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HomeMy WebLinkAboutDMB Development and Blue Cross of Idaho for Pinebridge Annexation DisputeSETTLEN~ENT AGREEMENT AND RELEASE This Settlement Agreement and Release ("A~reement'~ is entered into this _ day of July, 2008, by, between and among Petitioner, Blue G~oss of Idaho Health Service, Inc., an Idaho corporation doing business as Blue Cross of Idaho (`Blue Cross'~, Intervenor, DMB Tnvestments LLC, an Idaho Limited Liability Company {"DMB'~; and Respondent, the City of Meridian, a municipal corporation of tha State of Idaho ("Cit}~~. All participants to this Agreement shall be referred to collectively as the "Pacties." Defmitions 1. "LAWSUIT" - Shall mean the perition for judicial review filed by Blue Cross of Idaho Health Service, Inc. doing business as Blue G~ross of Idaho, BLUE CROSS OF IDAHO v. C1TY OF MERIDIAN et al, Case No. CV OC 0721697, pending in the District Court of the Fourth Judicial District of the State of Idaho~ in and for the County of Ada. Rec~tals 1. On or about March 7, 2007, DMB filed with the City its applications for approval of: (1) annexation of approximately 94.69 acres of the Property from Rl and RUT Ada County zones to City of Meridian CG zone, file no. AZ-U7-006; (2) rezone of 75.67 acres from I-L zone to C-G zone, Sle no. RZ-07-O10; (3) preliminary plat of 61 building lots & 21 common lots, file no. PP-07-008 and; (4) variaz-ee for two access points to N. Eagle Road, file no. VAR-07-007 (the "Applications"j. 2. Blue Cross maintains its corporate campus at 300U E. Pine Avenue, Meridian, Idaho, at the northwest coiner of Eagle Road and Pine Avenue. The primary entrance to the Blue Cross campus is west of the Eagle Road intersection and d'uectly across Pine Avenue from DMB's pmperty. . 3. The City took up the Applications at a public hearing held on October 23, 2007, wherein the City voted to approve the Applications. On November 7, 2007, the City entered its Find'mgs of Fact, ConcIusions of Law and Decision and Order. 4. On or about December 5, 2007, Blue Cross filed the Lawsuit seeking review of the City's decision to approve the Applications. 5. The district court subsequendy granted DMB's request to intervene in the Lawsuit as evidenced by the court's order dated February 7, 2008. 6. In relation to its Application, DMB has entered into a Cooperative Development Agreement ("CDA'~ with Ada County Highway District ("ACHD") whereby DMB will construct improvemants and extend Pine Avenue ("Pine Avenue Project'~. The CDA is attached hereto as Exhibit A. 7. As part of ite widening, extension and impmvement of Pine Avenue, Blue Cross desires an additional entry access point to its corporate campus as weII as certain on-site improvements relating to the new and existing access points (`BCI Improvements'). The SETIZEMENT AGREEMENT AND RELEASE - Page 1 depiction with coiresponding measurements of the new access point withia ACHD's right-of- way is attached hereto as Exlu'bit B. Blue Cross' existing entranca is depicted with conresponding meastuements in Exhibit C. ExhibiEs B and C are attached hereto and uncorporated herein by referc~nce. 8. AC~ID agrees to reimburse DMB for the BCI Improvements pursuant to the "Letter AgreernenY' made part of the CDA and dated April 21, 2008. The Letter Agceement is attached hereto as Exhibit E and incorporated herein by reference. 9. The Parties have conferred conceming th~se mattcrs and have rcached a compromise and resolution of their dispute, and seek to conclude this matter without the additional costs, inconvenience, burdens and uncertainties of lidgation and hereby enter into a full and final settlement and agreement and discharge of any and all actions, demands and/or claims between and among the Parties which are based in whole or in part on the subject matter of the Lawsuit. NOW, THEREFORE, in consideration of t[ie mutual promises contained herein, and of other good and valuable considexation, the receipt and sufficiency of which are hereby aclrnowledged, and 'mtending to be legally bound hereby, the Pazties agree as follows: A¢reement 1. Payment by DMB: DMB shall pay to Blue Gtoss the sum of ONE HUNDRED FIFTY FIVE THOUSAND DOLLARS ($155,000.00). Said payment shaIl be placed in escrow with Pioneer Title Co., 8151 W. Ritleman St., Boise, Idaho 83704 upon the execution of this Agreement. The $155.000.00 shall be used by Blue Cross for the BCI Improvements, wlrich sha11 also include, but is not limited to, engineering costs and consulting costs relative to both entranccs. Said fimds shall be disbutsed to Blue Cross pursuant to tht Escrow Instruc6ons attached hereto as Exhibit F and incorporated herein by reference. 1. Blue Cross Agreemeut: Blue Cross, on behalf of itsel~ its assigns, and successors, apon receipt of good and lawful funds as set forth in this Agreement, hereby expressly covenant and agreas to forever refrain from bringing any and all cIaims, actions, demands, suits, or proceedings in equity and/or law, contract and/or tort, against DMB and the City arising out of the subject matter of the Lawsuit and hereby remises, acqnits, and releases and forever discharges the City and DMB from any and all claims, demands~ obligations, and causes of action arising out of the Lawsuit. In addition, Blue Cross shall do the following: 1.1. Plans and Engineering: Blue Cross shall be responsible for obtaining all engineering drawings and specificarions for the BCF ~r-provements. Blue Cross shall instcuct its engineers to coordinate with DMB's design team relative to the BCI Improvements and to ensure that both the Pine Avemie Project and the new entrance will match at the common property line of the new access point. 1.2. BCI Improvements: Blue Cross shall be responsible for employing its own contractor for the BCI Tmprovements. In the event Blue G~oss elects to employ DMB's contractor, DMB agees to cooperate and assist to the extent poss~ble. SETTLEMENT AGREEMENT AND ItELEASE - Page 2 2. DMB Agreement: DMB, on behalf of itsal~ its assigns, and successors, hereby expressly covenants and agcees to forever refrain from bringing any and all claims, actions~ demaads, suits, or proceedings ia equity and/or law, wntract and/or tort, against Blue Cross and the City, relative to the Lawsuit and hereby remises, acquits, and releases and forever discharges Blue Cross and the City from any and all claims, demands, obligations, aad causes of acrion anising out of the Lawsuit. In addition, DMB shall do the following: 2.1. Piae Avenue Project: Pursuant to the CDA, DMB shall construct all curbs, gutters, sidewallcs and paving to the property line common to the ACFID right-of-way and Blue Cross's property. The right of-way and property line is depicted with con~esponding measurements in Exhibit D attached hereto and iacorporated herein by reference. 2.2. AG'FiD Contingeney: Should AC~ID require the construction of a restricting island in front of Blue Cross's existing entrance, DMB agrees to construct the resCricting island in accordance with the CDA and ACF~ID's timeline. 3. City Agreement: The City, on behalf of itself, i~ assigns, and successors, hereby expressly covenants and agrees to forever refrain from bringing any and all clauns, ac6ons, dcmands, suits, or proceedings in equity and/or law, contract and/or tort, against Blue Cross and DMB relative to the Lawsuit and hereby remises, acquits, and releases and forever discharges Blue Cross and DMB from any and all ciaims, demands, obligations, and causes of action arising out of the Lawsuit. In addition The City shall do the following: 3.1 Meeting(s) By City: The City through the Office of the Mayor, in an effort to facilitate resolution shall coordinate one (1) preconstrucrion meeting with DMB, Blue Cross and the appropriate road agencies with oversight over the Pine Avenue Project. The City~s Mayor shall, at a minimurn, hold at least one (1) meeting, but may host more mcetings if the Mayor so detetrnines~ in consultation with the parties and the appropriate road agencies that additional meetings would be beneficial. Blue Cr~ss shali be responsible for reasonable costs associated for atl meetings. Unlesa otherwise indicated by the Mayor, ail meetings shall be held at Meridiaa City Ha]l, 33 E. Idaho Avenue, Meridian, Idaho. 4. Mitlgation Et~'orts By DMB and Blue Crnss: DMB and Blue G~oss each agree to act in good faith and use their best efforts to assist each other in coordinating meedngs with essential personnet, entities and governmental agencies to ensure the Fine Avenue Project proceeds in an efficient and timely manner with minimal disruption to citiz~ns of the G~ty, the customers and employees of Blue Cross and DMB personnel. 5. Coadusion and Discontinuance of the Lawsuit witi~ Prejudice: None of the Pazties shall file an appeal or take fiuther action against the other in the Lawsuit, except as set forth herein and/or under the assignment of claims provided herein, and except to file such other documents as may be required by the Court to effect the discontinuance of the Lawsuit Each Party specifically avthorize and direct their attomeys to execute a discnissal of the Petition for Judicial Review fited in the Lawsuit with prejudice~ with each party to bear their own costs and attorneys' fees, and to deliver the same contemporaueously with this executed Agreemett~ SETTLEMENT AGREEMENT AND RELEASE - Page 3 6. Agreeraent Not an Admisslon: The Parties hereto agree that thie Agreement resolves and compromises disputed claims and that this Agreement is not intended to be, nor shall it be construed as an~ admission or evidence of any claim~ liability, wrongdoing, misconduct, or breach of any contractual, common law, or statutory duty by any peison or Party, or by anyperson or entity being released hereunder. 7. Representation by Counsel: The Parties fiuther aclanowledge that they have had the opp~rrimity to be represented in the negotiations for and in the performance of this Release by legal counsel of their own choice, and that they have read this Release, and that they are fully aware of the contents of ttus Release. 8. Snccessors and Asslgns/FtirtLer pocuments: This A,greement shall be binding upon, aad inure to tha benefit of the Parties, their heira, edministrators~ executors, successors and assi~ns. The Parties acknowledge that they have carefully read this Agreement, aad their respective counseF has explained its contents to ttcem. Each Paity agrees to execute any and all documents required hereunder and/or necessary to the implementation of this Agreement, in a timely manner. 9. Governing Law; Enforcement: This Agreement shall be govemed by and canstrued in accordance with the laws of the State of Idaho. This Agreement may ba enforced by any court of competent jurisdiction. The Parties specifically consent to the jurisdiction of the court in which the Lawsuit was filed. 10. Volvntary Exeeution: All Parties are aware of end understand tha terms of this Release and the legal consequences thereof. The Pazties hereto warrant that they have signed the Agreement voluntarily of tf~eir own free will and accord and not under duress. 11. Entirety Clause: This Agreement supersedes afl prior agreemea-ts between the Parties concerning the subject matter hereof, and reflects the entire agrecmettt between the Parties. Any statements, representations, promises, or inducements that are not contained in this Agreement aze not valid or binding on the Parties. 12. Signature in Counterparts: This Agreement may be signed in counteYpart and circulated by facsimile transmission. Each of the counteiparts shall be deemed an original, and all ofthem shaU constitute one and the same instrument. 13. Amendment: This Agreement shall not be modified or amended excepi in writing signed by alI Parties hereto. 14. Headings: The headings in the Agree,ment are for convenience only and shall not be used in intcrpretiag the obligations of the Parties under this Agreement. 15. Aathorlty to Sign: The Parties warrant that they have the capacity and authority to sign this Agreement and to accept the promises specified in it. AIl corporate or other action on the p~t of each Party necessary for the performance of its obligations under this Agreement has been taken prior to the signing of this Agreement. SETIZEMENT AGREEMENT AND RELEASE - Page 4 l6. Severability: If any provision of this Agreement shall be invalid, illegal, or uaenforceable, the validity, legality, and enforceability of the remaining provisions shatl not be impaired or affected in any way. Further, the PaRics agree that those provisions, if az-y, fouad to be iavalid, illegal or une~forceable, sball be modified by the Cow~t, to conform to the most expansive parmissible reading under the law. 17. Attorneys' Fees: Should any dispuoe arise conceming the meaning, or interpretmion of dus Agreemant, and if any claim ba made on this Agrecment or pursuant to this Agreement, the Pre~'ailin8 P~Y in such dlspute shall be eatitled to ~easonable a#omeys' fees and costs incurted in enforcing or defending this A~reemen~ 18. ConstrucHon of Agreemen~ Each Party has participated in, through their ettomeys, in the dcaf~ing and preparation of tlus Agr~eemeM. This Agreement shall not be construed for or against any party based npon its preparation, but shall be construed as if all Parties, and each of them jointly, prepared it, and any uncertainty or ambiguity s~11 not be interpreted against anyone party. 19. Agreement Contractua~: The terms of this Agreement are contractual and not a mere recitaL BLUE CROSS OF mAHO HEALTH SERVICE, INC., aa Idaho corporation d/bla Blue Cross of Idaho By: I~• r s ~~r-1- -}-L' ~.O DMB INVESTMENTS, LLC, aa Idaho limited liability company g~;~~ ._~.~-~~t/~ .aa.e~ Its: ~ , CITY OF MERIDIAN, a municipat corporation of the Statc of Idaho ~G~L; ~ By: Its: SEZTLEMENT AGREEMENT AND RELEASE ~- Page 5 E~HIBIT A FILE No.814 07i02 '08 15:16 ID~ACHD FAX:i 208 3457650 PAGE 2i 13 COOP~RATYV~ DEVELOPIVIENT A`RE _EN~NT This COOPERATIVE DEVELOP[V~ENT AGRfi~MENT (tbe "Agracment") is made and eptercd into this ~L~''~day of Decoatber, 200~, by and botwecn pMH tnvestments, fnc., an Idaho Corporation and the ADA COUNTY HIOH'WAY DISTRICT, a body politic and corporata of che state oP [daho ("ACHA"). R~cYTaLs WFi~REAS ACHA is a single county-wide highw$y district organized and axisting undar the laws of the 3tate of Idaho, with the responsibil9ty, jurisdiction. and authority to improve public roads and assess developmcnt impact fces in accordanco w~tlt t6e Idaho Aevclopmcnt Impaot Fee Act; WY~REA3 the parties desire to dtscribe and provide for the coqstruction of the project (as deSned below); and V~HEREAS ihe partios dasire to provida for the ailocatio~ and payment of the Froject Costs (as defncd below) as 6etween the parties. AGREEMSIYT NOW. THETtEFORE~ in eonsideration oP thc foregoing, and for otber good and valuable conslderation, the rdceipt and sufficiency of which are hereby acknowlcdged, tha partlas horeto agree as Follows: s~cMrrox ~. DEF~~TITIOIVS As qsed in this Agreament, the following terms shall have the following meanings: l.l The term "Construation Mana~er" shalt meaa Dan Torfin in his capacity as an e~»ployee of DM8 Investmgnt~ who shall coordiaate and supervise the Projcct. For the purpose ef this Agreement, tbe Constcuctioa Managor's compeQsation sha11 be threa pereent (3~0) of the Reimbursablo Projeat Costs. 1.2 Tha terra "Eligible DsveIopmont Arc~" shall mean the real pruperty descr~bed on Txhiblt A attached hereto, irrespective of its futu~c owriorship. l.3 The tertn '•Bligible innpact Fee" shall meat~ any [mpact Peo collectcd at any tlme by ACHA fiom any party within the Filisible Development Arca atter ihc cffeetivc date of this AgreemeAt. 1.4 Tho tcrm "~nginocr's Esttmat~" means an estiatate of tho Project Costs pr~pared by tt~e Projoct angi~eer (or other angineer licensed under tho laws of the state of Idaho). Pine Avenue Extension, #608001 Cooperative Devolopment Agreement - 1 F1LE No.814 07i02 '0~ 15:20 ID:ACHD FAX:1 208 3467650 PAGE 3i 13 1.5 The term "Itapact Fec" sbatl mean a payment of money imposed by ACHA as a condition of davcloprucnt approval pursuant to ordinance adopted by ACHD under the Authodty graated to it by tha Idaho Devetopment Ympact ~ee Act, and sball not inelude any oth4r fees, pertttita or ~ssessments by ACHD ot any other ageACy. 1.6The term "praject" ref~rs to the design and coustruction of Pine Avapue ft~om No1a Road to SH-SS (Eagle Road) as a S-latte roadway w~th bike lanes, vertical eurb, euttar ~d 5-foot detached or 7-foot attached eonereta sidewalk; a 72-foot sireet sectioa. The project atso includes the design and construction to widen the existtng west leg of tho Pine Avenue/SH-55 intcrscction to 7-lanas; thc design and installation of a traffic signal at the intersection of Piae Avenue and Hickory Avsnue; and all as the sante shal! more specificatiy ba de~ned by tba plans and speei~cations to be prepared and approved as set forth herein. 1.7The tsrm "Project Costs" refers to al! costs of Comptoting tho Project. inctuding (i) aIl dosign, const~uotion, testiag aad inspoction costs~ (ii) compoASation Por tha Project Managar and Construcrion Mana~er as providcd herein. and (iii) alt othcr co~ts related to and reasoaably aecessary for completion of the Projoct. excluding the oost oF acquiring any addItlona3 rigbt- of-way or easements. 1.8Tha term "Project Manager" shali mean a liccused ongineer engageQ by Developer to managa and eoordinato tde design. inspeatioq and certificatieA of tho Projeot. The PYOject Manager sitd the terms of his or her eompensation sha11 be subjcct to approval by ACHD. 1.9'Y'ho term "Roimbursablo Projeet Costs" shall ~eam all project Cosis ~d.~ tho followiag: a. Costs assoclated with thc design, hardwara and inst$llatipn of the uaffie sign~! Iocated at the incersection of Piue Avenue and Hickory Aveaue; b. Costs assoeiated with the desigu and constraction of the roupdabout locat~d at the intessection af Pi~e Avenue and the new coltector roadway above tho coste aecessary for a standard "T"-type stop controlied interseotioa; c. Costs for any new utility services installec! to serve exclusively Developcr's parcels withln the EiigIble Development Aroa; d. Costs assooiated witb the construction, tcstiag and inspectioa of sf dewalks; e. Admiatstrattve and overhead aosts of Devoloper other than the Coustruction Maaages's compensation defiaed ia Section 1.1; f. Ittterest on funds used fot the Projact; Pinc Avonuc ExteASion. #608001 Cooperativo Devolopment Agresment - 2 FIL.E No.814 07i02 '08 15:20 ID~ACND FAX:1 206 3457650 PAGE 4i 13 g. Liquidated damages. 1.10 ~'he tertns "Sabstant!$1 Cosnpletioa" and `'Substanti$lly CotttpiBte" shall have thc same meaning as in ihe ACHD General Condltions for a constructioA coatraot, which provide as fnllows; "The constructiou [of the Projectj will ba cottsidered to be substaatially eomplete when ii ean be safcly used pr occupicd by the pu6lic for ita itttendad purpuse despite the fact that soma item or items rcn~ain uucompleted." SECTION 2_ DESIGN AND BYDDIN~ OF Ti~Y~ PROd~C'Y' 2.1 Davelooer to A~ra~age for Project Des~ n r~,~n~er's ~cT~.~aie, pevoloper ahall provide for the desi~n of the Project by design pTOfessionals acceptable to, aad in accordanca witli the customary requirement~ of ACHD: The design ef tho Project shall be i~ aocordanc~ aritb tha standards and spocifications sei fortb in tha ACHD Policy N~nual. Aeveloper shall also obtaia an Bn~ineer's F.stimate of tho Prof cct Costs. 2•2 ~ ' t-o -Wa . AC~CA shall pcovide accoss to the public right-af-way to l~eveloper and its age~ts as may be reasonabty neccssary in connection with ths Project design and tbe Engineer's Estimats. 2.3 ~inai Agprova o_f Fin~sl Pla~. ACHD shall appzove, in its discretion, the 8n$ineer's Bstimate and thc Project plans. ACHD aad DBVelopor shall aeknowtedge in writing the finsl, approved Project plans and tha ~nginaer's Estiraate prior to coiumenaement of oonstruction. and aeither shall thereaRer be modified in aay matorIal way unless suoh modiftcations are approved in wr~ting signed by ACHD and Developer: 2.4 UBliverv of _ Documenta to ACHD Following tho parties' written ackaowlodgment oP tha fina[ Project pians attd Eaglneer's Estimate, pevelopar shall cause the Project engiaeer to snbm~t thc followiag to ACHD: a. three (3) sots of ths Project plans; b. ona (1) copy of the En~lnoer's ~stimate; and c. any other related information «quasted by ACHD. 2,SAoeess to Informa~~y A~p, pevaloper shsll provide ACHD with ~ccess to all destgns, plans, speolfic$tiotts, reports. d~ta and other materlais (both digital, electronic aad hard copy) produced by peveloper and its agents aad contraciors under this Agrccment. Pinc Avanue Extcrts~ou, #6080Q1 Cooperativa pevetopment Agrasmeat - 3 FILE No.814 8Ti02 '08 15:20 ID:ACFID FAX~1 208 3457660 PAGE 5i 13 3ECT~ON 3. CONSTRCJCTIQN CONTRACT 3.1 Solicitin Bids. Aftar ACHD has apptoved the Project plans and tbe Bngineer's Estlmate, Develop~r shall sollcit $ minimum of three (3) bids for censtruction of tho Projoot in complianae with the approved Project plans and tbe rol$ted raquiremeats for public highway projects $s required by ldaho law. a. ACHD shall raview and approve tha bid amcunt prior to Aaveloper $warding contract. 3.2~ontract Terms, Thc construction contract shall include~ at minimum, the following provisions: a. a requirement that the eontractor provide payment artd perfocmance bonds required by the Public Contracts Hond Act, Cbapter 19, Tetle 54, Idaho Coda naming ACHD as an additional benef4iary; b. a requiremeAt that tbe successful bidder be liceused as ~ public works contractor (Chapter 19, Title S4, Idaho Code); c. a sequirement that the construation of the Project in accordanee with tbe approved deaigns, plan~ and specifications be Sabstantially Campieto withia iwenty (20) weeks frotrs iho date Developee issues a aotiee to proeeed to the contractor, ar no later than October 31. 2008; d. a requirement that the contraator psovide a phasing plan far the aoastructioa of the Project. Tha pbasing plas~ sha!! alsa provide for a miaimurn of three (3) traval lanes (ono wostbound $nd two eastbound) to remain opan at tha intersection of Pine Avenua aad SH-SS~thraughout the duration oP the Project, subjeci to scheduled temporary closures as deemed necessary and appro~ved by ACHD; e. a provision that the timo foc Substantial Corapletion will only be extendcd by (i) aots of Ood, (ii) war, (iii) dalays causcd by ACHD. (iv) utueason$ble detays causad by utilities~ as determiuod by ACHD~ or (v) any request for extensians of titne approved in writing by ACHD; P. a scquirement that tho contractor shaJl pay liquidated damagcs of Une Thousahd Dollars ($I,000) por day fo; oacb day that 3ubstsntiat Cornpietioa of tha construction is dcleyed bsyond twcnty (ZO) weaks from tha date Developer issu~s a notice to procead, or no later than October 31, 2008, os beyoad the extendec~ date as allowed by Section 3.2(c) abovc; g. a rayuirefient t&at the onntractor rnaintaia liabil9ty insuranca i~uring against bodily in,jury ar death with limits of bot lcss than Two Million Dollars ($2,000,000) per person and per oecuireuco, and property damage Pine Avtlnue Extension. #608001 Cooperative Development Agreau~eAt - 4 FILE No.814 07i02 '08 15:20 ID:ACHD FAX:1~ 208 3457650 PAGE 6i 13 with a Iimit of Onc Million Dollars (51,000~000) per occurcence, naming both Developer and ACHD as co-tr~surcds; h. a provisious that the contcactor shall indemnify ACHD and pevcloper frora any and alI claims by third persons arising out of the performance of the contract; i. a provislon tbat thc coatractor shall obtain the ~nvironmcnial Protectiou Agency (EPA) Constavction Qenoral Permit (CGP) attd that the contractor shalt ~ile a Notice of Yntent (NOI) aad develop snd impicment aa approved Storm Water Pallution prevencion Plan (SWPpP) pr~o~ ~ eo~menc~mcnc of construction, and that the contractor shal[ not filo a Notice of Tormination (NOT) with th~ BPA unti! authorized in writing by ACHD. Authorization for thc contractor to file the NOT will be granted by ACHD wben the area subject to the CGP has achieved final stabilization as def~ed in the CCrP. j. st least a one (1) ysar warranty on the work and materials of the Project tbat is aasignable to ACHD; artd k. a provision that ACHD may unilaterally assign the constructioa contract to a third party in the event of a d~fault by De~velopar under this Agreament. 33 Condit~ons Precedent to E~,ecuti°n of Construction Co~traet, Prior to execution of the conatruction contract~ ~he following canditions shall be satisf3od: a, Agpro~al uf Constructio C~, o ~, pevcloper shalt abtain the written approval of ACHD of the form ~nnd terms of the coastruction contract, which may bc withhald for any reasoa~ including but aot limited to Dcvelopcr's failure to ebtein a constructloa coatract that coatains the proviaions set forih in Section 3.2 above. but which shall aot ettterwisc be unreasonably witltheld; b. ~~ t-of-W g~nd Fas~gtents, Aay rigbt-of-way reqyirnd for the prnject sha11 bc recordcd prior ~to construction of the Projoct. Ali sidewalk, storm drain. siepe or other easaments required for the projoct shall be dodieated to ACHD by neveloper at no cost to ACHD and shall ba recorded prior to constsuation of the Projsct. Letcer of Credie or ~ash Bond, D6veloper shall provide ACHD with an irrevocable aud unconditional lctter of credit in favor of ACHD in an amount aqual to one hundred and ten percent (110%) of the total of th~ contr$ct price of tba Rcimbursable Projeot Costs tess Fivo I~iundred Tbousand Dollars ($500,000) Yor the purposo of assuitng ACHD thai Dsveloper will perform its obligations her.eunder. Tha letter of credit sha11 be issued by either a natioaal bank with a branch in Ada County, Pine Avenue LxteASion, #608001 Cooper8tivo Dcvelopmeat Agreement - S FI'~E Nlo.814 07i02 '08 15=21 ID~ACHD FAX~1 208 3457660 PAGE 7i 13 Yda.ho or ttuoihsr fiuancial institution acceptable to ACHD. The lettcr of credit sh~ll be delfvered to ACHD prior to Developer's execution of the co~stsuctiob aontract. Ya lieu of ~ lettar of eredit, tho pevaloper may provlde a eash bond in the satne amouni, or pledge othor security acceptable to ACHb of cqual value. When aIl DeveIopor's cont~actors for the Project havo been paid and ACHD bas issned its certiffc$te of completion oP tha Project, sucb assuranca shall ba coleased to pevoleper. I~ its so18 diseretioA, ACHA may a~low the reductioa oP thc assuraace as payraents of Costs of the project ara raada during the coursc of construatiob. 3.4Con.~„~- of Gontract o q~D, poveloper shal! provide ACHD with a copy of the exeCuted constructton contract. 4.I Per~its and F,~es. Prior to tho commoncament of const~uction, Aeveloper ahall require that the contractor (i) has obtained all applicable pecmits to wor[c in tbe right-of-way~ and (ii) has paid all applicable fees for such parmlts. Daveloper acknowlcdges that this Agreement will not f~nction as an ACHD pernzit to work in the public rlght-of-way, 4.2~tanacr of Construction, Upon ACHD's written approval oP the coAStruciiop contraet, Daveloper shall provide for construction of the Project in complianee with the construction coptract and with tha customary requirements ot ACHA, aad shail diligoaUy and continuously prosecute such consisuction to comptetioA. 4.3 C~sgg Orders t~ Contr ct, Developar shall obtain the wcittan approval of ACHA before approviag any change order ia the construction contr$ot ff (i) the cost of the c6snge order will exceed ono percent (1~Yo) of the coatract price; $nd/or (ii) the eumulative total of all previously appsoved cbange ordess oxceeds tet~ peraeat (10`Yo) of tba contraCt price. 4.4Ins~ect~ons. Inspecting and testing shalt be accomplished as required by and in accosdance with ACHD standards. ' 4.S Issuance oY Certific e of Completion. a Upon completion of thc construction of the Project, Ueveioper shail f~mish to ACHD the Project Manager's writton enrtifieation that the Pmject is cou~pleta in accord~co with thC approved plans. b. Withi~t fffteen (l5) days aftar delivary of the Projcct Manager's written cartit3cato~ ACI~D shall either (i) accept the same or (ii) provide a written itemization of those matters it reasonably finds to bc nop-conPorming, in wl~ich ease Developer sh~l promptly cause the svmediatioa of a11 non- conforming tuattors. Pinc Avenue Extansioa~ #608001 Cooperative Aevelop~ent Agteeusent - 6 F1LE I~o.814 07i02 '08 15~21 ID~Aq~ FAX~1 208 3457650 PAGE 8i 13 c. ACHD shall solcrtowledge its accaptaqce of t~e Pruject ia writing as vomplete ~ and issus a oert~~cate stating that the project ia completa (a "Certificate of Completion"). within fiftca» (15) days sfter the latcr of (i) delivery of tha Project MaAager's cet6if-catioA to ACFiD, or (ii) remsdiation of any nu~-eonforming raatters. d. Upon issUaace of tha Certificate of Completion. Aeveloper shall deliver to ACHD drawings fos the Projcct, as-built~ in botb a reproducible printed format on mylar and in alectronic files iQ AutoCAp format. 4.6 Warrantv, Upon issuance of the Certificate of Complction, Develaper sha1l complete ~il paperwork t~eccssary to asslgn to ACI~D the eonuactor's (1) one ycar warranty of tha work and matarials on the Projecx 4.7Representationy ~~-a 'CVarranties. poveloper iepresents a~td warrants that upon oomplatio~ of thc pcojeot. the Project shall be free ancl ctear of all tiens and eacumbranccs that were not crested by or with thc wtltt~n consent of ACHD. ~SE~TI,~QN s ~AYMENT O~' PR0.IECT C03TiS• FINAx. ACCOUNTING AND SE~'~EM~NT 5.1 ~'$vrriBnt of Praiect Costs. Al! P~ojcct Casts shall ba paid and funded by Dovolopar~ and ACHD shall pa~ Dcveloper the Reimbursabla Project Costs in the manner set forth herein. S.2Pay~en~of Rgimbursable Proje osts, ACHA shall pay tho Reimbursablc Projeet Costs to Developer in the following manner: a. Final Aeao t r~i g. Within a reasauable period atjter issuaace of the Certificato aP Completion, Developer shall submit ta ACHA a fiaal aecvuntltt~ of the Reirnbucsable Pmject Costs. b. ~areement of I~inal Amau~t. Within fiPteen (15) business days (3-wecks) after pevoloper's submittal of the Reimbursable Project Costs, Developer and ACHD shall reach an agrremcnt and aclutawledge in writing as to the final amount of the Relmbursable Projoct Costs. c. Pavment of Reimburgable PrQject Costs. i. It~imbutsa~],n Projg~t C~sts ACHA shall pay to peveloper the foIlowing InstalIments, untii all Reimbursable Project Costs hava beeA paid to Developer. Within thirty (30) days after agreoment ns to the Rsimbursable Project Costa, ACHD shall pay to Developer Fiva Hundred Pins Avenuc Extension, #6p8001 Coaperativc Development Agreement - 7 FILE No.814 07i02 '08 15~21 ID~Aq-ID FAX~1 208 3457650 PAGE 9i 13 Thcusand Dollars ($500,000), towarda the Reimbursable Projeot Costa. 'Within thirty (30) days aftor agrcoraent as to tbe Reimbursable Projoct Costs, AC~IA shatl pay to Developer the amount equat to the sum of a!L Elieible Impact l~ees AC~Ip h$s oollected to date not to cxceed one half the tatal remaining Rejutbursable Projoct Costs. Tho other half of the remaining Reimbussable Project Costs sha11 be subject to au Impact Fee Credit Agreement attacbed es Exhibit "B" and aha11 noi be. roimbursed from Eligible lmpset Feea. ThereaPter, for each Eligible Impact Fae ACHA collects, the amovat equal thereto shall be paid to Aeveloper on a quarterly basis begianing Janvary 1, 2U09, untt! sil lteimbursable Project Cos#s t ha t are not subject to thc Ympact Fee Credit Agreeruent hav~ been paid to Daveloper. Such payments sha!! bc made withi~ forty- five (45) d$ys of the end of each qusrter. d~ ' c e a . ACHA may at its sola discretion make reimbursement payments to Dcvelopcr other than those required to be madc by Section 5.2(c), tber~by accalerating reimburseraent af the Reimbursable Project Costs, Au~ such additionat paymc~ts sha~~ not be a waivar of the requirement to make future payments required by Section S.2(c) as EligibIc I~lpact ~ees are collected, until all Reimbursable Project Costs aot subject to the Impact Fce Credit Agreement have boen roiuibursed to Developer. 5.3 N4 Ynterest, Wo interost shall accruo on Reimbursable Project Costs, subject~ however, to the provisions of Section 6.2 regarding past duo reimbursement iYtstallaients. ~~crioN 6. ~~~r~nrEs 6.1 Default by bevalaoer. !n additlon to sueh other reirtedies at law or in eguity for default that ACHD mey have, in the event Qeveloper fails or negl8cts to perform its obligatlons qnder the terms and provlsions of this Agrcemept in the time and manner required hereia~ ACKD may w[thhold any reiuiburseraettt due to Aaveloper heseunder unti! such defaults are oorrectad to the sarisfaction aF ACHD. 6.2~efault b,~ACHD, Ia the event ACHD fsils or neglects ta parform its obtigauous under the te:ms and provisions of this Agreement in the teme and maunts required heroin, Aeveloper shall bo esntitled to alI romedios availublo at law or ia aquity. Without liu~iting tha ganeralst~- of the fo«go~g, attd in Piue Avonue Extension, ~608001 Cooporative Dcvelopmcnt Agreemeni - S FILE No.814 07i02 '08 15~21 ID~ACHD FAX~1 208 3457650 PAGE 10~ 13 additioa thereto~ any reimbursement instailmortt of Reirabursablc Pioject Costs aot pa~d to Aeveloper by its due date shall bcar interest from the duc date until paid ai one-ttalf of the lege) rate ptovidcd in Idaho Code § 28-22-104. 6.3 ettorn~v Fees. Sho~ld eithar pai~ty find it necessary to employ an attorncy for representation in any action seeking enforceYpcnt af any of tha provisiens of this Agreet»aut, or to recover damages for the breach of this Agreemesst. or to resolva aay disagreement ia interpretation of this Agreement, or w obta~n assistaaca in any arbiUatioA, the unsuccessfyl party in any final judg~ment or award entored therein sbal! reitnburse the prevailing party for $Il reasonabte costs. charges and exponses~ including sttorneya' fees expended or iaeurred by tlu prcvai~ling party iu conn~ct9on therewith and in connectfo~ with any appeal, and the sa~t~e raay be included in such judgmeqt or $ward. ~ECTYON 7. OTHETt ~ROVYSIONS ?.I ~iQticea. Any aotice required to be ~iven hereunder shall bo in writing and sball be deemed offectively given: (a) upon persons! delivery to the par[y ta be notIfied, (b) when sent by oonfirmed electronic mail or facsimile if sent duriag normal businesa hours of tha recipient; if not, then on tbo aext business day, (e) four (4) days aPter ha~ving been scnt by prcpaid reglstered or ocrtified mail~ or (d) oae (1) day after deposit witb a r~ationally recogAized overnight courter, specit~ing naxt day delivery~ with written veri~cation of receipt. All comrauniaatiens shsll be to the~ respective parties to this Agr~ement at the following addrossds: Ada Couaty Highway pistrict Attn: Chrlsty Richardsott, Program Administrator 3~75 N. Ad~s Street Qarden City, Tdaho 83714-6499 Telephone: (208) 387-6144 Aacsimile: (208) 38?'-6393 DM8 Invesuneats Atttt: pan Torfin 2S0 S. Haechwood 3treet, Suite #124 Boiso, ID 83709 Telophone: (208) _- Facsimile: {208) _ 7,2 CAeica of Law. This Agreemanc shall be governed by. a~d construad in accordance with. tha laws of ~he State ef Idahu. Pine Aveauc Extension, #60800I Cooperative Develvpment Agraement - 9 FILE No.814 07i02 '08 15~21 ID~ACFID FAX:1 208 3457650 PAGE ili 13 7.3~ All exhibits to thIs Agreement are incorporated by refereACe and made 8 part of this Agrcemont as if tho exhibits wcra set forth in tbeir eatirety in thIs A~rccment. 7.a E~}tue A~, 't'his Agreement aad the exhibits hereto constitute the fti11 aad entire ur-derstanding and agreentent betwaen tbe parties witb rcgard to the transactio~ oontomplated herain. and ao party shall be liable or boand to aay other in aay mauner by any represantations, w~rranties~ covenants and agreaments axeept as specific~tlly sei forth haceib. 7.SAclrnowledg~ents a~qd Modi~~tions. No acknawledgments required hers~tndar, and no ~todificatioa or waive~ of at~y provision of this Agreement or cona~it to departare therefrom~ shall be effective unlBas in writing and signed by ACHD and eacb of the parties aomprising Develeper. 7.6~ adin~s. The headings usod in this Agreement are used for cntivenience only and are not to.ba consid~red in consttping or interpreting this Agroeraent. 7.7 Sucoesaors and Assigns. This Agrcement shaq be bindin$ upon and inute to 1ho bcneFt oP the parties herato and thein c~irs, successors and asstgns. and shall sar'vive any t~ansfer by Developcr of al) or pari of its interest in tbe Etigible Developmeut Area, provided. however, tbat the benef~ts to Aeveloper of this Agreatueat shall not be construed to run with the Iand eomprising the Eligible Development Asea. 7.8C~unterparts. This Agreement may be execut8d in two or mote Counissparts, eaah of ~ which shall be deomed an original, but all of which together shall constityte onc atid the same instrument. Pina Aveuue Exteasion, #608001 Cooperative Devolopment AgreCmeat - 10 FILE No,814 (Y1i02 '08 15:21 ID:ACHD FAX:i 208 3457650 PAGE 12i 13 ~ i ~ IN W7TNE33 WHEREOF. the parties hsreto have axecuted this ~ Agreomeat the day and year first abovc writtcu, I D~VEi.OPER: DM8 IaveatYUe D nnis B$1ter, anaging Partnar ACHD: A A 4 T HI(iHWAY DISTRICT ~ ~~ ~ J n S, Frande~~ Commission Presldent Ex6fbEts Exbibit A Eligible pevolopment Ar~a ~xhibft B impact Y~ee Credit Agreement - Pino Avenue Extension, #60800I Cooperativc Dovelopment Agreemont - 1 I FILE No.814 07i02 'OS 15:21 ID:ACHD FAX:1 208 3457650 PAGE 13i 13 ,:.~. .,_. r --- ~ • t. ~.. , _~ ~ ~ ~~~~ ~~ 1 `r :J~ ' ~ . .y; ~_7p. ~~ ~.. _ ^'~ ~ i ;i • 1~~ Y ,~, ~ . ~. _ , ~ ~ .. ' -~_ ~- ;;~ . . Y-. , ~!s„ -- ~. • ~ ~r I~1 ~XH(81T A EUGIBLE C~VELOPMENT AREA E~~HIBIT B ~ I-------------------------------------- ~ -~ . I ~ r-------------------------------------------- ~ ~ ~ ~ I ' ~ ~ ~ I ~ ~ ~ ; I I - i ~ ~ P ~ I , ~ p ~ ~ ~ ~ I I ' . ' •~ ~ ` I I ~~ , ~ a ~~ ~, ~ D , I ' ~! . ~ ~~ , I ~~ ~ ~ ! ~; ~ ~ ~ ~ '~ ~ ; I . ~ tl'~ ewE cAass cF ~,a ^ -Wt AYLNUt -~1N 61fm1' ~^~adront ~~ EXN181T B W en~u n~ na .... ...a~ ~~..~.~. e.~:i~:.,..... TC ~HIBI E i ~ . I , ~ I i , ~I ~ z I m ~ D~ ~ ~) ~ t I ~ ~ ~ ' ~ ~ ~. ~ 1 ` ~ 1 ~ f ~ \ I ~ i ~ ~ I ~ ~ ~ ' ~i ~ I 4 ~ I I , I ~ ~ 1 I ' - ~ I I ' , ~ ~ I . ----•--------_:.- . __ N _ EAGLE ROAD = ~~ ~-r1-'1 ------ ' -------•--------•--- ~ -----------• •~ ~ • I ti ""- '~"'j°~ wnr~ca~ e~ot-R~' ~I~i adrant ~e ~ EXHIBIT C °/^f1~°~ ~ ° A r~ ~rA~ A~~1~i P1~~r E~HIBIT D ~._._._..._._._._._.~_._..._._.-•-•-•_ 1 ....~._._._._._._._.-•- ~ I ~_ {~ ~ ~ ~. ~ - ~ ~G . . ~ I ~ ~ ~ j /~ . ~ , . ~ ~ F . . Ap ; ~ ! ' ' ~ I ~ I ~ I 1 ~ I ~a I i I ~ ~ ~ I 1 ~ ~, I ~ . ~t ~ ~ ~ GEMTONE CENTER ~ NC ~ ~, ~ I s ~ I • ~ w ~~ . ~ ~/ I ~--'~.'- ~ ~ I~ ~ ~ ~ ( ~ ~' , j • ~ ~ ~•.--.-s~-~ ~ ~ ~ • • I • - --- ....y. M. fAOtP 110AD...1.~......~.._....__._..., . ~ ~_ ~ r~~..r~ 6[IIE CRO55 OF lMll~ ~ ' i °" ~'°~ vx~c Arnau orrar ~~1 od-ant 1 ~ p onsu n4 0 ~~w.+ b ~v~ ~~ Mw~~ OAaMwSr~~li.~r E~HIBIT E ~ ~ ~ • ~ ~ ~ s ~•lt~. CI-~[ (~iv.w.w~X'ul~o ~j'o,rvicc .~pril ? 1. 20U8 O \i k3 1 n ~•cst mcnts :\ttn: Dan 7ortin ?~U S. Beech~~•oad Street. Suit~ =120 Boise.lD 83709 RE: Pinc Avenuc, EHglc Itoud to ~iolu / Praject # 60800] l~ear I~an: Card A. McKee, President Sherry R Muber, 1" Vice President pavld Biven~ 2n0 V~ce ~resldent lohn S. f~enden. Comrtslssioner Rebeoca W. Art~ald, Commissianer .aC'HI) an~rr:ciates ynur ei~'oits to ~ti'~rk a•i~h the C)istrict. Ci~y uf ~lct~itli~ut, t~nd Blue C:ross to resol~~e u~cess a~ncerns rais~d in conjuncii~n ~+ith this pr~ject. As n•e ha~•e discussed in tha p~vious meztiii~s. aC.l{n ~~•~q t~~cepc a p~~rtion of the c~+sts associated with ~hr un-siic improrcments necessar~• to constnut an enu:~ncz to f3lue Cross approximately 350-feet eas[ of Rosario S[reet as project expenses (See ~ttached drawing). 1'he~~forc; ~CHD ~~~ill reimburse DMB Invesunem up to a maaimum of 5150.000 Ior actunl canstruction costs u~curred under the terms of the c:urrenl Cooperxtive Developmenl .agiecment to~yard~ these costs. lf ~•~u hfl<< any yuestiuns ~•uu may con[ac~ me at 387-617A, Sinrcn:l~ . ! ;~ . ~ `,`~ ``~''~-." • ~ ~ ~ ~ - , Gfin~ Insclmaii ~ ~•i~n~~,cr. Riglit-of Way and Devel~pmcnt Sen•iccs I ~ Ada Camty Higt~way Dlstr'lct ~ 3775 Adams SVzat • Garden Clty, ID • 83714 • PH (206) 387-6200 • FX 387-6393 • www.achd.ada.id.us IBIT F E~H E~ibit F ESCRO'W ll~TSTRUGTION3 TO SETTLEMENT AGREEMEIV'i' AND RELEASE Escmw Ins~uctions To: Pioneer Tifle Company From: DMB Tnvesbments LLC en Idaaho Limited Liability Company ("DMB'~ and Blue Cross of Idaho Health Services Inc. ("Blue Cross'~, funds deposited for Pine Street access to Blue Cross property under the Settlement Agreement and Release. 1. These Escrow Instructions constitute joint and mutual instructions from DMB and Blue Cross to effectuate DMB's and Blue Cross' agreement under the Settlement Agreement and Release in which the City of Meridiaa, a municipal corporation of the state of Idaho ("City'~ is also a party. 2. These Escrow inst~uctions may not be amended or modified except by the separate written inshuments signed by both DMB and Blue Cmss. 3. A true and wrrect copy of the Settlement Agreement and Release aad Exhibits A through E shall be deposited with these instructioas. 4. DN1B has deposited with you a checlc ia the amount of S 155,000.00, which you shall deposit °vn an interest bearing accoimt with interest payable to DNiB and retain and disbucse in accordance with these instiuctions. Blue Cmss' tax identification # is: --~.-~ DNiB's tax identification # is: g~2 03~~2•~4. 5. The funds shaU be used for the purposes desoribed in the Settlement Agreement and Release, namely BCI Improvements as deSned in the Settlement Agreement aad Release. DMB shall submit a disbursemeat request and authorization to you from time to time, JointlY signed by DMB and Blue G~oss, wherein Blue Cross sl~all certify thatthe disburseme~ request is for the BCY Improvements wirich will also be counter signed aud appmved by a representative of DMB. The Disbursement Request and Authorizetion shall be in a fomn substantiaUy similar to tl~at atta.ched hereto as Fxhibit Fl. 6. Upon final completion of the BCI Improvements and upon fmal payment for all services and/or matsrials for the BCI improvements, aay funds remaining in the Escrow account shall be returaed to DMB. DATED T~IIS day of ~ 2008. Exhibit F Escrow Instructions Accepted aad Agreed to by Pioaeer Title Company. Pioneer Title Company BY: Its: DATED THIS day of~ 20U8. Blue Cross of Idaho Health Services Inc. BY: its: ~'~Si i- ~ DATED THIS ~d day of Juae, 2008. DMB Investmen C. BY: c'~ .,. , {Q• ~,~~u.4 Its: Exlubit F-1 DLSBUltSEMENT REQUEST AND AUTHORIZATION The undersigned representative of Blue Cmss of Idaho Health Services Inc. does hereby certify that it has incurred actual cost aad expended fimds in the amount of $ for the BCI Improvements as defined in the Settlement Agceement and Relesse and hereby requests that you release these funds in a check payable to Blue Cross of Idaho Health Services Inc, in tt~at amoun~ Copies of invoices totaling the amouat of ttus sum are attached. Blue Cross of Idahp Health Services Tnc. BY: Its: DATED THIS ~ day of J v h p, 2008. Request approved by DMB Investments LLC BY'~,,L.> ,~ I~: ~~~ ~ DATED THIS day of , 2008. FVS/ej c~~)