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HomeMy WebLinkAboutStreet Light Agreement with Kingsbridge Properties, LLC for Kingsbridge No 1 ADA COUNTY RECORDER J. DAVID NAUARRO AMOUNT .00 BOISE IDAH010119/06 02:31 PM DEPUTY Uicki Allen III IIIIIIIIIIIIIIIIIIIIIVIIIIII II III RECORDED-REQUEST OF Ciry of Meridian 106165915 STREET LIGHT AGREEMENT This Street Light Agreement is made and entered into between the CITY OF MERIDIAN and Kingsbridge Properties LLC, pertaining to the street lights in Kingsbridge Subdivision Phase 1, a residential development in Meridian, Idaho. For good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 1. Kingsbridge Properties LLC will provided 16 street light poles, concrete pole bases, fixtures, bulbs, and components to the residential development known as Kingsbridge Subdivision Phase 1 in Meridian, Idaho. The parties acknowledge that the 16 street light poles and appurtenances were specially ordered items, not customarily used in residential developments in Meridian, Idaho. 2. Kingsbridge Properties LLC, 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 burn out and that the City will allow reasonable time to replace them. It is agreed that the City of Meridian authorize and pay for the electrical service to be supplied to the 16 street lights located in Kingsbridge Subdivision Phase 1 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. It is understood and agreed that Kingsbridge Properties LLC will assign its rights and obligations hereunder to Kingsbridge Subdivision H.O.A. when said fl:omeowners Association is formed and operational. STREET LIGHT AGREEMENT Page 1 e~J This AGREEMENT shall be binding on Kingsbridge Properties LLC. its heirs, successors and assigns, and the CITY OF MERIDIAN. Dated this day of ~ , 20~. CITY OF MERIDIAN, a municipality and Political subdivision of the State of Idaho By ~~~r ; ~~CC~~' Mayor DeWeerd. l ATTEST: \`\```~~t~~ ~ '/~fff~~'~~ ~, ~}~ ,. ~ ~ ~ ~~ ~~~~ ~ ~ ~~ William G. Berg, Jr., ty erk y :gip ~.~~.~.'~ ~~~' Kingsbridge Properties LLC By ~ Randal S. Clarno, a aging Member ATTEST: Teresa Hewitt, Secretary STREET LIGHT AGREEMENT Page 2 r~ 3 STATE OF IDAHO, ) ss. County of Ada, ) On this~day of ~ , 20 DLO, 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. O G'' i : ~~~ T~ ~js i ' ,~` ~, • ~P ~ ~• SEAI, ; ~;x• ~~ ~ 1,~ ~ ~~ • ~, ~~ ~~~F :DA~Q ~~'~ STATE OF is%ho ~) ss. County of ~~~ ,) ~__ llSL9~-~ NOTARY PUBLIC FOR IDAHO RESIDING AT~'~~~ , lU MY COMMISSION EXPIRES 1(~- ~ ~ -1 ~ On this Z5 day of /~~~~'~~ ~~' , 20 oC~ ,before me, the undersigned, a Notary Public in and for said State, personally appeared RANDAL S. CLARNO and TERESA HEWITT known to me to be the Managing Member and Secretary of Kingsbridge Properties 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 and affixed my official seal the day and year first above written. ```o~fOBlll//0'~' ~~` NN ~ N B ~~i SF,AL ~`~`~~. ~,~~~~yc~,~ -_ 'p~~'SL1(=, r ~,~~a~ STREET LIGHT AGREEMENT RO ID NG ATBI %d/~O/Q~D~f,I~I MY COMMISSION EXPIRF,S _ ~1 2~/G __ Page 3 ~ 3