HomeMy WebLinkAbout18- Memorandum of Agreement - L & S Properties, LLC - Oak and Cottonwood Roundabout Improvements a�B0 PROJECT NAME: OAK AND
CITY OF BOZEMAN COTTONWOOD ROUNDABOUT
* 1` Engineering Division IMPROVEMENTS
Public Works Department
PROJECT#: 4524.11402.16
7tt9r'"'-co `"�f� MEMORANDUM OF AGREEMENT PARCEL#: 2-1
AGREEMENT has been reached this � day of k 20& between L & S
PROPERTIES, LLC, a Montana Limited Liability Company, the ner(s) of a tract of land described as
Lot 4 in Block 5 of the Final Plat of Flanders Creek Subdivision, City of Bozeman, Gallatin County,
Montana, 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:
Temporary Construction Easement (Parcel 2-1): $ 3,528
Easement area: 2,653* (sgft)
Total (rounded) $ 3,550.00
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(s).
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 $3,550.00 shall be paid upon
execution and delivery of a good and sufficient: ❑ Public Use Easement and ® 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.
Disbursement of funds will be made in the following manner:
Seller(s) Amount of Payment
L & S PROPERTIES, LLC $3,5 00.00
The Seller(s) certify that there are no known hazardous materials on the property being acquired.
PROJECT NAME:OAK AND COTTONWOOD ROUNDABOUT IMPROVEMENTS Parcel 2-1
B O W L PROJECT#:4524.11402.16 Page 1 of 3
The terms of this Agreement are understood and assented to by us and payment is to be made in
accordance with the above.
L & S PROPERTIES, LLC
Date: l
Michael Slawson
Member of L & S Properties, LLC
CITY OF BOZEMAN
r t � Date: S
By: Andrea Surratt
City Manager
ATTEST:
'q $02 ,
. . • . .
9Z�! CAA �Gate:
By: Robin Crough rt �•'�`'
City Clerk U• ,�, '; : * .
��•.:. 18B3 •,�� .
TtN CO• �
PROJECT NAME:OAK AND COTTONWOOD ROUNDABOUT IMPROVEMENTS Parcel 2-1
B O W L PROJECT#:4524.11402.16 Page 2 of 3
Current Owner:
L&S Properties, LLC
LOT 4 IN BLOCK 5 OF
FLANDERS CREEK
SUBDIVISION
SEC.4,T2S,R5E
41
/WEST OAK STREET I
I
o
Y a
EXISTING I� � � � � � � � � � 0
PROPERTY i I
LINE(TYP) i:; o
EXISTING
UTILITY O
. . . . . . . . . . .:
EASEMENT F-
(TYP) . . . . . . . . . O
. . . . . . . . .
�y Y Of
O L,
PARCEL 2-1 z
NEW TEMPORARY
EAOSEMENT TRUCTION
I
R/W Legend
75 o 75 150 ® Existing Road Right-of-Way
SCALE IN FEET
New Easement Area
Area Remaining
CITY OF BOZEMAN R/W ACQUISITION N Existing Property Line
NEW PUBLIC USE EASEMENT 0 SOFT --- New Easement Line
NEW TEMP.CONSTR.EASEMENT 2,653 SQF1
Right of Way Required for the Oak and Cottonwood PROJECT: 4524.11402.16
Roundabout Improvements Project DATE: 3/162018
D 0 W L City of Bozeman, Montana FIGURE 1
2090 Stadium D&n Bozeman,Montana SN16 PARCEL 2-1
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