee: $63.00 Charlotte Mills - Gallatin County, MT IMP 11111111111111111111111111111111111111111111111111111111111111 I II I IIII IIII IIII III IMPROVEMENTS AGREEMENT FOR ALLISON MAJOR SUBDIVISION,PHASE IIIB (SIDEWALK IMPROVEMENTS) This AGREEMENT is made and entered into this day of JuQ , 2017, by and between BON TON, INC., OF BLGS, hereinafter called the "Subdivider", and the CITY OF BOZEMAN, a municipal corporation and political subdivision of the State of Montana, with offices at City Hall, 121 North Rouse Avenue, P.O. Box 1230, Bozeman, MT 59771-1230,hereinafter called the "City". WHEREAS, it is the intent and purpose of the Subdivider to meet the conditions of preliminary plat approval, Planning Application No. 15007, for the Final Plat application of Allison Major Subdivision, Phase IIIB (17095) , to subdivide 49.517f acres together and create (3) single-household residential lots, one (1) remaining tract and the remaining area as public streets; and WHEREAS, it is the intent and purpose of the Subdivider to obtain Final Plat approval for Allison Subdivision,Phase IIIB; and WHEREAS, the Final Plat for the Allison Subdivision, Phase IIIB, was filed prior to the installation of all required subdivision improvements for Phase IIIB and an improvements �( agreement with financial security was provided; and 1 Allison Major Subdivision,Phase IIIB Lot Sidewalks Improvements Agreement WHEREAS, it is the intent and purpose of both the Subdivider and the City to hereby enter into an Agreement which will guarantee the full and satisfactory completion of the required improvements related with the property hereinafter described; and it is the intent of this Agreement, and of the parties hereto, to satisfy the improvements guarantee requirements for the Final Plat approval of Allison Subdivision,Phase IIIB. NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, it is hereby agreed as follows: 1. Property Description This Agreement pertains to, and includes, those properties which are designated and identified as being: LEGAL DESCRIPTION—ALLISON SUBDIVISION, PHASE IIIB (SIDEWALK IMPROVEMENTS ON LOT FRONTAGE) The property is legally described as a Subdivision of Lot 1 Block 2 of Allison Subdivision Phase 3A located in the NE I/4 and the SE '/4 of Section 24, Township 2 South, Range 5East P.M.M. City of Bozeman, Gallatin County, Montana. SUBJECT to all easements of record or apparent from a visual inspection of the property. 2. Improvements This Agreement specifically includes the following improvements for Phase IIIB: Lot Sidewalk Improvements. The Estimated Cost of said improvements for Lot Sidewalk Improvements has been estimated by Madison Engineering, 895 Technology Blvd, Suite 203, Bozeman, MT 59718, at Tivelve Thousand, Five Hundred and Twenty Three Dollars ($12,523.00). The estimate is attached and made a part of this Agreement, as Exhibit"A". 2 Allison Major Subdivision,Phase IIIB Lot Sidewalks Improvements Agreement 3. Financial Guarantee, Time for Completion of Improvements, Additional restrictions It is the Subdivider's intent with this Agreement to file the Final Plat prior to completion of all required subdivision improvements. Therefore, this Agreement shall be secured by an irrevocable standby letter of credit: Letter of Credit No. 1690000376 in the amount of $18,784.50 from Stockman Bank acceptable to the City of Bozeman, which is one hundred and fifty (150)percent of the Estimated Cost of said improvements. The Subdivider hereby agrees that the following subdivision related improvements shall be installed and completed not later than thirty-six (36) months of the filing of the final subdivision plat for ALLISON SUBDIVISION,PHASE IIIB in order to avoid default on the method of security: Sidewalk Improvements. The Subdivider agrees that no delegation of performance required by this agreement shall relieve the Subdivider of any duty to perform or any liability for the breach of that duty to complete said subdivision improvements required for ALLISON SUBDIVISION, PHASE IIIB. Upon submission of fully documented invoices for the work performed, said work to be inspected and certified for payment by Subdivider's professional engineers and the City of Bozeman and or its agents as necessary, the City of Bozeman may release a portion of the letter of credit for the work completed by the referenced invoices. 4. Inspection Representatives of the City shall have the right to enter upon the property at any reasonable time in order to inspect it and to determine if the Subdivider is in compliance with 3 Allison Major Subdivision,Phase IIIB Lot Sidewalks Improvements Agreement this Agreement, and the Subdivider shall permit the City and its representatives to enter upon and inspect the property at any reasonable time. 5. Default Time is of the essence of this Agreement. If the Subdivider shall default in or fail to fully perform any of its obligations in conformance with the time schedule under this Agreement, and such default or failure shall continue for a period of thirty (30) days after written notice specifying the default is deposited in the United States mail addressed to the Subdivider at Bon Ton Inc of Billings, PO Box 906, Bozeman, MT 59771, or such other address as the Subdivider shall provide to the City from time to time, without being completely remedied, satisfied, and discharged, the City may elect to enforce any of the following specified remedies: A) The City may, at its option, declare the financial guarantee to be forfeited and secure the complete construction and inspection of the improvements described herein. The City's representative, contractors, and engineers shall have the right to enter upon the property and perform such work and inspection, and the Developer shall permit and secure any additional permission required to enable them to do so. In the event that any funds remain from the financial guarantee upon completion of all improvements, such funds shall be promptly returned to the Subdivider. B) The City may enforce any other remedy provided by law. 6. Indemnification The Subdivider hereby expressly agrees to indemnify and hold the City harmless for and against all claims, costs and liability of every kind and nature, for injury or damage received or sustained by any person or entity in connection with, or on account of the performance of work at the development site and elsewhere pursuant to this Agreement. Subdivider further agrees to aid and defend the City in the event that it is named as a defendant in an action concerning the 4 Allison Major Subdivision,Phase IIIB Lot Sidewalks Improvements Agreement performance of work pursuant to this Agreement except where such suit is brought by the Subdivider. The Subdivider is not an agent or employee of the City. 7. Attorney Fees In the event it becomes necessary for either party to this Agreement to retain an attorney to enforce any of the terms or conditions of this Agreement, then the prevailing party shall be entitled to reasonable attorney's fees and costs, including fees, salary, and costs of in-house counsel including City Attorney. 8. Warranty The Subdivider shall warrant against defects of all improvements and that these improvements are made in a good and workman-like manner for a period of two (2) years from the date of their written acceptance by the governing body. 9. Governing Law This Agreement shall be construed according to the laws of the State of Montana. In the event of litigation concerning this Agreement, venue is in the Eighteenth Judicial District Court, Gallatin County, State of Montana. 10. Modification or Alterations No modifications or amendment of this Agreement shall be valid, unless evidenced by a writing signed by the parties hereto. 11. Invalid Provision The invalidity or unenforceability of any provision of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision were omitted. 5 Allison Major Subdivision,Phase IIIB Lot Sidewalks Improvements Agreement 12. No Assignment It is expressly agreed that the Subdivider shall not assign this Agreement in whole, or in part, without prior written consent to City. 13. Successors Except as provided in paragraph twelve (12), this Agreement shall be binding upon, ensure to the benefit of, and be enforceable by the parties hereto and their respective heirs, successors and assigns. 14. Filing The Subdivider shall have this Agreement recorded in the Office of the Gallatin County Clerk and Recorder at the within 10 business days of the signature of the Community Development Director. 6 Allison Major Subdivision,Phase IIIB Lot Sidewalks Improvements Agreement SUBDIVIDER BY: EUeWRAF IV, MEMBER BON TON, C., OF BLGS STATE OF MONTANA ) :ss County of Gallatin ) On this 3 a day of 5 WV`' , 2017, before me, the undersigned, a Notary Public for the State of Montana, personally appeared Eugene Graf IV, known to me to be a Member of Bon Ton Inc of Blgs the entity that executed the within instrument, and acknowledged to me that they executed the same for and on behalf of said Subdivider. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. (Printed Name Here) Notary Public for the State of Montana Residinga rp t r t�JD�'G�19.4 My Commission Expires: Ndv (Use 4 digits for expiration year) 7 Allison Major Subdivision,Phase MB Lot Sidewalks Improvements Agreement THE CITY OF BOZEMAN BY: l COMMUNITY DEVELOPMENT DIRECTOR CITY OF BOZEMAN STATE OF MONTANA ) :ss County of Gallatin ) On the A day of V�� , 2017, before me, a Notary Public for the State of Montana, personally appeare Mks wx '(Y1 AVA , known to me to be the person described in and who executed the foregoing instrument as Community Development Director of the City of Bozeman, whose name is subscribed to the within instrument and acknowledged to me that she executed the same for and on behalf of said City. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my seal on the day and year first written above. (Prin a Here) (Seal) Notary Pu the State of Montana KATHERINE MAINES Residing at NE yq�2_- Notary Public •�oTnRiq��N:for the State of Montana M(Use Commission its foreXp;on Eration xpires: _ Residing at: �...SEAL *' Belgrade, Montana.�2e y P,' My Commission Expires: ' OF MOB'° July 22,2020 8 Allison Major Subdivision,Phase IIIB Lot Sidewalks Improvements Agreement EXHIBIT A Allison PH IIIB Lot Sidewalks Engineer's Estimate ITEM Estimated Estimated No Improvements Quantity Unit Unit Price Sub Total Sidewalks 1 Block 3 a) Lot 6 771 SF $7.00 $5,397.00 Subtotal $5,397.00 2 Block 2 a) Lot 2 463 SF $7.00 $3,242.75 b) Lot 3 555 SF $7.00 $3,883.25 Subtotal $7,126.00 Lot Sidewalk Estimated Construction Cost $12,523.00 150%of Estimated Construction Cost $18,784.50 Approved by City Engineer's Office 4p, Date: Alliosn Subdivision-Phase IIIB Lot Sidewalk Construction Cost Estimate and Bonding Summary