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Memorandum of Understanding
lhis memo serves as 3 written remlnaer of the responslbi1it1es and rights of eacn party reiacq :0 rent.3: ::; ~13r'erC':jse
space, created between The Clty of Bozeman, Montana. the owner of the propert.y, and i 1":ven:or'\: ~\~ 3 ~ a ~ e:n e '1 : ~ .8. r' V ", C. .q ~~. ! : ~1 j \
the renter.
Owners Respons i b i 1 it i es and Rights:
a) Owner agrees to furnish secure warehouse space, :ocated ' n tre rirynes 5u:~~~~~9~ ~ U i Ii .IPI: 1'1ce, to
renter for the sum of $300.00 per year, payab 1 e in quarterly installments. Owner to 1 r'lo 1 ce renter.
0' Owrier sflai 1 pronde necessary keys for outside entrance.
01:re'- S"ia i' prov i oe 24 i'cur access to renta i space, 365 days per yeor
a) Owner snail malntain exterlor of oUliding so as riot to cause aamagE to stored 1nventory.
e) Owner agrees to provice eiectriclty, for 11ghting ourposes, :c re:itej s~ac~,
f) Right to termlnate, Wntten notice must be ~ece1ved by renter by Mav ';t 0; each Fiscai ,fear :\ \J!J!~,i ~s:
thru June 30th: to effect termlnation.
Renters Responsibi 1 ities and Rights:
aJ Renter agrees to pay, upon receipt of involce, the sum of $75. GO per' quar.ter.
[" Rente, assumes respons ihi lltf for the value of it's 'nve::Jry heid ;', wareholJse space
s; ~ente, shali provide necessary 'ocks and keys for inside warehouse space,
d) Renter agrees to maintain interior of renta: space in as good a con,:itlon as wnec ;ritll':y rented, Ar
ir.terior improvements may only be done with written authorization of owner,
e) Right to terminate. Wrltten not ice must be received oy Owner by May 1st of each Fisca Year (julylst
thru June 30th" to effect termlnat ion.
This 'l1emo shaii be '0.15
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