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Correction Deed Messina Meadows Subdivision No 1 for Park Site - Tuscany Development Incm{ V After Recording Return to: Michael T. Spink Spink Butler, LLP P.O. Box 639 Boise, ID 83701 ADA COUNTY RECORDER J. DAVID NAVARRO AMOUNT 1200 q BOISE IDAHO 11/20/08 04:52 PM DEPUTY Bonnie Oberbilli0 RECORDED"REQUEST OF III 1lIIlI!lII11Illl!!lIIIlNII!!I 111 Lawyers Tllle 108126016 FOR RECORDING INFORMATION 1,"Zlt Z7 CORRECTION DEED OF GIFT This instrument is given to correct the Legal Description in that certain Deed of Gift dated December 29, 2006 and recorded on December 29, 2006 in the official records of Ada County, Idaho, as Instrument No. 106201582. THIS DEED OF GIFT is made effective the 29`" day of December, 2006, between Tuscany Development, Inc., an Idaho corporation ("Grantor"), and City of Meridian, a political subdivision of the State of Idaho whose current address is 33 East Idaho, Meridian, Idaho 83642 ("Grantee"). WITNESSETH: AS A GIFT to Grantee, Grantor does hereby grant and convey to Grantee all of the real property located in the County of Ada, State of Idaho, described on Exhibit A, attached hereto and made a part hereof (hereafter, the "Property'), to be used as a public park ("Park"); TOGETHER with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining. Section 1. Exce fiu ions. This conveyance by Grantor to Grantee is made subject to the following exceptions: All taxes and assessments levied against the Property, including liens and assessments of any irrigation district ("Taxes") for the year in which the conveyance is made shall be prorated between Grantor and Grantee as of the date of this Deed of Gift. Taxes levied and assessed for the prior year shall be paid by Grantor. 2. Easements and rights-of-way for roads, ditches, utilities and other purposes and uses, which easements and rights-of-way are of record or visible upon a physical inspection of the Property. 3. Exceptions, reservations, terms, covenants and conditions of record; provided, however, that Grantee shall not be subject to the Declaration of Covenants, Conditions and Restrictions for Messina Meadows Subdivision No. 1, recorded in CORRECTION DEED OF GIFT — I �4 the records of Ada County, Idaho; and further, Grantee shall not be a member of the Tuscany Homeowners' Association, Inc., or any successor association, nor subject to assessments thereof Section 2. Conditions of Conveyance. TO HAVE AND TO HOLD the Property unto Grantee subject to the following express conditions and covenants which are accepted and agreed to by Grantee (collectively, "Grantee's Covenants"): 1. Grantee covenants and agrees to use the Property to provide community open space and recreation facilities for the citizens of the City of Meridian. All maintenance of the Property shall be undertaken by Grantee, and Grantee shall maintain the Property and all fixtures and equipment in satisfactory park -like condition. 2. Without the prior written consent of Grantor, which consent shall be within the sole and exclusive discretion of Grantor, at no time and under no circumstances shall the Property, or any portion thereof, or the park to be constructed thereon, be utilized for any residential, commercial, industrial or use other than the use of the Property as a Park. Section 3. Term of Grantee Covenants -- Succession. The term of Grantee's Covenants shall commence on the date of recordation of this Deed of Gift, and continue thereafter for a period of thirty (30) years following the date of recordation of this Deed of Gift ("Covenant Term"). From and after the expiration of the Covenant Term, Grantee's Covenants shall automatically terminate and end, and shall be of no further force or effect. Grantee's Covenants shall be a burden on the Property for the benefit of Grantor, its successors and assigns, and shall run with the land. [remainder of page intentionally blank] CORRECTION DEED OF GIFT - 2 EK 37 i #:. f t IN WITNESS WHEREOF, Grantor has caused its name to be subscribed this .2 `7 day of November, 2007. �C4:7�� TUSCANY DEVELOPMENT, INC., an Idaho corporation STATE OF IDAHO ) ) ss. County of Ada ) On this Q '7+� day of November, 2007, before me, the undersigned, a Notary Public in and for said State, personally appeared Gregory B. Johnson, known or identified to me to be the President of Tuscany Development, Inc., the Idaho corporation that executed the within and foregoing instrument, or the person who executed the instrument on behalf of said Idaho corporation, and acknowledged to me that such Idaho corporation 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. =0ysaeo xellcra dsdr $000 iC o `' ®® UBIL Y J'� o®®oo°og®ffi°° 4s� •,tea CORRECTION DEED OF GIFT -3 ` LLQce &2�a= Notaiy Public for Idaho Residing at:r-►cQ.ic..r, =a� Commission Expires: o 0a? EXHIBIT A Legal Description Lot 1 in Block 7, MESSINA MEADOWS SUBDIVISION NO. 1, according to the official plat thereof recorded in Book 97 of Plats at Pages 12176 through 12183, official records of Ada County, Idaho. EXHIBIT A - 1 .................... POLICY OF TITLE INSURANCE SCHEDULE A Amount of Insurance: $456,970.00 Date of Policy: November 20, 2008 at 4:52pm S. Name of Insured: CITY OF MERIDIAN, a political subdivision of the State of Idaho N+osectite 0r .............. No.. Policy No.: A75-2883039 File No.: LT07-14462 2. The estate or interest in the land described herein and which is covered by this policy is fee simple and is at date of policy vested in: CITY OF MERIDIAN, a political subdivision of the State of Idaho 3. The land referred to in this policy is described in the said instrument, is situated in the County of Ada, State of Idaho, and is identified as follows: Lot 1 in Block 7 of MESSINA MEADOWS SUBDIVISION NO. 1, according to the official plat thereof, filed in Book 97 of Plats at Pages 12176 through 12183, and amended by Affidavit recorded January 17, 2007 as Instrument No. 107007534, and further amended by Affidavit recorded January 19, 2007 as Instrument No. 1071008834, and as amended by Amended Record of Survey No. 7763, recorded January 29, 2007 as Instrument No. 107013314, and as further Amended by Affidavit, recorded December 6, 2007 as Instrument No. 107161905, records of Ada County, Idaho. Countersigned: or Agent E. Owsley Policy Is Valid Only If Schedule B is Attached American Land Title Association Owner's Policy - (Rev. 10/17/92) els 41 t. All; F 2�3 qn f: q; yr i(i t: ( . ....... C:>F /. 1� 5 iJ •1.L 1VrA4_ J . L_E 1. -FIL-r]LIE TITLE FEES December 3, 2008 City of Meridian Ted Baird 33 E. Broadway Ave. Ste. 308 Meridian, ID 83642 REFERENCE: LOAN NO. N/A Tuscany Development, Inc. Lot 1 Block 7 Messina Meadows Sub #I 4155 S. Genoard Meridian_ M R1649 FILE # DESCRIPTION AMOUNT LT07-14462 Endorsements Lender's Policy Owner's Poli A75-2883039 $456,970.00 $1,558.25 Reconveyance Fees Recording Fees Gift Deed 1/2 108126016 $6.00 Simultaneous Issue Fee Jr. Loan Policy Re -issue Credit Lok Book Report Total: $1,564.25 1880 N. Cobalt Point Way, Suite 100 Meridian, ID 83642 Phone: 208.433.1021 Tax: 208,433.114D