Returned at Counter After Recording Return to: 2026'003144 City Recorder Klamath County, Oregon 500 Klamath Avenue 549682026000314400200 04/10/2026 09:09:06 AM Fee: $92.00 LOCAL IMPROVEMENT CONTRACT City of Klamath Falls, Oregon This Agreement is entered into this m day of April 2026, by and between the City of Klamath Falls (City) and Fellowship Fencing, LLC (Owner). WHEREAS, Owner is the legal owner of the following described real property (Property) Map and Tax Lot Number: 3809-029CA-11200 . Legal: Fairview Subdivision #2 Block 14 Lot 11 Property Address: 1433 Lakeview Avenue WHEREAS, Owner desires to develop the Property listed above to construct a fourplex residence which abuts the Lakeview Avenue right-of-way (ROW) that does not meet City frontage improvement standards; WHEREAS, development of the Property will contribute to the need for and benefit from the construction of ROW frontage improvements meeting City standards which may include but not be limited to curbs, gutters, sidewalks, planter strips, and storm drains; WHEREAS, a condition of Owner’s land use approval from City for the development of the Property through issuance of 17-Residential Review-26 (17-RR-26) is Owner’s agreement to waive the right to remonstrate against the formation of a Local Improvement District (LID) for the future construction of ROW frontage improvements meeting City standards; and NOW THEREFORE, in consideration of the foregoing recitals and the conditions and obligations set forth herein: THE PARTIES HERETO AGREE AS FOLLOWS: 1. City agrees not to require Owner to improve the Lakeview Avenue ROW abutting the Property to City standards at this time. In the event and at such time as the City initiates the formation of a LID, Owner hereby waives any and all right to remonstrate against the formation of a LID by the City for the purpose of funding and constructing ROW frontage improvements meeting City standards adjacent to the Property legally described as Fairview Subdivision #2 Blk-14 Lot-11 and assessing the proportionate cost to the benefited Property. The phrase "right to remonstrate against the formation of an LID" refers solely to a property owner's right under the City Charter Section 38 to be counted as part of an extraordinary majority of property owners that can, in certain circumstances, suspend proceedings on formation of an LID for six months. The waiver of this right does not limit or otherwise restrict the ability of a property owner bound by this covenant to appear at any of the required public hearings and testify regarding formation of the LID, whether the boundaries Local Improvement Contract Page 1 of 2 include all benefited property, the equity of the assessment formula, the scope and nature of the project or of the final assessment, or any other issue regarding the LID. 2. City agrees that a LID assessment levied against Owner’s Property shall not exceed the benefit conferred upon the Property. 3. In the event that a suit or action is instituted to enforce the terms of this covenant, the prevailing party shall be entitled to recover reasonable attorney’s fees and all other fees, costs and expenses incurred in connection with the suit or action, including any appeals, in addition to all other amounts allowed by law. 4. This Agreement shall run with the property and shall be binding upon and inure to Owner and Owner’s successors in interest to the Property. 4-9-2lo Jonathan Teichert, City Manager Date 472 Andrew Schubert Date Owner, Fellowship Fencing LLC STATE OF OREGON ) County of Klamath ) ss. This instrument was acknowledged before NOYARY for the State of Oregon me this m day of Aprll 2026 and signed b || C " 4 S . a A Y i ~ P Nlawrr » '/?/ Jee——— ?g #re of Notary Commission Expires: Ol /’H } 2030 STATE OF OREGON ) County of Klamath ) ss. This instrument was acknowledged before NOTARY for the State of Oregon me this (J9 day of April 2026 and signed by Andrew Schubert as owner of Fellowship Fenci I IC ( Prnnertv Owner) — T Of FICIAL STAMP JULIANA GIRALDO PULIDO re of Notary NOTARY PUBLIC — OREGON ! COMMISSION NO. 1065032 Commission Expires: Ol l 11 l2030 MY COMMRSSION EXPIRES JANUARY 18, 2030 Local Improvement Contract Page 2 of 2