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HomeMy WebLinkAbout15- Legends at Bridger Creek II, Phase III Major Subdivision Open Space Improvements J-571 Send Original to: City of Bozeman Department of Community Development P.O.Box 1230 PLATTED Bozeman,MT 59771 2527408 Page: 1 of 9 10/13/2015 01:09:08 PM Fee: $63.00 Charlotte Mills - Gallatin County, MT IMP 111111I 111111 III 11111111111111111 IN 1111111111111111111111111111111111111111111111111111 IMPROVEMENTS AGREEMENT FOR LEGENDS AT BRIDGER CREEK II, PHASE III- MAJOR SUBDIVISION (OPEN SPACE IMPROVEMENTS) This AGREEMENT is made and entered into this day of c . � , 2015, by and between LEGENDS AT BRIDGER CREEK I1, PHASE III, hereinafter called the "Subdivider", and the CITY OF BOZEMAN, a municipal corporation r and political subdivision of the State of Montana, with offices at City Hall, 121 North Rouse i Avenue, P.O. Box 1230, Bozeman, MT 59771-1230, hereinafter called the "City". G WHEREAS, it is the intent and purpose of the Subdivider to meet the conditions of preliminary plat approval, Planning Application No. P-14022, for the Final Plat application of Legends at Bridger Creek II, Phase III, Major Subdivision, P14022 , to subdivide 25.05± acres together and create fifty-one (51) single-household residential lots, and the remaining area as open space, public streets and alleyways; and WHEREAS, it is the intent and purpose of the Subdivider to obtain Final Plat approval for Legends at Bridger Creek II,Phase III, 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 Legends at Bridger Creels II,Phase III Major Subdivision,—Open Space Improvements Agreement I Agreement, and of the parties hereto, to satisfy the improvements guarantee requirements for the Final Plat approval of Legends at Bridger Creek II, Phase Ill. 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: LEGAL DESCRIPTION LEGENDS AT BRIDGER CREEK II, PHASE (OPEN SPACE LANDSCAPING IMPROVEMENTS) A tract of land being Lot 69, Lot 70, and Lot R of The Legends at Bridger Creek II Subdivision Phase II, Plat J-516, situated in Section 32, Township 1 South, Range 6 East, Principal Meridian, City of Bozeman, Gallatin County, Montana. I 2. Improvements This Agreement specifically includes the following improvements for Phase III: a) Park and Open Space Landscaping/Irrigation. The Estimated Cost of said improvements has been estimated by Morrison- _ Maierle,Inc, 2880 Technology Blvd West,Bozeman, MT 59718, at fifty thousand,four hundred seventy eight and fifty cents($50,478.50) 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 Final Plat prior to completion of all required subdivision improvements. Therefore, this Agreement shall be secured by irrevocable standby Letter of Credit No. 1245 for an amount not to exceed $75,717.75 issued by Legends at Bridger Creek II,Phase III Major Subdivision,—Open Space Improvements Agreement 2 First Interstate Bank— 101 E. Front Missoula MT 59806 acceptable to the City of Bozeman, which is one hundred and fifty (150)percent of the Estimated Cost of said improvements. The Subdivider hereby agrees that the following subdivision related improvements shall be installed and completed not later than one (1) year of the filing of the final subdivision plat for Legends at Bridger Creek II, Phase III. open space improvements in order to avoid default on the method of security. 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 Legends at Bridger Creek II, Phase III. 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 Legends at Bridger Creek II,Phase III Major Subdivision,—Open Space Improvements Agreement 3 specifying the default is deposited in the United States mail addressed to the Subdivider at Guinness Partners, Inc. 101 East Front — Suite 304, Missoula, Mt 59802, 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 terns 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. Legends at Bridger Creek II,Phase III Major Subdivision,—Open Space Improvements Agreement 4 8. Warran The Subdivider shall warrant against defects of all improvements and that these improvements are made in a good and worlman-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. 9. Governing Law 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. Legends at Bridger Creek II,Phase III Major Subdivision,—Open Space Improvements Agreement 5 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 Clerk and Recorder at the within 10 business days of the signature of the Community Development Director. Legends at Bridger Creek H,Phase III Major Subdivision,—Open Space Improvements Agreement 6 SUBDIVIDERS BY: James P. McLeod, President, Guinness Partners, Inc. STATE OF MONTANA ) :ss County of Gallatin ) On this day of C- , 2015, before me, the undersigned, a Notary Public for the State of Montana, personally appeared Jim Mcleod, known to me to be a President of Guinness Partners, Inc. the entity that executed the within instrument, and acknowledged to me that they executed the same for and on behalf of said Subdivider. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. ,o uuwwwi, � i TAMARA L.FISTER i�' NOTARY PUBLIC for the * NOTARIAL* State of Montana SEAL j Residing at Missoula,Montana My Commission Expires (Printed Name Mere) A Z. # s•., � f filge Joiy 01,20» Notary Public for the State of Montana Residing at [ My Commission Expires: , 7 (Use 4 digits for expiration year Legends at Bridger Creek II,Phase III Major Subdivision,—Open Space Improvements Agreement 7 THE CITY OF BOZEMAN BY: WENDY THOMAS, COMMUNITY DEVELOPMENT DIRECTOR CITY OF BOZEMAN STATE OF MONTANA ) :ss County of Gallatin ) On the C�h day of � , 2015, before me, a Notary Public for the State of Montana, personally appeared Wendy Thomas, known to me to be the person described in and who executed the foregoing instrument as Community Development Director of the City of Bozeman, whose name 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. (SEAL) E �GN wEN ALICIA KENNEDY NOTARY PUBLIC for the (Printed Name Here Q �a ` �-+ ' STATE OF MONTANA Notary Public for th e of Montana SEAL N,. ,'Q° Residing at Bozeman,Montana ' of Mo 5 My Commieslon Expires Residing at Au®ust oa,201g My Commission Expires: '18 y - 0-,0 1 CA (Use 4 digits for expiration year) Legends at Bridger Creek II,Phase III Major Subdivision,—Open Space Improvements Agreement 8 LEGENDS AT BRIDGER CREEK SUBDIVISION II - Phase III , Improvements Agreement Estimate - EXHIBIT "A" OWNER'S NAME AND ADDRESS: Guinness Partners, Inc. 430 N. Ryman,2nd Floor Missoula, Mt 59802 N/3959/010/Design Docs/Platting/Legends II - PHIII- Final Plat/Phase III- IA Estimate100715.xls Improvements Agreement Estimate CONTRACT AMOUNT ITEM ESTIMATED NO. DESCRIPTION QUANTITY UNIT UNIT PRICE AMOUNT 101 Concrete Sidewalk Located in front of Open Space) 0 SF $4.75 $0.00 102 Restroom Facility 0 LS $37,714.00 $0.00 103 Restroom Faciltiy Install 0 LS $1,350.00 $0.00 104 Concrete Pedistrian Rams 0 EA $1,200.00 $0.00 105 Mid-Block Concrete Pedistrian Rams 0 EA $1,100.00 $0.00 106 Park and Open Space Landscaping/Irrigation 1 1 LS 1 $50,478.501 $50,478.50 Sub-Total of IA Estimate $50,478.50 TOTAL AMOUNT OF IA ESTIMATE_ $50,478.50 LOC- 150% TOTAL COST= $75,717.75 Total Amount of LOC= $75,717.75 '?_ it Page 1 of 1 t