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HomeMy WebLinkAboutDue Diligence Cover letter THE TRUST for PUBLIC LAND =— January 20,2013 Northern Rockies 111 S.Grand Ave. JeffreyGraff Suite 203 Bozeman,MT Trails,Open Space and Parks Program Manager 59715 City of Bozeman,MT T:406.522.7450 1102 East Curtiss St. F:406.522.7453 tpl.org Bozeman,MT 59715 Dear Jeff, Below is a list of the attached due diligence materials relating to the Story Mill Community Park proposal currently before the Trails,Open Space and Parks(TOP)committee. In total,The Trust for Public Land is proposing to sell 54 acres to the City of Bozeman utilizing TOP bond funds.The title, deed and environmental assessment provided below are specific to the acquisition by The Trust for Public Land in December 2012 of approximately 61 acres from American Bank. The proposal before the TOP committee contemplates the conveyance of a portion of these lands(approximately 50 acres)plus an additional 4 acres presently owned by the adjoining landowner,Wake Up Inc. The Trust for Public Land has a confidential agreement with the Wake Up Inc. landowner to acquire those 4 acres via an exchange/purchase before September 30,2014.As the approval process moves ahead,we are pleased to work with the City to provide additional and updated due diligence materials specific to the proposed 54-acre,property conveyance. - Warranty Deed of The Trust for Public Land's acquisition of the property from American Bank - Title Insurance Policy for the 61 acres acquired by The Trust for Public Land - Phase I and Phase II Environmental Site Assessment prepared by Tetra Tech prior to our acquisition of the property. Throughout Phase I references to the Mill parcel(west of Story mill Road)which we did not acquire,have been either deleted or blacked out per a confidentiality agreement with American Bank. We would plan to update the EA prior to a conveyance of the property to the City of Bozeman. The EA does not include the approximately 4 acquired currently owned by Wake Up Inc. located along the East Gallatin River. The Trust for Public Land has an agreement to purchase that property and has contracted with Tetra Tech to perform an EA with a completion date of March 31,2014. - Story Mill Ecological Restoration Conceptual Design Report.prepared by RESPEC,provides an overview of the wetlands restoration planning process and the Selected Alternative. RESPEC is currently under contract with The Trust for Public Land to complete a Phase II analysis that includes engineering and permitting for the proposal. - Wetlands Delineation Report prepared by River Design Group - Site Utility Map Thank you, Mad y Pope Project Manager