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Home My WebLink About15- MT Larkspur, 1236 North 14th Ave Return To. Security Title Company P.O. Box 6550 Bozeman, MT 59771-6550 Return t . City o ozeman Accommodation Recording onigy City lerk STC# C_a P Box 1230 ozeman MT 59771-1230 2533183 Page: i of $ 12/16/2015 04:33:26 PM Feu: $4gISC 41rid,11111 Mills - Gallatin County MT 11111111111111111111111111111i11111101111111i 111111111 lull 11111111 AGREEMENT FOR THE PAYMENT OF DEFERRED IMPACT FEES AND NOTICE OF INTENT TO LIEN THIS AGREEMENT is made and entered into this _ day of 2015, by and between MT LARKSPUR LLLP, 520 Pike Street, Suite 1010, Seattle, WA 98101 hereinafter called the "Obligor," and the City of Bozeman, 121 North Rouse Avenue, Bozeman MT 59715, a Municipal Corporation of the State of Montana,hereinafter called the"City." WHEREAS, it is the intent and purpose of the Obligor to meet the requirements of Commission Resolution #4433 to allow the issuance of building permit 15-23024 prior to payment of transportation impact fees required by 2.06.1640 BMC on property located at 1236 North 10 Avenue and legally described as Lots 2-5, Block 5, Oak Meadows Subdivision, City of Bozeman, Gallatin County,Montana. WHEREAS, it is the intent of the Obligor to defer payment of transportation impact fees until occupancy for the construction authorized under building permit 15-23024; and WHEREAS, it is the intent and purpose of both the Obligor and the City to hereby enter into an Agreement which will guarantee the fill and satisfactory completion of the required payment; and it is the intent of this Agreement, and of the parties hereto, to satisfy the requirements of the municipal code and Commission Resolution#4433. 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 1236 North 141h Avenue and legally described as Lots 2-5, Block 5, Oak Meadows Page 1 of 6 4 .`:.: :'. ;A X�cmerit fptr:Pa: tnet ofDeferxgd Im act'`Fees and Notice of Intentto Subdivision„ City of Bozeman, Gallatin County,Montana. 2. Payment of Deferred Impact Fees This Agreement specifically includes the payment of transportation impact fees calculated for building permit 15-23024 in the amount of $91,574.74 (Ninety-One Thousand Five Hundred Seventy-Four dollars and Seventy-Four cents). Obligor acknowledges that the above impact fee must be paid in full before the Certificate of Occupancy may be issued. Obligor agrees to pay the above stated fee in accordance with this agreement and Commission Resolution#4433 before the structure(s) identified in the building permit referenced above is occupied. 3. Guarantee,Time for Completion of Agreement No occupancy of the structure, either temporary or permanent prior to full payment of the deferred transportation impact fee and completion of this agreement. This agreement constitutes a Notice of Intent to Lien against the property in the event that the deferred impact fees are not paid. Should the fees not be paid the City may without further action record a lien against the property in the full amount of the deferred fees as stated above and for costs required for collection of the deferred fee. 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 Obligor is in compliance with this Agreement, and the Obligor 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 for this Agreement. 1f the Obligor shall default in or fail to fully perform any of its obligations in conformance with the time schedule under this Agreement the City may elect to enforce any of the following specified remedies: A) The City may withhold a Certificate of Occupancy and prohibit use of the property. B) The City may, at its option,record a lien against the property. C) The City may enforce any other remedy provided by law or this agreement. 6. Indemnification The Obligor hereby expressly agrees to indemnify and hold the City harmless for and against all Page 2 of 6 Payment of Deferred;I�i�r tt+�t F�es.��d i\Io.�.�e:o�In en :_o claims, costs and liability of every kind and nature,for injury or damage received or sustained by w a he any person or entity in connection with, or on account of the performance fork development site and elsewhere pursuant to this Agreement, or delays in the issuance of a Certificate of Occupancy pursuant to this agreement. The Obligor 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 Obligor. The Obligor is not an agent or employee of the City. 7. Governing Law and Venue This Agreement shall be construed under and governed by 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. g, Changes in Fee During Deferral Period The fees due at conclusion of the deferral period shall not change from the amount determined in Section 2. In the event the amount of fees due for the category of development y submitted projects which is the same category as that which is the subject of this agreement either decreases or increases no change in the amount of fees due from the project willmade unless the project constructs more or less demand generating improvements than originally depicted on the building permit for the work. In the event of non-payment additional fees for collection costs and other fees as established by Resolution 4433 will be charged in addition to the deferred transportation impact fee. 9. Attorney's Fees or Other 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, to include the salary and costs of in-house counsel including City Attorney. Other fees and costs may be incurred as set forth in Resolution 4433 relating to the enforcement of this agreement. to. Modifications or Alterations No modifications or amendment of this Agreement shall be valid, unless agreed to in writing by the parties hereto. Page 3 of 6 reenuent for Pa .anent of Deferred hn act Fees and'Notice of,Int:e f 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 Obligor shall not assign this Agreement in whole, or in part, without prior written consent of the City. 13. 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. Page 4 of 6 A ree►nent for.Pa anent of Deferlyd 11 aE F;ees:and Notice of Intefnt'fiia�ea�: .... .: CORPO N MT Larks tir LL P, by Gregory Dunfield, Manager STATE OF ) )ss. County of On this � day of 2015, before me, the undersigned, a Nort ry Public for the State of % ' Q ,personally appeared (C' . bo Tz known to me to be the AftyNOL&r of MT Larlcspur LLLP, the corporation that executed the within instrument, and acicnowledged to me that(s)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. (SEALY' CSSo•..gzp;�'�" 0 RFS .:I Notary Public for the State of W 't• Ir`i ? `! O= Residing at Se A\ W N :O a My Commission Expires Wojgm QC � ��: (Use four digits for expiration year) �'.��`•'�0 �Q�EMB . $ •'�Z..s Page 5 of 6 V reemeiat.f4 .P m0 of Deferred Ii ri ct'Fees and Notice of 1nteri 'to Lien THE CITY OF BOZEMAN Wendy Thomas Community Development Director. STATE OF MONTANA ) )ss. County of GALLATIN ) On this day of -t-1c4, ' ' : ^'' , 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 Notarial Seal the day and year first above written. 3, (SEAL) Notary Public for the State of Mont na M•,.�n, Residing at � >- (. '•�AK�xy, ALICIA KENNEDY �; pYA •�iL NOTARY PUBLIC for the My Commission Expires: .-( `� STATE OFMONTANA (Use four digits for expiration year) + SEAI. Residing at Bozeman,Montana ' oo ?= My Commission Expires `°�.,..••° August 04,2018 Pagc 6 of 6