September 25-26, 2003
ITEM 120-2013-R0903 Approval of Amendment to Quit Claim Deed related to the Sale of Property Owned by Advanced Technology Inc. to Mitchell Development and Investments; Montana State University-Bozeman
THAT: The Board of Regents of Higher Education approve the Amendment to Quit Claim Deed and authorize the Commissioner of Higher Education to execute the Amendment on behalf of the Montana Board of Regents and the President of MSU to execute the Amendment on behalf of MSU.
EXPLANATION: MSU Foundation and ATI are proposing to sell approximately 73 acres of real property to Mitchell Development and Investments.
Approximately 16.06 acres of the property are affected by a Quit Claim Deed executed May 1, 1986 and attached hereto.
MDI has requested that MSU and the Board of Regents execute an Amendment to Quit Claim Deed in which the parties consent to the development and use of the MDI Property for its proposed commercial uses and agree that the commercial use shall not constitute a violation of the conditions of the original Quit Claim Deed.
ATTACHMENT: Amendment to Quit Claim Deed