HomeMy WebLinkAboutJames Court Sidewalk Widening, Five Mile Pathaway AL Woodford, LLCCity of Meridian
33 East Broadway Ave., Meridian, ID 83642
PERMANENT EASEMENT CONTRACT
Project Description: James Court Sidewalk WideninE, Five Mile Pathway Connection
Parcel # and Owner: R1079960130— Al Woodford LLC
Date of Offer: 20 November 2018
THIS RIGHT-OF-WAY CONTRACT, made this _day of MQY 20 CIbetween the City of Meridian,
acting by its Mayor and Council, herein called "CITY" and Al Woodford LLC, herein called "GRANTOR".
WHEREAS, subject to the terms outlined below, GRANTOR agrees to deliver to the CITY a Permanent Public Easement,
to allow for widening of an existing pathway segment, included herewith as Exhibit "A"
NOW THEREFORE, the parties hereto agree as follows:
1. CITY shall pay GRANTOR such sums of money and/or benefits as are set out below:
ITEM DESCRIPTION AREA GROSS VALUE VALUATION EASEMENT VALUE
(Fe) ($/Ftz) FACTOR ($)
Permanent Easement 511 $7.46 150% $5,718.09
In consideration of the GRANTOR'S agreement to utilize a valuation of $7.46 per square foot of the property is based
on current assessed value of $80,000 or $324,957.60 per acre.
2. TOTAL EASEMENT CASH SETTLEMENT AMOUNT $ 5,718.09
3. This Contract shall not be binding unless and until executed by the Mayor and/or their authorized representatives. The
parties have herein set out the whole of their agreement, the performance of which constitutes the entire consideration for
the granting of said easement and, upon payment of such consideration by CITY, shall relieve the CITY of all further
claims or obligations on that account.
4. The parties whose names appear below as Grantors, covenant and warrant that they are the OWNERS of the property to
which this document applies, are fully authorized to execute this document and forever bind themselves, their successors
and assigns and the subject property to the terms set forth herein.
IN WITNESS WHEREOF, the parties have executed this contract the day and year first above written.
CITY OF
go
Tammy de WW Mayor
ATTEST:
C.JLColes, Vty Clerk % /�j
Date approved by Council: 3/5— 5 / L
GRANTOR
Al Woodford LLC Q / /A -
By:
Its: -eO14,Z4 i
Date: c.� 13, a20/ 9
Oap,T ED A UGC
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