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HomeMy WebLinkAboutBANNER HEALTH MEDICAL CAMPUS - Filed DA-DEVELOPMENT AGREEMENT - 2013-10-11RECEPTION#: 20130076247,10/0712013 at 03:69:17 PM,1 OF 29, R $151.00 TD Pgs: 0 Angela Myers, Clerk & Recorder, Larimer County, CO DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (the "Agreement"), is made and entered into this � day of 013, by and between the CITY OF FORT COLLINS, COLORADO, a M nicipal Corporation, hereinafter referred to as the "City"; and Banner Health, Inc., an Arizona nonprofit Corporation hereinafter referred to as the "Developer"; and Imago Enterprises, Inc., a Colorado Corporation hereinafter referred to as the "Owner." WITNESSETH: WHEREAS, the Developer has entered into an agreement with the Owner to acquire ownership of certain real property situated in the County of Larimer, State of Colorado, (hereafter sometimes referred to as the "Property" or "Development") and legally described as follows, to wit: Lot 1, Banner Health Medical Campus located in Northeast Quarter of Section 4, Township 6 North, Range 68 West of the 6th P.M., City of Fort Collins, County of Larimer, State of Colorado. WHEREAS, the Owner is also the owner of property adjacent to the Development on which certain storm drainage facilities will be installed which are necessary to serve both the Development and the Owner's adjacent property; and WHEREAS, the Developer desires to develop the Property and has submitted to the City all plats, plans (including utility plans), reports and other documents required for the approval of a final plan according to the City's development application submittal requirements master list (the "Final Development Plan Documents") copies of which are on file in the office of the City Engineer and made a part hereof by reference; and WHEREAS, the parties hereto have agreed that the development of the Property will require increased municipal services from the City in order to serve such area and will further require the installation of certain improvements primarily of benefit to the Property and not to the City of Fort Collins as a whole; and WHEREAS, the City has approved the Final Development Plan Documents submitted by the Developer, subject to certain requirements and conditions, which involve the installation of and construction of utilities and other municipal improvements in connection with the development of the Property. NOW, THEREFORE, in consideration of the promises of the parties hereto and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, it is agreed as follows: City Clerk's Office, Fort Collins, Colorado responsible bidder; and evidence must be submitted to the City prior to the commencement of the work showing that the award was given to the lowest responsible bidder. If the cost of such improvements exceeds Fifty Thousand Dollars ($50,000), the contract for the construction of the improvements must be insured by a performance bond or other equivalent security. For purposes of this paragraph, the term "City improvements" shall mean either (1) existing improvements owned by the City that are to be modified or reconstructed, or (2) any improvements funded in whole or in part by the City. 4. The Developer agrees to reimburse the City the sum of $49,961.56, plus a percentage added to recognize the effects of inflation, for the Developments local street portion of the cost to widen Harmony Road adjacent to the Property. The inflation factor ("Inf. Fac.") for each year's increase shall be calculated using the construction cost index for Denver as published in the Engineering News Record ("ENR") of June, 2010, as the base index ("I -base") and the same index published in the ENR in the month preceding payment of the reimbursement ("I -year of payment"). Payment shall be made to the City prior to the issuance of the first building permit. The formula for calculating said inflation factors shall be as follows: Inf. Fac. = (1-year of payment) — (I -base) (1-base) The amount to be added to the reimbursement amount to compensate for inflation shall be equal to the amount of the reimbursement amount times the inflation factor. Said amounts added to compensate for inflation shall not reduce the total (principal) amount due. 5. The Developer is responsible for constructing the following two right turn lanes on Harmony Road: 1) right turn lane onto Lady Moon Drive and 2) right turn lane onto Cinquefoil Lane, prior to the issuance of the first certificate of occupancy. The Harmony Road Improvements for the right turn lanes onto Lady Moon Drive and Cinquefoil Lane are made necessary not only because of the Development, but also because of other development in the same vicinity, and because of the overall growth and development of the region round about, and that said improvements will benefit the community at large. Accordingly, the parties agree that the costs for the right turn lanes shall be satisfied in the following manner: Right turn lane onto Lady Moon Drive a. The Developer agrees to design and complete construction of the turn lane at the Developer's expense. b. The City shall reimburse the Developer for twenty-one percent (21%) of the applicable costs for the design and construction of the turn lane. The Developer shall submit receipts and documentation as identified in Section 24-112 of the City Code. 10 c. The Developer is responsible for thirty-six percent (36%) of the costs for the design and construction of the turn lane. d. The Developer may request reimbursement from adjacent future development for the remaining forty-three percent (43%) of the turn lane cost as identified in Section 3.3.2(F)(2) of the Land Use Code. e. The percentages of costs have been determined and agreed upon based upon an approved Traffic Impact Study submitted by the Developer. Right turn lane onto Cinquefoil Lane a. The Developer agrees to design and complete construction of the turn lane at the Developer's expense. b. The City agrees to reimburse the Developer for 100% of the cost to design and construct the turn lane ("Cinquefoil Turn Lane Cost") onto Cinquefoil lane after final acceptance of the turn lane. Documentation and information shall be provided to the City as identified in Section 3.3.2(F)(2) of the Land Use Code with the request for payment. c. Prior to the issuance of a building permit in Phase 2 of the Development the Developer agrees to reimburse the City for eight percent (8%) of the Cinquefoil Turn Lane Cost (the Developer's portion) plus a percentage to recognize the costs of inflation. The inflation factor ("Inf. Fac.") for each year's increase shall be calculated using the construction cost index for Denver as published in the Engineering News Record (°ENR") with the date of the Developer's submittal letter requesting reimbursement for the Cinquefoil Turn Lane Cost, as the base index ("I -base") and the same index published in the ENR in the month preceding payment of the reimbursement ("- year of payment"). Payment shall be made to the City prior to the issuance of the first building permit in Phase 2. The formula for calculating said inflation factors shall be as follows: Inf. Fac. = (1-year of payment) — (1-base) (1-base) The amount to be added to the reimbursement amount to compensate for inflation shall be equal to the amount of the reinbursement times the inflation factor. Said amounts added to compensate for inflation shall not reduce the total (principal) amount due. d. Based upon the approved Traffic Impact Study submitted by the Developer the adjacent developments will contribute ninety percent (90%) of the traffic to this turn lane and as such the City can file reimbursement agreements against these adjacent properties. 6. Notwithstanding any provision herein to the contrary, the Developer shall be responsible for all costs for the initial installation of traffic signing and striping for this Development, including both signing and striping related to the Developer's internal street operations and the signing and striping of any adjacent or adjoining local, collector or arterial streets that is made necessary because of the Development. 7. Following completion of all public infrastructure improvements, the Developer shall continue to have responsibility for maintenance and repair of said improvements in accordance with Sections 2.2.3, 3.3.1 and 3.3.2 of the Land Use Code of the City. E. Natural Resources 1. The Owner has dedicated an easement to the City for the off -site detention pond and associated facilities (the "Pond Easement"). The Final Development Plan Documents identify areas within the Pond Easement area which are not to be disturbed in order to prevent environmental damage to the natural habitats or features in the ("Natural Habitat Buffer Zone"), except for the purposes allowed within the Final Development Plan Documents, which activities are allowable under Section 3.4.1 (E). Neither the Developer nor its contractor shall intrude upon, remove, fill, dredge, build upon, degrade or otherwise alter natural habitats and features unless identified in the Final Development Plan Documents. 2. The Developer shall ensure that all landscaping with the Natural Habitat Buffer Zone is properly maintained for a three (3) year period following construction thereof to ensure that the vegetation is fully established. a. The status and effectiveness of the vegetation shall be evaluated and the results reported to the City of Fort Collins Environmental Planner, Planning Department semi-annually for review. b. Developer shall provide to the City prior to the issuance of any Certificate of Occupancy an acceptable form of security (cash, bond, letter of credit) to guarantee completion of the buffer zone landscape improvements. An estimate for said improvements shall be prepared by the Developer and 12 approved by the City. Said estimate of landscape improvements shall constitute plant material and irrigation system improvements at 67% of the construction value to be held until said landscape improvements are constructed and accepted by the City. The City shall return the security to the Developer upon the Developer's installation of the landscape improvements and the City's acceptance thereof. If the uplands have not been established in accordance with the approved plans, then the Developer shall promptly take such steps as are necessary (and present to the city Environmental Planner a written proposal of steps and timing) to bring the buffer zone into conformance with the approved plans. If the Developer does not take action to bring the buffer zone plantings into conformance with the approved plans, the City shall use the security provided by the Developer to install said landscape improvements and the Developer shall forfeit any right to the security. 3. The areas of the Development that are planned to be seeded, shall be inspected jointly by the Developer and the City at specified intervals for three (3) seasons or until determined by the City to be well established in accordance with the coverage specifications of this paragraph, whichever occurs first. Areas seeded in the Spring shall be inspected for required coverage each immediately subsequent Autumn not later than October 1st. Areas seeded at any other time shall be inspected each immediately subsequent summer not later than August 1st. The required coverage for the first inspection shall be ten (10) viable live seedlings of the specked species per 1000 square centimeters (approximately one square foot), or fifty percent (50%) coverage of the specified foliage as measured from five feet (6) directly overhead, with no bare spots larger than 1000 square centimeters. At the time of the second growing season inspection, there shall be seventy-five percent (75%) foliage cover of the specified species planted as measured from five feet (6) directly overhead. No more than ten percent (10%) of the species noted on the site may be weedy species as defined by Article III, Section 20-41 of the Code of the City. The Developer shall be responsible for weed control at all times. Determination of required coverage will be based on fixed transects each ten meters in length, randomly placed in representative portions of the seeded areas, with plant species or bare ground/rock/litter being noted every ten (10) centimeters along each transect. The Developer shall warrant all seeded areas for three (3) growing seasons from the date of completion. The Developer shall rework and reseed per original specifications any areas that are dead, diseased, contain too many weedy species, or fail to meet the coverage requirement at no additional cost to the City. 4. Prior to issuance of the Certificate of Occupancy the Developer shall provide a weed management plan prepared by a qualified professional and reviewed and approved by the City's Environmental Planner. The Developer shall also provide to the City prior to issuance of the Certificate of Occupancy an acceptable form 13 of security (cash, bond, or letter of credit) to guarantee completion of the monitoring outlined in the above -referenced plan. An estimate for said monitoring shall be prepared by the Developer and approved by the City. 5. Fueling facilities shall be located at least one hundred (100) feet from natural body of water, wetland, natural drainage way or manmade drainage way. The fuel tanks and fueling area must be set in a containment area that will not allow a fuel spill to directly flow, seep, run off, or be washed into a body of water, wetland or drainage way. 6. The Developer shall delineate the Development's property boundary adjacent to all Limits of Development (L.O.D.) as defined by Article V, Section 5.1.2 of the Land Use Code, including boundaries around existing trees that are, to be undisturbed, with orange construction fence prior to any type of construction, including overlot grading. 7. Prior to the commencement of any development activities within the Limits of Development (L.O.D.), the Developer shall relocate or eradicate any prairie dogs inhabiting any portions of the site using City -approved methods as set forth in Chapter 4 of the City Code. If prairie dogs are present, fumigation is best done between late April and early June and relocation shall occur prior to March 1 or after May 31 of any given year. F. Soil Amendment 1. In all areas associated with this Development that are to be landscaped or planted in accordance with the Final Development Plan Documents, and do not require a building permit, the soils shall be loosened and amended by the Developer in accordance with Section 3.8.21 of the Land Use Code prior to the issuance of any certificate of occupancy in this Development. Completion of soil amendments shall include certification by the Developer that the work has been completed. This certification shall be submitted to the City at least two (2) weeks prior to the date of issuance of any certificate of occupancy in this Development. G. Ground Water, Subdrains and Water Rights 1. The City shall not be responsible for, and the Developer (for itself and its successor(s) in interest) hereby agrees to indemnify and hold harmless the City against any damages or injuries sustained in the Development as a result of ground water seepage or flooding, structural damage, or other damage unless such damages or injuries are proximately caused by the City's negligent operation or maintenance of the City's storm drainage facilities in the Development. However, nothing herein shall be deemed a waiver by the City of its immunities, defenses, and limitations to liability under the Colorado Governmental Immunity Act (Section 24-20-101 CRS, et. seq.) or under any other law. 14 2. If the Development includes a subdrain system, any such subdrain system, whether located within private property or within public property such as street rights -of -way or utility or other easements, shall not be owned, operated, maintained, repaired or reconstructed by the City and it is agreed that all ownership, operation, maintenance, repair and reconstruction obligations shall be those of the Developer or the Developer's successor(s) in interest. Such subdrain system is likely to be located both upon private and public property and, to the extent that it is located on public property, all maintenance, operation, repair or reconstruction shall be conducted in such a manner that such public property shall not be damaged, or if damaged, shall, upon completion of any such project, be repaired in accordance with then existing City standards. The City shall not be responsible for, and the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries sustained in the Development as the result of groundwater seepage or flooding, structural damage or other damage resulting from failure of any such subdrain system. 3. Without admitting or denying any duty to protect water rights, the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries to water rights caused, directly or indirectly by the construction, establishment, maintenance or operation of the Development. 4. The City agrees to give notice to the Developer of any claim made against it to which the foregoing indemnities and hold harmless agreements by the Developer could apply, and the Developer shall have the right to defend any lawsuit based on such claim and to settle any such claim provided the Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Developer within ninety (90) days after the City first receives notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause the forgoing indemnities and hold harmless agreements by the Developer to not apply to such claim and such failure shall constitute a release of the foregoing indemnities and hold harmless agreements as to such claim. H. Hazards and Emergency Access 1. No combustible material will be allowed on the site until a permanent water system is installed by the Developer and approved by the City. 2. Prior to beginning any building construction, and throughout the build -out of this Development, the Developer shall provide and maintain at all times a reasonable accessway to each building. Such accessway shall be adequate to handle any emergency vehicles or equipment, and the accessway shall be kept open during all phases of construction. Such accessway shall be constructed to an unobstructed width of at least 20 feet with 4 inches of aggregate base course material compacted according to city standards and with an 100 foot diameter turnaround at the building end of said accessway. The turnaround is not required if an exit point is provided at the end of the 15 accessway. Prior to the construction of said accessway, a plan for the accessway shall be submitted to and approved by the Poudre Fire Authority and City Engineer. (Three plan sets shall be submitted to the Poudre Fire Authority at 102 Remington Street for review and processing.) If such accessway is at any time deemed inadequate by the Poudre Fire Authority or City Engineer, the accessway shall be promptly brought into compliance and until such time that the accessway is brought into compliance, the City and/or the Poudre Fire Authority may issue a stop work order for all or part of the Development. 3. The existing sidewalk adjacent to the Development along Lady Moon Drive shall be kept open and accessible during all phases of construction of the Development. I. Footing and Foundation Permits 1. Notwithstanding any provision in this Agreement to the contrary, the Developer shall have the right to obtain Footing and Foundation permits upon the installation of those improvements shown on Right of Way Schedule Plans Exhibit of the Final Development Plan Documents. 2. The parties acknowledge that sanitary sewer improvements are not required for issuance of Footings & Foundation permits. Prior to issuance of the Footings & Foundation permit, Developer's engineer shall validate the invert elevation at the exiting sanitary sewer connection point and invert of the new sanitary sewer main pipe exiting the building to ensure compliance with slope requirements for such improvements. J. Building Permits 1. Notwithstanding any provision in this Agreement to the contrary, sidewalks, right turn lane construction on Harmony Road (including any associated curb and gutter), and the median work in Lady Moon Drive shall not be required as a condition of issuance of a building permit for the Development but shall be required to be installed prior to the issuance of any certificate of occupancy for the Development. 2. Prior to the issuance of any building permit for the Development, all sanitary sewer improvements required by the Final Development Plan Documents shall be completed by the Developer and accepted by the City, ensuring that the sewer main from the building to the existing point of connection fully complies with the Final Development Plan Documents and all applicable provisions of the Municipal Code. K. Development Construction Permit 1. The Developer shall apply for and obtain a Development Construction Permit for this Development, in accordance with Division 2.6 of the Land Use Code, prior to the Developer commencing construction. The Developer shall pay 16 the .required fees for said Permit and construction inspection, and post security to guarantee completion of the public improvements required for this Development, prior to issuance of the Development Construction Permit. L. Maintenance and Repair Guarantees 1. The Developer agrees to provide a two-year maintenance guarantee and a five-year repair guarantee covering all errors or omissions in the design and/or construction of the public improvements required for this Development, which guarantees shall run concurrently and shall commence upon the date of completion of the public improvements and acceptance thereof by the City. More specific elements of these guarantees are noted in Exhibit "C." Security for the maintenance guarantee and the repair guarantee shall be as provided in Section 3.3.2(C) of the Land Use Code. Notwithstanding the provisions of paragraphs III (H) and (1) of this Agreement to the contrary, the obligations of the Developer pursuant to this paragraph and Exhibit "C" may not be assigned or transferred to any other person or entity unless the warranted improvements are completed by, and a letter of acceptance of the warranted improvements is received from the City by, such other person or entity. M. The Final Development Plan Documents shall remain in effect through completion of all phases of development of the Development but only upon the occurrence of both of the following events: (i) completion of the public improvements shown on the Final Development Plan Documents within the three (3) year time period described in Section 2.2.11(D)(3) of the Land Use Code, and (ii) issuance of one building permit for the Development. Accordingly, once (i) and (ii) above are met, development of all future phases of the Development shall not be subject to changes in the City Code and the Land Use Code which are inconsistent or in conflict with the approved Final Development Plan Documents or any portion thereof. By way of example, but not limitation, the Low Impact Development requirements of the Larimer County Urban Area Street Standards and the City's Stormwater Criteria Manual requiring parking areas to have a minimum of twenty-five percent (25%) permeable pavement area, which requirements were adopted after submission of the Preliminary Development Plan for the Development and which are in conflict with the Final Development Plan Documents, shall not apply to future phases of the Development. III. Miscellaneous A. An additional phase(s) are shown on the Final Plan Development Documents and the Developer agrees that prior to any construction of any other phase(s) a minor amendment shall be submitted for said phase(s) that. includes utility plans (final grading plans, erosion control plans and any utility connections or infrastructure needed for said phase). 17 B. The Developer agrees to provide and install, at its expense, adequate barricades, warning signs and similar safety devices at all construction sites within the public right-of-way and/or other areas as deemed necessary by the City Engineer and Traffic Engineer in accordance with the City's "Work Area Traffic Control Handbook" and shall not remove said safety devices until the construction has been completed. C. As required pursuant to Chapter 20, Article IV of the City Code, the Developer shall, at all times, keep the public right-of-way free from accumulation of waste material, rubbish, or building materials caused by the Developer's operation, or the activities of individual builders and/or subcontractors; shall remove such rubbish as often as necessary, but no less than daily and; at the completion of the work; shall remove all such waste materials, rubbish, tools, construction equipment, machinery, and surplus materials from the public right-of-way. The Developer further agrees to maintain the finished street surfaces so that they are free from dirt caused by the Developer's operation or as a result of building activity. Any excessive accumulation of dirt and/or construction materials shall be considered sufficient cause for the City to withhold building permits and/or certificates of occupancy until the problem is corrected to the satisfaction of the City Engineer. If the Developer fails to adequately clean such streets within two (2) days after receipt of written notice, the City may have the streets cleaned at the Developer's expense and the Developer shall be responsible for prompt payment of all such costs. The Developer also agrees to require all contractors within the Development to keep the public right-of-way clean and free from accumulation of dirt, rubbish, and building materials. D. The Developer hereby agrees that it will require its contractors and subcontractors to cooperate with the City's construction inspectors by ceasing operations when winds are of sufficient velocity to create blowing dust which, in the inspector's opinion, is hazardous to the public health and welfare. E. The Developer shall, pursuant to the terms of this Agreement, complete all improvements and perform all other obligations required herein, as such improvements or obligations may be shown on the Final Development Plan Documents, or any documents executed in the future that are required by the City for the approval of an amendment to a development plan, and the City may withhold (or to the extent permitted by law, revoke) such building permits and certificates of occupancy as it deems necessary to ensure performance in accordance with the terms of this Agreement. The processing and "routing for approval" of the various development plan documents may result in certain of said documents carrying dates of approval and/or execution that are later than the date of execution of this Agreement. The Developer hereby waives any right to object to any such discrepancy in dates. F. Subject to the provisions of Paragraph II.M. of this Agreement, nothing herein contained shall be construed as a waiver of any requirements of the City Code or the Land Use Code and the Developer agrees to comply with all requirements of the same. 18 G. In the event the City waives any breach of this Agreement, no such waiver shall be held or construed to be a waiver of any subsequent breach hereof. H. All financial obligations of the City arising under this Agreement that are payable after the current fiscal year are contingent upon funds for that purpose being annually appropriated, budgeted and otherwise made available by the Fort Collins City Council, in its discretion. I. This Agreement shall run with the Property, including any subsequent replatting of all, or a portion of the Property. This Agreement shall also be binding upon and inure to the benefit of the parties hereto, their respective personal representatives, heirs, successors, grantees and assigns. It is agreed that all improvements required pursuant to this Agreement touch and concern the Property regardless of whether such improvements are located on the Property. Assignment of interest within the meaning of this paragraph shall specifically include, but not be limited to, a conveyance or assignment of any portion of the Developer's legal or equitable interest in the Property, as well as any assignment of the Developer's rights to develop the Property under the terms and conditions of this Agreement. J. In the event the Developer transfers title to the Property and is thereby divested of all equitable and legal interest in the Property, the Developer shall be released from liability under this Agreement with respect to any breach of the terms and conditions of this Agreement occurring after the date of any such transfer of interest. In such event, the succeeding property owner shall be bound by the terms of this Agreement. K. Each and every term of this Agreement shall be deemed to be a material element hereof. In the event that either party shall fail to perform according to the terms of this Agreement, such party may be declared in default. In the event that a party has been declared in default hereof, such defaulting party shall be given written notice specifying such default and shall be allowed a period of ten (10) days within which to cure said default. In the event the default remains uncorrected, the party declaring default may elect to: (a) terminate the Agreement and seek damages; (b) treat the Agreement as continuing and require specific performance or; (c) avail itself of any other remedy at law or equity. L. In the event of the default of any of the provisions hereof by either party which shall require the party not in default to commence legal or equitable action against said defaulting party, the defaulting party shall be liable to the non -defaulting party for the non -defaulting party's reasonable attorney's fees and costs incurred by reason of the default. Nothing herein shall be construed to prevent or interfere with the City's rights and remedies specified in Paragraph III.D of this Agreement. M. Except as may be otherwise expressly provided herein, this Agreement shall not be construed as or deemed to be an agreement for the benefit of any third 19 1. General Conditions A. The terms of this Agreement shall govern all development activities of the Developer pertaining to the Property. For the purposes of this Agreement, development activities" shall include, but not be limited to, the following: (1) the actual construction of improvements, ea ance of the Property caused Ibyhor onro any change in grade, contour or appbehalf f, the Developer with the intent to construct improvements thereon. B. All water lines, sanitary sewer collection lines, storm sewer lines and facilities, streets, curbs, gutters, sidewalks, and bikepaths shall be installed as shown on the Final Development Plan Documents and in full compliance with the standards and specifications of the City on file in the office of the City Engineer at the time of approval of the utility plans relating to the specific utility, subject to a three (3) year time limitation from the date of approval of the site specific development plan. In the event that the Developer commences or performs any construction pursuant hereto after the passage of three (3) years from the date of approval of the site specific development plan, the Developer shall resubmit the utility plans to the City Engineer for reexamination. The City may then require the Developer to comply with the approved standards and specifications of the City on file in the office of the City Engineer at the time of the resubmittal. C. No building permit for the construction of any structure within the Property shall be issued by the City until the public water lines and stubs to each lot, fire hydrants, electrical lines, sanitary sewer lines and stubs to each lot, and public streets (including curb, gutter, and pavement with at least the base course completed) serving such structure have been completed and accepted by the City; except as allowed per Section II.J.1 of this agreement. No building permits shall be issued for any structure located in excess of six hundred and sixty feet (660') from a single point of access, unless the structures contain sprinkler systems that are approved by the Poudre Fire Authority. D. Any water lines, sanitary sewer lines, storm drainage lines, electrical lines, and/or streets described on Exhibit "A," attached hereto, shall be installed within the time and/or sequence required on Exhibit "A." If the City Engineer has determined that any water lines, sanitary sewer lines, storm drainage facilities and/or streets are required to provide service or access to other areas of the City, those facilities shall be shown on the Final Development Plan Documents and shall be installed by the Developer within the time as established under "Special Conditions" in this Agreement. E. Except as otherwise herein specifically agreed, the Developer agrees to install and pay for all water, sanitary sewer, and storm drainage facilities and appurtenances, and all streets, curbs, gutters, sidewalks, bikeways and other public improvements required by this Development as shown on the Final Development Plan 2 party or parties, and no third party or parties shall have any right of action hereunder for any cause whatsoever. N. It is expressly understood and agreed by and between the parties hereto that this Agreement shall be governed by and its terms construed under the laws of the State of Colorado and the City of Fort Collins, Colorado. O. Any notice or other communication given by any party hereto to any other party relating to this Agreement shall be hand -delivered or sent by certified mail, return receipt requested, addressed to such other party at their respective addresses as set forth below; and such notice or other communication shall be deemed given when so hand -delivered or three (3) days after so mailed: If to the City: Engineering Development Review City of Fort Collins P.O. Box 580 Fort Collins, CO 80522 With a copy to: If to the Developer: If to the Owner: City Attorney's Office City of Fort Collins P.O. Box 580 Fort Collins, CO 80522 Kip C. Edwards Banner Health 1441 N. 12th Street Phoenix, AZ 85006 Lester Kaplan Imago Enterprises, Inc. 140 Palmer Drive Fort Collins, CO 80525 Notwithstanding the foregoing, if any party to this Agreement, or its successors, grantees or assigns, wishes to change the person, entity or address to which notices under this Agreement are to be sent as provided above, such party shall do so by giving the other parties to this Agreement written notice of such change. P. When used in this Agreement, words of the masculine gender shall include the feminine and neuter gender, and when the sentence so indicates, wards of the neuter gender shall refer to any gender; and words in the singular shall include the plural and vice versa. This Agreement shall be construed according to its fair meaning, and as if prepared by all parties hereto, and shall be deemed to be and contain the entire understanding and agreement between the parties hereto pertaining to the 20 matters addressed in this Agreement. There shall be deemed to be no other terms, conditions, promises, understandings, statements, representations, expressed or implied, concerning this Agreement, unless set forth in writing signed by all of the parties hereto. Further, paragraph headings used herein are for convenience of reference and shall in no way define, limit, or prescribe the scope or intent of any provision under this Agreement. Q. The Owner is made a party to this Agreement for the following purposes: (i) subjecting the Property to the covenants contained in this Agreement; and (ii) obligating the Owner to the provisions of Paragraphs I.K., II.C.2., II.C.8.,II.C.9. and II.C.10. hereof. The City and the Developer expressly acknowledge and agree that, except with regard to the above -referenced obligations of the Owner, the Owner shall not be liable for any obligations of the Developer under this Agreement, unless the Owner were to exercise any of the rights of the Developer in which event the obligations of the Developer shall become those of the Owner. �O<.pRT c�<<iy THE CITY OF FORT COLLINS, COLORADO, :N a Municipal Corporation �LAL By. A0. &i, 10 COL00P9 ity Man g ATTEST: City Clerk APPROVED AS TO CONTENT: M 21 DEVELOPER: Banner Health, Inc. an Arizona Nonprofit Corporation ATTEST: By: Printed Name: a.R.k Title: ' STATE OF /RA ) ) ss. COUNTY OF /Jec.n ) The foregoing instrument was acknowledged before me this day of _,,,,E W , 2013, by and by -Wades Arizona Nonprofit Corporation. R uBECSTRA STATE OF COLORADO NSo OTARY IPA 200EEMBER 06 2016 680 Ld-EEBORAH MMI I My Commission Expires: as as of Banner Health, Inc. n 22 OWNER: Imago Enterprises, Inc., a Colorado Corporation B• Lest r Kaplan, President STATE OF COLORADO ) ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this day of 2013, by Lester Kaplan as President of Imago Enterprises, Inc. a Colorado Corporation. otary Public My Commission Expires: It' doi t0 NOTAIR�' �tIR41C STAIR GF OOLORADO NOTARY Ott 23 EXHIBIT "A" Schedule of electrical service installation. Electrical lines need to be installed prior to the installation of the sidewalk, curb returns, handicap ramps, paving and landscaping. If the Developer installs any curb return, sidewalk or handicap ramp prior to the installation of electrical lines in an area that interferes with the installation of the electrical line installation, the Developer shall be responsible for the cost of removal and replacement of those items and any associated street repairs. 2. Schedule of water lines to be installed out of sequence. Not Applicable. 3. Schedule of sanitary sewer lines to be installed out of sequence. Not Applicable. 4. Schedule of street improvements to be installed out of sequence. Not Applicable 5. Schedule of storm drainage improvements to be installed out of sequence. Not Applicable. 24 EXHIBIT "B" STANDARD OPERATING PROCEDURES (SOPS) Banner Health Medical Campus, Fort Collins, CO A. Purpose In order for physical stormwater Best Management Practices (BMPs) to be effective, proper maintenance is essential. Maintenance includes both routinely scheduled activities, as well as non - routine repairs that may be required after large storms, or as a result of other unforeseen problems. Standard Operating Procedures (SOPS) should clearly identify BMP maintenance responsibility. BMP maintenance is typically the responsibility of the entity owning the BMP. Identifying who is responsible for maintenance of BMPs and ensuring that an adequate budget is allocated for maintenance is critical to the long-term success of BMPs. Maintenance responsibility may be assigned either publicly or privately. For this project, the privately owned BMPs shown in Section B below are to be maintained by the property owner, homeowner's association (HOA), or property manager. B. Site -Specific SOPS The following stormwater facilities contained within the Banner Health Medical Campus project are subject to SOP requirements: - Extended Detention Basin - Porous Landscape Detention (PLD) within Detention Basins - Storm Drains and Tree Roots The location of said facilities can be found on the Utility Plans and Landscape Plans for Banner Health Medical Campus. Site specific features are listed below: Extended Detention Basin "ODP Pond" "Pond 1" "Pond 2" Porous Landscape Detention (PLD) within Detention Basins "ODP Pond" "Pond 1" "Pond 2" Storm Drains and Tree Roots All storm drain systems Inspection and maintenance procedures and frequencies, specific maintenance requirements and activities, as well as BMP-specific constraints and considerations shall follow the guidelines outlined in Volume 3 of the Urban Drainage and Flood Control District (UDFCD) Urban Storm Drainage Criteria Manual. Page 1 of 3 Extended Detention Basin Maintenance Plan Routine Maintenance Table (Summary from Table EDB-1, Chapter 6 of UDFCD) Required Action Maintenance Objective Frequency of Action Occasional mowing to limit unwanted Lawn mowing and vegetation. Maintain irrigated turf grass as 2 Routine — Depending on aesthetic requirements. Lawn care to 4 inches tall and nonirrigated native turf grasses at 4 to 6 inches. Sediment, Debris Remove sediment, debris and litter from the Routine — Including just before annual storm seasons (that and Litter removal entire pond to minimize outlet clogging and is, April and May), end of storm season after leaves have improve aesthetics. fallen, and following significant rainfall events. Nonroutine — Performed when sediment accumulation occupies 20 percent of the WQCV. This may vary Major Pond Remove accumulated sediment from the considerably, but expect to do this every 10 to 20 years, Sediment removal* bottom of the basin. as necessary per inspection if no construction activities take place in the tributary watershed. More often if they do. Inspect basins to insure that the basin continues to function as initially intended. Examine the outlet for clogging, erosion, Routine — Annual inspection of hydraulic and structural Inspections slumping, excessive sedimentation levels, facilities. Also check for obvious problems during routine overgrowth, embankment and spillway maintenance visits, especially for plugging of outlets. integrity and damage to any structural element. Porous Landscape Detention (PLD) within Detention Basins Maintenance Plan Routine Maintenance Table (Summary from BMP Maintenance Section_5.0, Chapter 6 of UDFCD) Required Action Maintenance Objective Frequency of Action Occasional mowing to limit unwanted Lawn mowing and vegetation. Maintain irrigated turf grass as 2 Routine —Depending on aesthetic requirements. Lawn care to 4 inches tall and nonirrigated native turf grasses at 4 to 6 inches. Sediment, Debris Remove sediment, debris and litter from the Routine — Including just before annual storm seasons (that and Litter removal entire PLD area to minimize outlet clogging is, April and May), end of storm season after leaves have and improve aesthetics. fallen, and following significant rainfall events. Inspect the infiltrating surface to determine if the bioretention area is providing acceptable infiltration. If standing water persists for Inspections more than 24 hours after runoff has ceased Routine — Inspect at least twice annually following clogging should be further investigated and precipitation events. remedied. Check for erosion and repair as necessary. Page 2 of 3 Storm Drain Lines Maintenance Plan The storm drain lines are located in proximity to trees. The situation is unavoidable; therefore, special maintenance has been identified to ensure these storm drain systems perform as they were designed. Routine Maintenance Table Required Action Maintenance Objective Frequency of Action Use a video camera to inspect the condition of the storm drain pipes. Cleanout pipes as Inspection needed. If the integrity of the pipe is Every two to five years. compromised, then repair the damaged section(s). Page 3 of 3 EXHIBIT "C" MAINTENANCE GUARANTEE: The Developer hereby warrants and guarantees to the City, for a period of two (2) years from the date of completion and first acceptance by the City of the public improvements warranted hereunder, the full and complete maintenance and repair of the public improvements constructed for this Development. This warranty and guarantee is made in accordance with the City of Fort Collins Land Use Code and/or the Transitional Land Use Regulations, as applicable. This guarantee applies to the streets and all other appurtenant structures and amenities lying within the rights -of -way, easements and other public properties, including, without limitation, all curbing, sidewalks, bike paths, drainage pipes, culverts, catch basins, drainage ditches and landscaping. Any maintenance and/or repair required on utilities shall be coordinated with the owning utility company or city department. The Developer shall maintain said public improvements in a manner that will assure compliance on a consistent basis with all construction standards, safety requirements and environmental protection requirements of the City. The Developer shall also correct and repair, or cause to be corrected and repaired, all damages to said public improvements resulting from development -related or building -related activities. In the event the Developer fails to correct any damages within thirty (30) days after written notice thereof, then said damages may be corrected by the City and all costs and charges billed to and paid by the Developer. The City shall also have any other remedies available to it as authorized by this Agreement. Any damages which occurred prior to the end of said two (2) year period and which are unrepaired at the termination of said period shall remain the responsibility of the Developer. REPAIR GUARANTEE: The Developer agrees to hold the City of Fort Collins, Colorado, harmless for a five (5) year period, commencing upon the date of completion and acceptance by the City of the public improvements constructed for this Development, from any and all claims, damages, or demands arising on account of the design and construction of public improvements of the Property shown on the approved plans and documents for this Development; and the Developer furthermore commits to make necessary repairs to said public improvements, to include, without limitation, the roads, streets, fills, embankments, ditches, cross pans, sub -drains, culverts, walls and bridges within the right-of-way easements and other public properties, resulting from failures caused by design and/or construction defects. This agreement to hold the City harmless includes defects in materials and workmanship, as well as defects caused by or consisting of settling trenches, fills or excavations. 26 4-1 Further, the Developer agrees that the City shall not be liable to the Developer during the warranty period, for any claim of damages resulting from negligence in exercising engineering techniques and due caution in the construction of cross drains, drives, structures or buildings, the changing of courses of streams and rivers, flooding from natural creeks and rivers, and any other matter whatsoever on private property. Any and all monetary liability occurring under this paragraph shall be the liability of the Developer. The obligations of the Developer pursuant to the "maintenance guarantee" and "repair guarantee" provisions set forth above may not be assigned or transferred to any other person or entity unless the warranted improvements are completed by, and a letter of acceptance of the warranted improvements is received from the City by, such other person or entity. 27 Documents and other approved documents pertaining to this Development on file with the City. F. Street improvements shall not be installed until all utility lines to be placed therein have been completely installed, including all individual lot service lines (water and sewer) leading in and from the main to the property line and all electrical lines. G. The installation of all utilities shown on the Final Development Plan Documents shall be inspected by the Engineering Department of the City and shall be subject to such department's approval. The Developer agrees to correct any deficiencies in such installations in order to meet the requirements of the plans and/or specifications applicable to such installation. In case of conflict, the Final Development Plan Documents shall supersede the standard specifications, except that if the conflicts are a result of Federal or State mandated requirements, then the Federal or State mandated requirements shall prevail. H. All storm drainage facilities shall be designed and constructed by the Developer so as to protect downstream and adjacent properties against injury and to adequately serve the Property (and other lands as may be required, if any). The Developer shall meet or exceed the minimum requirements for storm drainage facilities as have been established by the City in its Drainage Master Plans and Design Criteria. The Developer, for itself and its successor(s) in interest, does hereby indemnify and hold harmless the City from any and all claims that might arise, directly or indirectly, as a result of the discharge of injurious storm drainage or seepage waters from the Property in a manner or quantity different from that which was historically discharged and caused by the design or construction of the storm drainage facilities, except for (1) such claims and damages as are caused by the acts or omissions of the City in maintenance of such facilities as have been accepted by the City for maintenance; (2) errors, if any, in the general concept of the City's master plans (but not to include any details of such plans, which details shall be the responsibility of the Developer); and (3) specific written or otherwise documented directives that may be given to the Developer by the City. The City agrees to give notice to the Developer of any claim made against it to which this indemnity and hold harmless agreement by the Developer could apply, and the Developer shall have the right to defend any lawsuit based on such claim and to settle any such claim provided Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Developer within ninety (90) days after the City first receives a notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Developer to not apply to such claim and such failure shall constitute a release of this indemnity and hold harmless agreement as to such claim. Approval of and acceptance by the City of any storm drainage facility design or construction shall in no manner be deemed to constitute a waiver or relinquishment by the City of the aforesaid indemnification. The Developer shall engage a Colorado licensed professional engineer to design the storm drainage facilities as aforesaid and it is expressly affirmed hereby that such engagement shall be intended for the benefit of the City, and subsequent purchasers of property in the Development. I. The developer shall pay the applicable °stormwater plant investment fee" in accordance with Chapter 26, Article VII of the City Code. This fee is included with building permit fees and shall be paid prior to the issuance of each building permit. J. The Developer shall provide the City Engineer with certified Record Plan Transparencies on Black Image Diazo Reverse Mylars upon completion of each phase of the construction. Utilities will not be initially accepted prior to as -built drawings being submitted to and approved by the City of Fort Collins. K. The Owner specifically represents that to its knowledge all property dedicated (both in fee simple and as easements) to the City associated with this Development (whether on or off -site) is in compliance with all environmental protection and anti -pollution laws, rules, regulations, orders or requirements, including solid waste requirements, as defined by the U. S. Environmental Protection Agency Regulations at 40 C.F.R., Part 261, and that such property as is dedicated to the City pursuant to this Development, is in compliance with all such requirements pertaining to the disposal or existence in or on such dedicated property of any hazardous substances, pollutants or contaminants, as defined by the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended, and regulations promulgated thereunder. The Owner, for itself and its successor(s) in interest, does hereby indemnify and hold harmless the City from any liability whatsoever that may be imposed upon the City by any governmental authority or any third party, pertaining to the disposal of hazardous substances, pollutants or contaminants, and cleanup necessitated by leaking underground storage tanks, excavation and/or backfill of hazardous substances, pollutants or contaminants, or environmental cleanup responsibilities of any nature whatsoever on, of, or related to any property dedicated to the City in connection with this Development, provided that such damages or liability are not caused by circumstances arising entirely after the date of acceptance by the City of the public improvements constructed on the dedicated property, except to the extent that such circumstances are the result of acts or omissions of the Owner. Said indemnification shall not extend to claims, actions or other liability arising as a result of any hazardous substance, pollutant or contaminant generated or deposited by the City, its agents or representatives, upon the property dedicated to the City in connection with this Development. The City agrees to give notice to the Owner of any claim made against it to which this indemnity and hold harmless agreement by the Owner could apply, and the Owner shall have the right to defend any lawsuit based on such claim and to settle any such claim provided the Owner must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Owner within ninety (90) days after the City first receives a notice of such claim under the Colorado Govemmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Owner to not apply to such claim and such failure shall constitute a release of this indemnity and hold harmless agreement as to such claim. L. The Developer acknowledges and agrees that the City, as the owner of any adjacent property (the "City Property") on which off -site improvements may be constructed, or that may be damaged by the Developer's activities hereunder, expressly retains (and does not by this Agreement waive) its rights as property owner. The City's rights as owner may include without limitation those rights associated with the protection of the City Property from damage, and/or the enforcement of restrictions, limitations and requirements associated with activities on the City Property by the Developer as an easement recipient. M. If the Developer or Contractor or any agent or representative thereof causes damage to any public infrastructure (including without limitation, any surface pavers, flagstones, or other stone or concrete surfaces, planters, street and decorative lights, or canopies) such damage shall be promptly repaired with the same kind, quality, color, serviceability and material composition aspects as was possessed by the infrastructure damaged, unless otherwise expressly agreed to by the City in writing. Paver repair and replacement in Downtown alleys shall comply with the City's specific requirements for pavers. II. Special Conditions A. Water Lines Not applicable. B. Sewer Lines Not Applicable C. Storm Drainage Lines and Appurtenances 1. All on -site and off -site storm drainage improvements associated with this Development, as shown on the Final Development Plan Documents, shall be completed by the Developer in accordance with said Final Development Plan Documents prior to the issuance any certificate of occupancy. Completion of improvements shall include the certification by a professional engineer licensed in Colorado that the drainage facilities which serve this Development have been constructed in conformance with said Final Development Plan Documents. Said certification shall be submitted to the City at least two weeks prior to the issuance of any certificate of occupancy in this Development. 2. The Developer shall be responsible for maintaining the structural integrity and operational functions of all on -site drainage facilities constructed outside of the public right-of-way throughout the build -out of this Development. When the off -site drainage facilities constructed outside of the public right-of-way are accepted by the City, the Owner shall be responsible for maintaining the structural integrity and operational functions of such off -site drainage facilities. If at any time following certification (as required pursuant to paragraph one (1) above) of said drainage facilities and during the construction of structures and/or lots within this Development the City reasonably decides that said drainage facilities no longer comply with the. Final Development Plan Documents, the City shall give written notice to the Developer of all items which do not comply with the Final Development Plan Documents. Unless the Developer successfully appeals the decision of non-compliance, it shall bring such facilities back up to the standards and specifications as shown on the Final Development Plan Documents. Failure to maintain the structural integrity and operational function of said drainage facilities following certification shall result in the withholding of the issuance of additional building permits and/ or certificates of occupancy until such drainage facilities are repaired to the operational function and structural integrity which was approved by the City. 3. The Developer agrees to provide and maintain erosion control improvements as shown on the Final Development Plan Documents to stabilize all over - lot grading in and adjacent to this Development. The Developer shall also be required to post a security deposit in the amount of $73,537.50 prior to beginning construction to guarantee the proper installation and maintenance of the erosion control measures shown on the Final Development Plan Documents. Said security deposit(s) shall be made in accordance with the criteria set forth in the City's Storm Drainage Design Criteria and Construction Standards (Criteria). If, at any time, the Developer fails to abide by the erosion control provisions of the Final Development Plan Documents or the erosion control provisions of the Criteria after receiving notice of the same or an emergency situation exists which would reasonably require immediate mitigation measures, then, in either event, and notwithstanding any provisions contained in paragraph III(J) to the contrary, the City may enter upon the Property for the purpose of making such improvements and undertaking such activities as may be necessary to ensure that the provisions of said plans and the Criteria are properly enforced. The City may apply such portion of the security deposit(s) as may be necessary to pay all costs incurred by the City in undertaking the administration, construction, and/or installation of the erosion control measures required by said plans and the Criteria. In addition, the City shall have the option to withhold building permits and certificates of occupancy, as stated in Paragraph III.D of this Agreement, as it deems necessary in order to ensure that the Developer installs and maintains the erosion control measures throughout the build -out of this Development. 4. It is important that all lots be graded to drain in the configuration shown on the Final Development Plan Documents. For this reason the following requirements shall be followed for all buildings/structures on all lots: Prior to the issuance of a certificate of occupancy for any lot or building the Developer shall provide the City with certification that the lot and or the building has been graded correctly. This grading certification shall demonstrate that the lot or building finish floor elevation has been built in accordance with the elevation specified on the Final Development Plan Documents. The certification shall also show that the minimum floor elevation or minimum opening elevation for any building constructed is in compliance with the minimum elevation as required on the Final Development Plan Documents. The certification shall demonstrate as well that any minor swales adjacent to the building or on the lot have been graded correctly and in accordance with the grades shown on the Final Development Plan Documents. The certification shall also show that the elevations of all comers of the lot are in accordance with the elevations shown on the Final Development Plan Documents. Said certification shall be completed by a Colorado licensed professional engineer and shall be submitted to the City at least two weeks prior to the date of issuance of the desired certificate of occupancy. 5. The Developer shall obtain the City's prior approval of any changes from the Final Development Plan Documents in grade elevations and/or storm drainage facility configuration that occur as a result of the construction of improvements and/or development of lots, whether by the Developer or other parties. The City reserves the right to withhold the issuance of building permits and certificates of occupancy for this Development until the City has deemed such changes as being acceptable for the safe and efficient delivery of storm drainage water. 6. The Developer shall limit the construction of the off -site storm drainage improvements to the limits of construction as shown on the Final Development Plan Documents. The contractor shall re -seed and/or restore all areas that are disturbed during construction of the off -site storm drainage improvements in accordance with the Final Development Plan Documents promptly following construction. The Developer shall ensure that no negative impact occurs to the adjoining properties during the construction of these facilities. No grading shall be done outside of the approved areas as shown on the Final Development Plan Documents. 7. The drainage design for this Development provides for the evacuation of storm drainage runoff in a reasonable amount of time out of the -water quality and detention facilities and into the drainage outfall system. The water quality and detention facilities have been designed to discharge storm water runoff from frequent storms over a 40 hour period through a small diameter outlet. Under the intended operation of the water quality and detention pond, there will not be standing water in the pond more than 48 hours after the end of a rainfall event. If after construction and acceptance of the detention facilities associated with this Development, surfacing or standing water conditions persist in these facilities; and if such conditions are beyond what can be expected in accordance with the approved storm water design, the Developer shall promptly, upon such discovery, install an adequate de -watering system in the detention facilities. Such a system shall be reviewed and approved by the City prior to installation. 7 8. Consistent with Paragraph II.C.2, the Developer shall be responsible for maintenance of all on -site storm drainage facilities, and the Owner shall be responsible for maintenance of all off -site storm drainage facilities, that are required in the Final Development Plan Documents and that are constructed outside of the public right-of-way in accordance with the attached Standard Operating Procedures in Exhibit B. Owner shall have the right to assign some or all of its maintenance obligations to future third party owners of the Owner's property. 9. The Developer shall obtain written authorization for grading and construction improvements within the Fossil Creek Reservoir Inlet Ditch right of way or easement limits. Such authorization shall include the agreement of the Developer to indemnify and hold harmless the owners of the Fossil Creek Reservoir Inlet Ditch, North Poudre Irrigation Company ("Irrigation Company) and the City from any claims, damages, injury or cause of action against the Irrigation Company or the City by the Developer, or its successors and assigns, in relation to the normal operation and use of the ditch by the Irrigation Company. The Developer and the Owner shall each further indemnify and hold harmless the City and the Irrigation Company from any such claims, damages, injury or cause of action by third parties which result from an increase in storm water flows added to the canal by such party in excess of historic flows from such parry's property, except as such claims, damages, injury or cause of action are as a result of a negligent act or acts of the Irrigation Company. 10. The Final Development Plan Documents identify landscaping associated with the off -site drainage improvements which is to be installed by the Developer (the "Phase 1 Improvements"). The Final Development Plan Documents also include a note regarding the future installation of detention pond landscaping within that portion of the Owner's adjacent property known as Parcel K, Sixth Amendment to Harmony Technology Park, Overall Development Plan. The Owner agrees that, upon the development of such Parcel K, the Owner shall be responsible for installation of detention pond landscaping in conformance with the City of Fort Collins Detention Pond Landscape Design Standards and Guidelines. D. Streets. 1. Subject to the conditions of this Agreement, the City agrees to reimburse the Developer for oversizing public street improvements along Cinquefoil Lane for those portions of said street abutting the Property as shown on the Final Development Plan Documents. Reimbursement for Cinquefoil Lane shall be for oversizing the street from local (access) standards to Minor Collector standards (Collector standard is: 46 feet Asphalt, Vertical Curb and Gutter, 8 foot Parkway and 5 foot Sidewalk). The City shall make reimbursement to the Developer for the aforesaid oversized street improvements in the manner provided in and in accordance with Section 24-112 of the Code of the City. The Developer agrees and understands that the City shall have no obligation to make reimbursement payments for street oversizing unless funds for such payments shall first have been budgeted and appropriated from the Street Oversizing Fund by the City Council; and the Developer further understands that to the extent that funds are not available for such reimbursement, the City may not, in the absence of the Developer's agreement, require the construction, at the Developer's expense, of any oversized portion of streets not reasonably necessary to offset the traffic impacts of the Development. The Developer does hereby agree to construct the aforesaid oversized street improvements with the understanding that the Developer may not be fully reimbursed by the City for the cost of such construction. The Developer further agrees to accept payment in accordance with Section 24-112 (d) of the Code of the City as full and final settlement and complete accord and satisfaction of all obligations of the City to make reimbursements to the Developer for street oversizing expenses. 2. Subject to the conditions identified below in this Agreement, the City agrees to reimburse the Developer for oversizing public street improvements along Le Fever Drive for those portions of said street abutting the Property as shown on the Final Development Plan Documents. Le Fever Drive is not currently shown as a Collector on the Master Street Plan and thus the oversizing reimbursement shall *be on the condition that Le Fever Drive is added as a Collector Street on the Master Street Plan within in a period of 24 months from the execution of this agreement. It is the Developer's responsibility to pursue (and provide information and documentation needed for) the evaluation of a change to the Master Street Plan. Reimbursement for Le Fever Drive shall be for oversizing the street from local (access) standards to Minor Collector standards. The City shall make reimbursement to the Developer for the aforesaid oversized street improvements in the manner provided in and in accordance with Section 24-112 of the Code of the City. The Developer agrees and understands that the City shall have no obligation to make reimbursement payments for street oversizing unless funds for such payments shall first have been budgeted and appropriated from the Street Oversizing Fund by the City Council; and the Developer further understands that to the extent that funds are not available for such reimbursement, the City may not, in the absence of the Developer's agreement, require the construction, at the Developer's expense, of any oversized portion of streets not reasonably necessary to offset the traffic impacts of the Development. The Developer does hereby agree to construct the aforesaid oversized street improvements with the understanding that the Developer may not be fully reimbursed by the City for the cost of such construction. The Developer further agrees to accept payment in accordance with Section 24-112 (d) of the Code of the City as full and final settlement and complete accord and satisfaction of all obligations of the City to make reimbursements to the Developer for street oversizing expenses. 3. It is understood that the improvements that are to be constructed in the public right-of-way as described in this Section II(D) are "City improvements" (as defined below) and, as such, any contract for the construction of the same must be executed in writing. If the cost of such improvements exceeds the sum of Thirty Thousand Dollars ($30,000), the contract for the construction of the same must be submitted to a competitive bidding process resulting in an award to the lowest 9