Pinnacle Development, Inc.. , ..,,
r~Or~ CU~~dI"t ~tECfl~~l=r
J. 601SE, D~~R
1998 SP 17 P~ 1= 16
REC4R~~a-kEQUEST
F~~~DEpllTY
~~ 98089 18
ASSESSM~i~'~ A~~EEMEi~i~
LOT 6, BLOCK 1, MEDIMONT SUBDIVISION
195 SOUTH ADKINS WAY
This Agreement made and entered into this 17th day of August, 1998, by and between the
CITY OF MERIDIAN, a municipal corporation of the State of Idaho, hereafter referred to as CITY,
and PINNACLE DEVELOPMENT, INC., 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 similaz facility
and/or established in the City's Ordinances for the proposed type o~facdity.
Sewer (ERU) FOUR (4)
Sewer Assessment per (ERU) $1,580.00
Sewer Assessment Total $6,320.00
Sewer Latecomers Fee per (ERU) N/A
Latecomers Fee Total ~ N/A
Water (ERU) Domestic /Landscaping FOUR (4)
Water Assessment per (ERU) "$7~~•~
Water Assessment Total $2,816.00
Water Latecomers Fee per (ERU) N/A
Water Latecomers Fee Total N/A
* (ERU) Equivalent Residential Units
NOW, THEREFORE; ITIS Y AUREFD 7~S FOLI;~O-WS:
The above recitals aze 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 Mows, 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 aze warranted. The City shall
refund any overpayment of assessments resulting from the re-evaluation, or the Applicant
shall be responsiblefor, and shall pay within (~i 0) days the shortage of payment resulting from
the re-evaluation.
•.~
PINNACLE DEVELOPMENT, INC.
ASSESSMENT AGREEMENT
Page 2
Secretary
Corrie, Mayor
__~ _ s
G. Berg,-~r., City
.°
$ $~i~~+
y
D
'. '~o T 13'~ ' ~ •i`
v+t~irt/tfa~i~nttie
.~
•.
PINNACLE DEVELOPMENT, INC.
ASSESSMENT AGREEMENT
Page 3
STATE OF IDAHO, )
. ss.
County of Ada, )
On this 17th day of August, 1998, before me, the and signed, a Notary Public in and for the
State of Idaho, personally appeared, and
~i , known or identified to a (or proved to me on the
oath of ), to be the President andSecretary of~INNACLE
DEVELOPMENT, INC. and who subscribed their names to the within instrument and acknowledged
to me that they executed the same for said PINNACLE DEVELOPMENT, INC..
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day
and year first above written.
SEAL
STATE OF IDAHO, )
. ss.
County of Ada, )
l ~ ~,,,~,~, p
On this ~7tlr day of-~4~st; 1998, 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 ofMeridian executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day
and year~~tw~gy~ written. _
00.~G ~...''•j~s
ALa ,~pTARY
•
~, 1'UBtiZG ~:
o .• O
t•~'o~TE OF 1~~,•~`',,•
N
My Commission Expires