HomeMy WebLinkAboutELEMENTARY SCHOOL 1990 - SPECIAL SITE PLAN REVIEW - 14-88A - CORRESPONDENCE - LETTER OF INTENTCi
City of Fort Collins
MEMORANDUM
DATE: July 27, 1989
TO: City Council Members
FROM: Jody Kole, Assistant to the City Manager
RE: Letter of Intent Regarding 1990 School Site
Attached for your information is a signed Letter of Intent which expresses
the understanding between the City and Poudre R-1 School District regarding
the construction of streets serving the 1990 school site.
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300 LaPorte Avenue • P.O. Box 580 • Fort Collins, CO 80522-0580 • (303) 221-6505
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LETTER OF INTENT
This is written to clarify the basic elements of a proposed agreement
between the City and the School District regarding construction of streets
serving the 1990 school site. This proposal has been developed by the
undersigned representatives of the two organizations.
PROPOSAL
1. The School District will construct, at its expense, the collector
street accessing the school site north from Horsetooth Road. The
estimated cost of this project is $98,000. The estimated amount which
would be eligible for repayment to the District under the relevant
provisions of City Code is $43,000. (This assumes that there is no
collateral agreement between the District and affected property owners
which would preclude repayment.)
2. The City will pay to the School District $60,000 on the condition that
the District will apply this entire amount to defray the cost of
constructing Horsetooth Road between Taft Hill Road and the new
collector street which will access the school site. The City will pay
for the remainder of the cost of constructing Horsetooth Road as a 36
foot wide street with curb, gutter, and sidewalk on the north half of
Horsetooth right-of-way. The total estimated cost of street
construction will be $123,000. The repayments to the City and the
District from future developers on the arterial are estimated at
$50,000. Assuming again that the District has not relinquished its
right to repayment by agreement with the property owners, the amount
collected would be split equally between the District and the City.
3. This proposal has been developed specifically to address the issues of
the 1990 school site. It is not intended to be used as a model for
future schools. It is also understood that the School District will
not be required to pay street oversizing fees as a part of the 1990
school project. Conversely, it is understood that the School District
will not be reimbursed from the street oversizing fund for the cost of
oversizing the collector.
We feel that this proposal will help to create ai environment of compromise
which will allow the City and the School District to continue discussions
on the longer term issues. We have discussed several general ideas among
ourselves which may, with further elaboration and discussion, form the
basis for a future intergovernmental agreement. It is our intent that such
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Letter of Intent
July 25, 1989
Page 2
an agreement would be developed and
proposed bond issue for acquisition
schools
Dr. Lee Hansen
Josep ,L. ly
Daryl to
approved prior to finalizing the next
of school sites and construction of new
IM-ve Edwards
Susa Kirkpatric
Steven C. Burkett