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Rackham Addendum to the Development Agreement H-2019-0081ADA COUNTY RECORDER Phil McGrane 2019-088365 BOISE IDAHO Pgs=23 BONNIE OBERBILLIG 09/18/2019 11:47 AM CITY OF MERIDIAN, IDAHO NO FEE F413% D 0 Biel 11110y @ Eli U OLVA 01 PARTIES: 1. City of Meridian 2. BVABC Eagle View, LLC, Owner/Developer THIS ADDENDUM TO DEVELOPMENT AGREEMENT (this Agreement), is made and entered into thisday ofI - NPJ*Mk)U , 2019, by and between City of O — Meridian, a municipal corporation of the State -of Idaho, hereafter called CITY whose address is 33 E. Broadway Avenue, Meridian, Idaho 83642 and BVABC Eagle View, LLC, whose address is 2775 W. Navigator Dr., Ste. 220, Meridian, ID 83642, hereinafter called OWNER/DEVELOPER. A. City and OWNERS and/or DEVELOPER entered into that certain Development Agreement that was recorded on May 8, 2019 in the real property records of Ada County as Instrument No. 2019-037825 ("DEVELOPMENT AGREEMENT) on the property shown in attached Exhibit "A". B. City and OWNER/DEVELOPER now desire to amend the Development Agreement (Instrument no. 2019-037825) with this Addendum to Development Agreement to include modifications to Section 5 CONDITIONS GOVERNING SUBJECT PROPERTY and to the Conceptual Development Plan. C. On the 27th day of August, 2019, the Meridian City Council approved certain Findings of Fact and Conclusions of Law and Decision and Order ("Findings"), which have been incorporated into this Agreement and attached as Exhibit "B". NOW, THEREFORE, in consideration of the covenants and conditions set forth herein, the parties agree as follows: OWNER/DEVELOPER shall be bound by the terms of the original Development Agreement, except as specifically amended as follows: 5. CONDITIONS GOVERNING DEVELOPMENT OF SUBJECT PROPERTY: 5.1 Future development of the subject property shall be generally consistent with the amended conceptual development plan attached hereto as Exhibit "C" and conditions of approval associated with the preliminary plat (H-2018-0126), 5.2 Owner/Developer shall diligently proceed with its application for subdivision plat(s) for Rackharn Subdivision, Owner/Developer shall undertake extension of utilities and other infrastructure as required under the UDC. Owner/Developer shall not sell any portion of the Property until the subdivision plat for Rackham, Subdivision is recorded. Prior to the Rackham Subdivision — H-2019-0081 Page 1 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 7 3 o f 2 5 9 ACKNOWLEDGMENTS IN WITNESS WHEREOF, the parties have herein executed this agreement and made it effective as hereinabove provided. OWNERS: BVABC Eagle View, LLC By: Its: u rmt 43F ftN* Pq1, I " -Sv I t A&j'f1}W M*4pot=/ e' CITY OF MERIDIAN ATTEST: ?ED Mayor Tammy- de Weerd (-�►'L ECif 1r, hnt)on, C� CA2Yr-- IHo AN STATE OF IDAHO) SEAL �lcrruv � Ue : ss: `�i,. County of -4a, °ffhe 7RFN5 �P On this 3dday of �*�?—,52019, before me, the undersigned, a Notary Publtil i aq fo • sa,�State, personally appeared Com known or identified to me to be the 1'� Otx.t o f BVABC Eagle View, LLC and the person who signed .and acknowledged to me that e executed the same on behalf of said eCaO IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this BRANDI LOVE COMMISSION NO. 37925^'�'�" NOTARY PUBLIC Notary Public for Idaho STATE OF IDAHO Residing at: Zjalr'ip FCL"\b SD MY COMMISSION EXPIRES 04/12020 1 My Commission Expires: STATE OF IDAHO ) : ss County of Ada On this ITh-of SeDkMbOV, 2019, before me, a Notary Public, personally appeared Tammy de Weerd and Chris Johnson, know or identified 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 CHARLENE WAY OOMMISSION 067390 NOTARY PUBLIC STATE OF IDAHO MY COMMISSION EXPIRES 3128/22 ry Notary Public for Idaho Residing at: Commission expires: _ n O� n k Cf It Rackharn Subdivision - H-2019-0081 Page 3 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 7 5 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 7 6 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 7 7 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 7 8 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 7 9 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 0 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 1 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 2 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 3 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 4 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 5 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 6 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 7 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 8 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 8 9 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 9 0 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 9 1 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 9 2 o f 2 5 9 M e r i d i a n C i t y C o u n c i l M e e t i n g A g e n d a S e p t e m b e r 1 7 , 2 0 1 9 – P a g e 9 3 o f 2 5 9 EXHIBIT “C” Conceptual Development Plan Rackham Subdivision - H-2019-0081 Meridian City Council Meeting Agenda September 17, 2019 – Page 94 of 259