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HomeMy WebLinkAboutTHE HUB ON CAMPUS - PDP - PDP160038 - CORRESPONDENCE - LETTER OF INTENT� CODE � 5 P A C E 5 March 1, 2017 Mr. Sapan Kapoor DK Investments, Inc. 1005 Ridge West Drive Windsor, CO 80550 Dear Mr. Kapoor: Thank you for taking the time to meet with us on site at Uptown Plaza last week. I am writing to follow up with a recap of what we discussed, as well as our proposed solutions to the various concerns that you shared with us. If you are in agreement with this proposal, we would like to consider this a letter of our intent to perform the work and compensate Uptown Plaza as outlined below: Cross Access & Emergency Access_ Easement „ When we discussed the proposed change to the layout of your site to accommodate an emergency access lane between our properties, we presented you with a plan which re -located two of your parking stalls to allow for a lane to be cut near the southeast comer of your property. That plan was devised before we were made aware that you were planning on moving your trash enclosure to the area in which we proposed the relocated parking stalls. We have since redrawn our proposed plan to allow for the relocation of both your trash enclosure and the two panting stalls that are impacted by the emergency access lane. Please see the attached plan and review our proposed solution. To help mitigate any impacts this has on your property, we offer to pay for the relocation and construction of your trash enclosure as well as all other sitework impacts that the construction of the access lane creates. Please note that we expect very little traffic through this lane, as it is being created for the sole purpose of providing emergency vehicle and trash collection vehicle access to our properties. Our residents' vehicular traffic will be confined to our panting structures so as to not impact your property with additional traffic. These changes to your property will require a Minor Site Plan Amendment to be approved by the City, so we offer to use our resources to process the amendment on your behalf, as well. as. pay any fees associated with the amendment. Shadow Impacts As we discussed, our building — primarily our parking structure — will cast a shadow on portions of your parking lot, as outlined on the attached shadow study exhibit. While we comply with all land use code regarding building height and shadow impacts (L.U.C. 3.2.3 and L.U.C. 3.5.1) we are aware that during the winter months, there is the potential that shadows cast by our parking structure may impact the ability of the sun to naturally melt the snow in portions of your parking lot for certain periods of the day. You 1643 N Milwaukee Ave, 5th Floor Chicago, IL 60647 773-969-5740 •cbrespacesxom cowile S P A C E S expressed concern that the additional shadows on your site would have an impact on snow melt and snow removal, so in order to help offset some of this impact we offer to contribute to you an annual sum of $500 to assist with any additional snow removal costs that our buildings' shadows may require on your site. Construction Impact Easements During the course of construction, we may be required to make structural improvements underneath your property to ensure structural integrity of both of our buildings since we are building in dose proximity. In addition, we will be utilizing a tower crane that will need to swing over the top of your site. In order to document both of these construction impacts properly, we will need to have in place both an overdig easement (for underground work beneath your property) and a temporary air rights easement (for the tower crane). Maintenance of the Private Drive As both of our properties are accessed from the private drive off of Elizabeth Street, we propose to share maintenance responsibilities of this drive with you. In addition, we offer to pay for improvements to the drive as requested by the City, including re -striping to create a left turn and a right turn lane, `No Parking" signage, and a stop sign at the comer of Elizabeth Street. In addition, the City and Poudre Fire Authority would like for the private drive to be given a name. We anticipate that this process will involve all of the owners of properties that are accessed from this drive and representatives from the City. Utility Relocations As we discussed, many utilities serving our neighbors currently run through the middle of our site and will need to be relocated. Please see the attached exhibit showing the extent of utility relocations that impact your property. The sanitary sewer line for Uptown Plaza currently runs down the middle of the lot where our parking structure will be built, so we need to have it relocated on to Uptown Plaza's property. We offer to pay for all utility relocations and the reconstruction of any Uptown Plaza property (parking stalls and landscaping) that is impacted by it. There is, at present, a 1.2' wide utility easement running east - west along your south property line. The City requests that this easement be amended to extend to 30' Wide, per their typical utility easement stan a Additionally, we would like to tie-in the existing stormwater system that runs underneath your property. As shown on the utility exhibit, the tie-in would occur near the southeast comer of your parking lot. We anticipate that we will be able to tie-in to this system without having to upsize the system, however, in the event that our engineers determine that the system does need to be upsized to accommodate the 1643 N Milwaukee Ave, Sth Floor Chicago, IL 60647 773.969.5740 corespaces.com C0316 5 P A C E 5 additional stormwaterflows, we offer to pay for any construction costs associated with the upsizing. Because there will be utilities running between our properties, the City requests a 30' easement running north -south, between our buildings, of which 10' is on Uptown Plaza property and 20' is on our property. Please don't hesitate to reach out to me if you have any additional questions or concerns. If the foregoing terms are agreeable and sufficient to allow for the preparation of the necessary documents (drawings, easements, etc.) and to serve as the framework for further discussions, please sign in the space below to acknowledge your agreement and acceptance of our proposals. Sincerely, Mark Goehausen Core Spaces CC: Chad Matesi, Core Spaces Tom Harrington, Core Spaces Joe Gatto, Core Spaces Jeff Friedman, Core Spaces Agreed and accepted this day of , 2017 1643 N. Milwaukee Ave, Sth Floor Chicago, IL 60647 773.969.5740 corespaces.com