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HomeMy WebLinkAbout24 - Annexation & Lot Mergers - True North Partners, LLC - Baxter 80Inter-omceæna to:2831896 cityorsozeman g;-s'g,g2_,,g¹gag24 gog+16 PM Fee 76.00 x1230 Bozeman,MT 549771-1230 BAXTER 80 ANNEXATION AGREEMENT THIS AGREEMENT made and enteredintothis \]day of , 2023,by and between the CITY OF BOZEMAN,a self-governingmunicipal corporation organized and existingunder itsCharter and the laws of the Stateof Montana with officesat 121 N.Rouse Avenue,Bozeman,Montana 59771-0640,hereinafterreferredto as "City",and True North Partners,LLC,60 Aajker Creek,Bozeman,MT 59901,hereinafterreferred to as "Landowner". WITNESSETH: WHEREAS,Landowner is owner in fee of a tractof certainrealproperty,hereinafter referredto as the BAXTER 80 ANNEXATION situatedin GallatinCounty,Montana,and more particularlydescribedas follows: An area of land comprised describedas follows: Tract4 of Certificateof Survey 2552,locatedin theNorthwest Quarter of Section 4,Township 2 South,Range 5 East,and the South 50 feetof Tract4 of Certificate of Survey 2672A,being the north 50 feetof the Baxter Lane right-of-way,located in the Southwest Quarter of Section33,Township 1 South,Range 5 East,Principal Meridian,Montana,Gallatin County,Montana,more particularlydescribed as follows: BAXTER 80 Annexation Agreement,Application23208 1 Beginning atthe quartercorner of Sections4,township 2 south,range 5 east,and section33,township 1 south,range 5 east,monumented with an aluminum cap on a S/8-inchrebarin the centerlineof the 100-footright-of-wayof Baxter Lane; thence S0°39'55"W 2640.33 feetalong the eastlineof tract4 of Certificateof Survey 2552 and the centerlineof the 90-footwide right-of-wayof laurelparkway to the southeastcornerof saidtract4 inthe centerlineofthe 125-footright-of-way of West Oak Street; thence S89°18'29"W 1332.34 feetalong the northlineof Laurel Glen Subdivision Phase 2 and the centerlineof West Oak Streettothe southeastcornerof Tract3 of saidCOS 2552; thence N0°45'29"E 2646.92 feetalong the eastlinesof Tract 2 and Tract3 of said COS 2552 to the northeastcornerof saidTract2; thenceN0°45'29"e 50.00 feetalong thewest lineof Tract4 of COS 2672A to the north right-of-waylineof Baxter Lane; thenceN89°35'15"E 1327.92 feetalong saidnorthright-of-waylineto the east lineof saidTract4 of Certificateof Survey 2672A; thence S0°39'55"W 50.00 feetalong saideastlineto thepoint of beginning, containing82.042 acres. SUBJECT to alleasements of recordor apparentfrom visualinspectionof the property. All as depictedon the BAXTER 80 Annexation Map. WHEREAS,theLandowner petitionedthe CityforannexationtotheCity of theBAXTER 80 ANNEXATION;and WHEREAS,the BAXTER 80 ANNEXATION isnot within the corporatelimitsof the City or other municipality and may thereforebe annexed to the City in accordance with the provisionsofthisAgreement and Title7,Chapter 2,Part46,Mont.Code Ann.;and WBEREAS,allpartiesrecognize the annexation of the BAXTER 80 ANNEXATION pursuant to Section 7-2-4601,et seq.,Mont.Code Ann.will allow the BAXTER 80 BAXTER 80 Annexation Agreement,Application23208 2 ANNEXATION to connect to and utilizeCity services,including municipal water and sewer service,parks and recreation,fireand policeservices,and the City'stransportationsystem;and WHEREAS,Section 7-2-4610,Mont.Code Ann.provides that a municipality and landowner can agreetothe provisionsof servicesto the areato be annexed;and WHEREAS,the parties recognize additional development on the BAXTER 80 ANNEXATION willimpact areaparks,recreation,transportation,police,and fireservices,and that future improvements may require additionalpublic infrastructurestreetimprovements includingtransportationfortrafficcirculationand the provisionsof parks,recreation,police,and fireservices;and WHEREAS,the Landowner findsthisAgreement willprovide forthe most satisfactory and dependable water supply and sewer supply or service,and provide transportation,parks, recreation,policeand fireservicefordevelopment oftheBAXTER 80 ANNEXATION;and WHEREAS,the partieshave determined thatitis in the best interestsof the City and Landowner,and in furtheranceof the publichealth,safetyand welfare of the community to enter intoand implement thisAgreement. WI TNE S SE TH: IN CONSIDERATION of the mutual covenants and agreements herein contained,the partiesheretoagree as follows: 1.Recitals The above recitalsaretrueand correct. BAXTER 80 Annexation Agreement,Application23208 3 2.Annexation The Landowner filedan applicationfor annexation of the BAXTER 80 ANNEXATION with the City on February 27,2024.By executionofthisAgreement,the Citymanifestsitsintent to annex the BAXTER 80 ANNEXATION tractpursuant to the terms and conditionsof this Agreement.Subjectto the provisionsof Title7,Chapter 2,Part 46,Mont.Code Ann.the City shall,upon execution of thisAgreement,adopt a Resolution of Annexation of the BAXTER 80 ANNEXATION.Further,upon the executionofthisAgreement,theLandowner shalldo allthings requiredby thisAgreement and allthingsnecessaryand propertoaidand assisttheCityincarrying out the terms,conditionsand provisionsof thisAgreement and to effectthe annexation of the BAXTER 80 ANNEXATION. 3.Services Provided The City will,upon annexation,make availableto the BAXTER 80 ANNEXATION existingCity servicesonly to the extentcurrentlyavailable,or as provided inthisAgreement. 4.Municipal Water Service Defined The term "municipalwater service"as isused in thisagreement shallbe the servicewhich is suppliedby the City in accordance with Chapter 40,Article2,Bozeman Municipal Code,as amended,as well as any other terms and conditionswhich apply to the City'sprovision of municipal water servicebut does not includethe extensionof linesor constructionof necessary improvements at any cost to the City for deliveryof water to and within the BAXTER 80 ANNEXATION.Nothing in this Agreement shallobligatethe City to pay for right-of-way acquisition,engineering,construction,and other costsfor the deliveryof water to or within the BAXTER 80 ANNEXATION to include,but not limitedto,any impact fees,hook-up,connection, or development charges which have been or may be establishedby the City. BAXTER 80 Annexation Agreement,Application23208 4 5.Municipal Sewer Service Defined The term "municipal sewer service"asisused inthisAgreement shallbe the servicewhich is suppliedby the City in accordance with Chapter 40,Article3,Bozeman Municipal Code,as amended,as well as any other terms and conditionswhich apply to the City'sprovision of this servicebut does not includethe extensionof linesor constructionof necessary improvements at any cost to the City for collectionof sewage at and within the BAXTER 80 ANNEXATION. Nothing in thisAgreement shallobligatethe Citytopay forright-of-wayacquisition,engineering, construction,and othercostsforthe collectionof sewage servicesto or within the BAXTER 80 ANNEXATION to include,but not limited to,any impact fees,hookup,connection,or development chargeswhich may be establishedby the City. 6.Water Rights The Landowner specificallyrecognizes and agrees the Landowner must provide water rightsor cash in-lieuof water rightsupon furtherdevelopment or subdivisionof the propertyin accordance with Section 38.410.130,Bozeman Municipal Code.The City will calculatethe amount ofwater rightsor cash-in-lieuthereofdue atthetime of furtherdevelopment or subdivision of the propertybased on the annual demand for volume of water the development willrequire multipliedby themost currentannual unitpriceineffecton the datethewater rightsaretransferred orpayment-in-lieuofwater rightsistobe made tothe City.As such,theLandowner acknowledges thatthe ratesfor cash in-lieuof water rightsmay increaseover time as establishedby Resolution ofthe City Commission.The applicantmust perform a water rightssearchto determine ifany exist forthisproperty.The Landowner must transferany water rightsthatexistforthispropertyto the City of Bozeman priorto development thatthe City of Bozeman determines areusefulfor City BAXTER 80 Annexation Agreement,Application23208 5 purposes.Ifinsufficientwater rightsexist,theLandowner must pay cash inlieuofwater rights,in an amount determined by theDirectorof Public Utilities,priorto development. 7.Comprehensive Water and Wastewater Design Report Priorto futuredevelopment of the propertythe City may requirethe Landowner to have preparedby a ProfessionalEngineer,atLandowner's soleexpense,a comprehensive designreport evaluatingexistingcapacity of sewer and water utilitiesin the area.The reportmust include hydraulic evaluationsof each utilityfor both existingand post-development demands,and the reportfindingsmust demonstrate adequate capacityto servethe fulldevelopment of the land.If adequate infrastructurecapacity is not availablefor the proposed development,the reportmust identifywater or wastewater system improvements necessaryforthe proposed development.If improvements to thiswater or wastewater system are necessary,the Landowner agrees priorto development of the BAXTER 80 ANNEXATION to complete,at Landowner's expense,the necessary system improvements to servethe proposed development. 8.Future Development Limitations The Landowner shallbe responsiblefor installingallfacilitiesrequiredto provide full municipal servicesto the property in accordance with the City'sInfrastructureMaster Plans and all City regulations,policiesand guidelinesthat may be in effectat the time of any future development.Thus,Landowner understands and agreesLandowner has no right,eithergrantedor implied,foritto furtherdevelop any of the BAXTER 80 ANNEXATION untilitisverifiedby the City thatthe necessarymunicipal services,includingbut not limitedto policeand fireprotection, parks and recreation,transportation,and sewer and water capacity,areavailabletoallor a portion of the BAXTER 80 ANNEXATION.Notice is thus provided to the Landowner thatpriorto additionaldevelopment of the property,theLandowner willbe solelyresponsibleforinstalling,at BAXTER 80 Annexation Agreement,Application23208 6 Landowner's sole expense,any facilitiesor infrastructurerequired to provide fullmunicipal servicesto the BAXTER 80 ANNEXATION in accordance with the City'sinfrastructureplans, adopted Growth Policies/Community Plans,and allothercityregulations,policiesand guidelines thatmay be in effectatthe time of development. 9.Stormwater Master Plan Landowner understands and agrees a Stormwater Master Plan for the BAXTER 80 ANNEXATION for a system designed to remove solids,oils,grease,and otherpollutantsfrom the runofffrom publicstreetsand otherimpermeable surfacesmay be requiredto be provided to and approved by the City Engineer at the time of any future development.The plan must demonstrate thatadequatetreatmentof runofffrom publicstreets,otherimpermeable surfaces,and allfuture lotswill be achieved by providing spot elevations,flow directionarrows,detention and/orretentionbasindetails(includingbasin sizingcalculationsand basintypicalsections),outlet structuredetails,and culvertcapacity calculations.The plan must also locate and provide easements for adequate drainage ways within the BAXTER 80 ANNEXATION to transport treated runoff to the stormwater receiving channel.The plan shallinclude sitegrading and elevationinformation,typicalstormwater detention/retentionbasin and dischargestructuredetails, basin sizingcalculations,and stormwater maintenance plan.Landowner recognizesthe City may requiresuch Stormwater Master Plan to be implemented in allor partas a conditionof approval of development ofthe BAXTER 80 ANNEXATION. 10.Waiver of Right-to-ProtestSpecialDistricts A.Landowner shallexecute a Waiver of Right-to-ProtestCreationof SpecialDistricts (SID)or Special Improvement Districtsfor streetand transportationimprovements including design and engineering,paving and subsurface improvements,curb and gutter,sidewalk and BAXTER 80 Annexation Agreement,Application23208 7 stormwater drainage facilities,and fiberopticconduit for the following streetsidentifiedby the Development Review Committee for: a.Streetimprovements to Baxter Lane from Rosa Way to Gooch HillRd including lighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. b.Streetimprovements to Laurel Parkway from Baxter Lane to W Oak St including lighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. c.Streetimprovements to Gooch HillRd from Baxter Lane to W Oak St including lighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. d.Streetimprovements to W Oak Streetfrom Gooch HillRd toRosa Way including lighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. The Landowner agrees such SID willprovide a mechanism forthe fairand equitableassessment of constructionand maintenance costsfor such improvements.The waiver isattachedhereto as Exhibit"A"and ishereby incorporatedin and made a partof thisAgreement. B.Landowner has executed a Waiver ofRight-to-ProtestCreationof SpecialImprovement Districts("SID")or SpecialDistrictsforthefollowingIntersectionimprovements identifiedby the Development Review Committee including lighting,signalizationand channelization,paving, curb/gutter,sidewalk,and storm drainagefor: a.Intersectionimprovements at Gooch HillRd and Baxter Lane includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. b.Intersectionimprovements atBaxter Lane and Laurel Parkway includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. c.Intersectionimprovements atW Oak Streetand Gooch HillRd includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. d.Intersectionimprovements at W Oak St and Laurel Parkway including lighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. The Landowner agrees such SID willprovide a mechanism for thefairand equitableassessment of constructionand maintenance costsfor such improvements.The waiver isattachedheretoas Exhibit"B"and ishereby incorporatedin and made a partof thisAgreement. BAXTER 80 Annexation Agreement,Application23208 8 The Landowner agrees such SID or specialdistrictswill provide a mechanism for the fairand equitableassessment of constructionand maintenance costsforsuch improvements. C.Landowner agreesthatinthe eventa specialdistrictor an SID isnot utilizedforthe completion of these improvements as described in subsection A above,the Landowner shall participatein an alternativefinancingmethod forthe completion of the improvements on a fair share,proportionatebasisas determined by the City on thebasisofthe squarefootageofproperty, taxable valuationof the property,trafficcontributionfrom the development or a combination thereof. D.Landowner understands and agreesthatthe City will choose creationof a SID or specialdistrictor an alternativefinancingmethod forthecompletion oftheimprovements and may use eitherfinancingoptionatany time. 11.Public Streetand UtilityEasement The Landowner understands and agrees thata public streetand utilityeasement must be provided for deliveryof municipal servicewith futuredevelopment and such easement shallbe provided attheLandowner's soleexpense. A rightofway forLaurel Parkway,classifiedas a CollectorintheBozeman Transportation Master Plan (TMP),has a minimum right-of-wayROW width of 90 feet.The applicantmust provide theirrespectiveLaurel Parkway ROW where Laurel parkway isadjacenttoor crossesthe property priorto the adoption of Resolution of Annexation.The Landowner understands and agreesthata public streetand utilityeasement must be provided concurrentwith signatureofthis agreement for Laurel Parkway is adjacentto or crosses the BAXTER 80 ANNEXATION to include half of the 90-foot required rightof way for a collectoradjacent to the BAXTER 80 ANNEXATION.The Landowner,atitssoleexpense,has createdsuch easements in a locationand BAXTER 80 Annexation Agreement,Application23208 9 form agreeable to the City and the easement will be filedat the GallatinCounty Clerk and Recorder's Office.A publicstreetand utilityeasement must be provided priorto the adoption of Resolution of Annexation. A right of way for West Oak Street,classifiedas a Minor Arterialin the Bozeman TransportationMaster Plan (TMP),has a minimum right-of-wayROW width of 100 feet.The applicantmust provide theirrespectiveLaurel Parkway ROW where Laurel parkway isadjacent to or crossesthe property priorto the adoption of Resolution of Annexation.The Landowner understands and agreesthata publicstreetand utilityeasement must be provided concurrentwith signatureof this agreement for West Oak Streetis adjacent to or crosses the BAXTER 80 ANNEXATION to include half of the 100-footrequiredrightof way for a collectoradjacentto theBAXTER 80 ANNEXATION.The Landowner,atitssoleexpense,has createdsuch easements in a locationand form agreeableto the City and the easement willbe filedatthe GallatinCounty Clerk and Recorder's Office.A public streetand utilityeasement must be provided priorto the adoption of Resolution of Annexation. The Landowner understands and agreesthata public streetand utilityeasement must be provided for deliveryof municipal servicewith futuredevelopment and such easement shallbe provided attheLandowner's soleexpense. The Landowner,atitssole expense,has created such easements in a locationand form agreeableto the City and the easements willbe filedatthe GallatinCounty Clerk and Recorder's Office.The Landowner furtherunderstands and agrees that additionalpublic streetand utility easements may be requiredfor deliveryof municipal serviceswith futuredevelopment,and in such event,the easement shallbe provided attheLandowner's soleexpense. BAXTER 80 Annexation Agreement,Application23208 10 12.StreetImprovements The Landowner understands and agreesthatatthe time of futuredevelopment theportion of the BAXTER 80 ANNEXATION and itsrelatedtransportationinfrastructurefrontingthe BAXTER 80 ANNEXATION thispropertymust be improved to a City standardatLandowner's expense. 13.Impact Fees Landowner acknowledges thatannexation and development of theirpropertywillimpact the City'sexistingstreet,water and sewer infrastructure,and the City'sfireservice.As approved by the City,the Landowner and itssuccessorsmust pay: A)Fire impact fees equal to the amount per Chpt.2,Art.6.Div.9 BMC,or as amended,attime 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 fees as requiredby Chpt.2,Art.6.Div.9 BMC,or as amended,at thetime of connection to citywater services. D)Sewer impact fees as requiredby Chpt.2,Art.6.Div.9 BMC,or as amended,at thetime of connection to citysewer services. The amount of impact fee theLandowner oritssuccessorspay forconnectiontothe city's water and sewer services,if any,shallbe calculatedbased on the provisionsof the Bozeman Municipal Code,as amended,in effectat the time of applicationfor a permit to connect.The amount of streetor fireimpact feestobe paid,ifany,shallbe calculatedbased on the provisions of the Bozeman Municipal Code,as amended,in effectatthe time an applicationfor building permit issubmitted. Landowner furtherunderstands and agrees thatany improvements,eitheron-siteor off- site,necessaryto provide connection of theBAXTER 80 ANNEXATION municipal servicesand which arewholly attributabletothepropertyas determined exclusivelyby theCity areconsidered BAXTER 80 Annexation Agreement,Application23208 11 "projectrelatedimprovements"as definedinChapter 2,Article6,Division9,Bozeman Municipal Code,as amended,and as such,are not eligibleforimpact fee credits. IfLandowner defaultson thisconditionat the time such is to be performed,and should defaultnot be remedied or correctedwithin thirty(30)days afterwrittennoticeby City to the Landowner and Landowner/Developer of such default,City may atitsoption: A)Declare the amounts owing for impact fees immediately due and payable and City shallhave the rightand privilegeto take legal action against Landowners for the collectionof such sum,including the entry of any judgment.In addition,the City may,atitsoption,enforcepayment of such amount by levying an assessment on the property. B)Elect any other remedy availableto City under the laws of the Stateof Montana. 14.Charges and Assessments Landowner understands and agreesthatafterthisAgreement isrecorded the BAXTER 80 ANNEXATION will be subject to City assessments for arterialand collectorstreets,street maintenance,and treemaintenance on the same basisas allotherpropertiesin the City. 15.Additional Terms The partiesrecognizethesedocuments must be filedand ofrecordwith theGallatinCounty Clerk and Recorder priorto the saleof any land within the BAXTER 80 ANNEXATION.The partiesfurtheragree thatthe Citymay filethesedocuments atany time. 16.Governing Law and Venue This agreement shallbe construedunder and governed by thelaws ofthe stateofMontana. In the event of litigation,venue isin the Eighteenth JudicialDistrictCourt,in and forCounty of Gallatin,StateofMontana. 17.Attorney's Fees BAXTER 80 Annexation Agreement,Application23208 12 In the event itbecomes necessary foreitherpartyto thisAgreement to retainan attorney to enforce any of the terms or conditionsof thisAgreement,then the prevailingparty shallbe entitledtoreasonableattorney'sfeesand costs,toincludethe salaryand costsofin-house counsel includingCity Attorney. 18.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 of thissame or any otherterm,covenant or agreement.No covenant,term or agreement shallbe deemed waived by eitherparty unless waived in writing. 19.Invalid Provision The invalidityor unenforceabilityof any provisionof thisagreement shallnot affectthe otherprovisionshereof,and thisAgreement shallbe construedin allrespectsas ifsuch invalidor unenforceableprovisionwere omitted. 20.Modifications or Alterations No modificationsor amendment of thisAgreement shallbe validunless evidenced by a writingsignedby the partieshereto. 21.No Assignment Itisexpresslyagreed thatthe Landowner and/or Landowner/Developer shallnot assign thisAgreement inwhole or in partwithout priorwrittenconsent ofthe City. 22.Successors This Agreement shallbe binding upon,inureto the benefitof and be enforceableby the partieshereto and theirrespectiveheirs,successorsand assignsand specificallytoany subsequent purchaserof the annexed property. BAXTER 80 Annexation Agreement,Application23208 13 23.Covenants to Run with the Land The partiesintend that the terms of this Agreement shallbenefit the BAXTER 80 ANNEXATION and shallbe covenants running with the land and shallnot expireattheirdeaths or upon transferof ownership of the property. The undersigned Landowner affirmsthatthey have authorityto enterintothisAgreement and to bind themselves tothisAgreement. IN WITNESS WHEREOF,the partiesheretohave caused thisagreement to be executed the day and year firstabove written. BAXTER 80 Annexation Agreement,Application23208 14 LANDOWNER True North Partners,LLC By:Tracy Poole Title:Owner STATE OF MONTANA ) :ss COUNTY OF GALLATIN ) On this ll*day of (,2024,beforeme,the undersigned,a Notary Publicforthe Stateof Montana,personallyappeared _Tracy Poole_,known to me to be the _Owner_of True North Partners,LLC,known to me to be the landowner thatexecutedthe withininstrument,and acknowledged to me thatthey executed the same forand on behalfof landowner. IN WITNESS WHEREOF,I have hereunto setmy hand and affixedmy officialsealthe day and year firstabove written. (SEAL) o (Prined Name Her ) NeTAR UBLC forthe Notary Publicforthe Stateof [YTT s z maÎuTANA Residing atb-f Rmon,T epmie*8f ** My Commission Expires:q |2)ana (Use 4 digitsforexpirationyear) BAXTER 80 Annexation Agreement,Application23208 15 CITY OF BOZEMAN By:Chuck Winn,Interim City Manager ATTEST: K ityClerk STATE OF MONTANA ) :ss COUNTY OF GALLATIN ) On this day of £,2024,beforeme,a Notary Publicforthe stateof Montana,personallyappe ed Chuck Winn and Mike Maas,known to me tothe persons describedin and who executed theforegoinginstrumentas Interim City Manager and City Clerk respectively,of the City ofBozeman,whose names aresubscribedtothe within instrumentand acknowledged to me thatthey executed the same forand on behalfof saidCity. IN WITNESS WHEREOF,Ihave hereunto setmy hand and affixedmy officialsealthe day and year firstabove written. (SEAL) (PrintedName Here) ..Notary Public forthe Stateof Montana N taryub c°fortheStateofMontana My Commission Expires:(Din -ll-7 SEAL.* soze ªnana (Use 4 digitsforexpirationyear) BAXTER 80 Annexation Agreement,Application23208 16 EXHIBIT "A" WAIVER OF RIGHT TO PROTEST CREATION OF SPECIAL DISTRICTS OR SPECIAL IMPROVEMENT DISTRICTS BAXTER 80 ANNEXATION The undersigned owner of the realpropertysituatedinthe County of Gallatin,StateofMontana, and more particularlydescribedas follows: Tract 4 of Certificateof Survey 2552,located in the Northwest Quarter of Section 4, Township 2 South,Range 5 East,and the South 50 feetof Tract4 of Certificateof Survey 2672A,being the north 50 feetof the Baxter Lane right-of-way,locatedin the Southwest Quarter of Section 33,Township 1 South,Range 5 East,PrincipalMeridian,Montana, GallatinCounty,Montana. IN CONSIDERATION of receivingapproval for annexation of the subjectproperty from the City of Bozeman,along with accompanying rights and privilegesand for other and valuable consideration,the receiptof which ishereby acknowledged,and in recognitionof the transportation impacts to: a.Streetimprovements toBaxter Lane from Rosa Way to Gooch HillRd includinglighting, signalization,paving,curb/gutter,sidewalk,and storm drainage. b.Streetimprovements toLaurel Parkway from Baxter Lane to W Oak St including lighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. c.Streetimprovements to Gooch HillRd from Baxter Lane toW Oak St includinglighting, signalization,paving,curb/gutter,sidewalk,and storm drainage. d.Streetimprovements to W Oak Streetfrom Gooch HillRd to Rosa Way including lighting,signalization,paving,curb/gutter,sidewalk,and storm drainage. For 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 utilitiesfor the 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 BAXTER 80 Annexation Agreement,Application23208 17 improvements comply with all adopted City infrastructureplans and requirements.Further,the Landowner waives itsrightor to make any writtenprotestagainstthe sizeor area or creationof the districtbe assessed in response to a duly passed resolutionof intentionto createone or more special improvement districtswhich would includetheabove-describedproperty. In the event a specialdistrictor specialimprovement districtisnot utilizedforthe completion of these improvements,the developer agrees to participatein an alternatefinancing method for the completion of saidimprovements on a fairshare,proportionatebasisas determined by the City on the basisof the square footage of property,taxablevaluationof the property,trafficcontributionfrom the development or a combination thereof.Landowner understands and agrees thatthe City will choose creationof a SID or specialdistrictor an alternativefinancing method for the completion of the improvements and may use eitherfinancingoptionatany time. This waiver ismade forthe benefitof the propertydescribedhereinshallbe a covenant running with the land. The terms,covenants and provisionsof thiswaiver shallextend to,and be binding upon the successors-in-interestand assignsof theLandowner. BAXTER 80 Annexation Agreement,Application23208 18 DATED this Û day of MOJ ,2024. LANDOWNER True No ar ner,LLC By:Tracy Poole Title:Owner STATE OF MONTANA ) :ss COUNTY OF GALLATIN ) On this day of ,2024,beforeme,theundersigned,a Notary Public forthe Stateof Montana,personallyappeared _Tracy Poole_,known to me tobe the _Owner of True North Partners,LLC,known to me to be the landowner thatexecuted thewithin instrument,and acknowledged to me thatthey executed the same forand on behalfof landowner. IN WITNESS WHEREOF,I have hereunto setmy hand and affixedmy officialsealthe day and year firstabove written. (SEAL) y ee s (Pri Name Here) A STATEY P rte Notary Publicforthe Stateof Myc n ¶xp,Residing at september21,2025°°My Commission Expires:203L.) (Use 4 digitsforexpirationyear) BAXTER 80 Annexation Agreement,Application23208 19 EXHIBIT "B" WAIVER OF RIGHT TO PROTEST CREATION OF SPECIAL DISTRICT OR SPECIAL IMPROVEMENT DISTRICTS BAXTER 80 ANNEXATION The undersigned owner of the realpropertysituatedintheCounty of Gallatin,StateofMontana, and more particularlydescribedas follows: Tract 4 of Certificateof Survey 2552,located in the Northwest Quarter of Section 4, Township 2 South,Range 5 East,and the South 50 feetof Tract 4 of Certificateof Survey 2672A,being the north 50 feetof the Baxter Lane right-of-way,locatedin the Southwest Quarter of Section 33,Township 1 South,Range 5 East,PrincipalMeridian,Montana, GallatinCounty,Montana. IN CONSIDERATION of receivingapproval for annexation of the subjectpropertyfrom 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: a.Intersectionimprovements atGooch HillRd and Baxter Lane includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. b.Intersectionimprovements atBaxter Lane and Laurel Parkway includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. c.Intersectionimprovements atW Oak Streetand Gooch HillRd includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. d.Intersectionimprovements atW Oak St and Laurel Parkway includinglighting, signalization/channelization,paving,curb/gutter,sidewalk,and storm drainage. which willbe caused by thedevelopment of the above-describedproperty,the owner has waived and does hereby waive foritself,itssuccessorsand assignsforeverthe rightto protestthe creationof one or more specialimprovement districtsfor these intersectionsincludinglighting,signalization/ channelization,paving,curb/gutter,sidewalk,and storm drainage. BAXTER 80 Annexation Agreement,Application23208 20 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 districtswhich would includethe above-describedproperty. In the event a specialdistrictor specialimprovement districtisnot utilizedforthe completion of these improvements,the developer agrees to participatein an alternatefinancing method for the completion of the improvements on a fairshare,proportionatebasisas determined by the City on the basisof the square footage of property,taxablevaluationof the property,trafficcontributionfrom the development or a combination thereof.Landowner understands and agreesthatthe City will choose creationof a SID or specialdistrictor an alternativefinancing method for the completion of the improvements and may use eitherfinancingoptionatany time. This waiver ismade forthe benefitof the propertydescribedhereinshallbe a covenant running with theland. The terms,covenants and provisionsof thiswaiver shallextend to,and be binding upon the successors-in-interestand assignsoftheLandowner. BAXTER 80 Annexation Agreement,Application23208 21 DATED this day of ,2024. LANDOWNER True North a tners,LLC By:Tracy Poole Title:Owner STATE OF MONTANA ) :ss COUNTY OF GALLATIN ) On this day of ,2024,beforeme,the undersigned,a Notary Public forthe StateofMontana,personallyappeared _Tracy Poole_,known tome to be the_Owner_of True North Partners,LLC,known to me to be the landowner thatexecuted thewithin instrument,and acknowledged to me thatthey executed the same for and on behalfof landowner. IN WITNESS WHEREOF,Ihave hereunto setmy hand and affixedmy officialsealthe day and year firstabove written. gggyéés;'~(PrintedName Here) 7e OPF Ni®Notary Publicforthe Stateof ye °s ÍnExpires Residing atDUT T september21,2024 My Commission Expires:C 2tGL9 (Use 4 digitsforexpirationyear) BAXTER 80 Annexation Agreement,Application23208 22