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HomeMy WebLinkAbout01- Valley West Payback Agreement for Street Improvements -. 111111111111I11 1111112027878 . . Pag.: 1 of 10 01/04/2001 11: 51R Sh.ll.y Vano.-Gallatin Co MT MISC 60,00 V ALLEY WEST PAYBACK AGREEMENT FOR STREET IMPROVEMENTS THIS AGREEMENT, made and entered into this L day of January , ~SSa by and between the CITY OF BOZEMAN, a municipal corporation, organized under the laws of the State of Montana, ("City"), and V ALLEY WEST, LLC, ("Developer"). WHEREAS, the City owns and operates a street system within its corporate limits; and WHEREAS, Developer has constructed street improvements to said system more particularly described on Exhibit" A" and entitled "Valley West Service Area Boundary for Street Improvements" attached hereto and incorporated herein by this reference, which improvements are capable of serving the tracts described and shown on Exhibit "B" and entitled "Valley West Payback Boundary for Street Improvements", attached hereto and incorporated herein by this reference; and WHEREAS, the service area described in Exhibit "A" is hereinafter referred to as the Service Area Boundary" and the service area described in Exhibit "B" is hereinafterreferred to as the "Payback Boundary Area";and WHEREAS, the street improvements in the Service Area Boundary that are also located in the Payback Boundary Area are more particularly depicted and described in Exhibit "C",attached hereto and incorporated herein by this reference; and WHEREAS, the street improvements constituting the extension to said system and constructed by the Developer and described in Exhibits "A" and "C" (the "Street Improvements") have been finally accepted by the City for ownership, maintenance, and operation; and WHEREAS, the property located within the Payback Boundary Area, lies within the Service Area Boundary; and WHEREAS, the property located within the Service Area Boundary and within the Payback Boundary Area, are specifically benefitted from and by the Street Improvements; and WHEREAS, the property located the Payback Boundary Area is hereinafter referred to as the "Benefitted Properties"; and WHEREAS, the cost incurred in connection with the construction of the Street Improvements are delineated in Exhibit "D" and attached hereto and incorporated herein by this reference; and WHEREAS, the Benefitted Properties did not participate in the original cost of construction of the Street Improvements; and , 1111111111111I11 111111 2027878 . Palle, 2 of 10 01/04/2001 11: 51Ft Shelley Vance-Gallatin Co MT MISC 60,00 WHEREAS, the City has purchased a portion of the Street Improvements located within the Service Area Boundary, but outside the Payback Area Boundary, which purchase was financed through SID # 666; and WHEREAS, the Developer has transferred to the City that portion of the Street Improvements contained within Payback Boundary Area; and WHEREAS, the parties agree that the City, at its discretion, may charge and collect a fair pro rata share of the costs incurred in connection with the construction of the Street Improvements from each ofthe Benefitted Properties as those properties annex into the City. This charge will be known as a Payback Charge and shall be the sole source of funds to be used by the City to reimburse the Developer for the Street hnprovements located within the Payback Boundary Area; NOW, THEREFORE, in consideration ofthe conveyance to the City of the Street Improvements, and the mutual covenants contained herein, it is agreed by and between the City and Developer as follows: l. The Developer agrees and certifies that the Street Improvements have been constructed and installed in accordance with the requirements of the City. The City, by its acceptance of the Street Improvements, agrees that the Street Improvements have met the requirements of the City. The Developer further agrees to convey to the City good unencumbered title to the Street hnprovements and secure or grant any necessary easements to the City for said Street hnprovements. The City hereby agrees to accept said Street hnprovements and easements for maintenance as part of its street system. 2. The Developer has submitted to the City itemized invoices for labor, material, engineering, and other costs associated with the construction and installation of the Street Improvements, that have not been reimbursed by SID # 666, (hereinafter "Improvement Costs"). The Improvement Costs are delineated in Exhibit "D". The Developer does hereby certify that the hnprovement Costs are directly and solely attributed to the construction and installation of the Street hnprovements. 3. The Developer has submitted an as-built set of plans together with his professional engineer's certification that the project in which the Street Improvements were constructed was completed in accordance with the applicable laws, rules and regulations. 4. Whenever a Benefitted Property annexes to the City, the City may, in its discretion, assess a payback charge to the party applying for annexation or the owner of the affected property. The payback charge shall be a pro rata share of the Improvement Costs based upon the sum of$2,900.04 per gross acre, the "Payback Charge" shall be the product PAVBACK AGREEMENT RE: STREET IMPROVEMF-NTS 2 , , 1111 112027878 . 1111111111111I11 , Page: :3 of 10 01/04/2001 11: 51R SMelley Vanoe-Gallatin Co MT MISC 60,00 ofthe number of gross acres involved in the annexation multiplied times $2,900.04. In the event the City elects to assess such property a Payback Charge, the City agrees to co1lect the same from the party applying for annexation or the owner ofthe property to be annexed. The sum of$2,900.04 per gross acre shall be conclusively presumed to be a fair pro rata charge per gross acre against the Benefitted Property and wi1l be in addition to the usual and normal charges made by the City. 5. Within thirty (30) days of receipt of Payback Charge, the City will send to the Developer (i) the funds collected minus a seven percent (7%) administrati ve fee to be retained by the City and (ii) a written accounting of such funds, reflecting the 7% administration fee and identifying the portion of the Benefitted Property annexed. The seven percent (7%) administrative fee discussed herein in shall be in addition to the Improvement Costs. The funds and accounting sha1l be sent to the Developer's agent, as designated below, unless otherwise changed by the Developer in writing The City will not permit any extensions or connections to the Street Improvements without the prior payment ofthe Payback Charge or without the full knowledge and approval of the City. If, for whatever reason, the City fails to collect the Payback Charge, the City sha1l not be liable to the Developer for such failure. 6. It is agreed that this agreement shall continue until Developer has recovered one hundred percent (100%) of the Improvement Costs, or upon the expiration nineteen (19) years, whichever occurs first. This Agreement shall be deemed terminated and of no further force and effect on the nineteenth anniversary of this Agreement. Failure of the City to recover the Payback Charge shall neither create a liability on the part of the City nor extend the Agreement beyond the period specified herein. 7. This Agreement has no effect on City charges for utility connections or impact fees. The City may connect, free of charge, to the Street Improvements and such connections shall not constitute grounds for reimbursement. 8. The Developer hereby agrees to release, indemnify, defend, and hold the City, its agents, officers, and employees harmless from and against any suit, cause of action, claim, cost, expenses, obligation, and liability of any character, including attorney's fees, which may be brought by a third party against the City arising out or related to the assessment and collection ofthe Payback Charge in accordance with this Agreement, including but not limited to claims related to an error in calculation of proportionate cost or Payback Charge, defects in the construction ofthe Street Improvements, and errors in making a determination that the property or portion thereof assessed with a Payback Charge is or is not benefitted by said Street Improvements. Prior to the imposition of the Developer's obligations in this paragraph, the City shall provide Developer with written notice that a third party has made a claim against the City, its agents, officers or employees. The notice shall include a request for a tender of defense pursuant to this paragraph. Such notices shall be sent to: PAYBACK AGREEMENT RE: STREET IMPROVEMENTS 3 . , " 11111111111I11 '. 1111112027878 . Pille: 4 of 10 01/04/2001 11: 51A Shelley Vlnoe-Gallatin Co MT MISC 60,00 Valley West, LLC Att: Gerald Wing 1240 Bennett Lane Calistoga, CA 94515 with a copy to: John M. Kauffman, Esq. Kasting, Combs & Kauffman, P.c. 716 S. 20th Ave. Suite 101 Bozeman, MT 59718 9. Developer shall not assign any right or obligation hereunder in whole or in part, without prior written consent of the City, which shall not be unreasonably witlilield.. 10. Any amendments or modifications to this Agreement or any provision herein shall be made in writing and executed in the same manner as the original document. 11. This agreement shall be interpreted according to the laws ofthe State of Montana. Venue in any dispute arising from this agreement shall be in the Eighteenth Judicial District, Gallatin County, Montana. 12. The undersigned for the Developer acknowledges and certifies that he has the authority to execute this Agreement on behalf of the Developer. 13. The undersigned for the City acknowledges and certifies that he/she has the authority to execute this Agreement on behalf of the City. 14. This Agreement may be extended by the mutual written consent ofthe parties through their authorized representatives. 15. The Developer may terminate this Agreement after providing the City with a written notice of its intent to do so 30 days prior to the date of termination. PAYBACK AGREEMENT RE: STREET IMPROVEMENTS 4 . . .. .' 1111111111111I11111111 ~~~?:r:?~A Shelley VanQe-Gallat1n Co MT MISC 60,00 IN WITNESS WHEREOF the Parties hereto have executed this instrument the day and year first above written. DEVELOPER: VALLEY WEST, LLC CITY OF BOZEMAN: By:---~~ Clark V. Johnson, City Manager ATTEST: G1L y~~ Robin L. Sullivan, Clerk of Commission PAYBACK AGREEMENT RE: STREET IMPROVEMENTS 5 . J . . 1111111111111I11111I11 ~~~?:~:?~, Shelley Vance-Gallatin Cc MT MISC 60,00 STATE OF MONTANA ) County oC)-ldl)~l!2J1:"-' ) ss. ) On this )~)I) lit day of/ti2:t't;;lfl~:(~2000 before me, the undersigned, a Notary Public for the State of Montana, appeared JERRY WING known to me to be the Managing Member of Valley West, LLC and the person whose name is subscribed to the within instrument, acknowledged to me that he executed the within instrument for and on behalf of Valley West. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. . 7 -(~EAL) /' ,/ , '. ~'~~.. . ' 1/" I -t r ~~ / u/",/~rc.- ,_LcJJL~~/~~ ::, <, ;,'-.\). E , ...-..' '. Notary Public ,f9l the State of~ntana .' . <._ r :~,... , ROd. .' 'J, ,? . .... "".1(.. h ..... ~ . (" > fl4,1/I"', . eSl 109 at--?' 2-'-;.Tt:;7?j2j?,( <,"r._~Z:4~"i:7/ (i::2~::,,'''-_.. , - ~. \ ,...... - My Commission Expires_c?-i.f//~ /0 '0;: , 1- STATE OF MONTANA ) ) ss. County of Gallatin ) .4t)(J/ On this ~~ day of - , ~ before me, the undersigned, a Notary Public for the te of Mo na, personally appeared CLARK V. JOHNSON and ROBIN L. SULLI , known to me to be the City Manager and Clerk of Commission, respectively, of the City of Bozeman and the persons whose names are subscribed to the within instrument, and acknowledged to me that they executed the same for and on behalf of the City of Bozeman. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. (SEAL) ~ otary Public for the State Residing at Bozeman My Commission Expires, ~ -:J"J/'--{J..): PAY HACK AGREEMENT RE: STREET IMPROVEMENTS 6 . . " . , ., , . EXHIBIT A - VALLEY WEST SERVICE AREA BOUNDARY FOR STREET IMPROVEMENTS Valley West Service Area Boundarf for Street Improvements The Legol Description of the Valley West Service Area Boundary tor Stieet Improvements is as follows: A Tract of La nd located in portions of Sections 3, 9 and 10, Township 2 Sout", Range 5 East, P,M,M., City of Boze'Tlon, Montana, being more partie ularly describeo os lollows: I UN:::: TABLE UN::: BE.A.';;;-_NG I LE~~CTH Commencing at the northeast corner of said Section g, also being the northwest corner of said Section 10, and Tr'Je Point of Beginning; L5! 590' DC 'oaRw 85.00' L6 S::::{I'2.E!'03"Wi 4':12.09' Thence olong the Wesf iine of Section 3, North 00'47'00"Eosf a disto~ce of 850.00 teet; L7 SE!-g"Sl'08"W; 288.4B' Thence South 89'59'25" East a distance at 2638,62 feet; I L8 :-"76"01:;'44"1'.'1 41 .L-~' LS 589"51 '08"W I 459.oe' l r Thence South 89059'25" East a distance 01 804,96 feet; LlC- S75'54'35"W! 41.1C' Thence South 00047'00" West a distance of 849,93 leet, to the Nortr_ line of said Section 10; L1' ,,, E!-g'59 '42"y,' 174.50=' Thence along said North line of Section 1 0, North 8g059' 42" West 0 distance of 174.95 feet; Thence leaving said North line 01 Section 10, South 00028'03" West 0 distance of 2265,00 feet; I I Thence South 90000'00" West a distance of 85.00 teet; Thence South 00'28'03" West a distance of 402.09 leet; I Thence North 89"49 '50" West a distonce 01 545,00 feet, to the Center 1/4 corner of said Section 10; I I Thence along the North -South mid -section line at said Section 1 G, Sputh 00'28'03" West 0 distance of 1228,37 feet; Thence North 90"00'00" West a distance ot 1355,39 feet; w r /2, sw 1/4- Section J Thence South 00'00'00" West a distance of 1328.63 feet, to the Nor~ right-of-woy of Highway 191; I Thence through the following five (5) courses along soid North right- of-way of Highway 1 9 1; C ertilicate Ol S!"......ey j 11392 (1) Thence South 89'51 '08" West a distance of 288.48 feet; Mrs. cric An derso{1 (2) Thence North 76"06'44" West a distance of 41.23 teet; 25.7.5 TClII.LAO'lE5 "Cc" 2~.a;} ,o,sSE'SSI.I!ilE ACRES (3) Thence South 89051 '08" West a distance of 459.86 feet; S8g':. '25~-E " " "5.99'59'25"E (4) Thence South 75054'38" West a distance of 41.10 feet; 263 ,ot [1/2. WI/2, and 804-.96' P.O.B. W)/2. W!/2, S<1/4, (5) Thence South 89026' 15" West a distonce of 1823.64 feet; Section 3 ,'.eSS Minor SlJbdivisic.'1 1253 Thence leaving said North right-of-way of Highwoy 191, North 0'40'15" East 0 distance of 2557,04 feet; Certit.=cote Of Su..........ey jfJ02 Thence North 01'02' 11" Eosl a distance of 1340.70 feet; Dr; !..."!jias L Of1Ci?; Smith Thence South 89019'43" West 0 distance of 669.96 feet; 190~5~/W 2B.I0TQTAL.oIrCRES 205.elAS5=::SSAel..Eol.CRES Thence North 01'02' 11" Eos\ a distance of 289.84 teet; S9"4-7'O.c,.~ 'VN Thence North 24'35'59" Eosl a dislonce of 437.25 teet; DURST-:JNr.:;;C". I E1~6_M' !II ...... rlif,'co e , Of Survey Thence North 01'02'11" Eost a distance of 659.22 teet, to the North line of soid Section g; Ic,.-t'i""'. Of Sue," l" Cert'i.',"'e Oi Surv,y j "y" 1!829 Thence along said North line of Sectian g, North 89'47'04" East a di~tance 01 1816.88 feet, to the True Point of Beginning. j"1005C .::~ IlOO5C TlMCT B ~LGnd DaCJJmen!ed 011 S{)~ciOI Piat C ertfficQ te Of Survey TRACT 2.4 8' 0; T.'?..4CT ..14 Herlj~oge 50/4, Section J I; 005B BURNT LE.4 THD? :.... t2 VALLEY WfST L Leu Christian Ce,.-t,:fico Ie Of Sur,,-ey Containing 558 acres, more ar less, along with ond subject ta exislinll easements, rights-ol-way ond park dedicalion, 5730 lOf"L lr,C';FS I ' rRA CT 1 RANCH i,'y'C. ~ ~_'35' ASSESSIB...E M:,RES I School 11302 360 RA,\'Ch' Co.RP lHiO TDTAL ACRES 00' R/~~ ~ Ce-t'!<cQie Of Su"",y 1 J.OO TOTAL ACRES ~'ean I..e...,:s 50%" 12.114 ,l,SSESSABLE ~1--29 TOTAL N:RES "RES McDor'-'Jld [Groa Co. Urnited Partners/; ip 50X "p" ~ 1985 :U.:5 TIIT,I",. ol.CRES "0" to N" 6 0' R!W Montano p{J wer Co. Ce';;~:; 'l'CO' ~ "8 :L 7o!1 ASSES'io'BlI JV:;R('S 5.E2TOT.IL.N::R::S- "~" N:)1 'o2'~ 1 ~E I 5.OC-ASSES'SA6...I.-::::RES ~ ~ -.. 289.84' #_iOO!i 8 ; SE!-9' 19' 43 ~ ~, , Parcel A-! l ""......4 ~ reerr,,'""t. Of 669.9E Volley West U,,' Suntey 7_~1 roTAL.Io:::RE'S I 7.J5 ASSES"SAa.E N::R .#161Q ," ';Il! NACT A Dertilicate Of Survey THe VECTO.9 Gl?OUP LLC. w C e_rtif,'cGte. 0.' Su.....i!y IID05B 37.7BTOTAl ACFlES ::~ IID05B I rRACT 5 ~J.5e- .......""SE5SolBli: Ao:::RE5 mAC! 4 I Valley West L L C. U> (-..,- 0 VALl.EY WEST LL.C. ~ o~ I.:5E_17TOT.IL.oI\CRES ~ ~ 'iO.45T-:)Tol,L,IICfIES . .:5e_;fil ASSESSA1llE ACRES lL5.~7 A.SSESSAB...f ACRES - "L" - I . "0" IF~t/W -< < I . il., E!9. 49' 50~W :3 ~ VN ~ 545..::10' 0 . 0)/ ford T r,;st 50% I "U" De,'Qney &- CO. Inc. 50% G) A Portion of ,0,;[ 1/4, 2(1..:5~ TOTII,l ACIiES . 17.77ASSE5'501Bli:~ES - SE 1/4, Sectio.r; 9, - Certif,:{;(Jt.e Of SlJrllfJ.Y 8~ . - 'c; #1005 CenifiCQ Ie Of Survey # 1872 ~~ - ~ No.rrtc,!j R{Jrl-ch Inc. Trod 8 1::: :;'-.I :3 ~.E12-n:r.,IL,l,CR:::S /rilelJoel W. De,'of1ey ~ - 38.9B ASSE:SSAELE: N::RES "K" n "R" "T" Ileana lrldrelo{"ld 0 w '96.s..!IOCT./IJ....:::RES ;'0 S-4-.'34olSS[SSAt!LEol.CHES ::3 .~ -55.85 ACRES 11'1 SERVICE olREA ~,l,~ (KIJNDARY -I ~ N90'OC-'OC"W 3 1355.39' - Ce.rtlfico te Of S !,..'rvey N:)TE: U> A Pon':or; of SEI/4. SEI/4, n #1846 Tra.-;t 2 LlITTERS ON INC:\iIDUAL PROPERTIES PRUilCE CDRRi:L~ TION S6-:::tiOtJ .9 Michael W. Deloney & B~T\I'EEN THIS 30UNOARY EXHI:3IT AND ThE AP?L1CA3LE Ce.rUliCQ Ie at S'--'Ney #!. C05 "-"eonQ fnd,~eIQnd Pan~d':9.'TJ Properties t'. 15'_5I!lTOl"'J.,o,cRt-S ASSESSMENT SPREAOSHEET. : 7.5~ TOTolL ACRES 8:2 '-9_23 ,l,SSESSAa...E ACW-'S m '7 ~~ _1ISS['SSJ.&Lr oIC'iI::S \ g~ s ~~ Cerl;ficate Ol SIJNe./ HIS IS A GR~PH ICA_ REPRESENTMION OF PRG PER" is:. "A" #1845 T.~Qd 1 BJUNDARIES CGMPILi:C OF INFORM.ATICN CrST A, NED F,~C!~ s R&D Ho,'ding co UISTING PLoTS ANO CERTFICATES OF SJ RVEY CN "ILE .t.T ~~N 19.6.:5roTALol.CRES TiE GALLATiN COUNTY CCURTHOUSE, ,HE INFCRMA TION ,~..s: oIS"'...E55AELE .ll:1l'!::-S So9'26'~ 5~W L9 I...e L7 G~ES NO- REPRi:Si:NT A ~EGAL SURVEY CF ~HESE GIS \82.3-.64' .to-- BOUNOA~IES OR PROPERTIES, ;:;....N , " go...... 1/4 s,e, ~-CD cBJMORRISON -- RANGE ~ G ...... -= ~ ------;c-- ----y-- , ~t~IERLE,bc. ~ U> CD .....~_o::bK;Ia...l D ~..;L...,,'j~-"""''''_If"..:'l1 _I~m--ff." ...,...~,." FRINCI?AL M'::;;:IDL'::"~,-. MONTt.:'~~ C;RJ.PHJCSCJJ.E ~I FRGJECT r--fj; 288:..004 GALLA"lt... COU'HY, MONTp,'M_ 25D 0 12~ 25(1 "'" "'" It- - -- ...... I {Dr:F"l:LT) "-:EL-J '.....-OR-~=- DATE:: 1 i I~ 6/[-:) FL-JTiED DA TE~ ,",,0"'/' 6/2.C::)0 Liaclll",~ t\. J':;;A~T\ EY:~ SC.~.L-::: , ":500:::' (PRIOR TO REDUCTION) DRA'~'NG NM.1E:: H-\Z!!>!!5\OO~-y..c.o.::.\E:XHIBIT\S':reel.C:.~ O-,C:C-:<EC E1Y:~ CIE:NT: S'-It:ET ~ OF ----1- .. . ,. - . .. . EXHIBIT B - VALLEY WEST PAYBACK BOUNDARY FOR STREET IMPROVEMENTS Valley West Payback Bac noary for Sfreet Improvements The Legal Description of the Valley West PaybacK Bo~rdary far Street Improvements is os follows: LINE: TABLE A Tract of Lond loeeled in portions of Sections 3 aep 10, Township 2 South, Ronge 5 East, P.M.M" City cf UN::: BEN< ING LENGTH ! cl "'!E!-9'!:.9'25~wj 45.01" Bazeman, Montano, being more particularly described os follows: [2; N01"06'{I,g.E; 406.0{:' w; ."reg': 9 '25 ~w ~ liOO. DC , Commencing ot the southwest corner of seid Section 3, olso bei~g the ~orthwest corner of said Section 10, and L4 SC,' C6 '08"W i 408,00' True Point of Beginning; :.J ( :'I!!39':-3'42."wl t74.-9S' Thence along the West line of said Section 3, North 00'47'00" East Co distance of 850.00 feet; Thence leaving said West line or Section 3, South 89'59'25" East 0 distcnce of 2638.62 feet; Thence South 89'59'25" East c d,stance of 804,96 feet; Thence South 00'47'00" West a distance of 849,93 feet, to the North line of said Section 10; Thence along said North line of Section 10, North 89' 59' 42" West a distance of 174.95 feet; Thence continuing along said North line of Section 10, North 89'59'42" West a distance of 630,01 feet. to the North 1/4 corner of said Seelion 10; Thence continuin9 along said North line oi Section 1?, North 89'29'25" West 0 distance of 738,56 feet. I Thence leaving said North line of Section 10, South ~O'l 0'31" East a distance at 881.78 feet; Thence South 88'30'24" West a distonce of 639.07 f~et; I Thence Narth 00'09'34" East a distance of 898.54 f~et, to said North line of Section 10; WI/2, SW1/4 Section J Thence along said North line of Section 10, North 8<1'59'25" West a distance or 621.40 feet; Ceft.~f1cote Of St.."ro.-ey I Thence leaving said North line of Section 10. Scuth 01'06'08" West Q distance of 408.00 feet; #130'2 M,s. E ~ic Ande_rson Thence North 89'59'25" West a d,stance of 600,00 ftet; 25_75TOT.......~ "cc" Thence North 01'06'08" East a distance af 408_00 f!et, to said Narth line of Section 2J.&J ASSESSABLE ......"'RES 10; SB9'5 '2S"E " " Thence along said North line of Section 10, North 89'59'25" West a distance of 45.01 feet, to the True Point 01 p,e.B. 263 ,62' Beginning. , Containing 84 acres, more or less, along with and subject to existing easements, rights -af-woy and park dedication. , r 9D~t/W ."', DUR 5 TON ;;:0. fJrtifico e C ert_.Hr::Gt~ Of Survey I Of Survey I Certificate Of SUrv€ w "y" /1829 J lO05C I # 1 OOSC ~~ ~~~: ~ ~ (ond Oocumenfed Gn Special P,'at, -I Certificate Of SLJ......ey rRACi 2A TRACT JA SEY/4, S~c!i{Jn J #10058 8URNT LE4 THD'i' VALLEY WE"sr U, c. J 1; :g Christian 0; . C~rt':ficate Of Si.lrvcey WACT 1 PAIo.'Ch' 1,t.,'C. ~7_JO TW.......~ o co Schao,' - ~ # 1302 5~.gg ASSESs.o.Bl.E ,o,c~s- :z 1J.OOT::rrALACfIES Jeor'! Le ...is 50% 360 RANCH CORP "'"'"''"l 12.34 ASSE:S:S./I.8LE 41.2STDT.......ol,CR(5 'W ":o,;;,~ ~ ""''' "",,c.., 'V McDo.r"J G,'d L and Co. Limited Certificate Of Survey SaS30.24 'Ii Partnersh.p 50% I , #985 I "p" 639,07' I 293TCT-'L,l,(:RF2S "Q. Montana Power"' Co. 2_7.(1 AS'SESSAalE ACRES 5.62 n:lT.lr.l ACRES "~" "GG" ~.oo ,lSS[SSolBLE /It:.R!'3 \ Survey /1-0058 . -r"" I , arcel A- 1 I ~ce,';"'o'e 01 ~'N I Volley West L. L _ C_ I " Survey C;~'~~;111 1)610 I c "".i.r;," Ie Of Su,""y I !;9Acr A _ iHe ~'CCroR Ced,'f,'cote Of Survey JI '~'H" 110058 J7.7HT(:.T.l.LACAfS , j1OQ5B I Tf?ACT 5 JJ.~BoIS'SES'S.llJ3L1:~ ; TRACT 4 Vo.'ley West LLC I VALL EY WEST LL C, .' . lJEi.L7,c-r'J..ltC~ I · ''";':~""'''II 1l5.47olS5ESS'a..E,l,:::.:lES "L" II ~'/I' , " OxfQrd Tn.'s~ 50.% "U" Delaney & CO. lroc. 5C% A Port/Of' of Nf ;/4, :<'0.3:5 "'CTAL ACRES SE1/4, Section 9, 17.J7...ssE5S1o9...E,o,cRES CerlJlico Ie Of S LJr...ey 11005 Certificate Of SlIrvey 1"1872 Norton Ranch ,'nc. Tract B oItO.e:2"'rC-III.L.....""'RES Michae,' W. De.lar; ey ~.9.(IAS-'5~_oI,Cl<ES "T" l.'f;,ana Ind,~e.'r1nd ...e.9! TOT..... _II,C~ES ~ ~.54 ASSESSAS:.E ACRES 55.195 ,l,CRES IN S.:.D. e-JJ"IJAR" NOiF: CerlHicoie Ol Sl..'rllf:Y LETT~RS ON INOIVIDUAL PROPERTIES PROV DE CDRRELA.~IOI~ A .Portion .sf SD/4, SE'i/4, /1846 Trad 2 BETV!EN THIS BOUN GARY EXHIBiT ANO THE APPLlUBLE Secli::::-n 9 MichGel W. Delaney ok ,~SS:rsSMENT SPREADSHEET, CE.!7:.if,'cale of S!..l....vey 11005 llecno ,'ndn=,lalid I P<;;;md;qm Pr:,pe,rties ~"3.~ T0folL ACRES THiS! IS A GRAPHICAL REPRESENTATION OF PROPERTY P.~ 7CT."'L,l,CRe:5 \ 1....2J,loSSES5.olaE:N::RES 17.5~ ol.SSESSAEK.E ,l,(:R~S 30L.~OAR; ES COMPlED 00 INFORMATION 08T AINED FROM , "A" Certificate ()f S,!,J..,...ey !OX STING PLATS ANO CERTIFIOA TES OF SURVEY ON FILE AT 11846 Tra--:;/ 1 THE.GALLA TIN COUNTY CO\! RT1-'CUSE, HeE INFORMA,,:CN ,9&D Ho,'-ding co. !.9.05~ T-oT,l,L ,loCFIES DOE~ NOT ~EPRESENT A LEGAL SURVEY OF THESE 15.f.1 ASSESSl.ElE N:RES 80L'~DARIES OR PROPERTIES. " ~:N -- GIS .1>-- NmN cBJMORRISON ~ 1/4 SEC. RANGE gO..... ~ --CO . MAIERLE.lNC. ~ ---x-- -----y-- ::: G ..... ~,~ _~c;:...;._ r~ 10< :11l ......_-.II"_r.>1 _lellI;'...mra:I'IIl..-.-"1II UI CO GRJ.PHK SCAL[ I:'~::I FRG~IECT !t-.:O: 288-5.0C4 MC:--.JTANA. D '" l_J2~ ,2~ '''' 1-:00 ~ ~ DATE: 1. /j 5/00 {OtYEL":') F:EL-J 'r'''G~K=---- PL:]TTEG C.~.TE: No-...-/l €/2.0-:.:) 1 m~h ~ 500 !t.. D~.Al'il\ Er:~ SCALE: 1 n ~:)O' DRIJ.'.~'NG I\-.';ME: H:\21"1E15\O;:'~V..Col.G\D;,",181T\!rtreoet.c..g (P",OR fO REOU CT <a N) C H E C "E::) BY: G~'S CUENT: SH EET 1 OF . . . , .... !to .. t . . ~J EXHIBIT C - VALLEY WEST STREET IMPROVEMENTS co-~ t"-og NGI~ -.~ ~1lI- N"- a.G SERVICE AREA BOUNDARY o u ~ "cc" - ~ >:"':S.~.-L " ~~. "qr.;" :5.a~:;-5g';:5'[ .. :;::f.~~J. ~~> ;' /,.;, k:/..:l, Cr;c' ~C:4_9s' !..;:;3'~~':~f~~e ~ ~ o ~- ii;' ,,_~..t , {;-, - .. - , . ....~'f ~ l ~ ...~-- ,.: ,~-'__~ .r;~' - __.-0-",...'..... ___., ...;,:';->~iC.:,.;5 (";:" 5-:...:' ::;' -{ )e; ',,'.." .'C';'''.''.,' .,,,s 3-:~~ 2'.:~~~X~_'1' -:-;::~~'.:;.~:- J-_?'''~ ._'V _.,_ ~ F-'.--,~;. !.!( C(.-~:';:d u:;r:d ~>:;.-,,~/;;-'-'~'=- . '0 . (", , ...'-... ..':::fL: ._.;" ~ i.'d ,:;:'c~'" ~c ~" ^ ^,. . "" /":;'"5 - - - > "~- ,;;~{E~~ts , - '" . __~~. - .0'- ~ .,~~__., ...,<" ". '/";" c.'. _.,~.. ,"O'"~'.. ~..-... tj3 ;.';~~L~2-:~O':~~_: .~!;:~';;~;., .. I " __::;;;J1:- .. "u" c, "--""~"" .~'- .~. "'~" ......'c~~~';~~." .-. ~'.-. ,-. ....-< ~-'~ ., ~, .-' . -. .. 'J" ;" .- ~'. --.; --'." ~-,''-~'1 .~.. -~-. - - I 0< S.jP~.", . . ~~r_ _./:' ~ :'/::'5 ~.' '! ' ~.- ~,-:: ~;l ,'.'0" 'j" 0..... ...,C.... .... c, -l5[\:;u<~'" .... ...... .... " I_l~ii~$: 'i ,[ . . .v '.' ,'~, , ,.~--=~:::",. C_'. .,~ "L r;\ n (. '" .' j' i ''''''!!f1l I .. ! _._:;:C,,:~~ <~ J ! ~<'..:~.:.~ ~ .: ,:... -, J..!..d! 1 . '" ., ., ! ,.. ,r" ,', "~"J L-='-:",~".L>-~.'.=-l. '. _~.~~ L '" i 'J V i.L". _ _ _" _ _" __" ____ ~___. _ '-;:~--:~:=---=-_:~=::'-:':::'--------'-;.-f'""-- -----~.- ---~-- - -----=-;:'1:" . -.__.... _, _~...--,.- '. ...- ; , ,-QjMORRISON a !/4 SEC. RAN~ cIiJMAIERLE,isc. _,_ - - ~-- iCRJ.PHIC .5CAU ,.a. ..11'1,1;.,...... _ __..... - _;.10_ .. ~_10lI PRINCIPAL UERI01AN, liICN;;..NA 250 t..~J5 2;;.o:s.y.J 1(lO(Jo ~ PROJECl NO: 2865.00-4 CAlLATlN C~Nry, ~ONTA~A ~ - - - I ,..<11II...:" - - ( IN nxr) FlELD WOR<,- OATE, 07/13/00 Plomo DATE, Cd/30/2JOO 1 b><h - Looo fl ~~ ORA'"," BY, C!Q/KW SCAL[, ,'= 1 C(lO' ORA"'NG NA~;:, ",\''''\''''''''''''\EX~,"""""PA., CHECKED BY, G...IS CUENT' S:--lEET , or , ~ EXHIBIT D Valley West, Bozeman, MT: STREET IMPROVEMENTS , Project Cost Breakdown for Service Area Reimbursement Total Assessable Area: 517.26 Acres 12-May-00 22,531,845.60 Squai'e Feet . , Reimbursible Project Costs $50,124.00 MMI Design $48,842.83 MMI Construction Observation/Certification $ 3,514.58 Construction Permits $14,100.73 Gravel Mining Permit $1,277,058.72 Utility Construction - Sime Construction $5,680.58 Reimbursement Documentation and SID preparation $1 ,399,321.44 Total Constru ctio n and I nciden tals SID Assessable Costs: Total Assessable SID Area: 438.84 Acres $42,524.87 MMI Design 19,115,870.40 Square Feet $41,437,94 MMI Construction Observation/Certification II> $2,981.74 Constru ction Permits J . $11 ,962.97 Gravel M in ing Permit - - . $1,083,448.26 Util ity Constructio n - Si me Construction '< < $4,819.37 Reimbursement Docu mentatio nand SID prepa ration II ~ 0 $1,187,175.15 Total Construction and Incidentals . I $10,300.00 c;) Bond counsel, advertising II - $30,724.85 Bond Discount - II - $66,750.00 5% Revolving Fund Fee - ~ $40,050.00 3% Administration Fee () 0 $1,335,000.00 TOTAL UsE BOND AMOUNT = $1,335,000.00 :3 -I :3 .... III Payback Assessable Costs: Total Assessable Payback Area: 78.42 Acres () $7,599.13 MMl Design 3,415,975.20 Square Feet $7,404,89 MM I Con struction Observation/Certification lJ> G $532.83 Construction Permits G G $2,137.76 Gravel Mini ng Permit ~~N $193,610.46 Utility Construction - Sime Construction ;;;1 S ~.. $861.21 Rei mbu rsement Docu mentation ;;;~N $212,146.28 Total Construction and I ncidenta Is g G...... $15,274.53 7.2% Administration Fee :~C>> .. ::"9...... $227,420.82 TOTAL lJ1 C>> D .