Development Agreement - 2025 - Molinari Park DA MOD - 4/14/2025Ada County Recorder Trent Tripple 2025-024872
Boise, Idaho Pgs= 5 dryalls 04/23/2025 04:04:41 PM
CITY OF EAGLE $0.00
Electronically Recorded
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 Molinari Park 11, LLC ("Owner").
RECITALS
WHEREAS, Molinari Park Development, LLC, is the owner of record of certain real estate
consisting of approximately 24.6-acre site is located on the south side of East Plaza Drive approximately
300-feet east of the intersection of South 2nd Street and East Plaza Drive, Eagle, Idaho, ("Property"), as
specifically defined in Development Agreement recorded under Instrument No. 2020-085643; and
WHEREAS, the proposed development agreement modification includes properties within an area
currently zoned CBD-DA-P (Central Business District with a development agreement — PUD); and
WHEREAS, the Owner has provided the City with an affidavit agreeing to submit the Property to the
Development Agreement Modification (Exhibit A) pursuant to Eagle City Code Section 8-10-1(C)(1) and be
bound by same; and
WHEREAS, all provisions with the Development Agreement recorded under Instrument No. 2020-
085643 are in, and shall remain in full force and effect, except that the Concept Plan (Exhibit "C"), is modified
as attached herein; and
WHEREAS, all provisions with the Development Agreement recorded under Instrument No. 2020-
085643, associated with RZ-07-18 are in, and shall remain in full force and effect on the Property and the
revised Concept Plan (Exhibit "C") for the Property shall be added with this Development Agreement
Modification; and
WHEREAS, after providing legal notice, transmitting notice to other jurisdictions, agencies, and
entities, and holding a public hearing before the Eagle City Council on February 25, 2025, the City Council
approved the modification to the development agreement to modify the Concept Plan (Exhibit "C") as
attached herein.
AGREEMENT
In consideration of the mutual covenants contained herein, the parties agreed as follows:
ARTICLE I
LEGAL AUTHORITY
This Development Agreement is made pursuant to and in accordance with the provisions of Idaho Code
Section 67-651 IA and Eagle City Code, Title 8, Chapter 10.
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ARTICLE II
AFFIDAVIT OF PROPERTY OWNERS
An affidavit of the owner(s) of the Property is attached hereto and incorporated by reference herein agrees
to subject the Property to this Development Agreement (Exhibit A) and be bound thereby, and comply with
and be bound by the provisions set forth in Idaho Code Section 67-6511A and Eagle City Code Section 8-
10-1 shall be provided and is incorporated herein by reference.
ARTICLE III
GENERAL MATTERS
Enforceable Provisions. The original Development agreement, instrument number 2020-085643, remains
in full force and effect except that the revised Concept Plan (Exhibit "C"), is modified as attached 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 WI REOF, the parties have executed this Development Agreement Modification.
DATED this IV day of , 2025.
AT EST:
r y E.
fCity Clerk
STATE OF IDAHO )
: ss.
County of Ada )
CITY OF EAGLE, a municipal corporation organized and
existing under the laws of the ,St of Idaho
By:
;Je, Mayor
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On this 19 day oft' , in the year 2025, before me, the undersigned, a Notary Public
in and for said State, personally appeared BRAD PIKE, known to me to be the MAYOR of said municipal
corporation that executed this instrument and the persons who executed the said instrument on behalf of
said corporation, and acknowledged to me that such corporation executed the same.
In witness whereof, I have herey%tte$vid �€frxed iy official seal the day and year first
written. ••,y%u,•••......•••
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tONOTARY :"tC.
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Residing at:
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STATE OF IDAHO
. ss.
County of Ada
MOLINARI PARK 11, LLC, an Idaho limited liability
company
By: TPC PPR Holdings II, LLC, an Idaho limited
liability company, Its Manager
By:
Name: Calfb Roope
Its: Manager
On this U' 'day of hp rl , 2025, before the undersigned notary public in and for
the said state, personally appeared CALEB ROOPE, known or identified to me to be a Member of Molinari
Park 11, LLC, owners of the property referenced herein and the person who executed the foregoing
instrument.
written.
IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year first above
Notary P bl or Idaho
Residing at: 1)01 (dit.t/ld)
My Commission Expires: 11 sal 2-1
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EXHIBIT A
Affidavit of CALEB ROOPE on behalf of Molinari Park 11, LLC
AFFIDAVIT OF LEGAL INTEREST
STATE OF IDAHO
) ss.
County of Ada
CALEB ROOPE, who being first duly sworn under oath, deposes and says:
1. I am CALEB ROOPE, who is a Manager of TPC PPR Holdings 11, LLC which is Manager
of Molinari Park 11, LLC, whose mailing address is 430 E. State Street, Suite 100, Eagle, Idaho 83616
("Owner").
2. Owner is the fee simple owner of the parcel of real property as specifically defined in the
Development Agreement recorded under Ada County Instrument No. 2020-08564 (the "Property").
3. Caleb Roope authorizes the submission of the Property to certain Development Agreement
Modification pursuant to the provisions set forth in Idaho Code Section 67-6511 A and Eagle City Code
Section 8-10-1 dated the _ day of , 2025 by and between the City of Eagle, a
municipal corporation in the State of Idaho, and Owner (the "Agreement").
DATED this day of , 2025.
MOLINARI PARK 11, LLC, an Idaho limited liability
company
By: TPC PPR Holdings II, LLC, an Idaho limited
liability company, Its Manager
By:
Name: Caleb Roope
Its: Manager
SUBSCRIBED AND SWORN to before me this 6111 day of *PYl 1 , 2025.
KATIE C
COMMISSION 065899 ►
NOTARY PUBLIC
STATE OI= IDAHO
♦ MY COMMISSION EXPIRES 07/08I2027
Notary Pub,jlc for Idaho
Residing at Y?O1�.f , , Idaho
My Commission expires 1(612
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Exhibit "C"
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