HomeMy WebLinkAboutStreet Light Agreement with SR2 Development for Midtown Square SubSTREET LIGHT AGREEMENT
This Street Light Agreement is made and entered into between
the CITY OF MERIDIAN and SR2 DEVELOPMENT COMPANY, pertaining to
the street lights in Midtown Square Subdivision, a residential
development in Meridian, Idaho.
For good and valuable consideration, the receipt of which is
hereby acknowledged, the parties agree as follows:
1. SR2 DEVELOPMENT COMPANY has provided six (6) street light
poles, concrete pole bases, fixtures, bulbs, and ballasts
to the residential development known as Midtown Square
Subdivision, Meridian, Idaho. The parties acknowledge
that the six (6) street light poles and fixtures were
specially ordered items, not customarily used in
residential developments.
2. SR2 DEVELOPMENT COMPANY, or its assigns, agrees to
replace, repair and provide any required maintenance of
any of the above mentioned street lights, globes,
ballasts, and/or components thereof, that may hereafter
be broken, damaged, or deteriorated, or require
maintenance, at its own expense; and it is further agreed
that SR2 DEVELOPMENT COMPANY, or its heirs, successors
and assigns, shall keep the lights operational at all
times, it being understood by the City that globes, and/
or ballasts, do burn out and that the City will allow a
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 six (6)
street lights located in Midtown Square Subdivision in
the usual and customary manner.
4. It is agreed that the City of Meridian, because Idaho
Power Company will not maintain the globes and ballasts
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 provides that Idaho
power would provide maintenance, globes, and ballasts.
It is also agreed that lighting served under the Schedule
40 Agreement must be controlled by a photo electric
device of the "fail safe" type.
5. It is understood and agreed that SR2 DEVELOPMENT COMPANY
will assign its rights and obligations hereunder to
Midtown Square Homeowners' Association when said
Homeowners' Association is formed and operational.
MIDTOWN SUBDIVISION STREET LIGHT AGREEMENT .Page 1
6. This AGREEMENT shall be binding on SR2 DEVELOPMENT
COMPANY, its heirs, successors and assigns, and the-City
of Meridian.
DATED This ~Q~ da of ~`-~~~`~
Y
1994.
~~"`w'~~s .~~'~k~ CITY OF MERIDIAN, a municipality
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ATTEST:
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City Clerk, William G. erg, Jr.
SR2 DEVELOPMENT COMPANY
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BY
President
ATTEST:
Secretary
MIDTOWN SUBDIVISION STREET LIGHT AGREEMENT Page 2
,.
STATE OF IDAHO, )
ss.
County of Ada, )
On this ~d~day of l~c~c ~1~ L.~'j , 1994, before me,
the undersigned, a Notary Public in and for said State, personally
appeared Grant P. Kingsford and William G. Berg, Jr., of the CITY
OF MERIDIAN, a municipality and political subdivision of the State
of Idaho, known to me to be the Mayor and City Clerk of Meridian,
Idaho, who subscribed their names to the within and foregoing
instruments in their capacity as -Mayor and City Clerk, and
acknowledged to me that they executed the same in the name of the
CITY OF MERIDIAN.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year- in this certificate first above
written.
~Y PUBLIC FOR IDAHO
ding at Meridian, I aho~
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STATE OF IDAHO,)
ss.
County of Ada,)
On this ~d" day of , 1994, before me,
the undersigned, a Notary Pub is in and for said State, personally
appeared Steven K. Ricks, known to me to be the President and
Secretary, of SR2 DEVELOPMENT COMPANY, who subscribed this name to
the within and foregoing instrument and acknowledged to me-that he
executed the same on behalf of said Corporation as President and
Secretary.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year in this certificate first above
written.
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MIDTOWN SUBDIVISION STREET LIGHT AGREEMENT Page 3
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