10-725 Acknowledging Payment for Five Twelve Sub N
~~ O -
o ~ C/}
CITY OF MERIDIAN RESOLUTION NO. ~ ~ ' ~° -''
Z =~
~~
O - ~r,
BY THE CITY COUNCIL: BIRD, HOAGLUN, ROUNTREE, ZAREMBA ~ =~
r.
__~
A RESOLUTION OF THE MAYOR AND CITY COUNCIL ACKNOWLEDGING o
PAYMENT OF THE PROPORTIONATE SHARE OF THE REIMBURSEMENT 4
AGREEMENT FOR THE PROPERTY AS IDENTIFIED BY EXHIBIT "A" AND Z
ACKNOWLEDGING THAT THE APPLICANT FOR THIS PARCEL HAS SATISFIED 3 ~
ALL THE CONDITIONS OF THE ACCOMPANYING DEVELOPMENT AGREEMENT _
o 0
FOR THE FOREGOING PROPERTY AND PROVIDING AN EFFECTIVE DATE. W o 0
HEREAS, the City of Meridian entered into a Development Agreement (Instrument 0o N
~ ~ C W
O4 y~
W ~ 4 °`
#106151232) for the property known as Bearwood, and said Development Agreement includes ~o._~
N S '-
z 4 3 o v
the parcel now identified as Five Twelve Subdivision (the "Subdivision"); and Od~O R
~ y ~
O O W W d
Q. m d ~
WHEREAS, the City Council approved a Cooperative Construction and Reimbursement
Agreement fora 27 inch Sanitary Sewer Trunkline from Linder Road to Stoddard Road as
evidenced by Instrument #108124038; and
WHEREAS, the Subdivision is subject to the terms and conditions of reimbursement
under the Cooperative Construction and Reimbursement Agreement, and the Applicant (defined
below) was directed by the staff report to satisfy the condition of payment for its proportionate
share of the sanitary sewer trunkline; and
WHEREAS, the City Council approved the final plat for the Subdivision on March 23,
2010; and
WHEREAS, on May 5, 2010, Corporation of the Presiding Bishop of The Church of
Jesus Christ of Latter-day Saints (the "Applicant") paid its proportionate share of the trunkline in
the amount of $19,331.00 and otherwise satisfied its obligations under the Development
Agreement and the Cooperative Construction and Reimbursement Agreement; and
NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF MERIDIAN, IDAHO:
Section 1. That the Applicant has complied with the requirements of the staff report and
has satisfied all of the outstanding conditions in the Development Agreement and the
Cooperative Construction and Reimbursement Agreement as it pertains to the Subdivision
Section 2. That this Resolution shall be in full force and effect immediately upon its
adoption and approval.
PAGE 1 OF 2
4R79_7(R1_~574 1
ADOPTED by the City Council of the City of Meridian, Idaho, this day of
2010.
A PROVED b the Mayor of the City of Meridian, Idaho, this l~Y y of
Y
2010.
APPROVED:
~el~
\L~~~,,,,,,,,,~Irayor T de Weerd
ATTEST: ~~~ pF M~jO~~'b ~'
~R9 TF /
By: o
Jaycee H an, City Clerk
- SEAL -
~'p UST isrt • .~ .~
rP~ ~
~ovrv-~Y ~ `O ~ ~`
PAGE 2 OF 2
dR7Q_7FR1-'t57d 1