HomeMy WebLinkAboutRIVERSIDE THIRD REPLAT - Filed OA-OTHER AGREEMENTS - 2004-02-04AGREEMENT
THIS AGREEMENT is made and entered into this _ day
of March, A.D. 1977, by and between THE CITY OF FORT COLLINS,
COLORADO, a municipal corporation, hereinafter sometimes
designated as the "City", and ROBERT N. HUMPHREY and MAURICE
L. DEINES, hereinafter sometimes designated as "Owners",
WITNESSETH:
WHEREAS, Owners are the owners of property described as
follows:
Replat of the Riverside Subdivision, Third Filing, in
the City of Fort Collins, Colorado;
,,nd
WHEREAS, such property abuts on Riverside Avenue in the
City of Fort Collins; and
WHEREAS, the City has improved Riverside Avenue adjoining
this property with curb, gutter, asphalt pavement and street
lighting; and
WHEREAS, such improvements were accomplished in Street
Improvement District No. 69 of the City of Fort Collins; and
WHEREAS, the total cost of such improvements to he paid
by the Owners as the owners of property adjoining Riverside
Avenue on account of the work in such district is Twenty
Seven Thousand Seven Hundred Sixty Seven Dollars and Ten
Cents ($27,767.10); and
WHEREAS, because of the limitation on assessments
contained in Section 16-20 of the City's ordinances pertaining
to special improvement districts, the entire amount to be
;)aid by the property owner was not assessed but only the sum
of Eight Thousand Nine Hundred Sixty Six Dollars and Sixty
Six Cents ($8,966.66) was assessed on the assessment roll
for such improvement district; and
WHEREAS, Section 16-20.1 of the City ordinances relating
to special improvement districts provides that no improvements
may be constructed on any parcel of land until the full
share of the adjoining property owner payable on account of
improvements installed in a special improvement district is
raid or assessed; and
WHEREAS, the parties desire to provide for the payment
by the property owner of the additional Eighteen Thousand
Eight Hundred Dollars and Forty Four Cents ($18,800.44)
which is owing on account of the improvements in said District
No. 69.
NOW, THEREFORE, it is agreed by and between the parties
hereto as follows:
1. The Owners acknowledge that the sum of Eighteen
Thousand Eight Hundred Dollars and Forty Four Cents ($18,800.44)
which was part of the Owners' share of the improvements
above referred to was not assessed and will be collected by
the City in accordance with the ordinance referenced above.
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2. The parties agree that such amount shall be collected
on the basis of $12.9701 per adjacent front foot abutting
Riverside Avenue.
3. Any amount payable pursuant to this agreement shall
be paid at the time a building permit is taken from the City
for any property to be improved with building improvements.
4. Until such time as a building permit is requested
for any parcel of the subject property, no amount shall be
payable hereunder.
IN WITNESS WBEREOF, the parties hereto have signed this
agreement the day and year first hereinabove written.
ATTEST:
City Clerk
THE CITY OF FORT COLLINS,
COLORADO
ROBERT N. HUMPHREY
MAURICE L. DEINES
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