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DEVELOPMENT AGREEMENT FOR 841 NORTH MOUNTAIN VIEW ROAD BETWEEN CITY OF MOSCOW, IDAHO AND BRIAN AND VICTORIA LEFFINGWELL No. 545873 AT THt: Rt:GUFST OF-; - Ctp{!J!NutJ=--- 1 LATA'r-'l.Jt..;NlY rto/ . 001 ER Fee$ B I f't?IJ¥. J.J 175"/pw IP THIS DEVELOPMENT AGREEMENT is entered into this day of Iu..&"r , 2011, by and between Brian and Victoria Leffingwell, jointly and severally referred to herein as "DEVELOPERS"), 841 N Mountain View Road, Moscow, ID 83843, being developers of real property as described herein, and City of Moscow, Idaho, a Municipal Corporation of the State of Idaho, 206 East Third Street, Moscow, Idaho, 83843 (hereinafter referred to as "CITY"); WIT N E S S E T H : WHEREAS, DEVELOPERS desire to develop property located within the City of Moscow, Idaho, commonly known at 841 North Mountain View Road, and as shown in Exhibit attached hereto as a single family dwelling lot, being more particularly described as follows: 841 Mountain View Road, Moscow, Idaho WHEREAS, DEVELOPERS understand that a waiver of public improvements is available pursuant to the Moscow City Code, but DEVELOPERS specifically do not wish to request such a waiver and wish to enter into the Agreement herein; and WHEREAS, DEVELOPERS enter into this Development Agreement of their own free will and accord, without coercion and without inducement and at DEVELOPERS' request; and WHEREAS, DEVELOPERS understand that improvements required herein are standards required pursuant to Moscow City Code Title 5, Chapter 1, and are authorized by Idaho Code Section 67-6513 and Section 67-6518; and WHEREAS, DEVELOPERS agree that the public improvements herein are necessary to provide for mitigation of the effects of the single family lot development on the ability of CITY to deliver services without compromising quality of such service delivery to current CITY residents, the public, or imposing substantial additional costs upon current CITY residents to accommodate the proposed single family lot development; and WHEREAS, DEVELOPERS and CITY believe that, without the public improvements recited herein, CITY would not be able to otherwise provide for mitigation of the effects of the single family lot development on the ability of CITY to deliver services without compromising quality of such service delivery to current CITY residents or without imposing substantial additional costs upon current CITY residents to accommodate the proposed single family lot development; and LEFFINGWELL DEVELOPMENT AGREEMENT 841 N. MOUNTAIN VIEW ROAD PAGE I OF8 ---PAGE BREAK--- WHEREAS, CITY desires to ensure that public improvements and appurtenances required by Moscow City Code Sections 5-1-4 and 5-1-5, consisting of construction of: curb and gutter along the property's Mountain View Road frontage to conform to CITY established Mountain View Road typical section; including a twenty foot (20') wide concrete approach onto Mountain View Road, six foot wide green strip adjacent to the curb, installation of eighty feet (80') of eight inch SDR 35 PVC culvert pipe, and installation of eighty feet (80') of five foot wide sidewalk; all in accordance with CITY standards. WHEREAS, DEVELOPERS have read this Agreement, have understood it, and have had the opportunity to avail themselves of legal and other counsel prior to entering into this Agreement and prior to signing it; NOW, THEREFORE, DEVELOPERS and CITY hereby agree as follows: I. PROPERTY AFFECTED: This Agreement affects property located within the City of Moscow, Idaho, and commonly known as 841 North Mountain View Road, being more particularly described as follows: A parcel of land 0.458 acres, more or less, in size, located in Moscow, Latah County, State of Idaho, and more particularly described as follows: Beginning at a point which is 1,084.44 feet South of the Northeast comer of the NE l/4 of Section 8, Township 39 North, Range 5 West, B.M.: thence West 279.5 feet; thence North 80 feet; thence East 279.5 feet; thence South 80 feet to the point of beginning. EXCEPTING THEREFROM the East 30 feet thereof dedicated for Mountain View Road in Moscow, Idaho. and as shown in Exhibit attached hereto and incorporated herein by this reference. II. REQUIRED PUBLIC IMPROVEMENTS: DEVELOPERS agree to install, at DEVELOPERS' expense, all that public improvements and appurtenances required by Moscow City Code Sections 5-1-4 and 5-1- 5, consisting of construction of curb and gutter along the property's Mountain View Road frontage to conform to CITY established Mountain View Road typical section; including a twenty foot (20') wide concrete approach onto Mountain View Road, six foot wide green strip adjacent to the curb, installation of eighty feet (80') of eight inch SDR 35 PVC culvert pipe, and installation of eighty feet (80') of five foot wide sidewalk; all in accordance with CITY standards. LEFFINGWELL DEVELOPMENT AGREEMENT 84 [ N. MOUNTAIN VIEW ROAD PAGE2 OF 8 ---PAGE BREAK--- All plans and drawings for such required public improvements shall be approved by the City Engineer prior to the beginning of any construction of any such public improvements. III. TERM: This Agreement shall remain in effect until the public improvements required herein are constructed and installed and such public improvements are accepted by the CITY for maintenance. IV. CITY'S COVENANT: CITY shall issue building permits for DEVELOPERS' development or any approved phase of the development thereof (upon payment of permit fees, public utility inspection fees of one point two-five percent (1.25%) of the City Engineer's estimated construction costs and satisfaction of City code requirements) only after construction and installation of all public improvements and acceptance of such by the CITY for maintenance or after adequate security as described in Moscow City Code Section 5-1-10 and as described in Sections VI and VII herein has been provided to ensure proper construction of the required public improvements. V. DEVELOPERS' COVENANT: A. DEVELOPERS agree to install all public improvements required herein, at DEVELOPERS' expense, in accordance with approved plans for DEVELOPERS' development, to CITY standards during and under the terms of this Agreement. All plans and drawings shall be approved by the Moscow City Engineer prior to the beginning of any construction of improvements; and B. DEVELOPERS agree that DEVELOPERS shall install the required improvements within nine months from the date of the issuance of the first building permit for development of the single family lot, commonly known as 841 North Mountain View Road, and is further described herein. VI. SECURITY FOR IMPROVEMENTS: In lieu of DEVELOPERS' construction and installation of all public improvements required herein and CITY'S acceptance of such for maintenance, CITY agrees that upon receipt of the adequate security described in Moscow City Code Section 5-1-10 it will issue building permits (upon payment of permit fees, public utility inspection fees of one point two-five percent (1.25%) of the City Engineer's estimated construction costs and satisfaction of Moscow City Code requirements) for DEVELOPERS' development. If DEVELOPERS fail to complete installation of the public improvements as required by CITY, CITY may attach the security and cause the improvements to be made or CITY may cause improvements to be made and attach a lien on the property in the amount of CITY expenses incurred as a result of DEVELOPERS' failure to comply with this LEFFINGWELL DEVELOPMENT AGREEMENT 841 N. MOUNTAIN VIEW ROAD PAGE3 OF 8 ---PAGE BREAK--- 545873 Agreement. Any engineering or construction costs in excess of the security shall be borne by DEVELOPERS. Any additional construction services shall be let by bid, and subject to the laws of the State ofldaho relative to the letting of such bids. VII. FORM OF SECURITY: DEVELOPERS agree to provide security for an amount to be determined by the City Engineer which will fully cover the entire cost of public improvements as identified and described herein. The security shall be in the form of cash, construction bond, irrevocable letter of credit from a certified bank or financial institution, or such other form of security acceptable by CITY. Such security shall be provided to CITY prior to the issuance of building permits by CITY. The security must be effective for a minimum period of one hundred eighty ( 180) days from the date of the issuance of the first building permit. If this security is in the form of an irrevocable letter of credit or bond, the secured improvements shall be constructed at least ninety (90) days prior to the expiration date of the security. If the public improvements identified and described in Section II are not completed at that time, CITY may claim the security and complete the said improvements. The amount of the security may, from time to time, be modified as deemed appropriate by the Moscow City Engineer as conditions warrant. If for any reason the security for such improvements shall be withdrawn by DEVELOPERS or the security or financial institution, or the value or terms thereof shall be compromised in any way, CITY shall immediately cease issuing building permits and shall revoke any building permits and/or occupancy permits issued pursuant to the terms contained herein, and further, DEVELOPERS shall hold CITY harmless for any and all causes of action or damages alleged to have been sustained because of the revocation of such building permits. If any building permits and/or occupancy permits are revoked pursuant to this section, such building permits and/or occupancy permits shall be re issued upon receipt by CITY of new or additional security as required herein. VIII. WARRANTY A. All required public improvements, once constructed and accepted by CITY for ownership and maintenance, shall remain free of defects in materials and workmanship for a period of one year following the date of CITY's written acceptance of such required public improvements warranty period). B. DEVELOPERS shall be responsible for correcting any and all deficiencies which occur within the one ( 1) year warranty period. C. Prior to issuance of any building permit in the development, a warranty Security in the amount of fifteen percent (15%) of the estimated value of the required public improvements, as determined by the City Engineer, shall be furnished to CITY by DEVELOPERS. This warranty Security shall be held by CITY in effect for a minimum period of one year from the date of CITY's written acceptance of the public improvements described in Section II of this Agreement. LEFFINGWELL DEVELOPMENT AGREEMENT 84 I N. MOUNTAIN VIEW ROAD PAGE40F8 ---PAGE BREAK--- 545873 D. If DEVELOPERS fail to correct all deficiencies within a reasonable amount of time, CITY may claim the warranty Security and correct the deficiencies. E. The warranty Security may be in any form allowed under Section VII of this Agreement. IX. CONSTRUCTION DRAWINGS: DEVELOPERS agree to furnish, prior to acceptance by CITY of the public improvements as required herein, one set of accurate, complete, Mylar final construction drawings for the public improvements described herein, unless such requirement is waived by the City Engineer. X. FAILURE TO COMPLY: DEVELOPERS agree to pay all expenses incurred by CITY in enforcing this Agreement. XI. BINDING ON HEIRS, ASSIGNS AND PURCHASERS: This Agreement shall be binding upon the heirs, assignees of the parties, and subsequent purchasers of the property described herein. XII. OCCUPANCY: DEVELOPERS agree that no person shall be allowed to occupy any part of the development for any purpose until the described public improvements are completed and accepted by CITY for maintenance or as otherwise provided for by a subsequent development agreement between the parties. XIII. VENUE AND ATTORNEY FEES: The parties agree that should any provision of this Agreement be litigated in the future, venue for such litigation shall be with the District Court of the Second Judicial District of the State of Idaho in and for the County of Latah. XIV. MODIFICATION: DEVELOPERS and CITY agree that the provisions of this Agreement may be modified only upon written request of DEVELOPERS accompanied by a complete set of development plans, and acceptance of such modification by the City Council or by a subsequent development agreement between the parties. LEFFINGWELL DEVELOPMENT AGREEMENT 841 N. MOUNTAIN VIEW ROAD PAGES OF 8 ---PAGE BREAK--- XV. COVENANTS TO RUN WITH LAND: This Agreement shall run with the land affected hereby, as shall all covenants contained herein, and shall be to the benefit of CITY, its successors and assigns. This Agreement shall be recorded with the Latah County Recorder. XVI. NOTICES: Any notice required or called for by this Agreement shall be deemed served upon the party to whom it is sent when delivered by certified or registered United States Mail to the following addresses: DEVELOPERS: CITY: XVII. UNDERSTANDING: Brian and Victoria Leffingwell 841 N Mountain View Road Moscow, ID 83843 Nancy Chaney, Mayor City of Moscow P 0 Box 9203 Moscow, ID 83843 Telephone: (208) 883-7000 FAX: (208) 883-7018 DEVELOPERS have read and understood this Agreement and the contents thereof and have had the opportunity to avail themselves of legal and of other counsel before entering into this Agreement and before signing it, and hereby enter into it voluntarily, willingly, and without inducement. IN WITNESS WHEREOF, the parties have executed this Agreement to be effective the date first above written. DEVELOPERS: CITY: Brian Leffine VJ- LEFFINGWELL DEVELOPMENT AGREEMENT 841 N. MOUNTAIN VIEW ROAD PAGE60F8 ---PAGE BREAK--- STATE OF IDAHO ) ) ss: LATAH COUNTY ) 5° J o I tt On this day of , 2011, before me, the undersigned, a Notary in and for said State, personally appedBrian Leffingwell known to me to be the person whose name is subscribed to the foregoing and acknowledged to me that he executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year hereinabove written. ,,,,,\\llll/f/J • ' ,,,,,F\CIA k. 111 _fq, 1';1SOTARY PUBLI for Idah § OTAi!y \ . Commission expires: 12/=j/ts= - . - . . - % \ t>uauc / § D 01E·. . . · S' STATE OF IDAHO ) /-11' • • • • • Av" E OF \0 ) ss: 111111111\\\\\\\ LATAH COUNTY ) On this day of i: 2011, before me, the undersigned, a Notary in and for said State, personally app red Victoria Leffingwell known to me to be the person whose name is subscribed to the foregoing and acknowledged to me that he executed the same. IN WITNESS WHEREOF, I have hereunto set my hand affixed my official seal the day and year hereinabove written. NOTARY PUBLIC for Idah My Commission expires: lj':r:L/15: LEFFINGWELL DEVELOPMENT AGREEMENT 841 N. MOUNTAIN VIEW ROAD PAGE7 OF8 ---PAGE BREAK--- 545873 0 25 so 100 150 tj5 Feet LEFFINGWELL DEVELOPMENT AGREEMENT 841 N. MOUNTAIN VIEW ROAD PAGE 8 OF8