HomeMy WebLinkAboutEndurance Holdings, LLC Termination Agreement Historic Double Silo Barn MUTUAL TERMINATION AGREEMENT TO THE
AGREEMENT FOR DISASSEMBLY,TRANSPORT,AND OWNERSHIP
OF HISTORIC DOUBLE-SILO BARN COMPONENTS
This MUTUAL TERMINATION AGREEMENT to the Agreement For Disassembly,
Transport, And Ownership Of Historic Double-Silo Barn Components ("Agreement")is made
effective this20th day of May , 2025 ("Effective Date"), by and between the City of
Meridian, a municipal corporation organized under the laws of the State of Idaho ("City"), and
Endurance Holdings LLC, a limited liability company organized under the laws of the State of
Idaho ("Developer"). City and Developer may be collectively referred to as "Parties."
WHEREAS, Developer owns property located at 820 S. Black Cat Road, in Meridian,
Ada County parcel no. S 1215325450 ("Property"), a 27-acre parcel that was formerly the site of
Black Cat Farm, which included an historically significant double-silo barn structure, built in
approximately 1917, as generally depicted in Exhibit A ("Barn"), which Barn was also owned by
Developer;
WHEREAS,Developer agreed to disassemble the Barn; and to label, package,and move
its components, including the beams,trusses, framing, chutes, steel bands, and bricks
("Components") to the Meridian Parks and Recreation Department's maintenance facility,
located at 1700 E. Lanark Street, Meridian, Idaho, and to place them in an area in the outdoor
yard of the maintenance facility to be identified by the Park Superintendent ("Facility");
WHEREAS,with this condition, on May 7, 2024, Meridian City Council approved
application no. H-2023-0045 for the annexation of the Property into Meridian;
WHEREAS,the City received an inquiry from Victory Greens who desires to obtain the
Barn, and the City desires Victory Greens to take ownership of the Barn; and
WHEREAS,in taking ownership of the Barn, Victory Greens has agreed to re-assemble
and display the Barn on their property at either their Victory Greens location or their Victory
Garden location within the City of Meridian; and
WHEREAS,this future display will be in furtherance of the City's interest in preserving
the Barn structure for historical purposes and value as contemplated by the original Development
Agreement related to application no. H-2023-0045 as referenced above and incorporated herein
by reference; and
WHEREAS,the City and Developer agree to mutually terminate the original agreement
and revert ownership of the Barn to Developer to allow Victory Greens to directly take
ownership of the Barn.
NOW,THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged,the parties hereby agree as follows:
TERMINATION AGREEMENT FOR HISTORIC DOUBLE-SILO BARN PAGE 1 OF 2
1. The Parties agree to mutually terminate the Agreement,specifically the responsibilities
listed under Sections I and II of the Agreement.
2. Ownership of the Barn shall revert back to the Developer, and Developer shall have no
responsibility to convey a lot to the City.The City shall have no responsibility,liability,
or obligations to the Barn.
3. Miscellaneous. This Termination Amendment may be executed in one or more
counterparts, each of which shall constitute an original and all of which shall be one
and the same agreement. This Agreement constitutes the entire understanding between
the Parties. This Agreement supersedes any and all statements, promises, or
inducements made by either party, or agents of either party, whether oral or written,
and whether previous to the execution hereof or contemporaneous herewith. The terms
of this Agreement may not be enlarged, modified or altered except upon written
agreement signed by both parties hereto. The validity, interpretation,performance and
enforcement of this Agreement shall be governed by the laws of the State of Idaho,
including, without limitation,Article VIII, Section 3,of the Idaho Constitution. Venue
shall be in the courts of Ada County, Idaho.
IN WITNESS WHEREOF,the undersigned have caused this Agreement to be executed the day
and year first written above.
DEVELOPER:
Endurance Holdings LLC
By: Corey BartH�o;Illmgs
. em
Endurance LLC
CITY:
City of Meridian ATTEST:
Luke Cavener, Council President 5-20-2025 Chris Johnson, City Clerk 5-20-2025
TERMINATION AGREEMENT FOR HISTORIC DOUBLE-SILO BARN PAGE 2 OF 2