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Grant Deed from YMCA to Meridian for Hillsdale Park Recorded 08 31 18ADA COUNTY RECORDER Christopher D. Rich 2018-083041 BOISE IDAHO Pgs=3 VICTORIA BAILEY 06/31/2018 12:03 PM MERIDIAN CITY NO FEE RECORDING REQUESTED BYRND III II I IIII II II I I I II I f 11 l 11 !! 1 I I I 1 l l l II I I 1 II f 1I III WHEN RECORDED RETURN TO: 00537716201800830410030035 Meridian City Clerk 33 E. Broadway Avenue Meridian, Idaho 83642 GRANT DEED For value received, The Young Men's Christian Association of Boise City, an Idaho Nonprofit Corporation, ("Grantor"), grants, bargains, sells and conveys to The City of Meridian, an Idaho Municipal Corporation ("Grantee"), whose current address is 33 E. Broadway Avenue, Meridian Idaho, 83642 and its successors and assigns forever, the real property situated in Ada County, State of Idaho legally described on Exhibit "1" attached hereto and made a part hereof, subject to the following reversionary rights, interests, and encumbrances herein described. 1. The use of the Subject Property so conveyed is hereby made subject to the Grantee's use of the property as herein described and no portion of the Subject Property hereby conveyed may be conveyed to any other person or entity provided that the Grantee may, in its reasonable discretion and for the benefit of the community, convey a portion of the Subject Property hereby conveyed to another governmental or public entity suitable for operating and maintaining a park or sports field, such as the Western Ada Recreation District, provided that the obligations herein described shall be binding upon the Western Ada Recreation District, or such other entity as shall acquire any portion of the Subject Property, as the successor or assignee of Grantee. The use of the Subject Property as herein described shall be maintained in perpetuity, unless a proposed change in use is initiated by the Grantee and shall have obtained the approval of each of Martin L. Hill, his heirs, successors and assigns. 2. This conveyance is also subject of the maintenance of a view corridor for the benefit of the Martin L. Hill and Dixie L. Cook's adjoining residence, which is located on approximately 1.76 acres and is depicted on the exhibits appended to the gift deed recorded as Inst. No. 2016-021373 and is described in said gift deed. No permanent improvements shall be constructed above grade, except for trees, shrubs, play equipment, a gazebo or picnic shelter, bathrooms, lighting, curbs, gutters, sidewalk and the like. This view corridor shall be perpetual, unless a court of competent jurisdiction shall determine after the passage of one hundred (100) years, that such view corridor is no longer of any material benefit to the adjoining residence is located. 3. In the event the Grantee shall cease to exist, the Subject Property shall be conveyed and may only be conveyed to another charitable entity qualifying under Section 501(c)(3) of the Internal Revenue Code, with the selection of such successor Grantee being made by the administrative judge of the District Court of Fourth Judicial Court in and for the County of Ada. 4. The restriction, encumbrances, and reversionary interest described here and shall be a covenant running with the land and be binding upon the heirs, successors, and assigns of the Grantee and Grantor. GRANT DEED - I IN WITNESS WHEREOF, the Grantor has executed this instrument this 00 day of August, 2018. GRANTOR Young Men's Christian Association of Boise City, an Idaho Nonprofit Corporation By Lt�-a David Duro, President STATE OF IDAHO ss. County of Ada On this A0 day of Septerti>j'er, 29+6,' before me personally appeared David Duro, known or identified to me to be the President of the corpora ion that executed the instrument or the persons who executed the instrument on behalf of said corporation, and acknowledged to me that such 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. r-,� Mz �,A woc�, - NOTARY WUBLIC FOR IDAHO Residing at 15e. 0 My Commission Expires 5'01'49a. GRANT DEED - 2 Exhibit 1 Lot 1 in Block 1 of Healthy Living Subdivision, according to the official plat thereof, filed in Book 114 of Plats at Pages 16947 through 16950, records of Ada County, Idaho. GRANT DEED - 3