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Home My WebLink About95- Yellowstone Traditions Renovation IMPROVEMENTS AGREEMENT FOR YELLOWSTONE TRADITIONS RENOVATION 34290 EAST FRONTAGE ROAD THIS AGREEMENT is made and entered into this 2-0 xWth day of March, 1995, by and between Line Camp Incorporated, P.O. Box 1933, Bozeman, MT 59771-1933, 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 of the Developer to obtain Final Site Plan approval for renovations to an existing building with associated improvements including parking and Iandscaping; 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 property which is designated and identified as Lots 6 & 7, Bear Creek Subdivision [ NW 1/4, SW 1/4, Section 14, T2S, R6E, P.M.M. ] and is more commonly known as 34290 East Frontage Road. 2. Improvements This Agreement specifically includes improvements as illustrated on the Final Site Plan filed at the City-County Planning Office in file #Z-9510. The estimated cost of said improvements is attached and made a part of this Agreement, as "Exhibit A". 3. Financial Guarantee Time for Completion of Improvements If occupancy of the structure is to occur prior to the installation of all required 1 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 deemed acceptable by the City and may include one or more of the following: Letter of Credit Issued by an Accredited Financial Institution, Cashier's Check or Certificate of Deposit. Said method of security shall be valid for a period of not less than eighteen (18) months. In any event, all required improvements shall be completed within nine (9) months of occupancy 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 shall. default in or fail to fully perform any of its obligations in conformance with the time schedule under this Agreement, and any 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 P.O. Box 1933, Bozeman, MT 59771-1933, 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. 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 to do so. 2 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. 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 in 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 from the 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. LINE CAMP, INCORPORATED _- �� Dennis J. Derham, fresident LINE CAMP, INCORPORATED BY: liU STATE OF MONTANA arry Howard, Vice President ) :ss County of ) 3 On this /& rd/th day of March, 1995, before me, a Notary Public for the State of Montana, personally appeared R. Chuck Shinabarger, CPA, known to me to be the Secretary of Line Camp Inc., acting legally under power of attorney on behalf of Dennis J. Derham, President of Line Camp Inc., the corporation who executed the foregoing Improvements Agreement, and acknowledged to me that he executed the same for and on behalf of said corporation. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. Notary Public for the SUte of Montana Resitting at Bozeman Commission Expires: ( 26, STATE OF MONTANA ) :ss County of ) On this 1�o rd/th day of March, 1995, before me, a Notary Public for the State of Montana, personally appeared Harry Howard, known to me to be Vice President of Line Camp, Inc., the corporation who executed the foregoing Improvements Agreement, and acknowledged to me that he executed the same for and on behalf of said corporation. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. q AA_11_)0, � A�n Notary Public for the State f Montana Residing at Bozeman Commission Expires: STATE OF MONTANA ) :ss County of ) CITY OF BOZEMAN BY: Phillip J. Forbes On this, -day of March, 1995, 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 y ar first written above. ---"--"Notary Public for the State of Montana Residing at Bozeman Commission Expires:_f 4 "EXHIBIT A" ESTIMATED COST OF IMPROVEMENTS YELLOWSTONE TRADITIONS 34290 EAST FRONTAGE ROAD PROJECT: #Z9510 MINOR SITE PLAN APPROVAL FOR THE RENOVATION OF A "LIGHT MANUFACTURING" FACILITY. DEVELOPER: LINE CAMP INCORPORATED ITEM SQ.FT./LN.FT./QNTY. COST/UNIT EST COST. Asphalt paving 10,951 sq. ft. $ 1.25/sq.ft. $ 13,689.00 Concrete flat work 0 sq. ft. $ 2.50/sq.ft. $ 00.00 Landscaping: Large Canopy 9 $ 120.00/ea. $ 1,080.00 Evergreen Trees 22 $ 245.00/ea. $ 5,390.00 Small Trees 5 $ 79.00/ea. $ 395.00 Shrubs 58 $ 35.00/ea. $ 2,030.00 Installation of trees and shrubs (50% cost of plants) $ 4,447.50 (grading, sod, irrigation) 12,590 sq. ft. $ 0.21/sq. ft. $ 2,643.90 Signs (Disabled) 1 $ 25.00/ea. $ 25.00 6" Concrete Curb 270 In. ft. $ 10.00/ft. $ 2,700.00 Refuse Enclosure 1 $ 250.00/ea. $ 250.00 Bike Rack 1 $ 130.00/ea. $ 130.00 TOTAL ESTIMATED COST $ 32,780.40 x 1.5 = $ 49,170.60