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HomeMy WebLinkAboutUNIVERSITY ACRES FOURTH - Filed OA-OTHER AGREEMENTS - 2004-03-08MEIaIORAPTDU;ti4 OF AGREEMENT THIS AU-PT7'11?PIT, made and entered into this A October 3rd dal* A. D. 19 60 , by and between 1- _ 1 CITY Cl ?G;-,T _T.I,T:;, a municipal corporation, hereinafter das.rnated as first party: University Acres: Inc, Hereinafter desiC'nated as second party, WITNESSETH: WHEREAS, s.... _ d 1 arts has hereto ,- su'�mitted a subdivision the subdi `-^ io'. to be 1_inosm as University Acre FOLrth Sub ivy on For approval by the sunicipal. Plannin;_; ,nc'. Zoning Board and City Council of the City of Fort Collins, and �;VH7REA%, sa'd subdivision plat is ac-,,)table to first party and fist partyfs and' Zoning Board, -,aject to construction of utilities in the area �-o be subdivided, NUN,I".''R!,FCR';, in consideration of the premises and the terms of this agreement, it is mutually agreed as follows: 1. First party agrees that said subdivision plat shall be, and the same is hereby approved. 2. In consi'eration of the approval of said plat b­ first party, and first partyff, Planning and Zonin Board, second party agrees as follows: (A) 10 submit to first party the following detailed improvement plan:-, Licc: able to the first party: (1) A plan of the proposed water ?istribution system including the connecting; pipelines to the points of connection to the first party's existing ,Dater distribution system and s',c,:ing all valves and fire hydrants. (2) Plans and profiles of the proposed nitary savior system including all manholes and connections to t':.e first party•s existing sanitary sewer system. (3) A plan of the proposed electrical distribut5_-i r.ys*en including connecting; lines to the first party': existing elect-ricctii distribution system and including all street li.tits, (4) Plans and profiles of all street im,)rove'_nents: (5) Plans and profilos of the proposed sreet drainage system showing th,; connections to the first party+s stern a,n:mr system and including all storm sewer inlets and manholes. (6) Items A(1) to A(5) inclusive are to be financed by tnc party of the second party excepting only Item (3) electrical distrihutio system. All material required for street lights are to be paic. f.,r by the party of the second part to the Light & Power Department oft CiLyc In the event the City of Fort Collins shall require larger wa;,r mains, sanitary sewer mains or storm sewer mains to be constructed 'h;_n the subdivision than .ould be required b-,, standard engineer_ng z-,t.i.^es to serve t' subdivision, in order to properh> extend these ,ices to other areas, the City of Fort Collins zr.11 pay a portio_. c cost of such enla.red facility based on proration of the cost c1 -ne- t,-,actually constructed and the estimated cost of such fa.cili a the subdi ri c.er• a,, -roved plan. Su:. i r -oration of t.,, of Fort Ccliir.= and the subdivider a:iall be determined in acva_i; �f :onstruction by the City Engineer and in the event of any dispute try i'uer shall be submitted to the City Council for final dete_:�rn-nation, IN 741T`"SS first party has caused these presents to be si,ned by its ?ayor and its corporate seal to be hereto affixed attes, to by its City Clerk, p,irsuant to motion of the Council of the City of Port Collins dated the 4th da-r of August A.D., 19 10 , and second party has hereto set his hand and. seal the day and year first hereinabove ,,written. ATTEST: City Clerk THr CITY OF FORT COLLINS. A I.Mnicipal Corporation By wt First Par`y t, ) Sec , d ty