Loading...
HomeMy WebLinkAboutResolution Sub Addendum to DA ADA COUNTY RECORDER J. DAVID NAVARRO AMOUNT .00 21 BOISE IOAHO 03/23/06 02:29 PM ~~~~~E~~~~Q~~~f~l~g 1111111111111111111111111111111111111 Meridian City Public Works 106044348 This sheet has been added to the document to accommodate recording information. Addendum to Development Agreement initially recorded under Instrument No.1 06036647 - Hereby recorded a second time with the addition of a new first page to reflect correct original development agreement recording number (Instrument No.1 00056509) for a total of 21 pages. Addendum to Development Agreement with Edge, LLC. Approved by the Meridian City Council on March 7, 2006 ADDENDUM TO THE DEVELOPMENT AGREEMENT PARTIES: 1. 2. City of Meridian Edge, LLC, Owner/Developer The following is an addendum to that certain DEVELOPMENT AGREEMENT, entered into on the 19th day of July, 2000. This addendum is made and entered into this 2-- ~th day of R-bt1A.(l)vl~ ' 2006, by and between CITY OF MERIDIAN, a municipal corporation of the tate of Idaho, hereafter called "CITY', and Edge, LLC, whose address is PO Box 369, Meridian, Idaho, 83642, hereinafter called "OWNER/DEVELOPER". OWNER / DEVELOPER agrees to be bound by the terms of the original Development Agreement (instrument # 100056509), approved on July 19,2000 on the land described in Exhibit "A", except as specifically regarding item 4.1. 1. The parties hereto agree that the development of the property described in Exhibit "A" shall be in accordance with the terms ofthe above described Development Agreement, exhibit "B", or those City ordinances in effect at that time any subsequent conditional use application is filed, whichever are more restrictive. 2. That item 4.1 of the original Development Agreement, Instrument # 100056509, approved on July 19,2000, be amended by modifying the sentence to read: "With the further restriction that all uses and development of the subject real property shall be governed under the conditional use permit process as a planned development, except for Lot 7, Block 1. All uses and buildings on Lot 7, Block 1, shall be governed under the City's Unified Development Code and shall be subject to administrative design review as set forth in UDC 11-3A-19.". 3. That "Owner/Developer" agrees to abide by all ordinances of the City of Meridian and the "Property" shall be subject to de-annexation of the "Owner/Developer", or their assigns, heirs, or successor shall not meet the conditions of this addendum to the Development Agreement, and any new Ordinances of the City of Meridian as herein provided. 4. This addendum shall be binding upon and insure to the benefit ofthe parties' respective heirs, successors, assigns and personal representatives, including "City's" corporate authorities and their successors in office. This second addendum shall be binding on the "Owner/Developer" of the "Property", each subsequent owner and any other person(s) acquiring an interest in the "Property". Nothing herein shall in any way prevent sale or alienation of the "Property", or portions thereof, except that any sale or alienation shall be subject to the provisions hereon and any successor owner or owners shall be both benefited and ADDENDUM TO DEVELOPMENT AGREEMENT (MI-O5-016 RESOLUTION SUBDIVISION) ADA COUNTY RECORDER J. DAVID NAVARRO BOISE IDAHO 03/09/06 02:08 PM DEPUTY Neava Haney RECORDED-REQUEST OF Meridian City AMOUNT .00 19 '- -'-'-- _.,-'-,._--- ---~/ ADDENDUM TO THE DEVELOPMENT AGREEMENT PARTIES: 1. 2. City of Meridian Edge, LLC, Owner/Developer The following is an addendum to that certain DEVELOPMENT AGREEMENT, entered into on the 19th day of July, 2000. This addendum is made and entered into this ~4-~ day ofjrhnJ () Y'...Å . 2006, by and between CITY OF MERIDIAN, a municipal corporation of the Stà\e of Idaho, hereafter called "CITY', and Edge, LLC, whose address is PO Box 369, Meridian, Idaho, 83642, hereinafter called "OWNER/DEVELOPER". OWNER / DEVELOPER agrees to be bound by the terms of the original Development Agreement (instrument # 10056508), approved on July 19, 2000 on the land described in Exhibit "A", except as specifically regarding item 4. 1. 1. The parties hereto agree that the development of the property described in Exhibit" A" shall be in accordance with the terms of the above described Development Agreement, exhibit "B", or those City ordinances in effect at that time any subsequent conditional use application is filed, whichever are more restrictive. 2. That item 4.1 of the original Development Agreement, Instrument # 10056508, approved on July 19, 2000, be amended by modifying the sentence to read: "With the further restriction that all uses and development of the subject real property shall be governed under the conditional use permit process as a planned development, ej¡£ept for Lot 7, Block 1. All uses and buildings on Lot 7, Block 1, shall be governed under the City's Unified Development Code and shall be subject to administrative design review as set forth in UDC 11-3A-19.". 3. That "Owner/Developer" agrees to abide by all ordinances of the City of Meridian and the "Property" shall be subject to de-annexation of the "Owner/Developer", or their assigns, heirs, or successor shall not meet the conditions of this addendum to the Development Agreement, and any new Ordinances of the City of Meridian as herein provided. 4. This addendum shall be binding upon and insure to the benefit of the parties' respective heirs, successors, assigns and personal representatives, including "City's" corporate authorities and their successors in office. This second addendum shall be binding on the "Owner/Developer" of the "Property", each subsequent owner and any other person(s) acquiring an interest in the "Property". Nothing herein shall in any way prevent sale or alienation of the "Property", or portions thereof, except that any sale or alienation shall be subject to the provisions hereon and any successor owner or owners shall be both benefited and bound by the conditions and restrictions herein ADDENDUM TO DEVELOPMENT AGREEMENT (MI"()5"()16 RESOLUTION SUBDIVISION) PAGE I OF 4 expressed. "City" agrees, upon written request of "Owner/Developer", to execute appropriate and recordable evidence of tennination of this addendum if "City", in its sole and reasonable discretion, had determined that "Owner/Developer" has fully performed its obligations under this Addendum. 5 . If any provision of this addendum is held not valid by a court of competent jurisdiction, such provision shall be deemed to be excised trom this addendum and the invalidity thereof shall not affect any of the other provisions contained herein. 6. This addendum sets forth all promises, inducements, agreements, condition, and understandings between "Owner/Developer" and "City" relative to the subject matter hereon, and there are no promises, agreements, conditions or understanding, either oral or written, express or implied, between "Owner/Developer" and "City", other than as are stated herein. Except as herein otherwise provided, no subsequent alteration, amendment, change or addition to this second addendum shall be binding upon the parties hereto mùess reduced to writing and signed by them or their successors in interest or their assigns, and pursuant, with respect to "City", to a duly adopted ordinance or resolution of "City". a. Except as herein provided, no condition governing the uses and/or conditions governing development of the subject "Property" herein provided for can be modified or amended within the approval of the City Council after the "City" has conducted public hearing(s) in accordance with the notice provisions provided for a zoning designation and/or amendment in force at the time of the proposed amendment. 7. This addendum shall be effective as of the date herein above written. ADDENDUM TO DEVELOPMENT AGREEMENT (MI.{)5.{)I6 RESOLUTION SUBDMSION) PAGE 2 OF 4 ACKNOWLEDGMENTS IN WITNES S WHEREOF, the parties have herein executed this agreement and Made it effective as hereinabove provided. OWNERIDEVELOPER: EDGE, LLC CITY OF MERIDIAN BY~~ ~ . Mayor T e Weerd ~-þ~ ~ tlliam G. Berg, Jf., City rkl STATE OF IDAHO) : ss: County of Ada, ) On this '21{1- day of ];..bv-, ' 2006, before me, the undersigned, a Notary Public in and for said State, personally appeared Corey D. Barton, on behalf of Edge, LLC, known or identified to me to be the R~~;(~¡.J+-- of said corporation, who executed the instrument on behalf of said corporation, and acknowledged to me that he executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this . ~e first above written. III, ...o(\~' Mc..t"l"\,.. J 4&V'. -"0. ~:¡';;,. ~ \~ 1 [; {.I . (SEAL) ~-r "OTAllþ'U;~~~,'\ ~ JV\. r------ . ",.~. Notary PublIc for Idaho -.- <¡ ,~ , þ (, iT Š Residing at:. b.. oJ . ~ UB L \ fþ""ø~~;) i My Commission Expires: 5- ." ')" ....- ~Sr ..4- ... ""Ii OF \\) r:~~.."" ADDENDUM TO ~~ih AGREEMENT (MI-O5-O16 RESOLUTION SUBDMSION) PAGE 3 OF 4 STATE OF IDAHO) : ss County of Ada ) On this"=f'h day of f'lo..Je}ì , 2006, before me, a Notary Public, personally appeared Tammy de Weerd and William G. Berg, Jr., know or identified to me to be the Mayor and Clerk, respectively, of the City of Meridian, who executed the instrument or the person that executed the instrument of behalf of said City, and acknowledged to me that such City executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. ...,.. .. ....:\\Â At .-. . ~~-~----..:. Q~~. .. --:~O T """"~.. : (~AL) ~,:¿\~ \ . I I . . : I . . , : . ~\ ' . \~ '. . .. ' . .~~""".._Jç~--~' ..- -..OF' IDÂ.\\':-. "Ii...... y Notary Public for Idaho Residing at: Commission expires: 10-11-11 ADDENDUM TO DEVELOPMENT AGREEMENT (Ml-O5-O16 RESOLUTION SUBDIVISION) PAGE 4 OF 4 e 8 EXHIBIT A Legal Description Of Property A parcel of land including a portion of the right.ot.way of Locust Grove and Overland Road, lying in the NW 1/4 of Section 20, Township 3 North, Range 1 East, Boise Meridian, Ada County, Idaho, more particularly described as follows: Commencing at the northwest corner of Section 20, T. 3N., R. IE., B.M., the RE.t\L POINT OF BEGINNING of this description; Thence S 00°34'14" W 970.53 feet along the west line of the NW 1/4 to a . point; Thence N 89°59'19" E 849.95 feet to a point on the centerline of the Hunter Lateral; Thence iN 05°29'17" W 140.30 feet along said centerline to a point; Thence N 16°14108" W 216.98 feet along said centerline to a point; Thence N 18°27'39" W 470.81 feet along said centerline to point; Thence N 07°06'04" W 175.77 feet along said centerline to a point on the centerline of Overland Road, which is also the north line of said NW 1/4; Thence N 89°52'19" W 595.39 feet along said north line to the REAL POINT :OF BEGINNING of this description; , Said parcel of land contains 16.119 acres more or less. DEVELOPMENT AGREEMENT (AZ-OQ..OO4) - 15 .. ;;. , l'ARTIES: 1. . 2. Exh,bl~ '6' -- ADA COUNTY RECORDER J. DAVID NAVARRO emSE. IDAHO 200DJL20 PH 1:31J DEVELOPMENT AGREEMENT City of Meridian , Overland 16, L.L.C., Owner/Devèloper THIS DEVELOPMkNT AGREEMENT (this "Agreement"), is made and entered into this !8 - day of ~~, 2000, by and between CITY OF MERIDIAN, a municipal corpo tion of the State of Idaho, hereafte~ called "CITY", and OVERLAND 16, L.L.C., hereinafter called "OWNER/DEVELOPER", whose address is 6223 N. Discovery Way, Boise, Idaho 83713. 1. RECITALS: 1.1 WHEREAS, '~Owner/Developer" is the sole owner, in law and/or equity, of certain traçt of land in the County of Ada, State of Idaho, described in Exhibit A, which is , attached hereto and by this reference incorporated herein as if set forth in full, herein after referred to as the "Property"; and 1.2 WHEREAS, r.c. §67-65 11 A, Idaho Code, provides that cities may, by ordinance, require or pennit as a condition of re-zoning that the owner or "Owner/Developer" make a written commitment concerning the use or development of the subject "Property"; and 1.3 WHEREAS, "City" has exercised its statutory authority by the enactment of Ordinance 11-15-12 and 11-16-4 A, which autÌlorizes development agreements upon the annexation and/or re-zoning of land; and . 1.4 . WHEREAS, "OwnerlDeveloper" has ~mitted an application for a~exation and zoning of the "Property"s described in Exhibit A, and has requested a designation of Neighl2m:.hood Business District (C-N), (Meridian City Code §§ 11-7-2 H); and DEVELOPMENT AGREEMENT (AZ-OO-OO4) - 1 -' e 1.5 WHEREAS, "Owner/Developer" made representations at the public hearings both before the Meridian Planning & Zoning Commission and before the Meridian City Council, as to how the subject "Property" will be developed and what improvements will be made; and 1.6 WHEREAS, record of the proceedings for the requested annexation and zoning designation of the subject "Property" held before the Plaruùng & Zoning Commission, and subsequently before the City Council, - include responses of government subdivisions providing services within the City of Meridian planning jurisdiction, and received further testimony and comment; and WHEREAS, City Council, the 2Ð~ay of Ji¡.fI..£-., 2000, has approved certain Findings of Fact and Conclusions df Law and Decision and Order, set forth in Exhibit ß, which are attached hereto and by this reference incorporated herein as if set forth in full, ,hereinafter referred to as (the "Findings"); and 1.7 1.8 WHEREAS, both the "Findings" require the "Owner/Developer" to enter into a development agreement before the City Council takes final action on annexation and zoning designation; and 1.9 "DEVELOPER" deems it to be in its best interest to be able to enter into this Agreement and acknowledges that this Agreement was entered into voluntarily and at its urging and requests; and ' 1.10 WHEREAS, "City" requires the "Owner/Developer" to enter into a development agteement for the purpose of ensuring that the "Property" is developed and the subsequent use of the "Property" is in accordance with the tenus and conditions of this development agreement, herein being established as a result of evidence received by the "City" in the proceedings for annexation and zoning . DEVELOPMENT AGREEMENT (AZ-OO-OO4) ,- 2 8 8 designation from government subdivisions providing services within the planning jurisdiction and from affected property owners and to ensure annexation and zoning designation is in accordance with the Comprehensive Plan of the City of Meridian adopted December 21, 1993, Ordinance #629, January 4, 1994, and the Zoning and Development Ordinances codified in Meridian City Code Title 11 and Title 12.- - NOW, THEREFORE, in consideration of the covenants and conditions set forth herein, the parties agree as follows: 2. INCORPORATION OF RECITALS: That the above recitals - are contiactual and binding and are incorporated herein as if set forth in full. 3. ' DEFINITIONS: For all purposes of this Agreement the following words, tenus, and phrases herein contained in this section shall be defined and interpreted as herein provided for, unless the clear context of the , presentation of the same requires otherwise: 3.1 "CITY": means and refers to the City of Meridian, a party to this Agreement, which is a municipal Corporation and government subdivision of the state of Idaho, organized and existing by virtue of law of the State of Idaho, whose address is 33 East Idaho Avenue, Meridian, Idaho 83642. 3,2 "DEVELOPER"/"OWNER": means and refers to Overland 16, L.L.c., whose address is 6223 N. Discovery Way, Boise. Idaho 83713, the party developing said "Property" and shall include any subsequent owner(s)/developer(s) of the "Property", 3,3. "PROPERTY": means and refers to that certain parcel(s) - of "Property" located in the County of Ada, City of Meridian as described in Exhibit "A". attached hereto and by this reference incorporated herein as if set forth at length, DEVELOPMENT AGREEMENT (AZ.~OO4) . 3 8 48 4. USES PERMI'ITED BY THIS AGREEMENT: 4.1 The uses allowed pursuant to this Agreement are only those uses allowed under "City"'s Zoning'Ûrdinance codified at Meridian City Code Sections 11~7-2 H which are herein specified as follows: (C.N) Neighborhood Business Pistrict: The purpose of the C.N District is to permit the establishment of small scale convenience business uses which are intended to meet the dialy needs of the residents of an immediate neighborhood (as defined by the policies of the Meridian Comprehensive Plan); to encourage clustering and strategic siting of such businesses to provide service to the neighborhood and avoid intrusion of such uses into the adjoining residential districts. All such districts shall give direct access to transportation arterial or collectors, be connected to the Municipal water and sewer systems of the City. and shall not constitute all or any part of a strip development concept. With the further restriction that all uses and development of the subject real property shall be governed under the conditional use permit process as a planned development. For the construction and development of a planned commercial development. 4.2 No change in the uses specified in this Agreement shall be allowed without modification of this Agreement. 5. , DEVELOPMENT IN CONDITIONAL USE: "Developer"/"Owner" have submitted to "City" an application for conditional use pennÎt, and shall be required to obtain the "City"'s approval thereof, in accordance to the City's Zoning & Development Ordinance criteria, therein, provided, prior to, and as a condition of, the commencement of construction of any buildings or improvements on the "Property" that require a conditional, use pennit. . , DEVEWP~NT AGREEMENT (AZ-OO-004) - 4 8 8 6. CONDITIONS GOVERNING DEVELOPMENT OF SUBJECT PROPERTY: 6A "Developer"/"Owner" shall enter into a Development Agreement, that provides in the event the conditions therein are not met by the Developer that the property shall be subject to de-annexation, with the City of Meridian which provides for the following conditions of development to-wit: 6.1 The zoning shall be a lower intensity commercial zone, Neighborhood Commercial (C-N), rather than C-G, for the property described in the application subject to signing a development agreement. 6.2 Any existing irrigation/drainage d.itches crossing the property to be included in this project shall be tiled per City Ordinance. The ditches to be piped shall be shown on the site plans. Plans shall be approved by the appropriate irrigation/drainage district, with written confIrmation of said approval subnúued to the Public Works Department. No variances have been requested for tiling of any ditches crossing this project. 6.3 Any existing domestic wells andlor septic systems within this project shall have to be removed from their domestic service per City Ordinance. Wells may be used for non- domestic purposes such as landscape irrigation. 6.4 Off-street parking shall be provided in accordance with City of Meridian Zoning and Development Ordinance and/or as detailed in site-specific requirements. 6.5 Paving and striping-shall be in accordance with the standards set forth in the City of Meridian Zoning and Development Ordinance and in accordance with Americans with Disabilities Act (ADA) requirements. DEVELOPMENT AGREEMENT (AZ-OO-O04) - 5 ._------"- -. . u_- 8 8 6.6. A drainage plan designed by a State of Idaho licensed' architect or engineer is required and shall be submitted to the City Engineer for all off~~treet parking areas. All site drainage shall be contained and disposed of on-site. ,6.7 Outside lighting shall be designed and placed so as not to direct illumination on any nearby residential areas and in accordance with City Ordinance Section. 6.8 All signage shall be in accordance with the standards set - forth in the City of Meridian Zoning and Development Ordinance. No temporary signage, flags, banners or flashing signs will be permitted. 6.9 Provide five-foot-wide sidewalks in accordance with City Ordinance. 6.10 All construction shall conform to the requirements of the Americans with Disabilities Act. 6.11 Developer shall, in any future development, in,sure that emergency vehicular access through this property from Locust Grove Road to the parcel lying to the east (RZ-OO. 003) shall be designed and built. 7.. COMPLIANCE PERIOD/ CONSENT TO REZONE:. This Agreement and the commiunents contained herein shall be tenninated, and the zoning designation reversed, upon a default of the "Developer"/"Owner" or "Developer"'sI"Owner's" heirs, successors, assigns, to comply with Section 6 entitled "Conditions- Governing Dev.elopment of subject "Property" of this agreement within two years of the date this Agreement is effective; and after the "City" has complied with the DOrice and hearing procedures as outlined in I.c. § 67-6509, or any subsequent amendments or recodific:ations thereof. DEVELOPMENT AGREEMENT (AZ-OO-O04) - 6 8 8 ,8. CONSENT TO DE-ANNEXATION AND REVERSAL OF ZONING DESIGNATION ' "Developer"/"Owner" consents upon default to the de-annexation and/or a reversal of the zoning designation of the "Property" subject to and conditioned upon the following conditions precedent to-wit: , 8.1 That the "City" provide written notice of any failure to comply with this Agreement to "Developer"/"Owner" and if the "Developer"/"Owner" fails to cure such failure within six (6)months:of such notice. 9. INSPECTION: "Developer"/"Owner" shall, inunediately upon completion of any portion or the entirety of said development of the "Property" as required by this agreement or by City ordinance or policy, notify the City Engineer and request the City Engineer~s inspections and written approval of such completed improvements or portion thereof in accordance with the terms and conditions of this Development Agreement and all other ordinances of the "City" that apply to said Development. 10. DEFAULT: 10.1 In the event "Developer"/"Owner", "Developer"'s!"Owner's" heirs, successors, assigns, or subsequent owners of the "Property" or any other, person acquiring an mterest in the "Property" fail to faithfully comply with all of the terms and conditions included in this Agreement in connection with the "Property", this Agreement may be modified or terminated by the "City" upon compliance with the requirements of the Zoning Ordinance. 10.2 A waiver by "City" of any default by "Developer"/"Owner"'of anyone or more of the covenants or conditions hereof shall apply solely to the breach and breaches waived and shall not bar DEVELOPMENT AGREEMENT (AZ-OO-OO4) - 7 --.--~~ 8 8 any other rights or remedies of "City" or apply to any subsequent breach of any such or other covenants and conditions. 11. REQUIREMENT FOR RECORDATION: "City" shall record either a memorandum of this Agreement or tlùs Agreement, including all of the Exhibits, at "Developer"'s,I"Owner's" cost, and submit proof of such recording to "Developer"/"Owner", prior to the third'reading of the Meridian Zoning Ordinance in connection with the annexation and zoning of the "Property" by the City Council. If for any reason after such recordation, the . City Council fails to adopt the ordinance in connection with the annexation and zoning of the "Property" contemplated hereby, the "City" shall execute . and record an appropriate instrument of release of this Agreement. 12. ZONING: "City" shall, following recordation of the duly approved Agreement, enact a valid and binding ordinance zoning the "Property" as specified herein. ,13. REMEDIES: This Agreement shall be enforceable in any , court of competent jurisdiction by either "City" or "Developer"/"Owner", or by any successor or successors in title or by the assigns of the parties hereto.. , Enforcement may be sought by an appropriate action at law or in equity to secure the specific perfonnance of the covenants, agreements, conditions, and obligatiQTIS contained herein. 13.1 In the event of a material breach of this Agreement, the parties agree that "City" and "Developer"/"Owner" shall have thirty (30) days after delivery 'of notice of said breach to correct the same pri,or to the non~breaching party's seeking of any remedy provided for herein; provided, however, that in the case of any such defalÙt which cannot with diligence be cured within such thirty (30) day period, if the defaulting party shall conunence to curè the same within such thirty (30) day period and thereafter shall prosecute the curing of same with diligence and continuity, then the time allowed to cure such failure m~y be extended for such period DEVELOPMENT AGREEMENT (Az..OO-004) . 8 ,- ,,-- -~_. m 8 8 as may be necessary to complete the curing of the same with diligence and continuity. 13.2 In the event the performance of any covenant to be performed hereunder by either "Developer"/"Owner" or "City" is delayed for causes which are beyond the reasonable control of the patty responsible for such perfonnance, which shall include, without limitation, acts of civil disobedience, strikes or sinùlar causes, the time for such performance shall be extended by the amount of time of such delay. 14. SURETY OF PERFORMANCE: The "City" may also require surety bonds, irrevocable letters of credit, cash deposits, certified check or negotiable bonds, as allowed under Meridian City Code §I2-S-3, to insure that ins~lation of the improvements, which the "Developer" agrees to provide, if required by the "City". . 15.. CERTIFICATE OF OCCUPANCY: The "Developer"/"Owner" agrees that no Certificates of Occupancy will be issued until all Improvements are completed, unless the "City" and "Developer"/"Owner" have entered into an addendum agreement stating when the improvements will be completed in a phased developed; and in any event, no Certificates of Occupancy shall be issued in any phase in which the improvements have not been installed, completed, and accepted by the "City". 16. ABIDE BY ALL CITY ORDINANCES: That "Deve1oper"/"Owner" agrees to abide by all ordinances of the City of Meridian and the "Property" shall be subject to de-aIUlexation if the owner or his assigns, heirs, or successors shall not meet the conditions .contained in the Findings of Fact and Conclusions of Law, this Development Agreement, and the Ordmances of the City of Meridian. 17. NOTICES: Any notice desired by the parties and/or required by this Agreement shall be deemed delivered if and when personally delivered or three (3) days after deposit in the United States Mail, registered or certified mail, postage prepaid, return receipt requested, addressed as follows: . DEVELOPMENT AGREEMENT (AZ-OO.OO4) - 9 8 .8 CITY: OWNER/DEVELOPER: c/o City Engineer City of Meridian 33 E. Idaho Ave. Meridian, ID 83642 Overland 16, L.LC. 6223 N. Discovery Way Boise, Idaho 83713 with copy to: City Clerk City of Meridian 33 E. Id~o Ave; Meridian, ID 83642 17.1 A party shall have the right to change its address by delivering to the other pany a written notification thereof in accordance with the requirements of this section. ' 18. ATTORNEY FEES: ,Should any litigation be commenced between. the parties hereto concerning this Agreement, the prevailing party shall be entitled, in addition to any other relief as may be granted, to court costs an" reasonable attorney's fees as detennined by a Court of competent . jurisdiction. This provision shall be deemed to be a separate contract between the panies and shall survive any default, tennination or forfeiture of this Agreement. , 19.: TIME IS OF THE ESSENCE: The parties hereto acknowl~dge and agree that time is strictly of the essence with respect to each and every term, condition and provision hereof, and that the failure to timely perfonn ~ny of the obligations hereunder shall constitute a breach of and a default under this Agreement by the other party so failing to perform. 20. BINDING UPON SUCCESSORS: This Agreement shall be bindip,g upon and inure to the benefit of the parties' respective heirs, successors, assigns and'personal representatives, including "City"'s corporate authorities and their successors in office. This Agreement shall be binding on the owner of the "Property", each subsequent owner and any other person DEVELOPMENT AGREBMENT(AZ.oo..O04) -10 8 8 acquiring an interest in the "Property". Nothing herein shall in any way prevent sale or alienation of the "Propeny", or portions thereof, except that any sale or alienation shall be subject to the provisions hereof and any successor owner or owners shall be both benefitted and bound by the conditions and restrictions herein expressed. "City" agrees, upon written request of "Developer", to execute appropriate and recordable evidence of termination of this Agreement if "City", in its sole and reasonable discretion, had detemùned that "Developer" has fully performed its obligations under this , Agreement. 21.: INY ALID PROVISION: If any provision of this Agreemeht is held not valid by a court of competent jurisdiction, such provision shall be deemed to be excised from this Agreement and the invalidity thereof shall not affect any of the other provisions contained herein. 22. FINAL AGREEMENT: TIùs Agreement sets forth all promises, inducements, agreements, condition and understandings between "Owner/Peveloper" and "City" 'relative to the subject matter hereof, and there are no promises, agreements, conditions or understanding, either oral or written, express or implied, between "Owner/Developer" and "City", other than as are stated herein. Except as herein otherwise provided. no subsequent alteration, amendment, change or addition to this Agreement shall be binding ~pon thè parties hereto unless reduced to writing and signed by them or their successO:rS in interest or their assigns, and pursuant, with respect to "City" to a duly a<:lopted ordinance or resolution of "City". 22.1 No condition governing the uses and/or conditions governing development of the subject "Property" herein provided for can be modified or amended without the approval of the City Council after the ""City" has conducted public hearing(s) in accordance with the notice provisions provided for a zoning designation and/or amendment in force at . the time of the proposed amendment. DEVELOPMENT AGREEMENT (AZ-OO-OO4) - 11 8 e. 23. EFFECTIVE DATE OF AGREEMENT: TIùs Agreement shall be effective on the date the Meridian City Council shall adopt the amendment to the Meiidian Zoning Ordinance in connection with the annexation and zoning of the "Property" and execution of the Mayor and City Clerk. DEVELOPMENT AGREEMENT (AZ-Oo.OO4) - 12 - 8 ACKNOWLEDGMENTS IN WITNESS WHEREOF, the parties have herein executed this agreement and Made it effective as hereinabove provided. OVERlAND 16, LLC. BY'~ . Man ng Member CITY OF MERIDIAN Jl . ~þ'&~~a City Oerk !L-7 ~ BY RESOLUTION NO. ~ J:3 BY: DEVELOPMENT AGREEMENT (AZ-OO-O04) . 13 ,.. -_u. '" 8 e STATE OF IDAHO ) ) :ss COUNTY OF ADA On this ~ day of ~ . in the yeaI 2000, before me, ~e cA- ~. 7J¡;w~a tary Public, ~sonaIly appeared ¡:¿ I t! u:H ~ ~ Ý E.If 'and f.i A ~ ,¿¡ ¿ 1/,.¡.PnJ , known or identified to me to be the Managing Membe of Overland 16, LLC., who executed the instrument on behalf of said Limited liability Corporation and acknowlcd~:,ne:.having executed the same. '~"""""C~L.BO~ ~~~~ c; ~8M$. þ;.~~ .. . ~,~..,Q "~I..~ 0 I (:OF. TA ~.~~.. - . ~ (SEAL) : ~ ¡ ~o il}' ~ ~ : tary PublIc for Idaho . * . _e- .. "'. . c.. . d. '\/ .-¡lfL :. \ t. :: ", ~ omnusSlOn expIres: 7~ ""'" vt"" , ~. }>rrn....\ ," :: . ~ v~- ~ ~ , ':\" '. " ') ~, ""','0'.. ":-"':1' 0 """"1""~-"""""""-":--l-" STATE OF ID~ti3' (J~ ~?~~:,...~ . ~':ltl/if",&lf.~ :ss County of Ada ) On this r ßf!1-. day of ~ , in the year 2000, before me, a Notary Public, personally appeared Robert D. Corrie and William, G. Berg, know or identified to me to be the Mayor and Clerk, respectively, of the City of Meridian, who executed the instrument or the person that executed the instrument of behalf of said City, and acknowledged to me that such City executed the same. ' '(SEAL) , ...,...... .. <ð. U,..... ....1 p..:.._~v .. ..ð."t;" 'fA h"" -- ~~/.."Jo..O -~Jo.\ .. . r......- - \ . . \ . =~I *.. * : : : \ : : . \ / . . \ . . .- d\.....ftæt.\ç,/ .&0.- ..~?iõïi?~. ........- ~~it.- Notary P ic f, aho Commission expires: tq ....z,þ-OÞ DEVELOPMENT AGREEMENT (AZ-OO-O04) - 14