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HomeMy WebLinkAboutMASON STREET PUD - Filed DA-DEVELOPMENT AGREEMENT - AMENDMENT ONE - 1996-10-21LOT 2 MASON STREET P.U.D. AMENDMENT AGREEMENT NO. 1 y gT THIS AMENDMENT AGREEMENT, made and entered into this C� day ofMOEVr— , of 199_�;, by and between the CITY OF FORT COLLINS, COLORADO, a municipal corporation, ("City") and SUBSTANTIAL BUILDING, LLC, a Colorado Limited Liability Company("Developer"), is an amendment to that certain Development Agreement dated October 27, 1993, by and between the City and FIELDSTONE, LTD., a Colorado Limited Partnership, hereinafter referred to as the "Development Agreement." WHEREAS, the City and the Developer's predecessor in interest previously executed the Development Agreement; and WHEREAS, the parties are presently desirous of modifying the Development Agreement; NOW, THEREFORE, in consideration of the promises of the parties hereto and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 1. That the Development Agreement is hereby amended by the addition of paragraph II.D.2. to read as follows: 2. The Developer and the City agree that the Developer has been allowed to construct a secondary point of access to the Property from Mason Street in order to facilitate delivery truck access to the Property. The use of said secondary access is restricted, by the installation of a gate, to use by delivery vehicles only and is not for general public vehicular access since the Property is served by a primary general public access point to Mason Street to the north of the secondary access. If at any time the City determines that the use of said secondary access is detrimental to the vehicular flow, safety, and/or function of Mason Street as a public street, the City shall have the right to require that the Developer remove said secondary access and reconstruct the curb, gutter, and sidewalk to City standards. Said removal and reconstruction shall be at the expense of the Developer. 2. Except as herein modified, all other terms and conditions of the Development Agreement shall remain unchanged and in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Amendment Agreement the day and year first above written. ATTEST: Yxv City Clerk APPROVED AS TO CONTENT: Director of Engin ng APPROVED AS TO FORM: 1 ATistant City Attorney THE CITY OF FORT COLLINS, COLORADO, a Municipal Corporation By: Qk I. L.J4..2. City Vanager DEVELOPER: SUBSTANTIAL BUILDING L�,C, a Colorado Limitedia�i it Com ny By: Peter o By:�=11� Schaake, "Mafiager B2231 P 1 4 5 1 520209 1983AUG -s AM1o:36 COUNTY OF LARIMER STATE OF COLORADO SITE AND LANDSCAPE COVENANTS FOR MASON STREET P.U.D. Situate in the N.E. 1/4 Sec. 35-7-69 City of Fort Coll ins�ounty of`Lorimer, State of Colorado The undersigned, fee owner of Mason Street P.U.D. (The Property) located in the City of Fort Collins, County of Larimer, State of Colorado, does hereby make the following declarations as limitations, restrictions and uses to which the Property may be put, and hereby speci- fies that these declarations shall constitute covenants to run with all of the Property and shall be binding on all parties and all persons claiming under them, and for the benefit of and limitations on all future owners of all or part of the Property, this declaration being signed for the purpose of guaranteeing that the Property will be developed and landscaped ini- tially and kept in desirable condition in the future as herein specified. "Owner" shall include the signator to this document and all successors or assigns of said signator. The landscape improvements, parking areas, sidewalks, open spaces and site amenities including, without limitation, energy generation or con- servation amenities, as described in the site and landscape plans submitted to the City of Fort Collins and on record therewith shall be made and installed in the manner as described in said plans unless amended pursuant to the approval of the City of Fort Collins. With the exception of lands necessary for construction, the owner shall cause the property to be developed according to the site and landscape plan submitted to and ap- proved by the City of Fort Collins. It is further understood and agreed that the owner of the Property, or its assigns or successors in interest, shall be responsible for the maintenance and care (including necessary replacement of dead grasses, plants, trees or shrubs) of all "planted and landscaped" areas and other amenities within said P.U.D. together with all parking, sidewalks and open space areas and all areas otherwise uti- lized for buffering energy conservation or other site amenity. Should the owner fail in any respect to comply with the terms of this Agreement, the City of Fort Collins upon notifying said owner in writing of the matters in regard to which default is asserted and should the owner fail either to cure said default within thirty (30) days after receipt of such notice or to commence within twenty (20) days to rectify such default until it is fully rectified or cured, then the City of Fort Collins shall have the right (1) to obtain, in the District Court of Larimer County, Colorado, a mandatory injunction requiring rectification of the default, or (2) to enter upon said property and perform the work necessary to replace said improvements or maintain the same and the owner shall pay or cause to be paid to the City of Fort Collins such sums necessary to reimburse said City of Fort Collins for the labor and material expended to complete or maintain said improvements which payment shall be made within ten (10) days after receipt of billing. The sum due and unpaid shall accrue interest at the statutory rate for judgements from the date that such sum is due. If said r 82231 452 billing is not paid, then the City of Fort Collins pursuant to the author- ity granted by these covenants, shall have a lien on the above described property and improvements thereto. Said lien to be exercisable by filing a notice of said lien against said property and improvements thereto; pro- vided, however, that the City of Fort Collins shall not have a lien against any single-family lots and improvements thereto within the Property, if applicable. The City of Fort Collins shall be entitled to all rights of foreclosure or other remedies existing pursuant to Colorado law for en- forcement of liens against real property and may also, at its discretion, without waiving any other rights it may have pursuant to law, proceed directly with legal action against the owner, its assigns or successors in interest, to collect payment of the reasonable amounts so expended pursuant to the terms hereof. The undersigned, its successors and assigns, hereby expressly reserve the right, with the consent of the City of Fort Collins, Colorado, to amend or restate these Covenants, by including the provisions contained herein within the Protective Covenants for the real property platted as "The Main StraetP.U.D." which real property shall include the property subject to these Covenants. DATED this 22nd day of April , 19 83 Owner rw"170!' - - —Owner — Secrptxry STATE OF COLORADO ) )ss COUNTY OF LARIMER ) - The foregoing instrument was acknowledged before me this April 19_33, by Ronald N. Giselman as Owner as �A�if9f}1fltjfX�i--- My Commission expires: October 13, 1984 Witness my hand and official seal. .� Business Address: P. 0. Box 429 Fort Collins, Co 80522 Q= 22nd day of and