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HomeMy Public PortalAboutRES-CC-2014-49CITY OF MOAB RESOLUTION #49-2014 A RESOLUTION APPROVING THE SUBDIVISION IMPROVEMENTS AGREEMENT AND ESCROW AGREEMENT WITH THE HOUSING AUTHORITY OF SOUTHEASTERN UTAH, FOR THE DEER TRAIL TOWNHOME SUBDIVISION ON PROPERTY LOCATED AT 792 WEST 400 NORTH IN THE R- 4 ZONING DISTRICT WHEREAS, Scott McFarland, as Subdivider, has provided the City of Moab with the necessary documents, plans and drawings to complete the application for review of the Final Plat of the proposed Deer Trail Townhome Subdivision as required in Moab Municipal Code (MMC) Title 16.; and WHEREAS, the City of Moab Planning Commission ("Commission") reviewed the Development in a duly advertised public hearing for compliance with the requirements of MMC Title 16, Subdivisions September 25, 2014 and subsequent to the hearing unanimously adopted Planning Resolution #13-2014 and found that the development met or can meet the requirements of MMC Title 16 and Title 17; and WHEREAS, the City Council reviewed the subdivision at a regularly scheduled meeting on October 14, 2014, and again on November 6, 2014, and having considered Staff recommendations, and discussed the pertinent aspects of the development, determined that the Final Subdivision Plat of Deer Trail Townhome Subdivision has met or can meet the requirements of Title 16 and Title 17 of the Moab Municipal Code conditions; and WHEREAS, the City Council has approved the Final Subdivision Plat of Deer Trail Townhome Subdivision; and WHEREAS, Subdivider is required to complete public and other improvements for the Subdivision; and WHEREAS, the Housing Authority of Southeastern Utah (HASU) has entered into an agreement with Subdivider for purchase of the subject property and for the completion of certain required improvements for the Subdivision; and WHEREAS, HASU will complete a portion of the required improvements for the Subdivision; and WHEREAS, a Subdivision Improvements Agreement between the City and HASU is needed in order to provide for the completion of, and financial assurance for, a portion of the required improvements for the Subdivision; and WHEREAS, an Escrow Agreement is needed in order to provide for the financial assurance for the required improvements; and WHEREAS, the Subdivision Improvements Agreement and the Escrow Agreement have been presented to this meeting of the Moab City Council; and NOW, THEREFORE, be it resolved by the Moab City Council, that adoption of Resolution #48-2014 hereby approves the Subdivision Improvements Agreement and Escrow Agreement with HASU, and authorizes the appropriate officials to execute and deliver said agreements. Resolution #49-2014 PASSED AND APPROVED in an open meeting by a majority vote of the Governing Body of Moab City Council on November 6, 2014. SI lravitt fS�dt l ison, Mayor - _ Rachel Stetit4P�corder CITY OF MOAB SUBDIVISION IMPROVEMENTS ESCROW AND DISBURSEMENT AGREEMENT DEER TRAIL SUBDIVISION HOUSING AUTHORITY OF SOUTHEASTERN UTAH THIS AGREEMENT is entered into on Novamiken (0, Ziyby and between THE CITY OF MOAB, UTAH, a municipal corporation, whose address is 217 East Center Ave, Moab, Utah ("CITY") and the Housing Authority of Southeastern Utah ("DEVELOPER"). RECITALS: A. Whereas, the City and DEVELOPER entered into an Improvements Agreement dated 1 I - (0- ly , ("Subdivision Improvements Agreement") containing terms and conditions regarding the subdivision and development of certain property as described by this survey: SURVEYOR'S DESCRIPTION A PARCEL OF LAND IN THE SW 1/4 SE 1/4 SECTION 35, T25S, R21E, SLBM. GRAND COUNTY, UTAH, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A 2" ALUMINUM CAP 190107-2201 IN A MONUMENT BOX FOR THE SE CORNER OF SAID SECTION 35; THENCE ALONG SOUTH LINE OF SAID SECTION S89°54'00"W A DISTANCE OF 1675.60 FEET; THENCE N00°27141"W A DISTANCE OF 24.80 FEET TO THE POINT OF BEGINNING; THENCE N00°03123"W 125.05 FEET; THENCE N89°54'40"E 179.63 FEET; THENCE S00°121421'W 124.77 FEET; THENCE 589°49'14"W 179.05 FEET TO THE POINT OF BEGINNING. CONTAINING 0.514 ACRES, MORE OR LESS. B. Whereas, in accordance with the Subdivision Improvements Agreement, DEVELOPER is required to post a performance bond in the amount of INSERT AMOUNT in an amount equal to one hundred fifty percent (140%) of estimated cost of constructing and installing certain described public and other required subdivision improvements, plus 10% of the estimated cost of said improvements as a warranty. DEVELOPER is required to deposit the sum of INSERT AMOUNT ("Escrow Funds") with the City Treasurer's Office to guarantee the construction and installation of a portion of said improvements. NOW, THEREFORE, in consideration of the recitals described above, the mutual covenants and conditions contained in this Escrow and Disbursement Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the City and the DEVELOPER, the parties agree as follows: Page 1 of 6 SECTION 1 CONSTRUCTION OF IMPROVEMENTS DEVELOPER agrees to complete the construction and installation of the public and other required subdivision improvements in accordance with all terms and conditions contained in the Subdivision Improvements Agreement. Such construction and installation shall be at DEVELOPER's sole expense. SECTION 2 FUNDS HELD IN ESCROW Concurrently with the execution of this Escrow and Disbursement Agreement, DEVELOPER shall deposit the sum of $4,945.50 with the City Treasurer's Department. The City Treasurer's Department agrees to hold this amount in escrow and any additional amounts deposited in accordance with the terms of the Subdivision Improvements Agreement. This escrow account shall be for the use and benefit of CITY and/or any subcontractors, laborers, or suppliers providing labor or materials for construction of the Required Improvements. The amount of the assurance shall be 140% of the estimated cost of the Required Improvements remaining to be completed at the time of the posting of the financial assurance. The cost estimate is attached hereto as Exhibit A. This financial assurance shall be in addition to the 10% of total construction cost warranty amount provided for herein, for a total initial financial assurance of 150%. The entire financial assurance shall be deposited in the escrow account and shall be referred to as Escrow Funds. SECTION 3 DUTIES OF THE CITY AS ESCROW AGENT The duties of the Escrow Agent shall be as follows: 3.1 Disbursement of Funds. During the term of this Escrow and Disbursement Agreement, the City Treasurer's Department shall hold and disburse the Escrow Funds in accordance with the terms and provisions of this Escrow and Disbursement Agreement. 3.2 Limited Liability. The City and DEVELOPER agree and acknowledge that the City assumes no liability in connection with this Escrow and Disbursement Agreement except for gross negligence or willful misconduct. 3.3 Disputes. If the City Treasurer's Department is unable to determine at any time to whom the Escrow Funds should be delivered, or if a dispute develops between the City and the DEVELOPER concerning to whom the Escrow Funds should be delivered, then in such event, the City Page 2 of 6 Treasurer's Office shall coordinate the delivery of the Escrow Funds in accordance with the joint written instructions of the City and DEVELOPER. SECTION 4 PARTIES' CONSENT The City and DEVELOPER hereby expressly consent to the disbursement of funds and other conduct of the City Treasurer's Department as Escrow Agent as authorized by the provisions of this Escrow and Disbursement Agreement. SECTION 5 DISBURSEMENT OF ESCROW FUNDS 5.1 Partial Releases of Financial Assurance. Upon partial completion of any class of improvements within the Required Improvements, as listed as a separate line item in Exhibit A, such as curb & gutter by way of example, DEVELOPER may request a partial release of escrow funds. The amount of funds released in a partial release shall not total more than one hundred thirty percent (130%) of the estimated cost of the completed improvements determined in accordance with Exhibit A, less the sum of all prior releases. Partial releases shall not be made for partial completion of a class of improvements. (a) In order for DEVELOPER to receive such partial disbursement, the following shall be presented to CITY: (i) A completed Escrow/Financial Assurance Partial Release Form supplied by CITY and signed by a professional engineer serving as agent for DEVELOPER (hereinafter: DEVELOPER's Engineer), (ii) Copies of all quality assurance test results/inspection reports required for the completed improvements, (iii) Copies of all weight/quantity tickets for materials incorporated in the work for all items that were estimated on the basis of weight/quantity, (iv) Copies of all bill of lading receipts for materials delivered to the site and not yet incorporated in the work for which a partial release is being requested. (b) The partial release request shall be reviewed for completeness and accuracy by City Public Works Director and/or City Engineer. CITY may adjust the amount of request if field inspection shows that quantities are not accurate, or all items of work have not been completed in accordance with the approved Construction Plans. (c) CITY shall process request within seven working days of receipt of a complete request application. Page 3 of 6 5.2 Final Release of Financial Assurance. Upon completion of all Required Improvements in accordance with the approved Construction Plans, DEVELOPER may request that the remainder of the Financial Assurance be released. The 10% warranty amount shall be retained until one year after the acceptance of improvements. (a) In order for DEVELOPER to receive final release of the financial assurance, the following shall be presented to CITY: (i) A completed Escrow/Financial Assurance Final Release Form supplied by CITY and signed by DEVELOPER. Said form shall include DEVELOPER's certification of warranty for the completed improvements. (ii) Copies of lien waivers/releases from all contractors who performed work on the project and all suppliers who supplied materials that were incorporated into the work. (iii) Written certification by DEVELOPER that all outstanding charges for the Improvements have been paid and that there are no liens, encumbrances, or other restrictions on the Improvements. (b) Upon acceptance of a complete request for final release, City Engineer and City Public Works Director shall verify that all Required Improvements are complete and in accordance with the approved Construction Plans and Final Plat. (c) Upon written certification from City Engineer that DEVELOPER has completed all of the required public and other subdivision improvements in accordance with this Agreement, and that there are not liens, encumbrances or other restrictions on the Improvements, and that such Improvements have been inspected and approved by the City Public Works Director and the City Engineer, the City Council shall execute a resolution verifying the acceptance of the Improvements and, if applicable, authorizing the City Treasurer to coordinate disbursement to the DEVELOPER any remaining funds, including any accrued interest, save the 10% warranty amount. (d) The 10% warranty amount, plus any accrued interest on this amount, shall be returned to the DEVELOPER one year after acceptance of the Required Improvements by the City, provided that no defects covered by the one- year warranty are discovered. DEVELOPER shall remedy any and all defects in the Required Improvements, or be subject to the relinquishment of the 10% warranty amount. 5.3 CITY's Use of Performance Guaranty upon Default. Upon written certification of the City Manager that the DEVELOPER has failed to perform its obligations under this Agreement, within the time period set forth in this Agreement, and if the CITY intends to proceed with the task of installing any or all of the Required Improvements covered by this Agreement, the City Treasurer or other authorized Page 4 of 6 individual shall then coordinate disbursement of Escrow Funds to the CITY or other payee authorized in writing by the CITY, in such amounts requested by the CITY. SECTION 6 NOTICES All notices required or given by the terms of this Escrow and Disbursement Agreement shall be made by personal delivery or by certified first class mail, postage pre -paid, return receipt requested, to the parties at their addresses listed below. All notices shall be effective upon personal delivery or mailing. These addresses shall remain valid until notice of a change of address is given to all parties. If to the City: City of Moab, City Manager 217 East Center Ave Moab, UT 84532 If to DEVELOPER: Housing Authority of Southeaster Utah 321 East Center Street Moab, UT 84532 Page 5 of 6 IN WITNESS WHEREOF, each party to this Escrow and Disbursement Agreement has caused it to be executed on the date indicated below. THE By: M.ayo� ATTEST: City Recorder= lk - LI Date DEVELOPER: HOUSING AUTHORITY OF SOUTHEASTERN UTAH ou`sing A Printed Name: y of Southeastern Utah Title: /STK-r e l� �t vif„..-/` r STATE OF UTAH )§ COUNTY OF GRAND The foregoing agreement was executed before me by Qe A111t'\ k icy , this S day of A)o, 201y. Witness my hand and -official seal. My commission expires: /a-/ f - 02o/ c JENNIE ROSS Notary Public State of Utah Comm. No. 661521 My Comm. Expiies Dec 11, 2016 Notary P Address: , State of Utah a 17 C l 4/4Ar Page 6 of 6 SUBDIVISION IMPROVEMENTS AGREEMENT For Deer Trail Townhome Subdivision Housing Authority of Southeastern Utah The CITY OF MOAB, a Utah municipality (hereinafter "CITY"), and Housing Authority of Southeastern Utah, (hereinafter "DEVELOPER") mutually referred to as the "Parties", do hereby enter into the following Agreement, pursuant to Moab Municipal Code (hereinafter: "City Code") Section 16.20, to cover the installation of subdivision improvements required by City Code (hereinafter: the "Required Improvements"). I. RECITALS. A. The City Planning Commission ("Commission"), as the recommending body to the Land Use Authority for preliminary subdivision plat approval, after following all required procedures and meeting noticing requirements, approved a Preliminary Plat for the Deer Trail Townhome Subdivision on September 25, 2014. B. The Commission, after following all required procedures and meeting notice requirements, recommended conditional approval of the Final Plat for the Deer Trail Townhome Subdivision to the Moab City Council ("Council"). C. The Council, as the Land Use Authority for Final Subdivision Plat approval, approved the Final Plat of the Deer Trail Townhome Subdivision (hereafter "the Subdivision" or "the Plat") at its regular City Council meeting on October 14, 2014. D. Scott McFarland, the SUBDIVIDER for the Subdivision, has submitted to CITY for its review construction plans and specifications, having been prepared by Souder Miller and Associates (SMA) and bearing the stamp of a licensed Professional Engineer (hereinafter: the "Construction Plans"). Said Construction Plans show in sufficient detail the Required Improvements for the Subdivision. E. The Construction Plans have been reviewed and approved subject to such modifications as may have been specified by each of the following entities: (i) The City Engineer with respect to site grading, pathway, street, and storm water drainage improvements, (ii) The City Public Works Department with respect to public culinary water and sewer improvements. F. SUBDIVDER has agreed to construct all required improvements for the Subdivision, with the exception of the storm water drainage improvements, which DEVELOPER has agreed to construct. Wage Deer Trail Townhome Subdivision Subdivision Improvements Agreement City of Moab and the Housing Authority of Southeastern Utah Page 2 of 8 II. AGREEMENT IN CONSIDERATION OF THE ABOVE PREMISES, THE PARTIES HEREBY AGREE AS FOLLOWS: 1. Covered Property. The real property subject to this Agreement (hereinafter; the "Property") is described as follows by survey: SURVEYOR'S DESCRIPTION A PARCEL OF LAND IN THE SW 1/4 SE 1/4 SECTION 35, T25S, R21E, SLBM. GRAND COUNTY, UTAH, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A 2" ALUMINUM CAP 190107-2201 IN A MONUMENT BOX FOR THE SE CORNER OF SAID SECTION 35; THENCE ALONG SOUTH LINE OF SAID SECTION 589°54'00"W A DISTANCE OF 1675.60 FEET; THENCE N00°27141"W A DISTANCE OF 24.80 FEET TO THE POINT OF BEGINNING; THENCE N00°03123"W 125.05 FEET; THENCE N89°54140"E 179.63 FEET; THENCE 500°12'42"W 124.77 FEET; THENCE 589°49'14"W 179.05 FEET TO THE POINT OF BEGINNING. CONTAINING 0.514 ACRES, MORE OR LESS. 2. Required Improvements. DEVELOPER will make the following improvements to the property shown on the Construction Plans. Required Improvements shall include but not be limited to the following: (a) Storm water drainage facilities, including grading and berming. (b) Site clearing and removal of obstructions (c) General site grading 3. Improvements to be Completed in Conformance with Construction Plans. Improvements shall be completed in conformance with the approved Construction Plans. All changes to the Construction Plans must be authorized in writing by the City Engineer. In addition, all improvements shall be completed in conformance with the City of Moab Public Improvement Specifications, and all state and federal regulations as applicable. Where discrepancies occur between the Construction Plans and the listed reference standards, the reference standard shall prevail. 4. Building Permits. No Building Permits will be issued until the final plat is recorded AND a financial assurance as provided for in this agreement has been filed. 5. Acceptance of Improvements, Warranty. All work shall be subject to quality assurance testing and inspection as specified in the Construction Plans and/or applicable reference standards. DEVELOPER or DEVELOPER's authorized Deer Trail Townhome Subdivision Subdivision Improvements Agreement City of Moab and the Housing Authority of Southeastern Utah Page 3 of 8 representative shall provide 48 hours minimum notification to CITY as applicable. when inspection by either entity is required. The costs associated with such testing and inspection shall be the responsibility of DEVELOPER. (a) Upon satisfactory completion of improvements as evidenced by inspection & testing as applicable, all water and sewer mains shall be dedicated to the CITY and all street and public pathway improvements in public rights -of - way shall be dedicated to CITY. (b) DEVELOPER warrants that all public improvements dedicated to CITY shall be constructed in a workmanlike manner and in accordance with approved plans and specifications, and that all such improvements shall be free of defects in materials and workmanship for a period of one (1) year from the date of acceptance by CITY. (i) DEVELOPER shall promptly repair or replace any defective work following receipt of written notice under this warranty from the CITY. (ii) DEVELOPER additionally warrants that all public improvements shall be delivered free and clear of any lien or encumbrance. (c) DEVELOPER shall post with the city an amount not to exceed 10% of the total costs of construction of the Required Improvements for a warranty period not to exceed one year of the date of final inspection and acceptance by the CITY. The warranty amount shall be promptly returned to DEVELOPER upon expiration of the one year warranty period. This amount shall be in addition to the 140% Performance Guaranty provided for below, for a total initial financial assurance of 150%. 6. Performance Guaranty/Financial Assurance. Pursuant to City Code 16.20.060, DEVELOPER has elected to post a performance guaranty with CITY prior to recordation of the Plat. (a) DEVELOPER shall post a financial assurance, in the form of an escrow account, for the use and benefit of CITY and/or any subcontractors, laborers, or suppliers providing labor or materials for construction of the Required Improvements. The amount of the assurance shall be 140% of the estimated cost of the Required Improvements remaining to be completed at the time of the posting of the financial assurance. The cost estimate is attached hereto as Exhibit A. It is the DEVELOPER's responsibility to contact the City Manager to arrange for the posting of the financial assurance. This financial assurance shall be in addition to the 10% of total construction cost warranty amount provided for herein, for a total initial financial assurance of 150%. 7. Recordation of Plat and Filing of Financial Assurance. If the financial assurance in 9(a) above has not been established before the six-month time frame to record the final plat, CITY shall issue an immediate cease and desist order to Deer Trail Townhome Subdivision Subdivision Improvements Agreement City of Moab and the Housing Authority of Southeastern Utah Page 4 of 8 DEVELOPER and all work shall be discontinued until such time as an acceptable financial assurance has been established. In no case shall any building permits be issued until the required financial assurance is received by the CITY. Recordation of the Final Plat shall not occur unless DEVELOPER files an acceptable financial assurance with the City, as provided for herein. If SUDIVIDER fails to file the financial assurance or complete the Required Improvements within six months of the approval of the Final Plat by the City Council, recordation of the Final Plat will not occur and approval of the Final Plat will lapse. In such case as the approval of the Final Plat lapses, a cease and desist order will be issued, and other action against DEVELOPER as allowed by law will be taken. 8. Partial Releases of Financial Assurance. Upon partial completion of any class of improvements within the Required Improvements, as listed as a separate line item in Exhibit A, such as curb & gutter by way of example, DEVELOPER may request a partial release of escrow funds. The amount of funds released in a partial release shall not total more than one hundred thirty percent (130%) of the estimated cost of the completed improvements determined in accordance with Exhibit A, less the sum of all prior releases. Partial releases shall not be made for partial completion of a class of improvements. (a) In order for DEVELOPER to receive such partial disbursement, the following shall be presented to CITY: (i) A completed Escrow/Financial Assurance Partial Release Form supplied by CITY and signed by a professional engineer serving as agent for DEVELOPER (hereinafter: DEVELOPER's Engineer), (ii) Copies of all quality assurance test results/inspection reports required for the completed improvements, (iii) Copies of all weight/quantity tickets for materials incorporated in the work for all items that were estimated on the basis of weight/quantity, (iv) Copies of all bill of lading receipts for materials delivered to the site and not yet incorporated in the work for which a partial release is being requested. (b) The partial release request shall be reviewed for completeness and accuracy by City Public Works Director and/or City Engineer. CITY may adjust the amount of request if field inspection shows that quantities are not accurate, or all items of work have not been completed in accordance with the approved Construction Plans. (c) CITY shall process request within seven working days of receipt of a complete request application. 9. Final Release of Financial Assurance. Upon completion of all Required Improvements in accordance with the approved Construction Plans, Deer Trail Townhome Subdivision Subdivision Improvements Agreement City of Moab and the Housing Authority of Southeastern Utah Page 5 of 8 DEVELOPER may request that the remainder of the Financial Assurance be released. The 10% warranty amount shall be retained until one year after the acceptance of improvements. (a) In order for DEVELOPER to receive final release of the financial assurance, the following shall be presented to CITY: (i) A completed Escrow/Financial Assurance Final Release Form supplied by CITY and signed by DEVELOPER. Said form shall include DEVELOPER's certification of warranty for the completed improvements. (ii) Copies of lien waivers/releases from all contractors who performed work on the project and all suppliers who supplied materials that were incorporated into the work. (iii) Written certification by DEVELOPER that all outstanding charges for the Improvements have been paid and that there are no liens, encumbrances, or other restrictions on the Improvements. (b) Upon acceptance of a complete request for final release, City Engineer and City Public Works Director shall verify that all Required Improvements are complete and in accordance with the approved Construction Plans and Final Plat. (c) Upon written certification from City Engineer that DEVELOPER has completed all of the required public and other subdivision improvements in accordance with this Agreement, and that there are not liens, encumbrances or other restrictions on the Improvements, and that such Improvements have been inspected and approved by the City Public Works Director and the City Engineer, the City Council shall execute a resolution verifying the acceptance of the Improvements and, if applicable, authorizing the Escrow Agent to disburse to the DEVELOPER any remaining funds, including any accrued interest, save the 10% warranty amount. (d) The 10% warranty amount, plus any accrued interest on this amount, shall be returned to the DEVELOPER one year after acceptance of the Required Improvements by the City, provided that no defects covered by the one- year warranty are discovered. DEVELOPER shall remedy any and all defects in the Required Improvements, or be subject to the relinquishment of the 10% warranty amount. 10. CITY's Use of Performance Guaranty upon Default. Upon written certification by the City Manager that the DEVELOPER has failed to perform its obligations under this Agreement, within the time period set forth in this Agreement, and if the CITY intends to proceed with the task of installing any or all of the Required Improvements covered by this Agreement, the Escrow Agent or other authorized individual shall then disburse Escrow Funds to the CITY or other payee authorized in writing by the CITY, in such amounts requested by the CITY. Deer Trail Townhome Subdivision Subdivision Improvements Agreement City of Moab and the Housing Authority of Southeastern Utah Page 6 of 8 11. Zoning Compliance. Certificates of Occupancy for structures within the Property shall only be issued upon satisfactory completion and acceptance of all Required Improvements as stipulated herein. 12. Default, Remedies, Lapse of Plat. All provisions of this Agreement are material and any violation is grounds for declaration of Default. Prior to invoking any remedies for Default under this Agreement the CITY shall deliver written notice to the DEVELOPER describing the act, event, or omission constituting same, and allowing DEVELOPER a period of not less than thirty (30) days in which to cure or abate the violation. Cure within that period reinstates this Agreement. (a) Upon declaration of default the CITY may exercise any remedies for violation available under City ordinances or Utah statutes, including, without limitation, proceeding against the payment or performance bonds; withholding building permits or certificates of occupancy/zoning compliance; an action to enjoin or abate zoning violations; recording of a lapse of plat, in whole or in part; and any other remedies available at law or equity, including specific performance or injunctive relief. (b) The recording of a lapse of plat by the CITY shall result in the reversion of the approval of the subdivision. A lapse of plat shall terminate all previous approvals and result in the elimination of platted lots for the affected property. 13. General Provisions. This Agreement shall be binding on and inure to the benefit of the successors and assigns of DEVELOPER in the ownership or development of all or any portion of the Property. Prior to assigning any or all of his rights and duties under this Agreement DEVELOPER shall obtain from any transferee a written assumption acknowledging and agreeing to be bound by this Agreement. (a) This Agreement is the product of mutual bargaining. All terms shall be construed in accordance with their plain meaning, regardless of the extent to which either party participated in the drafting. (b) Failure of a party to exercise any right under this Agreement shall not be deemed a waiver of any such right, nor shall any course of dealing or previous action or inaction be deemed a waiver of any rights or claims arising with respect to later or subsequent breaches, acts or omissions. (c) The term "Agreement" includes this Improvements Agreement, all exhibits hereto, the Final Plat/Plan for the subdivision, and all related design drawings, which documents shall constitute the sole and complete Agreement between the parties. The Agreement shall supersede all prior Agreements or representations, however evidenced. No modifications to any of the terms of this Agreement shall be binding, unless reduced to writing and lawfully executed by both parties. (d) The place of performance of this Agreement is Grand County, Utah. In Deer Trail Townhome Subdivision Subdivision Improvements Agreement City of Moab and the Housing Authority of Southeastern Utah Page 7 of 8 the event of any legal dispute concerning the subjects of this Agreement, the parties stipulate to venue in the Seventh Judicial District Court, Grand County, Utah. In any such proceeding the parties waive trial to a jury on all claims and agree that the action shall be tried to the court. (e) In any legal proceeding concerning the terms of this Agreement the substantially prevailing party shall be entitled to recover its reasonable attorney fees and court costs in addition to any other relief authorized herein. (f) This Agreement shall be governed by Utah law. (g) This Agreement does not create any third party beneficiary rights. It is specifically understood by the parties that; (i) (ii) the Project is a private development; the CITY of Moab has no interest in, responsibilities for, or duty to third parties concerning any improvements to the Property, unless the CITY accepts the improvements pursuant to this Agreement; (iii) and except as otherwise provided herein, DEVELOPER shall have full power and exclusive control of the Property. (h) The provisions of this Agreement are severable, and if any portion should be held to be void or unenforceable, then the remainder of this Agreement shall be construed to be in full force without reference to the invalid provision. (i) In the event of any legal dispute concerning this Agreement neither party shall be liable to the other for consequential damages, lost profits, or delay related damages of any kind. (j) All notices under this Agreement shall be given in writing by first class or certified mail, postage prepaid, and delivered to the following addresses: To the City of Moab: City of Moab 217 East Center Street Moab, Utah 84532 Attn: City Manager To DEVELOPER: Housing Authority of Southeastern Utah 321 E. Center Street Moab, UT 84532 Phone: 435-259-5891 (k) Notice may be delivered to such other parties or addresses as the parties Deer Trail Townhome Subdivision Subdivision Improvements Agreement City of Moab and the Housing Authority of Southeastern Utah Page 8 of 8 may designate in writing from time to time. IN WITNESS WHEREOF, this Agreement has been executed by the City of Moab, acting by and through the Moab City Council, which has duly authorized execution, and by DEVELOPER as of the date(s) specified below. CI OF O A r ✓� 7 Mayor David L. Sakrison ATTEST: Rachel- Stenta= City Recorder Date �-(e-11 Date DEVELOPER: HOUSING AUT139RITY OF SOUTHEASTERN UTAH Housing Authority of Southeastern Utah Name: .9i �'4 �r Pry By Its � u tic' r_ek--4r- STATE OF UTAH COUNTY OF GRAND } )§ Date The foregoing agreement was executed before me by .8 cm:3 o-0:i IA/ , this S day of A)o,i rn u 20) (f. Witness my hand and official seal. My commission expires: /a el 6 JENNIE ROSS Notary Public State of Utah Comm. No. 661521 My Comm. Expires Dec 11, 2016 Notary Pub((j'c, State of Utah Address: ark F et-,• t s Ag.o ck-br ( r (F y S3 —