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HomeMy WebLinkAbout22- Annexation Agreement - West University PropertiesInter-officeOriginalto: CityofBozeman CityClerk PO Box 1230 Bozeman,MT 549771-1230 2793488 L'irs J-cJ2R?¿²!²²ît°4°³ ""'®ªMS'°° llllilllllllllllllll!lllllllllllllllllllllll|lllllllllillllllllllllillllllllllllllllllllll WEST UNIVERSITY PROPERTIES ANNEXATION AGREEMENT THIS AGREEMENT made and enteredintothis 15 day of Al0VCrrlbu ,2022, by and between the CITY OF BOZEMAN,a self-governingmunicipal corporationorganized and existingunder itsCharterand the laws of the Stateof Montana with officesat 121 N.Rouse Avenue, Bozeman,Montana 59771-0640,hereinafterreferredtoas "City",and West University,LLC,113 East Oak Street,Suite4A,Bozeman,MT 59715 hereinafterreferredto as "Landowner".The effectivedate of thisAgreement shallbe the date upon which the Bozeman City Commission adopts a resolution creatingthe West UniversityPropertiesand authorizingexecutionof thisAgreement. WITNESSETH: WHEREAS,Landowner isowner in fee of a tractof certainrealproperty,hereinafterreferred to as the WEST UNIVERSITY PROPERTIES ANNEXATION or "Property"situatedin Gallatin County,Montana,and more particularlydescribedas follows: An areaof land comprised describedas follows: A tractof Land encompassing a portionof Lot 2A of Minor SubdivisionNo.191B,excepting out Lot 1A of Minor Subdivision503 A,locatedwithinthe South EastOne Quarter of Section 14,Town ship2 South,Range 5 East,Principalof Meridian Montana,GallatinCounty, Montana,and more particularlydescribedas follows: WEST UNIVERSITY PROPERTIES AnnexationAgreement i Beginning at a point (P.O.8),which isthe One Quarter Corner common to Section 14 and 23 and upon the centerlineof West Stucky Road;thence,Leaving saidcenterline,N 01"12'35"E, a distanceof30.00 feettoa pointon theNorth Easement Line of saidStucky Road;thence,along saidEasement Line,S 88"13'47"E,a distanceof 146.63 feettoa point;thence,Leaving said Easement Line,N 01"12'35"E,a distanceof 2298.03 feetto a point;thence,S 88"55'43"E, a distanceof 1323.98 feetto a point;thence,S 09"43'14"W,a distanceof 1032.74 feetto a point on the centerlineof West Kagy Blvd.;thence,along saidcenterline,S 88'33'49"E,a distanceof 733.36 feetto a point;thence,Leaving saidcenterline,S 07"19'59"W,a Distance of 222.12 feetto a point;thence,S 28"55'08"W,a distanceof 77.03 feetto a point;thence,S 46"16'01"W,a distanceof 79.96 feetto a point;thence,S 00"37'20"W,a distanceof 89.39 feetto a point;thence,S 88"37'39"E,a distanceof 566.00 feettoa pinton the West ROW of South 19thavenue;thence,along saidWest ROW,S Ol'3S'23"W,a distanceof 893.4S feet to a pointon saidROW,the intersectionof the centerlineof said West Stucky road and the line common on to said sections14 and 23;thence,leavingsaidROW and continuingalong said sectionlineand thecenterlineof saidWest Stucky road,N 88"13'47"W,a distanceof 2496.12 feetto the P.O.B. Said area being 4,166,466 squarefeetor 95.65 acresmore or less,along with and subjectto all easements of record. All as depictedon the WEST UNIVERSITY PROPERTIES Annexation Map. WHEREAS,the Landowner petitionedtheCity forannexation to the City of saidtractof land; and WHEREAS,the WEST UNIVERSITY PROPERTIES isnot within the corporatelimitsof the City or othermunicipalityand may thereforebe annexed to the City in accordance with the provisions of thisAgreement and Title7,Chapter 2,Part46,Mont.Code Ann.;and WHEREAS,allpartiesrecognize the annexation of the WEST UNIVERSITY PROPERTIES pursuant to Section 7-2-4601,et seq.,Mont.Code Ann.will allow the WEST UNIVERSITY PROPERTIES toconnect toand utilizeCityservices,includingmunicipal water and sewer service,parks and recreation,fireand policeservices,and the City'stransportationsystem;and WHEREAS,Section 7-2-4610,Mont.Code Ann.provides thata municipalityand landowner can agree tothe provisionsof servicestothe areatobe annexed;and WEST UNIVERSITY PROPERTIES AnnexationAgreement 2 WHEREAS,the parties recognize additionaldevelopment on the WEST UNIVERSITY PROPERTIES willimpact areaparks,recreation,transportation,police,and fireservices,and thatfuture improvements may requireadditionalpublicinfrastructurestreetimprovements includingtransportation fortrafficcirculationand theprovisionsof parks,recreation,police,and fireservices;and WHEREAS,the Landowner findsthisAgreement willprovide forthe most satisfactoryand dependable water supply and sewer supply or service,and provide transportation,parks,recreation, policeand fireservicefordevelopment of the WEST UNIVERSITY PROPERTIES ;and WHEREAS,thepartieshave determined thatitisinthebestinterestsof theCityand Landowner, and in furtheranceofthe publichealth,safetyand welfareof thecommunity to enterintoand implement thisAgreement. W IT N E S S E T H: IN CONSIDERATION of the mutual covenants and agreements hereincontained,the parties heretoagree as follows: 1.Recitals The above recitalsare trueand correct. 2.Annexation The Landowner filedan applicationforannexation of the WEST UNIVERSITY PROPERTIES with the City on November 3,2021.By execution of thisAgreement,the City manifestsitsintentto annex the WEST UNIVERSITY PROPERTIES tractpursuant to the terms and conditionsof this Agreement.Subject to the provisionsof Title7,Chapter 2,Part46,Mont.Code Ann.the City shall, upon execution of thisAgreement,adopt a Resolution of Annexation of the WEST UNIVERSITY PROPERTIES.Further,upon the execution of thisAgreement,the Landowner shalldo allthings WEST UNIVERSITY PROPERTIES AnnexationAgreement 3 requiredby thisAgreement and allthingsnecessaryand proper to aid and assisttheCity incarryingout the terms,conditionsand provisions of thisAgreement and to effectthe annexation of the WEST UNIVERSITY PROPERTIES. 3.Services Provided The City will,upon annexation,make availableto the WEST UNIVERSITY PROPERTIES existingCity servicesonly to theextentcurrentlyavailable,or as provided inthisAgreement. 4.Municipal Water Service Defined The term "municipal water service"as isused in thisAgreement shallbe the servicewhich is suppliedby the City inaccordance with Chapter 40,Article2,Bozeman Municipal Code,as amended, as well as any otherterms and conditionswhich apply to the City'sprovisionof municipal water service but does not includetheextensionof linesor constructionof necessaryimprovements atany costto the City for deliveryof water to and within the WEST UNIVERSITY PROPERTIES.Nothing in this Agreement shallobligatethe City to pay for right-of-wayacquisition,engineering,construction,and other costsforthe deliveryof water to or within the WEST UNIVERSITY PROPERTIES to include, but not limitedto,any impact fees,hook-up,connection,or development charges which have been or may be establishedby theCity. 5.Municipal Sewer Service Defined The term "municipal sewer service"as isused in thisAgreement shallbe the servicewhich is suppliedby the City inaccordance with Chapter 40,Article3,Bozeman Municipal Code,as amended, as well as any otherterms and conditionswhich apply to theCity'sprovisionof thisservicebut does not includethe extensionof linesor constructionof necessary improvements at any cost to the City for collectionof sewage atand withinthe WEST UNIVERSITY PROPERTIES.Nothing inthisAgreement shallobligatethe City to pay forright-of-wayacquisition,engineering,construction,and othercostsfor WEST UNIVERSITY PROPERTIES AnnexationAgreernent 4 thecollectionof sewage servicesto or withinthe WEST UNIVERSITY PROPERTIES to include,but not limitedto,any impact fees,hookup,connection,or development charges which may be established by the City. 6.Water and Sewer Connections Landowner understands and agrees that water and sewer servicesmust be constructed in accordance with design and specificationsapproved by theCity priorto the installationof thewater and sewer lines.Landowner must contacttheCity Water and Sewer Divisiontoobtaindetailsof construction requirements.Landowner furtherunderstandsand agreesthatpriorto connection totheCity water and sewer system,any existing on-site sewage treatment system must be properly abandoned and certificationprovided to the City Water and Sewer Division that the abandonment occurred.The Landowner must reporttheabandonment totheGallatinCity County Health Department.Inadditionto abandonment of theseptictank and leach field,the applicantmust demonstrate thatany sanitarysewer line has been completely disconnected from any existingseptic system prior to the Landowner connecting the to theCity sanitarysewer system. Any wells presentlyused for domestic purposes may be retainedfor irrigationonly,with no physical connection to municipal domestic water piping.Certificationthat there is no physical connection between any on-sitewell and a domestic water linecoming from the City'swater supply must be provided.The City Water and Sewer Divisionmay perform an inspectionof the propertyand certifythat the disconnection of the well and septicsystem abandonment are properly completed. Landowner understands and agrees that ifLandowner failsto properly abandon any existingseptic system and/orfailstodisconnectany existingwellfrom thedomestic water pipingas requiredhereinthe City may upon ten day's writtennoticeto the Landowner terminatewater and/or sewer servicesto the property.Costs of alldisconnectsand/or subsequent reconnectsshallbe borne by Landowner. WEST UNNERSffY PROPERTIES AnnexationAgreement 5 7.Water Rights The Landowner specificallyrecognizesand agreesthatprovisionsforwater rightsor cash in-lieu of water rightsshallbe provided upon furtherdevelopment or subdivisionof thepropertyinaccordance with Section38.410.130,Bozeman Municipal Code and as may be amended.The amount of water rights or cash-in-lieuthereofdue at the time of furtherdevelopment or subdivisionof the propertywillbe calculatedbased on the annual demand forvolume of water the development willrequiremultipliedby themost currentannual unitpriceineffecton thedatethe water rightsaretransferredorpayment-in-lieu of water rightsisto be made tothe City.As such,the Landowner acknowledges thatthe ratesforcash in-lieuof water rightsmay increaseover time as establishedby Resolutionof theCityCommission.The Landowner must perform a water rightssearchtodetermine ifany existforthisproperty.The Landowner must transferany water rightsthatexistforthispropertyto the City of Bozeman priorto development thatthe City of Bozeman determines are usefulforcitypurposes.Ifinsufficientwater rightsexist,the Landowner must pay cash in lieuof water rights,inan amount determined by the Directorof Utilities, priortodevelopment. 8.Comprehensive Water and Water Design Report Priortofuturedevelopment of thepropertytheCitymay requirethe Landowner tohave prepared by a ProfessionalEngineer,at Landowner's sole expense,a comprehensive design reportevaluating existingcapacityof sewer and water utilitiesinthe area.The reportmust includehydraulicevaluations of each utilityforboth existingand post-development demands,and thereportfindingsmust demonstrate adequate capacityto serve the fulldevelopment of the land.Ifadequate infrastructurecapacityisnot availableforthe proposed development,the reportmust identifynecessarywater or wastewater system improvements necessary forthe proposed development.Ifimprovements to thiswater or wastewater system are necessary,the Landowner agrees prior to development of the WEST UNIVERSITY WEST UNTVERSITY PROPERTIES AnnexationAgreement 6 PROPERTIES to complete,at Landowner's expense,the necessary system improvements to serve the proposed development. 9.Future Development Limitations The Landowner shallbe responsibleforinstallingallfacilitiesrequiredtoprovide fullmunicipal servicestothepropertyinaccordance with theCity'sInfrastructureMaster Plansand allCityregulations, policiesand guidelinesthatmay be in effectat the time of any futuredevelopment.Thus,Landowner understandsand agrees Landowner has no right,eithergrantedor implied,foritto furtherdevelop any of the WEST UNIVERSITY PROPERTIES untilitisverifiedby the City thatthenecessarymunicipal services,includingbut not limitedtopoliceand fireprotection,parksand recreation,transportation,and sewer and water capacity,are availableto allor a portionof the WEST UNIVERSITY PROPERTIES. Notice isthus provided to the Landowner thatpriorto additionaldevelopment of the property,the Landowner will be solelyresponsiblefor installing,at Landowner's sole expense,any facilitiesor infrastructurerequiredto provide fullmunicipal servicestothe WEST UNIVERSITY PROPERTIES in accordance with theCity'sinfrastructureplans,adopted Growth Policies/Community Plans,and allother cityregulations,policiesand guidelinesthatmay be ineffectatthetime of development. 10.Stormwater Master Plan Landowner understands and agrees a Stormwater Master Plan for the WEST UNIVERSITY PROPERTIES fora system designed toremove solids,oils,grease,and otherpollutantsfrom therunoff from publicstreetsand other impermeable surfacesmay be requiredto be provided to and approved by the City Engineer at the time of any futuredevelopment in accordance with Chapter 40,Article3, Bozeman Municipal Code,as amended,as well as any other terms and conditionswhich apply to the City'sprovisionof thisservice.The plan must demonstrate thatadequate treatmentofrunofffrom public streets,other impermeable surfaces,and allfuturelotswillbe achieved by providing spot elevations, WEST UNIVERSrIY PROPERTIES AnnexationAgreernent 7 flow directionarrows,detentionand/or retentionbasin details(includingbasin sizingcalculationsand basin typicalsections),outletstructuredetails,and culvertcapacitycalculations.The plan must also locate and provide easements for adequate drainage ways within the WEST UNIVERSITY PROPERTIES to transporttreatedrunoff to the stormwater receivingchannel.The plan shallinclude sitegrading and elevationinformation,typicalstormwater detention/retentionbasin and discharge structuredetails,basinsizingcalculations,and stormwater maintenance plan.Landowner recognizesthe Citymay requiresuch Stormwater Master Plan tobe implemented inallor partasa conditionof approval of development of the WEST UNIVERSITY PROPERTIES. 11.Waiver of Right-to-ProtestSpecial Districts A.Landowner shallexecute a Waiver of Right-to-ProtestCreationof SpecialImprovement Districtsor Special Districtsfor streetand transportationimprovements including design and engineering,paving and subsurface improvements,curb and gutter,sidewalk,stormwater drainage facilitiesfor: a.Streetimprovements to West Lincoln Streetbetween South 19thAvenue and Fowler including lighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. b.Streetimprovements to West Kagy Blvd between South 19thAvenue and South Fowler Road includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. c.Streetimprovements to West Stucky Road between South 19thAvenue and South Fowler Road includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. d.Streetimprovements to West Graf Streetbetween South 19thAvenue and South Fowler Road includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. e.Streetimprovements to South 19thRoad between West Lincoln Streetand West Graf Street includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. f.Streetimprovements to South 27thStreetbetween West Lincoln Streetand West Graf Street includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. g.Streetimprovements to South Fowler between West Lincoln Streetand West Graf Street includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. WEST UNIVERSnY PROPERTIES AnnexationAgreement 8 The Landowner agreessuch SID or specialdistrictswillprovide a mechanism forthefairand equitable assessment of constructionand maintenance costsforsuch improvements.The waiver isattachedhereto as Exhibit"A"and ishereby incorporatedinand made a partof thisAgreement. B.Landowner shallexecute a Waiver of Right-to-ProtestCreation of Special Improvement Districts("SID")or SpecialDistrictsforIntersectionimprovements includinglighting,signalizationand channelization,paving,curb/gutter,sidewalk,and storm drainage for: a.Intersectionimprovements atWest Lincoln Streetand South 19*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. b.Intersectionimprovements atWest Lincoln Streetand South 27thAvenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. c.Intersectionimprovements atWest Lincoln Streetand South Fowler Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. d.Intersectionimprovements atWest Kagy Blvd and South 19*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. e.Intersectionimprovements atWest Kagy Blvd and South 27*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. f.Intersectionimprovements atWest Kagy Blvd and South Fowler Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. g.Intersectionimprovements at Stucky Road and South 19thAvenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. h.Intersectionimprovements at Stucky Road and South 27thAvenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. i.Intersectionimprovements at Stucky Road and South Fowler Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. j.Intersectionimprovements at West Graf Streetand South 19*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. k.Intersectionimprovements at West Graf Streetand South 27*Avenue including lighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. 1.Intersectionimprovements at West Graf Streetand South Fowler Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. WEST UNIVERSnY PROPERTIES AnnexationAgreernent 9 The Landowner agrees such SID or specialdistrictswillprovide a mechanism forthefairand equitable assessment of constructionand maintenance costsforsuch improvements.The waiver isattachedhereto as Exhibit"B"and ishereby incorporatedinand made a partof thisAgreement. C.Landowner agrees thatin the event an SID isnot utilizedfor the completion of these improvements as described in subsectionsA and B above,the Landowner shallparticipatein an alternativefinancingmethod forthecompletion ofsaidimprovements on a fairshare,proportionatebasis as determined by theCity on thebasisofthesquarefootageof property,taxablevaluationoftheproperty, trafficcontributionfrom the development or a combination thereof. 12.Public Streetand UtilityEasements The Landowner understandsand agreesthata publicstreetand utilityeasement must be provided atthetime Landowner returnsthesigned annexationagreement fortheportionof West Kagy Boulevard thatisadjacentto itsProperty,which isclassifiedas a PrincipalArterialinthe Bozeman Transportation Master Plan (TMP),which has a minimum right-of-way("ROW")width of one hundred twenty (120) feet. The Landowner must provide itsrespectiveWest Kagy Boulevard ROW section from the centerlineof the existingROW or the entiresection(ifthe streetsectionresideswithin the proposed annexation area)as a publicstreetand utilityeasement where West Kagy isadjacenttothe Property. The Landowner understandsand agreesthata publicstreetand utilityeasement must be provided atthetime Landowner returnsthesigned annexationagreement foritsrespectiveportionof West Stucky Road,which isclassifiedas a Collectorin the Bozeman (TMP),which has a minimum ROW width of ninety(90)feet.The applicantmust provide itsrespectiveWest Stucky Road ROW sectionfrom the centerlineof the existingROW or the entiresection(ifthe streetsectionresideswithin the proposed WEST UNIVERSITY PROPERTIES AnnexationAgreement 10 annexationarea)asa publicstreetand utilityeasement where West Stucky Road isadjacenttothesubject property. The Landowner,atitssoleexpense,has createdsuch easements ina locationand form agreeable to the City and the easements will be filedat the GallatinCounty Clerk and Recorder's Office.The Landowner furtherunderstands and agrees thatadditionalpublic streetand utilityeasements may be requiredfor deliveryof municipal serviceswith futuredevelopment,and in such event,the easement shallbe provided atthe Landowner's soleexpense. 13.Street Improvements The Landowner understands and agrees thatat the time of futuredevelopment the portionof West Stucky Road and West Kagy Boulevard and itsrelatedtransportationinfrastructurefrontingthe WEST UNIVERSITY PROPERTIES must be improved toa Citystandard.The Citymay allow phasing of streetimprovements coordinatedwith development areas. 14.Impact Fees Landowner acknowledges thatannexation and development of theirproperty will impact the City'sexistingstreet,water and sewer infrastructure,and the City'sfireservice.As approved by the City,the Landowner and itssuccessorsmust pay: A)Fireimpact feesequal to the amount per Chpt.2,Art.6.Div.9 BMC,or as amended,at time of issuanceof a buildingpermit. B)Transportationimpact fees equal to the amount per Chpt.2,Art.6.Div.9 BMC,or as amended,attime of issuanceof a buildingpermit. C)Water impact feesas requiredby Chpt.2,Art.6.Div.9 BMC,oras amended,atthetime of connection to citywater services. D)Sewer impact feesas requiredby Chpt.2,Art.6.Div.9 BMC,or asamended,atthetime of connection to citysewer services. The amount of impact fee the Landowner or itssuccessorspay forconnection to the city'swater and sewer services,ifany,shallbe calculatedbased on the provisionsof the Bozeman Municipal Code, as amended,in effectat the time of applicationfora permit to connect.The amount of streetor fire WEST UNIVERSITY PROPERTIES AnnexationAgreement i1 impact feesto be paid,ifany,shallbe calculatedbased on the provisionsof the Bozeman Municipal Code,as amended,ineffectatthetime an applicationforbuildingpermit issubmitted. Nothing in thisAgreement shallbe construed to abridge Landowner's rights,under Chapter 2, Article6,Division 9 of the Bozeman Municipal Code,to apply for,claim or assertcredits,exemptions or refundsfrom theimpositionof impact fees. Landowner furtherunderstands and agrees that any improvements,eitheron-siteor off-site, necessaryto provide connection of the WEST UNIVERSITY PROPERTIES to municipal servicesand which are wholly attributableto the Property as determined exclusivelyby the cityare considered "projectrelatedimprovements"as definedinChapter 2,Article6,Division9,Bozeman Municipal Code, as amended,and as such,arenot eligibleforimpact fee credits. IfLandowner defaultson thisconditionat the time such isto be performed,and should default not be remedied or correctedwithin thirty(30)days afterwrittennoticeby City to the Landowner and Landowner/Developer of such default,City may atitsoption: A)Declare theamounts owing forimpact feesimmediately due and payableand City shallhave therightand privilegetotake legalactionagainstLandowners forthe collectionof such sum,includingtheentryof any judgment.Inaddition,theCity may,atitsoption,enforcepayment of such amount by levyingan assessment on the property. B)Electany otherremedy availabletoCity under the laws of theStateof Montana. 15.Charges and Assessments Landowner understands and agrees that after this Agreement is recorded the WEST UNIVERSITY PROPERTIES willbe subjectto City charges and assessments forarterialand collector streets,streetmaintenance,and treemaintenance on the same basisas allotherpropertiesintheCity. WEST UNIVERSITY PROPERTIES AnnexationAgreement 12 16.Additional Terms The partiesrecognizethesedocuments must be filedand of recordwith theGallatinCounty Clerk and Recorder priorto the saleof any landwithinthe WEST UNIVERSITY PROPERTIES.The parties furtheragree thatthe City may filethesedocuments atany time. 17.Governing Law and Venue This agreement shallbe construed under and governed by the laws of the stateof Montana.In the event of litigation,venue isinthe EighteenthJudicialDistrictCourt,inand forCounty of Gallatin, Stateof Montana. 18.Attorney's Fees In the event itbecomes necessary for eitherpartyto thisAgreement to retainan attorneyto enforce any of the terms or conditionsof thisAgreement,then the prevailingpartyshallbe entitledto reasonableattorney'sfeesand costs,to includethe salaryand costsof in-house counsel includingCity Attorney. 19.Waiver No waiver by eitherparty of any breach of any term,covenant or agreement shallbe deemed a waiver of the same or any subsequent breach ofthissame or any otherterm,covenant oragreement.No covenant,term or agreement shallbe deemed waived by eitherpartyunlesswaived inwriting. 20.InvalidProvision The invalidityor unenforceabilityof any provisionof thisagreement shallnot affectthe other provisions hereof,and this Agreement shall be construed in all respects as if such invalidor unenforceableprovisionwere omitted. WEST UNIVERSITY PROPERTIES AnnexationAgreement 13 21.Modifications or Alterations No modificationsor amendment of thisAgreement shallbe validunlessevidenced by a writing signed by thepartieshereto. 22.No Assignment Itis expressly agreed thatthe Landowner and/or Landowner/Developer shallnot assign this Agreement inwhole or inpartwithout priorwrittenconsentof the City. 23.Successors This Agreement shallbe binding upon,inureto the benefitof and be enforceableby the parties heretoand theirrespectiveheirs,successorsand assignsand specificallytoany subsequent purchaserof the annexed property. 24.Covenants to Run with the Land The partiesintend thatthe terms of thisAgreement shallbenefitthe WEST UNIVERSITY PROPERTIES and shallbe covenants running with the land and shallnot expireattheirdeathsor upon transferof ownership of the property. The undersigned Landowner affirmsthatthey have authoritytoenterintothisAgreement and to bind themselves to thisAgreement. WEST UNIVERSrfY PROPERTIES AnnexationAgreement 14 IN WITNESS WHEREOF,thepartiesheretohave caused thisagreement to be executed theday and year firstabove written. DATED this day of Ád ,2022. NDO NER es U sity,LLC By:rry own Title:Managing Member STATE OF MONTANA ) :ss COUNTY OF GALLATIN ) On this \day of kU304 ,2022,beforeme,the undersigned,a Notary Public fortheStateof Montana,personallyappeared Barry Brown,known to me to be the Managing Member of West University,LLC and the Landowner thatexecuted thewithininstrument,and acknowledged to me thatthey executed the same forand on behalfof landowner. IN WITNESS WHEREOF,Ihave hereunto setmy hand and affixedmy officialsealtheday and year firstabove written. (SEAL) yg ,HANNAH N MITCHELL ,,Nowy PubHc Notary Publicforthe Stateof Montana no ontana Residing at &n 6 +-- RA Munhattan,Montana My Com.mission Expires:085 ,Expires (Use 4 digitsforexpirationyear) WEST UNIVERSnY PROPERTIES AnnexationAgreement 15 CITY OF BOZEMAN B :ihelich,City Manager ATTEST:... 883 Mike Maas,City Clerk STATE OF MONTANA ) :ss COUNTY OF GALLATIN ) On this 1(o day of N OVffYi DP Y ,2022,beforeme,a Notary Publicforthestate of Montana,personallyappeared JeffMihelich and Mike Maas,known to me to the personsdescribed inand who executed the foregoinginstrumentas InterimCity Manager and City Clerk respectively,of theCity of Bozeman,whose names are subscribedto thewithininstrumentand acknowledged tome thattheyexecuted thesame forand on behalfof saidCity. IN WITNESS WHEREOF,Ihave hereunto setmy hand and affixedmy officialsealthe day and year firstabove written. (SEAL) 'TTA d l0V W [ÀYY)Í)lVT (PrintedName Here) "TAYLOR CHAMBERS Notary Publicforthe Stateof Montana iforthestat o ontana Residing at h67 PJY1G Residingat:My Commission Expires:O 2|1025 mm nE p es:(Use 4 digitsforexpirationyear) WEST UNIVERSITY PROPERTIES AnnexationAgreement 16 EXHIBIT "A" WAIVER OF RIGHT TO PROTEST CREATION OF SPECIAL IMPROVEMENT DISTRICTS WEST UNIVERSITY PROPERTIES ANNEXATION The undersigned owner ("Landowner")of the realpropertysituatedinthe County of Gallatin, Stateof Montana,and more particularlydescribedas follows: A tractof Land encompassing a portionof Lot 2A of Minor SubdivisionNo.191B,excepting out Lot lA of Minor Subdivision503 A,locatedwithinthe South EastOne Quarterof Section 14,Town ship2 South,Range 5 East,Principalof Meridian Montana,GallatinCounty, Montana,and more particularlydescribedas follows: Beginning ata point(P.O.B),which isthe One Quarter Corner common to Sections 14 and 23 and upon the centerlineof West Stucky Road;thence,Leaving saidcenterline,N 01"12'35"E, a distanceof 30.00 feettoa pointon theNorth Easement Line of saidStucky Road;thence,along saidEasement Line,S 88"13'47"E,a distanceof 146.63 feetto a point;thence,Leaving said Easement Line,N 01"12'35"E,a distanceof 2298.03 feettoa point;thence,S 88"55'43"E, a distanceof 1323.98 feetto a point;thence,S 09"43'14"W,a distanceof 1032.74 feetto a point on the centerlineof West Kagy Blvd.;thence,along said centerline,S 88'33'49"E,a distanceof 733.36 feetto a point;thence,Leaving saidcenterline,S 07"19'59"W,a Distance of 222.12 feetto a point;thence,S 28"55'08"W,a distanceof 77.03 feettoa point;thence,S 46"16'01"W,a distanceof 79.96 feetto a point;thence,S 00"37'20"W,a distanceof 89.39 feetto a point;thence,S 88"37'39"E,a distanceof 566.00 feetto a pinton the West ROW of South 19th avenue;thence,along said West ROW,S Ol'3S'23"W,a distanceof 893.4S feet to a pointon saidROW,the intersectionof the centerlineof saidWest Stucky road and theline common on to said sections14 and 23;thence,leaving said ROW and continuingalong said sectionlineand thecenterlineof saidWest Stucky road,N 88"13'47"W,a distanceof 2496.12 feettotheP.O.B. Said area being 4,166,466 square feetor 95.65 acresmore or less,along with and subjectto all easements of record.("Property") All as depictedon the WEST UNIVERSITY PROPERTIES Annexation Map. IN CONSIDERATION of receivingapproval forannexation of the Propertyfrom the City of Bozeman,along with accompanying rightsand privilegesand forotherand valuableconsideration,the receiptof which ishereby acknowledged,and inrecognitionof thetransportationimpacts to: a.Streetimprovements to West Lincoln Streetbetween South 19*Avenue and Fowler WEST UNNERSFFY PROPERTIES AnnexationAgreernent 17 includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. b.Streetimprovements to West Kagy Blvd between South 19*Avenue and South Fowler Road includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. c.Streetimprovements to West Stucky Road between South 19thAvenue and South Fowler Road includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. d.Streetimprovements to West Graf Streetbetween South 19*Avenue and South Fowler Road includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage, e.Streetimprovements to South 19*Road between West Lincoln Streetand West Graf Street includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. f.Streetimprovements to South 27thStreetbetween West Lincoln Streetand West Graf Street includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. g.Streetimprovements to South Fowler between West Lincoln Streetand West Graf Street includinglighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. which willbe caused by the development of the above-describedProperty,the Landowner has waived and does hereby waive foritself,itssuccessorsand assignsforevertherighttoprotestthecreation of one or more special improvement districtsfor the design and engineering,constructionand maintenance of followingimprovements:forstreetand transportationimprovements includingdesign and engineering,paving and subsurface improvements,curb and gutter,sidewalk,stormwater drainage facilities,broadband,and other dry utilitiesforthe aforementioned streetimprovements. Landowner agrees the City has the sole rightto controlthe design and constructionof such improvements and may include any of the above components and others necessary to ensure such improvements comply with all adopted City infrastructureplans and requirements.Further,the Landowner waives itsrightor to make any writtenprotestagainstthe sizeor area or creationof the districtbe assessedin response to a duly passed resolutionof intentionto createone or more special improvement districts("SID")which would includethe Property. In the eventa SID isnot utilizedforthe completion of theseimprovements,thedeveloperagrees to participateinan alternatefinancingmethod forthe completion of saidimprovements on a fairshare, WEST UNIVERSITY PROPERTIES AnnexationAgreement 18 proportionatebasisas determined by the City on the basisof the square footage of Property,taxable valuationof the property,trafficcontributionfrom the development or a combination thereof. This waiver ismade forthe benefitofthePropertyand shallbe a covenant running with theland. The terms,covenants and provisionsof thiswaiver shallextend to,and be binding upon the successors-in-interestand assignsof the Landowner. WEST UNIVERSrfY PROPERTIES AnnexationAgreement 19 DATED this day of 6 ,2022. L DOWN We t niv s ,LC By:B o Title:anaging Member STATE OF MONTANA ) :ss COUNTY OF GALLATIN) On this |¶day of År yeas4 ,2022,beforeme,the undersigned,a Notary Public fortheStateof Montana,personallyappeared Barry Brown known to me to be the Managing Member of West University,LLC and the landowner thatexecuted the withininstrument,and acknowledged to me thathe executed thesame forand on behalfof Landowner. IN WITNESS WHEREOF,Ihave hereunto setmy hand and affixedmy officialsealthe day and year firstabove written. (SEAL) Ahèrâtt.1 (PrintedNanie Here)Snnd Mika ll N4 HANNAH N CHELL Notary Publicforthe Stateof Montana o a fortheStateofMontana Residing at M og eM,n Aff" Mannat Étana My Commission Expires:Moe h |M.E My commissionexpires (Use 4 digitsforexpirationyear)March1,2o25 WEST UNIVERSITY PROPERTIES AnnexationAgreement 20 EXHIBIT "B" WAIVER OF RIGHT TO PROTEST CREATION OF SPECIAL IMPROVEMENT DISTRICTS WEST UNIVERSITY PROPERTIES The undersigned owner ("Landowner")of the realpropertysituatedinthe County of Gallatin, Stateof Montana,and more particularlydescribedas follows: A tractof Land encompassing a portionof Lot 2A of Minor SubdivisionNo.1 91 B,excepting out Lot 1A of Minor Subdivision503 A,locatedwithinthe South East One Quarterof Section 14,Town ship2 South,Range 5 East,Principalof Meridian Montana,GallatinCounty, Montana,and more particularlydescribedas follows: Beginning ata point (P.O.B),which isthe One Quarter Corner common to Sections 14 and 23 and upon the centerlineof West Stucky Road;thence,Leaving saidcenterline,N 01"12'35"E, a distanceof 30.00 feettoa pointon theNorth Easement Line of saidStucky Road;thence,along said Easement Line,S 88"13'47"E,a distanceof 146.63 feetto a point;thence,Leaving said Easement Line,N 01"12'35"E,a distanceof 2298.03 feetto a point;thence,S 88"55'43"E, a distanceof 1323.98 feetto a point;thence,S 09"43'14"W,a distanceof 1032.74 feetto a pointon the centerlineof West Kagy Blvd.;thence,along said centerline,S 88'33'49"E,a distanceof 733.36 feetto a point;thence,Leaving saidcenterline,S 07"19'59"W,a Distance of 222.12 feetto a point;thence,S 28"55'08"W,a distanceof 77.03 feetto a point;thence,S 46"16'01"W,a distanceof 79.96 feetto a point;thence,S 00"37'20"W,a distanceof 89.39 feettoa point;thence,S 88"37'39"E,a distanceof 566.00 feetto a pinton the West ROW of South 19th avenue;thence,along said West ROW,S Ol'3S'23"W,a distanceof 893.4S feet to a pointon saidROW,the intersectionof the centerlineof saidWest Stucky road and the line cornmon on to said sections14 and 23;thence,leavingsaid ROW and continuingalong said sectionlineand thecenterlineof saidWest Stucky road,N 88"13'47"W,a distanceof 2496.12 feettothe P.O.B. Said areabeing 4,166,466 square feetor 95.65 acresmore or less,along with and subjecttoall easements of record.("Property") All as depictedon the WEST UNIVERSITY PROPERTIES Annexation Map. IN CONSIDERATION of receivingapproval forannexation of the subjectProperty from the City of Bozeman,along with accompanying rights and privilegesand for other and valuable consideration,the receiptof which is hereby acknowledged,and in recognitionof the intersection impacts to: WEST UNIVERSFIY PROPERTIES AnnexationAgreement 21 a.Intersectionimprovements at West Lincoln Streetand South 19thAvenue including lighting,signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. b.Intersectionimprovements at West Lincoln Streetand South 27thAvenue including lighting,signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. c.Intersectionimprovements at West Lincoln Streetand South Fowler Avenue including lighting,signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. d.Intersectionimprovements at West Kagy Blvd and South 19*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. e.Intersectionimprovements at West Kagy Blvd and South 27*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. f.Intersectionimprovements atWest Kagy Blvd and South Fowler Avenue including lighting,signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. g.Intersectionimprovements atStucky Road and South 19thAvenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. h.Intersectionimprovements atStucky Road and South 27*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. i.Intersectionimprovements atStucky Road and South Fowler Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. j.Intersectionimprovements atWest Graf Streetand South 19*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. k.Intersectionimprovements atWest Graf Streetand South 27*Avenue includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. 1.Intersectionimprovements atWest Graf Streetand South Fowler Avenue including lighting,signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. which willbe caused by the development of the Property,the Landowner has waived and does hereby waive foritself,itssuccessorsand assignsforeverthe righttoprotestthecreationof one or more special improvement districtsfor the including lighting,signalization/channelization,paving, curb/gutter,sidewalk,and storm drainage. Landowner agrees the City has the sole rightto controlthe design and constructionof such improvements and may include any of the above components and others necessary to ensure such improvements comply with all adopted City infrastructureplans and requirements.Further,the Landowner waives itsrightor to make any writtenprotestagainstthe sizeor area or creationof the WEST UNIVERSITY PROPERTIES AnnexationAgreernent 22 districtbe assessed in response to a duly passed resolutionof intentionto createone or more special improvement districtswhich would includethe Property. In theeventa SID isnotutilizedforthecompletion oftheseimprovements,theLandowner agrees to participatein an alternatefinancingmethod forthecompletion of saidimprovements on a fairshare, proportionatebasisasdetermined by theCity on the basisof the squarefootageof the Property,taxable valuationof the Property,trafficcontributionfrom the development ora combination thereof. This waiver ismade forthebenefitof the Propertyand shallbe a covenant running with theland. The terms,covenants and provisionsof thiswaiver shallextend to,and be binding upon the successors-in-interestand assignsof the Landowner. WEST UNIVERSITY PROPERTIES AnnexationAgreement 23 DATED this day of ,2022. LA DO ER Wes n sity,LLC tie:µ¼ STATE OF MONTANA ) :ss COUNTY OF GALLATIN) On this /6/day of 4t oc,f-,2022,beforeme,the undersigned,a Notary Public forthe Stateof Montana,personallyappeared Barry Brown known to me to be the Managing Member of West University,LLC and the Landowner thatexecuted thewithininstrument,and acknowledged to me thathe executed thesame forand on behalfof Landowner. IN WITNESS WHEREOF,Ihave hereuntosetmy hand and affixedmy officialsealtheday and year firstabove written. (SEAL) (PrintedNanIe Here)knd MbtikA4/( ,,HANNAH N MITCHELL Notary Publicforthe Stateof Montana s°ta°t °ontana Residing at M ,nkafkoi MT Residirigat:My Commission Expires:(Go96 My ssioExpre :.March1,2025 WEST UNIVERSFfY PROPERTIES AnnexationAgreement 24