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HomeMy WebLinkAbout14- Amended Plats of Valley West Subdivision J-422—A — J-435—B — J-463—B Send Original to City of Bozeman Planning Department P.O.Box 1230 2497987 Bozeman,i�LT 59771 jo CharlottelMills -�Gallatin4County,1MTPM Fee $IMP 11111111111111III0IIIIIIIIVII1111E111111111111011111II1(111111111141IN IMP IMPROVEMENTS AGREEMENT FOR THE AMENDED PLATS OF: LOT 1 OF THE FINAL PLAT OF VALLEY WEST SUBDIVISION PHASE 3B LOTS 8,9& 16 OF THE CORRECTED PLAT OF VALLEY WEST SUBDIVISION PHASE 3C LOTS 22-26 OF THE PLAT OF VALLEY WEST SUBDIVISION PHASE 3D This AGREEMENT is made and entered into thisZ_�Jay of 2014, by and between VALLEY WEST HOLDINGS, LLC, hereinafter called the "Subdivider", and the CITY OF BOZEMAN, a municipal corporation and political subdivision of the State of Montana,with offices at City Hall, 121 North Rouse Avenue,P.O.Box 1230,Bozeman,MT 59771-1230,hereinafter called the "City" WHEREAS, it is the intent and purpose of the Subdivider to meet the conditions of preliminary plat approval, Planning Application No. P-14018, for the Amended PIat applications of 1) LOT 1 OF THE FINAL PLAT OF VALLEY WEST SUBDIVISION PHASE 3B,subdividing 0.45±acres together and creating four (4) single-household residential lots; 2) LOTS 8, 9 & 16 OF THE CORRECTED PLAT OF VALLEY WEST SUBDIVISION PHASE 3C, subdividing 1.29± acres together and creating twelve (12) single-household residential tots; 3) LOTS 22-26 OF THE PLAT OF VALLEY WEST SUBDIVISION PHASE 3D, subdividing 1.73± acres together and creating fourteen (14) single- household residential lots. Amended Plats of Valley West Subdivision Phases 313,3C&3D—Improvements Agreement 1 WHEREAS, it is the intent and purpose of the Subdivider to obtain Amended Plat approvals for 1)LOT 1 OF THE FINAL PLAT OF VALLEY WEST SUBDIVISION PHASE 3B;2)LOTS 8, 9& 16 OF THE CORRECTED PLAT OF VALLEY WEST SUBDIVISION PHASE 3C; 3) LOTS 22-26 OF THE PLAT OF VALLEY WEST SUBDIVISION PHASE 31); and WHEREAS, it is the intent of the Subdivider to file the Amended Plats for I) LOT 1 OF THE FINAL PLAT OF VALLEY WEST SUBDIVISION PHASE 3B; 2) LOTS 8, 9 & 16 OF THE CORRECTED PLAT OF VALLEY WEST SUBDIVISION PHASE 3C; 3) LOTS 22-26 OF THE PLAT OF VALLEY WEST SUBDIVISION PHASE 3D, prior to the installation of all required subdivision improvements;and WHEREAS, it is the intent and purpose of both the Subdivider and the City to hereby enter into an Agreement which will guarantee the full and satisfactory completion of the required improvements related with 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 Amended Plat approvals of 1) LOT I OF THE FINAL PLAT OF VALLEY WEST SUBDIVISION PHASE 3B;2)LOTS 8, 9& 16 OF THE CORRECTED PLAT OF VALLEY WEST SUBDIVISION PHASE 3C; 3) LOTS 22-26 OF THE PLAT OF VALLEY WEST SUBDIVISION PHASE 3D. 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 being: Four tracts of land located in Section 10,Township 2 South,Range 5 East,P.M.,Gallatin County,City of Bozeman,Montana being more particularly described as follows: Amended Plat of Lot 1 of the Final Plat of Valley West Subdivision Phase 3B A tract of land being Lot 1 of Valley West Subdivision Phase 3B,situated in the NW'/n Section 10,T2S, R5E,Principal Meridian,City of Bozeman, Gallatin County,Montana, and being more particularly described as follows: Amended Plats of Valley West Subdivision Phases 311,3C&3D—Improvements Agreement 2 Commencing at the northwest corner of Section 10;thence S I°24'26"E a distance of 2055.75 feet to the southwest corner of Lot 2 of Valley West Subdivision Phase 3B,the true Point of Beginning: Thence along the south line of said Lot 2, S89°51'58"E a distance of 130.58 feet to the west right-of-way line of Alley; Thence along said west right-of-way,SO°08'02"W a distance of 150.00 feet; Thence N89°51'58"W a distance of 133.12 feet to the east line of Open Space 3; Thence along said east line, Nl°06'05"E a distance of 150.02 feet to the true Point of Beginning. Said tract contains 0.45 acres,more or less,and is subject to all existing easements,whether of record or apparent on the ground. Amended Plat of Lots S,9&16 of the Corrected Plat of Valley West Subdivision Phase 3C A tract(s)of land being Lots 8 and 9 of the Corrected Plat of Valley West Subdivision Phase 3C,situated in the NW 1/4 Section 10,12S,RSE,Principal Meridian,City of Bozeman,Gallatin County,Montana,and being more particularly described as follows: Commencing at the west one-quarter corner of Sections 9& 10;thence N7°23'59"E a distance of 821.53 feet to the intersection of the north right-of-way line of Cascade Street and east line of Open Space 2,the true Point of Beginning: Thence along east line of said Open Space 2,N1°06'05"E a distance of 303.94 feet to a point which is S 1 106'05"W a distance of 212.37 feet from the southwest corner of Lot 16 Valley West Subdivision Phase 3C; Thence S89°51'58"E a distance of 121.90 feet to the west right-of-way line of Alley; Thence along said west right-of-way SO°08'02"W a distance of 303.89 feet to the north right-of-way line of Cascade Street; Thence along said north line,N89052'13"W a distance of 127.04 feet to the true Point of Beginning. Said tract(s)contain(s)0.87 acres,more or less,and are subject to all existing easements,whether of record or apparent on the ground. A tract of land being Lot 16 of the Corrected Plat of Valley West Subdivision Phase 3C,commencing at the northwest corner of Section 10;thence S3°16'27"E a distance of 1178.48 feet to the intersection of the south right-of-way line of Waters Street and east line of Open Space 2,the true Point of Beginning: Thence along south right-of-way of Waters Street,S88053'55"E a distance of 121.36 feet to the west right-of-way line of Alley; Thence along said west right-of-way S 1°06'05"W a distance of 152.37 feet to the northeast corner of Lot 15 Valley West Subdivision Phase 3C; Thence along the north line of said Lot 15,N88053'55"W a distance of 121.36 feet to the east line of Open Space 2 to a point which is NI006'05"E a distance of 212.37 feet from the northwest corner of Lot 9 Valley West Subdivision Phase 3C; Thence along east line of said Open Space 2,N1°06'05"E a distance of 152.37 feet to the true Point of Beginning. Said tract contains 0.42 acres,more or less,and is subject to all existing easements,whether of record or apparent on the ground. Amended Plat of Lots 22-26 of the Plat of Valley West Subdivision Phase 3D A tract of land being Lots 22,23,24,25,and 26 of Valley West Subdivision Phase 3D,situated in the NW 1/Section 10,T2S,RSE,Principal Meridian,City of Bozeman,Gallatin County,Montana,and being more particularly described as follows: Amended Plats of Valley West Subdivision Phases 3B,3C&c 3D—Improvements Agreement 3 Commencing at the one-quarter corner between Sections 9 & 10;thence N4°27'43"E a distance of 1547.81 feet to the intersection of the north right-of-way Iine of Waters Street and east line of Open Space 1,the true Point of Beginning: Thence along east line of said Open Space 1,N1°06'05"E a distance of 621.12 feet;Thence S88°53'55"E a distance of 121.36 feet to the west right-of-way line of Alley;Thence along said west right-of-way S 1°06'05"W a distance of 621.12 feet to the north right-of-way line of Waters Street;Thence along said north line,N88°53'55"W a distance of 121.36 feet to the true Point of Beginning. Said tract contains 1.73 acres,more or less, and are subject to all existing easements,whether of record or apparent on the ground. 2. Improvements This Agreement specifically includes the following improvements for all Amended Plat Phases: a) sidewalks located within public pedestrian access easements and,b) single family lot frontage public boulevard sidewalks. The Estimated Cost of said improvements has been estimated by Morrison- Maierle,Inc, 2880 Technology Blvd West, Bozeman,MT 59718, at Thirty Seven Thousand, Six Hundred Eighty Seven Dollars and Fifty Cents ($37,687.50) and is attached and made a part of this Agreement, as Exhibit"A". 3. Financial Guarantee,Time for Completion of Improvements,Additional restrictions It is the Subdivider's intent with this Agreement to file the Amended Plats prior to completion of all required subdivision improvements. Therefore, this Agreement shall be secured by a financial guarantee in the form of a financial guarantee acceptable to the City of Bozeman, which is one hundred and fifty(150)percent of the Estimated Cost of said improvements. The financial guarantee shall be in full force and effective until the work is completed by the Subdivider and accepted by the City of Bozeman. Said financial guarantee shall be automatically renewed or extended at a minimum thirty (30) days prior to the expiration date if all required subdivision improvements are not installed at that time. All public sidewalks for individual subdivision lots shall be installed and completed with issuance of a building permit and prior to issuance of an occupancy permit or within three(3)years of the filing of the Amended Plats for 1) LOT I OF THE FINAL PLAT OF VALLEY WEST Amended Plats of Valley West Subdivision Phases 313,3C &31)—Improvements Agreement 4 SUBDIVISION PHASE 3B; 2) LOTS 8, 9 & 16 OF THE CORRECTED PLAT OF VALLEY WEST SUBDIVISION PHASE 3C; 3) LOTS 22-26 OF THE PLAT OF VALLEY WEST SUBDIVISION PHASE 3D whichever comes first, in order to avoid default on the method/oJf �s/ecurity. The financial guarantee is in the form of a L -e✓V C� '� red'+ T issued by Avvk-p-Y- Icca,- l; in the amount of $56,531.25, No. I -T — DU S dated OCto62\r 7 ad / T The Subdivider agrees that no delegation of performance required by this agreement shall relieve the Subdivider of any duty to perform or any liability for the breach of that duty to complete said subdivision improvements required for the Amended Plats of 1) LOT 1 OF THE FINAL PLAT OF VALLEY WEST SUBDIVISION PHASE 3B; 2) LOTS 8, 9 & 16 OF THE CORRECTED PLAT OF VALLEY WEST SUBDIVISION PHASE 3C; 3) LOTS 22-26 OF THE PLAT OF VALLEY WEST SUBDIVISION PHASE 3D. Upon submission of fully documented invoices for the work performed,said work to be inspected and certified for payment by Subdivider's professional engineers and the City of Bozeman and or its agents as necessary, the City of Bozeman may release a portion of the letter of credit for the work completed by the referenced invoices. 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 Subdivider is in compliance with this Agreement, and the Subdivider 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 Subdivider 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 Subdivider at Valley West Holdings, LLC, 1800 Amended Plats of Valley West Subdivision Phases 3B,3C&3D-Improvements Agreement 5 Second Street, Suite 806, Sarasota, FL 34236-5987 , or such other address as the Subdivider 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. 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. In the event that any funds remain from the financial guarantee upon completion of all improvements, such funds shall be promptly returned to the Subdivider. B) The City may enforce any other remedy provided by law. 6. Indemnification The Subdivider hereby expressly agrees to indemnify and hold the City harmless for and against all claims, costs and liability of every kind and nature, for injury or damage received or sustained by any person or entity in connection with, or on account of the performance of work at the development site and elsewhere pursuant to this Agreement. Subdivider further agrees to aid and defend the City in the event that it is named as a defendant in an action concerning the performance of work pursuant to this Agreement except where such suit is brought by the Subdivider. The Subdivider is not an agent or employee of the City. 7. Attorney Fees In the event it becomes necessary for either party to this Agreement to retain an attorney to enforce any of the terms or conditions of this Agreement, then the prevailing party shall be entitled to reasonable attorney's fees and costs, including fees, salary, and costs of in-house counsel including City Attorney. 8. Warranty The Subdivider shall warrant against defects of all improvements and that these improvements are made in a good and workman-like manner for a period of two (2) years from the date of their written acceptance by the governing body. All landscaped areas required by this Agreement shall be permanently maintained by the Subdivider pursuant to section 38.26.100 of the Bozeman Zoning Code. Amended Plats of Valley West Subdivision Phases 3B,3C&3D—Improvements Agreement 6 9. Governing Law t This Agreement shall be construed according to the laws of the State of Montana. In the event of litigation concerning this Agreement, venue is in the Eighteenth Judicial District Court, Gallatin County, State of Montana. 10. Modification or Alterations No modifications or amendment of this Agreement shall be valid, unless evidenced by a writing signed by the parties hereto. 11. 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. 12. No Assignment It is expressly agreed that the Subdivider shall not assign this Agreement in whole, or in part, without prior written consent to City. 13. Successors Except as provided in paragraph twelve(12),this Agreement shall be binding upon,ensure to the benefit of,and be enforceable by the parties hereto and their respective heirs,successors and assigns. 14. Filing The Subdivider shall have this Agreement recorded in the Office of the Gallatin County CIerk and Recorder at the same time the Amended Plats for 1)LOT I OF THE FINAL PLAT OF VALLEY WEST SUBDIVISION PHASE 3B;2) LOTS 8, 9 & 16 OF THE CORRECTED PLAT OF VALLEY WEST SUBDIVISION PHASE 3C; 3) LOTS 22-26 OF THE PLAT OF VALLEY WEST SUBDIVISION PHASE 3D are filed. Amended Plats of Valley West Subdivision Phases 311,3C&3D-Improvements Agreement 7 SUBDIVIDER Ve4 1 W � 1 �. s D, BY: Thomas Brown, Cis STATE OF MONTANA ) :ss County of Gallatin ) On this -+k day of �c�o�,e_r 2014, before me a Notary Public of the State of Montana, personally appeared Thomas Brown,,,known to me to be the person that executed the foregoing Improvements Agreement, and acknowl dged to me that they executed the same for and on behalf of said Subdivider. V - Wjeb' `-�.l�" LLC 6-1 I'�c . IN WITNESS WHEREOF,I have hereunto set my hand and affixed my Notarial Seal the day and year / first above written. - (SEAL) `;,OPEN STg9.,; JEREN STARR (Printed Name Here) 9 . Notary Public NOT^fl�gi. =_for the State of Montana Notary Public for the State of Montana N .S F:,11, Residing at: Residing at�,7 Bozeman, Montana My Commission Expires:_ /o/cl! ei-1 9 Of M MY Commission Expires: (Use 4 digits for expiration year) October0l,2017 Amended Plats of Valley West Subdivision Phases 313,3C &3D—Improvements Agreement 8 THE CITY OF BOZEMAN BY: DIRECTOR OF COIVMIUNITY DEVELOPMENT CITY OF BOZEMAN STATE OF MONTANA ) :ss County of Gallatin ) On the [D day of I�QlMbM 2014, before me, a Notary Public for the State of Montana, personally appeared Wfl)MA known to me to be the person described in and who executed the foregoing instrument as Director of Community Development for the City of Bozeman, whose naive is subscribed to the within instrument and acknowledged to me that she 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. RI NE MAINES Y l► 11J��,V�J �rJ��PANE h:qi Notary of�M State ontana ti . 1� for the4(Prnted Name HereR siding at: ) Montana geigrade, Notary Public for theA tate of Montana My Commission Expires: 2016 Residing at `f qT�OF�C�` ,7uly 22, My Corrunission xpires: (Use 4 digits for expiration year) Amended Plats of Valley West Subdivision Phases 313,3C&3D-Improvements Agreement 9 EXHIBIT"A" ESTIMATED COST FOR IMPROVEMENTS ------------------------------------------------------------------------------------------------------------------------------- Date• Project: Infrastructure Improvements Associated with the Amended Plats of Valley West Subdivision Phases 3B, 3C and 3D. I 1 Developer: Thomas Brown. ------------------ ------------------------------------------------------------ Improvement. Sc.Ft./Ln.Ft Estimated Cost Public Sidewalks (Concrete,4"depth) 8,375 SF @ $4.50/SF $37,687.50 Total= $37,687.50 x 1.5= $56,531.25 All improvements will be completed in accordance with approved plans and specifications. Approved by City Engineer's Office Date Amended Plats of Valley West Subdivision Phases 311,3C&3D—Improvements Agreement 10