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HomeMy WebLinkAbout21- Memorandum of Understanding - MSU - 1.4 Acres for City Fire StationMemorandum of Understanding City of Bozeman and Montana State University - Bozeman Development of the City’s Fire Station Two The City of Bozeman (City), a self-governing municipality operating pursuant to its Charter and the laws of the State of Montana, and Montana State University - Bozeman (MSU) enter into this Memorandum of Understanding on this ___ day of July, 2021 related to the development of a new City fire station on 1.4 acres of MSU’s campus east of the intersection of Kagy Boulevard and South 7th Avenue. The purpose of this memorandum is to establish the parties’ current collective understanding of the basis for a future formal agreement between the City and MSU for the construction and occupation of the fire station. The City’s Fire Master Plan (August 2017) acknowledges relocating existing fire station #2 to a location on MSU’s campus will better serve the Bozeman community. In addition, MSU benefits from the City locating a fire station on campus by ensuring the City’s emergency response services are closer to its facilities, students, faculty, employees, and guests. As such, the parties’ recognize the development of a new fire station on MSU’s campus is in their collective interest. The parties also understand City voters must approve the sale of up to $7,000,000 in general obligation bonds at the November 2, 2021 election for the City to proceed with development and construction of the fire station. In addition, the parties understand that if the voters approve the sale of bonds to finance construction, the parties must then enter into a long-term land lease agreement to formally memorialize the City’s occupation of the property. MSU has obtained the Montana Board of Regents approval of the basic terms of the land lease agreement. The terms will include an initial lease term of twenty years (with three successive automatic extensions of ten years each). The annual lease rate will be determined after the November 2, 2021 election. In addition to these basic terms, the City will consult with MSU on the design of the site and building and needed infrastructure improvements. The parties understand it is in their best interest to cooperate in these and all other aspects of the development of a new City fire station on MSU’s campus. ____________________________ __________________________ Mayor, City of Bozeman President, Montana State University 13th DocuSign Envelope ID: BAB7271A-4846-4679-B14F-6E9E21B14BFC