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Troutner Business Park 97 () 1 Y 077 AD~~ GC', REGOFìCEi{ J. DN:iJ ¡J,\\'/J'.C:O THIS DEVELOPMENT AGREEMENT t'~ 1°11 ~~" [TROUTNER BUSINESS PARK], 97 JUlj 5 J Pr1; '. 63 - AGREEMENT, made and entered intoFEcthi~_.~1i ~~~M/~ , 1997, by and between the cî¥'f';c)F":ME:Ri~ corporation of the state of Idaho ("CITY"), and Troutner ~ municipal Business Park Development corporation, an Idaho corporation, whose address is clo James Ballantyne, 10250 Whispering Cliffs Drive, Boise, Idaho 83704 ("Developer"). WITNESSETH: WHEREAS, DEVELOPER is the sole owner, in law andlor equity, of a certain tract of land in the county of Ada, State of Idaho, described in Exhibit "A" (the "property"), which is attached hereto and by this reference incorporated herein as if set forth in full [DEVELOPER is the successor in interest of the prior owners, David Nordling, Paul Troutner, Art Troutner, Jim Ballantyne and others, most of whom are now shareholders of DEVELOPER herein]; and WHEREAS, the State of Idaho legislature, :i,n 1991, passed Idaho Code, 67-6511A, Development Agreements, which provides that cities may enter into development agreements with developers upon rezoning of land; and WHEREAS, the CITY has passed two development agreement ordinances, one when land is rezoned, 11-2-416 L, and one when land is annexed, which is when it is also rezoned, 11-2-417 D; and DEVELOPMENT AGREEMENT - 1 d/reelest/trout2de.wpd WHEREAS, the DEVELOPER has submitted and the CITY has approved an application for annexation and zoning of the property to General Retail and Service commercial (C-6) and Limited Office (L-O) and has submitted a final preliminary plat for said property; 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 authority to place conditions and restrictions upon annexation or rezoning of property; and WHEREAS, the DEVELOPER (through its predecessors), as sole owner of said land, has made request to the CITY to have the same annexed to said CITY, and has submitted to the CITY a Plat thereof. The property 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 CITY in the Findings of Fact and Conclusions of Law, annexed the property subject to de-annexation if the DEVELOPER did not enter into a Development Agreement. NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: DEVELOPMENT AGREEMENT - 2 dIrest estl t rout2de. wpd DEVELOPER agrees, and hereby binds its successors and assigns to this agreement, in consideration for the annexation of the property as follows: 1. That the above recitals are contractual and binding and are incorporated herein as if set forth in full, and the terms of this Agreement cannot be altered, changed or modified without the express written consent of the CITY. 2. Zoninq: That the development of Property shall be only for General Commercial and service Commercial (C-G) and Limited Office (L-O) and developed as a commercial Planned Development and all applications to develop lots shall be processed under the Conditional Use Permit process for the CITY of Meridian. 3. Non-Development Aqreement (Phase II): Upon execution hereof the parties agree to execute a "Non-Development Agreement" for the Phase II portion of this subdivision. DEVELOPER agrees that if the city needs or desires a required improvement to be completed in Phase II, CITY shall inform DEVELOPER in writing and DEVELOPER agrees to commence construction of those Phase II improvements contained in the CITY's letter within sixty (60) days from the receipt of the CITY's letter and complete those improvements within 180 days of CITY's letter. DEVELOPMENT AGREEMENT - 3 dlrealestltrout2de.wpd 4. No Plat Chanqes: There shall be no change to increase the number of lots shown in the final Plat approved by the CITY of Meridian, which is incorporated herein as if set forth in full herein. (This plat is depicted in Exhibits B-1 and B-2 attached hereto.) 5. subdivision Improvement Plans: DEVELOPER will, before construction commences, file or cause to be filed with the CITY Engineer, a complete set of "subdivision Improvement Plans" showing all streets, curbs, gutters and sidewalks utilities, pressurized irrigation facilities, sewer, water, drainage, street and other similar signing and barricades, and other such improvements contemplated within that Phase of 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 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. DEVELOPMENT AGREEMENT - 4 dIrest est/t rout2de. wpd 6. Installation of Infrastructure: DEVELOPER will, at its own expense, (and subject to that Non-Development Agreement attached hereto), construct and install all sanitary sewers, storm drains, pumping stations, water mains and appurtenances, fire hydrants, curbs and gutters, pressurized irrigation system, electrical transmission lines, natural gas lines, cable TV lines, telephone lines, curbs, gutters and 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, and television lines as required for the development. 7. Infrastructure Installation standards: 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. DEVELOPMENT AGREEMENT - 5 dIrest estlt rout2de. wpd 8. construction Schedule: Advance Notice to Meridian Enaineer: 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 it intends to complete and the time schedule therefor; and agrees to make such modifications andlor construct any temporary facilities necessitated by such phased construction work as shall be required and approved by the CITY Engineer. 9. Corrected oriainal Drawinas: 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 of the various water, sewer, utility 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. DEVELOPMENT AGREEMENT - 6 d/reatestltrout2de.wpd 10. Notification of completion: DEVELOPER will, immediately upon the completion of any such constructed portion, or portions of said development, notify the CITY Engineer and request his inspection and written acceptance of such completed improvements. completion of Improvements bv CITY of Meridian: Notice; 11. Hearinq: 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, of said improvements need to be completed in the interest of the health, welfare andlor safety of the inhabitants of the CITY, the DEVELOPER will thereupon, within a reasonable time, construct said 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. provided, however, the CITY council shall not make the finding 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 DEVELOPMENT AGREEMENT - 7 dIrest est/trout2de. wpd 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. Developer completion of Improvements: Hearinq: DEVELOPER agrees that upon its having received written notification 12. 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 occupancy within such annexed area andlor 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 DEVELOPMENT AGREEMENT - 8 d/reslest/trout2de. wpd improvements and, without notice, foreclose this Agreement as a mortgage in accordance with the mortgage foreclosure laws of the state of Idaho. 14.2 Release of Security: Upon request of the DEVELOPER, the CITY will execute and deliver a partial release of the lien created herein andlor release any other security posted under section 14.4 below against all or any Phase or 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. 14.3 subordination to Lender: The CITY further agrees that, upon 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 financing 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 DEVELOPMENT AGREEMENT - 10 dlresl est/t rout2de. wpd 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. 14.4 Bonds and Other security: 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. Late Comers Aareements: It is agreed that as part of this Development DEVELOPER will install a sewer line off property of approximately 1,388 feet (from the entrance of the Development to the manhole cover on Taylor Avenue) . DEVELOPER may also install a water line 533 feet from Meridian Road to the east edge of the Development. The cost of these installations shall be paid by DEVELOPER. However, since each of these off-site improvements can be used by the other land owners, it is agreed that the DEVELOPER shall request that the CITY enter into a late comers agreement concerning these utility extensions usable by other parties. DEVELOPER agrees to design and construct such facilities subject to DEVELOPMENT AGREEMENT - 11 d/reatestltrout2de.wpd the CITY's approval of the design of the facilities. 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 which would apply to a late comers agreement. The CITY's obligation to enter into a late comers agreement to have future users of the water andlor sewer line extension help DEVELOPER 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. 16. Certificates of Occupancv Conditional on completion of Improvements: DEVELOPER agrees that no Certificates of occupancy in a Phase will be issued until all improvements in that Phase are completed and no Certificates of Occupancy shall be issued in any Phase until the improvements have not been installed, completed, and accepted by the CITY; provided, however, that this paragraph 16 shall not apply to the construction of the USDA building on Lot 3 Block 2, which building will probably be completed prior to the total DEVELOPMENT AGREEMENT - 12 dl rea lestltrout2de. wpd completion of all other site improvements to Phase I. The construction of this USDA building shall be subject to Meridian approvals outside of this Development Agreement. Special Conditions: DEVELOPER agrees to the following 17. special conditions and development requirements: 17.1 Perimeter Fence: To construct permanent fencing as approved by the CITY of Meridian around the perimeter of the development (except for the perimeter adjacent to Franklin Road, roadways, pedestrian easement areas, and Eight Mile Lateral crossings). 17.2 Eiaht Mile Lateral Fence: As each Phase is developed, DEVELOPER shall install six (6') foot chain link permanent fencing on both sides of Eight Mile Lateral except where roadways are located as shown on the approved Improvement Plans. 17.3 Hammerheads: DEVELOPER shall construct two hammerheads next to Franklin square Subdivision as shown in the Plat depicted in Exhibits B-1 and B-2. These hammerheads are to be dedicated to ACHD. 17.4 Lot 11 Block 1 Pedestrian Easement: DEVELOPER shall construct with concrete and materials approved by the CITY of Meridian a 12' wide pedestrianlbicycle and emergency easement access way from S.W. 5th street to DEVELOPMENT AGREEMENT - 13 direst est/t rout2de. wpd penwood street on Lot 11 Block (depicted on Exhibits B-1 and B-2), together with approved emergency bollards. 17.5 Ditches: Tilina: DEVELOPER agrees that except for Eight Mile Lateral, all other irrigation or drainage ditches shall be tiled or piped. 17.6 Plantina strips. W. Franklin Road: DEVELOPER agrees to landscape and plant those thirty-five (35') foot Common Area Lots (Lot 1 Block 1; Lot 1 Block 2) along W. Franklin Road. 17.7 Berm and Landscapina Thirtv-Five (35') Foot Western strip Adiacent to Franklin Square Subdivision: DEVELOPER agrees to landscape and berm that thirty-five (35') foot strip on the western edge of Lots 6, 7, 8, 9, 10, 12 and 13 of Block 1 which are adjacent to Franklin Square Subdivision (except the area covered by the Hammerheads, the pedestrianlbicycle easement over Lot 11 Block 1, or the Eight Mile Lateral). 17.8 Pressurized Irriaation: DEVELOPER agrees to install pressurized irrigation for each lot in each Phase together with all necessary pumping facilities. 17.9 Water and Sewer: Extend and construct water and sewer line extensions and connect to the existing Meridian water and sewer lines to serve each Phase of DEVELOPMENT AGREEMENT - 14 d/rea t est/trout2de. wpd this development as each Phase is constructed and to serve each building lot in each Phase. 17.10 streets. Curbs. Gutters and sidewalks: Construct streets, curbs and gutters and sidewalks of the development which meet CITY and ACHD requirements. 17.11. Riaht of Wav Dedication: Dedicate all required public rights of way from the center line of adjoining public roads. 17.12. Meridian Fees: Pay any usual and customary development fees or transfer fees adopted by the CITY of Meridian. 17.13 Meridian Ordinances: Comply with all Meridian CITY ordinances. 17.14 Common Area Lots: DEVELOPER agrees to deed the common Area Lots to the Troutner Business Park Association, Inc. set up in the CC&R's. These Common Area Lots are Lot 1 Block 1; Lot 1 Block 2; and Lot 11 Block 1 (pedestrianlbicycle CITY easement) and the Eight Mile Lateral Common Area lots which are Lots 5 Block 1, Lot 5 Block 2, Lot 13 Block 2, and Lot 5 Block 3. The CC&R's shall provide that these lots shall be maintained by the Association. DEVELOPMENT AGREEMENT - 15 dlrea t est/t rout2de. wpd 17.15 storm Drainaae: DEVELOPER agrees to provide storm drainage as approved by the Engineer for the CITY of Meridian. 18. Notices: 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: Troutner Business Park Development clo James H. Ballantyne 10250 Whispering Cliffs Drive Boise, Idaho 83704 Corporation COpy TO: James W. Kiser Attorney at Law PO Box 190718 Boise, Idaho 83719 19. Recordina Fees: That DEVELOPER agrees to pay all recording fees necessary to record this Agreement with the Ada county Recorder's office. 20. Run with the Land: 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. DEVELOPMENT AGREEMENT - 16 dl res lest/trout2de. wpd 21. Approval bY CITY of Meridian: This Agreement shall become valid and binding only upon its approval by the CITY council and execution of the Mayor and CITY Clerk. 22. De-annexation: That DEVELOPER agrees to abide by all ordinances of the CITY of Meridian and the property shall be subject to de-annexation if the owner or its assigns 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. DATED the date, month and year first appearing. DEVELOPER: Troutner Business Park Development corporation By ~~~-:;ident DEVELOPMENT AGREEMENT - 17 d/reeles t/trout2de. wpd ATTEST: BY~~ ~l ~am G. Berg, Ji ., c~ty County of Ada) On this e2%!!2 day of ~J , 1997, before me, the undersigned, a Notary Public in and for said state, personally appeared JAMES H. BALLANTYNE and MARY BALLANTYNE, known, or proved to me, to be the President and SecretarYITreasurer of Troutner Business Park Development Corporation and acknowledged to me that they execu1y.eqthe same on behalf of the corporation. '. "ò"r ,..,-",- IN WITNESS,W~EOF, I have hereunto set my hand and affixed my official sea;L, £Jï.:~ day and year in this certificate first above m;;¡itten. " ;"""- 5,¡;f,;~';;:~}~\~L '. , ~ fS~~T .' ..: ~':,i,,\ :~,,\~~..i: ~.\.:.',~~;<~~' /;;~i;'?{ ~:.~T. AT~:.d~.~lJlÛio. ¿-)~). - - '\'"".<, -.' ",/°" co~~tyr~t\Ü~ "~'I ..i,d" On this ";¿O~ day of , 1997, before me, the undersigned, a Notary Public in d for said state, personally appeared ROBERT D. CORRIE and WILL AM 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. STATE OF IDAHO) :ss. ~~-J~ æ No . ~ Publi ~ ¡d~ Res~d~ng at: ~ My commission Expires: .3,"'?§tJ.3 :ss. 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. Q~}'\o ::'..,': (JJ 0;. [ ~O1A~; \ ~* AU ,C ": (SEAL)":;. \. VB\.. ¡ " '.~ -:-.-... ~ " '-',;;1'£ Of \'i>~""" ""'"" ""..." DEVELOPMENT AGREEMENT - 18 direst est/t rout2de. wpd ....__.._,--~;:..-_...,_.._..._-_...,_..._- .,.. -.-..-..--.----'-'." A PARCEL OF LAND LYING WITHIN THE NORTHEAST 1/4 OF SECTION 13, TOWNSHIP 3 NORTH, RANGE' 1 WEST, BOISE MERIDIAN, MERIDIAN CITY, ADA COUNTY, IDAHO, MORE PARTICULAAL Y DESCRIBED AS FOLLOWS: COMMENCING AT AN ALUMINUM CAP MONUMENT MARKING THE NORTHEAST CORNER OF SAID SECTION 13; THENCE , WEST ALONG THE NORTH LINE OF SAID SECTION AND THE CENTERLINE OF FRANKLIN ROAD, A DISTANCE OF 1328.20 FEET TO A BRASS CAP MONUMENT MARKING THE EAST 1/18TH CORNER OF SAID SECTION 13; THENCE CONTINUING WEST ALONG SAID SECTION LINE, A DISTANCE OF 362.70 FEET TO THE REAL POINT OF BEGINNING; THENCE . SOUTH 00 DEGREE 08'25" WEST A DISTANCE OF 613.70 FEET; THENCE NORTH 72 DEGREES 09'35" WEST A DISTANCE OF 316,95 FEET TO THE EAST BOUNDARY OF FRANKLIN SQUARE SUBDIVISION AS RECORDED IN BOOK 44 OF PLATS AT PAGES 66S7 & 66S8; THENCE SOUTH 00 DEGREE OS'58" WEST ALONG SAID EAST BOUNDARY A DISTANCE OF 1363.46 FEET; THENCE SOUTH 85 DEGREES 41'00" EAST A DISTANCE OF 147.41 FEETTO AN IRON PIN; THENCE NORTH 79 DEGREES 66'00" EAST A DISTANCE OF 623.4S FEET; THENCE NORTH 00 DEGREE 13'31' EAST A DISTANCE OF 142,00 FEET; THENCE NORTH 69 DEGREES 52'13' EAST A DISTANCE OF 790.35 FEET TO AN IRON PIN; THENCE NORTH 00 DEGREE 23'12' EAST A DISTANCE OF 329.06 FEET TO AN IRON PIN; THENCE NORTH 89 DEGREES 56'06" WEST A DISTANCE OF 12S.95 FEET TO AN IRON PIN; THENCE NORTH 00 DEGREE IS'07' EAST A DISTANCE OF 663.29 FEET; THENCE NORtH 69 DEGREES 56'05" WEST A DISTANCE OF 663.21 FEET; THENCE NORTH 00 DEGREE 13'31' EAST A DISTANCE OF 349.76 FEET; THENCE WEST A DISTANCE OF 123.99 FEET; THENCE NORTH 00 DEGREE 13'4S" EAST A DISTANCE OF 313, 10 FEET; THENCE WEST A DISTANCE OF 23S.73 FEETTO THE REAl POINT OF BEGINNING. EXCEPT THAT PORTION LYING WITHIN FRANKLIN ROAD RIGHT-OF-WAY, &XA,-b,'-þ A-- I FINAL PLAT OF ....."","', TROUTNER PARK SUBDIVISION . , A BUSINESS PARK SUBDIVISION LOCATED IN ......" -'--n- r A PORTION OF THE NORTHEAST 1/4 OF SECTION 13, L3N., R,1W., B.M,. MERIDIAN CITY, ADA COUNTY. IDAHO NOTES 1997 .. ........"'-........,.--.. ""5..........., " ~ ""0.""""5__........................... """""'1HEatY...-.........._......"""""""".""""" ...... ............ ... .. ,. " ..... - ........ '" .. """""'" ....... 'NO<- ¡¡ Uf~~=-~~'1.c~~ ~~ 1IìJ,p........ ¡¡ ~} ~ """""'5_""".""""""""""",,. ............. < n .................,.......V...............,................. ....... e~ ::-""..::::f,,::,"""""""- .........................,... il 0 @ Ii> ~ ".""--"""""""-'-""""""""5 ......... ,. " ........ '" ......... ... ..... ...... ......... .......... " oms ....~ ""'" , "" ....,...... ....... oms . ... ......... "" ....,..... -........---....-.... ".-......-................""...""""........ S. ......... 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