Lost Rapids (Brighton Site) H-2018-0004ADA COUNTY RECORDER Christopher D. Rich 2018-047368
BOISE IDAHO Pgs=87 NIKOLA OLSON 05/23/2018 04:39 PM
CITY OF MERIDIAN, IDAHO NO FEE
I
PARTIES: I. City of Meridian
2. Brighton Investments, LLC, Owner/Developer
nd day of THIS DEVELOPMENT AGREEMENT (this Agreement), is made and entered
into this 22 - 2018, by and between City of Meridian, a municipal
M
corporation of the State of Idaho, vereafter called CITY whose address is 33 E. Broadway Avenue,
Meridian, Idaho 83642 and Brighton Investments, LLC, whose address is 12601 W. Explorer Dr.,
Ste. 200, Boise, Idaho 83713, hereinafter called OWNER/DEVELOPER.
L RECITALS:
1.1 WHEREAS, Owner is the sole owner, in law and/or equity, of a certain tract
of land in the County of Ada, State of Idaho, comprising approximately 39.005
acres of land, described in Exhibit "A" (Brighton Site), which is attached
hereto and by this reference incorporated herein as if set forth in full, herein
after referred to as the Property; and
1.2 WHEREAS, Idaho Code § 67-6511A provides that cities may, by ordinance,
require or permit as a condition of zoning that the Owner/Developer make a
written commitment concerning the use or development of the subject
Property; and
1.3 WHEREAS, City has exercised its statutory authority by the enactment of
Section 11-513-3 of the Unified Development Code ("UDC"), which
authorizes development agreements upon the annexation and/or re -zoning of
land; and
1.4 WHEREAS, Owner/Developer has submitted an application for annexation
and zoning of the Property, known as the Brighton Site, with an R-15
(Medium Density Residential) zoning district, under the Unified Development
Code, which generally describes how the Property will be developed and what
improvements will be made; and
1.5 WHERE AS, Owner/Developer made representations at the public hearings
both before the Meridian Planning & Zoning Commission and before the
Meridian City Council, as to how the Property will be developed and what
improvements will be made; and
DEVELOPMENT AGREEMENT — LOST RAPIDS (BRIGHTON SITE) (H-2018-0004.) PAGE 1 OF 7
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ACKNOWLEDGMENTS
IN WITNESS WHEREOF, the parties have herein executed this agreement and made
it effective as hereinabove provided.
OWNER/DEVELOPER:
Brighton Investments, LLC
By -
Its: `" V
CITY OF MERIDIAN Go�Q0 " EOAUc sTTEST:
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Cif V ��
B
Mayor T� y de Weerd = jDl Ho o , City Clerk
SEAL
STATE OF Idaho) "e TREAS"'
ss:
County of Ada, )
On this EL day of 2018, before me, the undersigned, a Notary Public in and for said State,
personally appeared known or identified to me to be the P&MIY4 &'W(owy of
Brighton Investments, LLC, and acknowledged to me that he executed the same on behalf of said C rporation.
IN WITNESS WHEREOF, I have hereunto set my hand and ffixed m offcial seal the day and year in this
certificate first above written. I
(SEA C
AMANDA McCURRY
NOTARY PUBLIC N tary Public for !�
STATE OF IDAHO Residing ai
My Commission Expires:
STATE OF IDAHO )
ss
County of Ada )
On this 2-r day of , 2018, before me, a Notary Public, personally appeared
Tammy de Weerd and C.Jay Coles, know or ideAffied to me to be the Mayor and Clerk, respectively, of the City of
Meridian, who executed the instrument or the person that executed the instrument of behalf of said City, and
acknowledged to me that such City 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.
( .'1`E _w�'•
Notary Public for Idaho
. y ' NR Y •
O
Residing at:
Commission expires:?)-D�-2 aya�
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TA ''EOPMENT AGREEW-NT: LOST
RAPIDS (BRIGHTON SITE) (H-2018-0004) PAGE. 7 OF 7
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