HomeMy WebLinkAboutSUNRISE RIDGE - ANNEXATION & ZONING - 13-05 - CORRESPONDENCE - (6)Ted Shepard - Re: Fwd: Sunrise Ridge �stion about Parcel F Willowbrook
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>>> "Smith, Kelly Dean (OpenView Software)" <kelly.smith5@hp.com>
04/06/2005 9:41:34 AM >>>
Ted,
We're currently negotiating with Village Homes to purchase Parcel F,
Willow Brook, FTC (2001075030). Parcel F is a triangular 1/4-acre lot
that's physically attached to our Sunrise Ridge property. Rock Creek
Drive currently stops in front of this property.
As part of their compensation, Village Homes is requiring us to take
over their escrow with The City of Ft. Collins for the completion of
Rock Creek Drive in front of the parcel. The escrow obligation in
Subheading II (Special Conditions), Paragraph D.5.(A) of the August
13,
2001 development agreement is $16,149.90.
Will a irrevocable Letter of Credit work for the escrow, or is cash
required? Is this a fairly easy process to provide substitution for
part
of their development agreement?
Part of the contract states that Sunrise Ridge will be able to use the
Village Homes detention pond in the southwest corner of our property
(I
think it's Parcel G). Do you see any problems with this arrangement?
Our
plan is to make the detention pond a little bigger, and then
landscape,
etc., as required.
Thanks in advance for your response. Hope all is well with you.
Kelly Smith
CC: <TSHEPARD@fcgov.com>
Ted Shepard - Re: Fwd: Sunrise Ridge -istion about Parcel F Willowbrook Page 1
From: "Mark McCallum" <MMcCall um@villagehomes.com>
To: <MVIRATA@fcgov.com>, <kelly.smith5@hp.com>
Date: 04/26/2005 10:38:29 AM
Subject: Re: Fwd: Sunrise Ridge - question about Parcel F Willowbrook
Marc and Kelly -
Sorry for the late response.
We tracked down the spreadsheet and the check that we submitted to the
City of Fort Collins for Rock Creek Drive. The check was for $67,019.58
(ck # 098423), which is for all three stubbed streets within our
development. We agreed on the amount with Matt Baker. The amount for
Rock Creek Drive was $22,017.30. Kelly I quoted the 1/2 price width,
thus the contract would have to be modified.
I hope this helps.
-Mark
>>> "Marc Virata" <MVIRATA@fcgov.com> 4/12/2005 11:44:12 AM >>>
Kelly,
You had emailed Ted Shepard last week with regards to an escrow
obligation that was specified on the development agreement for Willow
Brook (Observatory Village). Per the DA, cash is required, a letter
of
credit will not satisfy this requirement. I do have a question or
concern relating to the dollar amount. I have been unable to track
thus
far the agreed to dollar amount and whether such a dollar amount was
received (I've copied Mark McCallum on this email to see if he may
have
some information on this.) The estimate that I have for our files
prepared by TST Engineers (the consultant for Willow Brook) shows an
estimate of $19,064.45 and I don't have information to indicate the
dollar amount is for $16,149.90. Perhaps Mark has records to show
otherwise, which would be helpful for all. Assuming a deposit was
originally received it shouldn't be of any difficulty to substitute
you
providing the deposit in the same dollar amount.
Thanks,
Marc P. Virata, P.E.
Civil Engineer II
City of Fort Collins - Engineering Department
Phone: (970) 221-6605
Fax: (970) 221-6378
mvirata@fcgov.com