HomeMy WebLinkAboutCash in Lieu Water Rights 19-10-01 B0��'rp� THE CITY OF BOZEMAN
20 E. OLIVE • P.O. BOX 1230
* BOZEMAN, MONTANA 5977 1-1 230
sty 88 s���Q ENGINEERING DEPARTMENT
CO. O PHONE: (406) 582-2280 • FAX: (406) 582-2263
Date: August 17, 2006
CASH IN LIEU OF WATER RIGHTS
For a Commercial Property
Project Name: Bozeman Gateway Subdivision, Phase 3
Applicant Name: Jim Ullman, Morrison-Maierle, Inc.
Applicant Address: 901 Technology Blvd., PO Box 1113
Bozeman, Montana 59771
Area: 7.6 acres
Zoning: B-2
Water diversion requirements based on zoning
some rounding in the following figures is indicated,but not used in the calculation of the final dollar amount)
331,056 sq. ft. X 22.57 gal/sq.ft. = 7,471,934 gallons per year use
23 acre-feet per year
Cash-in-lieu amount 23 ac-ft X $30.55 per ac-ft X 11.7668 =
TOTAL CASH-IN-LIEU AMOUNT: $81267.94
NOTE: The value calculated for the cash-in-lieu amount is equal to the City's
expenses for an equivalent amount of water, on an annual basis,
drawn from Hyalite Reservoir. This expense is calculated on the
City's annual payments to the Middle Creek Water Users' Association
of$30.55 per acre-foot, at present-worth, based on the 40-year
rehabilitation loan @ 8.125%.
I
HOME OF MONTANA STATE UNIVERSITY
GATEWAY TO YELLOWSTONE PARK
*
C E'
Development Group
commercial real estate development
August 21, 2006
Jim Ullman
Morrison-Maierle, Inc
901 Technology Blvd
Bozeman, MT 59718
Re: Cash in lieu of water rights
Dear Jim:
Enclosed is our check in favor of the City of Bozeman in the amount of$8,267.94 for
Phase 3 Final Plat, cash-in-lieu of water rights.
Should there be anything else we need to do please do not hesitate to call.
Sincerely,
Mitchell Development Group, LLC
41" za�, I--- /
Barbara Smith
Enclosure
P.O.Box 738,Great Falb,PAT 59403 Ph.406-76-4400 Fax 406-761-4401
2039
MITCHELL DEVELOPMENT GROUP, LLC
1315 8TH AVENUE NORTH FIRST INTERSTATE BANK
GREAT FALLS,MT 59401 93-168-929
(406)761-4400 8/21/2006
a to the
City of Bozeman **8267 94
$Qo'rd�'r'�q
Eight Thousand Two Hundred Sixty-Seven and ***
DOLLARS
City of Bozeman
P. O. Box 1230
Bozeman, MT 59771-1230
Bozeman Gateway- Phase 3 Final Plat-cash in lieu
II°00 2039Ill 1m09 290 I86E31: 2 209397 ,BIla
MITCHELL DEVELOPMENT GROUP, LLC 2039
City of Bozeman 8/21/2006
Expense:Licenses and Permits Phase 3 Final Plat-cash in lieu water rights 8,267.94
Checking Bozeman Gateway- Phase 3 Final Plat-cash in I
8,267.94