HomeMy WebLinkAboutTitle Committment for Silverstone Well Lot 23
RECEIVED
OCT 28 2003
A Pioneer CODlpDDY
PIONEER TITLE COMPANY
OF ADA COUNTY
8151 W. Rifleman Ave. / Boise, Idaho 83704 / (208) 377-2700
CIty of Meridian
City Clerk Office
TO:
City of Meridian
33 East Idaho Ave.
Meridian, ID 83642
Attn: Brad Watson
DATE: October 28,2003
ORDER NO.: 238011
RE:
City of Meridian
The Sundance Company
Enclosed:
Title Commitment
Thank you for giving UB the opportunity to serve you. We appreciate your bUBiness and will strive to merit the
confidence you have shown in us.
If you have any questions, please contact the following:
TITLE OFFICER
Harold E Huston
(208) 373-3679
Fax (208) 373-3792
haro I dh@pioneertitleco.com
ESCROW OFFICER
Janet Blosch
703 S. Americana, Suite 190
(208) 373-3750
Fax (208) 384-9936
janetb@pioneertitleco.com
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OlO REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Minnesota corporation, herain called the Company.
fora valuable consideration. hereby commits to issue its policy or pol icies 01 title insurance, as identified in
ScheduleA,infavoroltheproposadlnsuradnamedinScheduleA,asowner or mortgagee of the estate or
interesIcovered hereby in the land described or ralerrad to in Schedule A, uponpaymentolthepramiumsand
charges there lor: all subject to the provisions of Schedule A and B and to the Conditions and Stipulations
hereof,
This Commitment shall be effective only when the identity 01 the proposa d Insurad and the amount of the
policy or policies committed lor have been insa~ed in Schedule A hereof by the Company, either at the time
of the issuance of this Commitment or by subsaquent endorsament.
This Commitment is praliminaryto the issuance 01 such policy or poli cies of title Insurance and all liability and
obligations heraundershall cease and terminate six months after the eff ectlve date heraoforwhen the policy or policies committed for shall i ssue, whichever
first occurs. provided that the lailureto ISsue such policy orpolicie s is not the fault of the Company.
CONOITIONS ANO STIPULATIONS
1, The term "mortgage", when used hereln,shall include deed of trust trust d eed,or othersacunty instrument.
2, If the proposed Insurad has or acquires actual knowledge 01 anydefact ,lien, encumbrance, adverse claim
orO1hermaneralfectingtheestateorinterastormo~gagetheraoncoveradbythisCommitmentO1herthanthose shown In Schedule B heraol,and sh all fail to
disclosesuchknowledgetotheCompanyinwriting,theCompanyshall be ralieved lrom liability lor any loss or damage rasulting from any a ctofreliancehereon
to the extant the Company is prajudiced by lailure oftheproposad Insure dtosodisclosasuchknowledge,lftheproposadlnsuredshalidisciososuch
knowledge to the Company. orilthe Company otherwise acquires actu al knowledge of any such defect lien, encumbrance, adverse claim or other matter, the
Company at its option may amend Schedule B of this Commitmentacco rdingly.butsuchamendmentshallnO1ralievetlieCompanyfromliabilitypreviously
incurrad pursuant to paragraph 3 of these Conditions and Stipulations,
3, uabilityofthe Company under this Commitment shall be only to thena medproposadlnsuradandsuch
parties included underthedelinition 01 Insured in the lorm of policy or policies committed lor and only for actual loss incurred in reliance h ereon in undertaking
in good faith (alto comply with the raquiraments hereoforlb toelimina teexceptionsshowninScheduleB,or(c/toacquireorcreatetheestateorinterest
or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed
for and such liability is subjecIto the insuring provisions and th eConditionsandStipulationsandtheExciusionslromCoverageolthe form of policy or policies
committed lor in lavorof the proposad Insured which are hereby Incorpora ted byraference and made a part of this Commitment except as expressly mo dilled
herein,
4, AnyacrionoracrionsorrightsofactionIhattheproposadlnsuredmayhaveormaybringagainstthe
Company arising out of the status of the title toth8estat80rint8resl orrheslatus of the mortgageth8reon covered by this Commitmant must b e basad on
and are subject to the provisions 01 this Commitment.
IN WITNESS WHEREOF. Old Republic National Title Insurance Company has caused its corporate name
and seal to be hereunto affixed by its duly authorized olficers on the dat eshown in Schedule A. to be valid when countersigned by a validating officer or other
authorized signatory,
OlO REPUBLIC NATIONAL TITLE INSURANCE COMPANY
A Stock Company
400 Second Avenue South, Minneapolis, Minnesota 5540t
ORT FD,m 252&
",m"" ~".."",."."""""."""",',-,'.".."'.,'.".,".',",..,"'.,.,"'.",.,'"
By ,
Most D ~ {J ~
PreSIdent
A~A~
Secretary
Schedule A
COMMITMENT
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Order No, 238011
I. Effective Date: October 21, 2003 at 7:30:00 AM
2. Policy or Policies to be issued:
Policy Amount
Amount
(a) j¡J Owner's Policy
Proposed Insured: City of Meridian
$70,000.00
$500,00
Endorsements:
(b) 0 Loan Policy
Proposed Insured: NONE
-0-
-0-
Endorsements:
3. The estate or interest in the land described or referred to in this Commitment and Covered herein is:
Fee Simple
4. Title to the Fee Simple estate or interest in said land is at the effective date hereof vested in:
Sundance Investments Limited Partnership, an Idaho limited partnership
5. The land referred to in this Commitment is described as follows:
Lot 2, Block 2 of Silverstone Subdivision, according to the plat thereof, filed in Book 83 of Plats at Pages 9242 thru
9246, records of Ada County, Idaho.
3539
ALTA Commitment Form
Schedule A page 1 of I page(s)
Schedule B - Section II
COMMITMI':N'I
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EXCEPTIONS
Order Number: 238011
Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are
disposed of to the satisfaction of the Company.
I. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the',public records, or
attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for
value the estate or interest or mortgage thereon covered by this Commitment.
2. General Exceptions:
(a) Rights or claims of parties in possession not shown by the public r~ords.
(b) Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate
surveyor inspection of the premises including, but not limited to, insufficient or impaired access or matters
contradictory to any survey plat shown by the public records.
(c) Easements, or claims of easements, not shown by the public records.
(d) Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and
not shown by the public records. '
(e) (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance
thereof; (c) water rights, claims to title to water, whether or not the matters excepted under (a), (b) or (c) are
shown by the public records.
(f) Taxes or special assessments which are not shown as existing liens by the'records of any taxing authority that
levies taxes or assessments on real property or by the public records, Proceedings by a public agency which may
result in taxes or assessments, or notices to such proceedings, whether or not shown by the records of such
agency or by the public records.
.PARAGRAPHS A, B, C, D, E AND F WILL NOT APPEAR AS PRINTED EXCEPTIONS ON EXTENDED
COVERAGE POLICIES, EXCEPT AS TO SUCH PARTS THEREOF, wmCH MAY BE TYPED AS A SPECIAL
EXCEPTION IN SCHEDULE B- SECTION TI.
ORTFORM3541
ALTA Comml1ment Form - 1982
Schedule B-II page 1 of 1 page(s)
Schedule C
COMMITMENT
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SPECIAL EXCEPTIONS
Order Number: 238011
I. General taxes for the year 2003, which are liens, are not yet due and payable.
2. Sewerage charges and special assessment powers of the City of Meridian, No special assessments now show of
record.
3, Liens and assessments of the following district and the rights and powers thereof as provided by law. No
delinquencies appear in the county recorder's office.
District: Nampa Meridian Irrigation District (466-7861)
4. An easement containing certain terms, conditions and provisic;ms affecting a portion of said premises and for the
purposes stated herein '
For: Drainage easement
In Favor of: Nampa Meridian Irrigation District
Recorded: January 15, 1959
Instrument No.: 445351,37 Misc., Pg. 381
5. Terms and provisions set forth in development agreement between the parties herein named.
Between: City of Meridian, a municipal corporation and Sundance Investments Limited Partnership
Dated: July 17, 2001
Recorded: July 26,2001 and October 25,2001
Instrument No.: 101074955 and 101111017
NOTE: Affidavit of Correctness ITomMeridian City Attorney on development agreement recorded October 20,
2001 under Instrument No. 101 II 1016.
NOTE: First Addendum recorded July 12,2002 under Instrument No. 102078394.
6, Terms and provisions of City of Meridian Ordinance No. 920 recorded July 26, 2001 under Instrument No.
101074954.
7. An easement containing certain terms, conditions and provisions affecting a portion of said premises and for the
purposes stated herein
For: Irrigation easement
In Favor of: Silverstone Corporate Center Association
Recorded: April 25, 2002
Instrument No.: 102047751
ORTFORM3541
ALTA Commitment Form .1982
Schedule C page I of2 page(s)
Schedule C
COMMITMENT
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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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SPECIAL EXCEPTIONS
Order Number: 238011
8. Terms and provisions set forth in sewer line late comers agreement between the parties herein named.
Between: G.L. Voigt Development Co., an Idaho Corporation and the City of Meridian
Dated: August 6,2002
Recorded: August 8, 2002
Instrument No.: 102089624
9. Covenants, Conditions, Restrictions and Easements
Dated: April 22, 2003
Executed by: Sundance Investments Limited Partnership, an Idaho limited partnership
Recorded: April 23, 2003
Instrument No,: 103067489
End Of Exceptions
NOTE: General taxes for the year 2002, which were liens, are paid.
Parcel No.: 03-8Sl121223278
Amount: $4,580,20
Said taxes affect said premises and other lands.
NOTE: There is no notice of record and therefore no search has been made for any unpaid assessments, charges
or fees for sewer, water, garbage, irrigation or other possible utility services.
NOTE: If the proposed insured under the Policy to issue has any questions concerning the coverage or
exclusions from coverage, the Company will be pleased to provide an explanation.
NOTE: Pursuant to the State ofIdaho Insurance Regulations, a cancellation fee is to be charged on all canceled
orders. Unless otherwise advised, orders will be considered canceled six months after the effective date on the
Commitment. The amount of the fee assessed shall be in accordance with our rate filing with the Idaho
Department of Insurance.
ORT FORM 3541
ALTACommitmentForm-1982
Schedule C page 2 of2 page(s)
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SILVERSTONE
SUBDIVISION
A PARCEL OF LAND LOCATE:D IN THE W 1/2 OF THE NW 1/4
OF SECTION 2 , TOWNSHIP 3 NORTH, RANGE EAST, BOISE M£RIDIAN,
. N P L AT T r. CITY OF MERDIAN, ADA COUNTY. IDAHO
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SILVERSTONE
SUBDIVISION
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A PARCEL OF LAND LOCATE:D IN THE W 1/2 OF THE NW 1/4
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Meridian City Council Meeting
August 12. 2003
Page 4 of 72
F.
Change Order No.1, Waste Water Treatment Plant Facility Plan
Update:
G.
Change Order No.1, Dissolved Air Flotation Thickener Project:
Corrie: Consent Agenda. Here we go.
Bird: Mr. Mayor?
Corrie: Mr. Bird.
Bird: I move that we approve the Consent Agenda, with the exception of taking Items
C, 0, and moving them to the regular agenda at 5C and 50, and for the Mayor to sign
and the Clerk to attest on proper papers.
McCandless: Second.
Corrie: Okay. Motion has been made and seconded to adopt the agenda as amended.
Any further discussion? Okay, the Consent Agenda Mr. Clerk.
Roll call: McCandless, aye; Nary, aye; de Weerd, aye; Bird, aye.
Corrie: All ayes. Consent Agenda is approved.
MOTION CARRIED: ALL AYES
Item 4.
Department Reports:
A.
Public Works Department:
1.
Tabled from August 5, 2003: Discussion of Silverstone
Corporate Center Well Site, Well No. 23 - Brad Watson:
Corrie: Department reports. Public Works Department. Brad Watson.
Watson: Thank you, Mr. Mayor, Council Members. It's not on your computer, but I put
in your mailboxes yesterday morning a copy of a memo that I wrote to you and a copy
of a letter that Sundance Investments wrote to me, dated August 8th. I called them after
our meeting last Tuesday and related the instructions that you had given me and they
responded with this letter on the 8th, which was in agreement with what I understood the
instructions to be, I don't really have much more than that. I would be happy to answer
any questions. On my memo I did insert a possible motion that you might make, other
than that I have no further comments.
Meridian City Council Meeting
August 12. 2003
Page 5 of 72
Corrie: Okay. Questions from Council? All right. Thank you, Brad. Any comments
there? If not, I will entertain a motion, if you so desire, for the agreement of the $70,000
per our request. Is that what it was, Brad?
Bird: Mr. Mayor?
Corrie: Mr. Bird.
Bird: I would move that we approve the purchase of the land for the well, water well, for
the amount of the $70,000 from Silverstone Development.
Nary: Second.
Corrie: Okay. Motion has been made and seconded to agree to the $70,000 price for
Well Number 23 Lot. Any further discussion? Hearing none, all in favor say aye. All
ayes. Motion carried. Mr. Attorney, would you make sure we have got that -- okay.
Thank you.
MOTION CARRIED: ALL AYES
B.
Planning and Zoning Department:
1.
Request for Waiver I Reduction of Fees for Silverstone
Business Campus PUD Application:
Corrie: Next is the Planning and Zoning Department, request for a waiver of reduction
of fees for Silverstone Business Campus PUD application, Anna.
Powell: Mr. Mayor, Members of the Council, the applicant has requested a waiver of
fees and the Zoning Ordinance does give the City Council the authority to do that. Their
fees for the planned unit development would be approximately $40,000. I believe that
the last time they came through they paid -- they have indicated that they paid -- they
based the fee on their largest building, which was 60,000 square feet. They are asking
to again do that, which would give fees of $3,932.85.
Corrie: Thank you. Discussion? Questions?
Bird: Mr. Mayor?
Corrie: Mr. Bird.
Bird: Anna, what is the department -- what do you guys -- do you have any problems
with reducing the fees or--
Powell: Mr. Mayor, Council Member Bird, it seems hard to justify a fee of $40,000, but
that's certainly the case. It seems a reasonable methodology. We don't have a real