HomeMy WebLinkAboutMOUNTAIN FARM PUD SECOND FILING FINAL - 18 92D - CORRESPONDENCE - APPLICANT COMMUNICATIONM M
.5�. dos
T ar,dScape ArcYutecture Site Plarl"JX19 • C3rraphics
719 Pear Street • FOrt C:Ot1ins, CO 80521 - 970.472.9125 - FAX 970.493.8634
September 27, 1999
Ted Shephard, Chief Planner
Current Planning Division
City of Fort Collins
281 N. College Avenue
Fort Collins, CO 80524
RE: City Bike Path and Bridge Connection
Dear Ted,
1TcFFoTM
SEP 3 0 1999
Per our conversation on Friday, September 17, 1999, the city requested that the developer construct the path
along the Pleasant Valley and Lake Canal, and be financially responsible for half the cost of the trail. The
city would then write a repay agreement for the trail that would require the two parcels to the west of the
canal to participate in the trail construction costs. In other words, this developer would ultimately be
responsible for 1/6 of the cost of the trail. It was also proposed that the same condition would apply to the
pedestrian bridge, except that Progressive Living Structures would escrow 1/6 of the funds to build the
bridge.
After reviewing this, Progressive has determined that cost of the trail would be approximately $26,000
(1300 LF at $20 foot) and approximately $6,000 for the bridge. This would equal a total cost of $32,000,
1/6 of which would equal $5,333.33. In lieu of escrowing funds and constructing the trail at this time (that
would dead end after a short distance), Progressive Living Structures is proposing to pay to the city a sum
of $5,000 at the time of the first building permit. The city could then use these funds at some point in the
future to construct the trail and bridge when the timing is logical. This would satisfy any current and future
obligation of Progressive Living Structures to construct and participate in the trail.
I appreciate your time in this matter. Please let me know whether this is acceptable to the City. If you have
any further questions, please feel free to contact me.
Since ly,
Terence C. Hoaglund
Cc: George Hart, Progressive Living Structures
File