HomeMy WebLinkAboutROBINSON PIERSAL PLAZA PUD - Filed OA-OTHER AGREEMENTS - 2004-02-05Robinson Piersal Plaza P.U.D.
Amendment Agreement No. 1
THIS AMENDMENT AGREEMENT, made and entered into this _l day of Jan-
uary, 1988, by and between the CITY OF FORT COLLINS, COLORADO, a Municipal
Corporation ("the City"), and R. P. Plaza, LTD., a Colorado Limited Part-
nership ("the Developer"), is an amendment to that certain Development
Agreement dated the 25th of October, A.D. 1985, by and between the City and
UNITED BANK OF FORT COLLINS, N.A. and N. EDWINA STREIT, ("Development
Agreement").
WHEREAS, the City and United Bank of Fort Collins, N.A. and N. Edwina
Streit hereto previously executed a Development Agreement on October 25,
1985, pertaining to the following development, to wit:
Robinson Piersal Plaza P.U.D., being a replat of block 124 of the
Town of Fort Collins, located in Section 12, Township 7 North,
Range 69 West of the 6th P.M., City of Fort Collins, Larimer
County, Colorado.
WHEREAS, the City and the Developer are presently desirous of modify-
ing the original Development Agreement referred to above:
NOW THEREFORE, in consideration of the initial promises of the
parties hereto and other good and valuable consideration, the receipt and
adequacy of which is hereby acknowledged, the parties agree as follows:
The word "planing" in the first line of subheading 2.C.(iv) of the
Development Agreement is hereby corrected to be "paving."
Subheading 2.0 (v) is hereby added to the Development Agreement to
read as follows:
C. Streets.
(v). Prior to the issuance of a building permit for this
development, the Developer must deposit with the City a cash
guaran'ee in the form of a certificate of deposit, cash, per-
formance bond, letter of credit or other City approved means
to guarantee of the completion of all public improvements to
be constructed in the street rights of way in accordance with
the approved utility plans on file in the office of the City
Engineer. The amount deposited shall be equal to 150% of the
estimated cost of the improvements. The estimate shall he
prepared by the Developer and submitted to the City Engineer
for review and approval.
Except as herein amended or modified, the Development Agreement
shall continue in full force and effect. This Agreement and the Devel-
opment Agreement constitute the entire understanding of the parties.
IN WITNESS WHEREOF, the parties hereto have set their hands the
day and year first written.
CITY OF FORT COLLINS
as m� corporatio
r
City Manager
ATTEST- Pj 1
City C--47
1� �1r�'s,
APPROVED AS TO FORM:
neer
rney
R. P. Plaza, LTD.,
a Colorado Limited Partnership
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John R. //P. Wheeler, Partner