HomeMy WebLinkAboutPayment in Lieu of Agreement Installing Streelights Triology No. 2 ChallengerAGREEMENT TO ACCEPT PAYMENT IN LIEU OF INSTALLING STREETLIGHT
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TRILOGY NO. 2 SUBDIVISION
THIS AGREEMENT for streetlight installation, made this �3' Clay of July, 2019 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 No. 2 Subdivision, Case No. FP H-2018-0102; and,
WHEREAS, One of the Site Specific Conditions of Approval of City's approval of FP H-2018-
00102 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 streetlights on W. Chinden
Boulevard in front of the Trilogy No. 2 Subdivision because W. Chinden Boulevard has not been built
out to its ultimate width; and,
WHEREAS, once the W. Chinden 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 $14,200 as the amount necessary to supply and
install two (2) type 1 streetlights.
2. City agrees to accept the amount set forth in Article 1 in lieu of requiring Challenger to install
the two (2) streetlights on W. 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 two (2) streetlights on W. 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 Properties, LLC,- CITY OF MERIDIAN
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Corey D. Bar esident Tammy de Weerd, Mayor