HomeMy WebLinkAboutOLD TOWN NORTH - 90% PDP - 28-99A - SUBMITTAL DOCUMENTS - ROUND 5 - LETTER OF INTENTCONSTRUCTION
May 16, 2001
City of Fort Collins
Community Planning and Environmental
Services Administration
281 North College Avenue
Fort Collins, Colorado 80524
RE: Old Town North Development
Dear
Palladian Construction Company, a Colorado corporation, is the owner and
developer of the property being planned as Old Town North. To satisfy certain City of
Fort Collins storm drainage detention and discharge requirements, it will be necessary to
obtain an easement from the Colorado Department of Transportation ("CDOT") to drain
stormwater runoff from Old Town North across property owned by the CDOT for
discharge into the lake canal located to the south of the Old Town North property.
Palladian Construction Company agrees to act in good faith and use reasonable
efforts to acquire an easement across the CDOT property to discharge storm drainage
runoff from Old Town North into the lake canal. If necessary, Palladian Construction
Company will pay to CDOT fair and reasonable compensation for such easement, not to
exceed the fair market value of the easement determined by appraisal.
PALLADIAN
COMPANY,;,
B
onica Sweere, President