Z - DA Briar Ridge Subdivision H-2021-0036 (2021-161803) ADA COUNTY RECORDER Phil McGrane 2021-161803
BOISE IDAHO Pgs=56 HEATHER LUTHER 11/10/2021 11:28 AM
CITY OF MERIDIAN, IDAHO NO FEE
DEVELOPMENT AGREEMENT
PARTIES: 1. City of Meridian
2. Endurance Holdings,LLC, Owner
3. Challenger Development, Inc., Developer
THIS DEVELOPMENT AGREEMENT (this Agreement), is made and entered into
this 9th day of November , 2021, by and between City of Meridian, a municipal
corporation of the State of Idaho,hereafter called CITY whose address is 33 E.Broadway Avenue,
Meridian, Idaho 83642 and Endurance Holdings, LLC whose address is, hereinafter called
OWNER and Challenger Development Inc.,whose address is 1977 E. Overland Road,Meridian,
ID 83642,hereinafter called DEVELOPER.
l. RECITALS:
1.1 WHEREAS,Owner is the sole owner, in law and/or equity, of 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, 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 and/or 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 and/or Developer has submitted an application for a
Modification of a Development Agreement as required by the existing
Development Agreement (Inst. #2016-007070) to update the development
plan to redevelop the property and be bound by this new Agreement under the
Unified Development Code,which generally describes how the Property will
be developed and what improvements will be made; and
DEVELOPMENT AGREEMENT—BRIAR RIDGE SUBDIVISION(H-2021-0036) PAGE 1 OF 9
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