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HomeMy Public PortalAboutOrd. 799 - LID 3 Segregation/Aspen 2Instrument # 289203 VALLEY COUNTY, CASCADE, IDAHO 2004-11-05 03:39:20 No. of Pages: 47 Recorded for : DAN IRWIN LELAND G. HEINRICH Ex-Officio Recorder Deputy Index to: ORDINANCES Fee: 141.00 ORDINANCE NO. 799 AN ORDINANCE OF THE CITY OF McCALL, VALLEY COUNTY, IDAHO, RELATING TO THE SEGREGATION OF ASSESSMENTS FOR LOCAL IMPROVEMENT DISTRICT NO. 3; MAKING FINDINGS AND DETERMINATIONS; SETTING FORTH THE ORIGINAL ASSESSMENT ROLL, THE DESCRIPTIONS OF ASSESSMENT PARCELS, AND THE AMOUNT AND DATE OF THE ORIGINAL ASSESSMENTS FOR LOCAL IMPROVEMENT DISTRICT NO. 3; PROVIDING FOR THE SEGREGATION. OF ASSESSMENTS FOR ASSESSMENT PARCELS A, B, C, D, and H, WITHIN LOCAL IMPROVEMENT DISTRICT NO. 3 AND WITHIN THE ASPEN RIDGE SUBDIVISION NO. 2; PROVIDING FOR THE PAYMENT OF REASONABLE ENGINEERING AND CLERICAL COSTS INCIDENT TO THIS SEGREGATION; DIRECTING THE CITY CLERK TO MAKE THE SEGREGATION OF ASSESSMENTS ON THE ASSESSMENT ROLL; SETTING FORTH THE REVISED ASSESSMENT ROLL FOR LOCAL IMPROVEMENT DISTRICT NO. 3, INCLUDING ALL AMENDMENTS THERETO AND SEGREGATIONS OF ASSESSMENTS THEREON AND PROVIDING FOR THE PAYOFF OF SEGREGATED ASSESSMENTS; RATIFYING PREVIOUS ACTIONS; DIRECTING THAT A CERTIFIED COPY OF THIS ORDINANCE BE FILED WITH THE RECORDER OF VALLEY COUNTY, IDAHO; PROVIDING FOR PUBLICATION OF A SUMMARY OF THIS ORDINANCE; AND PROVIDING AN EFFECTIVE DATE WHEREAS, by adoption of Ordinance No. 630 on May 13, 1993, as amended by Ordinance No. 642, adopted on July 28, 1993, the Mayor and Council of the City of McCall, Valley County, Idaho (the "City"), duly created Local Improvement District No. 3 ("L.I.D. No. 3") of the City; and WHEREAS, by adoption of Ordinance No. 636 on July 3, 1993, as amended by Ordinance No. 643, adopted on July 28, 1993, the Mayor and Council, pursuant to notice and hearing as required by law, duly confirmed an assessment roll and thereafter issued and sold special assessment bonds for L.I.D. No. 3; and WHEREAS, Section 50-1721A, Idaho Code, provides that whenever any land against which there has been levied any special assessment by any municipality shall have been sold in part or subdivided, the council of the municipality shall have the power to order a segregation of the assessment; and WHEREAS, by adoption of Ordinance No. 663 on June 30, 1994, the City amended the assessment roll for L.I.D. No. 3 by segregating a portion of the assessments for Assessment Parcel A, and by adoption of Ordinance No. 696 on June 28, 1996, the City further amended the assessment roll for L.I.D. No. 3 by revising the legal descriptions of the property included in Assessment Parcels A and E, by describing and providing assessments for Spring Mountain Ranch Subdivision No. 2, and by revising the Page 1 amounts of assessments for Assessment Parcels A through M, inclusive; and WHEREAS, by adoption of Ordinance No. 716 on October 9, 1997, the City further amended the assessment roll for L.I.D. No. 3 by segregating the assessments for Spring Mountain Ranch Subdivision No. 3, by removing the assessments from certain property dedicated to the City for public use, and by reallocating assessments to the remaining Assessment Parcels; and by adoption of Ordinance No. 719 on December 8, 1997, the City further amended the assessment roll for L.I.D. No. 3 by segregating the assessments for Block 5 of Spring Mountain Ranch Subdivision No. 1; and by adoption of Ordinance No. 736 on December 30, 1999, the City further amended the assessment roll for L.I.D. No. 3 by segregating the assessments for individual lots within Assessment Parcel J, Blocks 16 and 17 within Spring Mountain Ranch No. 4; and by adoption of Ordinance No. 790 on January 22, 2004, the City further amended the assessment roll for L.I.D. No. 3 by segregating the assessments for individual lots within portions of Assessment Parcels D, G, H, and I within Aspen Ridge Subdivision No. 1, all as provided by Section 50- 1721A, Idaho Code; and WHEREAS, the owner of Assessment Parcels A, B, C, D, and H, within L.I.D. No. 3 has requested that the assessment for the remaining unsegregated portions of Parcels A, B, C, D, and H, be segregated to the individual lots within Assessment Parcels A, B, C, D, and H in the Aspen Ridge Subdivision No. 2; and WHEREAS and the City Council has determined that it is in the best interests of the City to grant such application and to segregate and describe the assessments in accordance with the application, all as provided by Section 50-1721A, Idaho Code and this Ordinance. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF McCALL, Valley County, Idaho, as follows: Section 1: The Council hereby finds and determines: A. Local Improvement District No. 3 ("L.I.D. No. 3") was duly created by Ordinance No. 630, adopted on May 13, 1993, as amended by Ordinance No. 642, adopted on July 28, 1993. B. The assessment roll (the "Assessment Roll") for L.I.D. No. 3 was duly confirmed by Ordinance No. 636, adopted on July 8, 1993, as amended by Ordinance No. 643, adopted on July 28, 1993. C. The Council, pursuant to Ordinance No. 663, adopted on June 30, 1994, Ordinance No. 696, adopted on June 28, 1996, Page 2 Ordinance No. 716, adopted on October 9, 1997, Ordinance No. 719, adopted on December 8, 1997, Ordinance No. 736, adopted on December 30, 1999, and Ordinance No. 790, adopted on January 22, 2004, further segregated certain assessments for L.I.D. No. 3 in the manner provided by Section 50-1721A, Idaho Code. D. The owner of Assessment Parcels A, B, C, D, and H, within L.I.D. No. 3, has made application to the City for the segregation of the assessments within Aspen Ridge Subdivision No. 2 to the individual lots within said Parcels. E. It is in the best interests of the City and of the property subject to assessment within L.I.D. No. 3 that the application for segregation of assessments be granted upon the conditions imposed herein. F. It is further in the best interests of the City and of the property subject to assessment within L.I.D. No. 3 that the segregated Assessment Parcels A, B, C, D, and H, in Aspen Ridge Subdivision No. 2, within L.I.D. No. 3 be designated "Aspen Ridge Subdivision No. 2," and shall be as set forth in Exhibit "A" annexed hereto and by reference made a part of this Ordinance. G. The rights and interests of the owners and holders of the special assessment bonds issued, and the security of the lien for the assessments, for L.I.D. No. 3 will not be adversely affected by the segregation or designation of such assessments as directed by this Ordinance. Section 2: The owner of Assessment Parcels A, B, C, D, and H, in Aspen Ridge Subdivision No. 2 within L.I.D. No. 3 shall pay the City the reasonable engineering and clerical costs incident to this segregation. Section 3: A copy of the original confirmed Assessment Roll for L.I.D. No. 3, including the legal description of the properties included within and subject to assessment for L.I.D. No. 3, as confirmed by Ordinance No. 636, adopted on July 8, 1993, as amended by Ordinance No. 643, adopted on July 28, 1993, is annexed hereto as Exhibit "B" and by reference made a part of this Ordinance. Section 4: The Assessment Roll for L.I.D. No. 3, as further amended by the segregation of assessments as provided in Ordinance No. 663, adopted on June 30, 1994, Ordinance No. 696, adopted on June 28, 1996, Ordinance No. 716, adopted on October 9, 1997, Ordinance No. 719 on December 8, 1997, Ordinance No. 736 adopted on December 30, 1999, and by Ordinance 790, adopted on January 22, 2004, is hereby further amended by the following segregation of assessments: the assessment for Assessment Page 3 Parcels A, B, C, D, and H, within Aspen Ridge Subdivision No. 2, according to the recorded plot thereof, is hereby segregated to lot numbers 1 through 92, inclusive, of said Parcels A, B, C, D, and H, in the amounts set forth in Exhibit "C" which is annexed hereto and by reference made a part of this Ordinance. Section 5: The City Clerk is hereby directed to make the segregation provided by Section 4 of this Ordinance in the confirmed Assessment Roll for L.I.D. No. 3, as amended. Section 6: 6.1 The Assessment Roll for L.I.D. No. 3, including all amendments and segregation of assessments provided by Ordinance No. 663, adopted on June 30, 1994, Ordinance No. 696, adopted on June 28, 1996, Ordinance No. 716, adopted on October 9, 1997, Ordinance No. 719, adopted on December 8, 1997, Ordinance No. 736, adopted on December 30, 1999, Ordinance 790, adopted on January 22, 2004, and this Ordinance No. 799, adopted on October ', 2004, shall be as set forth in Exhibit "D" which is annexed hereto and by reference made a part of this Ordinance. 6.2 The assessments segregated by this Ordinance, which are set forth in Exhibit "C," shall be paid off in full on or before the date each individual segregated lot or lots described in Exhibit "C" is sold or otherwise transferred to different owner. Section 7: All actions hereto taken by the City with respect to the confirmation of the Assessment Roll for L.I.D. No. 3 by the adoption of Ordinance No. 636, adopted on July 8, 1993, as amended by Ordinance No. 643, adopted on July 28, 1993, and the segregation of assessments as provided by Ordinance No. 663, adopted on June 30, 1994, Ordinance No. 696, adopted on June 28, 1996, Ordinance No. 716, adopted on October 9, 1997, Ordinance No. 719, adopted on December 8, 1997, Ordinance No. 736, adopted on December 30, 1999, and Ordinance 790, adopted on January 22, 2004, are hereby ratified and confirmed in all respects. Section 8: A certified copy of this Ordinance shall be filed with the Valley County Recorder in accordance with Section 50-1721A, Idaho Code. Section 9: This Ordinance, or a summary thereof in compliance with Section 50-901A, Idaho Code, substantially in the form annexed hereto as Exhibit "E," shall be published once in the official newspaper of the City and shall take effect and be in force from and after its passage, approval, and publication. Page 4 DATED this W` day of October, 2004. CITY OF McCALL Valley County, Idaho By Kirk Eimers, Mayor ATTEST: Dan Irwin, City Clerk (SEAL) e/sssss sssssstt4j ♦*oz% 0Ac"CALI4 ♦ �qC. pD d"61 pu tor u • 6 e e� •. •S' f' L c B •,I Page 5 STATE OF IDAHO ss: COUNTY OF VALLEY I, Dan Irwin, Clerk of the City of McCall, Idaho (the "City"), hereby certify that the foregoing is a full, true and correct copy of the record of Ordinance No. 799 as the same now remains on file and of record in my office. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the City of McCall, Idaho, on this a$+'^ day of October, 2004. ,,ssssssaeaaaaac •. ,t.0 ALIo �r F_ OTAL)- Dan Irwin CITY CLERK Page 6 THOMAS W. KERR PLS 998 KERR SURVEYING PO BOX 853-404 E. PARK McCALL, IDAHO 83638 208-634-2686 / FAX 208-634-4042 March 16, 2004 ASPEN RIDGE SUBDIVISION PHASE II 73.979 Acres ROD M. SKIFTUN PLS 9585 A parcel of land situate in the NE1/4 and the N%2 of the SE'/4 of Section 10, T. 18 N., R. 3 E., B.M., City of McCall, Valley County, Idaho, more particularly described as follows: Commencing at a 5/8" rebar marking the Quarter Corner common to said Sections 10 and 11, the REAL POINT OF BEGINNING: Thence, S. 00°05'59" W., 1,321.21 feet to a 5/8" rebar marking the South 1/16 corner common to said Sections 10 and 11, thence, N. 89°46'55" W., 1,933.54 feet along the southerly boundary of the N%2 of the SE1/4 of said Section 10, to a 5/8" rebar marking the southeast corner of Lot 21, Block 1, Spring Mountain Ranch Subdivision No. 1, as shown on the official plat thereof on file in Book 8, on Page 38 of Plats, in the Office of the Recorder of Valley County, Idaho, thence, along the easterly boundary of said subdivision the following courses: N. 7°00'00" E., 252.51 feet to a 5/8" rebar, thence, N. 22°00'00" E., 220.50 feet to a 5/8" rebar, thence, N. 47°15'00" E., 90.00 feet to a 5/8" rebar, thence, N. 26°00'00" W.. 71.53 feet along the easterly boundary of said subdivision to a 5/8" rebar marking the southwest corner of Lot 24, Block 1, Spring Mountain Ranch Subdivision No. 2, as shown on the official plat thereof on file in Book 8, on Page 77 of Plats, in the Office of the Recorder of Valley County, Idaho, thence, along the easterly boundary of said subdivision the following courses: N. 60°30'05" E., 104.21 feet to a 5/8" rebar, thence, N. 47°33'12" E., 84.50 feet to a 5/8" rebar, thence, N. 55°48'27" E., 104.48 feet to a 5/8" rebar, thence, N. 47°33'12" E., 80.52 feet to a 5/8" rebar, thence, N. 30°17'22" E., 128.04 feet to a 5/8" rebar, thence, N. 14°21'18" E., 150.29 feet to a 5/8" rebar, thence, N. 79°13'54" W., 52.49 feet to a 5/8" rebar, thence, N. 22°35'00" E., 373.10 feet along the easterly boundary of said Subdivision, to a 5/8" rebar on the southerly boundary of the City of McCall Water Treatment Plant Site, Instrument No. 206775, Exhibit A, Page 1 of 4 Aspen Ridge Subdivision Phases II, page 2 thence, N. 70°40'12" E., 196.28 feet along said southerly boundary to the westerly right- of-way of Majestic View Drive, thence, 80.60 feet along the easterly boundary of said plant site and said westerly right-of- way on a non -tangent curve to the left, whose radius is 1,080.00 feet and delta angle is 4°16'34", and whose long chord bears N. 12°11'39" E., 80.58 feet, thence, N. 10°03'22" E., 179.44 feet along said easterly plant boundary to a 5/8" rebar on the southerly right-of-way of Snowberry Place and the westerly right-of-way of Majestic View Drive, thence, S. 79°53'16" E., 40.00 feet to a 5/8" rebar on the easterly right-of-way of Majestic View Drive, as shown on the official plat of Spring Mountain Ranch Subdivision No. 3, in Book 8, on Page 92 of Plats, on file in the Office of the Recorder of Valley County, Idaho, thence, along the easterly boundary of said subdivision the following courses: N. 10°03'22" E., 25.92 feet along said easterly right-of-way to a 5/8" rebar, thence, 157.45 feet along said easterly right-of-way, along a curve to the left whose radius is 264.66 feet and delta angle is 34°05'09", and whose long chord bears N. 6°59'13" W., 155.14 feet to a 5/8" rebar, thence, N. 24°01'47" W., 93.60 feet along said easterly right-of- way to a 5/8" rebar marking the southwest corner of Lot 3, Block 14, Spring Mountain Ranch Subdivision No. 3, thence, N. 42°58'09" E., 192.82 feet to a 5/8" rebar, marking the southwesterly corner of Lot 104 of Aspen Ridge Subdivision No. 1, as shown in Book 9, Page 45 of Plats, on record as Inst. No. 279772 in Office of the Recorder of Valley County, Idaho, thence, along the southerly and easterly boundaries of said Aspen Ridge Subdivision No. 1 the following courses: S. 16°07'46" E., 180.20 feet to a 5/8" rebar, thence, N. 84°56'07" E., 241.10 feet to the westerly right- of-way of Aspen Ridge Lane, thence, S. 24°01'49" W., 198.69 feet along said westerly right-of-way, thence, 43.01 feet along said westerly right-of-way on a curve to the left, whose delta angle is 13°41'24" and radius is 180.00 feet, whose long chord bears S. 17°11'07" W., 42.91 feet, thence, S. 79°39'35" E., 60.00 feet to the easterly right-of- way of said Aspen Ridge Lane, thence, 28.67 feet along said easterly right-of-way on a curve to the right, whose delta angle is 13°41'24" Exhibit A, Page 2 of 4 Aspen Ridge Subdivision Phases II, page 3 and radius is 120.00 feet, whose long chord bears N. 17°11'07" E., 28.60 feet, thence, N. 24°01'49" E., 62.24 feet along said easterly right- of-way to the southwest corner of Lot 134 of said subdivision, thence, N. 61°58'28" E., 205.22 feet, thence, S. 76°09'49" E., 55.77 feet, thence, 44.71 feet along a curve to the right, whose radius is 1,035.00 feet, delta angle is 2°28'30", and whose long chord bears N. 14°22'35" E., 44.71 feet, thence, N. 15°36'50" E., 115.14 feet, thence, N. 70°08'52" W., 111.57 feet, thence, N. 3°46'15" E., 227.53 feet, thence, N. 7°11'52" E., 148.32 feet, thence, N. 20°13'23" E., 159.14 feet, thence, S. 65°45'14" E., 163.98 feet, thence, N. 9°24' 19" E., 290.96 feet, thence, N. 90°00'00" E., 197.95 feet to the line common to said Sections 10 and 11, thence, S. 00°04'46" W., 1,535.48 feet along said common line to the Point of Beginning, containing 73.979 acres, more or less. SUBJECT TO: All rights, rights -of -way, covenants, and easements of record or use. Exhibit A, Page 3 of 4 ADDENDUM TO PRELIMINARY ENGINEER'S REPORT ASSESSMENT ROLL FOR THE SPRING MOUNTAIN RANCH IMPROVEMENT PROJECT CITY OF MCCALL VALLEY COUNTY IDAHO LOCAL IMPROVEMENT DISTRICT NO. 3 ASSESSMENT ENGINEER TOOTHMAN-ORTON CONSULTING ENGINEERS BOISE, IDAHO PROJECT NO. 90033 JULY 1993 Exhibit B SPRING MOUNTAIN RANCH' LOCAL IMPROVEMENT DISTRICT NO. 3 ASSESSMENT ROLL Attached to this Assessment Roll as Schedule 1 is a map generally illustrating Phase I and each of the Assessment Parcels A through M described below. Attached to this Assessment Roll as Schedule 2 is a copy of the Spring Mountain Ranch No. 1 Plat which illustrates and legally describes each of the lots and parcels within Phase I as described below. Attached to this Assessment Roll as Exhibits A through M are legal descriptions of Assessment Parcels A through M, respectively, as described below. The Assessment Roll for the lots and parcels within the Local Improvement District No. 3 are as follows: Phase I - Single Family Lots Parcel/Legal Description Assessment Block Lot One 1 14,500 One 2 12,300 One 3 12,900 One 4 15,100 One 5 13,100 One 6 9,900 One 7 12,800 One 8 12,800 One 9 10,600 One 10 14,000 One 11 14,200 One 12 15,200 One 13 11,000 One 14 12,300 One 15 12,700 One 16 10,700 One 17 15,600 One 18 16,500 One 19 18,000 One 20 19,600 One 21 21,300 One 22 16,600 One 23 12,900 1 Phase I - Single Family Lots Parcel/Legal Description Block Lot Assessment Two 1 7,500 Two 2 7,300 Two 3 5,600 Two 4 4,800 Two 5 4,700 Two 6 4,800 Two 7 4,900 Two 8 5,600 Two 9 6,400 Two 10 6,000 Two 11 5,800 Two 12 6,100 Two 13 5,900 Two 14 5,100 Two 15 5,500 Two 16 5,700 Two 17 6,000 Two 18 6,900 Two 19 6,500 Two 20 5,700 Two 21 5,400 Two 22 5,400 Two 23 5,500 Two 24 6,000 Two 25 6,400 Two 26 7,700 Two 27 7,500 Two 28 8,300 Two 29 5,500 Two 30 5,000 Two 31 5,100 Phase I - Single Family Lots Parcel/Legal Description Block Lot Assessment Two 32 5,500 Two 33 5,600 Two 34 5,000 Two 35 5,500 Two 36 5,600 Two 37 4,900 Two 38 5,000 Two 39 4,900 Two 40 5,400 Two 41 5,600 Two 42 6,200 Two 43 6,300 Two 44 5,800 Two 45 6,300 Two 46 6,600 Two 47 6,500 Two 48 5,700 Two 49 5,100 Two 50 8,100 Two 51 7,200 Three 1 9,300 Three 2 9,200 Three 3 11,100 Three 4 15,200 Three 5 15,200 Three 6 15,100 Three 7 15,000 Three 8 13,600 Three 9 19,000 Three 10 15,200 Three 11 13,400 Phase I - Single Family Lots Parcel/Legal Description Assessment Block Lot Three 12 12,300 Three 13 14,100 Three 14 15,100 Three 15 14,400 Three 16 13,600 Three 17 15,900 Three 18 16,000 Three 19 15,300 Three 20 13,400 Three 21 14,500 Three 22 11,500 Three 23 10,600 Three 24 13,300 Four 1 11,100 Four 2 12,200 Four 3 8,800 Four 4 12,600 Four 5 13,600 Four 6 9,500 Four 7 15,100 Four 8 13,400 Four 9 13,600 Four 10 13,900 Four 11 12,200 Four 12 11,700 Four 13 18,900 Four 14 15,300 Four 15 13,600 Four 16 13,900 Four 17 15,300 Four 18 13,300 Phase I - Single Family Lots Parcel/Legal Description Block Lot Assessment Four 19 15,600 Four 20 16,200 Four 21 16,200 Four 22 19,600 Four 23 15,000 Four 24 11,600 Four 25 11,900 Four 26 13,400 Ten 1 7,300 Ten 2 6,500 Ten 3 6,100 Ten 4 6,000 Ten 5 6,100 Ten 6 4,600 Ten 7 5,100 Ten 8 5,400 Ten 9 6,000 Ten 10 6,300 Ten 11 6,800 Ten 12 7,700 Ten 13 7,000 Ten 14 5,800 Ten 15 6,600 Ten 16 6,500 Ten 17 6,300 Ten 18 5,400 Ten 19 4,900 Ten 20 5,600 Ten 21 5,300 Ten 22 4,800 Single Family Lots - Subtotal $ 1,446,900 Phase I - High Density Parcels Parcel/Legal Description Assessment Five 85,000 Six/Seven 85,000 Eight 34,000 Eleven 109,110 High Density Parcels - Subtotal $ 313,110 Total - Phase I $ 1,760,010 Summary Parcel/Legal Description Assessment Assessment Parcels A 501,500 l3 283,900 C 438,960 D 102,000 E 302,600 F 108,800 G 123,250 II 93,500 I 338,675 J 388,275 K 280,500 L 255,000 M 223,030 Assessment Parcels - Subtotal $ 3,439,990 Total Phase I Total - Assessment Parcels A - M GRAND TOTAL 7 $ 1,760,010 3,439,990 $ 5,200,000 SCHEDULE Spring Mountain Ranch Local Improvement District No. 3 Assessment Roll Assessment parcels Parcel Le_gal Description Adjusted Current Assessment Original Assessment Parcel Assessment Balance Revised Assessment Parcels: A $ 182,870.00 $ 162,547.97 D 95, 810.00 85,166.53 E 245,360.00 218,100.00 F 0.00 0.00 G 69,070.00 61,395.56 1 343,090.00 304,968.88 J 327,330.00 259,015.00 K 352,670.00 313,483.82 L 258,330.00 229,626.66 M 225,940.00 200,835.56 Parcels without any change to Assessment: B 287,610.00 255,653.34 C 444,690.00 395,280.00 ii 94, 720.00 84,195.56 Summary: Assessment Parcels Total $ 2,927,490.00 $ 2,570,268.88 Phase 1 $ 1,760,010.00 Phase 2 225,000.00 Phase 3 287,500.00 Assessment Parcels 2,927,490.00 $ 5, 200, 000.00 EXHIBITS A THROUGH M DATE: July 7, 1993 PROJECT: 90033 PAGE: 1 of 3 EXHIBIT "A" LEGAL DESCRIPTION FOR PARCEL A SPRING MOUNTAIN RANCH PARCEL A portion of the SE % NE Y4 , the SW % NE'/4 , the NE % SEA, and the NW % SEA, of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, S.00°04146" W., 2642.48 feet along the easterly line of said Section 10 to the east % corner of same; thence, S.00°05'59" W., 1321.21 feet along said easterly line to the south 1 /16th corner in said line; thence, N.89°46'55"W., 1263.56 feet along the southerly line of the NEA SE% of said Section 10 to the POINT OF BEGINNING; thence, N.89°46'55" W., 670.00 feet along said southerly line of the NE% SE% and the southerly line of the NW'/4 SE'/o to the southeasterly corner of Spring Mountain Ranch No. 1 Subdivision; thence, N.07 °00'00"E., 252.51 feet along the easterly line of said Spring Mountain Ranch No. 1 Subdivision; thence, N.22°00'00"E., 220.50 feet along same; thence, N.47°15'00"E., 90.00 feet along same; thence, N.26°00'00"W., 196.50 feet along same to a point in a curve; thence, along said easterly said Subdivision line, along a curve to the right having a radius of 220.00 feet, an arc length of 83.51 feet, a central angle of 21 °44'58", a chord bearing of S.80°03'1 1 "W., and a chord length of 83.01 feet to a point; thence, N.00°55'40"E., 40.00 feet along the same to point in a curve; thence, along same, along a curve to the right having a radius of 30.00 feet, an arc length of 60.94 feet, a central angle of 116°23'27", a chord bearing of N.30°52'37"W., and a chord length of 50.99 feet, to a point of tangency; thence, DATE: July 7, 1993 PROJECT: 90033 PAGE: 2 of 3 N.27 ° 19'07"E., 35.94 feet along same to a point of curvature; thence, along same, along a curve to the right, having a radius of 580.00 feet, an arc length of 145.92 feet, a central angle of 14°24'53", a chord bearing of N.34°31'33"E., and a chord length of 145.53 feet to a point of tangency; thence, N.41 °44'00"E., 39.61 feet along same; thence, N.48 ° 16'00"W., 40.00 feet along same; thence, N.27°45'00"W., 115.29 feet along same to a corner in said Subdivision boundary; thence, leaving said boundary, N.12°10'56"W., 115.66 feet; thence, N.06°38'28"E., 514.49 feet; thence, N.65°50'33"E., 843.71 feet to a point in the centerline of a future street; thence, along said future street centerline, along a curve to the right having a radius of 350.00 feet, an arc length of 287.13 feet, a central angle of 47°00'14", a chord bearing of S.13 ° 18' 19" E., and a chord length of 279.15 feet to a point of tangency; thence, S.10° 11'48"W., 284.91 feet along said centerline to a point of curvature; thence, along same, along a curve to the right having a radius of 1000.00 feet, an arc length of 147.72 feet, a central angle of 08°27'49", a chord bearing of S.14°25'43"W., and a chord length of 147.58 feet to a point of tangency; thence, S.18°39'37"W., 192.47 feet along same to a point of curvature; thence, along same, along a curve to the left having a radius of 1000.00 feet, an arc length of 107.03 feet, a central angle of 06°07'57", a chord bearing of S.15°35'38"W., and a chord length of 106.98 feet to a point of tangency; thence, S.12°31'40"W., 215.13 feet along same to a point of curvature; thence, along same, along a curve to the right having a radius of 400.00 feet, an arc length of 134.20 feet, a central angle of 19°13'24", a chord bearing of S.22°08'21 "W., and a chord length of 133.57 feet to a point of tangency; thence, DATE: July 7, 1993 PROJECT: 90033 PAGE: 3 of 3 S.31 °45'03"W., 257.83 feet along same to point of curvature; thence, along same, along a curve to the left having a radius of 240.00 feet, an arc length of 496.97 feet, a central angle of 118°38'37", a chord bearing of S.27°34'15"E., and chord length of 412.82 feet to a point; thence, leaving said future centerline, 5.03°06'26"W., 145.08 feet, to the POINT OF BEGINNING. Said parcel A containing 27.67 acres, more or less. EXHIBIT "B" LEGAL DESCRIPTION OF PARCEL B SPRING MOUNTAIN RANCH PARCEL A portion of the SE% NE'/4, the NE'/4 SEA, and the NW% SE% of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, S.00°04'46"W., 2642.48 feet along the easterly line of said Section 10 to the east 1/4 corner of same; thence, S.00°05'59"W., 1321.21 feet along said easterly line to the south 1/16th corner of said line; thence, N.89°46155"W., 752.99 feet along the southerly line of the NE% SEA of said Section 10 to the POINT OF BEGINNING; thence, N.89°46'55"W., 510.57 feet along the southerly line of said NEA SEA, Section 10, to a point; thence, N.03°06'26"E., 145.08 feet to a point in a curve in the centerline of a future street; thence, along said future street centerline, along a curve to the right having a radius of 240.00 feet, an arc length of 496.97 feet, a central angle of 118°38'37", a chord bearing of N.27 ° 34' 15 "W., and a chord length of 412.82 feet to a point of tangency; thence, N.31 °45'03"E., 257.83 feet along said future centerline to a point of curvature; thence, along same, along a curve to the left having a radius of 400.00 feet, an arc length of 134.20 feet, a central angle of 19°13'24", a chord bearing of N.22°08'21 "E., and chord length of 133.57 feet to a point of tangency; thence, N.12°31'40"E., 215.13 feet along same to a point curvature; thence, along same, along a curve to the right having a radius of 1000.00 feet, an arc length of 107.03 feet, a central angle of 06°07'57", a chord bearing of N.15°35'38"E., and a chord length of 106.98 feet to point of tangency; thence, N.18°39'37"E., 192.47 feet along same to a point of curvature; thence, along same, along a curve to the left having a radius of 1000.00 feet, an arc length DATE: July 7, 1993 PROJECT: 90033 PAGE: 2 of 2 of 147.72 feet, a central angle of 08 ° 27'49", a chord bearing of N.14° 25'43"E., and a chord length of 147.58 feet to a point of tangency; thence, N.10 ° 11'448"E., 118.61 feet along said future street centerline to a point; thence, leaving said future street centerline, N.89°53'56"E., 467.85 feet; thence, S.09°31'53"W., 748.28 feet; thence, S.06 ° 57'36"E., 350.99 feet along the northerly extension of a future street centerline and along said future centerline to a point of curvature; thence, along said centerline, along a curve to the right having a radius of 400.00 feet, an arc length of 117.01 feet, a central angle of 16°45'37", a chord bearing of S.01 ° 25' 12"W., and chord length of 116.59 feet to a point of tangency; thence, S.09°48'01 "W., 414.75 feet along said future street centerline and along said centerline extended southerly to the POINT OF BEGINNING. Said Parcel B containing 21.78 acres, more or less. DATE: July 7, 1993 PROJECT: 90033 PAGE: 1 of 2 EXHIBIT "C" LEGAL DESCRIPTION FOR PARCEL C SPRING MOUNTAIN RANCH PARCEL A portion of the SE% NE% and the NE% SE%, Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the NE% of said Section 10; thence, S.00°04'46"W., 1612.64 feet along the easterly line of said Section 10 to the POINT OF BEGINNING; thence, S.00°04'46"W., 1029.85 feet along said easterly said section line to the east %4 corner of said Section 10; thence, S.00°05'59"W., 1321.21 feet along said easterly line to the south 1 /16 corner of said line; thence, N.89°46'55"W., 752.99 feet along the southerly line of the NE% SE3/4, of said Section 10; thence,. N.09 °48'01 "E., 414.75 feet along the southerly extension of future street centerline and along said future centerline to a point of curvature; thence, along said future centerline, along a curve to the left having a radius of 400.00 feet, an arc length of 117.01 feet and a central angle of 16°45'37" to a point of tangency; thence, N.06°57'36"W., 350.99 feet along said future centerline and the northerly extension of the same; thence, N.09°31'53"E., 748.28 feet; thence, S.89°53'56"E., 160.01 feet to a point in a curve in the future street centerline; thence, along said future centerline, along a curve to the right having a radius of 1000.00 feet, an arc length of 122.67 feet, a central angle of 07°01'43", a chord bearing of N.10° 17'45"E., and a chord length of 122.60 feet to a point of tangency; thence, N.13°48'36"E., 545.62 feet along same to a point in curvature; thence, DATE: July 7, 1993 PROJECT 90033 PAGE: 2 of 2 along same, along curve to the left having a radius of 300.00 feet, an arc length of 58.93 feet, and a central angle of 1 1 ° 15' 16" to a point of tangency; thence, N.02 ° 33' 20"E., 28.05 feet along said centerline to a point; thence, leaving said future street centerline, S.89 ° 54' 50"E., 280.06 feet to the POINT OF BEGINNING. Said Parcel C containing 31.48 acres, more or less. DATE: July 7, 1993 PROJECT: 90033 PAGE: 1 of 1 EXHIBIT "D" LEGAL DESCRIPTION OF PARCEL D SPRING MOUNTAIN RANCH PARCEL A portion of the SE% NE% of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, S.00°04'46"W., 1612.64 feet along the easterly line of said Section 10 to a point; thence, N.89°54'50"W., 280.06 feet to the POINT OF BEGINNING; thence, S.02 ° 33'20"W., 28.05 feet along the centerline of a future street to a point of curvature; thence, along said centerline, along a curve to the right having a radius of 300.00 feet, an arc length of 58.93 feet, and a central angle of 1 1 ° 1 5' 16" to a point of tangency; thence, S.13°48'36"W., 545.61 feet along said centerline to a point of curvature; thence, along same, along a curve to the left having a radius of 1000.00 feet, an arc length of 122.67 feet, a central angle of 07°01'43" to a point; thence, leaving said future centerline N.89°53'56"W., 627.86 feet to a point in the centerline of a future street; thence, N.10°11'48"E., 166.30 feet along said future centerline to a point of curvature; thence, along same, along a curve to the left having a radius of 350.00 feet, an arc length of 287.13 feet, and a central angle of 47 °00' 14" to a point; thence, leaving said future centerline, N.65°50'33"E., 200.00 feet; thence, N.26°03'00"E., 400.00 feet; thence, S.62°31'24"E., 300.00 feet; thence, S.89°54'50"E., 200.13 feet to the POINT OF BEGINNING. Said Parcel D containing 11.27 acres, more or less. EXHIBIT "E"' , c)l 3 DESCRIPTION OF PARCEL E SPRING MOUNTAIN RANCH PARCEL A portion of SE% NE%, the SW% NE%, and the SEA NW%, of Section 10 T.18N., R.3E., B.M., Valley, County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, S.00°04'46"W., 1162.64 feet along the easterly line of said Section 10; thence, N.89 ° 54' 50"W., 480.19 feet; thence, N.62°31'24"W., 300.00 feet; thence, S.26°03'00"W., 400.00 feet; thence, S.65°50'33"W., 200.00 feet to the POINT OF BEGINNING; thence, S.65 ° 50' 33"W., 843.71 feet; thence, N.15°25'48"W., 129.72 feet; thence, S.74° 17'07"W., 376.45_ feet; thence, N.78°16'55"W., 877.38 feet to a point in the centerline in a future street; thence, N.23°50'26"E., 185.61 feet along said proposed centerline to a point of curvature; thence, along same, along a curve to the right having a radius of 500.00 feet, an arc length of 273.96 feet, and a central angle of 31 °23'38"; thence, leaving said proposed centerline S.85 ° 15'43"E., 474.49 feet; thence, N.80°12'23"E., 280.00 feet; thence, S.84°56'42"E., 520.00 feet; thence, S.61 °19'38"E., 63.85 feet; thence, N.42°57'55"E., 110.00 feet to a point in the centerline of a future street; thence, along said centerline, along a curve to the left having a radius of 500.00 feet, an arc length of 1 69.69 feet, a central angle of 1 9°26'42", a chord bearing of DATE: July 7, 1993 PROJECT 90033 PAGE: 2 of 2 N.29°44'59"E., and a chord length of 102.95 feet to a point of tangency; thence, S.66°28'47"E., 107.98 feet along same to a point of curvature; thence, along same, along curve to the right having a radius of 350.00 feet, an arc length of 181.26 feet, and a central angle of 29°40'21 " to the POINT OF BEGINNING. Said Parcel E containing 18.69 acres, more or less. EXHIBIT "F" LEGAL DESCRIPTION OF PARCEL F SPRING MOUNTAIN RANCH PARCEL A portion of the SW % NE A, the NW A NE % and the SE % NW % of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, N.89°56'39"W., 1544.41 feet along the northerly of said Section 10 to a point in the centerline of a future street; thence, along said centerline, along a curve to the right having a radius of 800.00 feet, an arc length of 80.57 feet, a central angle of 05 ° 46' 1 4", a chord bearing of S.13 ° 04'00"E., and a chord length of 80.54 feet to a point of reverse curvature; thence, along same, along a curve to the left having a radius of 750.00 feet, an arc length of 233.09 feet, and a central angle of 1 7°48'23" to a point of reverse curvature; thence, along same, along a curve to the right having a radius of 700.00 feet, an arc length of 1097.81 feet, and a central angle of 89°51'24" to the POINT OF BEGINNING; thence, S.26 ° 59'58"E., 321.86 feet along the centerline of a future street to a point of curvature; thence, along said future centerline, along a curve to the left having a radius of 500.00 feet, an arc length of 174.84 feet, a central angle of 20°02'07"; thence, leaving said future street centerline, 5.42°57'55"W., 110.00 feet; thence, N.61 ° 19'38"W., 63.85 feet; thence, N.84°56'42"W., 520.00 feet; thence, S.80° 12'23"W., 280.00 feet; thence, N.85°15'43"W., 474.49 feet to a point in the centerline of a future street; thence, along said future street centerline, along a curve to the right having a radius of 500.00 feet, an arc length of 64.68 feet, a central angle of 07 ° 24'42", a chord bearing of N.58°56'25"E., and a chord length of 64.64 feet to a point of tangency; thence, DATE: July 7, 1993 PROJECT: 90033 PAGE: 2 of 2 N.62°38'46"E., 397.19 feet along same to a point of curvature; thence, along same, along a curve to the right having a radius of 1290.00 feet, an arc length of 416.14 feet, and central angle of 18°28'59" to a point of tangency; thence, N.81 °07'45"E., 124.34 feet along same to a point of curvature; thence, along same, along a curve to the left having a radius of 700.00 feet, an arc length of 235.31 feet, and a central angle of 19°15'37" to the POINT OF BEGINNING. Said Parcel F containing 8.44 acres, more or less. DATE: July 7, 1993 PROJECT: 90033 PAGE: 1 of 1 EXHIBIT "G" LEGAL DESCRIPTION OF PARCEL G SPRING MOUNTAIN RANCH PARCEL A portion of the NE% NE%a, the SE% NE%, the SW% NEA, and the NW% NE%, of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, 5.00°04'46"W., 450.00 feet along the easterly line of said Section 10; thence, 5.54°37'30"W., 880.35 feet to the POINT OF BEGINNING; thence, 5.15°23'49"E., 300.00 feet; thence, 5.26°03'00"W., 650.00 feet; thence, 5.65°50'33"W., 200.00 feet to a point in the centerline of a future street; thence, along said centerline, along a curve to the left having a radius of 350.00 feet, an arc length of 181.26 feet, a central angle of 29°40'21 ", a chord length bearing of N.51 °38'37"W., and a chord length of 179.24 feet to a point of tangency; thence, N.66 ° 28'47 "W., 107.98 feet along said centerline to a point of curvature; thence, along same, along a curve to the right having a radius of 500.00 feet, an arc length of 344.53 feet, a central angle of 39 ° 28'49" to a point of tangency; thence, N.26°59'58"W., 321.86 feet to a point of intersection of said future street centerline with another future street centerline; thence, along said future street centerline, along a curve to the left having a radius of 700.00 feet, an arc length of 688.56 feet, a central angle of 56°21'33", a chord bearing of N. 33°41122"E., and a chord length of 661.13 feet; thence, leaving said centerline N.78°40'33"E., 326.66 feet; thence, 5.45°05'59"E., 470.00 feet to the POINT OF BEGINNING. Said Parcel G containing 20.12 acres, more or less. DATE: July 7, 1993 PROJECT: 90033 PAGE: 1 of 1 EXHIBIT "H" LEGAL DESCRIPTION FOR PARCEL H SPRING MOUNTAIN RANCH PARCEL A portion of the NE% NE% and the SE% NE% of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, S.0°04'46" W., 450.00 feet along the easterly line of said Section 10 to the POINT OF BEGINNING; thence, continuing S.0°04'46" W., 1162.64 feet along the easterly line of said Section 10; thence, N.89°54150" W., 480.19 feet; thence, N.62°31'24" W., 300.00 feet; thence, N.26°03'00" E., 250.00 feet; thence, N.15°23'49" W., 300.00 feet, thence, N.54°37'30" E., 880.35 feet to the POINT OF BEGINNING. Said Parcel H contains 14.21 acres more or less. DATE: July 7, 1993 PROJECT 90033 PAGE: 1 of 1 EXHIBIT "I" LEGAL DESCRIPTION FOR PARCEL 1 SPRING MOUNTAIN RANCH PARCEL A portion of the NE% NE% and the NW% NE% of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: BEGINNING at the northeast corner of said Section 10; thence, S.00°04'46" W., 450.00 feet along the easterly line of said Section 10; thence, S.54°37'30" W., 880.35 feet; thence, N.45°05'59" W., 470.00 feet; thence, S.78°40'33" W., 326.66 feet to the centerline of a future street; thence, along the centerline of said future street and along a curve to the left having a radius of 700.00 feet, an arc length of 409.25 feet, a central angle of 33 ° 29' 51 ", a chord bearing of N.11 ° 14'20" W., and a chord length of 403.45 feet to a point of reverse curvature; thence, along the centerline of said future street and along a curve to the right having a radius of 750.00 feet, an arc length of 233.09 feet, and a central angle of 17°48'23" to a point of reverse curvature; thence, along the centerline of said future street and along a curve to the left having a radius of 800.00 feet, an arc length of 80.57 feet and a central angle of 5 °46' 14" to the northerly line of said Section 10; thence, S.89°56'39" E., 1544.41 feet along the northerly line of said Section 10 to the POINT OF BEGINNING. Said Parcel I contains 23.64 acres more or less. DATE: July 7, 1993 PROJECT: 90033 PAGE: 1 of 2 EXHIBIT "J" LEGAL DESCRIPTION OF PARCEL J SPRING MOUNTAIN RANCH PARCEL A portion of the SWA NE'/4, the NW'/4 NE'/4, the NE% NW'/4 and the SE% NW'/<, of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, S.89°56'39"W., 1544.41 feet along the northerly line of said Section 10 to a point in the centerline of a future street; thence, along said future street centerline, along a curve to the right having a radius of 800.00 feet, an arc length of 80.57 feet, a central angle of 05°46'14", a chord bearing of S.13°04'00"E., and a chord length of 80.54 feet to a point of reverse curvature; thence, along same, along curve to the left having a radius of 750.00 feet, an arc length of 233.08 feet, a central angle of 17°48'23", a chord bearing of S.19°05'04"E., and a chord length of 232.15 feet to a point of reverse curvature; thence, along same, along a curve to the right having a radius of 700.00 feet, an arc length of 553.39 feet, a central angle of 51 °56'29", a chord bearing of S.05°05'18"E., and a chord length of 553.39 feet to the POINT OF BEGINNING; thence, continuing along said future street centerline, along a curve to the right having a radius of 700.00 feet, an arc length of 773.58 feet, a central angle of 63° 19'05", a chord bearing of S.49 ° 28' 12"W., and a chord length of 734.81 feet to a point of tangency; thence, S.81 °07'45"W., 124.34 feet along same to point of curvature; thence, along same, along a curve to the left having a radius of 1290.00 feet, an arc length of 416.14 feet, a central angle of 18°28'59" to a point of tangency; thence, S.62°38'46"W., 397.19 feet along same to point of curvature; thence, along same, along a curve to the left having a radius of 500.00 feet, an arc length of 235.51 feet, and a central angle 26 ° 59' 15" to a point; thence, leaving said future street centerline, N.35°51'38"W., 587.94 feet; thence, DATE: July 7, 1993 PROJECT: 90033 PAGE: 2 of 2 N.89 ° 50' 10"W., 351.96 feet; thence, N.26°38'44"E., 386.91 feet; thence, S.80°00'00"E., 662.04 feet; thence, N.70°30'56"E., 637.97 feet; thence, N.87°24'53"E., 874.79 feet to the POINT OF BEGINNING. Said Parcel J containing 22.99 acres, more or less. DATE: July 7, 1993 PROJECT 90033 PAGE: 1 of 2 EXHIBIT "K" LEGAL DESCRIPTION OF PARCEL K SPRING MOUNTAIN RANCH PARCEL A portion of the NW% NE%, and the NE% NW%, of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence, N.89 ° 56'39"W., 1544.41 feet, along the northerly line of said Section 10 to a point in the centerline of a future street; thence along said future street centerline, along a curve to the right having a radius of 800.00 feet, an arc length of 80.57 feet, a central angle of 05 ° 46' 14", a chord bearing of S.13 °04'00"E., and a chord length of 80.54 feet to a point of reverse curvature; thence, along same, along a curve to the left having a radius of 750.00 feet, an arc length of 233.08 feet, a central angle of 17°48'23", a chord bearing of S.19°05'04"E., and a chord length 232.15 feet to a point of reverse curvature; thence, along same, along a curve to the right having a radius of 700.00 feet, an arc length of 142.50 feet, a central angle of 1 1 °39'50", a chord bearing of S.22°09'20"E., and a chord length of 142.26 feet to the POINT OF BEGINNING; thence, continuing along said future street centerline, along a curve to the right having a radius of 700.00 feet, an arc length of 417.03 feet, a central angle of 34°08'06", a chord bearing of S.00°44'37"W., and a chord length of 410.89 feet; thence, leaving said future street centerline, S.87°24153"W., 874.79 feet; thence, S.70 ° 30' 56"W., 637.97 feet; thence, N.80°00'00"W., 662.04 feet; thence, N.26°38'44"E., 330.00 feet; thence, N.43°46'30"E., 452.90 feet; thence, S.89°06'58"E., 580.80 feet; thence, DATE: July 7, 1993 PROJECT 90033 PAGE: 2 of 2 S.78°48'30"E., 558.90 feet; thence, N.85°24'09"E., 544.08 feet to the POINT OF BEGINNING. Said Parcel K containing 24.39 acres, more or less. DATE.: July 7, 1993 PROJECT 90033 PAGE: 1 of 1 EXHIBIT "L" LEGAL DESCRIPTION FOR PARCEL L SPRING MOUNTAIN RANCH PARCEL A portion of the NE % NE %, the NW % NE%, and the NW % NE % of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence N.89°56'39" W., 1544.41 feet along the northerly line of said Section 10 to the centerline of a future street, and the POINT OF BEGINNING; thence, along the centerline of said future street and along a curve to the right having a radius of 800.00 feet, an arc length of 80.57 feet, a central angle of 5 ° 46' 14", a chord bearing of S.13°04'00" E., and a chord length of 80.54 feet to a point of reverse curvature; thence, along the centerline of said future street and along a curve to the left having a radius of 750.00 feet, an arc length of 233.09 feet, and a central angle of 17°48'23" to a point of reverse curvature; thence, along the centerline of said future street and along a curve to the right having a radius of 700.00 feet, an arc length of 142.50 feet, and a central angle of 1 1 °39'51 "; thence, S.85 ° 24109" W., 544.08 feet; thence, N.78°48'30" W., 558.90 feet; thence, N.89°06'58" W., 580.80 feet; thence, N.41 °01'44" W., 477.47 feet to the northerly line of said Section 10; thence, S.89°44'35" E., 749.96 feet along the northerly line of said Section 10, to the north % corner of said Section 10; thence, S.89°56'39" E., 1087.04 feet along the northerly line of said Section 20 to the POINT OF BEGINNING. Said Parcel L contains 16.21 acres, more or less. DATE: July 7, 1993 PROJECT: 90033 PAGE: 1 of 1 EXHIBIT "M" LEGAL DESCRIPTION FOR PARCEL M SPRING MOUNTAIN RANCH PARCEL A portion of the NE% NE% and the NW% NE% of Section 10, T.18N., R.3E., B.M., Valley County, Idaho being described as follows: Commencing at the northeast corner of said Section 10; thence N.89°56'39" W., 2631.46 feet to the north % corner of said Section 10; thence N.89°44'35" W., 749.96 feet along the northerly line of said Section 10 to the POINT OF BEGINNING; thence, S.41 °01'44" E., 477.47 feet; thence, S.43°46'30" W., 452.90 feet; thence, N.36° 18'00"W., 169.78 feet to a 5/8 inch iron pin; thence, continuing N.36°18;00" W., 228.98 feet to a 5/8 inch iron pin; thence, N.90°00/00" W., 335.00 feet to a 5/8 inch iron pin in the westerly line of said NE% NW % of Section 10; thence, N.00°09'08 E.,.368.40 feet along the westerly line of said NE% NW% to the north line of said Section 10; thence, S.89 ° 44'35" E., 570.00 feet along the northerly line of said Section 10 to the POINT OF BEGINNING. Said Parcel M contains 8.15 acres more or less. Aspen Ridge Subdivision Local Improvement District No. 3 Assessment Roll for Parcels A, B, C, D, and H Reallocation to Aspen Ridge Subdivision, Phase 2 Parcels A, B, C, D, and H are being reallocated to the Aspen Ridge Subdivision -Phase 2 lots as described below Assessment Parcel Adjusted Original Assessment Current Assessment Balance' A $182,870.00 $98,138.90 B $287,610.00 $154,348.24 C $444,690.00 $238,646.50 D $95,810.00 $32,960.11 H $94,720.00 $22,680.27 orals $546,774.02 Phase 2 (Aspen Ridge) - Single Family Lots Parcel Legal Description Phase Lot Assessment Sale Allocation Value * 1999 Amended Assessment less applied principal. 2 1 $3,525.16 $80,000.00 2 2 $3,745.48 $85,000.00 2 3 $3,613.29 $82,000.00 2 4 $5,618.22 $127,500.00 2 5 $5,948.70 $135,000.00 2 6 $6,829.99 $155,000.00 2 7 $8,592.57 $195,000.00 2 8 $8,901.02 $202,000.00 2 9 $9,914.51 $225,000.00 2 11 $6,058.87 $137,500.00 2 12 $5,067.41 $115,000.00 2 13 $6,036.83 $137,000.00 2 14 $5,508.06 $125,000.00 2 15 $6,169.03 $140,000.00 2 16 $5,728.38 $130,000.00 2 17 $7,270.64 $165,000.00 2 18 $6,829.99 $155,000.00 2 19 $6,565.61 $149,000.00 2 20 $7,050.32 $160,000.00 2 21 $5,243.67 $119,000.00 2 23 $5,684.32 $129,000.00 2 24 $6,169.03 $140,000.00 2 25 $5,508.06 $125,000.00 2 26 $10,795.80 $245,000.00 2 27 $12,117.73 $275,000.00 2 28 $13,659.99 $310,000.00 2 29 $14,100.63 $320,000.00 2 30 $14,981.92 $340,000.00 2 31 $14,320.95 $325,000.00 2 32 $14,541.28 $330,000.00 2 33 $12,338.05 $280,000.00 2 34 $9,694.18 $220,000.00 Exhibit C 2 35 $9,694.18 $220,000.00 Page 1 of 2 2 36 $6,169.03 $140,000.00 2 37 $11,016.12 $250,000.00 2 38 $10,575.47 $240,000.00 2 39 $6,609.67 $150,000.00 2 40 $5,728.38 $130,000.00 2 43 $5,287.74 $120,000.00 2 44 $4,296.29 $97,500.00 2 45 $5,287.74 $120,000.00 2 46 $5,067.41 $115,000.00 2 47 $4,296.29 $97,500.00 2 48 $5,287.74 $120,000.00 2 49 $6,169.03 $140,000.00 2 50 $7,270.64 $165,000.00 2 51 $6,829.99 $155,000.00 2 52 $7,270.64 $165,000.00 2 53 $6,609.67 $150,000.00 2 54 $5,728.38 $130,000.00 2 55 $6,609.67 $150,000.00 2 56 $7,931.61 $180,000.00 2 57 $6,389.35 $145,000.00 2 58 $6,169.03 $140,000.00 2 59 $4,847.09 $110,000.00 2 60 $4,626.77 $105,000.00 2 61 $5,155.54 $117,000.00 2 62 $5,948.70 $135,000.00 2 63 $2,776.06 $63,000.00 2 64 $2,643.87 $60,000.00 2 65 $3,084.51 $70,000.00 2 66 $2,974.35 $67,500.00 2 67 $3,084.51 $70,000.00 2 68 $2,864.19 $65,000.00 2 69 $5,419.93 $123,000.00 2 70 $5,728.38 $130,000.00 2 71 $5,508.06 $125,000.00 2 72 $5,287.74 $120,000.00 2 73 $5,067.41 $115,000.00 2 74 $4,758.96 $108,000.00 2 75 $5,508.06 $125,000.00 2 76 $4,494.58 $102,000.00 2 77 $3,745.48 $85,000.00 2 78 $4,626.77 $105,000.00 2 79 $4,670.83 $106,000.00 2 80 $4,252.22 $96,500.00 2 81 $4,075.96 $92,500.00 2 82 $3,899.71 $88,500.00 2 83 $3,899.71 $88,500.00 2 84 $3,877.67 $88,000.00 2 85 $3,855.64 $87,500.00 2 86 $3,833.61 $87,000.00 2 87 $3,613.29 $82,000.00 2 88 $3,459.06 $78,500.00 2 89 $3,415.00 $77,500.00 2 90 $3,635.32 $82,500.00 2 91 $3,525.16 $80,000.00 2 92 $4,186.12 $95,000.00 $546,774.02 $12,408,500.00 Exhibit C Page 2 of 2 Aspen Ridge Local Improvement District No. 3 Assessment Roll Assessment Parcels Parcel Legal Description Assessment Parcel A (Exhibit E) B (Exhibit E) C (Exhibit E) D (Exhibit E) H (Exhibit E) Adjusted Original Assessment Current Assessment Revised Balance * Assessment $182,870.00 $287,610.00 $444, 690.00 $95,810.00 $94,720.00 Aspen Ridge Subdivision No. 2-Segregated Assessment Parcels: Phase 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 Lot 1 2 3 4 5 6 7 8 9 11 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 43 44 45 46 $98,138.90 $154,348.24 $238,646.50 $32,960.11 $22,680.27 $0.00 $0.00 $0.00 $0.00 $0.00 $3, 525.16 $3,745.48 $3,613.29 $5, 618.22 $5,948.70 $6, 829.99 $8, 592.57 $8,901.02 $9,914.51 $6,058.87 $5,067.41 $6,036.83 $5, 508.06 $6,169.03 $5,728.38 $7,270.64 $6,829.99 $6,565.61 $7, 050.32 $5,243.67 $5,684.32 $6,169.03 $5,508.06 $10, 795.80 $12,117.73 $13,659.99 $14,100.63 $14, 981.92 $14, 320.95 $14,541.28 $12,338.05 $9,694.18 $9, 694.18 $6,169.03 $11,016.12 $10, 575.47 $6, 609.67 $5,728.38 $5,287.74 $4,296.29 $5,287.74 $5,067.41 * 1999 Amended Assessment less applied principal. Exhibit D Page 1 of 3 2 47 $4,296.29 2 48 $5,287.74 2 49 $6,169.03 2 50 $7,270.64 2 51 $6,829.99 2 52 $7,270.64 2 53 $6,609.67 2 54 $5,728.38 2 55 $6,609.67 2 56 $7,931.61 2 57 $6,389.35 2 58 $6,169.03 2 59 $4,847.09 2 60 $4,626.77 2 61 $5,155.54 2 62 $5,948.70 2 63 $2,776.06 2 64 $2,643.87 2 65 $3,084.51 2 66 $2,974.35 2 67 $3,084.51 2 68 $2,864.19 2 69 $5,419.93 2 70 $5,728.38 2 71 $5,508.06 2 72 $5,287.74 2 73 $5,067.41 2 74 $4,758.96 2 75 $5,508.06 2 76 $4,494.58 2 77 $3,745.48 2 78 $4,626.77 2 79 $4,670.83 2 80 $4,252.22 2 81 $4,075.96 2 82 $3,899.71 2 83 $3,899.71 2 84 $3,877.67 2 85 $3,855.64 2 86 $3,833.61 2 87 $3,613.29 2 88 $3,459.06 2 89 $3,415.00 2 90 $3,635.32 2 91 $3,525.16 2 92 $4,186.12 $546,774.02 Parcels without any change to assessment: Parcel E $245,360.00 $0.00 F $0.00 $0.00 $0.00 $0.00 G $69,070.00 $11,541.97 $11,541.97 $343,090.00 $180,351.72 $180,351.72 $327,330.00 $0.00 $0.00 K $352,670.00 $0.00 $0.00 $258,330.00 $0.00 $0.00 M $225,940.00 $0.00 $0.00 $2,927,490.00 $738,667.71 $738,667.71 Exhibit D Page 2 of 3 Summary: Spring Mountain Ranch -Phase 1 Spring Mountain Ranch -Phase 2 Spring Mountain Ranch -Phase 3 Spring Mountain Ranch -Phase 4 Aspen Ridge -Phase 1 Aspen Ridge -Phase 2 Parcels $1,760,010 $225,000 $287,500 $327,330 $141,439 $1,018,849 $1,439,872 $ 5,200,000 Exhibit D Page 3 of 3