HomeMy WebLinkAbout1994-012-01/18/1994-D. JENSEN ENTERPRISES INC REIMBURSEMENT AGREEMENT SEWER LINE RESOLUTION 94-12
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE MAYOR TO ENTER INTO A NEW REIMBURSEMENT
AGREEMENT WITH D. JENSEN ENTERPRISES, INC. , FOR
REIMBURSEMENT OF A SEWER LINE
j WHEREAS, on January 20, 1984, D. Jensen Enterprises, Inc. ("Jensen") ,
entered into a Reimbursement Agreement with the City of Fort Collins ("the
Original Reimbursement Agreement") for repayment of a portion of the cost of
installation of that certain sewer line shown on Exhibit "A" attached hereto and
incorporated herein by reference and
WHEREAS, unless extended as permitted by Section 26-372(e) of the Code of
the City of Fort Collins, the term of the Original Reimbursement Agreement shall
expire on January 20, 1994; and
WHEREAS, Jensen has requested an extension of the term of the Original
Reimbursement Agreement prior to its expiration pursuant to Section 26-372(e) ;
and
WHEREAS, extension of the Original Reimbursement Agreement is necessary for
continued repayment to Jensen; and
WHEREAS, if the term of the Original Reimbursement Agreement is extended
as requested by Jensen, it would be in the best interests of the City that such
an extension be conditioned upon Jensen entering into a new Reimbursement
Agreement with the City, provided that the new Reimbursement Agreement is upon
such terms and conditions as are acceptable to the City Manager and the City
Attorney.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that the Mayor be, and hereby is, authorized to enter into a new Reimbursement
Agreement with Jensen, extending the term of the Original Reimbursement Agreement
until January 20, 2004, upon such terms and conditions as are acceptable to the
City Manager and the City Attorney.
Passed and adopted at a regular meeting of the Council of the Cit Fort
Collins held this 18th day of January, A.D. 1994.
a
ATTEST:
City Clerk
Exhibit A
TRACT B
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