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RES 99-22 APPROVAL OF LATECOMER'S AGREEMENT FOR DICK BOWEN OF LESLIE LANDING RESOLUTION NO. 99-22 A RESOLUTION of the City of Bainbridge Island, Washington, sett'mg a public hearing on a Latecomers reimbursement charge for a portion of Shepard Way. WHEREAS, Richard G. Bowen, the developer of Leslie Landing, entered into a City Stan_ct_ard Developer Agreement to pave as portion of Shepard Way, a public Right- of-way; and WHEREAS, the Developer requests the approval of the City's standard Latecomers Agreement (LCA) to partially recover some of his capital costs while bene~ting the adjacent property owners; and WHEREAS, a Public Hearing is required to foxrealize such Latecomers Agreement, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASItlNGTON, BOES RESOLVE AS FOLLOWS: 1. Schedule a Public Hearing for such a latecomer's agreement before the City Council at 7:00 PM, Wednesday, October 13, 1999. 2. Direct the City Clerk to provide notification of said public heating. PASSED by the City Council this 11th day of August, 1999. APPROVED by the Mayor this 12m day of August, 1999. ATTEST/AUTHENTICATE: FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: RESOLUTION NO. 99-22 DWIGHT SUTTON, Mayor August 4, 1999 August 11, 1999 RECEIVED JUN 19 1998 LATECOMER REIMBURSEMENT AGREEMENT PW/ENG (DELAYED BENEFIT CHARGE) TH s AG.EEME.T is t b ve as at the tq day of and between ~ ("Owne~') and CITY OF BAINBRIDGE ISLAND, WASHINGTON, a munici~l corporation of the State of Washington ("Ci~'). RECITALS The Owner and the City have 'entered into a Developer Extension Agreement ('~xtenslon Agreement") for the construction and installation of facilities in order to provide service to the Owners property. In Accordance with the Extension Agreement, the Owner has installed and constructed the nwater, gsewer, astorrn and surface water and/or )f, foadway facilities described in Exhibit A, attached hereto and made a pad hereof ("Facilities"). The Owner has requested the City to Collect a portion of the total cost of the Facilities from property owners who subsequently connect to or use the facilities and who did not contribute to the original cost of the facilities and reimburse that amount to the Owner. De The City has reviewed documents submitted by the Owner regarding the cost of the Facilities for purposes of providing reimbursement to the Owner. , The City has established a reimbursement area for purposes of providing reimbursement to the Owner. The parties desire to enter into an agreement to provide reimbursement to the Owner pursuant to Chapter 35.91 RCW and Sections 13.10.050 and 13.16.020 of the Bainbridge Island Municipal Code. TERMS AND CONDITIONS IN CONSIDERATION of the following terms and conditions, the parties agree as follows: !. Reimbursement Authorized. Within a ten year period following the effective date of this Reimbursement Agreement, the City shdll collect from the owners of real property described in Exhibit B, attached hereto and made a pod hereof, and reimburse to the Owner, the reimbursement amounts (delayed benefit charges) described in Section 2. 2. Cost of~r 'ities: mount of Reimbursement. The app.~oved total subject to reimbursement from the owners of real property descd~"~ i'~'~'hibit B. The formula fir determining the amount .of reimbursement fo be paid by such owners is set fodh on Exhibit C, attached hereto and made a pad hereof. The reimbursement amounts shall not accrue interest. 3. ' Method of Reimbursement. The City shall collect the reimbursement amounts from the owners of real property described in Exhibit B in accordance with Exhibit C prior to the connection of the property to the City's system. Before transmitting the reimbursement amount to the Owner, the City shall deduct an amount equal to ten percent thereof to cover the administrative costs to the City of handling such reimbursement. The remaining amount shall be paid to the Owner within sixty (60) days of receipt at the following address: OWNER: 1"he City shall pay the reimbursement to the Owner unless the City determines, upon written proof satisfactory to the City, that another person requesting payment is legally entitled to receive the reimbursement by contract or operation of law. If payment cannot be made to the address listed above or to any new address for the Owner provided to the City in writing, the City shall not be responsible for locating the Owner or its assigns or successors in interest. If any reimbursement amount remains unclaimed within three years of receipt by the City, such amount shall become the property of the City. If any dispute arises pdor to payment as to the proper person to receive payment, the City may intrepid the funds into the Kitsap County Superior Cud and be relieved of any further obligation or liability under this Reimbursement Agreement or for making such payment. 4. Liens; Satisfaction. The reimbursement amounts due and owing to the Owner from owners of real property described in Exhibit B shall be a lien and servitude upon that real property. Upon payment, the City shall discharge and satisfy the lien of record. 5. Entire Agreement: Binding Nature. This Reimbursement Agreement constitutes the entire agreement between the parties concerning reimbursement for a pro-rata share of the total cost of the Facilities, and is binding upon the heirs, executors, administrators, successors and assigns of the part, es. STATE OF'WASHINGTON ) ) ss. COUNTY OF KITSAP ) I certity that l know or have satisfactory evidence that is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the rluJ to be the free and voluntary act of such corporation for the uses and purposes mentioned in the instrument. Notary Public in and for the State ot Washington, Residing at Q L] i LC e ,kj ~ My Appointment Expires Z_/_ 5'-(:~ / (:}:~m~slm~ev E~t A~e~mem.doc EXHIBIT A TO REIMBURSEMENT AGREEMENT A,~l[-oved Reimbursable Item Appmved Reimbursable Cost Facilities Aplmrtenances D~gn Enlineering R~toration $ $ 5'~ oo0, oO $ $ $ XotalneimbursableCost $ ~'71 ~61, O0 EXHIBIT B TO REIMBURSEMENT AGREEMENT No. Tax Lot Number 9:J~5'ok--q-117- ;~oo6 Ownership Name 10. EXHIBIT C TO REIMBURSEMENT AGREEMENT Fouaula for determining reimbursement amount due from property owners who subsequently connect to or use the Facilities, and who did not contribute to the original cost of the Facilities: DELAYED BENEFIT CHARGE (Based on the # of lots contained in each parcel that wffi benefit from the Facility) Ownornll~p Name $chneider Homes, Inc. PNEC Corporation Richard G. Bowen (Le~ Landing) Tax Lot Number 272502-4-117 -2006 272502-4-005-2001 272502-4-153-2001 Number of Iots Apportioned Accessim~ Via Costs Shepard Way 12 $26,751 2 $4,459 12 $26,751 26 $57,961 033 034 055 117 240' ITS OF 1997 SHEPARD WAY 173' -, STREET IMPROVEMENTS 006 LESL/E LAND/NC I EXPIRES: JUNE 7. 1998 SHEPARD WAY ROAD FRONTAGE EXHIBIT