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HomeMy WebLinkAbout005a IA_Improvements Agreement Application IA IMPROVEMENTS AGREEMENT IMPROVEMENTS AGREEMENT APPLICATION When occupancy of a development subject to zoning review will commence prior to completion of all required site improvements, generally excluding sketch plans, or when a subdivision is to be granted final plat approval prior to the completion of all required improvements, the applicant must enter into an improvements agreement with the city. All improvements agreements must meet the standards set forth in the Bozeman Municipal Code sec. 38.270.060. PROJECT PROPERTY OWNER APPLICANT REPRESENTATIVE PROPERTY IMPROVEMENTS TO BE GUARANTEED Development Name: Planning File Number: This number is different than Building Permit Number - Format: (XX-XXX) Name: Full Address: Email: Phone: Name: Full Address: Email: Phone: Name: Full Address: Email: Phone: Full Street Address: Full Legal Description: Current Zoning: Attach a detailed estimate of remaining improvements proposed to be guaranteed. The estimate for any improvements to be dedicated to the public such as streets and water sewer street frontage landscaping, park improvements shall be prepared by an appropriate professional such as a civil engineer or landscape architect as applicable. Type(s) of Improvements Guaranteed: Anticipated date of installation: IA Application Page 1 of 3 Revision Date: November 2021 IA APPLICATION Name, Company, and title of individual signing IA and guaranteeing installation of improvements: Remaining Improvements Estimate Amount: Financial Guarantee Amount: (1.5 X Estimate) An acceptable financial guarantee is required following approval of the financial guarantee amount. This guarantee shall be submitted 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 institution and provided in the correct format, following the City of Bozeman’s provided Letter of Credit and Completion Bond templates. Legal Review is required for all Bonds and may delay processing. Contact your Planner if you plan to use a bond as your financial guarantee. CERTIFICATIONS AND SIGNATURES This application must be signed by both the applicant(s) and the property owner(s) (if different) before the submittal will be accepted. Statement of Intent to Complete Improvements - I understand that the Improvements Agreement must be secured by a financial security, deemed acceptable by the City, 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 (18) months for subdivision improvements. In any event, all required improvements shall be completed within nine (9) months of occupancy for site development and twelve (12) months for subdivision improvements except for lot frontage sidewalks in order to avoid default on the method of security. Applicant Signature: Date: Printed Name: Owner Signature: Date: Printed Name: If 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 installed 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, lighting engineer, etc.) that the private and public improvements have been installed according to the improved plans and specifications. If these certifications are not provided, it may delay the review of this application. These certifications can be provided on dated letterhead by each professional. Contact us for more information if you are unfamiliar with this process. IA Application Page 2 of 3 Revision Date: November 2021 IA APPLICATION REQUIRED FORMS IA and Estimate APPLICATION FEE For most current application fee, see Schedule of Community Development fees. Fees are typically adjusted in January. CONTACT US Alfred M. Stiff Professional Building 20 East Olive Street PO Box 1230 Bozeman, MT 59715 phone 406-582-2260 fax 406-582-2263 planning@bozeman.net www.bozeman.net/planning IA Application Page 3 of 3 Revision Date: November 2021