HomeMy WebLinkAboutUNIVERSITY ACRES - Filed OA-OTHER AGREEMENTS - 2004-03-08MEMORANDUM OF AGREEMENT
THIS MEMORANDUM OF AGREEMENT, made and entered into this 20th day
of August, A.D. 1964, by and between the City of Fort Collins, a municipal
corporation, hereinafter designated as City, and University Acres, Inc., a
Colorado corporation, hereinafter designated as Owner, WITNESSETH:
WHEREAS, heretofore curb, gutter, and sidewalk were installed in the
800 and 900 blocks of East Elizabeth Street, Fort Collins, Colorado, by Owner,
and
WHEREAS, said installation was made in accordance with a grade
which appears too high in relation to properties on the north side of Elizabeth
Street, and
WHEREAS, it is necessary that said curb, gutter, and sidewalk be
removed and new curb, gutter, and sidewalk installed in accordance with a
correct grade, and
WHEREAS, it is necessary to construct a twelve -inch (12") storm
sewer from Elizabeth Street south to the intersection of Garfield and Green
Streets to connect to the existing storm sewer in Garfield Street, and
WHEREAS, the parties hereto have agreed upon the sharing of the cost
of the removal of the curb, gutter, and sidewalk originally installed, the
replacement of such curb, gutter, and sidewalk in accordance with a new grade
to be established by the City Engineer and the construction of said twelve -
inch (12") storm sewer.
NOW, THEREFORE, in consideration of the premises and the terms of this
agreement, it is mutually agreed as follows:
1. The removal of the existing curb, gutter, and sidewalk shall be
done by City.
2. The City Engineer shall establish the new lower grade for the
curb, gutter, and sidewalk to replace that which is removedo and the new curb,
gutter, and sidewalk shall be installed by Owner.
3. The twelve -inch (12") storm sewer above mentioned shall be
installed by Owner in accordance with grades established by the City Engineer.
4. Each of the parties hereto shall pay one-half ('2) of the total
cost of the above: mentioned projects, which said total cost and settlement
therefor shall be made immediately upon completion of said projects.
IN WITNESS WHEREOF, City has caused its corporate name to be
hereunto subscribed by its Mayor and its corporate seal affixed, attested by
its City Clerk pursuant to resolution adopted by the City Council of the City
of Fort Collins on the day of August, 1964, and Owner has caused
its corporate name to be hereunto subscribed by its President and its
corporate seal to be hereunto affixed by its Secretary the day and year
first hereinabove written.
THE CITY OF FORT COLLINS
Mayor
ATTEST:
City Clerk First Partv
UNIVERSITY ACRES, INC.
BY: za, �C 41
President
ATTEST:
Secretary Second Party
^J",i OC Au ,rF "�nIT
MADE AND EfITENED INTO THIS DAY OF .�.-�'., �JJ y Y
.,>D DE'-A,EEN TP�E G'TY OF FORT COLLIPdS, .. MUNtc1P:.L c7RPoeATIDN, HEI,f i I
DESIGNATED AS FIRST rgRTY, ..:ID
HEREINAFTER DESIGNATED AS SECOND PARTY, 6) I T':G_i'> EI u:
,rti'c'-ME'IS , SECCI,D f'.PTY ,AS HERETOFORE SUBId.I TT ED A SU3DI VISI ON FLAT JF
TlIF- 4Ui'DI V I S I CN TO ,.E KNOAV;< AS U,aI„F_2 SrT' /%c¢g9 FIQST SumD1VI5.*104
FOR A.PlP3V,,L 3Y THE ',',UNICIPAL PLANNING AND /CNI'G BOARD
TIIF CITY COUNCIL OF T,L CITY OF FORT CO LL1NS, AMID
,.'.'E�'!-.13, 'AID SU RD I I ON L A T IS ACCEPTACLE TO FIRST PARTY ,.ND FIRST
P.l i--Y'S PIANN1'. ., AND Z0.'1N -DCARD, SUBJECT TO C I N S'RU CTI ON OF UTILITIES
IN -I'PE .._EA TC SE 5U-1DI VIDFD,
'" IN CO - ATI c:„ ,'�, �-F _C'�.F, __ OF THE Pii F✓ISES A'JD THE TC'-16'S OF THIS
.?ILEMENT, IT IS "UT —AL �R'EED F0LLO't15:
I. FIRST PA1,TY A.G L E3 THC, 5 ID 3URDIV17,1 PL:T S11ALL , , _ y
J ME 15 1ERE' Y ,1PPROVED.
r. IN r A, —,I I RAT I CN OF THE A PPPO'/AL OF SAID L 1, 7 FY FI:,,T TY, A',0
F I RST rA -Y 1 ; P[. ',N, I C ZCN ,G _ DA FPD, SEC O D ,, aTY 6REt„ F I ,
( : ' :(' SURPP1- TO FIF.ST .A,,, Y THE FOL._ONING DEI:LILTD ,MPR'VE' ,y'..
.. .l. E;'T;; 9LE TO TIE F1':,T PAPTY:
(I) A PLAN OF THE PROPOSED WATER DI STRI uCT I ON SYSTEIv' INCLUDING THE
, -
I,I,I1^„ CATER DI STR 13 JT 10'J SYSTE;; AIID S'II';iNG ALL VALYE5 ..rJD FIFE
'IY DI,,, NT S.
._) PLANS AND PEGPILES OF THE PPOPOS ED SANI T4RY SEIY F_3 SYSTFM
INCI IN:, ALL C'ANHOLFS ,:ND CONNECTI CN5 TO THE FIRS' P`.R TY,5 EXIST1rdA
FY SEWER SYSTEr.
(7 it PLF.N OF THE PROPOSED ELECTHIC,.L DISTRID 'JTIOJ SYSTE^l IN—
GLUDI%II GI N`J ECTI NG LI VE3 T4= FIRST fl,FTY"S EXI_TIf;G LLLCIt.CAI-
CI STRIi�U f10N SYSTE"A ,:ND IN(,LUDINC, ALL STREET LIGHTS.
PL ', � ,. j,. PROFILES OF hLL <T%EET I I,lP RO✓EI ,..�.
PI_/.'!.3 ,1PJD PROFILES OF THE PEOPDSED STREET DRAT NAGE SY.-)TE'.''
„n-J I LG -FIE C0 N'JE CT I ONS T- THE FIRST Pn,<Tv S $TCRSI SL'vER SYSTSM ,.c
II'ITI UOING ALI. dTOR't SOWER I":LET- ,,ND M,1 N1IC LE 6.
IN I H I EVENT THE CITY CL FORT COLLINS SHALL HE:UUIf,E LARGER WATER M.1
5 ,;N I T A P Y S _SVER 51;.1 N5 nP ,. _ J'ER , , I N5 TO 3E �....S TRII G T ED W I TH I N TP -
DHDIVISION [,,,! v,DuLc nFI -C,�I1E3 EY SI:IND.�+D E N S I N F L I 1�11G F P A G 1':ES TC
5E1-VE TH_ _UD DI V IS I ON, I°. O'DER TO PROPERLY EXTEND E S,sJICEi TO
O'I'CP ...,III, THE CITY O= I,1, COLLINS WILL PAY ' PORTION OF THE COST OF
'.H CNLI RG.=D F,.GILIY C`! PRORATION OF T'IF ST OF T V I L I T I
11 J.A IF C _ J , RUt.TE^ .v T=:- E'T1 Vii TED CO3T r- SUSH F-C I LI TY .. SH' A':�
THC STIED I .'I � PROV'_J ,_::N. 5'JGH P,2G i2,;T[IN OFCOS-S 8-TWLEN T:IE
1T`I OF C:'I OLL1.'I T F SUEDIVID -.. SHi,LFE ,_ 7 FrI,LED IN D V " N E
CF Or 'DC - ION RY TE Ci' CN I^IEE ., vED IN THc_ E",'-'tii CF ,;NY D151'CT-
IIo MtATILR 5H.1LL 5E SU L-II-FD TO TkI CITY .._!NCIL FOR FIN:,L DETFt':' I NA T I c N.
IIH')r, FI P.1R-Y 11 S C-U T'L THESE PPLFENTE TO 3E - .I GNCD
BY 115 h_YT:' P.ND ITS CI"0 .,1E SF L TO BE HEiiETO ,;FFEXED AT T F -,1 TO BY
ITS Y CLE::K, PURS'JT TO V07ION OF THE COUNCIL C' F Y OF FOFT
Ll _1T ED T.AF_ V�x D-Y IFV,✓�—Al�I� ,i.i.I Ii 9)'? AND ,E('.0>1D PANTY -.5
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I C.T HIS H^,ND AND SZnL THE DAY :`,:VD YEAR FIRST yE LEI NP, E C VE
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