HomeMy WebLinkAboutStreet Light Agreement with Paramount Development, Inc. for Paramount Sub No. 3
ADA COUNTY RECORDER J. DAVID NAVARRO AMOUNT .00 3
BOISE IDAHO 04/20/07 03:20 PM
DEPUTY Bonnie Oberbillig 1111111111111111111111111111111111111
RECORDED - REQUEST OF 107056311
Meridian City
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CITY OF MERIDIAN
STREET LIGHT AGREEMENT
This Street Light Agreement is made and entered into between the CITY OF MERIDIAN
and Paramount Development Inc, pertaining to the streetlights in Paramount Subdivision #3, a
residential development in Meridian, Idaho.
For good and valuable consideration, the receipt of which is hereby acknowledged, the
parties agree as follows:
1. Paramount Development Inc, has provided 1 ea. additional single head street light poles,
concrete pole bases, fixtures, bulbs, and components to the type development known as
Paramount Subdivision #3 in Meridian, Idaho. The parties acknowledge that the lea.
additional sintlle hrad street light poles and appurtenances were specially ordered items,
not customarily used in type developments in Meridian, Idaho.
2. Paramount 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 Paramount 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 1 ea. additional Single head street lights located in Paramount Subdivision
#3 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 off' type.
5. It is understood and agreed that Paramount Development Inc will assign its rights and
obligations hereunder to said Homeowners Association when said Owners Association is
formed and operational.
STREET LIGHT AGREEMENT
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This AGREEMENT shall be binding on Paramount Development Inc, its heirs,
successors and assigns, and the CITY OF MERIDIAN,
Dated this lC\
day of ~
. 20 <\(
CITY OF MERIDIAN, a municipality and
Political subdivision of the State ofIdaho
By
Mayor, DeWeerd
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Paramount Development Inc.
By
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STREET LIGHT AGREEMENT
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STATE OF IDAHO, )
County of Ada, )
On this ltd~y of Al}~ , 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.
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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
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MY COMMISSION EXPIRES 10' -(5- !I
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County of ~ ,)
On this :z.b~ay of It) dh Mt.- . 20 07. before me, the undersigned, a Notary Public
in and for said State, personally appeared I\d.i/;d /tLrn htL-bi and
6~CCt:L /l ft:f:i,n }'(, "\ known to me to be the President and Secretary of
I W7tlrnm/lf ])e.vifoJnr'!/)i=1..iD~o executed the within instrument on behalf of said
corporation, and aCknowlldged 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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STREET LIGHT AGREEMENT
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