HomeMy WebLinkAbout16- Memorandum of Agreement - HD Development of Maryland, Inc. - Baxter Lane Roadway Improvements, Parcel 13-1 PROJECT NAME:BAXTER LANE
CITY OF BOZEMAN ROADWAY IMPROVEMENTS
Engineering Division
5� 9 9
Public Works Department PROD ECT M 4524.11402.01
�, a .,• PARCEL M 13-1
MEMORANDUM OF AGREEMENT
MEMORANDUM OF AGREEMENT
AGREEMENT has been reached this d qilk day of (DJube✓ 20_�L between HD
DEVELOPMENT OF MARYLAND INC., a Maryland corporatie-n, the owner(s) of Lot 1, final plat of
Home Depot Minor Subdivision No. 319, according to the plat thereof, recorded April 11, 2003, official
records, Gallatin Couniy Montana, and being located in the East half of Section 2, Township 2 South,
Range 5 East, P.M.M., Gallatin County Montana, hereinafter "seller(s)n and the CITY OF BOZEMAN
hereinafter "Purchaser" for the purchase of said property interest(s). The amount to be paid and other
considerations to be given in full satisfaction of this Agreement are as follows:
Public Use Easement(Parcel 13-1): $ 6,319
Easement area: 1,036* (sqft)
Cost to Cure: $ 3,700
Total (rounded) $ 10,060
*See Figure 1 attached
Other Conditions:
1. Taxes and Special Assessments, if any, delinquent from,former years, and Taxes and Special
Assessments for the current year, if due and/or payable, shall be paid by the seller or sellers.
2. This Memorandum embodies the whole Agreement between the parties hereto as it pertains to
the real estate, and there are no promises, terms, conditions or obligations referring to the subject
_ matter hereof, other than as contained herein.
3. The seller(s) hereby agree(s) that the compensation herein provided to be paid includes full
compensation for their interest and the interests of their life tenants, remaindermen, reversioners,
liens and lessees, and any and all other legal and equitable interest that are or may be
outstanding_and said seller s agree(s)to discharge the same.
4. THIS AGREEMENT shall be deemed a CONTRACT extending to and binding upon the parties
hereto and upon the respective heirs, devisees, executors, administrators, legal representative,
successors and assigns of the parties, only when the same shall have been approved by the City
Manager on behalf of the Department of Parks and Recreation.
5. The property transfer shall be effective upon acceptance by Purchaser, evidenced by the execution
of this Agreement by the CITY OF BOZEMAN and payment of the purchase price.
Of the total amount of compensation hereinabove agreed upon, the sum of $10.050 shall be paid upon
execution and delivery of a good and sufficient: ® Public Usc Easement, ❑ Temporary Construction
Easement, and the balance of the compensation, amounting to $ 0.00 shall be paid upon compliance by
the seller(s)with the terms hereof.
CITY OF BOZEMAN PROJECT NAME:BAXTER LANE ROADWAY IMPROVEMENTS Parcel 13-1
PROJECT*4524.11402.01 Page 1 of 3
Disbursement of funds will be made in the following manner:
Seller(s) Amount of Payment
Hd Development Of Maryland Inc. $10,050
The terms of this Agreement are understood and assented to by us and payment is to-be made in
accordance with the above.
HD DEVELOPMENT OF MARYLAND INC.
Date:
NamV Suzanne Russo
Title: Senior Corporate Counsel
Date:
Name:
Title:
CITY OF BOZEMAN
CLU l -�? Date: q- 17
By: Chris Kukulski
City Manager
ATTEST:
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By: Robin Crough
City Clerk -z-h •
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CITY OF BOZEMAN PROJECT NAME:BAXTER LANE ROADWAY IMPROVEMENTS Parcel 13-1
PROJECT#:4524.11402.01 Page 2 of 3
IJ
EXISTING ROAD
RIGHT OF-WAY
/(DOC 2016879AND
MINOR SUB.319)
/BAXT R LANE PARCEL 13-1 PUE
EXISTING �/ NEW PUBLIC USE /
CULVERT AND EAS�EjME/NT T /i
DRAINAGE AREAS
EXISTING A
DRAINAGE
POND
r-
\ ��A �� SEWER AND
i� WATER
EASEMENT
_ ;l (DOC.2073229)
I
EXISTING .'
PROPERTYEXISTING
LINE " TELEPHONE
EASEMENT
(MINOR SUB.
EXISTING SEWER ` 3
AND DRAIN PIPE
EASEMENT \ `,
(BOOK 106, PG.412) \ /
\ \
WATERWAY AND
PEDESTRIAN TRAIL \
EASEMENT
(MINOR SUB.319)
Current Owner: \\
HD Development of Maryland Inc. \
\\1771 N. 19th Avenue \\ \
�,P \ Bozeman,MT 59718 \\
RAN
LEGEND
�/////� E%ISTING EISEMFM
NEW EASEMEM
CITY OF BOZEMAN RM/ACQUIS71ON �1N■N � UNENCUMBERED REMAINDER
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