Development Agreement - 2023 - Molinari Park DA MOD - 3/23/2023 AoA COUNTY RECORDER Trent Tnpple 2023_017255
emoE|oAHo Pos~o VICTORIA BAILEY 03/27/202310:51AM
CITY OF EAoLE. |oAHo NO FEE
Recording Requested Byand
When Recorded Returntn�
P1anniDg aid Zon|nQAdnnini Strator
City ofEagle
P.D. Box 152O
Eogi e. |deho8361O
For Recording Purposes[)o
Not VVriieAbove This Line
OE\/ELOPKM ENT AGREE&8 ENT KOQDfF!CAT|C3hJ
This Oeveiopnnent Agre�nemt KXodifio��on, nlmda and entered |rko on the date oa indicated
herein. by and between the Cityof Eagie. annunicipal oo/ponatjonin the Statteof |daho(''Eegie'). by and
through its Mayor, and Molinari Pak Development, LLC ("Owner").
RECITALS
WHEREAS, Molinari Park Development. LLC, is the owner of racunj of (edain red estate
consisting o[ approximately 24.O-acna site ie located on the south sidaof East Plaza Drive approxinnateiy
31OO-feet east of the intersection of South 2»» Street and East Plaza Drive, Eagle, Idaho, (^PYopedy''), as
specificAly
YVHERE-AS, the proposed dovsAoPnlont agreement modification includes properties within an
areocurrent|yznnedCBD-DA-P(C*mt,aI Business District with odevelopmentagnaerxent-PUD); and
VVHEREA3. ail| provisionswiththeDevelopnnemiAgreem,�sr! re:ondod under Instrument No. 200210-
085643 are in. end shall remain in full force and eftect, except that the Concer Plan (Exhibit "C"), is
modified asattarh*dhonan,
VVHEREA8, the{Yvvner has provided Qq/ with an affidavit ognadng to subnoi1 the Property tothe
Deveiopnxent/\greonlmn Modification(Exhibit A) pursuant to Eagle City Code8ection5'10-1(C)(1\and be
bound bvaan1� aid
WHEREAS, 211 provisions with the Development Agreement recorded under Instrument No.
2020-085643, ssa)cigiaU with RZ'07-18 are in, and shall remain in full force,and effect on the Property
and the revised Concept Piam (Exhibit "C") for the Property shall be added with this Development
Agreement Modification.
AGREEMENT
/n Consideration ofthennutual covenants contained herein, 'the parties agreed asfo||mws:
ARTICLE {
LEGAL AUTHORITY
This Development Agreement io made pursuant toand in accordance with the provisions[f Idaho Code
SactionS7-05i1A and EagloCity Code, TiUeG. Charter 1O.
Page 1of3
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ARI'ICLE 11
AFFIDAVIT OF PPOPERTY OWNERS
An affidavit of theowner(s) of the Property isAtza;hed heret.o aid incorporgai by reres-enceherein agrees
to subEect the Property to this Dt-weioprnerit AgreDilent (Exhibit A) and be bound thereby, aid comply
with and be bound by the provisions sL4 forth in Idaho Code Section 67-651 to and E.ajle City Code
SEr,lion 8-10-1 -4iJl beprovided,and isincorixrated herein by reference
ARTICLE III
GENER/%L MATTERS
Enforceable Provisions. The r0riginJ Development a greement, instrument numbes 2102M. 85643, runeiins
K�d Ire f ul 1 *1 orce aid effect thd.the revised Concept Ran(Exhibit"C"), i s rr if i ed as Atachai herein.
Effective Date This Development Agrt:--7lent M odif i--I;i on sh2i I be effective after delivery to axh of the
pati ess,hereto of a f ul I y e-x—,,,Ljted original of this Development Agre(-,Tient M odif i CA;on.
Ili VVI TINE SS WHEREOF, the parti w-- have executed thi s Devel opment Agreement M odi f i a4i on.
DATED this day of 2C)23.
CITY OF EAGLE, a rnunicip,1- corporation organized
and adsti.ng under the I aws of the State of Idaho
...............
By: --------------
N P.,ayor
ATTEST:
Tnacy Orr City Clerk E. 11,ib
T
'A I-E H11 OF ICAO County of Ada
On this lb day of in the yc--,.r 120,23, before me, the u,ridersigned, a Notary
Public in and for said SlAe, personally appeaed JASON PIERCE, known to me to be the MAYOR of
sid municipal corporation that execLA—A this instrument and the persons who executed the <sJd
incArUrTlent on behJf of said corporation, and acknowledged to rile thA such corporation executed the
same.
In witn�whereof, I have hereunto--at my hand and affixed my offial sa4 the day and year first
writta'.
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Rp-siding at:
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IJB L.k C, My Commission Expire--.,.,.
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Page 2 of 3
K 17an-vo A Fax,'-A R I M100-'Mcknw Park DA MOD cntnl verdrx
MOLI SARI PARK DEVE1_.CT-T,J`ENT, LI_.C, a? ldaho
lirnitedfliability c. rnpxy
STATE OF €5A ?
County of Ak -11,14"11,01 �
On this ?"'d~y of 11Ua ,\ .a 2023, bdor'e the unrdier§fined noway publ is i t aid for
the sad stae, pu- so dly 4)pe@4-z,.d BROOK COLE, known or identitiRa to n?e to be a May—er of
M e1 i n',xi Park IDE'+J opment, L L C, ovv nee s of the propc'ty re ereri d herein aid the r"so r who executed
than:foregoing irr irument.
IN' l"I"NECS WHEREOF, I have hereunto set my hand aid ged thedr� aid year tir--q Zbove.
written.
$pew �aa> KELSEY TUCKER
Notary NbIiofwr hdahq723442
Residing at:My CornmissionExpires7
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K Wattar�, NI CID, fv d'.-;3;?x.�p;. Fi!e,URZ 1i?-18?:Ci)- F'sk i`,.4 MOD X.f!9 vt d'x
EXHIBIT "A"
Affidavit ct BROOK COLE on behalf of Mcilinari Park Development., LLC
AFFIDAVIT OF LEGAL INTEREST
STATE OF IDAHO
.) ss,
County of Ada
BROOK COLE, who beinci first duly sworn under oath,deposes aid saes:
ve
1. 1 any BROOK COL E, who i s 4-9eftSii of M of 1 nari Rark Desel oprner1t, L L C, whose-
mailinc,address is 730 N 1500 W, Orem, UT 84057-2826("Owner").
2. Owner is the fee simple owner of the parcel of rfA- property as spec--ificAly defined in the
Development Agri nent recorded under Ada County Instrument No. 202 08564-G-1 .1, (the"Property`)
3. Brook Cole authorizes the subrni ssi on of the Property to w-lai n Daid opment A greenic-fl-I
M odif i cati on pur,%ant to thexrovi si ons set forth '!n I daho Code Secti on 67-651 1A and Eagi e Q ty Coccle,
motion 8--1 G-1 date-J the U." day of v, 20'23 by and between the City of Eagle, a
-------------'municipal corporation in the State of Idaho, and Owner(the"Agreement")
DATED this y of 2023,
By: Molinari P,.Yk Developrnent, L.L(`
4
By. ............
------------SUBSCRI BED AI S30JORN to before rnethis of"da- 1,J, I y . 2023.
I/
KELSEY TUCKER
Notary FlubRc,for iftehp .0-
Ra-siding at
commissiow#723442
COMEXR07-2026 M y Commission ex ------pires n i
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K'Pa)nnq A Vlr-�D- PT',rA. Fi�vsR7-07-I r�Moy)-k4itra; 'A MOD affiulawtdly-
Exhibit "C"
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