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Polygon @ Bull Mountain Homeowners Association ~ AG180002 ~ Street Light Cost Reimbursement STREET LIGHT COST REIMBURSEMENT AGREEMENT THIS STREET LIGHT COST REIMBURSEMENT AGREEMENT(this "Agreement")is made and entered into on C7 ►,�°I} ,2017 by and between Polygon at Bull Mountain Homeowners Association, an Oregon nonprofit association (the "Association"), and the City of Tigard, an Oregon municipal corporation (the"CCS"). Recitals A. The Association is a homeowners association which is responsible for the management, administration, maintenance, protection and preservation of Polygon at Bull Mountain, a planned community located in the City and which currently includes Lots 1 through 82, inclusive, and certain common area tracts, as depicted and described on the Plat of Polygon at Bull Mountain recorded in the official records of Washington County,Oregon on February 23, 2016 as Document No.2016-013947. B. The City has jurisdiction over and is responsible for the street lights located on the public streets traversing through and adjoining the Polygon at Bull Mountain planned community. The City contracts with Portland General Electric Company("PGE")forthe operation and maintenance of the street lights under the City's jurisdiction and pays PGE a monthly fee for each street light. The amount of the monthly fee varies depending on the type of street light. C. The City allowed for the installation of upgraded decorative street lights on the public streets traversing through and adjoining the Polygon at Bull Mountain planned community on the condition that the Association reimburse the City for the cost difference between the upgraded decorative street lights and the City's standard street lights. D. The Association is willing to reimburse the City for the cost difference on the terms and conditions set forth in this Agreement since the upgraded decorative street lights improve the aesthetic appearance and visibility of the City's public streets primarily for the benefit and enjoyment of the homeowners within the Polygon at Bull Mountain planned community, which homeowners are the members of the Association. Agreement NOW,THEREFORE, in consideration of the foregoing and the mutual covenants and promises set forth herein, and other good and valuable consideration,the receipt and adequacy of which are hereby acknowledged,the Association and the City hereby agree as follows: 1. Recitals. The foregoing recitals are true and correct and are hereby incorporated herein as a material part of this Agreement. 2. Definitions. The following terms shall have the meanings set forth below when used in this Agreement: 2.1 "Agreement" means this Agreement as the same may be amended from time to time in accordance with its terms. 2.2 "Association" means Polygon at Bull Mountain Homeowners Association, an Oregon nonprofit association. 2.3 "Base Fee" means the monthly fee paid by the City to PGE for each Standard Street Light pursuant to the PGE Tariff/Rate Schedule,which as of the date of this Agreement is$13.68. 2.4 "CCS" means the City of Tigard,an Oregon municipal corporation. 2.5 "Decorative Street Light" means a 70-Watt Acorn LED (24 kWh) street light on a 16-foot fluted aluminum pole. 2.6 "PBM Street Lights" has the meaning set forth in Section 3 below. 2.7 "PGE" means Portland General Electric Company, an Oregon corporation,or any successor utility company with which the City contracts for the operation and maintenance of street lights under the jurisdiction of the City. 2.8 VGE_TarifRate Schedule" means the PGE tariff/rate schedule for street and highway lighting as in effect and approved by the Oregon Public Utility Commission from time to time. 2.9 "Standard Street Light" means a 67-Watt Shoebox LED (23 kWh) street light on 30-foot smooth fiberglass pole. 3. General Description and Location of Street Lights. This Agreement pertains to forty-four (44) Decorative Street Lights situated on the public streets traversing through or adjoining the Polygon at Bull Mountain planned community, the general location of which are shown on the attached Exhibit A (the"PBM Street Uphts"). The PBM Street Lights are an upgrade from the City's Standard Street Lights. 4. Reimbursement Obligation. In consideration of the City approving the installation of the Decorative Street Lights instead of the Standard Street Lights,the Association shall reimburse the City,on a monthly basis,for any fee incurred and paid by the City to PGE pursuant to the PGE Tariff/Rate Schedule for the PBM Street Lights in excess of the Base Fee(the"Reimbursement Fee"). The amount of the initial monthly Reimbursement Fee is$513.92($11.68 for each PBM Street Light,44 PBM Street Lights in total). The City shall promptly notify the Association of any rate changes in the PGE Tariff/Rate Schedule and adjust the Reimbursement Fee accordingly. The City shall invoice the Association for the Reimbursement Fee on a monthly basis in arrears. The Reimbursement Fee shall be due and payable within thirty (30) days of the date of the invoice. 5. Remedies. If the Association fails to pay the Reimbursement Fee when due, then, in addition to all other available remedies at law or in equity,the delinquent Reimbursement Fee shall bear interest at a rate of twelve percent(12%) per annum until paid in full. If the Association has not paid the Reimbursement Fee within twenty-five (25) days following the payment due date, as an additional remedy,the City may suspend the provision of City water service to any customer water accounts in the name of the Association. Prior to the suspension of water service, the City will provide the Association with five (5) days' notice of its intent to suspend water service. If the Association has not paid the Reimbursement Fee at the conclusion of the five(5)-day notice period,the City may suspend water service 007 t669�1; , 2 to the Association for so long as the Association remains delinquent in the payment of the Reimbursement Fee. 6. Term. This Agreement shall remain in effect for so long as the City retains jurisdiction over the PBM Street Lights. 7. Notices. All notices, invoices, correspondence or other communications required or provided to be sent by any party to this Agreement shall be in writing with all applicable postage or delivery charges prepaid and shall be sent by: (a) U.S.first-class mail; (b)overnight delivery service;or(c) courier service or hand delivery. All notices shall be deemed to have been given on the earlier of actual delivery or refusal of a party to accept delivery thereof(including a party ignoring attempted delivery). All notices shall be addressed to the party at the address below: If to the Association: Polygon at Bull Mountain Homeowners Association c/o Pinnacle(Attn:Michael Del Gaiso) 1200 NW Naito Parkway,Suite 650 Portland, OR 97209 If to the City: City of Ti gand Attn: 13125 SW Hall Boulevard Tigard,OR 97223 Any address or name specified above may be changed by notice given to the above addressees by the party making the change in accordance with this Section 7. The inability to deliver any notice because of a changed address of which no notice was given, or rejection or other refusal to accept any notice,shall be deemed to be the receipt of the notice as of the date of such inability to deliver or rejection or refusal to accept. Any notice to be given by any party hereto may be given by the counsel for such party. 8. Entire Agreement; Amendments. This Agreement constitutes the entire agreement and understanding between the Association and the City with respect to the subject matter hereof and supersedes all prior understandings, representations or agreements of any kind relating to the subject matter hereof. This Agreement may not be amended, modified, revoked or terminated except by a written instrument executed by the Association and the City. 9. Severability. If any provision of this Agreement or the application thereof to any person or circumstance shall to any extent be held invalid, then the remainder of this Agreement or the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby, and each provision of this Agreement shall be valid and enforced to the fullest extent permitted by law. 10. Attorneys' Fees. If a suit, action, arbitration, or other proceeding of any nature whatsoever, including without limitation, any proceeding under the U.S. Bankruptcy Code, is instituted, or the services of an attorney are retained,to interpret or enforce any provision of this Agreement or with respect to any dispute relating to this Agreement,the prevailing or non-defaulting party shall be entitled to recover from the losing or defaulting party its attorneys',paralegals', accountants',and other experts' {00716693;11 3 fees and all other fees,costs,and expenses actually incurred in connection therewith(the"Fees"), In the event of a suit, action, arbitration, or other proceeding, the amount of Fees shall be determined by the judge or arbitrator, shall include all costs and expenses incurred on any appeal or review,and shall be in addition to all other amounts provided by law. 11. Governing Law;Venue. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Oregon. Venue shall be in the Circuit Court of Washington County,Oregon. 12. Counterparts; Signatures. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which shall constitute one and the same instrument. Electronic signatures or delivery of copies of manual signatures by facsimile or email shall be sufficient to bind the parties hereto. (Remainder of Page Intentionally Left Blank; Signature Page Follows) r 4 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above. ASSOCIATION: POLYGON AT BULL MOUNTAIN HOMEOWNERS ASSOCIATION,an Oregon nonprofit corporation By: — Sandy Ko President CITY: CITY OF TIGARD, an Oregon municipal corporation By: _ Name: Title: (00716693;1) 5 I _ I � l M o t,' 44 43 42 41 40 39 38 4S 37 36 35 N I Q ' 63 64 65 66 67 68 69 70 71 72 73 32 33 34 46 62 81 80 79178 74 31 f' , 47- __ 82 _. 76 75 30 ,f 61 z 48 29 49i --— 77 I � 1 F' 28 50 � 59 58 57 > - 27 f, q 8 � 7 6 , 2S mc 51 52 53 ' 54 55 56 I 24 19 10 5 20 + I 18 11 4 21 1 17 12 3Lo I 1-1 �k - l+,t 22 i.}X 16 13�� 2 li '� 23 � � 15 14 E Lo a N 3 LEGEND: 2 Q SCALE . STREETLIGHT O 1go (TOTAL OF 44 LIGHTS) C Q? ?.INCH=200 FEET Q EXHIBIT A POLYGON AT BULL MOUNTAIN z STREETLIGHTS l