HomeMy WebLinkAboutStreet Light Agreement with Capitol Development, Inc. for Settlement Bridge
ADA COUNTY RECORDER J. DAVID NAVARRO AMOUNT .00
BOISE IDAHO 01/27105 11:15 AM
~~~~~~E~i:~:ÓI~~ST OF 1111111111111111111111111111111111111
City 01 Meridian 105010110
STREET LIGHT AGREEMENT
Thís Street Light Agreement is made and entered into between the CITY OF MERIDIAN
and Capital Development Inc., pertaining to the street lights in Settlement Bridge # 1 a residential
development in Meridian, Idaho.
For good and valuable consideration, the receipt ofwhích is hereby acknowledged, the
parties agree as follows:
1.
Capital Development inc has provided 1gea. simde head lOOwatt and 2ea. 25Owatt single
~street light poles, concrete pole bases, fixtures, bulbs, and components to the
residential development known as Settlement Bridge #1 in Meridian, Idaho. The parties
acknowledge that the 1gea. single head l00watt and 2ea. 25Owatt simde head street light
poles and appurtenances were specially ordered items, not customarily used in residential
developments in Meridian, Idaho.
2.
Capital Development inc, or it's assigns, agree to replace, repair and provide any
required maintenance of any of the above mentioned street lights, and/or appurtenances
thereof, that may hereafter be broken, damaged, or deteriorated, or require maintenance,
at its own expense; and it is further agreed that Capital Development Inc, or its heirs,
successors and assigns, shall keep the lights operational at all times, it being understood
by the City that bulbs, and/or ballast, do bum out and that the City will allow reasonable
time to replace them.
3.
It is agreed that the City of Meridian authorize and pay for the electrical service to be
supplied to the 1gea. single head lOOwatt and 2ea. 25Owatt single head street lights
located in Settlement Bridge #1 in the usual and customary manner.
4.
It is agreed that the City of Meridian, because Idaho Power Company will not maintain
the bulbs and ballast or provide any maintenance, will enter into a Schedule 40
Agreement with Idaho Power Company, and not a Schedule 41 Agreement, which in
proper cases provide that Idaho Power Company would provide maintenance, bulbs, and
ballast. It is also agreed that lighting served under the Schedule 40 Agreement must be
controlled by a photo electric device of the "fail oft" type.
5.
It is understood and agreed that Capital Development Inc will assign its rights and
obligations hereunder to when said Homeowners Association is formed and operational.
STREET LIGHT AGREEMENT
pagel~
Thís AGREEMENT shall be binding on Capital Development Inc. its heirs, successors
and assigns, and the CITY OF MERIDIAN.
Dated tills ~
day of ~\ l()J\\ Q~
,2~.
CITY OF MERIDIAN, a municipality and
Political subdivision of the State ofIdaho
ATTEST:
Capital Development Inc.
ATTEST:
STREET LIGHT AGREEMENT
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County of Ada, )
On tills ¡gt'day of , h""'Mrv , 2005' , before me, the undersigned, a Notary
Public in and for said State, personally appeared Mayor DEWEERD and WILLIAM G. BERG,
JR., known to me to be the Mayor and City Clerk of the CITY OF MERIDIAN, Idaho, and who
executed the withín instrument, and acknowledged to me that the City of Meridian executed the
same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year first above written.
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SEAL
STATE OF IDAHO ,)
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County of Ada
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On tills -1Q day of J anuarv , 20...QL, before me, the undersigned, a Notary Public
in and for said State, personally appeared Ramon Yorgason and
David R. Yorgason known to me to be the President and Secretary of
Capital Development. Ine" and who executed the withín instrument on behalf of said
corporation, and acknowledged to me that said corporation executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year first above written.
EALDeVONA D. LUKE
NOTARY PUBLIC
STATE OF IDAHO
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£}LbIi>uL. & I.~ß ,
NOTARY PUBLIC FOR IDAHO
RESIDING AT Boise. Idaho
MY COMMISSION EXPIRES 08 / 27 / 05
STREET LIGHT AGREEMENT
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