HomeMy WebLinkAboutCASA GRANDE PUD - Filed DA-DEVELOPMENT AGREEMENT - 2003-09-24Wagon Wheel, riling No. 3.
(To be known as Casa Grande P.U.D.)
Amendment Agreement No. 2
THIS AMENDMENT AGREEMENT, is made and entered into thisa� day of
May, 1987, by and between the CITY CF FORT COLLTNS, COIORADO, a munici-
pal corporation ("(ity"), and PROGRESSTVE LIVING STRUCTURES INC., a
Colorado Corporation, (Developer), is an amendment to that certain
Development Agreement dated May 21, 1981, by and between the City and
PROGRESSIVE LIVING STRUCTURES TNC., (the "Development Agreement").
WHEREAS, the parties hereto previously executed a Development Agree-
ment on May 21, 1981, which agreement was modified in part by an Amend-
ment Agreement. No.l, dated July 17, 1985; and
WHEREAS, the parties are presently desirous of further modifying the
original Development Agreement referred to above and of superseding the
above mentioned Amendment Agreement No.l;
NOW THEREFORE., in consideration of the promises of the parties
hereto and other good and valuable consideration, the receipt and ade-
quacy of which is hereby acknowledged, the parties agree as follows:
Section 2 "Special Conditions" paragraph C. "Storm drainage lines
and appurtenances of the Development Agreement and Amendment Agreement
No.l is hereby amended in its entirety to provide as Follows:
C. Storm drainage lines and appurtenances
The Developer agrees to construct (and obtain the City's accep-
tance of) all. storm drainage facilities as shown on the
approved plans on file in the City Engineer's Office no later_
then 12 months from the date of this Amendment Agreement. The
Developer shall receive a total of 6 building permits for this
development prior to the completion and the acceptance of said
improvements.
The developer agrees to accept the street Flow from Shields
Street.
The maintenance of all storm drainage facilities on site for
this development, but not in the street right-of-way, shall be
the responsibility of the homeowner's association in perpetu-
ity.
Except as herein amended or modified, the Development Agreement
shall continue in full force and effect. Amendment Agreement No.1,
date,9 July 17, 1985, is superseded by this Agreement and shall hereafter
he null and void and of no effect, accordingly, this Agreement, and the
Development Agreement, constitute the entire understanding of the
parties.
IN WITNESS WHEREOF, the parties hereto have set their hands the day
and year first above written.
ATTEST:
City Clerk
APPROVFr TO FORM:
Assistant City Attorney
ATTEST:
Jocelyn R. Carney,
Corporate Secretary
CITY OF FORT COLLINS
a municipal corporation
By C
City Manager
City Afigineer
PROGRESSIVE LIVING STRUCTURES, INC.,
a Colorado Corporation
Leo J. Schuster, President
Exhibit 'A'
Summary of incomplete public improvements for:
Casa Grand PUD
Building Envelopes A through E
Storm drainage improvements $24,000
50% administrative escrow $12,000
Total $36,000
Initials:
Bank
Developer
City Attorney
i