HomeMy WebLinkAbout02-05-18 City Commission Packet Materials - C3. Baxter Lane, Parcel 10 ROW Acquisition Closing DocumentsCommission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Rick Hixson, City Engineer
SUBJECT: Authorize the City Manager to Sign the Memorandum of
Agreement, Public Use Easement, Escrow Instructions, Buyer’s
Instructions and Closing Statements with Gallatin Center Limited
Partnership for Construction of Improvements to Baxter Lane –
Parcel 10.
AGENDA ITEM TYPE: Consent
MEETING DATE: February 5, 2018
RECOMMENDATION: Authorize the City Manager to sign the Memorandum of Agreement,
Public Use Easement (notarized), Escrow Instructions, Buyer's Instructions and Closing
Statements needed for the City to install improvements to Baxter Lane.
BACKGROUND: By adopting the City of Bozeman Capital Improvement Plan the City
Commission has directed staff to install improvements to Baxter Lane between North 19th
Avenue and Davis Lane. In order to carry out that direction it is necessary to acquire the Right-
of-Way described herein. The attached documents, which have been executed by the property
owners, are the result of those efforts and are necessary to the completion of that project. The
valuations used for these acquisitions was performed under the direction of DOWL Engineering,
the city's professional consultant for this project.
UNRESOLVED ISSUES: None.
FISCAL EFFECTS: The total cost of these acquisitions is $51,850.00 which will be paid for
using the Street Impact Fee Fund.
ALTERNATIVES: As suggested by the City Commission.
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Attachments: Memorandum of Agreement, Public Use Easement, Escrow Instructions,
Buyer Instructions, Affiliated Business Arrangement Disclosure Statement
Notice, Borrowers Estimated Closing; Borrowers Final Closing Statement;
Cover Page & Temporary Construction Easement
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