HomeMy WebLinkAboutStreet Light Agreement with Capital Development for Settlement Bridge No. 5
ADA COUNTY RECORDER J. DAVID NAVARRO
BOISE IDAHO 08/31/06 02:23 PM
DEPUTY Vicki Allen
RECORDED - REQUEST OF
City of Meridian
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STREET LIGHT AGREEMENT
This 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 #5 a residential
development in Meridian, Idaho.
F or good and valuable consideration, the receipt of which is hereby acknowledged, the
parties agree as follows;
1. Capital Development inc has provided 3ea. single head 100watt street light poles,
concrete pole bases, fixtures, bulbs, and components to the residential development
known as Settlement Bridge #5 in Meridian, Idaho. The parties acknowledge that the
3 ea. single head IQOwatt 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 3ea. single head 100watt street lights located in Settlement Bridge #5 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 ldaho 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 off" 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
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This AGREEMENT shall be binding on Capital Development Inc. its heirs, successors
and assigns, and the CITY OF MERIDIAN.
Dated this ad
dayof ~~~d
, 20 l\l D .
CITY OF MERIDIAN, a municipality and
Political subdivision of the State ofIdaho
ATTEST:
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Capital Development Inc.
By
ATTEST:
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STREET LIGHT AGREEMENT
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County of Ada, )
On this :ti-ty of ~ ' 20 ~ 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 within 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.
SEAL
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NOTARY PUBLIC FOR IDAHO
RESIDING AT VVLL [~Xl
MY COMMISSION EXPIRES
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STATE OF
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County of
. On this ~ day of '0' M;& , 20.12lL.., before me, the undersigned, a Notary Public
III and for saId State, p sonaUy . appeared RCLiNLu"VL y OY~ alSOV'-- and
Wla...vi tJV\. VOY'jOdOvL . known to me to be the Pre '(lent and Secretary of
r.a p' W De \/(J Lc.~~ -:h1 ("' ., and who executed the within instrument on behalf of said
corporation, and ac owledged 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.
SEAL
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NOTARYPUBLICF IDAHO
RESIDING AT .'BDisL. ID
MY COMMISSION EXPIRES
IIY COMNISSION DPIUI
Jane 8, 2012
IDtrIDIOftlRUNOI'ARY PUBLIC tJNDERWRITIIIlI
STREET LIGHT AGREEMENT
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