HomeMy WebLinkAbout008 - State to bozeman trax partners Lease 2740728 RMRN D=MENTTO, 2740728
mWim Land r*cam" Page 1 of 5 07/09/2021 01:48:23 PM Fee: $50.00
tam W Koch,Bawrftn,UT 5U15
0vderNa_ ,., C ?�-l•,5 Eric Semerad - Gallatin County, MT LEASE
d0a T,WTt deCbVrk8y erry 'I
Prepared By and Return To After Recording:
DNRC Real Estate Management Bureau
P.O. Box 201601
Helena,MT 59620-1601
Memorandum of Commercial Ground Lease for lease Nos:
3072941,3072942,3072943,3072944
THIS MEMORANDUM OF COMMERCIAL LEASE is made effective as of July 9,
2021 (though signed at an earlier date), between THE STATE OF MONTANA BY AND
THROUGH THE STATE BOARD OF LAND COMMISSIONERS IN TRUST FOR
COMMON PUBLIC SCHOOLS ("Lessor"), whose address is P.O. Box 201601, Helena, MT
59620-1601, and Bozeman TRAX Partners, LLC, ("Lessee"), having an address of 5148 US
Highway 89 S, Livingston MT. 59047.
RECITALS OF FACT
A. Lease: Lessor and Lessee entered into those certain Commercial Lease Agreements dated
effective July 9, 2021 (the "Commercial Lease"), in which Lessor leased to Lessee that
certain real property consisting of a total of approximately 87.4-acres located on IS 5E
36 — consisting of Area 3, 4, 5, and 6 on Certificate of Survey 3019. See Exhibit A for
full legal description of the leased tracts and Exhibit B for Certificate of Survey.
B. Term: Subject to the terms, covenants, conditions and provisions of this Lease, Lessor
leases to Lessee and Lessee leases from Lessor the Land for the Term of 30 year starting
as of the Commencement Date of the original leases as assigned. August 1, 2019 —
February 28,2050.
C. Assi ent: Lessee shall not assign its interest under this Lease, in whole or in part,
without Lessor's prior written consent. Such consent shall be determined in Lessor's sole
and absolute discretion.
D. Use of Premises: Lessee shall use the Premises in a manner that does not reduce the value
of the Land. The Lessee agrees to comply with all applicable laws, rules, and regulations
in effect upon the Commencement Date of this Lease and those laws, rules, and
regulations which may be enacted or adopted thereafter from time to time, and which do
not impair or impede the obligations of this Lease, and which do not deprive the Lessee
of an existing property right recognized by law. Lessee shall keep the Premises in good
repair, including necessary repairs to the interior, exterior and structure of any Buildings,
mowing of grass and general landscaping, and contract for the same in Lessee's own
name and pay all costs and expenses in connection therewith. Lessee shall not commit
waste or permit impairment or deterioration of the Premises, ordinary wear and tear and
damage by casualty and condemnation excepted.
E. Indemnification: Lessee agrees to defend (with attorneys reasonably satisfactory to
Lessor), protect, indemnify and hold harmless Lessor from and against any and all
liabilities, obligations (including removal and remedial actions), losses, damages
SLC-7511391-1 Memorandum of Ground Lease-3072941, 3072942, 3072943,3072944
2740728 Page 2 of 5 07/09/2021 01 :48:23 PM
penalties, actions,judgments, suits, claims, costs, expenses and disbursements (including
reasonable attorneys' and consultants' fees and disbursements) of any kind or nature
whatsoever that may at any time be incurred by, imposed on or asserted against Lessor
directly or indirectly based on, or arising or resulting, in whole or in part, from: (i) the
administration by Lessee of these Leases; (ii) the requirement that Lessor execute as the
owner of the Land any instrument required by local government code, ordinance,
regulation or law; (iii) the actual or alleged presence of Hazardous Substances on the
Premises Released by Lessee or anyone acting by, through or under Lessee in any
quantity or manner which violates Environmental Law, or the removal, handling,
transportation, disposal or storage of such Hazardous Substances by Lessee or anyone
acting by, through or under Lessee; or any Environmental Claim with respect to Lessee
or the Premises resulting from a Release by Lessee or anyone acting by, through or under
Lessee regardless of when such indemnified matters arise.
F. Abstract of Lease: This Memorandum is an abstract of the Commercial Leases between
Lessor and Lessee prepared in accordance with Mont. Code Ann.§ 70-21-101 and shall
neither enlarge nor diminish the obligations or rights of any party to said Commercial
Leases. A full and complete copy of the Commercial Leases can be obtained from Lessor,
without cost, upon request.
G. Counterparts: This Memorandum may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which shall constitute one and the same
agreement.
LESSOR,ST TE OF MONTANA,DNRC:
V�
Ryan Weiss; B reau Chief
DNRC Real Estate Bureau
STATE OF MONTANA )
ss:
COUNTY OFF
The foregoing instrument was acknowledged before me this day of i.,'',`iJL, 20 U 1 by Ryan
Weiss; Real Estate Management Bureau Chief,State of Montana, DNRC. 4
V
Witness my hand and official seal,
My commission expires: Z
I T°
1 � i
R e you HEATHER E NOEL
r aQ,TA Ri9� NOTARY PUBLIC for the Notary Public
State of M ory
ottana
SEAL. Residing at Helena,Montana
My Commission Expires
August 11,2021
SLC-7511391-1 Memorandum of Ground Lease-3072941, 3072942,3072943,30729"
2740728 Page 3 of 5 07/09/2021 01 :48:23 PM
EXHIBIT A
Lease# 3072941 —
Area 3 as shown on Certificate of Survey No.3019, located in the Southwest one-quarter and the
Southeast one-quarter of Section 36,Township 1 South, Range 5 East, Principal Meridian Montana, City
of Bozeman,Gallatin County, Montana,according to the official plat thereof on file and of record in the
office of the County Clerk and Recorder of Gallatin County, Montana.
Lease#3072942—
Area 4 as shown on Certificate of Survey No.3019, located in the Southwest one-quarter and the
Southeast one-quarter of Section 36,Township 15outh, Range 5 East, Principal Meridian Montana, City
of Bozeman,Gallatin County, Montana,according to the official plat thereof on file and of record in the
office of the County Clerk and Recorder of Gallatin County, Montana.
Lease#3072943 —
Area 5 as shown on Certificate of Survey No.3019, located in the Southwest one-quarter and the
Southeast one-quarter of Section 36,Township 1 South, Range 5 East, Principal Meridian Montana,City
of Bozeman,Gallatin County, Montana,according to the official plat thereof on file and of record in the
office of the County Clerk and Recorder of Gallatin County, Montana.
Lease# 3072944—
Area 6 as shown on Certificate of Survey No.3019,located in the Southwest one-quarter and the
Southeast one-quarter of Section 36,Township 1 South, Range 5 East, Principal Meridian Montana,City
of Bozeman,Gallatin County, Montana,according to the official plat thereof on file and of record in the
office of the County Clerk and Recorder of Gallatin County, Montana.
SLC-751 1391-t Memorandum of Ground Lease-3072941,3072942,3072943,3072944
2740728 Page 4 of 5 07/09/2021 01 :48:23 PM
EXHIBIT B
CERTIFICATE OF SURVEY No. 3019
FOR NORTH PARR DEVELOPMENT MASTER SITE PLAN,
LOCATED IV THE SOLTHWEST ON"VARTER AND THE SOLTHEAST ONE�t:ARTER OF SECTION 74
TOWNSHIP I SOUTH,RANGE 5 EAST,PRINCIPAL MERIDIATi MONTX
Cm OF SOZEMA IN COUNTY,MONTANA
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MuFICATE OF St:R',Wxo. 3019
rm-NOICta FkRK DEVFLOPNM-r NUSTMWEPLAN.
LOCATED IN nmSOCTIM-M, ONE-QUARTFR AND THE.SMTAL%ST ONE-QUARTER OF$EcnO%.'x
TO%NS9M I SOUTEL RANGE StA3T.PRINCIPAL MERIDIAN
'Mmul.CALLATIN -N,mONTAN CITY(13:IIL COLS
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