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South View Estates Funding Contract with Saline County 08-18-2021FUNDING CONTRACT RELATING TO THE Gilmore & Bell, P.C. 10/08/2021 SOUTH VIEW ESTATES RURAL HOUSING INCENTIVE DISTRICT THIS FUNDING CONTRACT ("Contract") dated as of August 18, 2021 (the "Effective Date"), is made and entered into by and between the City of Salina, Kansas, a municipal corporation duly organized under the laws of the State of Kansas (the "City") and Saline County, Kansas, a political subdivision duly organized under the laws of the State of Kansas (the "County"). The City and County are each a "Party" and together constitute the "Parties" hereto. RECITALS A. The City and the County each constitute a "municipality" as defined in KS.A. 12-2908, as amended (the "Act") and are authorized to enter into contracts to perform any governmental service, activity or undertaking which each contracting municipality is authorized by law to perform. B. The City has formed the South View Estates Rural Housing Incentive District (the "District") pursuant to KS.A. 12-5241 et seq., as amended (the "RHID Act"). C. The County is also authorized to form rural housing incentive districts pursuant to the RHlD Act. D. Subject to the terms and provisions of the RH1D Act, tax increment generated by property within a rural housing incentive district may be utilized to pay or reimburse the costs of certain eligible expenses ("Eligible Costs"). E. Tax increment generated within the District and paid from the Saline County Treasurer to the Treasurer of the City pursuant to KS.A. 12-5250(b)(2)(A) ("RHID Funds") will be utilized to pay or reimburse Eligible Costs pursuant to the terms of a certain Development Agreement (the "Development Agreement") between the City and South View Estates, LLC, a Kansas limited liability company (the "Developer"), and the terms of this Contract. F. The City and the County desire to enter into this Contract to provide for the pro-rata reimbursement of eligible County expenses from RHlD Funds. NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the sufficiency of which consideration is hereby acknowledged by each of the parties, the City and the County, with the due authorization and approval of their respective governing bodies, hereby agree as follows: Section 1. Term of Contract. The term of this Contract shall commence as of the Effective Date and, unless terminated earlier as provided in this Contract, expire on the earlier of: (i) the date all County Eligible Costs (as defined herein) have been reimbursed with RH1D Funds, subject to the requirements and limitations of this Contract and the Development Agreement; or (ii) 25 years after the date of the City Ordinance creating the District. 600596.20000\CITY COUNTY FUNDING CONTRACT V.2 Section 2. Financing of Internal Infrastructure Improvements. (a) Allocation of R.HID Funds. (1) The City, in its sole discretion and at any time, from any source, may elect to fund a portion of the Eligible Costs of the electric, gas, water, sewer, storm sewer, and street improvements necessary for South View Estates Development and located within the boundaries of the District, including engineering costs, any costs of right-of-way and appurtenances related thereto, as set forth on the approved plat for South View Estates Development (the "Internal Infrastructure Improvements") from available funds of the City. The City will be entitled to reimbursement of all Eligible Costs so paid by the City on a pro-rata basis from each distribution ofRHID Funds. (2) The County, in its sole discretion and at any time, from any source, may elect to fund a portion of the Eligible Costs of the Internal Infrastructure Improvements from available funds of the County. The County will be entitled to reimbursement of all Eligible Costs so paid by the County (the "County RHID Expenses") regardless of where said funding originates on a pro- rata basis from each distribution of RHID Funds in accordance with the terms of this Contract. (3) Unless funded by the City or the County as described in Section 2(a)(l) or (2) hereof, all costs of the Internal Infrastructure Improvements will be paid in cash, or financed, by Developer. The City will use RHID Funds to reimburse the Developer on a pro-rata basis from each distribution of RHID Funds for all or a portion of the Eligible Costs paid by the Developer, subject to the terms of the Development Agreement. (4) For clarity, and by way of example only, pro-rata distributions of RHID Funds between the City, the County, and the Developer will be calculated using the following methodology: City County Developer Total Eligible Costs Paid $ 500,000 1,000,000 6,500,000 $8,000,000 Allocated pro-rata portion o(RHID Funds 6.25% 12.50% 81.25% 100.00% The allocation of RHID Funds will be recalculated when necessitated by a change in submitted Eligible Costs by a party or a reduction in allowable Developer eligible expenses pursuant to the Development Agreement. Recalculations of the RHID Funds allocation will apply on a prospective basis only. (b) Preliminary Request for Reimbursement. Prior to the expenditure of any County funds, the County will submit to the City a preliminary unsigned draft Request for Reimbursement ("Preliminary Request") in the form attached hereto as Exhibit A setting forth the amount for which reimbursement is sought and an itemized listing of the related Internal Infrastructure Improvements. Each Preliminary Request will be accompanied by such bills, contracts, invoices, or other evidence reasonably satisfactory to the City to document that such expenditures will be for Eligible Costs. ( c) City Approval of Preliminary Request for Reimbursement. The City will have 3 0 calendar days after receipt of any Preliminary Request to review and respond by written notice to the County. If the submitted documentation demonstrates that the Preliminary Request includes only Eligible Costs, then the 600596.20000\CITY COUNTY FUNDING CONTRACT V.2 2 City will approve the Preliminary Request. In the event the City does not respond within such 30-day period, the Request for Reimbursement will be deemed approved. (d) County Certification of Payment and Request for Reimbursement. After the County receives City approval of a Preliminary Request, the County will deliver to the City an executed copy of the Preliminary Request along with documentation that payment has been made by the County for such Eligible Costs (together a "Request for Reimbursement") and the City will promptly reimburse the County for the County RHID Expenses pursuant to the terms of this Contract if sufficient pro-rata RHID Funds are available, and quarterly as funds become available in the event that pro-rata RHID Funds in the City's possession are at that time insufficient. Reimbursements will cease upon the earlier of (a) such time as the County RHID Expenses have been fully reimbursed to the County, or (b) 25 years after the date of the establishment of the District. The City will have no liability and/or responsibility to the County for any payment greater than the pro-rata amounts received from the Saline County Treasurer pursuant to the provisions ofK.S.A. 12-5250(b)(2)(A) as a result of the creation of the District. · Section 3. Purpose of Agreement. The purpose of this Agreement is to provide the County with the opportunity to participate in the initial funding of the Internal Infrastructure Improvements and to allow for reimbursement through tax increment created in the District pursuant to the RHID Act. Section 4. County's Right to Terminate. The County may elect to terminate this Contract at any time by written notice to the City. All obligations of the City to reimburse the County for County RHID Expenses will terminate upon receipt of the notice. Section 5. Construction and Enforcement. This Contract shall be construed and enforced in accordance with the laws of the State. Wherever in this Contract it is provided that either Party shall or will make any payment or perform or refrain from performing any act or obligation, each such provision shall, even though not so expressed, be construed as an express covenant to make such payment or to perform, or not to perform, as the case may be, such act or obligation. Section 6. Consents and Approvals; Notices. Whenever in this Contract it is provided that either Party must consent or give its approval for any action, or to refrain from any actions, such Party shall not unreasonably withhold such consent or approval. Any notice required or permitted to be given pursuant to this Contract shall be in writing and shall be hand delivered, sent by United States mail, postage prepaid, or electronic means to the Parties at the following addresses or to such other address as a Party may hereafter specify in writing: To the City: City of Salina, Kansas Attention: City Manager 300 W. Ash Street Salina, Kansas 67402 Email: mike.schrage@salina.org Phone: (785) 309-5700 600596.20000\CITY COUNTY FUNDING CONTRACT V.2 3 With a copy to: Clark, Mize & Linville, Chtd. Attn: Greg A. Bengtson, Esq. 129 S. gth Street Salina, Kansas 67402 Email: gabengtson@cml-l aw.com Phone:(785)823-6325 L To the County: Saline County, Kansas Attention: County Administrator 300 W. Ash Street, Room 217 Salina, Kansas 67402 Email: phillip.smith-hanes@saline.org Phone: (785) 309-5810 With a copy to: Michael A. Montoya, P.A. Attn: Michael A. Montoya 256 S. Santa Fe Ave. Salina, Kansas 67401 Email: admin@montoyalaw.kscoxmail.com Phone: (785) 827-5505 Section 7. Invalidity of Provisions of Contract. If, for any reason, any provision hereof shall be determined to be invalid or unenforceable, the validity and effect of the other provisions hereof shall not be affected thereby. Section 8. Covenants Binding on Successors and Assigns. The covenants, agreements and conditions herein contained shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Section 9. Section Headings. The section headings are for the convenience of reference only and shall not be treated as a part of this Contract or as affecting the true meaning of the provisions hereof. Section 10. Execution of Counterparts. This Contract may be executed simultaneously in multiple counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. Section 11. Electronic Transactions. The transactions described in this Contract may be conducted, and documents related to the Contract may be sent, received, executed, and stored, by electronic means or transmissions. Copies, telecopies, electronic files and other reproductions of original executed documents (or documents executed by electronic means or transmissions) shall be deemed to be authentic and valid counterparts of such documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law. Section 12. Amendments. This Contract may be amended, changed or modified only by an agreement in writing executed by both Parties. [BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK] 600596.20000\CITY COUNTY FUNDING CONTRACT V.2 4 .. IN WITNESS WHEREOF, the City and the County have duly executed this Contract pursuant to all requisite authorizations as of the date first above written. CITY OF SALINA, KANSAS By:._~~k'Yl_V/.'--''l'/.::..;_JW?.;::_;,. ~"1_l~_k-'-r-_,_ __ _ Mayo-;l..J APPROVED AS TO FORM: 600596.20000\CJTY COUNTY FUNDING CONTRACT (City Signature page to Funding Contract) SALINE COUNTY, KANSAS ATTEST: g ~l!ws APPROVED AS TO FORM: County Counselor 600596.20000\CITY COUNTY FUNDING CONTRACT (County Signature page to Funding Contract) EXHIBIT A REQUEST FOR REIMBURSEMENT City of Salina, Kansas Attention: City Manager You are hereby requested by the undersigned, an authorized representative of Saline County, Kansas (the "County") to disburse funds held by the City in the special revenue fund created pursuant the authority in K.S.A. 12-5250(b)(2)(A) forthe South View Estates Development project (the "Fund") and set forth in the Funding Contract between the City of Salina, Kansas and the County for the South View Estates Rural Housing Incentive District dated August 30, 2021 (the "Contract") to reimburse expenditures made by the County for Eligible Costs (as defined in the Contract) as described on and in the amounts set forth in the Schedules attached to this invoice and incorporated herein by this reference (the "Schedules"). I hereby certify that the amounts requested in the attached Schedules have been paid by the County in payment of costs that are Eligible Costs, as defined in the Contract. I further certify that no part of the amounts set forth in the Schedules have been the basis for any previous withdrawal of any moneys from the Fund. Attached to the Schedules is a description of the nature of the item billed, a reference to which type of Eligible Cost the expense applies to under the Rural Housing Incentive Act and the Contract, and a copy of the contract, invoice or other billing for the Eligible Costs for which the County seeks reimbursement, along with copies of checks, evidence of wire transfers or other evidence of payment by the County of such Eligible Costs and hereby certify that such copies are true and accurate copies of the original documents. The County acknowledges that any reimbursements will be made in accordance with the Contract. Dated: ________ __, 20 SALINE COUNTY, KANSAS By: County Administrator Accepted and Approved: City Manager 600596.20000\CITY COUNTY FUNDING CONTRACT A-1 ~ 1. 2. 3. 4. 5. I I 6. Invoice Reimbursement Schedule Pursuant to Section 2 of the Contract, I hereby request reimbursement of the amounts specified below and I certify that the description of the purchase or nature of each payment is reasonable, accurate and complete and that County has previously paid such Eligible Costs: Pa ee Name Date of Pa ment Pur ose or Nature of Pa)'ment Amount I I I . -- I ----- Total Expenses $ ________ _ County Signature Note: Copies of bills, contracts, checks and other evidence reflecting the amounts shown above (as described in Section 2 of the Contract) should be attached to this Schedule. 600596.20000\CITY COUNTY FUNDING CONTRACT - - --- ---- - - A-2 T --$ --~-$ --+--- $ I $ I I --_$l --$ I ---· -