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HomeMy WebLinkAboutDevelopment Agreement cleveland industrial DEVELOPMENT AGREEMENT PARTIES: 1. City of Caldwell 2. Alturas 5617 Cleveland, LLC THIS DEVELOPMENT AGREEMENT dated this 1st day of March 2023, by and between Caldwell City, a municipal corporation of the State of Idaho (“CITY”), whose address is 621 Cleveland Blvd. Caldwell, Idaho 83605 and Alturas 5617 Cleveland, LLC, (“OWNER/DEVELOPER”), whose address is 500 E Shore Dr #120 Eagle, Idaho 83616. RECITALS NOW THEREFORE, in consideration of the covenants and conditions set forth herein, the parties agree as follows: OWNER/DEVELOPER shall be bound by the terms of this Development Agreement as follows: USES PERMITTED BY THIS AGREEMENT: 1. The uses allowed pursuant to this Agreement are only those uses allowed under “City’s” Land use schedule, table 10-02-02, allowed uses in all base zoning districts for a C-3 and M-1 zoning districts, and as highlighted on the attached document. 2. No change in the uses specified in this Agreement shall be allowed without modification of this Agreement. CONDITIONS GOVERNING DEVELOPMENT OF SUBJECT PROPERTY: 1. That Owner/Developer, or their assigns, heirs, or successor or successors, agrees to abide by all ordinances of the city of Caldwell. 2. This Agreement shall be binding upon and insure to the benefit of the parties’ respective heirs, successors, assigns and personal representatives, including City’s corporate authorities and their successors in office. This Agreement shall be binding on the Owner/Developer of the Property, each subsequent owner, and any other person(s) acquiring an interest in the Property. Nothing herein shall in any way prevent a sale or alienation of the Property, or portions thereof, except that any sale or alienation shall be subject to the provisions herein and any successor owner or owners shall be both benefited and bound by the conditions and restrictions herein expressed. 3. If any provision of this Agreement is held not valid by a court of competent jurisdiction, such provision shall be deemed to be excised from this Agreement and the invalidity thereof shall not affect any of the other provisions contained herein. 4. This Agreement sets forth all promises, inducements, agreements, condition, and understandings between Owner/Developer and City relative to the subject matter herein, and there are no promises, agreements, conditions, or under-standing, either oral or written, express or implied, between Owner/Developer and City, other than as are stated herein. Except as herein otherwise provided, no subsequent alteration, amendment, change or addition to this Agreement shall be binding upon the parties hereto unless reduced to writing and executed by the parties. 5. This Agreement shall be effective as of the date herein above written. IN WITNESS WHEREOF, the parties have herein executed this agreement and made it effective as hereinabove provided. OWNER/DEVELOPER: Alturas 5617 Cleveland, LLC By: _____________________________________ Alturas Capital Partners, LLC, Member/Manager Travis Barney, CEO City of Caldwell By: __________________________________________ STATE OF IDAHO ) : ss: County of Ada, ) On this day of ________, 2023, before me, the undersigned, a Notary Public in and for said State, personally appeared _______________________ , known or identified to me to be the______________________ of Alturas 5617 Cleveland, LLC, and acknowledged to me that he executed the same on behalf of said Company. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. (SEAL) Notary Public for Idaho Residing at:__________________ Commission expires:___________ STATE OF IDAHO ) : ss County of Ada ) On this day of , 2023, before me, a Notary Public, personally appeared ___________________________________________________________, know or identified to me to be the authorized representative of City of Caldwell, who executed the instrument or the person that executed the instrument on behalf of said City, and acknowledged to me that such City executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. _____________________________________ (SEAL) Notary Public for Idaho Residing at: Commission expires: Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstate S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 Interstat e S e m i t r a i l e r - W B - 6 5 o r W B - 6 7 SD1SCALE: 1" = 70'-0"SITE PLAN ADDRESS:5617 CLEVELANDCALDWELL, IDAHOAPN:R3244000000JURISDICTION:CANYON COUNTY - CITY OF CALDWELLZONE:REZONE TO M-1LIGHT INDUSTRIALLOT AREA:19.37 AC (843,777 SF)FLEX BUILDING SQUARE FEET:318,200 S.F.PARKING SPACES PROVIDED: 144 SPACESPROJECT SITE ANALYSISRETAIL/FLEX SPACE11,600 SFWAREHOUSEFLEX SPACE68,500 SFWAREHOUSEFLEX SPACE42,700 SFWAREHOUSEFLEX SPACE67,300 SFFIRE LANE WAREHOUSEFLEX SPACE42,700 SFWAREHOUSEFLEX SPACE42,700 SFWAREHOUSEFLEX SPACE42,700 SF1 9 0 '224'2 0 0 ' - 0 "336'-0"190'-0"3 6 0 ' - 0 "DRAWN BY:JOB #DATE REVISIONS NO. THIS DRAWING CONTAINS INFORMATION WHICH IS THE PROPRIETARY PROPERTY OF ALC ARCHITECTURE.NO UNAUTHORIZED REUSE OR DUPLICATION OF THESE PLANS OR ANY INFORMATION CONTAINED HEREIN,WITHOUT THE EXPRESS WRITTEN CONSENT OF ALC ARCHITECTURE.THIS DRAWING IS NOT TO BE USED FOR CONSTRUCTION UNTIL IT IS SIGNED BY THE ARCHITECT.COPYRIGHT © ALC ARCHITECTURECHECKED BY:SUBMITTAL:1119 E. State Street, Suite 120 - Eagle, ID 83616 208.514.2713 PROJECT FOR: 5617 CLEVELAND 5617 E. CLEVELAND BLVD CALDWELL, IDAHORF, JMRF211128/11/2022... ... ... ... ... ... BLVD