HomeMy WebLinkAboutSky Mesa Development Payment In lieu in Streetlights Agreement for Sky Mesa Highlands Subdivision No. 1 AGREEMENT"TO ACCEPT PAYMENT IN LIEU OF INSTALLING STREETLIGHT
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SKY MESA HIGI-ILANDS NO. I SUBDIVISION
THIS AGREEMENT for streetlight installation, made this. 4th day of January 2022 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 Sky Mesa Development, LLC
729 S. Bridgeway PI, Eagle, ID 83616 (hereinafter"Developer").
WHEREAS, Developer has received from City,conditional approval of the Final Plat forthe Sky
Mesa Highlands Subdivision, Case No. FP-2020-0007; and,
WHEREAS, One of the Site Specific Conditions of Approval of City's approval of FP-2020-0007
is to install streetlights on all public roadways per the City of Meridian Improvement Standards for
Street Lighting; and,
WHEREAS, Developer is currently unable to install the required streetlights on S. Eagle Road
in front of the Sky Mesa Highlands No. 1 Subdivision because S. Eagle Road has not been built out to
its ultimate width; and,
WHEREAS,once the S.Eagle Road is improved,City is willingto install the required streetlights
if Developer has paid to City the estimated amount necessary to install the streetlights.
NOW THEREFORE,THE PARTIES AGREE AS FOLLOWS.
1. Developer shall pay to City the amount of$33,252.90 as the amount necessary to supply and
install four(4)type 1 streetlights.
2. City agrees to accept the amount set forth in Article 1 in lieu of requiring Developer to install
the four(4) streetlights on S. Eagle Road in front of the Subdivision.
3. Upon payment of the amount in Article 1 by Developer to City, ā¯‘evelopers' requirement to
install the four(4)streetlights on S. Eagle Road 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 Developer of Developers'
Property.
IN WITNESS WHEREOF,the parties shall cause this Agreement to be executed bytheir duly authorized
officers the day and year first above written.
SKY MESA DEVELOPMENT,LLC CITY OF MERIDIAN
By: By
1a es H. Hunter, Manager Robert E. Simison, Mayor 1-4-2022
Page 616