HomeMy WebLinkAbout17- Memorandum of Agreement - Montana Keystone Ventures, LLC - Baxter Lane Improvements (19th-7th) PROJECT NAME: BAXTER LANE
CITY OF BOZEMAN IMPROVEMENTS(19TH-7TH)
Engineering Division
4535.11402.11
Public Works Department PROJECT#:
'le a'z PARCEL M 16-1, 16-2, 16-3, AND 16-4
�t9 ^'g°��J MEMORANDUM OF AGREEMENT
MEMORANDUM OF AGREEMENT
AGREEMENT has been reached this 21 s' day of be, 20_L7, between MONTANA
KEYSTONE VENTURES, LLC, a South Carolina Limited Li bility Company, the owner(s) of Lot 6A of PT
Land Phase 2 Subdivision, Gallatin County, Montana, according to the official plat thereof on file and of
record in the office of the County Clerk and Recorder of Gallatin County, Montana, [Plat J-498] hereinafter
"Seller(s)" 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 16-1): $ 0
Easement area: 13,527* (sqft)
Public Use Easement(Parcel 16-2): $ 0
Easement area: 942* (sqft)
Public Use Easement (Parcel 16-3): $ 0
Easement area: 3,702* (sqft)
Temporary Construction Easement(Parcel 16-4): $ 0
Easement area: 8,149* (sqft)
Total (rounded) 0.00
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 representatives, successors
and assigns of the parties, only when the same shall have been approved by the City Manager on
behalf of the Public Works Department.
5. The property transfer shall be effective upon acceptance by Purchaser, evidenced by the execution
of this Agreement by the Purchaser and payment of the purchase price.
Of the total amount of compensation hereinabove agreed upon, the sum of $0.00 shall be paid upon
execution and delivery of a good and sufficient: ® Public Use Easements, ® Temporary Construction
Easement, and the balance of the compensation, amounting to $ 0.00 shall be paid upon compliance by
CITY OF BOZEMAN PROJECT NAME: BAXTER LANE IMPROVEMENTS(19TH-7TH) Parcel 16-1, 16-2, 16-3 and 16-4
PROJECT#:4535.11402.11 Page 1 of 3
the Seller(s) with the terms hereof.
Disbursement of funds will be made in the following manner:
Seller(s) Amount of Payment
Montana Keystone Ventures, LLC $0.00
The Seller(s) certify that there are no known hazardous materials on the property.
The terms of this Agreement are understood and assented to by us and payment is to be made in
accordance with the above.
MONTANA KEYSTONE VENTURES, LLC
' Date:
Warne-
Title: NA
CITY OF BOZEMAN
Date: ( � ,
By: Nennis Taylor
Interim City Manager
ATTEST:
O Z'
• `��'10
Date: lob'51• l�-
By: Robin Crq fo •
City Clerk
CITY OF BOZEMAN PROJECT NAME: BAXTER LANE IMPROVEMENTS(19TH-7TH) Parcel 16-1, 16-2, 16-3 and 16-4
PROJECT#:4535.11402.11 Page 2 of 3
NOTE:
ALL EXISTING FENCING AND
PARCEL 16-1 PUE VEGETATION IN CONSTRUCTION
NEW PUBLIC USE AREA TO BE REMOVED BY
CONTRACTOR.
/ EASEMENT
PARCEL 16-2 PUE
NEW PUBLIC USE
EASEMENT
\` �\ PARCEL 16-4
NEW TEMPORARY
\\ CONSTRUCTION
EASEMENT
\
PARCEL 16-3 PUE
NEW PUBLIC USE
EASEMENT
1EXISTING
\\ PROPERTY
\ \ \ \ \ \ \ \ \ \ \ \ \ \ O�Iw•.!
\ \ \ \ \ \ \ \ \ \ \ \ y
<;
Current Owner: LOT 6A OF PT LAND
Montana Keystone V PHASE 2 SUBDIVISION
entures, LLC SEC. 1, T2S, R5E
R/W Legend
Existing Road Right-of-Way
150 0 150 300
SCALE IN FEET New Easement Area
CITY OF BOZEMAN R/W ACQUISITION Area Remaining
NEW PUBLIC USE EASEMENT 18,171SOFT. IN Existing Property Line
NEW TEMP.CONST.EASEMENT 8,149 SQFT. --- New Public Use Easement
New Temp. Const. Easement
Right of Wa Required Baxter Lane Improvements PROJECT: 4535.11402.11
y
N. 19th Ave.to N.7th Ave. DATE: 5/1 512 0 1 7
D O W L, City of Bozeman, Montana FIGURE 1
2090 Stadium Drive Bozeman,Montana 59715 PARCEL 16-1 16-2 16-3 & 16-4
408-588-8834 —Aw M— > > > Page 3 of 3