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HomeMy WebLinkAbout01- West Babcock Road, Koch, Right of Way Agreement, 2001 .. CITY OF BOZEMAN West Babcock Road Project Parcel No. 1-2 County of Gallatin . RIGHT OF WAY AGREEMENT James L.Koch and Sandra 1. Koch (Formerly known as Sandra Jean Christie) 104 1/2 South Wilda Lane Bozeman, MT 59718 does hereby GRANT, BARGAIN, SELL, CONVEY, WARRANT AND CONFIRM unto the CITY OF BOZEMAN the following described real property, to-wit; A tract ofland situated in NE1I4SW1I4 of Section 1 L T.2S.. R.5E.. M.P.M.. Gallatin County. Montana (Deed Reference Film 17. Page 330) and more oarticularly described as follows; All that part of Tract 8 of Cahill Subdivision, lying northerly ofa line that is 32.5 feet southerly, when measured at right angles from the north line of the SW1I4 of said Section II; and containing an area of339 square feet, more or less. List Names & Address of the Grantor. Contract Purchaser & Lessee James L.Koch and Sandra 1. Koch (Formerly known as Sandra Jean Christie) 104 112 South Wilda Lane Bozeman, MT 59718 1. IN CONSIDERATIQN OF THE PAYMENTS HEREIN SET FORTH AND THE SPECIFIC AGREEMENTS TO BE PERFORMED BY BOTH PARTIES HERETO AND WRITTEN IN THIS AGREEMENT, THE PARTIES HERETO BIND THEMSEL YES TO THE TERMS AND CONDITIONS SET FORTH HEREIN. NO VERBAL AGREEMENTS SHALL BE BINDING UPON EITHER PARTY AND THIS AGREEMENT SHALL BECOME EFFECTIVE UPON EXECUTION BYA DESIGNATED REFRESENTATIVE OF THE CITY OF BOZEMAN. 2. COMPENSATION FOR LAND AND IMPROVEMENTS (List acres and/or sq. ft. and improvements in the acquisition.) Land: 339 SF Compensation: 339 SF @ $3.50/SF = $1,186.50 X 1.25 = 1,483.15 3. TOTAL COMPENSATION FOR PARCEL $1,483.15 4. IT IS UNDERSTOOD AND AGREED THE CITY SHALL MAKE THE FOLLOWING DISBURSEMENT OF PAYMENT NOT LATER THAN 30 DAYS FROM THE DATE WHEN THIS AGREEMENT IS EXECUTED BY LANDOWNER. .. A warrant in the amount of$I,483.15 to be made payable to James L.Koch and Sandra 1. Koch (Formerly known as Sandra Jean Christie) 104 1/2 South Wilda Lane Bozeman, MT 59718 5. The above payment is for the acquisition of the fee estate only and does not include any area outside of the area described. 6. In addition to the payments set forth above, the City shall cause its contractors to: Properly repair any other damage of any kind or nature which occurs to any part or portion of the above described property, whether or not identified in this Agreement, that occurs as a direct result of the construction. IN WITNESS WHEREOF, the parties hereto have executed this agreement the day and year as written below. :!?MMEND~ APPROVAL ../ ; (e.Q B, ( 0. Right-of- ay Agent ate) r#ZD""" air (6 I . (bate) or ngmeer ng IV1Slon APPROVED FOR AND ON BEHALF OF THE CITY OF BOZEMAN \- ~ 8/13/01 (Date) L L Sandra 1. Koch /'