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Timber View Subdivision AZ 00-010FEB-15-2001 10 40 BPiGGS ENGINEERING, INC. 12083452950 P.04 PARTIES: 1. 2. AEVELOPMENT AGREEMENT City of Meridian Victory 41, LLC, Ovmer/Developer THIS DEVELOPMENT AGREEMENT (this "Agreement"), is made and entered into this/2yh_ day oI ~2Gh/ , 2000, by and between CITY OF MERIDIAN, a municipal corporation of the State of Idaho, hereafter called "CITY", and VICTORY 4I, LLC, hereinafter called "OWNER/DEVEhOPER", whose address is 6874 Fairview, Boise, Idaho 83704. RECrrALS: 1.I 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 l .2 WHEREAS, LC. §67-6511A, Idaho Code, provides that cities may, by ordinance, require or permit as a condition of rezoning tktat the owner or "Ownez/Developer" make a written comntictnent concerning the use or development of the subject "Property"; and 1.3 WHEREAS, "City" has exercised its statutory authority by the enactment. of Ordinance 11-15-12 and I I-16.4 A, which authorizes development agreements upon the annexation and/or re-zoning of land; and 1.4 WHEREAS, "Owner/Developer" has submitted an application for annexation and coning of the "Property"s described in hxhibit A, and has requested a designation of l.nw Densit. Residential District R-4 , (Meridian City Code §§ 11.7.2 C); and DLVELOPMENTAGREEMENT(AZ-00-010) - l FEB-15-2001 10 40 BRIGGS ENGINEERING, INC. 12083452950 P.05 1.5 WHEREAS, "Owner/Degeloper" made representations at the public hearings both before the Meridian Planning & Zoning Commission and before the Meridian City Council, as to how the subject "Property" will be developed and what improvements will be made; and 1.6 `WHEREAS, record of the proceedings for the requested annexation and zoning designation of the subject "Property" held before the Planning & Zoning Commission, and subsequently before the Cicy Council, include responses of government subdivisions providing services within the City of Meridian planning jurisdiction, and received further testimony and comment; and 1.7 WHEREAS, City Council, the _ day of _, 2000, has approved certain Findings of Fact and Conclusions of Law and Decision and Order, set forth in Exhibit $, which are attached hereto and by this reference incorporated herein as if set forth in full, hereinafter referred to as (the "Findings"); and ~T":$, WHEREAS, both the "Findings" require the '•~-~~:'Owner/Developer" to enter into a development agreement before the City Council takes final action on annexation and zoning designation; and 1.9 "DEVELOPER" deems it to be in its best interest to be able to enter into l.his Agreement and acknowledges that this Agreerxient was entered into voluntarily and at its urging and requests; and l , L0 WHEREAS, "City" requires the "Owner/Developer" to enter into a development agreement for the purpose of ensuring that the "Propert.y" is developed and the subsequent use of the "Property" is in accordance with the terms and conditions of this development agreement, herein being established as a result of evidence received by the "City" in the proceedings For annexation and zoning DEVELOPMF.NTAGRL'•L•MENT(AZ•OU-010) -2 FEB-15-2001 10 41 BRIGGS ENGINEERING 1NC. 12083452950 P.06 designation from government subdivisions providing services within the planning jurisdiction and from affected property owners and to ensure annexation and zoning, designation is in accordance with the Comprehensive Plan of the City of Meridian adopted December 21, 1993, Ordinance #629, 7anuary 4, 1994, and the Zoning and Development Ordinances codified in Meridian City Code Title 11 and Title 12. NOW, THEREFORE, in consideration of the covenants and conditions set forth herein, [he parties agree as follows: 2. INCORPORATION OF RECITALS: That the above recitals are contractual and binding and are incorporated herein as if set forth in full. 3. DEFINITIONS: For all purposes of this Agreement the following words, terms, and phrases herein contained in this section shall be defined and interpreted as herein provided for, uriless the clear context of the presentation of the same requires otherwise: 3.1 "CITY": means and refers to the City of Meridian, a party to this Agreement' v~hich is a municipal Corporation and government subdivision of the state of Idaho, organized and existing by virtue of ]aw of the State of Idaho, whose address is 33 East Idaho Avenue, Meridian, Idaho 83642. 3.2 "DEVELOPER"/"OWNER": means and zefers to Victory 41, LLC, whose address is 6874 Fairview Avenue, Boise, Idaho 83704, the party developing said "Property" and shall include any subsequent owner(s)/developer(s) of the "Property". 3.3 "PROPERTY": means and refers to that certain parc:el(s) of "Property" located in the County of Ada, City of Meridian as described in Exhibit "A", attached hereto and by this reference incorporated herein as if set forth ac length. DF..VELOPMEN'r AGRFF.MENl" (AZ-00-O10) - 3 FEB-15-2001 10=41 BRIGGS ENGINEERING, INC. 4. USES PERMITTED BX pX-fTS AGREEMENT: 12083452950 P.07 4.1 The uses allowed pursuant to this Agreement are only those uses allowed under "City "s Zoning Ordinance codified at Meridian City Code Sections 11-7-2 C which are herein specified as follows: JR-4) I-ow Density Residential District: Only single- family dwellings shall be permitted and no conditional uses shall be permitted except for planned residential development and public schools. The purpose of the R-4 District is to permit the establishment of low density single-family dwellings, and to delineate those areas where predominantly residential development has, or is likely to occur in accord with the Comprehensive Plan of the City, and to protect the integrity of residential areas by prohibiting the intnlsion of incompatible nonresidential uses. The R°4 District allows for a maximum of four (4) dwelling units per acre and requires connection to the Municipal water and server systems of the City. For the construction: and development of single family residential subdivision. 4.2 No change in the uses specified in this Agreement shall be allowed without modification of this Agreement. CONDITIONS GOVERNING DEVELOPMENT OP SUBJECT PROPERTY: 5.A "Developer"/"Owner" shall enter into a Development Agreement, that provides in the event the conditions therein arc not met by the Developer that the property shall be subject to de-annexation, with the City of Meridian which provides for the following conditions of development to-wit: UIiVFLQPMENTAGREBMfin'T(AZ-00-010) -4 FEB-15-2001 10=42 BRIGGS ENGINEERING INC. 12083452950 P.08 5.1 A minimum 20-foot landscape buffer beyond all right-of- way on E. Victory Road shall be required as a condition of annexation. 5.2 The 20 foot landscape buffer along the west side of the development maybe waived if applicant provides proof to the Planning and Zoning Department that the commercial activity consisting of an adjacent gravel pit has ceased, is under a plan of reclamation, and is likely to be converted to residential use in the foreseeable future- In the absence of such proof, the 20 foot landscape buffer as recommended by City Staff must be installed as a condition of final plat approval. 6. COMPLIANCE PERIOD/ CONSENT TO REZONE: This Agreement and the commitments contained herein shall be terminated, and the zoning designation reversed, upvn a default of the "Developer"/"Owner" or "Developer"'s/"Owner's" heirs, successors, assigns, to comply with Section 5 entitled "Conditions Governing Development of subject "Property' of this agreement within two years of the date this Agreement is effective, and after the "City" has complied with the notice and hearing procedures as outlined in T.C. § 67.6509, or any subsequent amendments or recodifieations thereof. 7. CONSENT TO DE-ANNEXATION AND REVERSAL OF ZONING DESIGNATION "Developer"/"Owner" consents upon default to the de-annexation and/or a reversal of the zoning designation of the "Property" subject to and conditioned upon the following conditions precedent to-v~rit.: 7.1 That the "City" provide written notice of any failure t.o comply with this Agreement to "Developer"/"Owner" and if the "Developer"/"Owner" fails to cure such failure within six (6) months of such notice. 8. INSPECTION: "Developer"/"Owater" shall, immediately upon completion of any portion or the entirety of said development of the "Property" as required by this agreement, or by City ordinance or policy, notify t)EVELOPMENTAGREEMENT(AZ-00-070) -5 FEB-15-2001 10 42 BRIGGS ENGINEERING, INC. 12083452950 P.09 the City Engineer and request the City Engineer's inspections and written approval of such completed improvements or portion thereof in accordance with the terms and conditions of this Development Agreement and all other ordinances of the "City" that apply to said Development, 9. DEFAULT: 9.1 In the event "Developer"/"Owner", "Developer"'s/"Owner's" heirs, successors, assigns, pr subsequent. owners of the "Property" or any other person acquiring an interest in the "Properly", fail to faithfully comply with all of the terms and conditions included in this .Agreement in connection with the "Property", this Agreement may be modiFied or terminated by the "City" upon compliance rt~th the requirements of the Zoning Ordinance. 9.2 A waiver by "City" of any default by "Developer'"/°Owner" of any one or more of the covenants or conditions hereof shall apply solely to the breach and breaches waived and shall not bar any other rights or remedies of "City" or apply to any subsequent breach of any such or other covenants and conditions. 10. REQUIREMENT FOR RECORI7ATTON: "City" shall retard either a memorandum of this Agreement or this Agreement, including all of the Exhibits, at "Developer"'s/"Owner's" cost, and submit proof of such recording to "Developer"/"Owner", prior to the third reading of the Meridian Zoning Ordinance in connection with the annexation and Toning of the "Property" by the City Council. If for any reason after such recordation, the City Council fails to adopt. the ordinance in connection with the annexation and zoning of the °hroherty" cont.enrplated hereby, the "City" shall execute and record an appropriate instrument of release of this Al,~eement. 11. ZONING: "City" shall, following recordation of the duly approved Agreement, enact a valid and binding ordinance zoning the "property" as specified herein. DEV ELUYMI?N'r A~sRF.F.MF:N'1' (AL-00-010) - FEE-15-2001 10 43 BRIGGS ENGINEERING. INC. 12083452950 P. 10 12. REMEDIES: This Agreement shall be enforceable in any court of competent jurisdiction by either "City" or "Developer"I"Chvner'", or by any successor or successors in title or by the assigns of the parties hereto. Enforcement may be sought by an appropriate action at law or in equity to secure the specific performance of the covenants, agreemenxs, conditions, and obligations contained herein. 12.1 In the event of a material breach of this Agreement, the parties agree that "City" and "Developer"/"Owner" shall have thirty (3U) days after delivery of notice of said breach to correct the same prior to the non-breaching part~~ s seeking of any remedy prodded for herein; provided, however, that in the case of any such default which cannot with diligence be cured within such thirty (3U) day period, if the defaulting party shall commence to cure the same within such thirty (30) day period and thereafter shall prosecute the curing of same with diligence and continuity, then the time allowed to cure such failure may be extended for such period as maybe necessary to complete the curing of the same with diligence and continuity. 12.2 In the event the performance of any covenant to be performed hereunder by either "Developer"/"Owner" or "City" is delayed for causes which are beyond the reasonable control of the party responsible for such performance, which shall include, without limitation, acts of civil disobedience, strikes or similar causes, the time for such performance shall be extended by the amount of time of such delay. 1.3. SURETY OF PERlE:O12MANCE: The "City" may also require surety bonds, irrevocable letters of credit, cash deposits, certified check or negotiable bonds, as allowed under Meridian City Code §1L-5-3, to insure that installation of the improvements, which the "Developer" agrees to provide, if required by the "City". 14. CERTIFICATE OF OCCUPANCY: The "Developer"/"Owner" agrees that no Certificates of Occupancy veil] be issued until all improvements DEVELQPMENT AGREEMENT (AZ-00-010) - 7 FEB-15-2001 10=43 BRIGGS ENGINEERING, INC. 12083452950 P. 11 are completed, unless the "City' and "Developer"/"Owner" have entered into an addendum agreement staeing when the improvements will be completed in a phased developed; and in any event, no Certificates of Occupancy shall be issued in any phase in which the improvements have not been installed, completed, and accepted by the "City". 15. ABIDE BY AI,Ir CITY' ORDINANCES: That "Developer"/"Owner" agrees to abide by all ordinances of the City of Meridian and the "property" shall be subject to de-annexation if the olvner or his assigns, heirs, 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. 16. NOTIC1rS: Any notice desired by the parties and/or required by this Agreement shall be deemed delivered if and when personally delivered or three (3) days after deposit in the United States Mail, registered or certifted mail, postage prepaid, return receipt. requested, addressed as follows: C11'Y: do Ciry Engineer City of Meridian 33 E. Idaho Ave. Meridian, ID 8364E OWNER/DEVELOI'ER: Victory 41, LLC 6874 Fairview Avenue Boise, Tdaho 83704 with copy to: City Clerk City of Meridian 33 E. Idaho Ave. Meridian, 117 83642 16.1 A party shall have the right to change its address by delivering to the other party a written notification thereof in accordance with the requirements of this section. 17, ATTORNEY FEES: Should any litigation be commenced between the parties hereto concerning this Agreement, the prevailing party DEVF.[,OPMBN'I' AGR1itiMEAT (AZ-00.010) - 8 FEB-15-2001 10:44 BRIGGS ENGINEERiNG~ INC. 12083452950 P. 12 shall be entitled, in addition to any ocher relief as may be granted, to court costs and reasonable attorney's fees as determined by a Court of competent jurisdiction. This provision shall be deemed to be a separate contract between the parties and shall survive any default, termination or forfeiture of this Agreement. 18. TIME IS OF 'T'HE ESSENCE: The parties hereto acknowledge and agree that time is strictly of the essence ~cRth respect to each and every teen, condition and provision hereof, and that the failure to timely perform any of the obligations hereunder shall constitute a breach of and a default under this Agreement by the ocher party so failing to perform. 19. BINDING UPON SUCCESSORS: This Agreement shall be binding upon and inure to the benefit of the parties' respective heirs, successors, assigns and personal representatives, including "City"'s corporate authorities and their successors in office. This Agreement shall be binding on the owner of the "Property", each subsequent owner and any other person acquiring an interest in the "Property". Nothing herein shall in any way prevent sale or alienation of the "Property", or portions thereof, except that. any sale or alienation shall be subject to the provisions hereof and any successor owner or owners shall be bokh benefitted and bound by the conditions and restrictions herein expressed. "city" agrees, upon written request of "Developer", to execute appropriate and recordable evidence of termination of this Agreement if "City", in its sole and reasonable discretion, had determined that "Developer" has Fully performed its obligations under this Agreement. 20. INVALID PROVISION: Tf any provision of this Agreement is held not valid by a court of competent. jurisdiction, such provision shall be deemed to be excised from this Agreement and the invalidity thereof shall not. affect any of the other provisions contained herei~z. 21. >cTNAL AG1tBBMP,N"1": Phis Agreement sets fon.h all promises, inducements, ab~reements, condition and understandings between "Owner/Developer" and "City" relative to the subject matter hereof, and there. are no promises, agreements, conditions or understanding, either oral or written, express or implied, between "ONmer/Developer" and "City°, other than as are stated herein. lrxcept as herein othezwise provided, no subsequent. r)EVELOPMF.NT AGRF.BMFNT (AZ-00-O10) - 9 FEH-15-2001 10 44 BRIGGS ENG[NEERING~ INC. 12083452950 P. 13 alteration, arrtendment, change or addition to this Agreement shall be binding upon the parties hereto unless reduced to writing and signed by them or their successors in interest or their assigns, and pursuant, with respect to "City", to a duly adopted ordinance or resolution of "City". 21.1 No condition governing the uses and/or conditions governing development of the subject "Property" herein provided for can be modified or amended without the approval of the City Council after the ""City" has conducted public hearing(s) in accordance with the notice provisions provided for a zoning designation and/or amendment in force at the time of the proposed amendment. 22. EFFECTIVE DATE OF AGREEMENT: This Agreement shall be effective on the date the Meridian City Council shall adopt the amendment to the Meridian Zoning Ordinance in connection with the annexation and zoning of the "Property" and execution of the Mayor and City Clerk- pEVEI,OPMENTAGREEMENT(A7.-00-010) -10 FEB-15-2001 10 45 BRIGGS ENGINEERING, INC. ACKNOWLEDGMENTS 12083452950 P. 14 IN WITNESS WHEREOF, the parties have herein executed this agreement and Made it effective as hereinabove provided. VICTORY 41, LLC E Managing Member Attest: Managing Member BY RESOLUTION N0. CITY pF MERIDIAN ]iY: ay r Robert .Come Attest S ~~'~i~ City Clerk BY RESOLUTION NO. Ipprv~ by G'rh ~'o~-cam 3-2v o v • r-.r~ t~~ ~ 9y~~ a• ~~~~ ~ ,Dp 7'~j,~ f 96"~ ~ ~` ~`is, .i4t DEVELOPMENT AGREEMENT (A7,._00-010) - I I FEB-15-2001 10 45 STATE Off' IDAHO COUNTY OF ADA BRIGGS ENGINEERING INC. :ss 12083452950 ZFb ~ n this day of _/~il (~ in the year X660, before me, ~ ~ LV - - a Notary Public, personally appeared MfGGtuPi( ~ . VPM, and known or identified to me to be the Managing Members of Victory 4I, LLC, who executed the instrument on behalf of said Limited Liability Corporation and acknowledged to me having executed the same- C (J~ v {SEAL) Notary ub c for I aho Commission expires: Gl'ZP~~0,6 STATE OF IDAHO :ss County of Ada ) ry/ ,2~/ On this oz/~ day of ~'/Rrc~i , in the year~S66; before me, a Notary Public, personally appeared Robert D. Currie and William G. Berg, 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. ~~~unWh ~~..~`'`11C8 L, s~ ..~' 1P ~~ ~~rj, (SEAL) * ~~TARr'••~ _ ~'~ ~* G %~n ~.AUBL1 '• y `'• • ~O .s '•. 7 '••....• °•. 8 of ID Q` ,~~~ J ` No ry PubIic for Idaho C mission expires: ~o a P. 15 DEVELOPMENT AGKELMEN"T (AZ-00-010) - 12 FEB-15-2001 10 45 BRIGGS ENGiNEERING~ iNC. EXHIBIT A Le al Descri lion Of Pro ert 12083452950 P. 16 A parcel of land being the SE 1/4 of the SW 1/4 of Section 19, Township 3 North, Range 1 East, Boise Meridian, Ada County, Idaho, more particularly described as follows: Commencing at the southeast corner of the SW 1/4 (south 1/4 Comer) of Section 19, T. 3N., R. lE., B,M., the REAL POINT OF BEGINNING of this description; Thence S 89°42'45" W 1,320.43 feet to the southwest corner of the SE 1/4 of the SW I/4; Thence N 0°29'39" E 1,329.84 feet to the northwest corner of the SE 1/4 of the SW 1/4; Thence N 89°44'30" E 1,322.27 feet to the northeast corner of the SE 1/4 of the SW I/4; Thence S 0°34'26" W 1,329.19 feet to the REAT, I'OIN'I" OF BEGINNING of this description; Said parcel of land contains 40.33 acres more or less. DEVELOPMENT AGREEMENT (A7.-00-010) - 13 ~CO-1p-CGV'1 1G~40 GKIUUb CIYU IIYCCK IIYUr IIYI,. 1LGtl34JL7JID r. rr E7~HIBIT B Findings of Fact and Conclusions of Law/Conditions of Approval 7,•\WorkWAMeridi&rt 1536VM1Vicrorv 41 AZ ~P VARU~evelowl~r UEVELOPMENTAGREEMGNT(AL-Oq-010) -14 T07RL P. 17