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Draft Memorandum of Understanding/Property Line Adjustments, etc.Memorandum of Understanding 03114101 Page I of 4 Revision date: March 14, 2001 MEMORANDUM OF UNDERSTANDING Date: , 2001 Section 1.0 Purpose - The purpose of this document is to set forth the intended property line adjustments, easement creation and elimination and construction of a new frontage road. Section 2.0 Subject Parcels - This Memorandum of Understanding shall reference the following parcels located south of Kalispell, Montana in Section 20, Township 28, Range 21: • Parcel # 1 Lot 3 of the Daly Dole,, Field Subdivision City of Kalispell 312 1 st Avenue East Kalispell, MT 59901 • Parcel #2 Tract 2AD of Section 20, Township 28, Range 21 Wiggin/Torgerson Partnership 1 103 South Main Kalispell, MT 59901 • Parcel #3 Tracts 2ACA and 2K of Section 20, Township 28, Range 21 Wiggin/Torgerson Partnership 1 103 South Main Kalispell, MT 59901 • Parcel # 4 Tract 2AC of Section 20, Townsh Penco Motor Sports 2480 Highway 93 South Kalispell, MT 59901 • Parcel #5 Lot 1 of Oretana Subdivision Murcon Development, Inc. 2940 Petro -Canada Tower W. 150-61" Avenue SW Calgary, Alberta t2P 3Y7 • Parcel #6 Lot 2 of Oretana Subdivision John Murdoch 2275 North 71" Avenue l e -/V nnnNn Memorandum of Understanding 03114101 Page 2 of 4 Bozeman, MT 59715 Section 3.0 Elimination of Existing Easements - 3.1 The portion of the existing 60-foot private road and utility easement located along the south boundary of Parcels 3, 4, 5, and 6 shall be abandoned. 3.2 The portion of the existing 60-foot private road and utility easement located along the south boundary of Parcel 6, excluding the easterly 60', shall be abandoned. Section 4.0 Creation of New Easement - Parcel 1 shall grant a new 60-foot private road and utility easement rom 30 feet north of the centerline of the Kelley Road approach south.along the east property boundary �o the north boundary of parcel 5. The easement shall extend to the MDT right-of-way limits and shall include provisions for the new approach to be located across from the existing Kelly Road approach. The easement shall be granted to all parcel owners for public use. Section 5.0 Relocation of Existing Property Boundaries - 5.1 The north property line of Parcel 3, consistent with the north adjoining property line between Parcels 3 & 5, shall be adjusted to align with the MDT right-of-way limit. 5.2 The south property line of Parcel 3, consistent with the adjoining property line between Parcels 3 & 4, shall be extended to the MDT right-of-way limit. 5.3 The south property line of Parcel 4, consistent with the south adjoining property line of Parcels 4 & 5, shall be extended to the MDT right-of-way limit. 5.4 The north portion of Parcel 5 created as a result of the boundary line adjustment detailed in section 5.1 above shall remain in the ownership of the owner of Parcel 5 and shall be designated as Parcel 5-A. Section 6.0 Road Construction - A new frontage road shall be constructed in the existing and newly -created road and utility easement from the north property line of Parcel 1 to the south property line of Parcel 5. The road shall be constructed in accordance with the City of Kalispell Design Standards for a local subdivision street providing a minimum pavement width of 28-feet. The street shall include curb and gutter on both sides of the asphalt. No sidewalks, landscaping, boulevards, or other similar improvements will be required for the frontage road. The frontage road desi nshot) be coordinated and integrated with the Memorandum of Understanding 03114101 Page 3 of 4 0 osed MDT US 93 improvements to ensure full comgatibtLify of al" nments and grades. Section 7.0 Road Construction Funding - Owners of each parcels shall bear the costs of road construction based upon a pro-rata share derived from the total cost of the project times the lineal feet of highway frontage for each parcel following adjustments in section 5 above, as numerator, divided by the total highway frontage from the northeast property corner of Parcel 1 to the southeast property corner of Parcel 5, as denominator. The frontage road is to be constructed on or before December 31, 2002. A parcel owner desiring to construct the frontage road shall submit a cost proposal to all other parcel owners. If approved, all parcel owners shall reimburse the parcel owner constructing the frontage road based on a pro-rata share of direct construction costs. �_T GdjoininQirlrrr col in GGA-rdG-.A --yVith stGndGrds set fnrfh in this "Esnstr-i The costs shall not include interest fees, management fees, or other indirect costs. Reimbursement payment shall be made by each parcel owner on or before December 31, 2002. The owner of parcel 6 shall pay the pro -rota share for the owner of Parcel l . The owner of Parcel 6 shall be reimbursed an amount equal to the cost of constructing the approach and road to 50 feet either side of the centerline of the approach at the time of sale of Parcel 1 by the existing owner. Section 8.0 Road Maintenance - It shall be the responsibility of each parcel owner to garticigate in a road maintenance agreement with the othgl- -)arties to fr„•s memorandum. for the purpose of maintaining dip the frontage road that is located on the owned parcel. Section 9.0 Assessment - The provisions of this Memorandum shall be tied to the individual parcels and shall be .,Lnding of subjeGt tG +ho future property owners. Section 10.0 Attachment - The following attachments shall be included in and become part of this memorandum: Attachment A - Vicinity Plan, existing property boundaries & easements Attachment B - Vicinity Plan, revised property boundaries & easements Section 11.0 Authorization - Parcel 1 City of Kalispell - Chris Kukulski nnnnn Memorandum of Understanding 03114101 Page 4 of 4 Parcel 2 Wiggin/Torgerson Partnership Parcel 3 Wiggin/Torgerson Partnership Parcel 4 Penco Power Sports Parcel 5 Murcon Development, Inc. - Murph Hannon Parcel 6 John Murdoch C:\SCHWAR-1 \PROJEC-1 \M URDOC-1 \REV IEW-1 \Memorandum.doc nnAA RW