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HomeMy WebLinkAbout92- IA for Craig H. Zakovi, 417 North Plum Avenue IMPROVEMENTS AGREEMENT FOR CRAIG H . ZAkOVI 41. 7 NORTH PLUM AVENUE THIS AGREEMENT is made and entered into this day of i 1992 , by and between Craig H . Zakovi , 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 a Minor Site Plan application to allow the construction of an addition to the existing structure on the property in question; and WHEREAS , it is the intent of the Developer to obtain Final Site Plan approval ; 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 Site Plan approval of said Mirior 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 4 , 5 , 6 and 7 , Block 51 , Northern Pacific Addition , City of Bozeman, Montana, and more commonly described as 417 North Plum Avenue , Bozeman, Montana. 2 . Improvements This Agreement specifically includes the definition of parking areas and other improvements as illust.rated on the plans and specifications hereto attached and made a part of this Agreement, as "E-Khibit. A" . The estimated cost of said improvements is ati.arhed and made a part of this agreement , as "Exhibit B" . I 3 . Financial Guarantee , Time for Completion of Improvements If commencement of the use or occupancy of any of the proposed buildings is to occur prior to the installation of all improvements , the Improvements Agreement must be secured by a financial guarantee , as may be deemed acceptable by the City, parable 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 this time. Said method of security shall be valid for a period of not less than twelve ( 12 ) months . 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 he 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 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 sliall 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 417 North Plum Avenue , Bozeman, MT 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 foLlowi_ng specified remedies : � ) The City may , at its option, declare the financial guarantee to be forfeited and secure the complete cons t.ruction and inspection of the improvements described herein . 2 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 i.mnrovements 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 ]. J . Successors Except as provided in paragraph 10 , this Agee er t shall be binding upon , enure to the benefit. of , and be enf . ce ble by the parties hereto and their respective heirs , succes. ors and assigns . 00,0 Zakovi STATE. OF MONTANA ) : ss County of Gallatin ) On this � day of 1992 , before me , a Notary Public for the State of Montana, _ Craig H . Zakovi , known to me to be the person who executed the foregoing Improvements Agreement/ • x - 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 . notary Public for State of Montana Residing a Commission Expi ( SEAL ) THE CITY OF BOZEMAN J Phillip J F rbes Director of Public Service STATE OF MONTANA 1 : ss County of Gallatin ) On the IcQYA✓day of _ _ , 1992 , before me , a Notary Public for the State of Montan , 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 subscri.bed 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 . A0tary:APubIi'c- ' f' • State of Montana Residing at \,ommission Expire.. : I -1a 5 ; SEAL ) 4