HomeMy WebLinkAboutAgreement to Accept Payment in Lieu of Installing Street Lights Trilogy SubdivisonMeridian City Council Meeting Agenda May 8, 2018 – Page 287 of 416
Meridian City Council Meeting Agenda May 8, 2018 – Page 288 of 416
Meridian City Council Meeting Agenda May 8, 2018 – Page 289 of 416
AGREEMENT TO ACCEPT PAYMENT IN LIEU OF INSTALLING STREETLIGHT
AT
TRILOGY SUBDIVISION NO. I
THIS AGREEMENT for streetlight installation, made this _Kday ofMAp 12018 between the City of
Meridian, a municipal corporation organized under the laws of the State of Idaho, whose address is
33 East Broadway Avenue, Meridian, Idaho (hereinafter "City"), and Challenger Development, Inc.,
1977 E. Overland Road, Meridian, ID 83642 (hereinafter "Challenger").
WHEREAS, Challenger has received from City, conditional approval of the Final Plat for the
Trilogy Subdivision No. 1, Case No. LD-RSUB-2016-0018; and,
WHEREAS, One of the Site Specific Conditions of Approval of City's approval of LD-RSUB-
2016-0018 is to install street lights on all public roadways per the City of Meridian Improvement
Standards for Street Lighting; and,
WHEREAS, Challenger is currently unable to Install the required streetlight on Chinden
Boulevard in front of the Trilogy Subdivision because Chinden Boulevard has not been built out to
its ultimate width; and,
WHEREAS, once the Chinned Boulevard is widened, City is willing to install the required
streetlights if Challenger has paid to City the estimated amount necessary to install the streetlight.
NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS:
1. Challenger shall pay to City the amount of $17,492.25 as the amount necessary to supply
and install three (3) type 1 streetlights.
2. City agrees to accept the amount set forth in Article 1 in lieu of requiring Challenger to
install the three (3) streetlights on Chinden Boulevard in front of the Subdivision.
3. Upon payment of the amount in Article 1 by Challenger to City, Challenger's requirement to
install the three (3) streetlights on Chinden Boulevard shall be considered satisfied.
4. This Agreement shall be binding upon and inure to the benefit of the parties hereto and
their heirs, successors and assigns, and shall survive any transfer by Challenger of
Challenger's Property,
IN WITNESS WHEREOF, the parties shall cause this Agreement to be executed by their duly
.authorized officers the day and year first above written.
CHALLENGER DEVELOPME , I CITY OF MERIDIAN
By: BY
Corey D. Barton, Presi ent Tammy dAfeerd, Mayor
Meridian City Council Meeting Agenda May 8, 2018 – Page 291 of 416
Meridian City Council Meeting Agenda May 8, 2018 – Page 292 of 416
Meridian City Council Meeting Agenda May 8, 2018 – Page 293 of 416