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Reimbursement - 2025 - Avimor Credit For Voluntary Maintenance Payments (Avimor Water System) - 1/28/2025AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS (Avimor Water System) This AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS ("Agreement") is entered into this 28th day of January, 2025 ("Agreement Date"), by and between the City of Eagle, a municipal corporation of the State of Idaho ("City"), and Avimor Development, LLC, an Idaho limited liability company ("Avimor"). City and Avimor may be referred to in this Agreement individually as a "Party" or collectively as the "Parties", as warranted under the circumstances. Recitals A. Avimor owns or controls large tracts of real property in Ada, Boise, and Gem Counties (the "Property"). B. The Property has been annexed into the City of Eagle as a mixed -use planned community (the "Avimor Project") pursuant to City of Eagle Ordinances 901 and 902, incorporated herein by reference, which ordinances legally describe and depict the Property. C. The residential common areas of the Avimor Project are operated and managed by the Avimor Residential Community Association, Inc., an Idaho nonprofit corporation, functioning as a homeowner's association (the "Avimor HOA"). D. City owns and operates a domestic water utility that provides domestic water services throughout the municipal boundary of the City of Eagle. E. The Property is within the City's water service area pursuant to Eagle City Code Section 6-5-3(A) (Ord. 517, 5-10-2005). F. The Parties, together with Sage Investment Partners LLC ("Sage"), entered into that certain Agreement for Service dated March 22, 2022 (the "Water Service Agreement") attached hereto and incorporated herein as Exhibit A. G. Pursuant to the Water Service Agreement: (i) City agreed to provide water service to the Property (as further identified and described in the Water Service Agreement); (ii) Avimor and Sage agreed to obtain approvals for and to design and construct the "Water Facilities" (as defined in the Service Agreement); and (iii) City agreed to accept ownership of the Water Facilities as they are completed and to be "solely responsible for management, maintenance and operation" of such Water Facilities following dedication. In addition, pursuant to the Water Service Agreement, the City shall manage the Water Facilities "in a manner consistent with the City of Eagle's management and operation of its other water utility facilities within the State of Idaho". H. Pursuant to that certain Development Agreement (Avimor) by and between City and Avimor dated July 26, 2023 and recorded in the real property records of Ada County, Idaho as Instrument No. 2023-044295 on August 2, 2023, City agreed that: "Following dedication of any AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 1 Water System pursuant to this Agreement or the Water Service Agreement, City shall own and maintain the dedicated Water System facilities." I. Avimor has acquired, designed, developed, and constructed a significant portion of the Water Facilities, including: (i) domestic water permits; (ii) two domestic wells; (iii) a booster pump station; (iv) a 500,000 gallon water tank; (v) approximately 48,000 linear feet of 20" HDPE water main; and (vi) all necessary real and personal property improvements to operate items (i)- (v) as a domestic water utility (collectively, the "Water System"). J. The Water System was dedicated by Avimor to the Avimor Community Infrastructure District No. 1, a community infrastructure district duly organized and validly existing pursuant to the laws of the State of Idaho and a political subdivision of the State of Idaho ("District") pursuant to that certain Community Infrastructure Acquisition Agreement dated effective June 24, 2024 by and between Avimor and District (the "District Acquisition Agreement") and that certain Bill of Sale dated May 31, 2024 by and between Avimor and District. K. Pursuant to the District Acquisition Agreement, District accepted the Water System temporarily on behalf of the City. L. City is now ready to accept the Water System from the District, but has requested that Avimor voluntarily agree to pay the Water System Maintenance and Operation Costs (defined in Section 1) in exchange for Service Credits (defined in Section 5) for Avimor and the Avimor HOA all on the terms and conditions set forth in this Agreement. M. City has the authority to enter into this Agreement pursuant to Eagle City Code Section 6-5-4(E) as a special contract given the size and scale of the Avimor Project and the contribution of the Water System by Avimor to the City. N. The Parties desire to enter into this Agreement to detail the scope and duration of the Water System Maintenance and Operation Costs to be voluntarily paid by Avimor and to detail the Service Credits against water service user fees to be granted to Avimor and the Avimor HOA. AGREEMENT 1. Water System Maintenance and Operation Costs. For the purpose of this Agreement, "Water System Maintenance and Operation Costs" collectively means the following costs incurred by the City in connection with City's obligation to operate and maintain the Water System, and no other costs of any kind: (i) electric power utilities; (ii) testing and treatment, and related equipment and chemicals, that is required by local, state, or federal agencies with jurisdiction over the Water System; (iii) public utility insurance; (iv) licensing fees for the Supervisory Control and Data Acquisition (SCADA) system to operate the Water System; and (v) City auditor services to administer this Agreement. 2. Duration of Payment of Costs. Avimor shall pay to the City the Water System Maintenance and Operation Costs, in accordance with the terms and conditions of this Agreement, from the Effective Date (defined in Section 7) until the sooner to occur of the following: (i) the Water System is serving 300 Equivalent Dwelling Units; or (ii) the rate payers served by the Water AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 2 System have collectively paid monthly water service user fees to the City that are equal to or exceed the Water System Maintenance and Operation Costs for six (6) consecutive months. "Equivalent Dwelling Unit" or "EDU" means a unit of measure that standardizes water usage of all land use types (housing, retail, office, etc.) to the level of demand created by a single-family detached housing unit within the City, which is one (1) EDU. For all development on the Property served by the Water System that is not single-family detached housing, the service EDUs will be calculated in accordance with the EDU multiplier table attached as Exhibit B, and incorporated herein. 3. Water System Maintenance and Operation Costs Retainer. Promptly following the Effective Date, Avimor shall deposit $5,000.00 (the "Retainer Fund") with the City Clerk. Avimor acknowledges and understands that the Retainer Fund is not an estimate of the total Water System Maintenance and Operation Costs anticipated to be advanced under this Agreement, nor it is a cap or "not to exceed" number. Rather, the Retainer Fund is to be held to ensure Avimor is able to abide by the terms of this Agreement regarding the timely payment of Invoices (defined in Section 4) in accordance with this Agreement. If Avimor is unable to remain current with all outstanding Invoices in accordance with this Agreement, the City may utilize the monies in the Retainer Fund to apply toward such Invoices. The Retainer Fund shall be refunded to Avimor within thirty (30) days of the date when Water System Maintenance and Operation Costs are no longer required to be advanced by Avimor pursuant to Section 2 and all Invoices have been paid. 4. Water System Maintenance and Operation Costs and Invoices. To facilitate payment of the Water System Maintenance and Operation Costs, the City will provide monthly statements to Avimor (each an "Invoice") detailing the following: a. City Costs. Water System Maintenance and Operation Costs incurred in the prior calendar month along with copies of supporting documentation such as receipts and invoices that provide sufficient detail, in Avimor's discretion, to describe the costs incurred to ensure such costs are in fact Water System Maintenance and Operation Costs. Each invoice shall also include the total amount of Water System Maintenance and Operation Costs paid by Avimor during the Term (defined in Section 7). b. Water System Revenue. Revenue generated in the prior calendar month by the rate payers connected to the Water System generated from payment of the City's then current (i) Base Monthly Fee per EDU; and (ii) Consumption Rate per 100 cubic feet fees only (collectively, "User Revenue"), along with data and records to justify the User Revenue. The City's current Water Fee Schedule as of the Agreement Date is attached hereto and incorporated herein as Exhibit C. It is anticipated that the fees/rates for the Base Monthly Fee per EDU and Consumption Rate per 100 cubic feet will be adjusted during the Term, which amendments will be applicable to rate payers connected to the Water System and shall be automatically reflected in the User Revenue calculations prepared by the City in each Invoice. For the avoidance of doubt, rate payers connected to the Water System shall not pay any fees as described in Section 12 of this Agreement. AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 3 Invoices shall be provided by the City to Avimor on or before the 15th day of each month for Water System Maintenance and Operation Costs incurred in the prior month, and shall provide all of the information set forth above. Uncontested Invoices shall be paid in full within 45 days of receipt. If Avimor contests any portion of an Invoice, Avimor will promptly notify the City Clerk's office pursuant to Eagle City Code § 1-7-4(13)(2)(b), and the Parties will promptly and diligently endeavor to resolve the contested amounts. If the Parties are unable to come to agreement on an Invoice for the Water System Maintenance and Operation Costs, 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 Avimor will continue to pay all uncontested Invoices. While the matter is in mediation, the parties will continue to perform all duties and obligations under this Agreement. If mediation is not successful, the Parties shall have all rights set forth in Section 15 of this Agreement. 5. Water User Credit. Following the Effective Date, Avimor and the Avimor HOA are future rate payers with the City's water utility area that will utilize City water service as provided by the Water System. Avimor and the Avimor HOA are collectively entitled to a credit in the total amount of all Water System Maintenance and Operation Costs actually paid pursuant to this Agreement against: (i) all base monthly fees per EDU; and (ii) consumption rate fees currently being charged by the City to Avimor and the Avimor HOA (collectively, the "Service Credits"). Each Invoice shall include a statement of the total Service Credit applied to the rate payer accounts of Avimor and the Avimor HOA for the prior month along with a statement of the total amount of Service Credits provided to the date of the Invoice. City shall continue to apply Service Credits until the Cost/Credit Balance (defined in Section 6) reaches $0.00. Service Credits cannot be assigned by Avimor or the Avimor HOA and must be unutilized by the Avimor or the Avimor HOA. 6. Cost/Credit Balance. City's Invoices issued in accordance with the Agreement shall include a "Cost/Credit Balance" amount, which is the total amount of Water System Maintenance and Operation Costs paid to date by Avimor less the total amount of Service Credits. The Cost/Credit Balance amount shall not accrue interest. 7. Effective Date and Term. This Agreement shall become effective following: (i) mutual execution by the Parties; and (ii) dedication by the District, and acceptance by the City, of the Water System as required by the Water Service Agreement. The "Term" of this Agreement shall run from the Effective Date through the date in which the City brings the Cost/Credit Balance down to $0.00. Following the expiration of the Term, this Agreement shall automatically terminate and be of no further force or effect except with respect to any terms or conditions herein that expressly survive termination. 8. Retainer Fund Notice. If the Retainer Fund amount falls below a total of $5,000, the City shall provide notice to Avimor that the Retainer Fund needs to be replenished ("Retainer Fund Notice") and following such Retainer Fund Notice, Avimor shall promptly replenish the Retainer Fund to the initial balance. 9. Notices. Any notice under this Agreement shall be in writing and be delivered in person, by electronic mail, by public or independent private courier service (so long as such service AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 4 provides written confirmation of delivery), or certified U.S. mail, return -receipt requested. All notices shall be addressed to the Parties at the addresses contained herein or at such other addresses as the parties may from time to time direct in writing. If to Developer: Avimor Development, LLC Attn: Dan Richter, Managing Member 5963 W. Avimor Dr., Suite 200 Eagle, ID 83714 Email: danr@avimor.com With copy to: Givens Pursley LLP Attn: Jeff Bower 601 W Bannock Boise, ID 83702 Email: jeffbower@givenspursley.com If to City: City of Eagle Attn: City Clerk 660 E. Civic Ave. Eagle, ID 83616 Email: clerks@cityofeagle.org With copy to: Borton-Lakey Attn: Victor Villegas 141 E Carton Ave. Meridian, ID 83642 Email: victor@borton-lakey.com 10. Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original, but all together shall constitute one and the same Agreement. Delivery of an executed counterpart of a signature page to this Agreement via facsimile or electronic mail shall be as effective as delivery of an original signed copy. 11. Agreement to Serve. City shall promptly accept ownership of the Water System and begin operation of the same by providing water service to the Avimor Project in accordance with the Water Service Agreement. The Parties acknowledge and agree that the Water Service Agreement remains valid and is in good standing. Except as expressly provided in this Agreement, nothing in this Agreement is meant to alter, amend, or replace any term, condition, right, or obligation in the Water Service Agreement. 12. No Capitalization Fees. The Parties acknowledge and agree that the Water System was designed, constructed, and paid for entirely by Avimor and that the Water System constitutes a major piece of public infrastructure with regional benefits. As a major piece of regional public infrastructure privately funded by Avimor and dedicated to the City at no cost, no ratepayers or EDUs within the Avimor Project, as approved by that certain Development Agreement (Avimor), which is Ada County, Idaho Instrument No. 2023-044295 for 8,761 residential units and 860,000 square feet of non-residential development, are subject to any water capitalization fee, or similar AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 5 equity buy -in fee, that may be imposed by the City because no equitable means of funding a proportionate share of the Water System is needed. This Section 12 expressly survives beyond the Term of this Agreement or any termination of this Agreement. 13. Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties and their successors and assigns. 14. Integration; Amendment. This Agreement contains the entire agreement between the Parties relating to subject matter herein, and neither Party shall be bound by any verbal statement or agreement made heretofore. This Agreement may only be amended, modified, or changed by a written document properly executed by the Parties. 15. Remedies. If either Party defaults in the performance of this Agreement, the other Party shall have all rights and remedies available at law or equity, including specific performance. In any suit, action or appeal therefrom to enforce or to interpret this Agreement, the prevailing parry shall be entitled to recover its costs incurred therein, including reasonable attorneys' fees and costs. 16. Waiver. Waiver of performance of any provision of this Agreement shall not be a waiver of, nor prejudice, the party's rights otherwise to require performance of the same provision or any other provision. 17. Severability. If any term or provision of this Agreement, to any extent, shall be held invalid or unenforceable, the remaining terms and provisions herein shall not be affected thereby, but each such remaining term and provision shall be valid and enforced to the fullest extent permitted by law. 18. Exhibits. All exhibits hereto are incorporated as if fully set forth herein. 19. Time of The Essence; Business Days And Hours. Time is of the essence in this Agreement. A business day is herein defined as Monday through Friday, 8:00 A.M. to 5:00 P.M. in the local time zone where the Water System is located. A business day shall not include any Saturday or Sunday nor shall a business day include any legal holiday recognized by the State of Idaho as found in Idaho Code § 73-108. The time in which any act required under this Agreement is to be performed shall be computed by excluding the date of execution and including the last day. The first day shall be the day after the date of execution. If the last day is a legal holiday then the time for performance shall be the next subsequent business day. 20. Authority. Each individual executing this Agreement represents and warrants that he or she is duly authorized to execute and to deliver this Agreement on behalf of the party such individual represents and that this Agreement is binding upon said party. [end of text; signature pages follow] AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 6 IN WITNESS WHEREOF, the Parties have executed this Agreement, effective as of the Effective Date. THE CITY: CITY OF EAGLE, IDAHO, a municipal corporation organized and existing under the laws of the State of Idaho By: rad Pike, Ma r ,lEA U' • •• ,' , Attest: .� ��• •tee o R = r • Tracy E. Os b ity Clef '•.n r,itr�� �:�' .�" DATED: I �,Cf /aaoZcj S1I f Council Approval: I I aslaa'a.s Exhibits: Exhibit A — Water Service Agreement Exhibit B — EDU Multiplier Table Exhibit C — City Water Fee Schedule AVIMOR: AVIMOR DEVELOPMENT, LLC, an Idaho limited liability company Dan "chter, Member DATED: 2' I31 25 AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 7 Exhibit A — Water Service Agreement [see following nine (9) page] AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 8 AGREEMENT FOR SERVICE BY AND BETWEEN AVIMOR DEVELOPMENT, LLC SAGE INVESTMENT PARTNERS, LLC AND CITY OF EAGLE 154607283.5 AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 9 AGREEMENT FOR SERVICE This Water Service Agreement (" Agreement") is entered into by and between the City of Eagle, a municipal corporation of the State of Idaho. Sage Investment Partners J J.C, an Idaho limited liability company ("Sage") and Avinror Development, I.i.C:, an Idaho limited liability company (".hvimor";), effective this day of March. 2022 (the -Effective rate"). The City of Eagle, Sage Investment Partners, LLC and Avimor are collectively referred to herein as the "Parties: RECITALS 1NVHERE.IS. the City of Eagle has a municipal water department capable of providing Water utility servICCS W CttStOrllel'S h0th lL`Ithln and bcycmd the boundaries of its city limits, within Eat, c's municipal water service planning; area, and kk'HEREAS, Avinlor and Sage developments are located within Eagle's Comprehensive Plannlm� boundary and Municipal `4'ater Planning :Area: and WI 1I RJ-1.AS, Avimor and Sad^e must supply their respective developments with a potable water system; and Nk HERE.AS, the development of water and expansion of the City's municipal systern into the Avinlor aril Sage developments will provide redundancies and efficiencies for file City of Eagle's existing municipal water system; and WEIE.REAS, Avirnor and Sage will donate and assign to the_ City of Earle Idaho Department of Water Resnarces (,-II)\VR") Permit Nos. 63-32061 and 63-34281 and Application for Permit No- 61-34,901; and WHEREAS, this anticipated timing of the phased build out of the Avinlor and Sage developments will excised the IDWR-authorized development deadline.,-, for Permit Nos. 63- 32061 and 63-34281 and Application for Permit No. 63-34801 resulting in a need 1br asstlr TICO of long -terry options to acquire or assist in the acquisition and development of water necessary her the develol)met>ts. This can be achie,,,,ed by obtaining \hater right authorization for reasonably, .anticipated future needs ("R-Al-IN"'), and and WI IERE.AS, Avimor and Sage cannot ]"ally ripply for or oven water rights for a RAFN., WHEREAS, the City of Eagle can legal IN, acquire RAFN water rights; and dVI IERE AS, the City of Eagle is willing: to provide water service to Avinlor and Sage and in consideration of this service will accept donation and assig,nmem of IDWR Permit Nos. 63- :3206 [ and 63-34281 and Application for Permit No. 63-34801; and 1516072SS 5 AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 10 o'.l IEREAS. Avrrnor and Sage wish to receive water service from the City of F:agle and wilt construct at. their sole expense the necessary infrastructure to effectuate and receive "eater seli--ice as well as any expense, related to the acquisil'ron ofa IZAFN water right; and WHEREAS, the execution of this ,lgreement does not bind the City of Eagle to annex the Avimor and/or Sage developments, and WHEREAS. Avimor and Sake will convey ownership of the water service system in phases to the City of Eagle as it is constructed and approved. ISO«', 1lERFF0RF. in consideration of the recitals and mutual covenants contained herein, which are hereby, incorporated into and made part of this A-recment, the Parties further agree as follows: DEFIiNITIONS ":'Area of Service" shall mean areas located as shown in Exhibit A. 2. "City of Eagle" as used herein shall mean the City of Eagle acting through its properly authorized officers, agents or employees. each acting within the scope of the particular duties entrusted to thorn. "Developer' shall mean Avimor and;or Szwe. 4. "Subdivision" shall mean the legal dividing of a tract of land into two or more tracts. lots or parcels. 5. -Wawr Facilities" shall nlcan wells, water storm-e, stains, water extension lines, pumps, treattttent systems and related infrastructure required to provide water service as described in the Master Water Plan(s) yet to he approved by the City and any applicable regulatory agencies. Ally undefined ternis shall have the definitions proscribed to them in the City Code of Eagle, Idaho, TERMS OF AGREEMENT 6. The City of Eagle agrees to provide municipal water to the area of service as depicted in Exhibit A. Prior to submittal of development plans to the City of Eagle, Sage shall submit a supplemental Master Water Plan detailing the project for review and approval by City of Eagle. ?. Immediately after the execution of this .Agreement, Developer shall diligently proceed to obtain all govenmental approvals including, without limitation, all necessary rights. permits, infor►nation, and consents required by the appropriate federal, state. or local governmental authorities, agencies.. or officials to permit the constnrction, operation and maintenance of the A'ater Facilities on Developer's property. As soon as practicable. after receipt of such 11overnmental approvals, Developer shall diligently proceed to construct the Water Facilities. S. The cost of'obtaining all governmental approvals (including but not limited to any applications. permitting, beneficial use and licensing of water rights for use in the Avitztor and rsa60}ks AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - I I Sage developments), the cost of blaster Water flans and specifications, and the cost ofthe construction of the Water Facilities (or any offsite facilities within the Water (Master I'lan necessary to serve the Developers Property) located on property owned by Developer shal l be horne by Developer at its -!their sole cost and expense. The plans. specifications, and construction of the Water Facilities shall be reviewed. approved and inspected by City ofEagle prior to acceptance. C.'ity of F?agle Iliay at its sole discrction alter the performance from strict adherence to such plans and specifications based on job site experience, or if adherence to such plans and specifications becomes impractical or infeasible under the circumstances. 9. City of Eagle shall he the sole judoe. as to the adequacy of the Water Facilities. However, City of Eagle a,.;rces that alternative specifications may be considered On a case -by -case basis as determined acceptable by the City of Eagle_ City of Eagle "111 work with Developer in good faith to review requests. 10. Developer will be required to develop a well monitoring. plan and will be responsible for the on -going monitoring of the wells through the completion of constructior o±'thc developments. Developer will ensure that source \eater meets Idaho Department of Envirortnwntal Quality requirenients upon dedication of Witter Facilities to the City oC Eagle. 11, Tile Constructed and approved Water Facilities and ID WR Pen-iit Nos. 63-32061 and 63- 34281 and application For permit No, 63-314801 shrill be contributed. transferred, assigned and conveyed to City of Eagle by Developer or their agent, -designee, at no cost to City of l:,agle- through hill(s) of sale. special warranty deed(s), easement(s), assignment(s) of permit, assignments) of application, or other similar type of documcrit. The City of'Eagle will proceed to acquire RAFN water rights as necessary to facilitate delivery of water required to meet the current and reasonably anticipated future nerds of the Avinior and Sage. developments. Developer will pay all costs associated with the acquisition of such R_AFN water rights, mcludinf, attorney and consultant fees. The Parties understand and agree that such RA N water rights must be authorized by IDWR, pursuant to law, and City of Fag,le makes no guarantee or representation regarding the outcome of any administrative or jridieial proceedincs regarding the same. The Parties agree to cooperate to good faith and take any actions reasonably necessary to maximize the arnount of water donatcdiassigned.`acquired and ultiniatcly licensed to City of Eagle_ Developer shall hear all costs for development of water. from application preparation and prosecution through licensing. 1.3. The transfer of the %'ater facilities. or the components thereof, to the City of Nagle are contemplated to be completed in phases as they are constructed and approved by City of Eagle. 1.3. Developer or their designecs shall warrant to City ol'Eagle in writing; that the Water Facilities have been constructed itt accordance with applicable plans and specifications and _,hall provide City Of Eas;le with as -built record drawings of the Water Facilities. Developer also warrants the Water Facilities against defects in construction for a period of one (1) year from the date of completion unless otherwise required in Eagle City Code or negotiated as a term of acceptable alternatives as discussed in paragraph 8 af'this t1greement. 4 154607-188 5 AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 12 14, The City of Eagle shall have tile: right to conduct, review and confirm, to City ofFagle's satisfaction. test results in connection with any and all wells. soil tests, engineering, tests, environmental surveys. plans and specifications and/or record di-awin^s, and related studies of the %k ater Facilities deemed necessary by City of Eagle to determine the suitability_ in City of` Eagle's sole discretion. of the Water facilities. 1;_ In accordance with City Code 6-5-15. a Cooperative Agreement may be entered into on a case. -by -cage basis at the time of construction drawing approval to provide for, among other thines, reimbursement of City of'Eagle contributed costs such as cng,incering and legal expenses, reitnburscrnent of Developer's costs incurred for construction of facilities that beneCa --late- comers," and cost -sharing for special fiacilities. The fact that this Agreement requires CotistrtlCtiotl at Developer's "sole expense" does not necessarily render these expenses non - reimbursable, 16. Upon conveyance of the Water Facilities or portions thereof to City of Eagle, and acceptance thereof by the City. City ofF.agle shall be solely responsible for managenient, maintenance and operation of the Nkiater Facilities, with the exception of any warranties provided herein or in exchange for alternative specifications and standards as allowed in paragraph S of this Agreement. 17. The Parties agree that the Water Facilities shalt he managed, owned and operated by City of Eagle in a manner consistent wvith City of Eagle's manas cment and operation of its other water utility facilities within the State of Idaho. It Developer is using or is shown to need water in excess of amounts authorized by 11)1>v'R to meet the current and reasonably anticipated future needs of the Avintor and Sage developments, the City of Fag.le shall notify Developer that uo future development will be served until additional municipal wviaer is procured. at Developer's cost. 18. f)eveloper shall prepare and record (prior to the sale of any lot/ perpetual restrictive cerwen'I LS wvhich include. wvithoul limittation. that the GVater Facilities are. or shall be owned ,and operated by City of Eaggle. City of Faglc shall cooperate with Deveioper in the preparation of such restrictive covenants and shall have the right to approve such restrictive covenants prior to recordation. Such approval shall not be unreasonably withheld or delayed, I)eve.loper shall C11111se fi notation to be made on any subdivision plat that stales that the Water Facilities are or shall be owned and operated by City of Eagle. 19. The term ol'tl:is agreement shall be for thirty (.30) years from the Effective Date. 15•10,188 s AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 13 CITY OF EAGLE Print Name its u 1 546C^'8S._ AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 14 A T TE r r � I r.1641728145 AVIMOR I)FVGI-OE'19FNT, I.I.0 Bv Print Name Its A ►ti c IN,\ e "\P*— AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 15 SAGF INVESTMENT PARTNERS, f.LC Print Name Its Yv I 5.1ctJ72gS,5 AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 16 Eagle Water Map �. i��+ri. i'=Nr •'i �•� _ .ar r.rae ar as a.. v AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 17 Exhibit B — EDU Multiplier Table 3/ 1.0 1.8 1.5 1 4.0 2 7.1 16.0 4 28.4 AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 18 Exhibit C — City Water Fee Schedule [see following one (1) page] AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 19 City of Eagle Fee Schedule Water Amended with Resolution 24-11, September 24, 2024 Water Department Rates & Fees (eur�t� to ECC -5) EDU Based Fees Base Fee i7' Meter EDU MultiDller Due at Preliminary $1,600.00 per EDU Plat Submittal, per residential lot For meter sizes larger than a 314 Due at Final Plat Submittal, $6,432.00 per EDU inch meter, please use the EDU the remaining balance, per Capitalizat on Fee multiplier below times the associated rate or fee in the residential lot previous column (to the left) to find Non -Platted Residential the appropriate tee. Properties and Non- $8,032.00 per EDU Residential Properties, due at issuance of building permit Meter Fee, 314" $703.00 Meter Fee, 1" $800.00 Meter Fee, 1.5" $1,244.00 Meter Fee, 2" $1,480.00 The fees above shall apply to new Residential and Non -Residential Properties beginning the platting process; and new Non -Platted Residential properties and Non -Platted Nan -Residential properties, after July 9, 2024, The fees below shall continue to apply to those developments who had begun the platting process and paid, at a minimum, the prelimina% plat STL fees, prior to July 9, 2024. Hook UpFeesl $1,147.00 Storage and Trunk Line Fees (STL) $2.100.00 per EDU Water Construction Equivalency Fees (WCE) 5400.00 per EDU Dther Fees Construction Plan Review Fee Base Monthly Fee per EDU Consumption Rate per 100 cubic feet Water Safety Fee (DEC) pass-thru fee) Service Application Fee Service Deposits Monthly Backflow Fee Delinquent Fee Reconneclion fees for collections After hours reconnection fee After hours connection fee Returned check fee Unoccupied dwelling rate Bulk rate ( IE, dust abatement) Der 100 cf Late penalties for bulk users Hydrant Meter Usage Deposit Hvprant Key Deposit Additional trip charges $125.00 525.82 S 1.62 $0.34 $15.00 $100.00 50.50 $15.00 525.00 580.00 $50.00 S20.00 Base Rate + System Enhancement Fee $192.00 51.92 $200.00 $10.00 $50.00 EDU Multiplier Meters Fees greater than 2" shall be calculated on an 1" meter = 1.78 individual basis 1.5 " meter = 4.0 2" meter = 7.11 3" meter = 16.0 4" meter = 28.44 6" meter = 64.20 No charge for first two reviews. Subsequent reviews - $125.00 each. Refer to the EDU Multiplier above Footnotes: 1. EDU = Equivalent Dwelling Units 2. Example of EDU Calculation: 1" meter = 51115.00 X 1.78 = $1.984.70; 1" base monthly fee = $25.17 X 1.78 = $44.80 3. A complete calculation of the EDU items can be found on the City of Eagle's Water Department website, www.cityofeagle.orglwaler AGREEMENT FOR CREDIT FOR VOLUNTARY MAINTENANCE PAYMENTS - 20