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HomeMy WebLinkAboutRESTRICTIVE LOT COVENANT - 19-00718 - Valleywide Coop,Forsgren - Commercial BuildingRestrictive Development Lot Covenant This covenant is given by /06 �''/A PC, le h`e (�r�s (60m- r) to the City of Rexburg, and is in relation to the following property owned bvra-�r�erG PROPERTY DESCRIPTION (Address and Legal Description) CCCJ// 1. Address //.7/ Jurwvre'-r n 2. Attach Legal Dyscripjion for all effective 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 laws and regulations then current. �r^� Datedthis;A2 da OWNER: L.J.3y-c �S ➢ of 70154 —6 Signature On this /4s day of 3 - arts , 2021 , before me personally appeared O t011 G n Aril . known to me to be theRerson(s) who executed this RESTRICTIVE DEVELOPMENT LOT COVENAN.T.O& e0 X%,# pcd to me that he/she executed the same for the purposes herein. Qp •tAOTAR 1, Gr/ar.� l • o ary Pubhc • "s S oPUI3LICg , Residing at: 4,yln2h • . o b ••4,• q•�.:No. •�•P•2�•S� My commission expires: ;?106i;20Ar, •, TE F o• Approval signa ed be me rng: CITY: Dated this day of ba� By: PLEASE SUBMIT ORIGINAL TO: Planning & Zoning Department City of Rexburg 35 North 1st East Rex ur ID 8 440 Instrument # 442584 REXBURG, MADISON, IDAHO 7-28-2021 11:27:31 AM No. of Pages: 1 Recorded for: COLBY HACKBARTH KIM H. MUIR Fee: 10.00 Ex -Officio Recorder Deputy q AL