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Development Agreement - 2017 - Featherglen Subdivision - 2/9/2017ADA COUNTY RECORDER Christopher D. Rich 2017.012646 BOISE IDAHO Pgs=3 VICTORIA BAILEY 02/10/2017 10:38 AM EAGLE CITY NO FEE 1111111111111111111111111111111111111111111111111 Recording Requested By and 00328882201700126460030038 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 Jayo Development, Inc., ("Owner"). WHEREAS, the Owner is the owner of record of certain real estate located at 135 West Floating Feather Road, Eagle, Idaho, ("Property"), as specifically defined in Development Agreement recorded under Instrument No. 2015-074170, which was subject of an application for Rezone previously incorrectly identified as Rezone Application No. RZ-07-14 and now is correctly identified as Rezone Application No. RZ-08-14; 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. 2015- 074170, are in, and shall remain in full force and effect, except that, the Rezone Application No. RZ-08-14 and Conditions of Development #3.5, 3.7 and 3.8 are amended as stated herein; 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. 2015-074170, the modification is agreed to as follows with strike through text to be deleted and underline text to be added: ARTICLE I MODIFIED CONDITIONS OF DEVELOPMENT 3.5 The required setbacks shall be as follows: Front 25 -feet Rear 4 -525 -feet Side 5 -feet (Lot 1, 10 -feet located adjacent to the west boundary) , Maximum lot coverage 60% Page 1 of 3 KAPlanning Dept\Eagle ApplicationARZ&A\2014\RZ-08-14 MOD Jayo da cc fnl ver.doc ARTICLE II GENERAL MATTERS Enforceable Provisions. The original Development agreement, instrument number 2015-074170, 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. IN WITNESS WHEREOF, the parties have executed this Development Agreement Modification. DATED this �' day of _ �(' W7. �.•�A.�''0N41*0'�F CITY OF EAGLE, a municipal corporation organized (1' �Q O R A T�a •� and ex' ing under t laws of the State of Idaho By: Is �. $� O • Stan Ridgeway, Mayor •• ��i rnel�tM: ��• ATTEST: ''''''�•�a`', �A 1�- O)DA4,o,�� Sharon K. Bergmann, City Clerk OWNER: By: Jayo Development, Inc. By: ___ Z -- 1 f i Douglas Jayo, • �Pr id nt J Page 2 of 3 K \Plannmg DepAEagle Apphcauons\RZ&A\2014\RZ-08-14 MOD Jayo da cc 6J ver doc STATE OF IDAHO ) ss. County of Ada) On this j() . day of ` , 2017, before the undersigned notary public in and for the said state, personally appeare DOUGLAS JAYO, known or identified to me to be the President of Jayo Development, Inc., owners of the property referenced herein and the persons who executed the foregoing instrument. IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year first above written. 101+u. p0;'�OT'49�'•tQ Notary ublic for Idaho Residing at:��.,v, My Commission Expirs4 Of Page 3 of 3 KAPlanning DeptTagle Apphcations\RZ&A\2014\RZ-08.14 MOD ]ayo da cc fill ver doc