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1. Valley Bank Parking Lot AcquisitionSeptember 9, 2004 Susan Moyer City of Kalispell P.O. Box 1997 Kalispell, MT 59903-1997 Re: Valley Bank of Kalispell Dear Susan, This letter is to confirm our client's sincere interest in purchasing or exchanging for the city owned property on the corner of Third Street West and Main Street in Kalispell for the purpose of constructing a new bank facility for Valley Bank of Kalispell. This new facility would not only benefit the clients of Valley Bank, but also the City of Kalispell by infilling an empty lot on Main Street, creating new jobs during construction, and adding a new facility to the tax roles. This construction would show a increasing level of commitment to downtown. Kalispell. If Valley Bank of Kalispell was allowed to construct a new facility at this location upon its completion they would demolish their existing facility and create surface parking to be used by their own clients and visitors to downtown Kalispell. Future hopes for the existing Valley Bank site would be to construct a parking structure in partnership with the City of Kalispell and Glacier Bank. This parking structure would be ideally located for downtown usage on First Avenue West between Second and Third Street West. Thank you, CTA Architects Engi eery i �,/ A" - David Mitchel AIA G:WBS\Valley BankWBOK-City-Lol.doc #2 Main Street • S€cite 20S - Kalispell, Montana 59901 a 40& 257.8172 • Fax: 406. 257.8173 www.ctagroup.com - info@ctagroun.com THE VALLEY BANK OF KALISPELL, a State Bank, Grantor, in consideration of Orie Dollar and other valuable Consideration, the receipt of which is hereby acknowledged, grants to the CITY OF KALISPELL, a municipal corporation, Grantee, the following described real property in the County of Flathead, State of Montana: Lots 8, 9, 10, 11, 12, Block 55, Kalispell Original Townsite, according to the map or plat thereof on file and of record -n the office of the Clerk and Recorder of Flathead county, Montana. SUBJECT TO terms and conditions contained in Party Wall Agreement dated May 11, 1901 executed by and between Edward C. Knight and Carrie C. Knight, Walmsley R. Twining, Charles D. Conrad and Alicia D. Conrad, recorded October 4, 1922 in Book 165, Page 339, records of Flathead County, Montana. SUBJECT TO building encroachment of 0.6' as shown: on Certificate of Survey No. 3790. TO HAVE AND TO HOLD the said premises, with their appurtenances unto the said Grantee, its heir and assigns forever. Covenants and Restrictions; 1. Grantee shall use the property conveyed hereby only �Zjr the purpose of operating and maintaining a surface parking facility for a period of ten (10) years next succeeding the execution of this Grant Deed. In the event Grantee ceases to operate or maintain the parking lot, Grantor, at its option, may declare the estate terminated and may repurchase the property for One Hundred and Sixty Thousand Dollars ($160,000.00). 2. At the termination of the tei. (10) year period designated in paragraph 1, supra, the Grantee grants to Grantor the option, for a period of two (2) years, to repurchase said property for a sum to be determined by a qualified appraiser agreed to by the Grantor and Grantee. IN WITNESS WHEREOF Grantor has caused this deed to be executed, and to be signed in its corporate name by A.J. King. , its Vice President , and attested, H:\aCtsect\sap\deeds\uaZ3eygrantrieed.wpd i and its corporate seal hereto to be affixed, by I.L. Hens7.ey , its President this loth day of March 1999. VALLEY BANK OF KALISPELL By: AA zl---';�- Its: ; C, STATE OF MONTANA ) ss County of Flathead ) On this loth day of march 1999, before me, the undersigned, a Notary Public in and for the State of Montana, personally appeared A.1,, Kitte _ vice President and J._f,, ,Hensley / President , known to me to be the persons who executed the within instrument on behalf of the Valley Sank of Kalispell, and acknowledged to me that said persons executed the same, IN WITNESS KIiEREOF, I have hereunto set my hand and affixed my Notarial Seal the day and year first above written. zs" G_«TS Notary Public, State of Montana Residing at Kalispell, Montana — - Z4. My Commission expires: PU130 7 �4�.tz' 1Ga �93\deeds\va11eygxantdeed.wpd STATE OF MONTANA, j )} S5 County of Flathead Recorded at tite request of s this day of t� at o'cioc �vI and recorded in the records of Flathead County, S t of Montana. Owl- flee 5 .Pd. ���� � {fiarha Co ty Clerk and Reco 0 RECEf'T.iON NO. 43n RETURN TO - (Depu[y)