Centers Apartments Phase II"~ ,.
ADA CUUNTY RECORDER
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ASSESSMENT AGREEMENT
309, 313, 317 SOUTH MERIDIAN ROAD
CENTERS APARTMENTS PHASE II
This Agreement made and entered into this 14th day of September, 1998, by and between the
CITY OF MERIDIAN, a municipal corporation of the State of Idaho, hereafter referred to as CITY,
and CENTERS CONSTRUCTION, hereafter referred to as APPLICANT, their heirs, successors,
assigns and personal representative.
WITNESSETH:
WHEREAS, The following assessments are calculated by the City based upon information
supplied to the City by the Applicant and/or historical information on record for a similar facility
and/or established in the City's Ordinances for the proposed type of facility.
Sewer (ERU) SIXTEEN (16)
Sewer Assessment per (ERU) $1580.00
Sewer Assessment Total $25,280.00
Sewer Latecomers Fee per (ERU) N/A
Latecomers Fee Total N/A
Water (ERU) Domestic /Landscaping SIXTEEN (16)
Water Assessment per (ERU) $704.00
Water Assessment Total $11,264.00
Water Latecomers Fee per (ERU) N/A
Water Latecomers Fee Total N/A
* (ERU) Equivalent Residential Units
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
The above recitals are contractual and binding on the parties
2. Both parties to this agreement acknowledge that the above assessments were determined
from the information referenced in the first recital, and not actual metered flows, and that the
assessments for the proposed facility will be re-evaluated after a period of twelve (12) months
of full service, final occupancy, to determine if adjustments are warranted. The City shall
refund any overpayment of assessments resulting from the re-evaluation, or the Applicant
shall be responsible for, and shall pay within (10) days the shortage of payment resulting from
the re-evaluation.
f~~COt~0E0-REQUEST OF
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CENTERS CONSTRUCTION
ASSESSMENT AGREEMENT
Page 2
Secretary
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G. Berg, Jr., City
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CENTERS CONSTRUCTION
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CENTERS CONSTRUCTION
ASSESSMENT AGREEMENT
Page 3
STATE OF IDAHO, )
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County of Ada, )
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On this ~ 4f~day of Sep~l~r, ~-99~8, before me, the undersigned, a Notary Public in and for
the State of Idaho, personally appeared, / C~ ~~,,~~ and-
, known or identified to me (or proved to me on the
oath of ), to be the President and-f~~ of CENTERS
CONSTRUCTION and who subscribed their names to the within instrument and acknowledged to
me that they executed the same for said CENTERS CONSTRUCTION.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day
and year first abo~itC'R ~:..,~~.,
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STATE OF IDAHO, )
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County of Ada, )
I~Iotary Public f~daho
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On this l~tlyday of Se~pEerr~ber, i~H$; before me, the undersigned, a Notary Public in and for
the State of Idaho, personally appeared Robert D. Corrie and William G. Berg, Jr., known to me to
be the Mayor and City Clerk of the City of Meridian, Idaho and who subscribed their names to 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.
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