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Farwest Developers Los Alamitos Subdivision No. 2 .:'! DEVELOPMENT AGREEMENT THIS AGREEMENT, made and entered into this 1~ day of /Yl~~ , 1996, by and between the CITY OF MERIDIAN, a municipal corpo ation of the State of Idaho, party of the first part, hereinafter called the "CITY", and Farwest Develo.vers, IÐ&., party of the second part, hereinafter called the "DEVELOpER", whose address is 4550 West State Street, Boise, Idaho 837m WITNESSETH: WHEREAS, DEVELOPER is the sole owner, in law and/or equity, of a certain tract of land in the County of Ada, State of Idaho, described in Exhibit" A", which is attached hereto and by this reference incorporated herein as if set forth in full; and WHEREAS, the State of Idaho legislature, in 1991, passed Idaho Code, 67-6511A, Development Agreements, which provides that cities may enter into development agreements with developers upon reroning of land; and WHEREAS, the CITY has passed two development agreement ordinances, one when land is rewned, 11-2-416 L, and one when land is annexed, which is when it is also rezoned, 11-2-417 D;and WHEREAS, the DEVELOPER has submitted an application for annexation and zoning, or an application for rerone, of that certain property described in Exhibit" A ", and requested wning of R:4 and has submitted a subdivision preliminary plat for said property which has been recommended for approval by the Meridian Planning and Zoning Commission; and WHEREAS, the DEVELOPER made some representations at the public hearing before the Meridian Planning and Zoning Commission as to how the land would be developed and what improvements would be made; and WHEREAS, the CITY has autbQrity to place conditions and restrictions upon annexation or reroning of property; and WHEREAS, DEVELOPER deems it to be in its best interest to be able to enter into this agreement and acknowledges that this agreement was entered into voluntarily and at its urging and request; and WHEREAS, the DEVELOPER, as sole owner of said land, has made request to the CITY to have the same annexed to said CITY, or rewned, and has submitted to the CITY a Plat thereof LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/96 Page 1 which has been approved for annexation by the CITY and as part of the annexation or rezone the CITY adopted and approved Findings of Fact and Conclusions of Law; and, WHEREAS, the Findings of Fact and Conclusions of Law required that the DEVELOPER enter into a Development Agreement; and WHEREAS, the said City Council in the Findings of Fact and Conclusions of Law annexed or rezoned the property subject to de-annexation if the DEVELOPER did not enter into a Development Agreement. NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: DEVELOPER agrees, and hereby binds his, its, or their heirs, successors and assigns to this agreement, in consideration for the annexation, rewne, or the non-de-annexation of the area, as follows: 1. That the above recitals are contractual and binding and are incorporated herein as if set forth in full. 2. That DEVELOPER, in accordance with its representations before the CITY, shall, on the land described in Exhibit" A" , only construct single-family houses and that all such single-family houses shall have at least one thousand four hundred (.L.400) square feet of floor space, exclusive of garages. 3. That the property is zoned R=!:, described in "Exhibit A", and shall have lot sizes of at least eight thousand (.8..000) square feet, which is the size represented at the City hearings, and shall meet all of the requirements of the R-4 zone and allow no duplex units, townhouses, or patio homes to be constructed on said property. 4. That tbere shall be no change to increase the number of lots or reduce the size of lots as shown in the preliminary plat submitted with the request for annexation, zoning and preliminary plat approval, which is incorporated herein as if set forth in full herein. 5. That DEVELOPER will, before annexation, or de-annexation, file or cause to be filed with the City Engineer, a complete set of "Subdivision Improvement Plans" showing all streets, utilities, pressurized irrigation facilities, sewer, water, drainage, street and other similar signing and barricades, and other such improvements contemplated within the subdivision, which Plans and all improvements shown thereon shall meet the approval of the City Engineer. The Subdivision Improvement Plan, or Plans supplemental thereto, shall also show the LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/96 Page 2 proposed location of pressurized irrigation facilities within or that may affect or be affected by the development. Said Subdivision Improvement Plans are incorporated herein and made a part hereof by reference. 6. That DEVELOPER will, at his, its or their own expense, construct and install all sanitary sewers, storm drains, pumping stations, water mains and appurtenances, fire hydrants, curbs, gutters and sidewalks, pressurized irrigation system, electrical transmission lines, natural gas lines, telephone lines, sidewalks, cross drains, street, street surfacing, street signs, and barricades as well as any and all other improvements shown on the Subdivision Improvement Plans. DEVELOPER shall also install telephone, electrical power, gas lines, and television as required for the development. 7. That DEVELOPER will construct and install all such improvements in strict accordance with the filed and approved plat and Subdivision Improvement Plans, and the City Standard Engineering Drawings and Standard Engineering Specifications current and in effect at the time the construction of said improvements is accomplished, or as otherwise agreed between the DEVELOPER and the CITY if the standards and specifications are more restrictive and onerous at the time of construction than at the time of execution of this Agreement. 8. That DEVELOPER will provide the City Engineer with at least fIfteen (15) days advance written notification of when and of what portion, or portions, of said improvements he intends to complete and the time schedule therefor; and agrees to make such modifications and/or construct any temporary facilities necessitated by such phased construction work as shall be required and approved by the City Engineer. 9. That DEVELOPER will have "corrected" original drawings of the Subdivision Improvement Plans of all said improvements prepared by a Registered Professional Engineer and will provide the CITY with said Plans or a duplicate mylar copy of said Plans. The Subdivision Improvement Plans of the proposed improvements shall be "corrected" to show the actual constructed location (both horizontally and vertically) of the various water and sewer lines, all utility lines, and pressurized irrigation lines and their individual building service . lines, the curb and gutter alignment and grades, etc. The "corrected" Subdivision Improvement Plans shall include a "Certification" thereon, signed by the Registered Professional Engineer in charge of the work, that said Plans of the various improvements are true and correct and that he (the Registered Professional Engineer) has inspected the construction of the various improvements (water lines, sanitary sewer lines, pressurized irrigation lines, gas lines, electricity lines, storm drain lines, sidewalks, LOS ALAMITOS SUBDNISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/% Page 3 10. 11. curb and gutter, street paving, etc.) and that the materials for and the installation of the same were all done in conformance with the applicable City Standard Engineering Drawings and Standard Engineering Specifications governing the construction of these facilities. That DEVELOPER will, immediately upon the completion of any such constructed portion, portions, or the entirety of said development, notify the City Engineer and request his inspection and written acceptance of such completed improvements. That DEVELOPER agrees, that upon a finding by the City Council, duly entered in the official minutes of the proceedings of the City Council, that a portion, or portions, or the entirety of said improvements need to be completed in the interest of the health, welfare and/or safety of the inhabitants of the CITY, the DEVELOPER will thereupon, within a reasonable time, construct s&id needed improvements, or, if he does not so construct within a reasonable time after written notification of such Council action, and the CITY thereafter determines to construct, and does construct such improvement, or improvements, the DEVELOPER will pay to the CITY the cost of such construction, in such manner and under such terms as the CITY shall order, after conference with the DEVELOPER or attempted conference after notice to DEVELOPER. Provided, however, the City Council shall not make the fmding set forth in this paragraph except at a regular or special meeting of the City Council and unless the DEVELOPER has been notified in writing of the time and place of such meeting at least three (3) days prior thereto and has been given an opportunity to be present in person or by counsel, and to be heard on the merits of the proposed finding. 12. That DEVELOPER agrees that upon his, its, or their having received. written notification from the City Engineer, that any of the requirements herein specified have not been complied with, that the CITY shall have the right to withhold the issuance of any Certificates of Occqpancy within such annexed area and/or shall have the right to withhold the providing of culinary water service to any part, parcel, or portion of such annexed area until such time as all requirements specified herein have been complied with; provided, however, the DEVELOPER shall have the right to appear before the. City Council at any regular meeting after any Certificate of Occupancy or any water service shall have been withheld for reasons set forth in this paragraph, and shall have the right to be heard as to why such Certificate of Occupancy should be issued or water service allowed. The Council shall then decide whether said Certificate of Occupancy shall be issued or water service to said property allowed, and its decision shall be final, except that the rights of the parties are preserved at law and eqnity. LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/96 Page 4 13. 14. DEVELOPER agrees that, in the event any of the improvements required herein are not timely installed, the CITY may, at its sole option, install the improvements and declare the entire cost of said improvements to be immediately due and payable and may seek to collect such sums in the manner provided by law, or may pursue any other remedy set forth herein or as may be available in law or equity. In the event of such declaration, all sums due shall bear interest at the prime interest rate of First Security Bank of Idaho, plus five percent (5 %) per annum, until paid. That DEVELOPER agrees to, and does hereby, grant a security interest in the land which is the subject of this Agreement, to secure the installation of all improvements including, but not limited to, sewer, water, irrigation and drainage piping, pressurized irrigation system, landscaping and berming, and fencing. In the event of DEVELOPER's failure to complete such installation, the CITY may install such improvements and, without notice, foreclose this Agreement as a mortgage in accordance with the mortgage foreclosure laws of the State of Idaho; provided further that upon request of the DEVELOPER, the CITY will execute and deliver a partial release of the lien created herein agairist all or any portion of the . subject land, upon completion of that portion of the total improvements installed which relates to the percentage of improvements that have been installed as compared to the total amount of improvements. The CITY further agrees that, upoq request of DEVELOPER, the CITY will, by written agreement, subordinate the lien created hereby, to any mortgage, deed of trust, or other security device required to secure the payment of any loan or advance made to DEVELOPER for the sole purpose of fmancing the construction of improvements upon the land which is the subject of this Agreement; provided, however, that the financing entity shall first warrant and represent in writing that it understands that the contemplated loan or advances will be used solely for the construction of improvements upon the land and that it will take reasonable precautions usual and customary to the financing and lending industry to ensure that the loan proceeds or advances will not be used for any other purpose. The CITY may also require surety bonds, irrevocable letters of credit, cash deposits, certified checks or negotiable bonds, as allowed under 11-9-606 C of the Revised and Compiled Ordinances of the CITY of Meridian, to insure the installation of the improvements, and the DEVELOPER agrees to provide such, if required by the CITY . 15. That DEVELOPER agrees that those portions of the water main or the sanitary sewer line, for which the CITY has expressly agreed to enter into a late comers agreement, if any, for including any water or sewer line extensions, increased line LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/96 Page 5 16. 17. size or capacity, are required because of future service needs originating from properties not owned by DEVELOPER and located within the vicinity of the subject development; that sound planning requires construction thereof at the present time in order to accommodate future expansion and development. In recognition of the cost savings which can be accomplished by construction of such excess capacity and/or improvements concurrently with the facilities to be constructed for DEVELOPER's purposes, and the impracticality or impossibility of constructing such excess capacity and/or improvements separately or at a later time, DEVELOPER agrees to design and construct such facilities subject to the CITY's agreement to enter into a late comers agreement to reimburse DEVELOPER for a portion of the costs of such excess capacity. DEVELOPER agrees to obtain three independent bona fide bids for the performance of such work from qualified and responsible contractors and shall deliver copies of such bids to the CITY prior to the commencement of such work. Such bids shall be solicited and itemized in a manner which allows clear and specific identification of that portion of the construction work for which the CITY may possibly agree to enter into a late comers agreement. The CITY's obligation to enter into a late comers agreement to help DEVELOPER to pay for such costs shall be limited to the lowest of such bids irrespective of whether the lowest bidder is in fact selected by DEVELOPER to perform the work. That DEVELOPER agrees that no Certificates of Occqpancy will be issued until all improvements are completed, unless the CITY. and the DEVELOPER have entered into an addendum agreement stating when the improvements will be completed in a phased development; in any event, no Certificates of Occupancy shall be issued in any phase in which the improvements have not been installed, completed, and accepted by the CITY. That DEVELOPER agrees, in recognition of the unique and peculiar circumstances relative to this development, to the special conditions set forth in Exhibit "B" attached hereto and by this reference made a part hereof; and agrees to construct a perimeter fence around the entire parcel prior to any construction, except where roadways and streets for access are located and except where the CITY has agreed that such fencing is not necessary. LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/96 Page 6 18. 19. 20. 21. 22. That DEVELOPER agrees that any notice required by this Agreement shall be given at the following address: CITY of Meridian: City Engineer City of Meridian 33 East Idaho Meridian, ID 83642 DEVELOPER: Farwest DevelQpers Inc Marty C.oldsmith 4550 West State Street Boise ID 837m That DEVELOPER agrees to pay all recording fees necessary to record this Agreement with the Ada County Recorder's office. All covenants and conditions set forth herein shall be appurtenant to and run with the land and shall be binding upon DEVELOPER's heirs, successors or assigns. This Agreement shall become valid and binding only upon its approval by the City Council and execution of the Mayor and City Clerk. That DEVELOPER agrees to ahide by all ordinances of the CITY of Meridian and the property shall be subject to de-annexation if the owner or his assigns, heirs, or successors shall not meet the conditions contained in the Findings of Fact and Conclusions of Law, this Development Agreement, and the Ordinances of the CITY of Meridian. LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/% Page 7 DATED the date, month and year flfSt appearing. DEVELOPER: Farwest DevelQpers, Inc By: ~ ....:r: .~ Name: Marty J Goldsmith Title: President ~~~ Name: Ken Henderson Title: SecretaJ:y CITY OF MERIDIAN .ß:.I D~ D. Corrie, Mayor B~~A~~ William G. Berg, Jr., City erk LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/96 Page 8 STATE OF IDAHO) ss. County of Ada On this - day of , 1996, before me, the undersigned, a Notary Public in and for said State, personally appeared Marty J Goldsmith, and Ken Henderson, known, or proved to me, to be the President and Secretary, respectively, of said corporation that executed this instrument and the persons who executed the said 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. """""'" ,,""1:.0 Kl}'¡;""", ", ~\. ..""" Ii). '00 l4; ..., "'" '\ : .. ~oTA.R'y" ~ æ i _.- : if ~ ~~¥~UB",\G ¡ i ~ ee ..'0'; ... <1>'>. e. e' ~ " ff < ~ '.....e' ,¡-" "'" l'E OF \~ "", ..,..........." STATE OF IDAHO) ss. Notary Publiclor ldaho Residing at: I I f'I '71 My Commission Expires: County of Ada On this ~ day of 1IJ/1 , 1996, before me, the undersigned, a Notary Public in and for said State, personally appe~ ROBERT D. CORRIE and WILLIAM G. BERG, JR., known to me to be the Mayor and City Clerk, respectively, of the City of Meridian that executed this instrument and the persons who executed the said instrument on behalf of said corporation, and acknowledged to me that said City of Meridian 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. ".~".'.' """"""""'" "c,E L. G " ....'~~..;).., ,¡ '00 ;:"«;- û'-', ["" +O1A~þ \ ~..,oUB\.\C 1ft] v. ':\ . ",'/dt""""'..ø" -t.~:~l ",;-:/1: Of \~"", ".""""" (SEAL) LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/% Page 9 , ~. . ,-,' -""", Rcylance & Associates P.A. 4619 Emerald. Sulle 0.2. Boise. Idaho B37O6 Engineers. Surveyors. Landplanners Telephone (208) 336.7390 Fax (208) 336-7391 August 15, 1995 Project No.~614P2 Legal. Description Los AIanútos Park Subdivision No.2 15.53 acre tract ofland A tract of land situated in the North 1/2 of the Southwest 1/4 of Section 20, Township 3 North, Range I East, Boise Meridian, Ada County, Idaho, described as follows: Commencing at a found steel pin monumenting the Southwest Corner of said Section 20, thence along the westerly line of said Section 20, said westerly line also being the centerline of South Locust Grove Road, North 00°-44'-49" East a distance of2654.68 feet to a found I" square bar monumenting the Northwest Corner of the Southwest 1/4 of said Section 20, thence leaving said westerly line and along the northerly line of said Southwest 1/4 North 89°-55'-41" East a distance of1585.93 feet to a set iron pipe, said pipe being the POINT OF BEGINNING. Thence leaving said northerly line South 00°-05'-00" East a distance of 163.44 feet to a point,-, Thence South 89°-55'-00" West a distance of 15.38 feet to a point, Thence South 01°-16'-00" West a distance of 131.60 feet to a set steel pin, Thence South 89°-55'-00" West a distance of 16.25 feet to a set steel pin, Thence South 00°-04'-00" East a distance of 163.53 feet to a point, Thence South 89°.55'-00" West a distance of 46.28 feet to a point, Thence South 00°-04'-00" East a distance of 136.11 feet to a set steel pin, Thence South 89°.37'-00" West a distance of8.52 feet to a set steel pin, Thence South 00°-04'-00" East a distance of 124.60 feet to a point, Ther!ce North 89°-12'-00' East a distance of5.15 feet to a point, Therlce South 00°-04'-00" East a distance of 167.59 feet to a set steel pin, Thence North 89°-56'-41" West (formerly North 89°-57'-08" West) a distance of 479.98 feet to a found steel pin, Thence North 29°-01'-26" West (formerly North 29°-46' West) a distance of252.05 feet to a set steel pin, Thence North 89°-58'-11" West (formerly North 89°-49'-39" West) a distance 86.82 feet to a point on the centerline of Nine Mile Drain, Thence along said centerline North 30°-23'-53" West a distance of60.06 feet to a point, c:\wordlext\1614p2\lega1.508 : ." . - ' Legal Description Los Alamitos Park Subdivision No.2 15.53 acre tract ofland August 15, 1995 Page Two Thence along the arc of a circular curve to the right a distance of 61.18 feet, said curve having a radius of300.00 feet, a central angle of 11°-41'-05", a chord bearing North 24°-33'-21" West and a chord distance of61.07 feet to a point, Thence leaving said centerline North 89°-30'-00" West a distance of3 1.60 feet to a found steel pin, Thence along the arc of a circular curve to the right a distance of32.48 feet, said curve having a radius of330.00 feet, a central angle of 05°-38'-23", a chord bearing North 14°-05'-16" West and a chord distance of32.47 feet to a found steel pin, Thence North 11°-16'-05" West a distance of25.11 feet to a found steel pin, Thence South 89°-30'-00" East a distance ofJO.64 feet to a point on said centerline of Nine Mile Drain, Thence along said centerline North 11°-16'-05" West a distance of 51 1.24 feet to a point on said northerly line of the Southwest 1/4, Thence leaving said centerline and along said northerly line North 89°-55'-41" East a distance of941.77 feet to the POINT OF BEGINNING. The above described tract ofland contains 15.53 acres, more or less. ROYLANCE AND ASSOCIATES, PA 4619 Emerald, Suite D2 Boise, ID 83706 208-336-7390 208-336-7391 (FAX) Prepared by: c:\wordtcxt\l G 14p2\lcgal.508 ~ I .t\ c=tS" 96 0 ~ 5 33 9 ADA CO. RECORDER EXHIBIT "B" J. DAVID I:AVARRO TO THE DEVELOPMENT AGREEMEMJ~I;-, J.~~ BY AND BETWEEN THE f'~fV. - ¿;l CITY OF MERIDIAN, IDAHÅ’6PJRV 30 PrJ~ AND ~ /" tl" . ' FEE \.../(§ -- CiCCI' It1...-/ FARWEST DEVELOPERS, Inft£co-RDED ".-1" c . ; nE REQU T OF This subdivision is for a maximum of 47 singlecfamily dwelling units with an overall density of 3.....Q3 dwelling units per acre. The DEVELOPER shall: 2. 3. 1. Construct a wrought iron fence along Nine Mile Creek outside existing Nampa-Meridian Irrigation District easement prior to obtaining building permits. Provide permanent perimeter fencing prior to obtaining building permits. Tile all other ditches, canals and waterways, including those that are property boundaries or only partially located on the property, unless downstream water users and the irrigation district determine they can be abandoned or a variance is granted by the City. Extend and construct water and sewer line extensions to serve the property and connect to Meridian water and sewer lines, as well as extending and constructing water and sewer line extensions through the property. 4. Construct curbs, gutters, sidewalks and streets to and within the property. 5. Pay any development, impact or transfer fee adopted by the CITY. 6. Meet the requirements and conditions of the Findings of Fact and Conclusions of Law and meet the Ordinances of the CITY. 7. Construct and install pressurized irrigation to all lots within this subdivision prior to obtaining building permits. 8. Provide pedestrian walkways in accordance with Meridian City Ordinance 11-9-605 C. 9. Make available to the Meridian School District a 2.3-acre parcel to be used for a future school/park site in future phases of Los Alamitos Subdivision. 10. Petition the City Council for amendment to this development agreement at such time as future phases of Los Alamitos Subdivision are proposed to incorporate specific requirements. EXHIBIT "B" LOS ALAMITOS SUBDIVISION NO.2 DEVELOPMENT AGREEMENT Rev. 5/7/96 Page 1 of 1