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Development Agreement - 1993 - Eagle Wing Development - 4/23/1993 3ljJ- 9 '-j9;;{. DEVELOPMENT AGREEMENT For Eaqle Winq Development This Development Agreement is entered into this ~ day of April, 1993 by and between the City of Eagle, hereinafter referred to as the "City" and Bill Korby doing business as Korby Construc- tion Company hereinafter referred to as the "Developer", both of Ada County, state of Idaho. WHEREAS, the City has tentatively approved a development known as Eagle Wing Development which provides for 60 two-bedroom condominium units, subject to certain conditions; and, WHEREAS, the Developer has made certain assurances as to how the Eagle Wing Development shall be constructed and maintained; NOW, THEREFORE, in consideration of the promises, covenants, and agreements herein contained, it is mutually agreed between the parties as follows: 1. That the Developer agrees to submit the Eagle Wing Development to the terms of this Development Agreement. The term "Developer" includes Bill Korby doing business as Korby Construc- tion Company, as well as each subsequent owner of the property DEVELOPMENT AGREEMENT--1 described on Exhibit "c" and every other person acquiring an interest in the property. 2. That the Eagle Wing Development shall be limited to 60 two-bedroom condominium units. 3. The allowed use for which application has been made is a residential development under R-15 zoning. 4. The concept plan for the Eagle Wing Development is attached hereto as Exhibit "A" and incorporated herein as if set forth in full. Exhibit" A" contains a description of the density sought and describes the location of the structures on the property. The maximum height of the structures shall be 30 feet tall. The square footage of each of the structures shall be no more than 4,500 square feet. 5. The Developer shall commence construction of the Eagle Wing Development no later than August 1, 1993. 6. The Developer agrees that failure to comply with the commitments in this Development Agreement shall be deemed a consent to rezone the use to the pre-existing zone. 7. That the Eagle Wing Development shall be developed consistently with the fourteen (14) conditions of approval from the City of Eagle, which conditions are attached hereto as Exhibit "B" and incorporated herein as if set forth in full. 8. The real property upon which the Eagle Development will be situated is described in Exhibit "C" which is attached hereto and incorporated herein as if set forth in full. DEVELOPMENT AGREEMENT--2 9. The validity, meaning and effect of this Contract shall be determined in accordance with the laws of the state of Idaho applicable to contracts made and performed in that state. 10. This Agreement shall be binding upon and inure to the benefit of the heirs, administrators, executors, personal represen- tatives, successors and assigns of the respective parties hereto. IN WITNESS WHEREOF, The parties hereto have hereunto set their hands the day " ) I '] and year first above written. CITY OF EAGLE a rnun~,i al c~rar=on By ~ Mayor KORBY CONSTRUCTION C~ By t#~~ BILL KORBY 'V -~ ~~L-C~, -/ STATE OF IDAHO ss .' County of Ada On this ~3 day of April, 1993, before me, the under- signed, a Not~ry Pub~ic in and for sa'd State, ersonallyappeared ~JJ.L) ~ and as Mayor and city Clerk of the CITY OF EAGLE, known to to b he persons whose names are subscribed to the within inst ument, and acknowledged to me that they executed the same on behalf of the CITY OF EAGLE. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. ~ :A~?~~ Not ry Publ icafor Idaho 17 /J Residing at ..A'Oa~ -.u.:::e~ Commission Expir /r DEVELOPMENT AGREEMENT--3 STATE OF rlllalt~. ~ ss. County of On this ~~ day of April, 1993, before me, the under- signed, a Notary ublic in and for said State, personally appeared BILL KORBY as for KORBY CONSTRUCTION COMPANY, known to me to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same on behalf of KORBY CONSTRUCTION COMPANY, IN WITNESS WHEREOF, I have hereunto official seal the day and year in this written. t my hand and affixed my ertificate first above DEVELOPMENT AGREEMENT--4 CONDITIONS OF APpnOVAL 1. A Development Agreement be executed and in effect. 2. If the intent is to sell individual lots, all setback regula- tions will be set for each individual building and the developer will apply for a Condominium Subdivision - PUD/CUP. 3. All permits from Central District Health, Eagle Sewer District (. Eagle Fire District, and Ado County Highway District (curb, gutter and sidewalk) shall be secured prior to issuance of permits. (Eagle Fire Dist. required to approve building plans on commercial buildings). 4.** All trash areas are to be enclosed. 5. Shall meet all Design Review provisions regarding signs. Landscaping plan must meet the provisions of the Tree Ordi- nance and Committee, 6. Parking area: s11all be paved and shall be maintained in good condition without holes and rr~e of all dust, trash, weeds and other debris. (8-4-3) 7. Lighting is required in the pnrking area and shall be properly illuminated to avoid nccidents. Any lights used to illuminate the pnrking lot shall be so nrrnnged as to reflect the light away from the adjoining property. B.*'" Access: any parking area shnll be designed in such a manner that any vehicle leaving or entering the parking area from or onto a public or private street shall be traveling in a forward motion. 9. Stripping: All parking areas with a capacity over twelve (12) vehicles shall be stripped with double lines (six inches both sides of center) between stalls to facilitate the movement into and out of the parking stalls. 10. Off street Parking Design arId Dimension Tables (see attached) 11. One and one-half (1\) parking spaces for each unit. 12. All entrances, exi,#ts and restrooms shall be meet handicap code requirements~---(tjBC) 13. Will have at least a six foot high sight obscuring fence along the property lines that adjoin a residence (8-3-5, 1-2), or a strip of land not less than 20 feet in width planted with dense planting acceptable by the Tree/Parks Committee E~ X 1-1 HJ ~ 1 ~':> '..-_ t::> _....... 14. All building plans must be approved by the Eagle Building Inspector, Fire Dist. 'and Eagle Sewer District prior to beginning of project. ** Numbers 4 and 8 are subject to change by vote of the city council upon approving this contract. I ..1 ;\ -'..h , .. Par~ of the South~a$t Ouarter of the Southeast Ouarte~ of Section 8, and the No~thwe8t Ouarte~ of the Northeast Quarter of Section 17, Township 4 North, ~ange 1 ~ast, Boise Meridien, Ada County, Idaho, more pa~tlou18rly aescribed as follows: Commencing at 8 point in the center of the Valley Road on the North and South half Section line 21.02 chain. wouth of the canter qua~t.r oo~ne~ at Section 8, Township 4 North, Range 1 East, SoiRe Meridian, ~da County, Idaho; running thence South a distance of 25.50 chains: thence running North 60-30' East a distance of 3.40 chainst thl!!.nC9 running South 57-12' East a di$tonce of 6.00 chains, thence running . South 65-00' East a distance of 8.54 chains; thence running North a distance of 29.50 ohains~ themce running NoX"th 8 5 · 40 ' West a (11 stanoe . of 15.79 chaina to tho PLACE Of' BEGINNING. LESS AND EXCEPTING THEREFROM THE FOLI.OW1NG: A .trip of land 60 feet wide, being on the Southwesterly side of . thfl tollow.1ng d.e!lcr.1bec1 center 11.ne o'f h1.ghway .. .urv.yed and shown on the off.1cial plat of the Boise valley 5-3748 (1) HighwBY Survey on file in the office of the Department of Highweyll of the State of Idaho, and lying over and across 8 portion of the Southwe8t Quarter of the Southeast Quarter of Section B, Township 4 North, Range 1 East, aoise Meridian: being more particularly d8acribed as followSt Beginning at Station 891-17.5 of the $Bid IU.ghway.Survey, which station is B point on tangent eppro~i.m8tely 1265.7 feet North from the South Quarter corner of Section 8, Town9hip 4 North, Range 1 East, Boise Meridian: thence running South 86-36' East 1037.5 feet to Station 901-55 of said Survey which station is a point on tang~nt appro~im8tely 1035.0 feet East and 1180 feet North from the South Quarter corner of Section a, Township 4 North, Range 1 East, Boise Meridian, Ada County, Idaho. EXCEPT ditch end road rights-of-way. ALSO LESS AND EXCEP'l'ING THEREFROM !\NY PORTION OF SAID PROPERTY LYING WITHIN STATE nIGHWAY 44 R1GHT OF WAY " . ...._.~.....- .-.--......---... ...............- -- ............ _.__._-~.. [i(~."UDrn G ---- - -_.~----