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Reimbursement - 2024 - Element Design Build / Blue Skye Development Reimbursement - 5/14/2024REIMBURSEMENT AGREEMENT THIS REIMBURSEMENTAGREEMENT(this "Agreement") is made this III day of VY1,A, , 2024 between the City of Eagle, a municipal corporation organized and existing un er the State of Idaho ("Eagle" or "City"), and Element Design Build LLC, an Idaho limited liability company ("Element"). The City and Element may be referred to in this Agreement individually as a "Party" or collectively as the "Parties", as warranted under the circumstances. RECITALS A. Blue Skye Capital LLC owns or controls or is under contract to purchase large tracts of real property in Ada County (the "Property") and has contracted with Element to develop the Property. B. Element intends to request annexation of the Property into the City of Eagle. C. Element has requested the establishment of a reimbursement agreement between the Parties for City's review of development proposals and processing of all annexation and concurrent development applications for the Property ("Development Submittals"). D. The Parties acknowledge that: 1. Development of the Property, including public infrastructure, is expected to progress in phases; 2. This Agreement does not constitute approval of any Development Submittals, application, development agreement or conceptual plans for the development of the Property and all development approvals will be in accordance with the notice and hearing procedures of the Eagle City Code and Idaho State Statutes; 3. Due to the size of the Property, the City's standard application fees are cost prohibitive to bringing the Development Submittals forward under the City's jurisdictional authority; E. To facilitate and ensure the timely processing of Development Submittals, the Parties agree Element, on the terms and conditions herein, will deposit and maintain funds with the City to ensure reimbursement of City expenses for the review and consideration of the Development Submittals by appropriate land use planners, legal counsel, engineers and/or other consultants (collectively, "City Consultants") as may be retained by the City, provided that such additional fees for services are necessary to support City's review of the Development Submittals where the City would not typically retain an outside consultant (for example, but not limited to, a traffic engineer) (collectively, "Reimbursable Expenses"). If the City determines that additional information is necessary to aid in the understanding of the work provided by Element's consultants provided with the Development Submittals, the City will first request such information be provided by Element before conducting its own third -party review using an outside City Consultant. A third -party review will not be conducted by the City until Element has first had an opportunity to present new information to the City. If the Eagle City Council determines that a third -party review by a City Consultant is necessary, then the City will provide written notice to Element of its intention to retain a City Consultant and City's reason for its necessity. The Parties must agree on a scope of work prior to commencement of third -party review(s). F. The Eagle City Council has authorized the Mayor to enter into this Agreement on behalf of the City and this Agreement shall become effective on the date that the Parties have executed this Agreement ("Effective Date"). AGREEMENT NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, and in consideration of the recitals above, which are hereby incorporated below, the Parties represent, covenant, and agree as follows: 1. Fees. Element, in lieu of paying the fees established in Eagle City Code and/or applicable fee resolution or application form, shall pay the Reimbursable Expenses incurred by the City and invoices received by the City for the costs incurred to process the Development Submittals in accordance with Eagle City Code and Idaho State Statutes. 2. Scope of Review. Following the Effective Date, and again at least annually, the City, through its Zoning Administrator, and Element will meet and discuss the scope of review of the Development Submittals by City staff and City Consultants (the "Scope of Review"). In advance of the meeting, the City will provid e Element a written estimate for the time and expenses for the Scope of Review, including then -current City Consultant rates. The Scope of Review is understood to be a good faith estimate that may increase or decrease as City's review and processing of the Development Submittals progresses. The fees collected by the City in connection with this Agreement will be used solely for the purpose of reimbursing the City for Reimbursable Expenses subject to the Scope of Review and its amendments, if any. 3. Costs for Public Hearings and Meetings. Out-of-pocket costs, not including City Consultant fees, such as for publication of notices, incurred by City and City Consultants in connection with public hearings and meetings before the City and required agencies will be paid by Element to the extent that they are not covered by other fees in place at the time the City receives the Development Submittals. 4. Review Fund Retainer. Element shall deposit $15,000 (the "Review Fund Retainer") with the City Treasurer. Element acknowledges and understands that the retainer paid is not an estimate of the total cost of the services to be performed, nor it is a cap or "not to exceed" number. The Review Fund Retainer is to be held to ensure Element is able to abide by the terms of this Agreement regarding the timely payment of all fees incurred. The Review Fund Retainer shall remain at this amount throughout this Agreement. If Element is unable to remain current with all outstanding invoices as set forth in Paragraph 5 below, the City may utilize the existing Review Fund Retainer to apply toward the account and suspend all work under this Agreement. Upon completion or termination of this Agreement and payment of all outstanding invoices, the balance of the Review Fund Retainer will be refunded to Element within sixty (60) days from the date of completion or termination. 5. Invoices and Payment. The City will provide a monthly statement to Element detailing Reimbursable Expenses incurred in the prior calendar month (each an "Invoice") along with copies of supporting documentation such as receipts and invoices from City Consultants, which may be redacted to protect privileged or otherwise undisclosable information. Payment is due thirty (30) days from the Invoice date. If Element contests any portion of an Invoice, Element will promptly notify the City Clerk's office, and the Parties will promptly and diligently endeavor to resolve the contested amounts, including, as necessary, by the City replenishing the deposit by the contested amount. If the Parties are unable to come to agreement on the Reimbursable Expenses, either Party may provide the other Party notice and intent to mediate the matter. The Parties shall agree on a mediator selected from the Idaho Supreme Court Mediators Roster. While the matter is in mediation, the City will continue to review the Development Submittals and Element will continue to pay all uncontested Invoices. 6. Element's Right to Terminate or Suspend. In the event that Element elects, in its sole discretion, to cease or suspend pursuing the Development Submittals or upon completion of the City's processing of the Development Submittals, Element will notify the City in writing. Element will be responsible for payment of all Reimbursable Expenses incurred prior to delivery of such notice. The City will provide and Element will pay a final invoice, with supporting documentation, in accordance with Section 5 of this Agreement. Any balance remaining in the Review Fund Retainer will be returned by the City to Element within sixty (60) days of a final action on the Development Submittals or notice provided by Element pursuant to this Section 8. 7. Meetings of the Parties. The City's Zoning Administrator, or the Zoning Administrator's designee, and Element may meet from time to time to discuss the review of the Development Submittals and the manner in which costs might be most effectively managed. The City maintains the sole right to determine the nature and extent of the City's review of the Development Submittals provided such review is consistent with the Eagle City Code, Idaho State Statutes, or any future Development Agreement or other agreements between the Parties. The City's Zoning Administrator or the Zoning Administrator's designee will be the City's representative and will oversee the City's review of the Development Submittals and coordinate all communications and carry out any and all tasks as may be required by this Agreement so as to promote the efficient use of time and resources and help control Reimbursable Expenses. 8. Processing Applications. The Parties acknowledge that nothing in this Agreement shall be construed to establish nor grant Element any right to demand that the Development Submittals are placed ahead of any other rightfully submitted application. The City will establish an official submittal date prior to scheduling a formal review and hearing process. 9. Subsequent Applications. The Parties understand and agree that this Reimbursement Agreement pertains to the Development Submittals. Application fees related to the processing of future land use and administrative applications including, but not limited to, subdivision, conditional use permit, and design review applications will be paid in accordance with the City's adopted planning fee and deposit schedule. 10. Miscellaneous. a. Notices. All notices, filings, consents, approvals and other communications provided for herein or delivered in connection with this Agreement will be delivered as provided herein. b. Entire Agreement. This Agreement constitutes the entire agreement between the Parties pertaining to the subject matter hereof. No modification or amendment to this Agreement made or claimed by Element or the City will have any force or effect unless the same will be endorsed in writing and signed by both Parties. c. Severability. If any provision of this Agreement is declared void or unenforceable, such provision will be severed from this Agreement, and this Agreement will otherwise remain in full force and effect. d. Exhibits; Recitals. Any exhibit attached hereto and the Recitals set forth above are hereby incorporated herein with the same force and effect as if fully set forth in the body of this Agreement. e. Construction. The language herein will be constructed simply in accord with its fair meaning and not strictly for or against a Party, regardless of whether such Party prepared or caused the preparation of this Agreement. As used in this Agreement references to one gender and the singular or plural number will each be deemed to include the others wherever and whenever the context so dictates. f. Choice of Law. This Agreement will be construed in accordance with the laws of the State of Idaho. g. Waiver. No delay in exercising any right or remedy will constitute a waiver by either Party thereof, and no waiver by the City or Element of the breach of any covenant or condition of this Agreement will be construed as a waiver of any preceding or succeeding breach of the same or any other covenant or condition of this Agreement. h. Successors and Assigns. This Agreement will be binding on the City and Element, and their respective heirs, administrators, executors, agents, legal representatives, successors and assigns. i. No Partnership; No Third -Party Beneficiaries. Nothing contained in this Agreement will, create any partnership, joint venture or other arrangement between Element and City. This Agreement will not be construed to create any rights in any person or entity who is not a signatory to this Agreement and no person or entity may claim the status of a third -party beneficiary of this Agreement. j. No Element Representations. Nothing contained herein will be deemed to obligate Element to complete any part or all of the entitlement or development of the Property in accordance with this Agreement, or any other plan, and this Agreement will not be deemed a representation or warranty by Element of any kind whatsoever. k. Time of Essence. Time is of the essence in implementing the terms of this Agreement. I. Further Acts. Each of the Parties will act in good faith when undertaking their respective obligations and covenants contained herein and will promptly execute and deliver all such documents and perform all such acts as reasonably necessary, from time to time, to carry out the matters contemplated by this Agreement. m. Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but all of which together constitute one and the same instrument. n. Notices. Any notice which a Party may desire to give to another Party must be in writing and may be given by personal delivery, by mailing the same by registered or certified mail, return receipt requested postage prepaid, or by Federal Express or other reputable overnight delivery service, to the Party to whom the notice is directed at the following addresses: Eagle: City of Eagle Attn: City Treasurer 660 E. Civic Lane Eagle, ID 83616 clerks@cityofeagle.org Element: Element Design Build LLC Attn: Josh Anderson 35Oi Bavaria St- to IL-1°1 N • rne•4\ (Vlas� loo -6 ' os%Se, 83-1 �3 joshAdesignmyelement.com with a copy to: Kelly Palos ke11ya,designmyelement.com Deborah Nelson Givens Pursley LLP denAgivenspursley.com or such other addresses and to such other persons as the parties may hereafter designate. IN WITNESS WHEREOF, the Parties hereto, having been duly authorized, have executed this Agreement to be effective as of the Effective Date. CITY: CITY OF EAGLE, IDAHO, a municipal corporation organized and existing under the laws of the State of Idaho By - Brad Pike, Mayor Attest: ELEMENT: Element Design Build LLC, an Idaho limited liability company By: Name: Its: with a copy to: Kelly Palos kellyAdesignmyelement.com Deborah Nelson Givens Pursley LLP den@givenspursley.com or such other addresses and to such other persons as the parties may hereafter designate. IN WITNESS WHEREOF, the Parties hereto, having been duly authorized, have executed this Agreement to be effective as of the Effective Date. CITY: CITY OF EAGLE, IDAHO, a municipal corporation organized and existing under the laws of the State of Idaho By: Brad Pike, Mayor Attest: By: Tracy Osborn, City Clerk DATED: ELEMENT: Element Design Build LLC, an Idaho limited liability company BY: KI`A Name: Its: PreC1(1 one DATED: