12/20/01 Abell/Offer to Purchase Lot 1Whitefish Credit Union
300 Baker Avenue • 862-3525 234 E. Montana St. - 257-3123
Whitefish Kalispell
320 Nucleus Avenue - 892-8000 110 Third Ave. East • 883-3600
Columbia Falls Poison
P.O. BOX 37
WHITEFISH, MONTANA 59937-0037
December 20, 2001
City Manager
City of Kalispell
Kalispell City Hall
P.O. Box 1997
Kalispell, MT 59903-1997
Re: City of Kalispell Offer to Sell
Lot 1, Daley Field Subdivision
Kalispell, Montana
Dear Sir:
Whitefish Credit Union Association, Inc. (Purchaser) herewith submits the following offer to
purchase the offered Lot 1, Daley Field Subdivision:
The purchase price shall be $3.54 per square foot for the approximate 2.9 acre parcel.
2. Assuming the square footage is 129,808 square feet, the purchase price of $459,520.32
would be paid in cash at closing.
3. Closing will be completed within 90 days of the "award of sale".
4. Currently we contemplate a facility being completed by the end of 2006, not the Fall of
2004. One of the reasons for the additional time is the anticipation of the planned
Highway 93 South construction being completed by that time to insure the best and most
appropriate location of any building newly constructed on the lot. Purchaser reserves the
right to sell the property at any time.
The zoning as it currently exists will be modified to allow for the construction of a
financial institution as a permitted use, assuming the zoning as it exists does not allow that
as a permitted use.
ALL ACCOUNTS INSURED TO $100,000 BY NCUA
City of Kalispell
December 20, 2001
Page 2
6. Resolution No. 4451 redefining the perimeter boundary of the landing field of the Kalispell
City Airport must not interfere with or restrict structural improvements on the property as
otherwise allowed by the zoning.
7. The "30' roadway easement" located within the north boundary of Lot 1 will be removed.
8. The airplane signs located on a pole at or about the northeast corner ofthe property will
be removed.
9. Purchaser will not be obligated for sharing the costs of construction of the private road
located between Lot 1 and Lot 2 as further defined in the Reciprocal Easement And
Maintenance Agreement entered into on December 24, 1997, between the City of
Kalispell and Rosauers Supermarkets, Inc.
10. There will be no late comer's fees or costs relating to the construction of sewer, or utilities
to the property.
11. The City of Kalispell will accept environmental liabilities relating to the site if they become
apparent at another date.
Please advise me if Whitefish Credit Union is awarded the sale under these terms and conditions.
Thank you for your consideration.
Very truly yours,
WHITEN CRED UNI
C arles R. Abell, President
cc: Leo W. Tracy, Chairman