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HomeMy WebLinkAboutReimbursement Agreement with Capital Development, Inc. for Sanitary Sewer Trunkline Settlement BridgeREIlVIBURSEMENT AGREEMENT 15-INCH SANITARY SEWER TRUNKLINE SETTLEMENT BRIDGE PHASES 1,4 and 6 THIS AGREEMENT made this /~ day of ~~~~,~/..~~ , 2007, by and between the CITY OF MERIDIAN, a municipal corporation, hereinafter called CITY, and Capital Development, Inc., hereinafter called DEVELOPER: WITNESSETH: WHEREAS, DEVELOPER owns land inside the corporate limits of the City of Meridian and has constructed a sanitary sewer system to serve their property and future City of Meridian property, shown on Exhibit "A", and has requested reimbursement for the sanitary sewer system; WHEREAS, upon recommendation of the Public Works Department, the Council of CITY accepted and approved the proposal of DEVELOPER subject to all conditions hereinafter provided by this Agreement. NOW THEREFORE, in consideration of the foregoing premises, it is agreed: A. Preparation of Plans. DEVELOPER has prepared plans and specifications, drawings, instructions, bid proposal and all other contract documents for the construction and installation of sanitary sewer system shown on Exhibit "B", including rights-of--way, grades and elevation, and materials used in the construction and installation of said trunk sanitary sewer lines. B. Construction of Sanitary Sewer Trunk Lines. (1) DEVELOPER has installed and constructed the sanitary sewer system and appurtenances as shown on Exhibit "B", subject to the conditions hereinafter provided. (2) DEVELOPER has provided all engineering, surveying, contract administration, permanent and temporary construction easements for the construction of the sanitary sewer system described on Exhibit "B". (3) DEVELOPER has provided all testing, sampling and other normally conducted quality controUquality insurance of installed systems. (4) CITY has provided inspection services for the construction of the sanitary sewer system described on Exhibit "B". C. DEVELOPER and CITY Responsibility for Costs. Because DEVELOPER has constructed oversized sanitary sewer improvements, as shown on Exhibit `B", at the request of CITY, it is mutually agreed that the cost of those sanitary sewer improvements will be shared as depicted in Exhibit "C". DEVELOPER has provided 100% of the cost of the project, which is $376,809. D. REIMBURSEMENT to DEVELOPER. Because DEVELOPER has constructed the sanitary sewer system as shown on Exhibit "B", CITY shall reimburse to DEVELOPER $183,889. E. Term of Agreement. Payment shall be made to DEVELOPER after City Council approval of this agreement. F. Sanitary Sewer Lines on DEVELOPER'S Property. As a condition for CITY entering this Agreement, DEVELOPER has: Submitted to inspection by either the Public Works Department or the Building Department of CITY whenever a building is to be connected to the sanitary sewer system constructed and installed on and within its property. G. Compliance with Laws. (1) In constructing and installing the sanitary sewer system within its property, DEVELOPER, at its sole expense, has complied with laws, orders and regulations of Federal, State and Municipal authorities and at its sole expense shall obtain all licenses or permits which may be required for the performance of this Agreement. (2) Upon connection to the sanitary sewer system, DEVELOPER has agreed to abide by all applicable City laws, rules and regulations pertaining to sanitary sewer systems. H. Indemnification and Insurance. DEVELOPER shall indemnify and save and hold harmless CITY from and for any and all losses, claims, actions, judgments for damages, or injury to persons or property and losses and expenses caused or incurred by DEVELOPER, its servants, agents, employees, guest, and business invitees, and not caused by or arising out of tortuous conduct of CITY or its employees. I. No Assi ent. DEVELOPER shall not assign any portion of this Agreement or any privilege here under, either voluntarily or involuntarily, without the prior written consent of the CITY, which consent shall not be unreasonably withheld. J. Definition of DEVELOPER'S Property. The term "DEVELOPER'S PROPERTY" in the Agreement shall mean the parcels shown on Exhibit "A" attached hereto, and more specifically all of the property included in the Settlement Bridge Subdivision Phases 1, 4 and 6. K. Binding Effect. An executed copy of this document shall be recorded in the office of the Ada County Recorder and is an Encumbrance which shall be binding upon all of DEVELOPER'S assigns, or successors in interest to said property. IN WITNESS WHEREOF, the parties shall cause this Agreement to be executed by their duly authorized officers the day and year first above written. DEVELOPER: Capital Development, Inc. Name (printed) ~. Signature Title ~~Cern~er ll , 2® f~7 Date STATE OF IDAHO ) ss County of Ada ) On this~day of ~e c~,~•-~ ,2007, before me the undersigned, a Notary Public in and for said State, personally appeared ~~~~ ~- ~1or .~ known or identified to me to be the persons whose names are subscribed to the vcn instrument, and acknowledged to me that they executed the same. IN WITNESS WHEREOF, I have hereunto set my,,~iand and affuced my official seal the day and year first above written. ~~" ,.•~~~~t ~. ~ R siding blic For I ~ ~~ ~O 'PC t, Commission Expires: ~,,.,,,- ~+, ~ d v ~~ ~ ~pTaRy . a~ ~(~r•! Z •.~~~ TF OF 10~••. CITY: `~>°> h l l l l l f 11 DDl` „ °A ®i a~ t ATTES ~ ~_` _. "~ ~ _ ~~ ~ CLERK o,® ~ , ~,~~®`~ STATE OF IDAHO ) //'~IOjlNrfo! ar aar~®`'~°® ) SS County of Ada ) On this ~ ~ ~ day of ~~'rY1~T , 2007, before me the undersigned, a Notary Public in and for said State, personally appeared TAMMY DE WEERD and WII.,LIAM G. BERG, JR, known to me to be The Mayor and City Clerk of the City of Meridian, Idaho, who executed the within instrument and acknowledged to me that the City of Meridian executed the same. IN WITNESS Wf~REOF, I have hereunto set my hand and affixed my official seal the day and year first above wri ®e~,.®...~~ .• M. 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