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20120629101003409 (Parcels 3, 4, and 5)HM(p{ Hirt American Title Transmittal firstAlmencan Title and Escrow Company 9465 W Emerald St, Ste 260 Boise, in 83704 Phn - (208)375-0700 Fax -(866)395-5708 City of Meridian June 15, 2012 33 E. Broadway Avenue File No: 4101-1869981 Meridian, ID 83642 Property: 0000 W. Cherry Lane, 0000 N. Chapman Lane, Meridian, ID 83642 Enclosed please find the following, per your request: Original Owners policy and Warranty Deed Should you have any questions or need further assistance, please contact us. We appreciate the opportunity to serve you. Sincerely, -Ikv,7 4�- cc'� Mayl-in Carlsen, Title Officer Page 1 of 1 Form No. 1402.06 Policy Page 1 ALTA Owner's Policy (6-17-06) Policy Number: 1869981 1100302PO50600 OWNER'S POLICY OF TITLE INSURANCE ISSUED BY First American Title Insurance Company notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be n to the Company at the address shown in Section 19 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation (the "Company) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to Insurance against loss from (a) A defect in the Title caused by (i) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly fled, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 9. No right of access to and from the Land. i. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (a) the occupancy, use, or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; (c) the subdivision of land; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. i. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated in Schedule A or being defective (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the tifle to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors'rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Tide or other matter included in Covered Risks 1 through 9 that has been created or attached or has beenfiled or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this policy, but only to the extent provided in the Conditions. First American Title Insurance Company Form No. 1402.06 ALTA Owner's Policy (6-17-06) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (1) the occupancy, use, or enjoyment of the Land; (11) the character, dimensions, or location of any improvement erected on the Land; (III) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting In no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risks 9 and 10); or (e) resulting In loss or damage that would not have been sustained if the Insured Claimant had paid value for the Tide. 4. Any claim, by reason of the operation or federal bankruptcy, state Insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. S. Any lien on the Ttle for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other Instrument of transfer in the Public Records that vests Title as shown in Schedule A. CONDITIONS 1. DEFINITION OF TERMS The following terms when used In this policy mean: (a) "Amount of Insurance": The amount stated In Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. (b) "Date of Policy": The date designated as "Date of Policy" In Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured": The Insured named In Schedule A. (1) The term "Insured" also Includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; (C) successors to an Insured by Its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) If the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly-owned by the same person or Entity, or (4) If the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named In Schedule A for estate planning purposes. Policy Page 2 Policy Number: 1869981 (II) With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e) "Insured Claimant": An Insured claiming loss or damage. (f) "Knowledge" or "Known": Actual knowledge, not constructive knowledge or notice that may be Imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Tide. (g) "Land": The land described In Schedule A, and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement In abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. (1) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), "Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land Is located. ()) "Title": The estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the TiLle or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest In the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force In favor of any purchaser from the Insured of either (1) an estate or Interest In the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) or these Conditions, (il) In case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Tide, as Insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, Is rejected as Unmarketable Title. If the Company is prejudiced by the failure or the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudioe. 4. PROOF OF LOSS In the event the Company is unable to determine the amount or loss or damage, the Company may, at Its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter Insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. S. DEFENSE AND PROSECUTION OF ACTIONS (a) Upon written request by the Insured, and subject to the options contained In Section 7 of these Conditions, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured In litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of Its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured In the defense of those causes of action that allege matters not insured against by this policy. (b) The Company shall have the right, In addition to the options contained in First American Title Insurance Company Form No. 1402.06 ALTA Owners Policy (6-17-06) Section 7 of these Conditions, at Its own cost, to Institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as Insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises Its rights under this subsection, It must do so diligently. (c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court of competent jurisdiction, and It expressly reserves the right, In its sole discretion, to appeal any adverse judgment or order. 6. DUTY OF INSURED CLAIMANT TO COOPERATE (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, Including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company all reasonable aid (1) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (II) in any other lawful act that In the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. if the Company Is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall terminate, Including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, In whatever medium maintained, Including books, ledgers, checks, memoranda, correspondence, reports, e -malls, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant Its permisslon, In writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All Information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary In the administration of the claim. Failure of the Insured Claimant to submit For examination under oath, produce any reasonably requested Information, or grant permission to secure reasonably necessary Information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any Ilabllity of the Company under this policy as to that claim. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY In case of a claim under this policy, the Company shall have the following additional options: (a) To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys' fees, and expenses Incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company Is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, Including any liability or obligation to defend, prosecute, or continue any litigation. (b) To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. (i) To pay or otherwise settle with other parties for or In the name of an Insured Claimant any claim Insured against under this policy. In addition, the Company will pay any costs, attorneys' fees, and expenses Incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company Is obligated to pay; or (II) To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs, Policy Page 3 Policy Number: 1869981 attorneys' fees, and expenses Incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company Is obligated to pay. Upon the exerclse by the Company of either of the options provided for In subsections (b)(I) or (ii), the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. B. DETERMINATION AND EXTENT OF LIABILITY This policy Is a contract of indemnity against actual monetary loss or damage sustained or Incurred by the Insured Claimant who has suffered lass or damage by reason of matters insured against by this policy. (a) The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of (1) the Amount of Insurance; or (II) the difference between the value of the Title as Insured and the value of the Title subject to the risk Insured against by this policy. (b) If the Company pursues Its rights under Section 5 of these Conditions and Is unsuccessful in establishing the Title, as Insured, (i) the Amount of Insurance shall be Increased by 10%, and (II) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c) In addlUon to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. LIMITATION OF LIABILITY (a) If the Company establishes the Title, or removes the alleged defect, Igen, or encumbrance, or cures the lack of a right of access to or from the Land, or cures the claim of Unmarketable Title, all as Insured, In a reasonably diligent manner by any method, including litigation and the completion of any appeals, It shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. (b) In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. (c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured In settling any claim or suit without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment. 11. LIABILITY NONCUMULATIVE The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken In Schedule B or to which the Insured has agreed, assumed, or taken subject, or which Is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under this policy. 12. PAYMENT OF LOSS When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made within 30 days. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (a) Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies In respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant In any transaction or litigation Involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of Its right to recover until after the Insured Claimant shall have recovered its loss. First American Title Insurance Company Form No. 1402.06 ALTA Owner's Policy (6-17-06) (b) The Company's right of subrogation includes the rights of the Insured to Indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any terms or conditions contained in those Instruments that address subrogation rights. 14. ARBITRATION Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ("Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its Issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance Is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbltrator(s) may be entered in any court of competent jurisdiction. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT (a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (b) Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. (c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. Policy Page 4 Policy Number: 1869981 (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (I) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. 16. SEVERABILITY In the event any provision of this policy, In whole or In part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be Invalid, but all other provisions shall remain in full force and effect. 17. CHOICE OF LAW; FORUM (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefore In reliance upon the law affecting interests in real property and applicable to the Interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land Is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land Is located to determine the validity of claims against the Title that are adverse to the Insured and to Interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at 1 First American Way, Santa Ana, CA 92707, Attn: Claims Department. POLICY OF TITLE INSURANCE A M IT C k r, e/ First American Title Insurance Company Form No. 1902.06 ALTA Owner's Policy (6-17-06) SCHEDULE A First American Title Insurance Company Name and Address of Title Insurance Company: First American Title Insurance Company 9465 W. Emerald, Suite 260 Boise, ID 83704 File No.: 4101-1869981 Policy No.: 1869981 Address Reference: 0000 W. Cherry Lane, 0000 N. Chapman Lane, Meridian, ID 83642 Amount of Insurance: $263,550.00 Premium: $1,043.00 Date of Policy: May 11, 2012 at 10:55 A.M. 1. Name of Insured: City of Meridian 2. The estate or interest in the Land that is insured by this policy is: Fee Simple 3. Title is vested in: City of Meridian, an Idaho Municipal Corporation 4. The Land referred to in this policy is described as follows: Policy Page 5 Policy Number: 1869981 Real property in the City of Meridian, County of Ada, State of Idaho, described as follows: PARCEL D AMENDED A PARCEL OF LAND LOCATED IN THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 3 NORTH, RANGE 1 WEST, BOISE MERIDIAN, ADA COUNTY, IDAHO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE QUARTER SECTION CORNER COMMON TO SECTIONS 4 AND 9 OF SAID TOWNSHIP 3 NORTH, RANGE 1 WEST; THENCE NORTH 89047'09" WEST, 665.40 FEET (FORMERLY DESCRIBED AS NORTH 89037'20" WEST) ON THE SECTION LINE COMMON TO SAID SECTIONS 4 AND 9; THENCE LEAVING SAID SECTION LINE, NORTH 00020'14" EAST, 1271.87 FEET (FORMERLY DESCRIBED AS NORTH 002830" EAST, 1271.98 FEET) ON THE WESTERLY BOUNDARY LINE OF THAT PARCEL OF LAND DESCRIBED IN WARRANTY DEED INSTRUMENT NUMBER 451361 OF ADA COUNTY RECORDS TO A FOUND HALF-INCH REBAR ON THE NORTHERLY SIDE OF THE TEN MILE DRAIN DITCH; THENCE REVERSING DIRECTION, SOUTH 00020'14" WEST, 216.59 FEET (FORMERLY DESCRIBED AS SOUTH 0028'30" WEST) ON THE WESTERLY BOUNDARY LINE OF SAID WARRANTY DEED PARCEL TO THE REAL POINT OF BEGINNING; THENCE CONTINUING SOUTH 00020'14" WEST, 270.84 FEET (FORMERLY DESCRIBED AS SOUTH 0028'30" WEST) ON THE WESTERLY BOUNDARY LINE OF SAID WARRANTY DEED PARCEL; THENCE First American Title Insurance Company Form No. 1402.06 Policy Page 6 ALTA Owner's Policy (6-17-06) Policy Number: 1869981 NORTH 86050'12" WEST, 405.32 FEET; THENCE NORTH 02002'09" WEST, 271.63 FEET; THENCE SOUTH 86050'12" EAST, 416.58 FEET TO THE REAL POINT OF BEGINNING. PARCEL E: A PARCEL OF LAND BEING PARCEL E AS SHOWN ON RECORD -OF -SURVEY NO. 8311 OF ADA COUNTY RECORDS, LOCATED IN THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 3 NORTH, RANGE 1 WEST, BOISE MERIDIAN, ADA COUNTY, IDAHO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE QUARTER SECTION CORNER COMMON TO SECTIONS 4 AND 9 OF SAID TOWNSHIP 3 NORTH, RANGE 1 WEST; THENCE NORTH 8904709" WEST, 1325.44 FEET (FORMERLY DESCRIBED AS NORTH 89037'20" WEST) ON THE SECTION LINE COMMON TO SAID SECTIONS 4 AND 9 TO THE EAST 1/16TH SECTION CORNER COMMON TO SAID SECTIONS 4 AND 9, SAID POINT BEING THE REAL POINT OF BEGINNING; THENCE LEAVING SAID SECTION LINE, NORTH 00019'25" EAST, 1322.67 FEET (FORMERLY DESCRIBED AS NORTH 00028'30" WEST, 1322.55 FEET) ON THE NORTH -SOUTH 1/16TH SECTION LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 4 TO THE SOUTHWEST 1/16TH SECTION CORNER OF SAID SECTION 4; THENCE SOUTH 89049'38" EAST, 234.08 FEET (FORMERLY DESCRIBED AS SOUTH 89040' EAST) ON THE EAST -WEST 1/16TH SECTION LINE OF SAID SOUTHWEST QUARTER OF SECTION 4; THENCE SOUTH 02002'09" EAST, 517.95 FEET; THENCE SOUTH 86050'12" EAST, 74.16 FEET; THENCE SOUTH 00019'25" WEST, 801.47 FEET; THENCE NORTH 89047'09" WEST 329.47 FEET (FORMERLY DESCRIBED AS NORTH 89°37'20" WEST) TO THE REAL POINT OF BEGINNING. PARCEL F: A PARCEL OF LAND BEING PARCEL F AS SHOWN ON RECORD -OF -SURVEY NO. 8311 OF ADA COUNTY RECORDS, LOCATED IN THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 3 NORTH, RANGE 1 WEST, BOISE MERIDIAN, ADA COUNTY, IDAHO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE QUARTER SECTION CORNER COMMON TO SECTIONS 4 AND 9 OF SAID TOWNSHIP 3 NORTH, RANGE 1 WEST; THENCE NORTH 8904709" WEST, 665.40 FEET (FORMERLY DESCRIBED AS NORTH 89037'20" WEST) ON THE SECTION LINE COMMON TO SAID SECTIONS 4 AND 9 TO THE REAL POINT OF BEGINNING; THENCE CONTINUING NORTH 89047'09" WEST, 330.57 FEET (FORMERLY DESCRIBED AS NORTH 89037'20" WEST, 330.45 FEET) ON THE SECTION LINE COMMON TO SAID SECTIONS 4 AND 9; THENCE LEAVING SAID SECTION LINE, NORTH 00019'25" EAST, 801.47 FEET; THENCE First American Title Insurance Company Form No. 1402.06 ALTA Owner's Policy (6-17-06) Policy Page 7 Policy Number: 1869981 SOUTH 86050'12" EAST, 331.16 FEET TO A POINT ON THE WESTERLY BOUNDARY LINE OF THAT PARCEL OF LAND DESCRIBED IN WARRANTY DEED INSTRUMENT NO. 451361 OF ADA COUNTY RECORDS; THENCE SOUTH 00020'14" WEST, 784.44 FEET (FORMERLY DESCRIBED AS SOUTH 00028'30" WEST) ON SAID WESTERLY BOUNDARY LINE TO THE REAL POINT OF BEGINNING. APN: S-1204-34-6615 and S1204346850 First American Title Insurance Company Form No. 1402.06 ALTA Owner's Policy (6-17-06) File No. 4101-1869981 SCHEDULE B Policy No. 1869981 EXCEPTIONS FROM COVERAGE Policy Page 8 Policy Number: 1869981 This Policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses that arise by reason of: Part One: 1. (a) Taxes or assessments that 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; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 4. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any Lien, or Right to a Lien, for Services, Labor or Material theretofore or hereafter furnished, imposed by law and not shown in the public records. Part Two: 1. General and Special Taxes for the year 2012, an accruing lien not due or payable until the fourth Monday in November 2012 when the bills are issued, the first half of which is not delinquent until after December 20, 2012. 2. General taxes which may be assessed and extended on any "subsequent" or "occupancy" tax roll, which may escape assessment of the regular tax roll; which are a lien not yet due or payable. 3. Any tax, fee, assessments or charges as may be levied by Ada County Trash Services, of which are paid current. 4. Any tax, fee, assessments or charges as may be levied by Nampa & Meridian Irrigation District, of which are paid current. 5. Except mineral or water rights, claims or title to mineral or water. First American Title Insurance Company Form No. 1402.06 ALTA Owner's Policy (6-17-06) 6. Easement, including terms and provisions contained therein: Recording Information: 500277 In Favor of: The County of Ada For: 7. Easement, including terms and provisions contained therein: Recording Information: 500278 In Favor of: The County of Ada For: Policy Page 9 Policy Number: 1869981 B. Easement contained in Warranty Deed, recorded September 28, 2007, as Instrument No. 107135673, Records of Ada County, Idaho. 9. All matters disclosed by a record of survey recorded October 5, 2007 under recording no. 107138403. 10. Easement, including terms and provisions contained therein: Recording Information: 108056166 In Favor of: Capital Development, Inc. and Helen and Jacob Aldinger, husband and wife For: cross -access private road easement (AFFECTS PARCEL D AND PARCEL F) 11. All matters disclosed by a record of survey recorded May 20, 2008 under recording no. 108058828. 12. All matters disclosed by a record of survey recorded February 25, 2011 under recording no. 111017349. First American Title Insurance Company is ADA COUNTY RECORDER Christopher D. Rich AMOUNT 25.00 6 AFTER RECORDING MAIL TO: BOISE IDAHO 05/11/2012 10:55 AM DEPUTY Che Fowler SimpErde Electronic Recording I IIIIII VIII VIII IIIIII IIIIII IIII VIII VIII IIIIII III VIII IIII IIII City of Meridian RECORDED -REQUEST OF Attn: Office of the City Clerk FIRST AMERICAN TITLE AND ESCRO 112044563 33 E. Broadway Avenue Meridian, ID 83642 ELECTRONICALLY RECORDED - DO NOT REMOVE THE COUNTY STAMPED FIRST PAGE AS IT IS NOW INCORPORATED AS PART OF THE ORIGINAL DOCUMENT. WARRANTY DEED File No.: 4101-1869981 (ED) Date: May 09, 2012 For Value Received, Mountain West IRA Inc., FBO Mark K. Bottles IRA, hereinafter referred to as Grantor, does hereby grant, bargain, sell and convey unto City of Meridian, an Idaho Municipal Corporation, hereinafter referred to as Grantee, whose current address is 33 E. Broadway Avenue, Meridian, ID 83642, the following described premises, situated in Ada County, Idaho, to wit: LEGAL DESCRIPTION: Real property in the County of Ada, State of Idaho, described as follows: See Attached Exhibit A APN: 51204346850; S-1204-34-6615; and 51204346715 TO HAVE AND TO HOLD the said premises, with their appurtenances, unto said Grantee, and to the Grantee's heirs and assigns forever. And the said Grantor does hereby covenant to and with the said Grantee, that the Grantor is the owner in fee simple of said premises; that said premises are free from all encumbrances except current years taxes, levies, and assessments, and except U.S. Patent reservations, restrictions, easements of record and easements visible upon the premises, and that Grantor will warrant and defend the same from all claims whatsoever. Page 1 of 3 AFTER RECORDING MAIL TO: 4e City of Meridian Attn: Office of the City Clerk 33 E. Broadway Avenue Meridian, ID 83642 ELECTRONICALLY RECORDED - DO NOT REMOVE THE COUNTY STAMPED FIRST PAGE AS IT IS NOW INCORPORATED AS PART OF THE ORIGINAL DOCUMENT. WARRANTY DEED File No.: 4101-1869981 (ED) Date: May 09, 2012 For Value Received, Mountain West IRA Inc., FBO Mark K. Bottles IRA, hereinafter referred to as Grantor, does hereby grant, bargain, sell and convey unto City of Meridian, an Idaho Municipal Corporation, hereinafter referred to as Grantee, whose current address is 33 E. Broadway Avenue, Meridian, ID 83642, the following described premises, situated in Ada County, Idaho, to wit: LEGAL DESCRIPTION: Real property in the County of Ada, State of Idaho, described as follows: See Attached Exhibit A APN: 51204346850; S-1204-34-6615; and 51204346715 TO HAVE AND TO HOLD the said premises, with their appurtenances, unto said Grantee, and to the Grantee's heirs and assigns forever. And the said Grantor does hereby covenant to and with the said Grantee, that the Grantor is the owner in fee simple of said premises; that said premises are free from all encumbrances except current years taxes, levies, and assessments, and except U.S. Patent reservations, restrictions, easements of record and easements visible upon the premises, and that Grantor will warrant and defend the same from all claims whatsoever. Page 1 of 3 i affixed my l He No.: No.: 4101-1669991 (ED) Date; 09/0912D12 )ration that corporation, Seal the day and year in this R NOT,�k �7d c A G�LIC , ID a Mark K Bottles i i STATE OF Idaho ) COUNTY OF Ada ) ; � f Onthis1Q day of May, 2012',:,bef Karen Georgeson, known or.identtl� i mer` 'toa e executed the within instrument the or , rson.iWh and acknowledged to me that such a ration ex In witness whereof, I have heregnto 6 t my ha certificate first above written. i I ' I + i I 3 i P 7 r i wI i affixed my l He No.: No.: 4101-1669991 (ED) Date; 09/0912D12 )ration that corporation, Seal the day and year in this R NOT,�k �7d c A G�LIC , ID APN: 5-1204-34-6615 Warranty Deed File No.: 4101.1869981 (ED) - continued Date: 05/09/2012 Mountain West IRA Inc., FBO Mark K. Bottles IRA By: Karen Georgeson, Authorized Signer OF Idaho ) ss. Y-� Ada ) On this _ day of IM 2012 , before me, a Notary Public in and for said State; personally appeared Karen Georgeson, kno or identified to me to be the Authorized Sign of the corporation that executed the within instrumen r the person who executed the instrumen behalf of said corporation, and acknowledged to me that succorporation executed the same. In witness whereof, I have hereunto se y hand and affixed official seal the day and year in this certificate first above written, Na ry Public for the State of Idaho Resl at: ID My Comrttisslon Expires: Page 2 of 3 APN: 5-1204-34-6615 Warranty Deed File No.: 4101-1869981(ED) - continued Date: 05/09/2012 STATE OF Idaho ) ss. COUNTY OF Ada ) On this L �)day of May, 2012 , before me, a Notary Public in and for said State, personally appeared Mark K. Bottles, known or Identified to me to be the person(s) whose name(s) Is/are subscribed to the within instrument, and acknowledged to me that he/she/they 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. Notary Public for the State of Idaho Residing at: ID My Commission Expirel: -1 TI Page 3 of 3 EXHIBIT A LEGAL DESCRIPTION: Real property in the County of Ada, State of Idaho, described as follows: PARCEL D AMENDED: A PARCEL.OF LAND LOCATED IN THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 3 NORTH, RANGE 1 WEST, BOISE MERIDIAN, ADA COUNTY, IDAHO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE QUARTER SECTION CORNER COMMON TO SECTIONS 4 AND 9 OF SAID TOWNSHIP 3 NORTH, RANGE 1 WEST; THENCE NORTH 89047'09" WEST, 665.40 FEET (FORMERLY DESCRIBED AS NORTH 89037'20" WEST) ON THE SECTION LINE COMMON TO SAID SECTIONS 4 AND 9; THENCE LEAVING SAID SECTION LINE, NORTH 00020'14" EAST, 1271.87 FEET (FORMERLY DESCRIBED AS NORTH 0028'30" EAST, 1271.98 FEET) ON THE WESTERLY BOUNDARY LINE OF THAT PARCEL OF LAND DESCRIBED IN WARRANTY DEED INSTRUMENT NUMBER 451361 OF ADA COUNTY RECORDS TO A FOUND HALF-INCH REBAR ON THE NORTHERLY SIDE OF THE TEN MILE DRAIN DITCH; THENCE REVERSING DIRECTION, SOUTH 00020'14" WEST, 216.59 FEET (FORMERLY DESCRIBED AS SOUTH 0028'30" WEST) ON THE WESTERLY BOUNDARY LINE OF SAID WARRANTY DEED PARCEL TO THE REAL POINT OF BEGINNING; THENCE CONTINUING SOUTH 00020'14" WEST, 270.84 FEET (FORMERLY DESCRIBED AS SOUTH 0028'30" WEST) ON THE WESTERLY BOUNDARY LINE OF SAID WARRANTY DEED PARCEL, THENCE NORTH 86050'12" WEST, 405.32 FEET; THENCE NORTH 02002'09" WEST, 271.63 FEET, THENCE SOUTH 86050'12" EAST, 416.58 FEET TO THE REAL POINT OF BEGINNING. PARCEL E: A PARCEL OF LAND BEING PARCEL E AS SHOWN ON RECORD -OF -SURVEY NO, 8311 OF ADA COUNTY RECORDS, LOCATED IN THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 3 NORTH, RANGE 1 WEST, BOISE MERIDIAN, ADA COUNTY, IDAHO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE QUARTER SECTION CORNER COMMON TO SECTIONS 4 AND 9 OF SAID TOWNSHIP 3 NORTH, RANGE 1 WEST; THENCE NORTH 89047'09" WEST, 1325.44 FEET (FORMERLY DESCRIBED AS NORTH 89037'20" WEST) ON THE SECTION LINE COMMON TO SAID SECTIONS 4 AND 9 TO THE EAST 1/16TH SECTION CORNER COMMON TO SAID SECTIONS 4 AND 9, SAID POINT BEING THE REAL POINT OF BEGINNING; THENCE LEAVING SAID SECTION LINE, NORTH 00019'25" EAST, 1322.67 FEET (FORMERLY DESCRIBED AS NORTH 00028'30" WEST, 1322.55 FEET) ON THE NORTH - SOUTH 1/16TH SECTION LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 4 TO THE SOUTHWEST 1/16TH SECTION CORNER OF SAID SECTION 4; THENCE SOUTH 89049'38" EAST, 234.08 FEET (FORMERLY DESCRIBED AS SOUTH 89040' EAST) ON THE EAST -WEST 1/16TH SECTION LINE OF SAID SOUTHWEST QUARTER OF SECTION 4; THENCE SOUTH 02002'09" EAST, 517.95 FEET, THENCE SOUTH 86050'12" EAST, 74.16 FEET; THENCE SOUTH 00019'25" WEST, 801.47 FEET; THENCE NORTH 89047'09" WEST 329.47 FEET (FORMERLY DESCRIBED AS NORTH 89°37'20" WEST) TO THE REAL POINT OF BEGINNING. . PARCEL F: A PARCEL OF LAND BEING PARCEL F AS SHOWN ON RECORD -OF -SURVEY NO. 8311 OF ADA COUNTY RECORDS, LOCATED IN THE SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 4, TOWNSHIP 3 NORTH, RANGE 1 WEST, BOISE MERIDIAN, ADA COUNTY, IDAHO, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE QUARTER SECTION CORNER COMMON TO SECTIONS 4 AND 9 OF SAID TOWNSHIP 3 NORTH, RANGE 1 WEST; THENCE NORTH 89047'09" WEST, 665.40 FEET (FORMERLY DESCRIBED AS NORTH 89037'20" WEST) ON THE SECTION LINE COMMON TO SAID SECTIONS 4 AND 9 TO THE REAL POINT OF BEGINNING; THENCE CONTINUING NORTH 89047'09" WEST, 330.57 FEET (FORMERLY DESCRIBED AS NORTH 89037'20" WEST, 330.45 FEET) ON THE SECTION LINE COMMON TO SAID SECTIONS 4 AND 9; THENCE LEAVING SAID SECTION LINE, NORTH 00019'25" EAST, 801.47 FEET; THENCE SOUTH 86050'12" EAST, 331.16 FEET TO A POINT ON THE WESTERLY BOUNDARY LINE OF THAT PARCEL OF LAND DESCRIBED IN WARRANTY DEED INSTRUMENT NO. 451361 OF ADA COUNTY RECORDS; THENCE SOUTH 00020'14" WEST, 784.44 FEET (FORMERLY DESCRIBED AS SOUTH 00028'30" WEST) ON SAID WESTERLY BOUNDARY LINE TO THE REAL POINT OF BEGINNING.