HomeMy WebLinkAboutINDIAN HILLS VILLAGE PUD PHASE 2 PRELIM AND FINAL - 81-93B - CORRESPONDENCE - LETTER OF INTENT04/20/1995 13:32
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S. 601 cast St%i t House. The parties confirm and ratify
the currently -existing lease for this house. Pearl street
Nineteenth shall provide the necessary drainage and . construction
easements which the City re wires over -and/or under the east end
of suck% property; FRUVIDBD, HGWE-VER, that such drainage shall be
placed underground so -tlsat it does not adversely impact a
potential patio for the aousa• and shall be constructed at
Purchaser's sole expense. Pearl Street uinatsenth agrees to trade
the open space immediately west of the house for the .open space
betwe011 the house and Stuart street, in order to maxim:ao-the
parcel size on an east -west basis and also in order to provide the
project with .continuity for the frontage landscaping on Stuart
Street. Pearl Street Nineteenth agrees that, at its cost, an
administrative change or minor P.U.D. amendment -will be
accomplished for such purpose; .that the house shall have driveway
access from the internal driveway; and that the house shall be
included in the Zrdian Hills Village HomecWn0Z-s Association and
therefore be subject to all rAles, regulations, monthly du6e and
assessme=9 (which shall commence at the sale of Ay holast ifdaal
an
gills village Lot or conversion of the prop tc
residential use, whichever occurs firet, at Sellsr's option),
All improvements to landscaping, access, interior of the
premises, and so on shall be at Wonderland's sole expense and
shall revert to, Pearl Street Nineteenth at no cost, t;pon
expiration or termination of the lease. wonderland shall make no
changes which would make the house less saleable
as
residence*
and any nonresidential changes necessary
o; the grammes (ir_cluding, but not limited to, additional
parking) shall be removed, and the house restored to purely
residential use, upon the expiration or te=nination of the lease,
I! ?earl street Nineteenth sc requests.
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04/20/1995 13:32
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WONDERLAND
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Wonderland Custom Builders
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(303) 449-3232: FAX (303) 449-3275