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Dorado MDA Sub H-2016-0131ADA COUNTY RECORDER Christopher D. Rich 2017-007434 BOISE IDAHO Pgs=4 LISA BATT 01/25/2017 12:49 PM CITY OF MERIDIAN, IDAHO NO FEE ADDENDUM TO DEVELOPMENT AGREEMENT PARTIES: 1. City of Meridian 2. W.H. Moore, Owner 3. Jake Wylie, Developer THIS ADDENDUM TO DEVELOPMENT AGREEMENT is dated this day of SG"�(JG,' , 2017, ("ADDENDUM"), by and between City of Meridian, a municipal corporation of the State of Idaho ("CITY"), whose address is 33 E. Broadway Avenue, Meridian, Idaho 83642 and W.H. Moore, ("OWNER"), whose address is 1940 S. Bonito Way., Ste 168, Meridian, Idaho 83642 and Jake Wylie, ("DEVELOPER"), whose address is 1464 E. Territory Drive, Meridian, ID 83646. RECITALS A. CITY and OWNER and/or DEVELOPER entered into that certain Development Agreement that was recorded on September 2, 2005 in the real property records of Ada County as Instrument No. 105127515 ("DEVELOPMENT AGREEMENT"); B. CITY and OWNER and/or DEVELOPER now desire to amend the Development Agreement, which terms have been approved by the Meridian City Council in accordance with Idaho Code Section 67-6511. NOW, THEREFORE, in consideration of the covenants and conditions set forth herein, the parties agree as follows: 1. OWNER/DEVELOPER shall be bound by the terms of the Development Agreement; however the Development Agreement shall be amended as follows: 5.1.1. Notwithstanding the status of the property as a planned development, no new buildings are approved for construction on that part of the property that is identtfred as lots 3, 15 & 16 on the preliminary plat except, pursuant to an application for conditional use permit submitted to and approved by City prior to submittal of any Certificate of Zoning Compliance application and/or building permit. If the property within Overland Way Subdivision adjoining said lots to the north and west ceases to be used for residential purposes, this requirement shall be deemed waived with respect to any of said lots which abut such adjoining property. No other changes to the provisions of the original Development Agreement are approved. ADDENDUM TO DEVELOPMENT AGREEMENT -DORADO SUBDIVISION, MDA H 2016-0131 Page 1 of 4 2. That Owner and/or Developer agrees to abide by all ordinances of the City of Meridian and the Property shall be subject to de -annexation if the Owner and/or Developer, or their assigns, heirs, or successor shall not meet the conditions of this Addendum, and the Ordinances of the City of Meridian as herein provided. 3. 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 Addendum shall be binding on the Owner and/or 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 expressed. City agrees, upon written request of Owner and/or Developer, to execute appropriate and recordable evidence of termination of this Addendum if City, in its sole and reasonable discretion, had determined that Owner and/or Developer have fully performed its obligations under this Addendum. 4. If any provision of this Addendum is held not valid by a court of competent jurisdiction, such provision shall be deemed to be excised from this Addendum and the invalidity thereof shall not affect any of the other provisions contained herein. 5. This Addendum sets forth all promises, inducements, agreements, condition, and understandings between Owner and/or Developer and City relative to the subject matter herein, and there are no promises, agreements, conditions or under -standing, either oral or written, express or implied, between Owner and/or 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 unless 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. 6. This Addendum shall be effective as of the date herein above written. 7. Except as amended by the Addendum, all terms of the previous Development Agreement shall remain in full force and effect. ADDENDUM TO DEVELOPMENT AGREEMENT - DORADO SUBDIVISION, MDA H 2016-0131 Page 2 of 4 ACKNOWLEDGMENTS IN WITNESS WHEREOF, the parties have herein executed this agreement and made it effective as hereinabove provided. OWNERS: W. 00 DEVELOPER: A �-' Oe Wylie rp �G L �' r f u � Ilj I� W s qL ,H° ATTEST: 4ayy les, City Clerk CITY OF MERIDIAN STATE OF IDA 110 ) tis: County of Ada, ) On this _Rl� day of JfflklkWtt 2017, before me, the undersigned, a Notary Public in and for said State, personally appeared Moore, known or iclen(irled to 111e to be the person who signed above, and aekTlolwledged to me that lie, executed 11110 soma, IN WITNES. ill this eertiticate titst (SEAT.) STATE OF IDAHO County of Ada, ss: o set my hand and affixed my official sea, the day and year Notary Public f r >dahoa Residing at: )Q01 S -t My Commission Expires: 0� =17 On this I qt-� day of_'Rnv-&rtj 2017, before me, the undersigned, a Notary Public in and for said State, personally appeared Jake Wylie, known or identified to me to be the person who signed above, 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 certificate first above written. CANDLE THOMAS NOTARY PUBLIC STATE OF IDAHO STATE OF IDAHO ss County of Ada On this day ofJ Gil 1"Le Tammy de Weerd and C. Jay, Coles, kno City of Meridian, who executed the instrur and acknowledged to me that such City e) Notary Public for Idaho Residing at Wo.MM , ::�(J My Commission Expires: oq - W- aD �� � •'1f11'7 t.aF ..e ...o � l�TAf�.-.. 1 'ublic, personally appeared A Clerk, respectively, of the =ent on behalf of said City, ind and affixed my official seal the day and year L 3z— )'CG �