HomeMy WebLinkAboutRESTRICTIVE LOT COVENANT - Vista Medical Office - Lot 3 Blk 1 Trejo Prof. PlazaRestrictive Development Lot Covenant
This covenant is given by Jones Investments LLC (Owner) to the City of Rexburg,
and is in relation to the following property owned by Jones Investments LLC (Owner).
PROPERTY DESCRIPTION (Address and Legal Description)
1. Address 570 Trejo Street, Rexburg, ID 83440
2. Attach Legal Description for all effective parcels
Lot 3 and Lot 4 in Block 1 of Trejo Professional Park No. 1, also a replat of
Lot 1, Block 3, of the Westates Subdivision, Division No. 1, an Addition to the City
of Rexburg, Madison County, Idaho, as per the recorded plat thereof.
PURPOSE OF COVENANT
Owner desires to have multiple legal lots owned by Owner, which comprise the Property described above,
treated as a single lot for the purposes of applying Rexburg City Standards and any other applicable Zoning
Ordinance provisions to Owner's proposed development. The City is willing to allow Owner to treat the
property as a single development lot for those purposes, provided Owner covenants as provided herein.
AGREEMENT BINDING ON SUCCESSORS IN INTEREST
This agreement is an instrument affecting the title and possession of the Property. All the terms of this
agreement shall run with the land and shall be binding on the successors in interest of Owner. On any sale
or division of the Property, the terms of this agreement shall apply separately to each parcel, and the owner
of each parcel shall succeed to the obligations imposed on Owner by this agreement.
RESTRICTIVE COVENANT
Owner does not wish to vacate the Property's interior lot lines at this time. Owner covenants, however, that
from and after execution and recording of this document, the Property must be conveyed as a single
ownership; may no longer be considered multiple saleable units even though a formal vacation of the
interior lot lines has not occurred; and shall be considered as a single lot for all city Municipal Code and
Zoning Ordinance purposes. Nothing in this covenant shall prevent the Owner or the Owner's successors
in interest from adjustment of lot lines of other land use actions in the future, provided such adjustments
and actions comply fully with the applicable state and local lq wrs-?�ations then current.
OWNER:
Jones InvestmentDatedthis 28 dayof ril
2020
On this 28 day of April , 2020 before me lly appeared 1� �' i��, J �ncS
known to me to be the person(s) who executed this RESTRICTIVE DEVELOPMENT LOT
CO _fq*4IMPffty4,)cknowledged to me that he/she executed the same for the purposes herein.
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My commission expires:
Approv%4O �i� required before recording:
CITY: e 9_-' �/�'Y. -�
Dated this day of
By:
PLEASE SUBMIT ORIGINAL TO:
Planning & Zoning Department
Instrument # 430810
REXBURG, MADISON, IDAHO
City of Rexburg
35 North 1st East
5-12-2020 03:46:07 PM No. of Pages: 1
Recorded for: KAILEY PAPENFUSS
Rexbur ID 83440
KIM H. MUIR Fee: 10.00
Ex -Officio Recorder Deputy