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HomeMy WebLinkAbout14- Creation of SID- Stadium View City_of Bozeman-City Clerk 2490129 P.O. Box 1230 Page: 1 of 2 08/26/2014 09:48:42 AM Fee $14 00 Bozeman, MT 59771-1230 Charlotte Mills - Gallatin County, M7 MISC IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII11h1lll WAIVER OF RIGHT TO PROTEST CREATION OF SPECIAL IMPROVEMENT DISTRICTS—STADIUM VIEW ` 1 Et'�t.,-- TE T'l The undersigned owner of the real property situated in the County of Gallatin, State of Montana, and more particularly described as follows: Lot 1 of South University District Phase 1 Minor Subdivision,located in the SW '/of Section 13, and in the NW 1/of Section 24,T2S,R5E,PMM,Gallatin County,Montana. IN CONSIDERATION of receiving approval for annexation of the subject property from the City of Bozeman, along with accompanying rights and privileges and for other and valuable consideration, the receipt of which is hereby acknowledged, and in recognition of the impacts to the intersection of W. Kagy Boulevard and South 7`h Avenue, which will be caused by the development of the above-described property, the owner has waived and does hereby waive for itself, its successors and assigns forever the right to protest the creation of one or more special improvement districts for the construction and maintenance of following improvements: Signalization and improvements to the intersection of W. Kagy Boulevard and S. 7" Avenue, or to make any written protest against the size or area or creation of the district be assessed in response to a duly passed resolution of intention to create one or more special improvement districts which would include the above-described property. In the event an SID is not utilized for the completion of these improvements, the owner agrees to participate in an alternate financing method for the completion of said improvements on a fair 1 share, proportionate basis as determined by square footage of property, taxable valuation of the property, traffic contribution from its development or a combination thereof. This waiver is made for the benefit of the property described herein shall be a covenant running with the land. The terms, covenants and provisions of this waiver shall extend to, and be binding upon the successors-in-interest and assigns of the owner. DATED this JL day of , 2014. Stadium View, LP, a Delaware limited partnership By: Stadium View GP, LLC, a Delaware limited liability company gen 1 partner By: K. Bre 1ttle, President STATE OF TEXAS ) )ss. County of Dallas ) On this day of A" , 2014, before me the undersigned, a Notary Public for the State of personally appeared K. Brent Little, known to me to be the President of Stadium View GP, LLC, the general partner of Stadium View, LP and the person whose name is subscribed to the within instrument and acknowledged to me that he executed the within instrument for and on behalf of said limited liability company and said limited partnership, IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. (SEAL) S?ACEY A COLE oary U C or t o tate o exas ?oP' uB4 Notary Public,state of Texas My Commission Expires rinte e �7� July 01, 2017 esiding at2G C Expireso(,��1��(f'l�� ,�-vt%yL ,ct My CommissioExpires _�_T�- 2