HomeMy WebLinkAbout20- Improvements Agreement - Spirited Holdings, Inc. - Catron Crossing J-662
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City of Bozeman
Department of Community Development
P.O. Box 1230
Bozeman, MT 59771
PLATTED
2672316
Page: 1 of 7 02/05/2020 03:36:43 PM Fee: $49.00
Erlo Segrad - Gallatin County, MT IMP
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IMPROVEMENTS AGREEMENT
FOR
CATRON CROSSING FINAL PLAT
(PUBLIC LANDSCAPING AND COMMON OPEN SPACE TRAILS)
THIS AGREEMENT is made and entered into this 14 day of 7r,-v—-eN_2020, by
and between the Spirited Holdings, Inc, 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. 18057, for the Final Plat application of
CATRON CROSSING (19425), to subdivide 23 acres together and create ten (10) commercial
lots and one (1) stormwater tract, and the remaining areas as public streets; and
WHEREAS,it is the intent and purpose of the Subdivider to obtain Final Plat approval for
CATRON CROSSING; and
WHEREAS,the Final Plat for CA TRON CROSSING,is to be filed prior to the installation
of all required subdivision improvements and an improvements agreement with financial security
was provided; and
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
Catron Crossing—Improvements Agreement Page I of 7
Agreement, and of the parties hereto, to satisfy the improvements guarantee requirements for the
Final Plat approval of CATRON CROSSING.
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 that are designated and
identified as being:
LEGAL DESCRIPTION
TRACT A-1 OF THE CORRECTED CERTIFIACTE OF SURVEY NO. 1827A,
SITUATED IN THE SE1/4 OF SECTION 26, TOWNSHIP 1 SOUTH, RANGE 5
EAST, PRINCIPAL MERIDIAN, CITY OF BOZEMAN, GALLATIN COUNTY,
MONTANA.
2. Improvements
This Agreement specifically includes the following improvements for CATRON
CROSSING: Public Landscaping and Common Open Space Trails.
The Estimated Cost of said improvements was estimated by Morrison-Maierlie
Engineering, Inc., PO Box 1113 Bozeman, MT 59771, and the estimate has been revised and
increased by the City, with the updated estimated cost of improvements being Three hundred
sixteen thousand,three hundred and eleven dollars and zero cents($316,311.00).The estimate
is attached and hereby made a part of this Agreement, as Exhibit"A".
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 one
irrevocable standby letters of credit: Letter of Credit No. 1890001473 for a total amount not to
exceed $316,311.00 from Stockman Bank acceptable to the City of Bozeman, which is one
hundred and fifty (150)percent of the Estimated Cost of said improvements.
Catron Crossing—Improvements Agreement Page 2 of 7
The Subdivider hereby agrees that the following subdivision related improvements
shall be installed and completed not later than one (1) year of the filing of the final
subdivision plat for CATRON CROSSING in order to avoid default on the method of
security: Public Landscaping and Common Open Space Trails.
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 CATRON CROSSING.
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 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 Spirited Holdings,
Inc, 1276 North 15"' Avenue, Suite 104, Bozeman, MT 59715 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
Catron Crossing—Improvements Agreement Page 3 of 7
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
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
Catron Crossing—Improvements Agreement Page 4 of 7
SUBDIVIDER
BY, �ow<<.t F �`7`i v�
Spi ited Holdings Inc.
TITLE: P.f-c.SrC'e"f
STATE OF yA„AA-a d4 )
:ss
County of &Lpjk&g-A )
On this day of 2020, before me, a Notary Public of the State of
personally appeared p l j 15. C ug,��_ , known to me to be the subdivider that
executed the foregoing Improvements Agreement, and acknowledged to me that (s)he executed
the foregoing instrument as pczs:4�e ,_,l- of Spirited Holding Inc, and
acknowledged to me that (s)he executed the same for and on behalf of Spirited Holding Inc.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal
the day and year first above written.
(SEAL)
(Prided Name Here)
M Eo CYNTHIA M EDGMOND Notary Public for the State of mon�,rc
:'��P Notary Public Residing at w�LGsrta�.✓Yl y,a 1x.«
•�OTAR/q�o_for the State of Montana
*• —'— *_ Residing at: My Commission Expires: ikc�...► O�Zv2o
SEAL. Q` Bozeman, Montana (Use 4 digits for expiration ear)
My Commission Expires:
December 08,2020
Catron Crossing—Improvements Agreement Page 6 of 7
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.
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 within 10 business days of the signature of the Community Development
Director.
Catron Crossing—Improvements Agreement Page 5 of 7
THE CITY OF BOZEMAN
BY44ARTIN MAI SEN,
DIRECTOR OF COMMUNITY DEVELOPMENT
CITY OF BOZEMAN
STATE OF MONTANA )
:ss
County of Gallatin )
On this —+ day of 2020, before me, a Notary Public for the State
of Montana, personally appeared Martin Vatsen, known to me to be the person described in and
who executed the foregoing instrument as Director of Community Development for the City of
Bozeman, whose name is subscribed to the within instrument and acknowledged to me that he
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.
(SEAL) .
iNe Printed Name Here
KATHERINE MAINES ( )
Notary Public XQjary Public for the State of Montana
�•'N0TARiq4'.(P for the state of Montana
Residing at: Residing
Belgrade, Montana My Commission Expi
My commission Expires: (Use 4 digits rts for ex iration eat
_ July 22,2020 ( g p Y
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