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HomeMy WebLinkAbout014 - Waiver of SIDSRETURN RECORDED DOCUMENT TO: City of Bozeman Department of Community Development P.O. Box 1230 Bozeman, MT 59771 WAIVER OF RIGHT TO PROTEST CREATION OF SPECIAL IMPROVEMENT DISTRICTS FOR: 5170 Durston Rd, Smith Subdivision I, the undersigned Owner of the real property situated in the County of Gallatin, State of Montana, and more particularly described as follows: THE PROPERTY DESCRIBED IN DOCUMENT NO. 2602650, AND BEING A PART OF TRACT 6 AND TRACT 7, SMITH SUBDIVISION, LOCATED IN NW 1/4 OF SECTION 11, T. 2 S., R. 5 E. OF P.M.M., CITY OF BOZEMAN, MONTANA IN CONSIDERATION of receiving site plan approval from the City of Bozeman for the Nahorniak Commons Site Plan, 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 Durston Road between Fowler Ave and 19th Ave including lighting, signalization, paving, curb/gutter, sidewalk, and storm drainage. 2. Intersection improvements at Durston Road and Fowler Ave including lighting, signalization/channelization, paving, curb/gutter, sidewalk, and storm drainage. 3. Intersection improvements at Durston Road and 19th Ave including lighting, signalization/channelization, paving, curb/gutter, sidewalk, and storm drainage. 4. Intersection improvements at Durston Road and North 27th Ave including lighting, signalization/channelization, paving, curb/gutter, sidewalk, and storm drainage. Or to make any written protest against the proposed work or against the extent or creation of the districts (SID’s) to be assessed in response to a duly passed resolution of intention to create one or more special improvement districts which would include the above-described property. 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 _____________________, 2022. Grantor: MJN Properties INC. ___________________________________ By: Mark Nahorniak, Owner STATE OF MONTANA ) ) ss. County of Gallatin ) This instrument was signed or acknowledged before me on this ____ day of ________________, 2022, by Mark Nahorniak of MJN Properties INC. _______________________________________ (SEAL) Notary Public for the State of Montana Printed Name: ______________________ Residing at: _______________, _________ My Commission Expires: _____/ _____, 20 ____. O:\Bozeman\Candh\Officedata\CH\19\190527\Applications\Master Site Plan\Submitted To COB_2022.05.18\Working Docs\Waiver Of SIDS.Doc