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PF.NTURC GROUP
Meridian OZ Apartments
CUP/Development Agreement Applications
Project Information
Project Address: 1475 E FRANKLIN RD MERIDIAN , ID 83642
Parcel: S 1118110051
Acres: 2.392
Zone: R-40
Project Description:
The new proposed multi-family development will consist of 60 units, 30 of which will be one
bedroom one bathroom and the other 30 will be 2 bedroom I bathroom units. Each unit will also
have their own private 80sf deck. The site will consist of five 12 plex buildings that will all be 3
stories reaching to approximately 30'in height. The amenities onsite will be enclosed bike
storage, a community garden and walking paths. This new development is fully parked based on
code with a total of 112 parking spaces and 60 of which are covered by carports.
Development Agreement Modification Information:
Project Name: Cobblestone Village
File Number: AZ-99-005
City Council Meeting Date: November 16th, 1999
Recording Date: December 22nd, 1999
Instrument Number: 99121334
Sections to be modified: Requesting a new stand alone Development Agreement for this
property as the current Development Agreement is 23 years old.
NEW Development Agreement Information:
Property Owner: Meridian OZ LLC
Mailing Address: 1109 W Main Street Ste. 700
Boise,ID 83702
Legal Description: Exhibit A
Jorre Delgado
661.742.4967
jorre@realmventuregroup.com
EXHIBIT A
A parcel located in the Northeast Quarter of the Northeast Quarter of Section 18, Township 3 North,Range 1
East,Boise Meridian,Ada County,Idaho,more particularly described as follows:
Commencing at a brass cap monument marking the Northeasterly corner of said Northeast Quarter of the
Northeast Quarter from which a 5/8 inch diameter iron pin marking the Southeasterly corner of said Northeast
Quarter of the Northeast Quarter bears South 0°31'11" West a distance of 1329.58 feet; thence
South 0°31'11" West along the Easterly boundary of said Northeast Quarter of the Northeast Quarter a
distance of 565.45 feet to a point;thence leaving said Easterly boundary
South 89°40'52" West a distance of 48.01 feet to a 5/8 inch diameter iron pin and the POINT OF
BEGINNING;thence continuing
South 89°40'52" West a distance of 426.63 feet to a 5/8 inch diameter iron pin on the Easterly boundary of
Medimont Subdivision No. 1 as shown in Book 75 of Plats at Page 7794 in the office of the Recorder,Ada
County, Idaho; thence
North 0°58'12" East along said Easterly boundary a distance of 378.91 feet to a 5/8 inch diameter iron pin
marking an angle point in said Easterly boundary;thence continuing along said Easterly boundary
North 2°14'56" West a distance of 142.37 feet to a 5/8 inch diameter iron pin;thence leaving said Easterly
boundary
North 89°46'00" East a distance of 58.37 feet to a 5/8 inch diameter iron pin; thence
South 83°23'59" East a distance of 70.65 feet to a 5/8 inch diameter iron pin; thence
South 2°14'32" East a distance of 390.37 feet to a 5/8 inch diameter iron pin; thence
South 89°28'49"East a distance of 283.06 feet to a 5/8 inch diameter iron pin; thence
South 0°31'11"West a distance of 118.23 feet to the REAL POINT OF BEGINNING.
This page is only a part of a 2016 ALTA Commitment for Title Insurance.This Commitment is not valid without the Notice,the Commitment to Issue Policy,the Commitment
Conditions;Schedule A;Schedule 8,Part I—Requirements;and Schedule 8,Part II—Exceptions.
ALTA Commitment for Title Insurance
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