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HomeMy WebLinkAboutMemorandum of Understanding with MSU for Center island of College & 11th Roundabout.pdf Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Brian Heaston, Project Engineer Debbie Arkell, Director of Public Services SUBJECT: Authorize City Manager to Sign a Memorandum of Understanding Between the City of Bozeman and Montana State University for the Long-term/Perpetual Use of the Center Island of the College/11th Roundabout by MSU. MEETING DATE: May 9, 2011 AGENDA ITEM TYPE: Consent RECOMMENDATION: Authorize City Manager to Sign a Memorandum of Understanding Between the City of Bozeman and Montana State University for the Long-term/Perpetual Use of the Center Island of the College/11th Roundabout by MSU. BACKGROUND: The right-of-way negotiations performed in good faith with Montana State University (MSU’s) for the 11th/College roundabout contained consideration for MSU’s use of the center island of the facility for a themed campus entrance. In exchange for perpetual use of the center island, city staff and MSU negotiated a $53,670 reduction in right-of-way cost. The right-of-way agreement executed by both parties includes a provision that the parties execute a Memorandum of Understanding (MOU) to formalize rights and responsibilities of the perpetual use of the island. The attached MOU was negotiated by city and MSU staff and has been executed by President Waded Cruzado on behalf of MSU. UNRESOLVED ISSUES: None. ALTERNATIVES: As recommended by the Commission. FISCAL EFFECTS: Provision 11 of the MOU provides recompense to MSU in the event the city terminates the MOU and reclaims use and maintenance of the center island. Should extraordinary circumstances arise to compel the city to unilaterally terminate the MOU, MSU will recover their $53,670 consideration, less depreciation on a 20-year lifecycle. Should MSU unilaterally terminate the MOU, recompense will not be given. Attachments: (3) Memorandum of Understanding Report compiled on: April 29, 2011 40 41 42 43