HomeMy WebLinkAbout013 Infrastructure Improvements Agreement Set (Signed)03/03/23
22203 Norton East
Ranch Ph. 5B FP
i ,1 .'l, i' :: I :i-. ,','i- j :. j i',1
Name, Company, and title
of individual signing lA and
guaranteeing installafion
of improvements:
Remaining lmprovernents
Estimate Amount:
Kevin Spencer, Member oi Norton Properties, LLC
5134,238.20
Financial Guarantee Amount: S201,537.30 (Letter of Credit)
(1.5 X Estrmate)
An acceptable financial guarantee is required following approval of the financial guarantee amount. This guarantee shall be
submined along with an executed improvements agreement that you will receive from staff following approval of this application.
The City accepts Cash, Letters of Credit, and Bond. Please note that Letters of Credit and Bonds must be from a financial inshtution
and provided in the correct format, following the City of Bozeman's provided r-r:j!=:r--ili!ir,li! and t,'onlpjiiqqt ili:.1tu templates.
Legal Review is required for all Bonds and may delay processing. Contact yclur Planner il you plan to use a bond as your financial
guarantee.
CERTIFICATIONS AND SIGNATU REs
'Ihis applicahon must be signed by both the applicant(s) and the property owner{s) {if different} before the submittal will be
accepted.
Statement of lntent to Complete tmprovements - I understand that the lmprovements Agreement must be secured by a financial
security, deemed acceptable by the Cit* payable to the City of Bozeman, in an amount equal to 150 percent of the estimated
cost (verified against city publicly bid unit prices, where such are available) of the installation of required improvements not yet
completed. The method of security must be valid for a period of not less than twelve (12) months, eighteen (L8) months for
subdivision improvements.
ln any event, all required shall be completed within nine (9) months of occupancy for site development and
twelve (12) months for
security.
for lot frontage sidewalks in order to avoid defuult on the method of
Applicant Signature:Date {_ //.-1.{;lL7
Printed Name Greg Stratton
tm
6a- "-5
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Owner Signature:Date
Printed Name Spe
lf signing as a corporation, please provide the title and position of the individual signing on behalf of the corporation. Attach
separate sheets for additional owner signatures.
CERTIFICATIONS FOR INSTALLED IMPROVEMENTS AND IMPROVEMENTS AGREEMENT REVIEW
Following submittal, this application is reviewed by City staff to determine if the proposed improvements to be guaranteed
are appropriate in relation to the improvements inslalled to date and that the improvements to be guaranteed have been
estimated based upon current area construction/installation costs.
For all improvements installed to date, the property owner and applicant are required to provide certifications from their
appropriate project professionals (architect, civil engineer, landscape professional, lighhng engineer, etc.) thatthe private
and public improvements have been installed according to the improved plans and specifications. lf these certificatlons are
not provided, it rnay delay the review of this application. These certrfications can be provided on dated letterhead by each
professional. Contact us for more information if you are unfamiliar with tltis process.
lA Applica|oil i Page2of3 Revlsion Date: November 2021