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Home My WebLink About93- IA for Dickinson Manor Apartment Complex IMPROVEMENTS AGREEMENT FOR DICKINSON MANOR APARTMENT COMPLEX THIS AGREEMENT is made and entered into this S day of 1993 , by and between William B. Cole, III and Andrew Imperaiti , hereinafter called the "Developers" , 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 Developers to meet the conditions of approval of a Major Site Plan application to allow the construction of 16 ten-unit apartment buildings on the property in question; and WHEREAS, it is the intent of the Developers to obtain Final Site Plan approval ; and WHEREAS , it is the intent and purpose of both the Developers 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 conditional approval of said Major Site Plan. 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 Lots 1 , 2 and 3 , Block 14 , Annie Subdivision, Phase I , City of Bozeman, Gallatin County, Montana, and more commonly described as a 10 . 65 acre tract of land located at the northwest corner of the intersection of Durston Road and North 22nd Avenue. 2 . Improvements This Agreement specifically includes the installation of landscaping, parking , storm water retention/detention, sidewalks, and other improvements as illustrated on the plans and specifications hereto attached and made a part of this Agreement , as "Exhibit A" . The estimated cost of said improvements is attached and made a part of this Agreement, as "Exhibit B" . 1 3 . Financial Guarantee , Time for Completion of Improvements If occupancy of any structure is to occur prior to the installation of all required on-site improvements for the phase in which the structure is located, the Improvements Agreement 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 times the estimated cost of the installation of any required improvements not completed at that time. Said method of security shall be valid for a period of not less than twelve ( 12 ) months . In any event , all required improvements for the subject phase of the site as delineated on Exhibit "A" , which is attached hereto and made a part of this Agreement , shall be completed within nine ( 9 ) months of occupancy in order to avoid default on the method of security. 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 Developers are in compliance with this Agreement, and the Developers 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 Developers 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 William B. Cole , III , ?61V Lsie , Belgrade, MT 59714 , or such other address as the Developers 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 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 Developers shall permit and secure any addi- tional permission required to enable them to do so. B) The City may enforce any other remedy provided by law. 6 . Warranty The Developers 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. 7 . 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 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 . WILLIAM B. COLE, III` ANDREW IMPERAITI STATE OF MONTANA ) : ss County of Gallatin ) On this _j21�k'day of , 1993 , before me , a Notary Public for the State of Mo ana personally appeared William B. Cole , III and Andrew Imper�iti wn to me to be the persons who executed the foregoing Improve nts Agreement and acknowledged to me that they executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. Notary Public o_ State of Montana Residing at Commission Expires THE CITY OF BOZEMAN ju?� 12 �;�/ Phillip J F es Director of Public Service STATE OF MONTANA ) : ss County of Gallatin ) On the day of 4U4 ,wt , 1993 , 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 . 44-4� L4�� - Notar Public for Sta e of Montana Resi i g at : Commission Expires : 4 "EXHIBIT B" ESTIMATED COST OF IMPROVEMENTS ---------------------------------------------------------------- - PROJECT: Z-9207 - Major Site Plan allowing the construction of 16 ten-unit apartment structures at the northwest corner of Durston Road and N. 22nd Avenue, William B. Cole, III and Andrew Imperaiti , Developers PHASE 5 DEVELOPERS SIGNATURES : , -------------------------------------------------------------- ITEM SQ. FT . /LN FT COST/UNIT EST. COST PHASE 5 (THREE STRUCTURES SOUTHERN END ) Curb 396 ln. ft . $ 8 . 25/ln. ft . $ 3 , 267 . 00 Sidewalk 525 ln. ft . x 5 ' width = 2625 sgft . $ 1 . 90/sq. ft. $ 4 , 988 . 00 Landscaping , general 35 , 000 sq. ft. $ . 21/sq. ft. $ 7 , 350. 00 ( sod, irrigation, grading ) Colorado Spruce Trees ( 12 ) $175 . 00 ea. $ 2 , 100 . 00 Austrian Pine Trees ( 2 ) $150 .00 ea. $ 300 . 00 Patmore Ash Trees ( 9 ) $195 . 00 ea. $ 1 , 755 . 00 Schwedler Maple Trees ( 16 ) $ 49 . 00 ea. $ 784 . 00 Cottonless Cottonwood ( 6 ) $ 38 . 00 ea. $ 228 . 00 Sugar Maple Trees (4 ) $ 56 . 00 ea. $ 224. 00 Quaking Aspen Trees ( 30 ) $ 37 . 00 ea. $ 1 , 110 . 00 Bike Racks ( 3 ) $130 . 00 ea. $ 390 . 00 Asphalt (drives/pkg ) 23 , 751 sq. ft . $ 1 . 00/sq. ft. $23 , 751 . 00 Garbage Enclosure ( 1 ) $250. 00 ea. $ 250 . 00 Retention Area ( 1/5th cost of total areas ) 346 cu. yd. $ 4 . 00/cu.yd. $ 1 , 384 . 00 Security Lights ( 7 ) $350 . 00 ea. $ 2 , 400 . 00 TOTAL ESTIMATED COST: $50 , 281 . 00 x 1 . 5 = _� -� $75 , 421 . 50 Approved by City Engineering Office : Date : "EXHIBIT B" ESTIMATED COST OF IMPROVEMENTS ----------------------------------------------------------------------------------------- PROJECT: Z-9207 - Major Site Plan allowing the construction of 16 ten-unit apartment structures at the northwest corner of Durston Road and N. 22nd Avenue, William B. Cole, III and Andrew Imperaiti , Developers PHASE 4 DEVELOPERS SIGNATURES: ----------------------------------------------------------------------------------------- ITEM SQ. FT. /LN. FT. COST/UNIT EST. COST PHASE 4 (THREE STRUCTURES SOUTH OF PHASE 2 ) Curb 207 ln. ft . $ 8 . 25/ln. ft . $ 1 , 708 . 00 Sidewalk 775 ln. ft. x 5 ' width = 3875 sqft. $ 1 . 90/sq. ft. $ 7 , 362 . 00 Landscaping, general 36 , 801 sq. ft. $ . 21/sq. ft. $ 7 , 728 . 00 ( sod, irrigation, grading) Colorado Spruce Trees ( 2 ) $175 . 00 ea. $ 350 . 00 Austrian Pine Trees ( 5 ) $150. 00 ea. $ 750 . 00 Patmore Ash Trees ( 9 ) $195 . 00 ea. $ 1 , 755 . 00 Schwedler Maple Trees ( 11 ) $ 49 .00 ea. $ 539.00 Cottonless Cottonwood ( 20 ) $ 38 . 00 ea. $ 760 . 00 Security Lights ( 11 ) $350 . 00 ea. $ 3 , 850 .00 Bike Racks ( 3 ) $130 .00 ea. $ 390 . 00 Asphalt (drives/pkg ) 11 , 495 sq. ft. $ 1 . 00/sq. ft. $11 , 495 . 00 Garbage Enclosure ( 1 ) $250 . 00 ea. $ 250.00 Retention Area ( 1/5th cost of total areas ) 346 cu. yd. $ 4 . 00/cu.yd. $ 1 , 384 . 00 Play Area ( swing, slide , bars ) $ 1 , 000 . 00 TOTAL ESTIMATED COST: $39, 321 .00 x 1 . 5 = ____7) --/___) $58 , 981 . 50 Approved by City Engineering Office: �C?� C /f/� ��' Date: /=?�� "EXHIBIT B" ESTIMATED COST OF IMPROVEMENTS ----------------------------------------------------------------------------------------- PROJECT: Z-9207 - Major Site Plan allowing the construction of 16 ten-unit apartment structures at the northwest corner of Durston Road and N. 22nd Avenue, William B. Cole, III and Andrew Imperaiti , Developers PHASE 3 DEVELOPERS SIGNATURES: ----------------------------------------------------------------------------------------- ITEM S .FT. /LN. FT. COST/UNIT EST. COST PHASE 3 (FOUR STRUCTURES SOUTH OF PHASE 1 ) Curb 934 ln. ft . $ 8 . 25/ln. ft. $ 7 , 705 . 00 Sidewalk 1 , 165 ln. ft . x 5 ' width = 5825 sgft . $ 1 . 90/sq. ft. $11 , 067 . 00 Landscaping , general 41 , 644 sq. ft. $ . 21/sq. ft. $ 8 , 745 . 00 ( sod, irrigation, grading) Colorado Spruce Trees ( 12 ) $175 . 00 ea. $ 3 , 150 . 00 Austrian Pine Trees ( 12 ) $150 . 00 ea. $ 2 , 100 . 00 Quaking Aspen Trees ( 23 ) $ 37 . 00 ea. $ 851 . 00 Sugar Maple Trees ( 11 ) $ 56 . 00 ea. $ 616 . 00 Patmore Ash Trees ( 14 ) $195 . 00 ea. $ 2 , 730 . 00 Schwedler Maple Trees ( 9 ) $ 49 . 00 ea. $ 441 . 00 Security Lights ( 9 ) $350 . 00 ea. $ 3 , 150 . 00 Bike Racks ( 4 ) $130 . 00 ea. $ 520 . 00 Asphalt (drives/pkg ) 35 , 123 sq. ft . $ 1 .00/sq. ft. $35 , 123 . 00 Garbage Enclosure ( 2 ) $250 . 00 ea. $ 500. 00 Retention Area ( 1/5th cost of total areas ) 346 cu.yd. $ 4 . 00/cu.yd. $ 1 , 384 . 00 Stop Sign ( 1 ) $ 35 . 00 ea. $ 35 . 00 TOTAL ESTIMATED COST: $78 , 117. 00 x 1 . 5 = - $117 , 175 . 50 Approved by City Engineering Office: ice' fC< ! __ Date: .> -`� "EXHIBIT B" ESTIMATED COST OF IMPROVEMENTS ----------------------------------------------------------------------------------------- PROJECT: Z-9207 - Major Site Plan allowing the construction of 16 ten-unit apartment structures at the northwest corner of Durston Road and N. 22nd Avenue, William B. Cole , III and Andrew Imperait/i , Developers PHASE 2 DEVELOPERS SIGNATURES: ----------------------------------------------------------------------------------------- ITEM SQ.FT. /LN. FT. COST/UNIT EST. COST PHASE 2 (THREE STRUCTURES NORTHWEST CORNER) Curb 389 ln. ft . $ 8 . 25/ln. ft. $ 3 , 209 . 00 Sidewalk 650 ln. ft. x 5 ' width = 3250 sqft . $ 1 . 90/sq. ft. $ 6 , 175 . 00 Landscaping, general 29 , 425 sq. ft . $ . 21/sq. ft. $ 6 , 179 . 00 ( sod, irrigation, grading ) Colorado Spruce Trees ( 2 ) $175 . 00 ea. $ 350 . 00 Austrian Pine Trees ( 8 ) $150 . 00 ea. $ 1 , 200 .00 Quaking Aspen Trees ( 12 ) $ 37 . 00 ea. $ 444 . 00 Sugar Maple Trees ( 4 ) $ 56 . 00 ea. $ 224 . 00 Patmore Ash Trees ( 7 ) $195 . 00 ea. $ 1 , 365 . 00 Schwedler Maple Trees ( 5 ) $ 49. 00 ea. $ 245 . 00 Cottonless Cottonwood Trees ( 20 ) $ 38. 00 ea. $ 760. 00 Security Lights ( 8 ) $350 . 00 ea. $ 2 , 800 . 00 Bike Racks ( 3 ) $130 .00 ea. $ 390 . 00 Asphalt (drives/pkg ) 20 , 150 sq. ft . $ 1 .00/sq. ft. $20 , 150 . 00 Garbage Enclosure ( 2 ) $250 . 00 ea. $ 500 . 00 Retention Area ( 1/5th cost of total areas ) 346 cu. yd. $ 4 . 00/cu.yd. $ 1 , 384 . 00 TOTAL ESTIMATED COST: $45 , 375 . 00 x 1 . 5 = J "�. $58 , 062 . 50 Approved by City Engineering Office: Date: "EXHIBIT B" ESTIMATED COST OF IMPROVEMENTS _ ------------------- ----------- PROJECT Z-9207 - Major Site Plan allowing the construction of 16 ten-unit apartment structures at the northwest corner of Durston Road and N. 22nd Avenue, William B. Cole, III and Andrew Imperaiti , Developers PHASE 1 DEVELOPERS SIGNATURES: _ ___ ---------------------- ------------------------------------- ITEM SQ FT /LN. FT COST/UNIT EST. COST PHASE i (THREE STRUCTURES NORTH CENTER) Curb 854 ln. ft . $ 8 . 25/ln. ft. $ 7 ,045 . 00 x 5' width = 4775 sqft. $ 1 . 90/sq. ft. $ 9, 072 . 00 Sidewalk ( internal ) 955 ln. ft. Sidewalk (Durston Road ) 391 ln. ft, x 5 ' width = 1955 sqft. $ 1 . 90/sq. ft . $ 7, 219.00 $ . 21/sq. ft. $ , 100 Landscaping , general 34 , 375 sq. ft. (sod, irrigation, grading ) $175 . 00 ea. $ 1 , 750 .00 Colorado Spruce Trees ( 10 ) $150 . 00 ea. $ 1 , 050 .00 Austrian Pine Trees ( 7 ) $195 . 00 ea. $ 2 , 925 . 00 Patmore Ash Trees ( 15 ) $ 343 . 00 56 Schwedler Maple Trees ( 7 ) $ . 00 ea. Sugar Maple Trees ( 9 ) $ . 00 ea. $ 504 . 00 $ 37 . 00 ea. $ 962 . 00 Quaking Aspen Trees ( 26 ) $130 . 00 ea. $ 390 . 00 Bike Racks Asphalt (drives/pkg ) 36 , 085 sq. ft. $ 1 . 00/sq. ft. $36 , 085 . 00 Asphalt (entire bike path) 1124 lnft x 4 ' wide = 4496 sqft $ . 75/sq. ft. $ 3 , 372 .00 Garbage Enclosure ( 1 ) $250. 00 ea. $ 250 . 00 Retention Area ( 1/5th cost of total areas ) 346 cu.yd. $ 4 .00/cu.yd. $ 1 , 384. 00 Stop Sign ( 1 ) $ 35 .00 ea. $ 35 . 00 No Parking/Emergency Access Sign ( 2 ) $ 25 . 00 ea. $ 50 . 00 Play Area ( swing , slide , bars ) $ 1 , 000 .00 Security Lights ( 5 ) $350 .00 ea. $ 1 , 750 . 00 TOTAL ESTIMATED COST: $54 , 371 . 00 $81 . 556 . 50 x 1 . 5 = Date Approved by City Engineering Office: % '�