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Home My WebLink About94- Oakwood Square IMPROVEMENTS AGREEMENT FOR OAKWOOD SQUARE THIS AGREEMENT is made and entered into this day of 1994 , by and between �r�� V��1,v�S_�_�, of , hereinafter called the "Develloper" , 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 development of two office/retail buildings on property legally described as Lot 4 , Festival. Square Minor Subdivision; arid 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 conditional approval of said Minor 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 Lot 4 , Festival Square Minor Subdivision, City of Bozeman, Gallatin County, Montana, and more commonly known as 2405 West Main Street- . 2. Im rovements This Agreement specifically includes landscaping, paving 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 prio.r• to the installation of all required on-site improvements , 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 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 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 19 Trails End Road, 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 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. 2 1 . The City 0s 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 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 i.n 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 bindi.ng upon, enure to the benefit of , and be enforceable by the parties hereto and their respective heirs , successors and assigns. STATE OF MONTANA ) : ss County of Gallatin On this ' ` day of _ 1994 , before me , a Notary P l.ic for . e tate of M tan , personally appeared jkll--Q�f I__. known to me to be the person who executed the foregoing Improvements Agreement , 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. Notary Public for State of Montana Residing at Bozeman Commission Expires :�� - THE CITY OF BOZEMAN Phillip J. Fo es Director of Public Service STATE OF MONTANA } : ss County of Gallatin ) 4Mon / n'a, On the � day of1994 , before me , a Notary Public for the State of 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. WITNESS WHEREOF, I have hereunto set my hand and affixed my seal on the day and year first written above . otary Public for. State of Montana Residing at Bozeman Commission Expires : 6/- 4 "EXHIBIT B" ESTIMATED COST OF IMPROVEMENTS OAKWOOD SQUARE 2405 WEST MAIN STREET ----------------------------------------------------------------------------------------- PROJECT: Z-9420 - ?Minor, Site Plan to ;_allow the development of two office/retail buildings on Lot 4 , Festival Square Minor. Subdivision DEVELOPER: West Main Ventures, Inc . ----------------------------------------------------------------------------------------- ITEM _ SQ.FT. /I.N . FT.,_. _ COST/UNIT EST . COST Asphalt parking 22 , 060 sq. ft. $ 1 . 00/sq. ft. $22 , 060 . 00 Sidewalk 6 , 775 sq . ft. $ 1 . 90/sq. ft . $12 , 872 . 00 Landscaping: Scotch Pine 13 $155 . 00 ea. $ 2 , 015 . 00 Schwedler Maple 20 $ 69 .00 ea. $ 1 , 380 . 00 Austrian Pine 6 $150 .00 ea. $ 900 . 00 Flowering Crab 6 $ 39 . 00 ea. $ 234 . 00 Quaking Aspen 33 $ 39 . 00 ea. $ 1 , 287 .00 Red Twig Dogwood 12 $ 12 . 00 ea. $ 144 . 00 Cotoneaster 95 $ 3 .00 ea. $ 285 . 00 Alpine Currant 51 $ 8 .00 ea. $ 408 . 00 Dwarf Mugo Pine 14 $ 35 .00 ea. $ 490 . 00 Potentilla 15 $ 9 . 00 ea. $ 135 . 00 (Grading , sod, irrigation) 36 , 956 sq. ft. $ 0 . 21 ea. $ 7 , 760 . 00 Signs (disabled) 2 $ 25 . 00 ea. $ 50 . 00 6" Concrete Curb 510 ln. ft. $ 8 . 25/ln. ft. $ 4 , 208 . 00 Security Lights 2 $250 . 00 ea. $ 500 . 00 Fixed benches 2 $200 . 00 ea. $ 400 . 00 Garbage Enclosure 1 $250 . 00 ea. $ 250 . 00 Bike Rack 2 $130 . 00 ea. $ 260 . 00 TOTAL ESTIMATED COST $55 , 638 .00 x 1 . 5 = $83 , 457 . 00