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Home My WebLink About93- IA for CUP-PUD Application #Z-9230 IMPROVEMENTS AGREEMENT FOR CUP/PUD APPLICATION #Z-9230 THIS AGREEMENT is made and entered into this day of , 19 , by and between the Overbrook Partnership, hereinafter called the "Developer" , and the City of Bozeman, a Municipal Corporation of the State of Montana, hereinafter called the "City" . WHEREAS, it is the intent and purpose of the Developer to meet the conditions of approval of Conditional Use Permit application #Z-9230 allowing the development of twenty four residential units and installation of related site improvements ; and WHEREAS , it is the intent of the Developer to obtain final approval for said application; and WHEREAS , it is the intent and purpose of both the Developer and the City to hereby enter into an Agreement which will guarantee the full and satisfactory completion of the required improvements on 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 approval of said Conditional Use Permit application. 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 Lot 16 , and Lots 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , and 30 of Block 9 , Amended Plat of Fig-tins Addition, City of Bozeman, Gallatin County, Montana, and more commonly known as 517 Westridge and all parcels which front onto Fryslie Street . 2 . Improvements This Agreement specifically includes the installation of landscaping and parking lot improvements , and other improvements illustrated on the plans and specifications attached and made a part of this Agreement , as "Exhibit A" . The estimated cost of said 1 OVERBROOK #Z-9230 IMPROVEMENTS AGREEMENT PAGE 2 OF 4 : improvements is attached as "Exhibit B" and "Exhibit B-1 . " 3 . Financial Guarantee , Time for Completion of Improvements If the use of the structure is to occur prior to the installation of the improvements, the improvements must be secured by a financial guarantee, as may be deemed acceptable by the City, payable to the City of Bozeman, in an amount equal to one and one- half ( 1 1/2 ) times the estimated cost of the installation of any required improvements not completed at this time . Said method of security shall be valid for a period of not less than twelve ( 12 ) months . In any event , all stream bank and open space landscaping , and all Phase I improvements as delineated on Exhibit "A" , which is attached and made a part of this Agreement , shall be installed within nine ( 9 ) months of the issuance of a Building Permit . All Phase II site improvements shall be installed within ( 9 ) months of the issuance of a Building Permit for the first building to be constructed in said phase . 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 Developer is in compliance with this Agreement , and the Developer 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 Developer 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 Developer at 4150 Conestoga Circle , Bozeman, Montana, 59715 or such other address as the Developer 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 : 2 OVERBROOK *Z-9230 IMPROVEMENTS AGREEMENT PAGE 3 OF 4 : 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. 1 . 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 . B) The City may enforce any other remedy provided by law. 6 . Warranty The Developer shall warrant against defects in these improvements for a period of one year from the date of their written acceptance by the Governing Body. Any required landscaping must be maintained in a healthy, growing condition at all times . Any plant that dies must be replaced with another living plant that complies with the approved landscape plan. i . Governing Law This Agreement shall be construed according to the laws of the State of Montana. 8 . Modifications or Alterations No modifications or amendment of this Agreement shall be valid, unless evidenced by a writing signed by the parties hereto . 9 . 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 . 10 . No Assignment It is expressly agreed that the Developer shall not assign this Agreement in whole , or in part , without prior written consent to City . 3 OVERBROOK #Z-9230 IMPROVEMENTS AGREEMENT PAGE 4 OF 4 : 11. . Successors Except as provided in paragraph 10 , this Agreement shall be binding upon, enure to the benefit of, and be enforceable by the parties hereto and their respective heirs , successors and assigns . THE OVERBROOK PARTNERSHIP Tim Dean, partner STATE OF MONTANA ) . ss County of Gallatin } On this �/S� day of J��"'�ar� , 19 before me , a Notary Public for the State of Montana, personally appeared Tim Dean, partner in the Overbrook Partnership, known to me to be the person who executed the foregoing Improvements Agreement, and acknowledged to me that he executed the same on behalf of the said partnership. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. 9 1�4e�( 17 , e Notary Public _qr Sta e (9f Montana Residing at : Commission Expires: �tZ ( SEAL) THE CITY OF BOZEMAN I' d Phillip J . F rb s Director of Public Service STATE OF MONTANA ) : ss County of Gallatin ) On the -V4K day of 4NRW47Z , 19�, before me , a Notary Public for the State of Montana, personally appeared Phillip J . Forbes , known to me to be the person described in and who executed the foregoing instrument as Director of Public Service of 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 . Nota , Public r tate of Montana Resi ' ng at : Commission Expires: 9 ( SEAL ) 4 "EXHIBIT B" ESTIMATED COST FOR IMPROVEMENTS ------------------------------------------------------------------------------------------------- DATE: 14 January 93 PROJECT;Overbrook at Westridge POD DEVELOPER: Overbrook Partnership ---------------------------- -------------------------- ,---------m---------------------------- Item- Sq,Ft , /Ln . Ft . Cost Per Unit Est , Cost Paving: Asphalt 25, 856 SF $1. 00/unit $ 25, 856 . 00 Concrete (611) 9, 703 SF 3. 00/unit ?n,�ing _ nn Sidewalks : (4") 1 , 055 SF 1 . 75/unit 1 , 846 . 00 Curbing: 1 , 906 LF 8 . 25/unit 15, 724 . 00 Landscape: SEE EXHIBIT B-1 41, 325. 00 Landscape Protection: Garbage Enclosure: Exterior Lighting : Bike Racks 3 units 130 . 00/unit 390 . 00 Regulatory Signs 6 units 25. 00/unit 150 . 00 Benches 2 units 50. 00/unit 100 . 00 T 7-.4/- Approved By City Engineering Office: Date: 43 EXHIBIT B-1 LANDSCAPING ESTIMATE OVERBROOK AT WESTRIDGE ------------------------------------------------------------------ Item Quantity Cost/Unit Total weeping birch 4 $ 74 . 00 $ 296 . 00 patmore green ash 14 78 . 00 1 , 092 . 00 scotch pine 5 85 . 00 425 . 00 colorado spruce 20 155 . 00 3 , 100 . 00 laurel leaf willow 27 39 . 00 1 , 053 . 00 schwedler maple 13 69 . 00 897 . 00 cottonless cottonwood 44 42 . 00 1 , 848 . 00 quaking aspen 122 59 . 00 7 , 198 . 00 potentilla 16 14 . 00 224 . 00 junipers 30 19 . 50 585 . 00 grass/grading 117 , 176 SF . 21/SF 24 , 607 .00 TOTAL $41 , 325 . 00