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HomeMy WebLinkAboutCAPITAL HILL ADDITION REPLAT BLOCK 315 - Filed DA-DEVELOPMENT AGREEMENT - 2003-07-31AGREEMENT THIS AGREEMENT is made and entered into this 21st day of April , A.D. 19 75 , by and between THE CITY OF FORT COLLINS, COLORADO, a municipal corporation, hereinafter sometimes designated as the "City", and City of Fort Collins Housing Authority hereinafter designated as the "Developer", WITNESSETH: WHEREAS, Developer is the owner of certain property situate in the County of Larimer, State of Colorado, known as the Replat of a part of Lots 3, 6, 13, 1'_4, 16 and all of Lots 4, 5, and 15, and also the vacated alley in Block 315, and lying south of the Arthur Ditch, Capital Hill Addition, more particularly described on the subdivision plat on file in the office of the City Engineer and by this reference made a part hereof; and WHEREAS, Developer desires to develop said property as a residential subdivision; and WHEREAS, Developer has submitted to the City a utility plan for said lands which is on file in the office of the City Engineer and by this reference made a part hereof; and WHEREAS, the parties hereto have agreed that the development of said lands will require increased municipal services from the City in order to serve such area and will further require the installation of certain improvements primarily of benefit to the lands to be developed and not to the City of Fort Collins as a whole. NOW, THEREFORE, in consideration of the premises and the terms and conditions herein stated and for other valuable consideration, the adequacy of which is acknowledged by the parties hereto, it is agreed as follows: 1. The City hereby approves the master plan submitted by the Developer, it being understood that such approval is approval only of the general scheme and concept of development shown thereon and that the City may impose additional requirements on final plats for any portion of said land consistent with the general scheme of development shown on the master plan. 2. Except as otherwise herein specifically agreed, the Developer agrees to install and pay for all utility lines, storm drainage facilities, streets and other municipal facilities necessary to serve the lands described on the Subdivision Plat, such lines, streets and facilities including, but not limited to, those shown on the utility plan on file in the office of the City Engineer. 3. Water Lines. a. Developer agrees to install all water lines as shown on the utility plans in accordance with the requirements and as shown on said plans, whether such lines are actually on the property, bordering the property or on other lands connecting the subject property to the existing City water distribution system. b. Such water lines shall be installed in full compliance with the standard specifications of the City on file in the office of the City Engineer relating to the installation of such lines. C. Developer agrees to complete the installation of said lines no later than the following schedule: Within one year of the day and year of the date first hereinabove written. d. Developer understands and agrees that no building permit for any structure in the subdivision shall be issued by the City until the fire hydrant serving such structure is installed and accepted by the City. e. All of said lines shall be installed at the sole expense of the Developer, except that the City will participate in the following: Line City Participation None f. The installation of said lines shall be inspected by the Community Development Department of the City and shall be subject to such department's approval. Developer agrees to correct any deficiencies in such installation in order to meet the requirements of the plans and the specifications applicable to such installation. In the event such installation is not completed and approved within the time set forth above, the City shall have the right to cause such additional work to be done as it deems necessary to complete the installation in a satisfactory manner and the Developer shall be liable for the costs of such additional work. 4. Sanitary Sewer Collection Lines. a. The Developer agrees to install all sanitary sewer collection lines shown on the utility plans, whether the same be on or off the subject property. b. Such sanitary sewer lines shall be installed in full compliance with the standard specifications of the City on file in the office of the City Engineer relating to the installation of such lines. C. Developer agrees to complete the installation of said lines no later than the following schedule: Within one year of the day and year of the date first hereinabove written. d. Developer understands and agrees that no building permit shall be issued by the City for any structure in the subdivision until the sanitary sewer line serving such structure is installed and accepted by the City. e. All of said lines shall be installed at the sole expense of the Developer, except that the City will participate in the following: Line City Participation None f. The installation of said lines shall be inspected by the Community Development Department of the City and subject to such department's approval. Developer agrees to correct any deficiencies in such installation in order to meet the requirements of the plans and the specifications applicable to such installation. In the event such installation is not completed and approved within the time set forth above, the City shall have the right to cause such additional work to be done as it deems necessary to complete the installation in a satisfactory manner and the Developer shall be liable for the costs of such additional work. 5. Electric Lines and Facilities. The City Light and Power Department shall install all electric distribution lines and facilities required for the subject property and the Developer shall pay for such work in accordance with the established charges of the Light and Power Department. Such installation shall include all street lights required for the development. 6. Drainage Facilities. a. The Developer shall install all drainage facilities shown on the utility ;plans. It is understood that such facilities may not represent all of the Developer's obligations in this regard and additional requirements may -4- be made by the City at other stages of the development. b. Such drainage facilities shall be installed in full compliance with the standard specifications of the City on file in the office of the City Engineer relating to the installation of such lines. C. Developer agrees to complete the installation of said facilities no later than the following schedule: The drainage pan on the north side of Sycamore across Park Street shall be constructed during the early stage of development so as determined by the City Engineer, to prevent damage to other utilities, streets, curb and gutter, sidewalk:, and all adjacent properties. d. All of said facilities shall be installed at the sole expense of the Developer. e. The installation of all drainage facilities shall be inspected by the Community Development Department of the City and shall be subject to such departments approval. Developer agrees to correct any deficiencies in such installation in order to meet the requirements of the plans and the specifications applicable to such installation. In the event such installation is not completed and approved within the time set forth above, the City shall have the right to cause such additional work to be done as it deems necessary to complete the installation in a satisfactory manner and the Developer shall be liable for the cost of such additional work. 7. Streets. a. The Developer agrees to install all streets shown on the utility plans, complete with asphalt paving, curb, gutter, and sidewalks. b. Such streets shall be installed in full compliance with the standard specifications of the City on file in the office of the City Engineer relating to the installation of such streets. C. Developer agrees to complete the installation of street improvements no later than the following schedule. Within one year of the day and year of the date first hereinabove written. d. No building permit for the construction of any structures in the subdivision shall be issued by the City until the street providing access to the structures is improved with at least the gravel base required. e. The installation of all streets shall be inspected by the Community Development Department of the City and subject to such department's approval. Developer agrees to correct any deficiencies in such installation in order to meet the requirements of the plans and the specifications applicable to such installation. In the event the improvements are not completed and approved within the time set forth above, the City shall have the right to cause such additional work to be done as it deems necessary to complete the installation in a satisfactory manner and the Developer shall be liable for the cost of such additional work, including all normal charges made by the City for financing, engineering, publication, legal and miscellaneous on City Special Street Improvement Districts. f. Street Improvements shall not be installed until all utility lines to be placed in the street have been completely installed and all services to individual lots have been installed from main utility lines to the property line. -6- This agreement shall be binding upon the parties hereto, their heirs, personal representatives and assigns. IN WITNESS WHEREOF, the parties hereto have caused this agreement to be signed the day and year first hereinabove written. THE CITY OF FORT COLLINS, COLORADO ATTEST: City Clerk City Manager APPROVED: r7 t t 1 Director' of Community` Development Department Developer Executive Director for the City of Fort Collins Housing Authority