HomeMy WebLinkAbout92- IA for MSU Alumni Foundation Center-1500 South 11th Avenue IMPROVEMENTS AGREEMENT
FOR
M. S .U. ALUMNI FOUNDATION CENTER - 1500 SOUTH 11TH AVENUE
This AGREEMENT is made and entered into this �— dap of
,-'ree,Oveab:hecto►- _
1992 , by and between Clifford M. Shipp, cat ,
M. S .U. Alumni, Foundation, Inc , , 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 the Conditional Use Permit
application and Site Plan Review to construct a two-story Alumni
Foundation Center on the property in question;
WHEREAS , it is the intent and purpose of the Developer to obtain
Final Site Plan Approval ;
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 Site Plan approval of said
Minor Site Plan Review.
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 a being:
Tract A and Tract B of Tract 2 , Certificate of
Survey No . 1128 , located in the Southwest One-
Quarter of Section 13 , Township 2 South, Range 5
East , M. P.M. , Gallatin County, Montana.
2 . Improvements
This Agreement specifically includes the installation of
pavement, curb, landscaping , site surface drainage, and other
improvements as illustrated on the plans and specifications hereto
1
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" .
3 . Financial Guarantee , Time for Completion of Improvements
If occupancy of any structure is to occur prior to installa-
tion of the improvements , it must be secured by the 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 .
In any event, all required improvements on the site as
delineated on Exhibit "A" , which is attached and made a part of
this Agreement , shall be completed within nine ( 9 ) months of
occupancy of any structure .
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 ( 5 ) days after
written notice specifying the default is deposited in the United
States mails addressed to the Developer at
, 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 :
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
2
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. All landscaped areas
required by this Agreement shall be permanently maintained by the
Developer pursuant to section 18 . 50 . 100(G) of the Bozeman Area
Zoning Code .
7 . Governing Law
This Agreement shall be construed according to the laws of the
State of Montana.
8 . Modification or Alterations
No modifications or amendment of this Agreement shall 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.
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 .
3
DE ELOPER
if A d . S h i p p, 6 9 j4-& T ;mcvj,ve-
M. .U. Aadt5ft. Foundation, Inc . Dihc°C�°i�
�l
ri
STATE OF MONTANA )
: ss
County of Gallatin )
On this Imo , day of , 1992 , before me, a
Notary Public for the State oV Montana, personally appeared
Clifford M. Shipp known to me to be the person whose name is
subscribed to the within instrument and acknowledged to me that he
executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
Notarial Seal the day and year first above written.
N tary Public for the State
of Montana
Residing : G
Commission Ex Tres : 7 ! 2 3
(Notarial Seal )
THE CITY OF BOZEMAN
Phillip J . orbes
Director of Public Service
STATE OF MONTANA )
: ss
County of Gallatin }
On the day of , 1992 , 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.
-- dvtc C-ate'
Notary Public for the State
of Montana
Residing : Bozeman, Montana
Commission expires : /-'lob '9S
4