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HomeMy WebLinkAbout26 - Payment Agreements - Bozeman Public Library Friends and Foundation - Bozeman Public Library Children’s Room Renovation Letter of Agreement September 22, 2026 RE: Funding Transfer for Construction Services for the Bozeman Public Library Children’s Room Renovation Project—Letter of Agreement This letter of agreement (the “Agreement”) confirms the understanding reached by the parties and sets forth the terms and conditions of a contribution by the Bozeman Public Library Friends and Foundation (“BPLFF”) to the City of Bozeman (“City”) for Construction Services for the Bozeman Public Library Children’s Room Renovation (“Phase 3”). 1. Parties to the Agreement and Notices: a. For BPLFF Contact: Janay Johnson, Director Address: 626 East Main; Bozeman MT 59715 b. For City of Bozeman Contact: Jon Henderson, Assistant City Manager Address: 121 N. Rouse Ave; Bozeman MT 59715 2. Background: Details of the project and the specific responsibilities of each party are outlined in a Memorandum of Understanding between the Bozeman Public Library Board of Trustees, the Bozeman Public Library Friends and Foundation, and the City of Bozeman signed and executed on March 18, 2026. This Agreement accepts $609,250.25 to be allocated in support of services related to construction. A subsequent Agreement and transfer of additional funds may be required to complete the project. 3. BPLFF Responsibilities: a. Perform a wire transfer in the amount of $609,250.25 payable to the City no later than October 16, 2026. 4. City of Bozeman Responsibilities: a. Utilize the funds exclusively for Phase 3 of the Bozeman Public Library Children’s Room Renovation Project. b. Return any unused funds to BPLFF at the conclusion of Phase 3. Docusign Envelope ID: 0E744B0D-3BEF-8D6B-821F-450F24577DDD c. Highlight BPLFF’s funding and involvement in the project in press releases or other promotional activities. 5. Acceptance: By signing below, the undersigned represent that they are authorized to act on behalf of their respective parties and to bind their respective parties to the terms of this Agreement, and that the undersigned parties have read, understand and agree to the above. City of Bozeman: Signed: _____________________________ Chuck Winn, City Manager Date: _______________________________ Bozeman Public Library Board of Trustees: Signed: ____________________________ Stewart Mohr, Vice-Chair Date: ______________________________ Bozeman Public Library Friends and Foundation: Signed: ____________________________ Janay Johnson, CEO Date: ______________________________ Docusign Envelope ID: 0E744B0D-3BEF-8D6B-821F-450F24577DDD XXXXXXXXXXXXXXXXXXXXX 9/28/2026 Michael Redburn, Chairman 9/28/2026 XXXXXXXXXXXXXXXXXXXXXXXXXXJon HendersonActing City Manager 9/28/2026