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HomeMy WebLinkAboutStreet Light Agreement with L & K Development for Alexandria Subdivision ADA COUNTY RECORDER J. DAVID NAVARRO AMOUNT .00 3 BOISE IDAHO 09129106 03:58 PM DEPUTY Bonnie Oberbilllg 1111111111111111111111111111111111111 REC.O~DED.- REQUEST OF 106155841 Meridian City STREET LIGHT AGREEMENT This Street Light Agreement is made and enteroo into between the CITY OF MERIDIAN and L & K Development LLC, pertaining to the street lights in Alexandria Subdivision, a residential development in Meridian, Id~o. ... __ __ For good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 1. L & K Development has provided ~street light poles, concrete pole bases, fixtures, bulbs, and components to the residential development known as Alexandria Subdivision in Meridian, Idaho. The parties acknowledge that the 5 street light poles and appurtenances were specially ordered items, not customarily used in residential developments in Meridian, Idaho. 2. L & K DevelopmentLLC, 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 , 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 5 street lights located in Alexandria Subdivision in the usual and customary maImeL 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 off' type. 5. It is understood and agreed that L & K Development LLC will assign its rights and obligations hereunder to Alexandria Subdivision HO.A. when said HomeOwners Association is formed and operational. STREET LIGHT AGREEMENT Page 1 ~3 This AGREEMENT shall be binding on L & K Development LLC. its heirs, successors and assigns, and the CITY OF MERIDIAN. Datedthis~daYOf~~ ~20& . CITY OF MERIDIAN, a municipality and Political subdivision of the State ofIdaho ATTEST: By JAL~ L & K Development LLC BY~ .~~ I. President ATTEST: ~~ar Secretary STREET LIGHT AGREEMENT Page 2 c:t:3 ~-_ .i STATE OF IDAHO, ) SS. County of Ada, ) ,\tJ On this !E. day of ,(; 'r-{J ) 20 ~ before me, the undersigned, a Notary Public in and for said State, ersonally 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 _abQve written. SEAL ........ ...Q.~~'" ....~o 't AIIJ:f+'. . Sj':J: " · . "'''. I · . , , . . I I . . ' I . \ \ N/.i./ ..~~~~.. - fII!J~\1... STATE OF /01tJ.I0 ,) 8 h OJtr'Y\ Jt,'VV,*----- NOTARY PUBLIC FOR IDAHO RESIDING AT J11j l Vy,- jo! MY COMMISSION EXPIRES ,1 f) .- ( .5- ( ( County of ~ ,) : ss. On this~ day of ;4uIzLl yr , 200b . before me, the undersigned, a Notary Public in and ~ ~ State, personally appeared /.t>IUIE _ '};,JhJ.so;!, and JlJh2E;;/ ~I Jc)f/1..I.So,./ known to me to be the President and Secretary ofL & K Development LLC, and who executed the within 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 andaflixed my official seal the day and year first above written. ..~..~ ~~J\ S~~~UIt~O~,. ... ' _._.1 :; '. ..'C 1 : i ,00 PUB"'~ I. :$ .... -. ' 0 ~ .,p.. .~... " )>.<1 ......... ..t... :~.." '. --,.... <"ro.v ...~ -', I F Of \v, ...... i,."", II' ",..,., ~~~ NOTARYPUBIICF IDAHO RESIDING AT ' MY COMMISSION EXPIRES ReSIDINU:IJQIR, I) ~..EXP; .1'" STREET LIGHT AGREEMENT Page 3 c\):5