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Home My WebLink AboutURA RES 2016-55 RESOLUTION NO. 2016-55 A RESOLUTION OF THE CALDWELL URBAN RENEWAL AGENCY AUTHORIZING THE EXECUTION OF THE TERMINATION OF RIGHT OF FIRST REFUSAL AND OPTION AND THE TERMINATION OF RIGHT OF FIRST REFUSAL AND OPTION AGREEMENT WITH FRESCA MEXICAN FOODS, LLC. BE IT HEREBY RESOLVED by the Caldwell Urban Renewal Agency authorizes the execution of the Memorandum of Termination of Right of First Refusal and Option and the Termination of Right of First Refusal and Option Agreement with Fresca Mexican Foods, LLC made a part hereof and set forth in full. PASSED BY THE CALDWELL URBAN RENEWAL AGENCY this 14th day of November, 2016. APPROVED BY THE CHAIRMAN OF THE URBAN RENEWAL AGENCY OF THE CITY OF CALDWELL on this 14th day of November, 2016. AP''O ED: , Ai ' HA ' • N 1/ ATTEST: C-----" di: V )Ai)A- 44- icos;.•••ft..,/,-.4, SECRETARY '''1 c' 2016-051151 RECORDED 12/08/2016 02:13.PM . RECORDATION REQUESTED AND CHRIS YAMAMOTO • WHEN RECORDED RETURN TO: CANYON COUNTY RECORDER Pgs=5 MBROWN $22.00 TYPE: MISC Holland&Hart LLP HOLLAND&HART-BOISE Attn: Alan Elm-lin ELECTRONICALLY RECORDED P.O.Box 2527 Boise,Idaho 83701-2527 • Space Above is Reserved for Recording Purposes MEMORANDUM OF TERMINATION OF RIGHT OF FIRST REFUSAL AND OPTION N°CTIQE. I$:1 .i :1 ;Y CaT rlcil that, Wt cetiv0.i*Of.t1 is 0.i.V ItittAtteatti "Effective Date"), The Urban Renewal Agency of the City of Caldwell, Idaho., an independent public body corporate and politic of 41 1. Blaine St., Caldwell, Idaho 83605 ("Seller") and.Fresca Mexican Foods, LLC, a Delaware limited liability company authorized to do business in Idaho, of 11193 W. Emerald St., Boise, Idaho, 83713 ("Buyer") terminated that certain Right of Frist Refusal and Option Agreement between said parties dated as of August 8, 2016 (the"ROFR and ?:sit 3 . ; reen nt"), which was evidenced by that certain Tvlemorandum of Right of First Refusal and Option recorded in the Official Records of Canyon County, Idaho on September 13, 2016 as Instrument No. 2016037336(the"i eri k taidiini:ofROIR:and;Op on'). The ROFR and Option Agreement affects certain real property more particularly described on Exhibit A.attached hereto and made a part hereof(the"Property"). Due to the parties' termination of the R.OFR and Option Agreement, as of the Effective Date, the Memorandum of ROFR and Option is hereby terminated and released, and the ROFR. and Option Agreement and the Memorandum of ROFR and Option shall cease to be encumbrances against the Property. This Memorandum of Termination of Right of First Refusal and Option may be executed in counterparts, each which shall be deemed to be an original, but all of which shall constitute one and the same document. [Signature and notary acknowledgement pages follow immediately.] L RECORDATION REQUESTED AND RECORDED ELi=t✓TROMCA 6//6 f WHEN RECORDED RETURN TO: Instrument N O6./Q r (111p'7 Holland&Hart LLP Date: i County: Attn:Anna Eberlin P.O.Box 2527 Time: t Boise,Idaho 83701-2527 Holland&Hart LLP by ` / • Space Above is Reserved for Recording Purposes MEMORANDUM OF TERMINATION OF RIGHT OF FIRST REFUSAL AND OPTION NOTICE IS IiEREBY GIVEN that, effective as of this eddy of Cc201.6 (the "Effective Date"), The Urban Renewal Agency of the City of Caldwell, Idaho, an independent public body corporate and politic of 411 Blaine St., Caldwell, Idaho 83605 ("Seller") and Fresca Mexican Foods, LLC, a Delaware limited liability company authorized to do business in Idaho, of 11193 W. Emerald St., Boise, Idaho, 83713 ("Buyer") terminated that certain Right of Frist Refusal and Option Agreement between said parties dated as of August 8, 2016 (the"ROFR and Option Agreement"), which was evidenced by that certain Memorandum of Right of First Refusal and Option recorded in the Official Records of Canyon County, Idaho on September 13, 2016 as Instrument No. 2016037386(the"Memorandum of ROFR and Option"). The ROFR and Option Agreement affects certain real property more particularly described on Exhibit A attached hereto and made a part hereof(the"Property"). Due to the parties' termination of the ROFR and Option Agreement, as of the Effective Date, the Memorandum of ROFR and Option is hereby terminated and released, and the ROFR and Option Agreement and the Memorandum of ROFR and Option shall cease to be encumbrances against the Property. This Memorandum of Termination of Right of First Refusal and Option may be executed in counterparts, each which shall be deemed to be an original, but all of which shall constitute one and the same document. [Signature and notary acknowledgement pages follow immediately.] IN WITNESS WHEREOF, the above-named parties have executed this Memorandum of Termination of Right of First Refusal and Option as of the day and year first above written. Urban Renewal Agency of the City of Caldwell, Idaho I3y:# Nara i � .... '148*._. Its:.. _ ft-N STATE OF s c>.. , ) )ss. County of rt ) Oil i 1St d tit' 2016 before me,: i4 '- "•,a Notary Public in and for said State,personally appeared lA,E I. ,..... ' : c,,_ known or identified to me to be the gl).4,4441s11,00of the Urban Renewal Agency of thb city of Caldwell,Idaho, an independent public body corporate and politic,the person whose name is . subscribed to the foregoing instrument,and acknowledged to inc that he/she executed the same on behalf of said body. IN WITNESS WHEREOF,I have hereunto set my hand and affixed my official seal the day and year in this certificate first-above written. I< '0. :}ZiN,kty E notary Public for STATENOTARY PUBLIC OF IDAHO O . ... . A ReSidiri :apt c t "x; L 'LIy=:Coiniti xslsioin..1.kpir s N t,a: ..is z,.0:i It [Signature and acknowledgement page follows immediately] MEMORANDUM OF TERMINATION OF RIGHT OF FIRST REFUSAL AND OPTION—SIGNATURE PAGE Fresca Mexican Foods,LLC ,,,--‘, I '' BytP\„,;_.::,:: ,...,..L ,.,... „ . tic Name: It, ,,17, Fi.tuAdca_ STATE OF ...370Alit) ) ) ss, County of ADA ) .......,„_ ,.....g day of ON THIS I otte•1104,4e?,. 2016,before me,15,1%,-Al!tit„.*-! .a. Notary Public in and for said State,personally appeared known or identified to me to be the4 e c%se.Lkmx.._ofVresca Mexican Pci6di,LLC, a Delaware limited liability company,the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she executed the same on behalf of said limited liability 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. te7 ' k).• CA. 4K ,.,.,... 71,n49... , E .. : iTERESA::0.104014 , NOW thibtik : , : . ,. Notaty Public for A . ' sta011tiat :: . itoiding at Aa..*,... •.titii :":Nt,,,gjkl) L , . • My CointniScian Expires! Ork MEMORANDUM OF TERMINATION OF RIGHT OF FIRST REFUSAL AND OPTION-SIGNATURE PAGE 5 9 Reference: • Record of Survey—Inst.No.200623479 Warranty Deed—Inst.No.2015-032257 A portion of the E14aof Section 25,•ToWtiShip 4 North, Range 3 West of the Boise Meridian, Canyon County, Idiho,being more•particulasly described:4faoWs: COMMENCING at tbe.$90Y4fooToe:i-Of.$04tiork.251:theta*.North05.40'26rEaSt thitinCe:Of)324,90 feet along, the Watt boundary of the SW f4 S Wpf;:,0#1,EentiOn..25 to thelIN.-corner.pf,.said SW ¼SE¼, thence North 59136'le East:A.4horice of&i 01 feet along tbeftiorth boundary of said SW $4,,V4 riglik.,of;way bounOgyor$foqo4P4ray,,:lhoo0 No#0.00°41197.E4tta.4t4anqoof:97:45:.:610Valox:itiOid-e0tOrly: 'right-044y toundary:of Sneed Parkway,tbOrpO:SOilth:89°59'.4r East a:..4:istance.Of 7:::)0:stgot,to the,f9tiN.7 OL :OROWNING;Atifta.00tithvairtg South 89°59'42"East a distance of 428.09 feet;thence South 00°0011S"West a distance of 322.47 feet;thence North 119`59'42 Weit a.diatante 88,711:*t to.a:point on the sootLiwesterly boundary of the parcel described in InstrumegtNo.0)15012257i rederdi of Canyon cotinty,,Idahot.f.thence:' North 44°16'18"West a distance of 214.42 feet along said southwesterly boundary to a point of curvature;thence Northwesterly 44..stance of 1..93...80 feet dots dip op..0.A.c14-vg to the rightf;stid:ctleye haAng a centra 0400 of - 32!40.707',a radius of 340,00i feet,.and:a...Ion&ehot4:bearing:$orth 27°56°1.5r Nest.11 diStnnOe.of 191.24 feet to the POINT OF BEGINNING. 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