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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 V - VILLAGE RGETOWN D. �I TAFT HILL ROAD SEWER I tP5 P LINE - �\ N 1 1 = 800� o a 0 N W 3 QUAIL , HOLLOW PU.D. OVERLAND TRAIL