HomeMy WebLinkAbout11- Agricultural Lease with Dayhuff for Water Treatment Plant property leaseAGRICULTURAL LEASE
THIS AGREEMENT, made and entered into this _U day of , 2011, by and
between the City of Bozeman, a municipal corporation located at 411 Ea4stain Street, Bozeman,
Montana 59715, hereinafter referred to as LESSOR, and Steven G. Dayhuff of
6981 Bristol Lane, Bozeman, Montana, hereinafter referred to as LESSEE.
WITNESSETH:
1. Premises Leased:
For and in consideration of the rents to be paid and the covenants to be performed by
Lessee as hereinafter set forth, Lessor does hereby demise, lease and let unto Lessee those certain
lots, pieces or parcels of real property situated, lying and being in the County of Gallatin, State of
Montana, and more particularly described as follows:
The South Half of the Southeast Quarter of the Southeast Quarter
(S1/2SEI/4SEI/4) of Section 1, Township 3 South, Range 5 East, M.P.M.,
containing approximately 18.5791 acres, more or less, according to a plat and
survey thereof entitled Mountain Shadows Estates Masterplan, a Subdivision in
Gallatin County, Montana, filed in the office of the County Clerk and Recorder of
Gallatin County, Montana, on the 6th day of October, 1970.
2. Tenn:
To have and to hold said premises according to the provisions hereof for a period of (1)
year from and after the date first above written, and unless terminated upon notice in writing
given by either party to the other not less than sixty (60) days prior to the end of the initial term or
any annual extension thereof, - unless sooner terminated as herein provided.
3. Consideration:
Lessee shall pay to the Lessor, as rental for the demised premises, the sum of $400 per
year. This payment shall be made to Lessor annually on or before the first day of July and shall be
paid to Lessor at its principal offices in Bozeman, Montana.
4. Repairs and Improvements:
Lessee agrees to protect all improvements upon said premises and to keep the same in as
good condition and state of repair as the same shall be at the time this Lease is executed,
reasonable wear, tear, and damage by the elements excepted. Any new improvements made
during the term of this Lease shall remain on the land as property of the Lessor unless otherwise
excepted by the terms of this Lease.
The parties further agree that as of the date of this Lease Agreement, the fences which
surround the leased premises may need repair and/or replacement during the term of this Lease.
In this connection, and provided that it is mutually agreed upon by the parties in writing, such
repair and/or replacement shall be accomplished during the term of this Lease. Lessor shall bear
Dayiniff -- Water Treatment Plant Property lease
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