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HomeMy WebLinkAbout91- Installation of Traffic Control FILM J22 PACF2050 WAIVER OF RIGHT TO PROTEST THE NEED FOR INSTALLATION OF A TRAFFIC CONTROL DEVICE AT THE INTERSECTION OF SOUTH 19TH AVENUE AND WEST COLLEGE STREET I, as the undersigned representative of First Security Bank of Bozeman, being owners of the real property situated in the County of Gallatin, State of Montana, and more particularly described as follows: Tracts 3A-31 3B-1, 3B-2 and Tract 4, Minor Subdivision No. 28 and Tract A of Tract 2, Certificate of Survey No. 309, and located in the Southwest One-Quarter of Section 12, Township 2 South, Range 5 East, M.P.M. , Gallatin County, Montana. IN CONSIDERATION of receiving a Conditional Use Permit to develop a drive-in banking facility on the above-described property in the City of Bozeman, along with the accompanying rights and privileges and for other valuable consideration, the receipt of which is hereby acknowledged, and in recognition of the impact to South 19th Avenue which will be caused by the development of the above-described property, have waived and do hereby for ourselves, heirs, executors, administrators, personal representatives, successors and assigns, waive the right to protest the need for the installation of a traffic control device at the intersection of South 19th Avenue and West College Street. Further, I waive our right to make written protest against the need for the proposed work or against the extent or creation of such work through the use of a special improvement district should it be legally determined that signalization of the intersection may occur through the creation of a special improvement district. In granting this waiver, I understand that the above-described real property together with other property within the benefited area will be proportionately assessed according to the laws of the State of Montana. It is understood that the costs of said improvements to be assessed against said real property are hereby limited to the costs for the administration, engineering, inspection, and construction of a traffic control device for a percent of the total costs based upon the additional traffic impacts generated by the drive-in 1 FILM J22 FAGE2051 banking facility. Actual vehicle trip counts shall be made prior to the creation of the special improvement districts, establishing the percent of costs based upon a proportionate share of the actual trips generated at said intersection. This waiver shall be a covenant running with the land and shall not expire at my death. The undersigned warrant that he is lawfully seized and possessed of the real property described above and that he has a lawful right to convey the property or any part of it. DATED this 5 day of � ,/T 1991. � James rummond, President 'First ecurity Bank of Bozeman STATE OF MONTANA ) :ss. County of Gallatin ) On this ,i, day of ;,,: , 19 ;r before me a Notary Public for the State of Montana, personally appeared James Drummond, President, First Security Bank of Bozeman, known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year in this certificate first written. ti �� • Sp 4 R U �•':. Notary Public for the State of Mont. -+� Residing at Montana My commission exprire .: t nF }to4�°: • 2