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HomeMy WebLinkAboutWaiverofSIDs_Draft_07262021RETURN RECORDED DOCUMENT TO: Bozeman City Clerk PO Box 1231 Bozeman, MT 59771-1231 WAIVER OF RIGHT TO PROTEST CREATION OF SPECIAL IMPROVEMENT DISTRICTS FOR: Annie Subdivision Ph. 4 Preliminary Plat (2305 Durston Road) I, the undersigned Owner of the real property situated in the County of Gallatin, State of Montana, and more particularly described as follows: The tract of land described in Plat J-482, being Lot 1 of Annie Subdivision Phase 3C, Section 2, Township 2 South, Range 5 East, P.M.M., City of Bozeman, Gallatin County, Montana. IN CONSIDERATION of receiving preliminary plat approval from the City of Bozeman for the Annie Subdivision Ph. 4, along with accompanying rights and privileges and for other valuable consideration, the receipt of which is hereby acknowledged, and in recognition of the impacts to City transportation and infrastructure systems that will be generated by the development of the above-described property, do hereby for ourselves, our heirs, personal representatives, successors and assigns, waive the right to protest the creation of one or more special improvement districts (SID’s) for the following: 1. Street improvements to West Oak Street from Hunters Way to North 19th Avenue including lighting, signalization, paving, curb/gutter, sidewalk, and storm drainage. 2. Intersection improvements at North 19th Avenue and Durston Road including lighting, signalization, paving, curb/gutter, sidewalk, and storm drainage. 3. Intersection improvements at North 19th Avenue and West Oak Street including lighting, signalization, paving, curb/gutter, sidewalk and storm drainage. Acceptance of a deed for a lot within this subdivision shall constitute the assent of the owners to any future SID, based on benefit, for upgrading the road within the Annie Subdivision, including but not limited to paving, curbs and gutters, non-motorized facilities, street widening and drainage facilities, and may be used in lieu of their signatures on an SID petition. In the event an SID is not utilized for the completion of these improvements, the developer agrees to participate in an alternate financing method for the completion of said improvements on a fair share, proportionate basis as determined by square footage of property, taxable valuation of the property, traffic contribution from the development, or a combination thereof. This waiver shall be a covenant running with the land and shall not expire with the dissolution of the limited liability company, provided however this waiver shall apply to the lands herein described. The terms, covenants and provisions of this waiver shall extend to, and be binding upon the successors-in-interest and assigns of the Landowner. DATED this _____ day of ___________________, 20_____. PROPERTY OWNER: Russel Hosner, LLC, an Oregon limited liability company _________________________________________ By: _____________________ Its: _____________________ STATE OF ____________________ ) )ss. County of _____________________) This instrument was signed or acknowledged before me this ____ day of _________________, 20 ____, by ________________, as _______________ of Russel Hosner, LCC, an Oregon limited liability company. (SEAL) Notary Public for the State of _________ Printed Name:_____________________ Residing at _______________________ My Commission Expires ___/___/20____