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Home My WebLink AboutINTERSTATE LAND PUD - PRELIMINARY - 34-88B - MINUTES/NOTES - MEETING COMMUNICATIONIR 025-3(89) PROSPECT INT-CHANGE Memorandum of Understanding February 5, 1988 TO: Michael Byrne, G. T. Land Colorado, Inc. Robert Hardt, Phillips Petroleum Keene Smith, K/Z Enterprises Tom Peterson, City of Fort Collins FROM: Rex Touslee, State of Colorado, Division of Highways DATE: February 5, 1988 RE: Consensus of Parties Directly Affected by Design of the Interchange at I-25 and Prospect Road It is our understanding that the five parties involved in our discussions of the design of the Northwest Quadrant of the Prospect/I-25 interchange: The State Division of Highways, the City of Fort Collins, G. T. Land, Phillips Petroleum, and K/Z Enterprises have reviewed three alternative approaches to the alignment of the frontage road at this location. It is further understood that the consensus of those parties is that Alternative "C" - the "Preferred" Frontage Road Alignment (see attached copy) is the desired alternative, with the following conditions: - Overlook Farm Inc. (the property managed by G. T.) will dedicate the 80-foot wide right of way for the realigned frontage road. - Overlook Farm will also provide a mutually acceptable access easement from the proposed frontage road to the northerly portion of the Phillips and K/Z properties. - The Phillips and K/Z properties will be allowed a shared right-in/right-out access to their properties from. Prospect Road. - Other reasonable access from the frontage road in the general locations shown on the attached Development Concept Plan (exact locations may vary slightly with final development plans) will also be allowed. Any additional access needs will be determined through the review of Traffic Impact Analyses to be provided by the applicant at the time of specific development proposals and the Division of Highways' Access Code in effect at the time of application for access. IR 025-3(89) Memorandum of Understanding Page Two If you concur with the above, please sign and return the attached copy of this memorandum. We feel that, if the above items are covered in the instrument dedicating the frontage road right of way, no further documents need to be prepared, and work on the design and construction of the interchange and the frontage road can continue immediately. Michael Byrne, President G. T. Land Colorado, Inc. 3555 Stanford Road/Suite 100 Ft. Collins, CO 80525 Phone: 223-3933 Metro: 440-3433 Keene Smith K/Z Enterprises 2345 7th Street Denver, CO 80211 Phone: 458-5301 RT:mbc Attachment Robert Hardt Phillips Petroleum 8055 East Tufts Ave. Parkway Denver, CO 80237 Phone: 850-3029 Tom Peters -�' City of rt Collins �leCZ11�� N P.O. Box 580 Ft. Collins, CO 80522 Phone: 221-6750 • IR 025-3(89) Memorandum of Understanding Page Two 0 If you concur with the above, please sign and return the attached copy of this memorandum. We feel that, if the above items are covered in the instrument dedicating the frontage road right of way, no further documents need to be prepared, and work on the design and construction of the interchange and the frontage road can continue immediately. Michael Byrne, President G. T. Land Colorado, Inc. 3555 Stanford Road/Suite 100 Ft. Collins, CO 80525 Phone: 223-3933 Metro: 440-3433 - - � 7�4 Keene Smith K/Z Enterprises 2345 7th Street,t Denver, CO 80211 RT:mbc Attachment Robert Hardt Phillips Petroleum 8055 East Tufts Ave. Parkway Denver, CO 80237 Phone: 850-3029 Tom Peterson City of Fort Collins P.O. Box 580 Ft. Collins, CO 80522 Phone: 221--6T50 �- 1 pti i s IR 025-3(89) Memorandum of Understanding Page Two 1 ti Y i. }y If y6ii concur::-qith the above, please sign and return the attached copy of this memorandum. -i� �_. feeT -that, 'IY-,t]je=above items are covered in the instrument dedicating the -frontage-road--righ'4 --way, no further documents need to be prepared, and work on -thedesign ana-'eonitiaiction of the interchange and the frontage road can continue immediately: Michael Byrne, President G. T. Land Colorado, Inc. 3555 Stanford Road/Suite 100 Ft. Collins, CO 80525 Phone: 223-3933 Metro: 440-3433 Keene Smith K/Z Enterprises 2345 7th Street Denver, CO 80211 Phone: 458-5301 RT:mbc Attachment Robert Hardt Phillips Petroleum 8055 East Tufts Ave. Parkway Denver, CO 80237 Phone: 850-3029 Tom Peterson City of Fort Collins P-.0. Box 580 Ft. Collins, CO 80522 Phone: 221-6750 i IR 025-3(89) Memorandum of Understanding Page Two If you concur with the above, please sign and return the attached copy of this memorandum. We feel that, if the above items are covered in the instrument dedicating the frontage road right of way, no further documents need to be prepared, and work on the design and construction of the interchange and the frontage road can continue immediately. Michael Byrne, Presid t G. T. Land Colorado, Inc. 3555 Stanford Road/Suite 100 Ft. Collins, CO 80525 Phone: 223-3933 Metro: 440-3433 Keene Smith K/Z Enterprises 2345 7th Street Denver, CO 80211 Phone: 458-5301 RT:mbc Attachment Robert Hardt Phillips Petroleum 8055 East Tufts Ave. Parkway Denver, CO 80237 Phone: 850-3029 Tom Peterson City of Fort Collins P.O. Box 580 Ft. Collins, CO 80522 Phone: 221-6750 O n+ � cry �lOS'E C..) Q ' W d � ,VA W N Z k\Q` "PREFERRED" FRONTAGE ROAD,. - DIRECT ( RIGHT IN/OUT ) ACCESS TO PROSPECT - BETTER LOCATION OF FULL MOVEMENT ACCESS - NEITHER PHILLIPS NOR K/Z LOSES ADDITIONAL R.O.W. \ v SAS-856� ;ul7 / r / 0 INTERS-r E LAND DEVELOPMENT CONCEPT P L.� N it .1 r1 li r PARCEL ji 86 AC. REGIONAL MALL 'I PARCEL . I KEY: EEI DEVELOPMENT AREA PRIMARY ROADWAY c� SECONDARY ACCESS AMENITY/SITE FEATURE �FAm EXISTING VEGETATION a LSO LANDSCAPE BUFFER DRAINAGE /OPEN SPACE 0 0 0 0 o PEDESTRIAN WAY i ," • , PARCEL \ ^'• ,23 AC. BUSINESS SERVICES / ROSPECT ROA LAND USE BREAKDOWN NON-RFS. FLOOn AREA NON-RES. FLOOR AREA RATIO PARCEL LAND USE GROSS' AREA On DWELLING UNITS OR DENSITY A REGIONAL MALL 60 AC. 750.000 SOFT. 5:1 B BUSINESS SERVICES .3 AC. 4.000 SOFT. C BUSINESS SERVICES 3 AC, 32.000 SO.FT, 4:1 0 BUSINESS SERVICES 23 AC. 200.000 SO.FT. 5:1 E BUSINESS SERVICES 2 AC. 22.000 SU.FT, 4:1 F BUSINESS SERVICES 3 AC. 32.000 SQ.FT. 4:1 Q BUSINESS SERVICES 5 AC. 55.000 SOFT. 4:1 N i MULTI -FAMILY 20 AC. 336 O.U. 12 D.UJAC. OPEN SPACE 41 AC. N.A. N.A. TOTALS 122 AC. 1,051,000 SOFT. 360 O.U. urban design # INTERSTATE LAND IS LEGALLY OWNED AS OVERLOOK FARM, WC. u 3.G7! -1k qb DEPARTMENT OF HIGHWAYS 4201 East Arkansas Ave. Denver, Colorado 80222 (303) 757-9011 Leon J. Witman Division Administrator FHWA, Colorado Division Room 250, 555 Zang St. Lakewood, CO 80228 Subject: Donation Credit Dear Mr. Witman, STATE OF! OLOKADO Project No. IR 25-3(89) Prospect Interchange — North =� rF W February 9, 1989 9�p1t 1213�4� �A CO/VS FEB 1989 T,q SEC Sr �6z p QN 4 ��2titi 9Z SZ1i The right of way for the above mentioned project was acquired by the District entirely by donations. Pursuant to changes mandated by the Surface Transportation and Uniform Relocation Assistance Act of 1987 the Department would like to request a change in the pro -ration for the project to reflect the value of the donated parcels, or whatever other bookkeeping method might apply. The appraisals were all done without consideration of either damages or benefits which is consistent with the law. They were done according to Title III of the Uniforms Act, as amended and a Fair Market Value was set. All donations were from the private sector and were received after April 2, 1987. Following is a breakdown of the parcels involved and I have included a copy of the donation forms and the Fair Market Values to aid you: Parcel 1, AC-1, 1R - Sandy Investment Co. Parcel 2, AC-2, 2R - Ghent Parcel 5, E-5, TE-5, AC-5 - Minoan Ltd. Parcel 6, E-6 - Overlook Farm, Inc. $17,820dOL- /-'*7 �"3'l-r- $25,415/0-- / le'90 �- $21,570 $23, 325/ov 7 $88,130 ould you have any questions please feel free to call me. Very truly yours, ALBERT T. VONDERHEID Staff Right of Way Manager ATV/lc cc: Siebels k71 b �LA &'Rames �W'aK'vac r7`".. tom..•. .,•� ', _Tolslee