HomeMy WebLinkAboutURA RES 2026-003 Termination of DA with CRE-WPL Sky Ranch Owner LLC RESOLUTION NO. 2026-03
A RESOLUTION OF THE URBAN RENEWAL AGENCY OF THE CITY OF
CALDWELL, IDAHO, ("AGENCY") APPROVING THE TERMINATION OF
DEVELOPMENT AGREEMENT BETWEEN AGENCY AND CRE-WPL SKY RANCH
OWNER, LLC; AUTHORIZING THE AGENCY CHAIR TO EXECUTE SAID
AGREEMENT.
WHEREAS, all the terms, conditions,required improvements and other obligations in that
certain Development Agreement between Agency and CRE-WPL Sky Ranch Owner, LLC, with
an Effective Date of October 18, 2022, and recorded on that date as Instrument No. 2022-047445
in the Recorder's Office for Canyon County,Idaho ("DA"),have been fully met and satisfied; and
WHEREAS, Pursuant to Section Lg of the DA, Agency shall release the DA upon
satisfaction of the terms,conditions,required improvements and other obligations set forth therein.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE URBAN RENEWAL AGENCY OF THE CITY OF CALDWELL, IDAHO:
Section 1: Agency hereby approves the Termination of Development Agreement
presented to it on March 9, 2026, a copy of which is attached hereto.
Section 2: The Agency Chair is authorized to sign said agreement on behalf of Agency
and Agency staff shall record the same.
ADOPTED AND APPROVED THIS 91h day of M ) 2026.
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RESOLUTION NO.2026- Page 1
2026-009183
RECORDED
03/12/2026 02:59 PM
After Recording, 111111111111111111111111111111111111111111111111Return to:
00917490202600091830040048
JESS URRESTI
Kristina Buchan,Agency Clerk CANYON COUNTY RECORDER
Urban Renewal Agency of the City of Caldwell,Idaho Pgs=4 LBERG NO FEE
205 South 6th Ave
MISC
Caldwell,Idaho 83605 CITY OF CALDWELL
FOR RECORDING INFORMATION
TERMINATION OF DEVELOPMENT AGREEMENT
This Termination of Development Agreement("Termination") is made and executed
this 9t'day of March 2026,by the Urban Renewal Agency of the City of Caldwell, Idaho, whose
address is 205 S. 6th Ave, Caldwell, Idaho 83605 ("Agency"). Agency hereby certifies that all
the terms, conditions,required improvements and other obligations in that certain Development
Agreement between Agency and CRE-WPL Sky Ranch Owner, LLC, a Delaware limited
liability company("Developer"), with an Effective Date of October 18, 2022 and recorded on
that date as Instrument No. 2022-047445 in the Recorder's Office for Canyon County, Idaho
("DA"),have been fully met and satisfied.
Pursuant to Section Lg of the DA,Agency hereby releases the DA from the real property
subject to the DA which is described in Exhibit A, attached and incorporated here by this
reference. This Termination shall be a conclusive determination of the satisfaction of the
agreements and requirements of the Developer with respect to the DA.
IN WITNESS WHEREOF, Agency has executed this Termination of Development
Agreement as of the date first set forth above.
Agency
•
Porter, genc air
TERMINATION OF DEVELOPMENT AGREEMENT,Page 1
STATE OF IDAHO )
) ss.
COUNTY OF CANYON )
On this 9 h day of March,2026,before me the undersigned, a Notary Public in and for said
State personally appeared Jim Porter known or identified to me to be the Chair of the Board of
Commissioners of the Urban Renewal Agency of the City of Caldwell, Idaho that executed the
said instrument, and acknowledged to me that such Agency 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.
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TERMINATION OF DEVELOPMENT AGREEMENT,Page 2
EXHIBIT A
LEGAL DESCRIPTION OF PROPERTY
PARCEL 1:
Lots 1, 2 and 3, Block 1, Skyway Business Park, Canyon County, Idaho, according to the official
plat thereof, filed in Book 32 of Plats at page 31, records of said County.
PARCEL 2: The following Describes a Parcel of Land being a Portion of the South 1/2 of the NE
1/4 of the NW 1/4 of Section 25, Township 4 North, Range 3 West, Boise Meridian, City of
Caldwell, Canyon County, Idaho,being more particularly described as follows:
Commencing at the Northeast Corner of the NW 1/4 (North 1/4 Corner) of said Section 25,
which is being Monumented by a Found Brass Cap: From said Corner, the Northwest Corner of
said Section 25,which is being Monumented with a Found "Illegible" Brass Cap bears, South
89049'34" West, 2657.56 feet;
Thence along the Northerly Boundary Line of the Northwest 1/4 of said Section"25, South
89°49'34" West, 1328.82 feet to the Northwest Corner of the NE 1/4 of the NW 1/4 of said
Section 25;
Thence leaving said Northerly Boundary Line, and along the Westerly Boundary Line of the NE
1/4 of the NW 1/4 of said Section 25, South 00°34'10" West, 67.01 feet to a found 5/8" Iron Pin
with Plastic Cap "PLS 11118"being on the Southerly Right of Way Line of Highway 20/26 as
shown on Record of Survey Instrument No. 2012006805, Records of Canyon County, Idaho;
Thence continuing along said Westerly Boundary Line South 00'34'10" West, 594.42 feet to a
found 5/8" Iron Pin with Plastic Cap "PLS 5461" Monumenting the Northwest Corner of the
South 1/2 of the NE 1/4 of the NW 1/4 of said Section 25, the POINT OF BEGINNING:
Thence continuing, South 00°34'10" West, 661.37 feet to the Southwest Corner of the South 1/2
of the NE 1/4 of the NW 1/4 (NW 1/16th Corner) of said Section 25; From said Corner, a found
5/8" Iron Pin with "No Cap" bears, South 60°53'23" West, 0.55 feet;
Thence leaving said Westerly Boundary Line, and along the Southerly Boundary Line of said
South 1/2 of the NE 1/4 of the NW 1/4,North 89°42'54" East, 1326.19 feet to a found 5/8" Iron
Pin with Plastic Cap Monumenting the Southeast Corner of the South 1/2 of said NE 1/4 of the
NW 1/4 (N 1/16th Corner);
Thence leaving said Southerly Boundary Line, and along the Easterly Boundary Line of said NE
1/4 of the NW 1/4, and also being the Westerly Right of Way Line of Smeed Parkway,North
00041'32" East, 575.15 feet to a set 5/8" Iron Pin with Plastic Cap "Koerner PLS 8251
TERMINATION OF DEVELOPMENT AGREEMENT,Page 3
Thence leaving said Easterly Boundary Line, and continuing along said Westerly Right of Way
Line Northwesterly 84.98 feet along the arc of a curve to the left having a radius of 1960.00 feet,
a Central angle of 02°29'03", and a Long Chord which bears,North 00°33'00" West, 84.97 feet
to a set 5/8" Iron Pin with Plastic Cap "Koerner PLS 8251"being on the Northerly Boundary
Line of said South 1/2 of said NE 1/4 of the NW 1/4;
Thence leaving said Westerly Right of Way Line, and along on the Northerly Boundary Line of
said South 1/2 NE. 1/4 NW 1/4, South 89°46'10" West, 1325.74 feet to the POINT OF
BEGINNING.
TERMINATION OF DEVELOPMENT AGREEMENT,Page 4