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Magnolia Hills Inc. - Agreement for Dedication of Storm Water Detention Pond (Magnolia Hills Estates No 2)Community & Development Services Room 201 City -County Building 300 West Ash, P.O. Box 736 Salina, Kansas 67402-0736 Salim November 12, 2020 Telephone 785-309-5715 Fax 785-309-5713 TDD 785-309-5747 E-mail buildina.servicesO.salina.orq Website www.salina-ks.aov Please find attached Agreement for Dedication of Storm Water Detention Pond that was received on November 12, 2020 with a check for $46,137.49. This is expected to go before the City Commission on November 23, 2020. A fully executed agreement will be provided after that date. AGREEMENT FOR DEDICATION OF STORM WATER DETENTION POND This Agreement is entered into this tlt:� day of November 2020, by and between Magnolia Hills, Incorporated, (the "Developer") and the CITY OF SALINA, KANSAS (the "City"). Recitals A. By Resolution 934584 adopted April 26, 1993 the City adopted a policy for public acceptance of maintenance responsibility for storm water runoff control as an alternative to private maintenance of storm water detention ponds (the "Policy"). B. The Developer, in conjunction with the development of the Magnolia Hills Estates Addition No. 2, desires to make the requisite lump sum payment to the City and dedicate certain property within the subdivision to the City for maintenance as storm water detention ponds. C. Pursuant t he Policy, the City has calculated a lump sum payment in the amount of 7. 9 to be paid to the City by the Developer by determining the present value of the estimated cost of maintaining the storm water detention pond in public ownership, including such factors as size and shape of the pond, type of pump, personnel and equipment charges and other applicable cost items (the "Maintenance Fee"). THE PARTIES therefore agree.- 1. gree: 1. Election to dedicate. The Developer elects to dedicate the following described real estate (the "Detention Pond") by Deed of Dedication in the form attached as Exhibit A: for maintenance by the City as a storm water detention pond. The Developer agrees to deliver the Deed of Dedication by the agreed upon Closing Date. 2. Closinq Date. Upon final inspection and approval by the City of the completed construction of the Detention Ponds, the City and the Developer shall agree upon an appropriate Closing Date. 3. Maintenance fee. Simultaneous with the delivery of the Deed of Dedication, the Developer shall pay to the City the Maintenance Fee by cashiers check or other certified funds. 4. ms's responsibillty. Upon acceptance of the Deed of Dedication and payment of the Maintenance Fee, the City agrees to maintain in perpetuity the Detention Ponds and related equipment in a manner consistent with the City's maintenance of other non -parts open spaces. 5. Bindina effect. This Agreement shall be binding upon and inure to the benefit of the parties, their heirs, personal representatives, successors and assigns. EXECUTED the day and year first above written. MAGNOLIA HILLS, INCORPORATED, a Kansas corporation. JamNs D. Markle, Treasurer ATTEST: Shand! Wicks, City Clerk j Stanley C. quisf, Vice P ident CITY OF SALINA, KANSAS Michael L. Hoppock, Mayor STATE OF KANSAS, COUNTY OF SALINE ss: On this (14"' day of November 2020 before me, the undersigned, a notary public in and for the county and state aforesaid, came Kelly R. Dunn, President, Stanley C. Byquist, Vice President and James D. Markle, Treasurer of Magnolia Hills, Incorporated, a corporation duly incorporated and existing under and by virtue of the laws of the State of Kansas, who are personally known to me to be the same persons who executed the above and foregoing instrument of writing and duly acknowledged the execution of the same. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal the day and year last above written. DEREK DUNK Notary Pubge - State of Kansas MY AAPt• Expires$- o - a Notary Public STATE OF KANSAS, COUNTY SALINE, SS: On this day of November 220, before me a Notary Public in and for said state, personally appeared Michael L. Hoppock, Mayor, and Shandi Wicks, City Clerk, for the City of Salina, Kansas, known to me to be the persons who executed the easement document on behalf of the City of Salina, and acknowledged to me that they executed the same for the purposes therein stated. Notary Public City 0i Salina Received from: MAGNOLIA HILLS CUSTOMER COPY City of Salina PO Sox 736 Salina, KS 67402-0736 (785) 309-5735 Fax: (785) 309-5738 MlsoWlswouv R6cjlpt Re Number Vceipt 33103 ! 1 /it 2/20 r2ftco!�+I - • .. _ 10(:01 4905 000 1000 PAID BY- MAGNOLIA HILLS PAYMENT METH: CHECK 1011 AMT TENDERED' AMT APPLIED: CHANGE EWE, 14:.44 CLEW.McdaniaR #L5,197,49 $46,13749 $46,1337.49 $46,137.49 :0,00