HomeMy WebLinkAboutGLENDAL - Filed DA-DEVELOPMENT AGREEMENT - 2003-11-13SUBDIVISION IMPROVEMENT AGREEMENT
THIS AGREEMENT is made and entered into this 23rd day of January,
1978, by and between the CITY OF FORT COLLINS, COLORADO, a municipal
corporation, hereinafter sometimes designated as the "City", and GLENDA M.
FREEMAN and ALBERT M. FREEMAN, hereinafter designated as the "Developers".
WITNESSETH:
WHEREAS, Developer is the owner of certain property situate in
the County of Larimer, State of Colorado, and legally described as follows:
A tract of land situate in the Southwest a of
Section 2, Township 7 North, Range 69 West of the
Sixth P.M., Fort Collins, Colorado, which, considering
the South line of said southwest ', as bearing East
and West and with all bearings contained herein relative
thereto, is contained within the boundary lines which
begig at a point which bears East 1312.20 feet and again
N DO 02' E 246.11 feet from Ae Southwest corner of said
Section 2 and run thence N 00 02' E 171.25 feet; thence
S 89b58' E 912.26 faet; thence S 66°17' E b16.50 feet;
thence S 00°02' W 124.45 feet; thence N 89 58' W 318.96
feet to the point of beginning, containing 1.1966 acres,
more or less.
WHEREAS, the Developer desires to develop said property as a commercial
subdivision and has submitted to the City a subdivision plat, which plat is
on file in the office of the City Planner 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 improve-
ments primarily of benefit to the lands to be developed and not to the City
of Fort Collins as a whole; and
WHEREAS, the City has approved the subdivision plat submitted by the
Developer subject to certain requirements and conditions which involve the
installation of and construction of improvements in connection with said lands.
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. It is understood and agreed upon by the parties hereto that
that portion of Wood Street which is adjacent to the proposed development
is not required at the present time to be improved. The Developer, however,
understands and agrees that at such time as the City determines that
further development in the area makes it necessary for that portion of Wood
Street which is adjacent to the proposed development to be improved, the
Developer,upon written notice from the City, shall fully install all
improvements on said portion of Wood Street.
2. The Developer agrees that he shall fully install all required
improvements within six (6) months after notice is given by the City requiring
such installation.
3. The Developer further agrees to fully install all required
improvements in full compliance with the standard specifications of the
City on file in the office of the City Engineer relating to the installation
of streets.
4. This agreement shall be binding upon the parties hereto, their
heirs, personal representatives, and assigns.
5. Nothing herein contained shall be construed as a waiver of any
requirements of the City's subdivision ordinance or any other provision of
the City Code and the Developer agrees to comply with all requirements of
the same.
ATTEST -/�
y Jerk
RT COUINS, COLORADO
City anager ;
i
enda M Freema
Albert M. Freeman