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Development Agreement - 2020 - Lakemoor Subd CPA-4-02&A-03-02&RZ-5-02MOD6 - 4/3/2020ADA COUNTY RECORDER PhilMicGrane. 2020-03958t BOISE IDAHO Pgs-�3 DAN RYALL5304,0 12020 11•19A€0.. EAGLE CITY I I I NO FEE Recording Requested Ear arid ........ - ...... NVhen Recorded Return to: � > - Plann City oang f Eat d , �otxiri Administrator le P.O. Box 152€ Eagle, Idaho 83616 ADA COUNTY RECORDER Phil McGrane 2020-065645 BOISE IDAHO Pgs=3 BONNIE OBERBILLIG 06/02/2020 11:07 AM CITY OF EAGLE, IDAHO NO FEE For Recording Purposes Ido Not IvVrite Above This Line DEVELOPMENT AGREE -ME T MODI KATION This Development Agreement Modification, made and. entered into on the date as indicated herein, by and between the City of Eagle, a municipal corporation in the State of Idaho ("Eagle"), by and through its Mayor, and C&O Development—Inc., (``owner"). NVHEREAS, ;the Owner is the owner of record of certain real estate whish was subject to an application for modification of developmentagreement, identified as Eagle Rezone Modification Application No, RZ-05-02 MOD4 (1_,akemoor Sr. bdi�,,isica)(De-%,elo e- t Agreement) and N THERE S, the proposed development agreement modification includes properties within an area currently zoned MU -DA (Mixed Use with a development eut agre:ement); and WHEREAS, all provisions with the Development Agreement recorded oder histrument No. 2017-0323%73 are in, and shall remain in f.ffl force and effect, except that, condition Of development 3.3 is amended as statedd herein, WHEREAS. the Owner has previously provided Eagle with an affidavit agreeing to submit the Property to a development agreement included as Exhibit'" C3" of the Development ./kgreement recorded under Instrument No. 2€117-0'32 -0'32A73; and W -HEREFORE, the Owner and the City of'Eagle desire to resolve the issues and c once s that have arisen and for and in consideration of the mutual covenants contained in the Development Agreement recorded under instrument TN'o. 2€117-0323 ,73, the modification is agreed to as follows: page l of 3 K Tlannin „pts£tgle:iA 2YGzv te.L'x'.4�.L3 12. I,'F3 th A t?3 �? f. xi 5.-�`? MON d3 cc :nF.rcr dac. ARTICLE I MODIFIED CONDITIONS OF DEVELOPMENT 3.3 Area E of the Property, as depicted on Exhibit A2, may be developed by Owner with a combination of any commercial and residential uses allowed within Eagle City Code Section 8-2-3 "Official Schedule of District Regulations" under the MLJ zoning , designation (except as limited in Section 3.9, below), a copy of which is attached as Exhibit D. An assisted. living facility/senior housing development shall be a permitted use within Area E. Buildings up to a maximum of 50,000 square feet each are permitted for this area. This square foot limitation does not apply to Fitness/Indoor Recreation Facilities, Education Facilities, and Hotels. The maximum height of Hotels find Office Buildings shall be 50 feet; non -habitable architectural elements shall be a maximurri height of 60 feet. Multiple buildings are permitted to be located on the same lot, provided however, that, the maximum lot coverage requirements stated in Eagle City Code are not exceeded. The residential lots depicted on Exhibit A2 are to be developed by Owner in a combination of either attached and/or detached townhornes at an approximate density of 10 units per acre. Setbacks and Minimum Lot Size for the Towi-diornes Front 10 feet Rear 10 feet Side 0 feet. (common wall or adjacent to a common. lot) Side 3 feet (adjacent to a building lot or exterior boundary) NVI.mimum Lot Size 2,500 square feet Streets Gated Private Streets Maximum Lot Coverage 60% ARTICLE 11 GENERAL IMATTERS Enforceable Provisions. The original Development agreement, instrument number 2017- 0323373, remains in full force and effect except as modified in Article I herein. Effective Date. This Development Agreement Modification shall. be effective after delivery to each of the parties hereto of a fully executed original of this Development Agreement Modification. Page 2 of 3 K:'Tianning Dept6hallic Applicariors\(PA\2002',CPA-4-02 & A-03-62 & 7R2-3-02 MOM da cc fin! verAoc IN WFFNN ;SS WHEREOF, the parties have executed this Development Agreement Modification. DATED this day of �� �...'; 2020 STATE OF IDAHO State C&O Development, Idaho oo porat:on Ddu M. Bake'r2 resi&r't County of Ada � On this , � d3 „ ; :.. �.... ' ' 020, before the u dersi�? ed Notary Public its: and f-br the said state, personally appeared DENNIS M. BAKER, known or identified to ane to be the President of C&O : EV'LOPI TE.W'. INC., an Idaho corporation, the owner of the property referenced herein and the persons who executed the foregoing instrurnem. IN WITNESS WHEREOF, 1 have herioto ,et: y hand -an day andel. year first above written. MY Conussion Expires Page 3 of \P-Mni�ie:Facptl;luie Ar�3 iaan:ss s 3'A`�i ,�`::B -k-0i 2 A-03-02 & PZ -5.0: MOM da:u frf vmdoc ADA COUNTY RECORDER Phil McGrane 2020-039584 BOISE IDAHO Pgs=3 DAN RYALLS 04/06/2020 11:19 AM EAGLE CITY NO FEE 111111111 111 II II I II I'II I II I II II 1111111111111111 00763449202000395840030030 Recording Requested By and When Recorded Return to: Planning and Zoning Administrator City of Eagle P.O. Box 1520 Eagle, Idaho 83616 For Recording Purposes Do Not Write Above This Line DEVELOPMENT AGREEMENT MODIFICATION This Development Agreement Modification, made and entered into on the date as indicated herein, by and between the City of Eagle, a municipal corporation in the State of Idaho ("Eagle"),by and through its Mayor, and C&O Development, Inc., ("Owner"). WHEREAS, the Owner is the owner of record of certain real estate which was subject to an application for modification of development agreement, identified as Eagle Rezone Modification Application No. RZ-05-02 MOD4 (Lakemoor Subdivision)(Development Agreement); and WHEREAS, the proposed development agreement modification includes properties within an area currently zoned MU-DA (Mixed Use with a development agreement); and WHEREAS, all provisions with the Development Agreement recorded under Instrument No. 2017-0323373 are in, and shall remain in full force and effect, except that, condition of development 3.3 is amended as stated herein. WHEREAS, the Owner has previously provided Eagle with an affidavit agreeing to submit the Property to a development agreement included as Exhibit"C3" of the Development Agreement recorded under Instrument No. 2017-0323373; and WHEREFORE, the Owner and the City of Eagle desire to resolve the issues and concerns that have arisen and for and in consideration of the mutual covenants contained in the Development Agreement recorded under Instrument No. 2017-0323373, the modification is agreed to as follows: Page 1 of 3 K:\Planning Dept\Eagle Applications\CPA\2002\CPA-4-02&A-03-02&RZ-5-02 MODE da cc fnl ver doc ARTICLE I MODIFIED CONDITIONS OF DEVELOPMENT 3.3 Area E of the Property, as depicted on Exhibit A2, may be developed by Owner with a combination of any commercial and residential uses allowed within Eagle City Code Section 8-2-3 "Official Schedule of District Regulations"under the MU zoning designation (except as limited in Section 3.9, below), a copy of which is attached as Exhibit D. An assisted living facility/senior housing development shall be a permitted use within Area E. Buildings up to a maximum of 50,000 square feet each are permitted for this area. This square foot limitation does not apply to Fitness/Indoor Recreation Facilities, Education Facilities, and Hotels. The maximum height of Hotels and Office Buildings shall be 50 feet; non-habitable architectural elements shall be a maximum height of 60 feet. Multiple buildings are permitted to be located on the same lot, provided however, that the maximum lot coverage requirements stated in Eagle City Code are not exceeded. The residential lots depicted on Exhibit A2 are to be developed by Owner in a combination of either attached and/or detached townhomes at an approximate density of 10 units per acre. ❑ Setbacks and Minimum Lot Size for the Townhomes Front 10 feet Rear 10 feet Side 0 feet(common wall or adjacent to a common lot) Side 3 feet(adjacent to a building lot or exterior boundary) Minimum Lot Size 2,500 square feet Streets Gated Private Streets Maximum Lot Coverage 60% ARTICLE II GENERAL MATTERS Enforceable Provisions. The original Development agreement, instrument number 2017- 0323373, remains in full force and effect except as modified in Article I herein. Effective Date. This Development Agreement Modification shall be effective after delivery to each of the parties hereto of a fully executed original of this Development Agreement Modification. Page 2 of 3 K:\Planning Dept\Eagle Applications\CPA\2002\CPA-4-02&A-03-02&RZ-5-02 MOD6 da cc fnl ver.doc IN WITNESS WHEREOF,the parties have executed this Development Agreement Modification. DATED this 3 day ofr;L , 2020 ti,+� O EAG/ '•# CITY OF EAGLE, a municipal corporation i�,c'�..'ORA?...■ organized and existing under the laws of the State • o • it • of Idaho U r• r + ■ C 5 By: , -___.c> --- ,� '•.' ?N%` v `�•`` aso fierce, Mayor ATTEST: ''.,,.'T,q T E OY�,,,.,•. f 1--tit.L.--iur 1,------ K, _4 Sharon K. Bergmann, City Clerl OWNER: C&O Development, d Idaho corporation C------ By:1 - 0_4--- Dennis M. Baker, President STATE OF IDAHO ) : ss. County of Ada ) On this a3.3156day of IYi LI , 2020, before the undersigned Notary Public in and for the said state, personally appeared DENNIS M. BAKER, known or identified to me to be the President of C&O DEVELOPMENT, INC., an Idaho corporation, the owner of the property referenced herein and the persons who executed the foregoing instrument. IN WITNESS WHEREOF, I have hereunto set my hand and 10e day and year first above written. .0111111N11III9----4,'' /// (PU ,. � Nci ary Public , for ldah.9 $ : Sr. Residing at: 6 11,....v JAJ7/ my 03tAgSSOI ; = My Commission Expires: L?-.21-/-_-7, mins 1224.2025 I 's ; if ;;j11oIrII1 �11!/!// Page 3 of 3 K:\Planning Dept\Eagle Applications\CPA\2002\CPA-4-02&A-03-02&RZ-5-02 MOD6 da cc fnl ver.doc