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HomeMy WebLinkAboutOLD TOWN NORTH - Filed DA-DEVELOPMENT AGREEMENT - 2010-04-060 c� 0 z W J V RECEPTION#: 20110080039, 12/21/2011 at 11:02:37 AM, �= 1 OF 30, R $156.00 TD Pgs: 0 Scott Doyle, Larimer County, CO DEVELOPMENT AGREEMENT THIS AGREEMENT, is made and entered into this day ofjy�r, 200L , by and between the CITY OF FORT COLLINS, COLORADO, a Municipal Corporation, hereinafter referred to as the "City"; and Old Town North LLC., a Colorado limited liability company, hereinafter referred to as the "Developer". WITNESSETH: WHEREAS, the Developer is the owner of certain real property situated in the County of Larimer, State of Colorado, (hereafter sometimes referred to as the "Property" or "Development") and legally described as follows, to wit: Old Town North, located in South Half of the Southwest Quarter of Section 1, Township 7 North, Range 69 West of the 6th P.M., City of Fort Collins, County of Larimer, State of Colorado. WHEREAS, the Developer desires to develop the Property and has submitted to the City all plats, plans (including utility plans), reports and other documents required for the approval of a final plan according to the City's development application submittal requirements master list (the "Final Development Plan Documents") copies of which are on file in the office of the City Engineer and made a part hereof by reference; and WHEREAS, the parties hereto have agreed that the development of the Property 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; and WHEREAS, the City has approved the Final Development Plan Documents submitted by the Developer subject to certain requirements and conditions, which involve the installation of and construction of utilities and other municipal improvements In connection with the Property. 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, it is agreed as follows: General Conditions A. The terms of this Agreement shall govern all development activities of the Developer pertaining to the Properly. For the purposes of this Agreement, "development activities" shall include, but not be limited to, the following: (1) the actual J Li4\( � 1� �,r> ",5 u�enJ, r,31 4. No building permits shall be issued on lots 1 thru 6 of Block 9 until Osiander Street is constructed and accepted in front of said lots and connecting out to Redwood Street, and the alley behind and/or adjacent. to the lots is constructed and accepted by the City. 5. The Developer is responsible for constructing Osiander Street within the right-of-way dedicated as a part of this Development prior to the issuanc the first building permit in accordance with Section 24 e -95 of the City Code. However, the of parties agree that the construction of this street will not be completed with this Development in order to minimize the grading within the Dry Creek 100 year floodway. Since the Developer is responsible for the construction of the unbuilt portion of said street and for any costs to remove temporary improvements and rebuild these areas to final design standards, the Developer agrees to provide to the City a cash deposit in the amount of $ 41,582.56 to cover the cost of the construction which shall include but not be limited to the future inlet(s), stormdrain line(s culverts gutter, sidewalks, crosspans, sidewalk ramps, waterline(s) ()� pavement, subgrade, curb, p and street trees. The amount of said funds is the estimated cost to construct said improvements. Fifty percent (50%) of said amount ($ 20,791.28) shall be deposited with the City prior to the issuance of more than 52 building permit for this Development and the remaining fifty percent (50%) of said amount ($ 20,791.28) shall be deposited with the City prior to the issuance of more than 104 building permits for this Development. If any portion of this fee is paid by the Developer after the year 2004, the Developer agrees to pay the amount specified above plus an additional amount to be calculated as described below to recognize the effect of inflation, with said amount to be increased each year until payment is completed in full.' Upon payment of each fee required under this Subsection, the Developer's obligation to pay its share of the costs for constructing Osiander Street in conjunction with the Development shall be satisfied. The inflation factor (Inf. Fac.) for each year's increase in the amount of the fee shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) for March 2004, as the base index (1-base) and the same index published in the ENR for the January in each succeeding year immediately preceding payment (1-year of payment). The formula for calculating said inflation factors shall be as follows: Inf. Fac. _ (1-year of payment) — (1-base) (I -base) The amount to be added to the fee to compensate for inflation shall be equal to the amount of the fee times the inflation factor. Said amounts added to compensate for inflation shall not reduce the total (principal) amount due. Said improvements to Osiander Street shall be made at such time that the street can be extended and connected to Redwood Street. 10 Except as provided in the following paragraph, any interest earned by the City as result of said deposit shall be the property of the City to cover administration and constructs said improvements.. rty inflation -in order to better assist the City in making reimbursement to the pa who If the Developer is the party that constructs said improvements, upon completion of said improvements and acceptance of them by the City, the City shall return to the Developer the amount deposited plus any interest earned by the City as a result of said deposit, less 3% of the total amount remaining, (which includes said amount deposited Plus any interest earned by the City) to be kept by the City to cover its costs for administration of said deposits. 6. The Developer is responsible for constructing Blondel Street within the right-of-way dedicated as a part of this Development prior to the issuance of the first building permit in accordance with Section 24-95 of the City Code. However, the parties agree that the construction of this street will not be completed with this Development in order to minimize the grading within the Dry Creek 100 year floodway. Since the Developer is responsible for the construction of the unbuilt portions of said streets and for any costs to remove temporary improvements and rebuild these areas to final design standards, the Developer agrees to design and build the extension of Blondel Street prior to the issuance of any building permit in Block 6 (Phase 3) of this Development. The design and construction shall include but not be limited to the future inlet(s), stormdrain line(s), culvert(s) designed to accommodate the Dry Creek channel flows, pavement, subgrade, curb, gutter, sidewalks, crosspans, sidewalk ramps, waterline(s) and street trees. 7. In accordance with Section 24-95 of the City Code the Developer is responsible for constructing the portion of relocated Vine Drive (from station 5+30 to station 21+15) adjacent to the site prior to the issuance of the first building permit. However, the parties agree that the construction of this street will not be completed with this Development in order to minimize the grading within the Dry Creek floodway. Since the Developer is responsible for the constructio100 year n the unbk portions of said streets and for any costs to remove temporary improvements and rebuild these areas to final design standards, the Developer agrees to provide to the City a cash deposit in the amount of $ 194,786.60 to cover the cost of the design and construction which shall include but not be limited to the future inlet(s), stormdrain line(s), culvert(s), pavement, subgrade, curb, gutter, sidewalks, crosspans, sidewalk ramps, waterline(s) and street trees. The amount of said funds is the estimated cost to construct said improvements. Fifty percent (50%) of said amount ($ 97,293.30) shall be deposited with the City prior to the issuance of more than 52 building and the remainingf , 9 permit for this Development iffy percent (50 /o) of said amount ($ 97,293.30) shall be deposited with the City prior to the issuance of more than 104 building permits for this Development. If any portion of this fee is paid by the Developer after the year 2004, the Developer agrees to pay the amount specified above plus an additional amount to be calculated as 11 described below to recognize the effect of inflation, with said amount to be increased each year until payment is completed in full. Upon payment of each fee required under this Subsection, the Developer's obligation to pay its share of the costs for constructing relocated Vine Drive in conjunction with the Development shall be satisfied. The inflation factor (Inf. Fac.) for each year's increase in the amount of the fee shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) for March 2004, as the base index (1-base) and the same index published in the ENR for the January in each succeeding year immediately preceding Payment (1-year of payment). The formula for calculating said inflation factors shall be as follows: Inf. Fac. = (1-year of payment) — (1-base) (1-base) . The amount to be added to the fee to compensate for inflation shall be equal to the amount of the fee times the inflation factor. Said amounts added to compensate for inflation shall not reduce the total (principal) amount due. Said improvements to relocated Vine Drive shall be constructed at such time that the City deems the improvements to be necessary or at such time as improvements are made to adjacent portions of relocated Vine Drive, whichever shall first occur. Except as provided in the following paragraph, any interest earned by the City as a result of said deposit shall be the property of the City to cover administration and inflation in order to better assist the City in making reimbursement to the party who constructs said improvements. If the Developer is the party that constructs said improvements, upon completion of said improvements and acceptance of them by the City, the City shall return to the Developer the amount deposited plus any interest earned by the City as a result of said deposit, less 3% of the total amount remaining, (which includes said amount deposited plus any interest earned by the City) to be kept by the City to cover its costs for administration of said deposits. B. In accordance with Section 24-95 of the City Code the Developer is responsible for constructing the portion of Redwood Street (from station 44+73 to station 48+59) adjacent to the site prior to the issuance of the first building permit. Notwithstanding the foregoing, the Developer shall have the option to postpone this Redwood Street construction by delivering to the City a cash deposit sufficient to guarantee completion of the design and construction of the improvement necessary for Redwood Street to meet City street design standards. The amount of said funds shall be $ 34,941.68, the estimated cost to design and construct said improvements, including but not limited to the future inlet(s), stormdrain line(s), culvert(s), pavement, subgrade, curb, gutter, sidewalks, crosspans, sidewalk ramps, waterline and the street trees. Fifty percent (50%) of said amount ($ 17,470.84) shall be deposited with the City 12 prior to the issuance of more than 52 buildin remainin fi o 9 permit for this Development and the 9 fty percent (50 /o) of said amount ($ 17,470.84) shall be deposited with the City prior to the issuance of more than 104 building permits for this Development. If any fee is paid by the Developer after the year 2004, the Developer agrees to pay the amount specified above plus an additional amount to be calculated as described below to recognize the effect of inflation, with said amount to be increased each year until payment is completed in full. Upon payment of each fee required under this Subsection, the Developer's obligation to its share of th improvements in conjunction with this Development shall be satisfiede Redwood Street The inflation factor (Inf. Fac.) for each year's increase in the amount of the fee shall be calculated using the construction cost Index for Denver as published in the Engineering News Record (ENR) for March 2004, as the base index (1-base) and the same index published in the ENR for the January in each succeeding year immediate) payment (1-year of payment). The formula for calculating said inflation factors hall in as follows: Inf. Fac. = (1-year of payment) — (1-base) (1-base) The amount to be added to the fee to compensate for inflation shall be equal to the amount of the fee times the inflation factor. Said amounts added to compensate for inflation shall not reduce the total (principal) amount due. The improvements to Redwood Street shall be constructed at such time that the City deems the improvements to be necessary or at such time as improvements are made to adjacent portions of Redwood Street, whichever shall first occur. Except as provided in the following paragraph, any interest earned by the City as a result of said deposit shall be the property of the City to cover administration and inflation in order to better assist the City in making reimbursement to the party who constructs said improvements. If the Developer is the party that constructs said improvements, upon completion of said improvements and acceptance of them by the City, the City shall return to the Developer the amount deposited plus any interest earned by the City as a result of said deposit, less 3% of the total amount remaining, (which includes said amount deposited plus any interest earned by the City) to be kept by the City to cover its costs for administration of said deposits. 9. Prior to the issuance of more than 54 building permits the off -site sidewalk connection to College Ave (SH 287) shall be built and accepted by the City. Prior to the issuance of more than 160 building permits the internal trail adjacent to the detention pond shall be built and accepted by the City. 13 10. The traffic impact studies for the site shows the need for a west bound right turn lane and an east bound left turn lane on existing Vine Drive with buildout of the Development. in lieu of constructing, these improvements at this time with the Development the Developer has the option to postpone the turn lane construction on existing Vine Drive by delivering to the City a cash deposit sufficient to guarantee completion of the design, right-of-way acquisition and construction of the improvement necessary for existing Vine Drive to meet City turn lane design standards. The amount of said funds shall be $ 59,835.71, the estimated ost to design ad construct said improvements, including but not limited to the futurec nlet(s), stormd ain line(s), pavement, subgrade, curb, gutter, crosspans, and sidewalk ramps. Said amount shall be deposited with the City prior to the issuance of any building permit for this Development. If any fee is paid by the Developer after the year 2004, the Developer agrees to pay the amount specified above plus an additional amount to be calculated as described below to recognize the effect of inflation, with said amount to be increased each year until payment is completed in full. Upon payment of each fee required under this Subsection, the Developer's obligation to pay its share of the Redwood Street improvements in conjunction with this Development shall be satisfied. The inflation factor (Inf. Fac.) for each year's increase in the amount of the fee shall be calculated using the construction cost index for Denver as published in the Engineering News Record (ENR) for March 2004, as the base index (1-base) and the same index published in the ENR for the January in each succeeding year immediately preceding payment (1-year of payment). The formula for calculating said inflation factors shall be as follows: Inf. Fac. = (1-year of payment) — (1-base) (1-base) The amount to be added to the fee to compensate for inflation shall be equal to the amount of the fee times the inflation factor. Said amounts added to compensate for inflation shall not reduce the total (principal) amount due. The improvements to existing Vine Drive shall be constructed at such time that the City deems the improvements to be necessary or at such time as improvements are made to adjacent portions of existing Vine Drive, whichever shall first occur. Except as provided in the following paragraph, any interest earned by the City as a result of said deposit shall be the property of the City to cover administration and inflation in order to better assist the City in making reimbursement to the party who constructs said improvements. If the Developer is the party that constructs said improvements, upon completion of said improvements and acceptance of them by the City, the City shall return to the Developer the amount deposited plus any interest earned by the City as a result of said 14 deposit, less 3% of the total amount remaining, (which includes said amount deposited plus any interest earned by the City) to be kept by the City to cover its costs for administration of said deposits. 11. Footing and Foundation permits shall be required on all lots. Prior to the issuance of a full building permit for any lot a survey shall be done by a Colorado licensed surveyor to verify that the foundation was properly placed. A copy of the survey shall be provided to the Building Department and the Engineering Chief Construction Inspector prior to the issuance of the full building permit on said lot. If the survey shows that any portion of the foundation has not been properly placed (i.e. the foundation is not within the required setbacks or extends into an easement) that portion or portions of the foundation shall be removed and a new foundation put in place that properly fits within the building setbacks/ building envelope and does not extend into the platted easements. 12. The "G" lots as indicated on the plat are for garages only. No dwelling space or dwelling units can be provided on these lots. 13. The 30 foot gas line easement crosses several lots within this Development. No building permits shall be issued on these lots (lots 1, 2, 3, 4, 5, 6, G1, G2 of Block 5, lots 4, 5, 6, 20, 21, 22 of Block 4, lots 9, 10, 18, 19, 20 of Block 3, and lots 17, 18, 19, 20 of Block 2) until such time as a recorded copy of the easement vacation or quit claim deed for the gas easement is provided to the City Engineering Department showing the vacation or abandonment of this easement by the gas company. 14. No construction work shall be allowed and no building permits shall be issued within Phase 2 or Phase 3, except for overlot grading as shown on the Final Development Plan Documents. 15. Any vehicular access for any lot in this Development shall be off of the adjacent alley(s). 16. No construction work including overlot grading shall occur on the property to the South of Tract III (outside the platted boundaries) until a drainage easement is dedicated to and accepted by the City. 17. No construction work including overlot grading can occur on the portion of land owned by Lyle Carpenter and under condemnation proceedings until the City has been granted possession of the property by the Court. 18. The 10 foot temporary asphalt path/ trail (approximate stations 46+50 to 49+50) North of Cajetan Street as shown on the interim Redwood Street plans shall be constructed with this Development. Construction of the path shall be done in a timely manner in order to reduce the amount of time the path is unavailable for use; and continuous work, excluding weather related delays, shall be performed. If the City 15 determines that ongoing, continuous construction of the path is not occurring, the City may withhold building permits and/or certificates of occupancy to ensure performance. 19. No more than 108 building permits shall be issued before the ultimate Redwood Street improvements have been constructed in accordance with the Final Development Plan Documents and is usable as an access point into the Development. 20. At such time as the ultimate Redwood Street improvements are in place the temporary emergency access is no longer needed and can be removed and a request submitted to vacate the easement. 21. The ultimate Redwood Street alignment is within right-of-way that was purchased from Colorado Department of Transportation (CDOT). As a part of the purchase agreement CDOT was allowed to use the building that exists within the right- of-way until CDOT's new facilities are built whereupon CDOT would vacate the existing building. CDOT's new facilities are built and CDOT has vacated the existing building within the Redwood Street right-of-way. The Developer shall be responsible for the removal of the building prior to starting work on the ultimate Redwood Street improvements. Reimbursement of a portion of these costs may be paid utilizing Street Oversizing Funds in accordance with Section 24-112 of the City Code and Paragraph II.D.1 of this agreement. 22. The Developer may enter into a reimbursement agreement with the City in accordance with Section 3.3.2(F)(2) of the Land Use Code for the "local street portion" -of streets being built to city standards adjacent to undeveloped or redevelopable property. (This may be applicable for improvements to Redwood Street and Jerome Street.) This shall apply only if the Developer is the party to construct such improvements. 23. The cost of the ultimate Redwood Street improvements shall be included within the security amount provided by the Developer to the City to assure said infrastructure completion. 24. Two points of access into the Development site shall be in place at all times once construction work starts in the area north of the Lake Canal. Such access shall be adequate to handle any emergency vehicles or equipment, and the access shall be kept open during all phases of construction. Such access shall be constructed to an unobstructed width of at least 20 feet with 4 inches of aggregate base course material compacted according to city standards and with an 80 foot diameter turnaround at the building end of said access. The turnaround is not required if an exit point is provided at the end of the access. Prior to the construction of said access(es), a plan for the access(es) shall be submitted to and approved by the Poudre Fire Authority and City Engineer. (Three plan sets shall be submitted to the Poudre Fire Authority at 102 Remington Street for review and processing.) If such access or accesses are at any time deemed inadequate by the Poudre Fire Authority or City Engineer, the access(es) 16 brought into compliance, the City and/or the Poudre Fire Authority may issue shall be promptly brought into compliance and until such time that the accesses) are work order for all or part of the Development, a stop 25. Prior to the issuance of any building permit, two acceptable access points (Jerome Street and the emergency access or Jerome Street and Redwood Street) as shown on the Final Development Plan Documents shall be constructed and accepted by the City (excluding the portion of Redwood Street that is not to be built at this time in accordance with Paragraph 8 above). 26. Since the permanent alley and street improvements connecting alley 'Y' and Blondel Street can not be built at this time and since the Developer. has proposed an interim solution that provides a connection between these streets and will allow the development of the lots abutting alley 'Y', the Developer shall be responsible for the maintenance of the interim improvements. The Developer shall be responsible for maintaining of all improvements that are not a part of the final street and alley design including the retaining wall, guardrail, concrete pan and the pavement connecting alley 'Y' with Blondel Street. 27. Notwithstanding any provision herein to the contrary, the Developer shall be responsible for all costs for the initial installation of traffic signing and striping for this Development, including both signing and striping related to the Developer's internal street operations and the signing and striping of any adjacent or adjoining local, collector or arterial streets that is made necessary because of the Development. 28. Following completion of all public infrastructure improvements, the Developer shall continue to have responsibility for maintenance and repair of said improvements In accordance with Sections 2.2.3, 3.3.1 and 3.3.2 of the Land Use Code of the City. 29. The construction of Redwood Street is contemplated to be a City Street Oversizing Project. The City's management of the construction of the roadway is at the City's convenience; however this does not relieve the Developer's responsibility to have this facility in place prior to the issuance of any building permits for the project. The Developer shall contribute, in cash, the cost of the local street portions of the roadway improvements (Local Street Contribution), estimated by the developers engineer to be $121,000. At such time as the City receives the Local Street Contribution and copies of the Final Development Plan Documents, it will begin the construction process in accordance with normal City policies, including City Council action for appropriations, project review, utility coordination and competitive bidding. E. Ground Water, Subdrains and Water Rights 1. The City shall not be responsible for, and the Developer (for itself and its successor(s) in interest) hereby agrees to indemnify and hold harmless the City against, any damages or injuries sustained in the Development as a result of ground 17 water seepage or flooding, structural damage, or other damage unless such damages storm drainage facilities in the Development. However, nothing herein shall be deeor injuries are proximately caused by the City's negligent operation or maintenance of its med a waiver by the City of its Immunities, defenses, and limitations to liability under the Colorado Governmental immunity Act (Section 24-20-101 CRS, et. seq.) or under any other law. 2. If the Development includes a subdrain system, any such subdrain system, whether located within private property or within public property such as street rights -of -way or utility or other easements, shall not be owned, operated, maintained, repaired or reconstructed by the City and it is agreed that all ownership, operation, maintenance, repair and reconstruction obligations shall be those of the Developer or the Developer's successor(s) in interest. Such subdrain system is likely to be located both upon private and public property and, to the extent that it is located on public property, all maintenance, operation, repair or reconstruction shall be conducted in such a manner that such public property shall not be damaged, or if damaged, shall, upon completion of any such project, be repaired in accordance with then existing City standards. The City shall not be responsible for, and the Developer, for itself and its successors) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries sustained in the Development as the result of groundwater seepage or flooding, structural damage or other damage resulting from failure of any such subdrain system. 3. Without admitting or denying any duty to protect water rights, the Developer, for itself and its successor(s) in interest, hereby agrees to indemnify and hold harmless the City against any damages or injuries to water rights caused, directly or indirectly by the construction, establishment, maintenance or operation of the Development. 4. The City agrees to give notice to the Developer of any claim made against it to which the foregoing indemnities and hold harmless agreements by the Developer could apply, and the Developer shall have the right to defend any lawsuit based on such claim and to settle any such claim provided the Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice.of any such claim to the Developer within ninety (90) days after the City first receives notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause the forgoing indemnities and hold harmless agreements by the Developer to not apply to such claim and such failure shall constitute a release of the foregoing indemnities and hold harmless agreements as to such claim. F. Hazards and Emergency Access 1. No combustible material will be allowed on the site until a permanent water system is installed by the Developer and approved by the City. I8 G. Footing and Foundation Permits 1. Notwithstanding any provision in this Agreement to the contrary, the Developer shall be required to obtain a Footing and Foundation permit after the installation of all underground water, sanitary sewer, and storm sewer facilities, and an emergency accessway for the Phase in which the permit is being requested. The aforesaid facilities shall include but not be limited to all mains, lines, services, fire hydrants and appurtenances for the Phase as said facilities are shown on the Final Development Plan Documents. . 2. The requirement set out in paragraph one (1) above is necessary to assure the proper placement of any foundation. After the foundation has been built, a survey shall be done by a Colorado licensed surveyor to verify its proper location. Copies of the survey shall be provided to the Building Department and the Engineering Chief Construction Inspector prior to the issuance of the full building permit on said lot. If the survey shows that the foundation has not been properly placed, the foundation or the portion of the foundation that has not been properly placed shall be removed and a new foundation put in place that properly fits within the building setbacks/ building envelope and does not extend within the platted easements. H. Natural Resources 1. The Developer shall ensure that all wetlands and uplands are properly maintained for a two (2) year period following construction thereof to ensure that the vegetation and hydrologic regime are fully established. Monitoring of the vegetation shall occur at least in June and September of the first growing season and in late summer of the remaining growing seasons. The status and effectiveness of the vegetation shall be evaluated and the results reported to the City of Fort Collins Natural Resources Department semi-annually for review. If the wetlands have been established in accordance with the approved Mitigation Plan for the Old Town North Project Detention Pond, they shall be approved and accepted by the City Natural Resources Director. If the wetlands have not been established in accordance with the approved Mitigation Plan for the Old Town North Project Detention Pond, then the Developer shall promptly take such steps as are necessary to bring the wetlands into conformance with the approved Mitigation Plan for Old Town North Project Detention Pond. 2. The Developer shall be responsible for implementing mitigation measures to compensate for the complete removal 0.177 acres of wetlands on this Development. (If said wetland boundaries are found to be different from those shown on the Final Development Plan Documents, the Developer shall modify the Final Development Plan Documents through the amendment process as established in Section 2.2.10 of the Land Use Code. Verification of said wetland boundaries and the completion of revisions to the Final Development Plan Documents, if necessary, shall be completed prior to the issuance of any building permits for phase one of the Development.) 19 construction of improvements, (2) obtaining a permit therefor, or (3) any change in grade, contour or appearance of the Property.caused by, or on behalf of, the Developer with the intent to construct improvements thereon. B. All water lines, sanitary sewer collection lines, storm sewer lines and facilities, streets, curbs, gutters, sidewalks, and bikepaths shall be installed as shown on the Final Development Plan Documents and in full compliance with the standards and specifications of the City on file in the office of the City Engineer at the time of approval of the utility plans relating to the specific utility, subject to a three (3) year time limitation from the date of this agreement. In the event that the Developer commences or performs any construction pursuant hereto after the passage of three (3) years from the date of approval of the site specific development plan, the Developer shall resubmit the utility plans to the City Engineer for reexamination. The City may then require the Developer to comply with the approved standards and specifications of the City on file in the office of the City Engineer at the time of the resubmittal. C. No building permit for the construction of any structure within the Property shall be issued by the City until the public water lines and stubs to each lot, fire hydrants, electrical lines, sanitary sewer lines and stubs to each lot, and public streets (including curb, gutter, and pavement with at least the aggregate base . course completed) serving such structure have been completed and accepted by the City. No building permits shall be issued for any structure located in excess of six hundred and sixty feet (660') from a single point of access, unless the structures contain sprinkler systems that are approved by the Poudre. Fire Authority. D. Any water lines, sanitary sewer lines, storm drainage lines, electrical lines, and/or streets described on. Exhibit "A," attached hereto, shall be installed within the time and/or sequence required on Exhibit "A." If the City Engineer has determined that any water lines, sanitary sewer lines, storm drainage facilities and/or streets are required to provide service or access to other areas of the City, those facilities shall be shown on the Final Development Plan Documents and shall be installed by the Developer within the time as established under "Special Conditions" in this document. E. Except as otherwise herein specifically agreed, the Developer agrees to Install and pay for all water, sanitary sewer, and storm drainage facilities and appurtenances, and all streets, curbs, gutters, sidewalks, bikeways and other public improvements required by this Development as shown on the Final Development Plan Documents and other approved documents pertaining to this Development on file with the City. F. Street improvements shall not be installed until all utility lines to be placed therein have been completely installed, including all individual lot service lines (water and sewer) leading in and from the main to the property line and all electrical lines. G. The installation of all utilities shown on the Final Development Plan Documents shall be inspected by the Engineering Department of the City and shall be 2 3. The Developer shall accomplish said mitigation by the creation of wetlands through the establishment of hydrologic regime and wetland vegetation. Construction of said 0.23 acres of wetland mitigation shall be completed prior to the building per issuance of more than seventy-five percent (75%) of the total bmits for phase one of this Development. 4. All seeded areas shall be inspected jointly by the Developer and the City at specified intervals. Areas seeded will be inspected for 2 seasons or until well established, whichever first occurs. Areas seeded in the spring shall be inspected for required coverage the. following falls not later than October 1. Areas seeded at any other time shall be inspected the following summers not later than August 1. The required coverage for the first inspection shall be ten (10) viable live seedlings of the specified species per 1000 square centimeters (approximately one square foot), or fifty percent (50%) coverage of the specified foliage as measured from five feet (5') directly overhead, with no bare spots larger than 1000 square centimeters. At the time of the second growing season inspection, there shall be seventy-five percent (75%) foliage cover of the specified species planted as measured from five (5') directly overhead. No more than ten percent (10%) of the species noted on the site may be weedy species as defined by Article 111, Section 20-41 of the Code of the City. The Developer shall be responsible for weed control at all times. Determination of required coverage will be based on fixed transects each ten meters in length, randomly placed in representative portions of the seeded areas, with plant species or bare ground/rock/litter being noted every ten (10) centimeters along each transect. The Developer shall warrant all seeded areas for two growing seasons from the date of completion. The Developer shalt rework fications any areas that are dead, diseased, contain too and reseed per original speci many weedy species, or fail to meet the coverage requirement at no additional cost to the City. 5. Fueling facilities shall be located at least one hundred (100) feet from any City of Fort Collins Natural Area property, natural body of water, wetland, natural drainage way or manmade drainage way. The fuel tanks and fueling area must be set in a containment area that will not allow a fuel spill to directly flow, seep, run off, or be washed into a body of water, wetland or drainage way. 6. The Developer shall delineate the all Limits of Development, including boundaries around wetlands and existing trees that are to be undisturbed, with orange construction fence prior to any type of construction, including overlot grading. 7. Prior to any grading or other construction, any prairie dogs inhabiting portions of the site within the Limits of Development (L.O.D.) shall be relocated or eradicated by the Developer. City -approved methods as set forth in Chapter 4 of the City Code shall be used, and, when applicable, the use of methods reviewed and approved by the Colorado Division of Wildlife. If prairie dogs are present fumigation is best done between late April and early June and relocation shall occur prior to March 1 or after May 31 of any given year. 20 1. Trails 1. In order to guarantee the completion of the Developer's share of the regional trail system from Jerome Street to Redwood Street the Developer shall escrow funds to be deposited with the City in the form of cash, bond, nonexpiring letter of credit or other form of City approved security sufficient to guarantee completion of said construction. The amount of said funds shall be the estimated cost to construct said improvements, which estimate shall be prepared by the Developer and approved by the City, plus an additional 25% of the estimate to cover any contingencies and unexpected costs. Said amount shall be deposited with the City prior to the issuance of any building permit for this Development. If the Developer is the party that constructs said improvements, then upon completion of said improvements and acceptance of them by the City, the City shall return to the Developer the amount deposited plus any interest earned by the City as a result of said deposit, less 3% of the total amount remaining, (which includes said amount deposited plus the interest earned by the City) to be kept by the City to cover its costs for administration of said deposit. 2. The Developer shall build the aforesaid regional trail to a width of ten (10) feet in accordance with City trail standards (5" thick, fiber mesh and 2 Ibs/sack Yosemite Brown color) as shown on the Final Development Plan Documents. The City shall reimburse the Developer for the cost of two (2) feet of the width of the trail, including the cost of adding the color and fiber mesh for said two (2) foot width, after acceptance of the trail by the City. (The regional trail is the ten (10) foot wide trail that runs from Jerome Street to Redwood Street). Construction of the trail shall be done in a timely manner; and continuous work, excluding weather related delays, shall be performed. If the City determines that ongoing, continuous construction of the trailis. not occurring, the City may withhold building permits and/or certificates of occupancy to ensure performance. Upon completion of dedication of a 30 foot wide trail easement to the City, and upon construction by the Developer of the trail as described above and as shown on the Final Development Plan Documents, and upon acceptance by the City of the dedication and the construction, the City shall be responsible for the maintenance of said trail, except for any damage done to said trail by the Lake Canal Company, (and/or its representatives or assignees) in its use of the trail and/or adjacent areas for maintenance, access or any other activities associated with the adjacent Lake Canal, which damage shall be the responsib!14 of the Developer to repair and/or replace. The Trail Easement shall be dedicated to the City in a format acceptable to the City and the Developer shall be responsible for all costs associated with the preparation of and the payment of any fees associated with the processing and filing of said document. J. Soil Amendment In all areas associated with Phases 1 and 2 of this Development that are to be landscaped or planted in accordance with the Final Development Plan Documents, and do not require a building permit, the soils shall be loosened and amended by the Developer in accordance with Section 3.8.21 of the Land Use Code. The soil amendment for these areas within Phases 1 and 2 of this development that do not 21 require a building permit can also be done in phases. In the areas that do not require a building permit within any particular block within Phase 1 of this development and that are to be landscaped, the soil amendment shall be completed prior to the issuance of any certificate of occupancy in that block. In the areas that do not require a building permit within any particular block within Phase 2 of this development and that are to be landscaped, the soil amendment shall be completed prior to the issuance of any certificate of occupancy in that block. Completion of the soil amendment requirement for both phases shall include certification by the Developer that the work has been completed. This certification shall be submitted to the City at least two (2) weeks prior to the date of issuance of the requested certificate of occupancy. K. Development Construction Permit 1. The Developer shall apply for and obtain a Development Construction Permit for this Development, in accordance with Division 2.6 of the Land Use Code (or Section 29-12 of the Transitional Land Use Regulations, if applicable), prior to the Developer commencing construction. The Developer shall pay the required fees for said Permit and construction inspection, and post security to guarantee completion of the public improvements required for this Development, prior to issuan of the Development Construction Permit. ce L. Maintenance and Repair Guarantees The Developer agrees to provide a two-year maintenance guarantee and a five-year repair guarantee covering all errors or omissions in the design and/or construction of the public improvements required for this Development, which guarantees shall run concurrently and shall commence upon the date of completion of the public improvements and acceptance thereof by the City. More specific elements of these guarantees are noted in Exhibit °C." Security for the maintenance guarantee and the repair guarantee shall be as provided in Section 3.3.2(C) of the Land Use Code, or Section 29-14 of the Transitional Land Use Regulations, as applicable. Notwithstanding the provisions of paragraphs III (H) and (1) of this Agreement to the contrary, the obligations of the Developer pursuant to this paragraph and Exhibit "C" may not be assigned or transferred to any other person or entity unless the warranted improvements are completed by, and a letter of acceptance of the warranted improvements is received from the City by, such other person or entity. III. Miscellaneous A. The Developer agrees to provide and install, at its expense, adequate barricades, warning signs and similar safety devices at all construction sites within the public right-of-way and/or other areas as deemed necessary by the City Engineer and Traffic Engineer in accordance with the City's 'Work Area Traffic Control Handbook" and shall not remove said safety devices until the construction has been completed. 22 B. As required pursuant to Chapter 20, Article IV of the City Code, the Developer shall, at all times, keep the public right-of-way free from accumulation of waste material, rubbish, or building materials caused by the Developer's operation, or the activities of individual builders and/or subcontractors; shall remove such rubbish as often as necessary, but no less than daily and; at the completion of the work, shall remove all such waste materials, rubbish, tools, construction equipment, machinery, and surplus materials from the public right-of-way. The Developer further agrees to maintain the finished street surfaces so that they are free from dirt caused by the Developer's operation or as a result of building activity. Any excessive accumulation of dirt and/or construction materials shall be considered sufficient cause for the City to withhold building permits and/or certificates of occupancy until the problem is corrected to the satisfaction of the City Engineer. If the Developer fails to adequately clean such streets within two (2) days after receipt of written notice, the City may have -the streets cleaned at the Developer's expense and the Developer shall be responsible for prompt payment of all such costs. The Developer also agrees to require all contractors within the Development to keep the public right-of-way clean and free from accumulation of dirt, rubbish, and building materials. C. The Developer hereby agrees that it will require its contractors and subcontractors to cooperate with the City's construction inspectors by ceasing operations when winds are of sufficient velocity to create blowing dust which, in the inspector's opinion, is hazardous to the public health and welfare. D. The Developer shall, pursuant to the terms of this Agreement, complete all improvements and perform all other obligations required herein, as such improvements or obligations may be shown on the Final Development Plan Documents, or any documents executed in the future that are required by the City for the approval of an amendment to a development plan, and the City may withhold (or to the extent permitted -by law, revoke) such building permits and certificates of occupancy as it deems necessary to ensure performance in accordance with the terms of this Development Agreement. . The processing and "routing for approval" of the various development plan documents may result in certain of said documents carrying dates of approval and/or execution that are later than the date of execution of this Development Agreement or the Memorandum Of Agreement (if any) recorded to give record notice of this Agreement. The Developer hereby waives any right to object to any such discrepancy in dates. E. Nothing herein contained . shall be construed as a waiver of any requirements of the City Code, Land Use Code, or Transitional Land Use Regulations (as applicable) and the Developer agrees to comply with all requirements of the same. F. in the event the City waives any breach of this Agreement, no such waiver shall be held or construed to be a waiver of any subsequent breach hereof. G. All financial obligations of the City arising under this Agreement that are payable after the current fiscal year are contingent upon funds for that purpose being 23 annually appropriated, budgeted and otherwise made available by the Fort Collins City Council, in its discretion. H. This Agreement shall run with the Property and shall be binding upon and inure to the benefit of the parties hereto, their respective personal representatives, heirs, successors, grantees and assigns. It is agreed that all improvements required pursuant to this Agreement touch and concern the Property regardless of whether such improvements are located on the Property. Assignment of interest within the meaning of this paragraph shall specifically include, but not be limited to, a conveyance or assignment of any portion of the Developer's legal or equitable interest in the Property, as well as any assignment of the Developer's rights to develop the Property under the terms and conditions of this Agreement. I. In the event the Developer transfers title to the Property and is thereby divested of all equitable and legal interest in the Property, the Developer shall be released from liability under this Agreement with respect to any breach of the terms and conditions of this Agreement occurring after the date of any such transfer of interest. In such event, the succeeding property owner shall be bound by the terms of this Agreement. J. Each and every term of this Agreement shall be deemed to be a material element hereof. In the event that either party shall fail to perform according to the terms of this Agreement, such party may be declared in default. In the event that a party has been declared in default hereof, such defaulting party shall be given written notice specifying such default and shall be allowed a period of ten (10) days within which to cure said default. In the event the default remains uncorrected, the party declaring default may elect to: (a) terminate the Agreement and seek damages; (b) treat the Agreement as continuing and require specific performance or; (c) avail itself of any other remedy at law or equity. K. In the event of the default of any of the provisions hereof by either party which shall require the party not in default to commence legal or equitable action against said defaulting party, the defaulting party shall be liable to the non -defaulting party for the non -defaulting party's reasonable attorney's fees and costs incurred by reason of the default. Nothing herein shall be construed to prevent or interfere with the City's rights and remedies specified in Paragraph III.D of this Agreement. L. Except as may be otherwise expressly provided herein, this Agreement shall not be construed as or deemed to be an agreement for the benefit of any third party or parties, and no third party or parties shall have any right of action hereunder for any cause whatsoever. M. It is expressly understood and agreed by and between the parties hereto that this Agreement shall be governed by and its terms construed under the laws of the State of Colorado and the City of Fort Collins, Colorado. 24 N. Any notice or other communication given by any party hereto to any other party relating to this Agreement shall be hand -delivered or sent by certified mail, return receipt requested, addressed to such other party at their respective addresses as set forth below; and such notice or other communication shall be deemed given when so hand -delivered or three (3) days after so mailed: If to the City: Engineering Development Review City of Fort Collins P.O. Box 580 Fort Collins, CO 80522 With a copy to: City Attorney's Office City of Fort Collins P.O. Box 580 Fort Collins, CO 80522 If to the Developer: Old Town North LLC Attn: Monica Sweere, Manager P.O. Box 270053 Fort Collins, Co 80527 Notwithstanding the foregoing, if any party to this Agreement, or its successors, grantees or assigns, wishes to change the person, entity or address to which notices under this Agreement are to be sent as provided above, such party shall do so by giving the other parties to this Agreement written notice of such change. O. When used in this Agreement, words of the masculine gender shall include the feminine and neuter gender, and when the sentence so indicates, words of the neuter gender shall refer to any gender; and words in the singular shall include the plural and vice versa. This Agreement shall be construed according to its fair meaning, and as if prepared by all parties hereto, and shall be deemed to be and contain the entire understanding and agreement between the parties hereto pertaining to the matters addressed in this Agreement. There shall be deemed to be no other terms, conditions, promises, understandings, statements, representations, expressed or implied, concerning this Agreement, unless set forth in writing signed by all of the parties hereto. Further, paragraph headings used herein are for convenience of reference and shall in no way define, limit, or prescribe the scope or intent of any provision under this Agreement. THE CITY OF FORT COLLINS, C a Municipal Corooration A 25 ATTEST: qo,,UL % - Yk City Clerk APPROVED AS TO C NTENT: l City Engineer APPROVE 4CS�-O FORM: puty City Attorney DEVELOPER: Old Town ND(th ZO a-6elor limited liability co*a Monica Sweere, is nager/Member 26 EXHIBIT "A" Schedule of electrical service installation. Electrical lines need to be installed prior to the installation of the sidewalk, curb returns, handicap ramps, paving and landscaping. If the Developer installs any curb return, sidewalk or handicap ramp prior to the installation of electrical lines in an area that interferes with the installation of the electrical line installation, the Developer shall be responsible for the cost of removal and replacement of those items and any associated street repairs. 2. Schedule of water lines to be installed out of sequence. Not Applicable. 3. Schedule of sanitary sewer lines to be installed out of sequence. Not Applicable, 4. Schedule of street improvements to be installed out of sequence. Not Applicable 5. Schedule of storm drainage improvements to be installed out of sequence. Not Applicable. 27 EXHIBIT "B" Not Applicable 28 EXHIBIT "C" MAINTENANCE GUARANTEE: The Developer hereby warrants and guarantees to the City, for a period of two (2) years from the date of completion and first acceptance by the City of the public improvements warranted hereunder, the full and complete maintenance and repair of the public Improvements constructed for this Development. This warranty and guarantee is made In accordance with the City of Fort Collins Land Use Code and/or the Transitional Land Use Regulations, as applicable. This guarantee applies to the streets and all other .appurtenant structures and amenities lying within the rights -of -way, easements and other public properties, including, without limitation, all curbing, sidewalks, bike paths, drainage pipes, culverts, catch basins, drainage ditches and landscaping. Any maintenance and/or repair required on utilities shall be coordinated with the owning utility company or city department. The Developer shall maintain said public improvements in a manner that will assure compliance on a consistent basis with all construction standards, safety requirements and environmental protection requirements of the City. The Developer shall also correct and repair, or cause to be corrected and repaired, all damages to said public improvements resulting from development -related or building -related activities. In the event the Developer fails to correct any damages within thirty (30) days after written notice thereof, then said damages may be corrected by the City and all costs and charges billed to and paid by the Developer. The City shall also have any other remedies available to it as authorized by this Agreement. Any damages which occurred prior to the end of said two (2) year period and which are unrepaired at the termination of said period shall remain the responsibility of the Developer. REPAIR GUARANTEE: The Developer agrees to hold the City of Fort Collins, Colorado, harmless for a five (5) year period, commencing upon the date of completion and acceptance by the City of the public improvements constructed for this Development, from any and all claims, damages, or demands arising on account of the design and construction of public improvements of the Property shown on the approved plans and documents for this Development; and the Owner furthermore commits to make necessary repairs to said public improvements, to include, without limitation, the roads, streets, fills, embankments, ditches, cross pans, sub -drains, culverts, walls and bridges within the right-of-way easements and other public properties, resulting from failures caused by design and/or construction defects. This agreement to hold the City harmless includes defects in materials and workmanship, as well as defects caused by or consisting of settling trenches, fills or excavations. 29 subject to such department's approval. The Developer agrees to correct any deficiencies in such installations in order to meet the requirements of the plans and/or specifications applicable to such installation. In case of conflict, the Final Development Plan Documents shall supersede the standard specifications, except that if the conflicts are a result of Federal or State mandated requirements, then the Federal or State mandated requirements shall prevail. H. All storm drainage facilities shall be so designed and constructed by the Developer as to protect downstream and adjacent properties against injury and to adequately serve the Property (and other lands as may be required, if any). The Developer shall .meet or exceed the minimum requirements for storm drainage facilities as have been established by the City in its Drainage Master Plans and Design Criteria. The Developer, for itself and its successor(s) in interest, does hereby indemnify and hold harmless the City from any and all claims that might arise, directly or indirectly, as a result of the discharge of injurious storm drainage or seepage waters from the Property in a manner or quantity different from that which was historically discharged and caused by the design or construction of the storm drainage facilities, except for (1) such claims and damages as are caused by the acts or omissions of the City in maintenance of such facilities as have been accepted by the City for maintenance; (2) errors, if any, in the general concept of the City's master plans (but not to include any details of such plans, which details shall be the responsibility of the Developer); and (3) specific written or otherwise documented directives that may be given to the Developer by the City. The City agrees to give notice to the Developer of any claim made against it to which this indemnity and hold harmless agreement by the Developer could apply, and the Developer shall have the right to defend any lawsuit based on such claim and to settle any such claim provided Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Developer within ninety (90) days after the City first receives a notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Developer to not apply to such claim and such failure shall constitute a release of this indemnity and hold harmless agreement as to such claim. Approval of and acceptance by the City of any storm drainage facility design or construction shall in no manner be deemed to constitute a waiver or relinquishment by the City of the aforesaid indemnification: The Developer shall engage a, Colorado licensed professional engineer to design the storm drainage facilities as aforesaid and it is expressly affirmed hereby that such engagement shall be intended for the benefit of the City, and subsequent purchasers of property in the Development. 1. The Developer shall pay storm drainage basin fees in accordance with Chapter 26, Article VII of the City Code. Storm drainage improvements eligible for credit or City repayment under the provisions of Chapter 26 are described together with the estimated cost of the improvements on the attached Exhibit "B," which improvements, if applicable, shall include right-of-way, design and construction costs. See Section Ii.C, Special Conditions, Storm Drainage Lines and Appurtenances, for speck instructions. Further, the Developer agrees that the City shall not be liable to the Developer during the warranty period, for any claim of damages resulting from negligence in exercising engineering techniques and due caution in the construction of cross drains, drives, structures or buildings, the changing of courses of streams and rivers, flooding from natural creeks and rivers, and any other matter whatsoever on private property. Any and all monetary liability occurring under this paragraph shall be the liability of the Developer. The obligations of the Developer pursuant to the "maintenance guarantee" and "repair guarantee" provisions set forth above may not be assigned or transferred to any other person or entity unless the warranted improvements are completed by, and a letter of acceptance of the warranted improvements is received from the City by, such other person or entity. 30 J. The Developer shall provide the City Engineer with certified Record Plan Transparencies on Black Image Diazo Reverse Mylars upon completion of each phase of the construction. Utilities will not be initially accepted prior to as -built drawings being submitted to and approved by the City of Fort Collins. K. The Developer specifically represents that to the best of its knowledge all property dedicated (both in fee simple and as easements) to the City associated with this Development (whether on or off -site) is in compliance with all environmental protection and anti -pollution laws, rules, regulations, orders or requirements, including solid waste requirements, as ' defined by the U. S. Environmental Protection Agency Regulations at 40 C.F.R., Part 261, and that such property as is dedicated to the City pursuant to this Development, is in compliance with all such requirements pertaining to the disposal or existence in or on such dedicated property of any hazardous substances, pollutants or contaminants, as defined by the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended, and regulations promulgated thereunder. The Developer, for itself and its successor(s) in interest, does hereby indemnify and hold harmless the City from any liability whatsoever that may be imposed upon the City by any governmental authority or any third party, pertaining to the disposal of hazardous substances, pollutants or contaminants, and cleanup necessitated by leaking underground storage tanks, excavation and/or backfill. of hazardous substances, pollutants or contaminants, or environmental cleanup responsibilities of any nature whatsoever on, of, or related to any property dedicated to the City in connection with this Development, provided that such damages or liability are not caused by circumstances arising entirely after the date of acceptance by the City of the public improvements constructed on the dedicated property, except to the extent that such circumstances are the result of acts or omissions of the Developer. Said indemnification shall not extend to claims, actions or other liability arising as a result of any hazardous substance, pollutant or contaminant generated or deposited by the City, its agents or representatives, upon the property dedicated to the City in connection with this Development. The City agrees to give notice to the Developer of any claim made against it to which this indemnity and hold harmless agreement by the Developer could apply, and the Developer shall have the right to defend any lawsuit based on such claim and to settle any such claim provided Developer must obtain a complete discharge of all City liability through such settlement. Failure of the City to give notice of any such claim to the Developer within ninety (90) days after the City first receives a notice of such claim under the Colorado Governmental Immunity Act for the same, shall cause this indemnity and hold harmless agreement by the Developer to not apply to such claim and such failure shall constitute a release of this indemnity and hold. harmless agreement as to such claim. L. The Developer acknowledges and agrees that the City, as the owner of any adjacent property (the "City Property") on which off -site improvements may be constructed, or that may be damaged by the Developer's activities hereunder, expressly retains (and does not by this Development Agreement waive) its rights as property owner. The City's rights as owner may include without limitation those rights associated with the protection of the City Property from damage, and/or the 4 enforcement of restrictions, limitations and requirements associated with activities on the City Property by the Developer as an easement recipient. II. Special Conditions A. Water Lines Not Applicable B. Sewer Lines Not Applicable C. Storm Drainage Lines and Appurtenances 1- The approved Final Development Plan Documents for this Development call for the phasing of the construction of storm drainage improvements. The Developer shall complete these improvements in accordance with said approved Final Development Plan Documents. The completion of these improvements will result in the overall site drainage certification for this Development being done in phases in accordance with the following requirements: a) All on -site and off -site storm drainage improvements associated with Phase 1 of this Development, as shown on the approved Final Development Plan Documents, shall be completed by the Developer in accordance with said Final Development Plan Documents prior to the issuance of more than 104 building permits in Phase 1 of this Development. Phase 1 certification shall include all on -site drainage improvements associated with Phase 1 construction as shown on the Final Development Plan Documents for this development which include the outfall from the proposed detention facilities associated with Phase 1, to the Dry Creek drainage channel. Additionally the Developer shall complete the grading of the on -site detention pond shown as being part of Phase 1 of this Development prior to the issuance of more than 52 building permits in Phase 1 of this Development. The Developer shall be required to inform the City as soon as the grading of the pond is completed and the City shall inspect the detention pond and ensure compliance with this requirement prior to issuance of more than 52 building permits in Phase 1 of this Development. b) Detailed utility and grading plans for Phase 2 of this Development shall be submitted and approved by the City prior to issuance of any building permits in Phase 2 of this Development. c) Detailed utility and grading plans for Phase 3 of this Development shall be submitted and approved by the City prior to issuance of any building permits in Phase 3 of this Development. Phase 3 construction and certification shall include the construction and certification of the regional drainage channel and culverts associated with Phase 3 of this development as shown on the Final Development Plan Documents. Additionally, no issuebuilding in Phase 3 of this development until the floodway designation that currrelnttlly exist don these lot has been officially removed by the City of Fort Collins and FEMA and a revised floodplain and floodway mapping has been accepted and published. In all cases, completion of improvements shall include the certification by a professional engineer licensed in Colorado that the drainage facilities which serve any particular phase of the Development have been constructed in conformance with said Final Development Plan Documents. Said certification shall be submitted to the City at least two weeks prior to the date of issuance of additional building permits in any phase being certified. 2. The Developer shall be responsible for maintaining the structural integrity and operational functions of all drainage facilities throughout the build -out of this Development. If at any time following certification (as required pursuant to paragraph one (1) above) of said drainage facilities and during the construction of structures and /or lots within this Development the City reasonably decides that said drainage facilities no longer comply with the approved Final Development Plan Documents, the City shall give written notice to the Developer of all items which do not comply with the Final Development Plan Documents.. Unless the Developer successfully appeals the decision of non-compliance, it shall bring such facilities back up to the standards and specifications as shown on the approved Final Development Plan Documents. Failure to maintain the structural integrity and operational function of said drainage facilities following certification shall result in the withholding of the issuance of additional building permits and/ or certificates of occupancy until such drainage facilities are repaired to the operational function and structural integrity which was approved by the City. 3. The Developer agrees to provide and maintain erosion control improvements as shown on the Final Development Plan Documents to stabilize all over - lot grading in and adjacent to this Development. The Developer shall also be required to post a security deposit in the amount of $ 23,728.88 prior to beginning construction to guarantee the proper installation and maintenance of the erosion control measures shown on the approved Final Development Plan Documents. Said security deposit(s) shall be made in accordance with the criteria set forth In the City's Storm Drainage Design Criteria and Construction Standards (Criteria). If, at any time, the Developer fails to abide by the erosion control provisions of the approved Final Development. Plan Documents or the erosion control provisions of the Criteria after receiving notice of the same or an emergency situation exists which would reasonably require immediate mitigation measures, then, in either event, and notwithstanding any provisions contained in paragraph III(J) to the contrary, the City may enter upon the Property for the purpose of making such improvements and undertaking such activities as may be necessary to ensure that the provisions of said plans and the Criteria are properly enforced. The City may apply such portion of the security deposit(s) as may be necessary to pay all costs incurred by the City in undertaking the administration, construction, and/or installation of the erosion control measures required by said plans and the Criteria. In addition, the City shall have the option to withhold building permits and certificates of occupancy, as stated in Paragraph I11.D of this Agreement, as it deems necessary in order to ensure that the Developer installs and maintains the erosion control measures throughout the build -out of this Development. 4. It is important that all buildings be graded to drain in the configuration shown on the Final Development Plan Documents. For this reason the following additional requirements shall be followed for all buildings and all lots: a. Prior to the issuance of a certificate of occupancy for any lot or building the Developer shall provide the City with certification that the lot and or the building has been graded correctly. This grading certification shall demonstrate that the lot or building finish floor elevation has been built in accordance with the elevation specked on the Final Development Plan Documents. The certification shall also show that the minimum floor elevation or minimum opening elevation for any building constructed is in compliance with the minimum elevation as required on the Final Development Plan Documents. The certification shall demonstrate as well that any minor swales adjacent to the building or on the lot have been graded correctly and in accordance with the grades shown on the Final Development Plan Documents. The certification shall also show that the elevations of all corners of the lot are in accordance with the elevations shown on the Final Development Plan Documents. Said certification shall be completed by a Colorado licensed professional engineer and shall be submitted to the City at least two weeks prior to the date of issuance of the desired certificate of occupancy. 5. The Developer shall obtain the City's prior approval of any changes from the Final Development Plan Documents in grade elevations and/or storm drainage facility configuration that occur as a result of the construction of houses and/or development of lots, whether by the Developer or other parties. The City reserves the right to withhold the issuance of building permits and certificates of occupancy for this Development until the City has approved such changes as being acceptable for the safe and efficient delivery of storm drainage water. 6. The Developer shall restrict construction activities for: the storm drainage improvements associated, with this Development to the limits of construction as shown on the Final Development Plan Documents. The contractor shall re -seed and/or restore all areas that are disturbed during construction of the storm drainage improvements in accordance with the Final Development Plan Documents promptly following construction. The Developer shall ensure that all work related to the restoring of disturbed areas is done expeditiously and in accordance with the Final Development Plan Documents and that no grading is done outside of the approved areas as .shown on the Final Development Plan Documents. 7. The Developer shall obtain a Floodplain Use Permit from the City prior to commencing any construction activity within the Dry Creek Floodplain Limits as delineated on the Final Development Plan Documents for this Development. Additionally, the Developer shall obtain a floodplain use permit prior to obtaining any building permit for any lot that is located within the Dry Creek floodplain as delineated on the Final Development Plan Documents for this Development. Prior to the issuance of a Certificate of Occupancy for any structure located within the delineated Dry Creek floodplain, the Developer shall submit and obtain approval of a FEMA elevation certificate that shows that the structure built complied with all FEMA floodplain regulations. Such a certificate shall also show that the structure complies with all the details and elevation tables for floodplain lots as shown on the Final Development Plan Documents for this Development. 8. The Developer is obligated to maintain all on -site storm drainage facilities not accepted for maintenance by the City and all off -site storm drainage facilities not accepted for maintenance by the City serving this Development. The Developer shall ensure that detention facilities are maintained and that the pumping system that is installed in conjunction with the permanent retention facility is in good operational condition at all times. The Developer shall further guarantee that the retention/detention pond shall be maintained in a way that will guarantee that it would not become a nuisance to the public, and shall make sure that the pond does not have a permanently exposed water surface. 9. The Developer shall obtain a permit for grading and construction of improvements within the Lake Canal right of way, or enter into a contract with the Lake Canal Company for grading and construction within their right of way. Such permit/ contract shall include the Developer's Agreement to indemnify and hold harmless the Lake Canal Ditch Company ("Irrigation Company") and the City from any claims, damages, injury or cause of action against the Irrigation Company or the City by the Developer, or its successors and assigns, in relation to the normal operation and use of the ditch by the Irrigation Company. The Developer shall further indemnify and hold harmless the City and the Irrigation Company from any such claims, damages, injury or causes of action by third parties which result from the increase in stormwater flows added to the canal by the Developer in excess of historic flows except as such claims, damages, injury or cause of action are a result of a negligent act or acts of the Irrigation Company. 10. No construction activities shall be undertaken within the Dry Creek Floodway as delineated on the Final Development Plan Documents. The boundaries of the floodway area shall be staked and posted as a no disturbance area. The area encompassed within the floodway limits cannot be used during construction for equipment storage, material storage, or temporary storage of fill dirt. Failure to comply with such a condition shall result in the stoppage of work on the site, withholding of building permits and/or certificates of occupancy in this Development and the implementation of all other applicable City of Fort Collins floodplain and floodway regulations. D. Streets. 1 • Subject to the conditions of this Agreement, the City agrees to reimburse the Developer for oversizing public street improvements along Redwood Street and Jerome Street for those portions of said street abutting the Property as shown on the Final Development Plan Documents. Reimbursement for Redwood Street and Jerome Street shall be for oversizing the from local (access) standards to collector standards including the demolition of the building within the Redwood Street right-of- way. The City shall make reimbursement to the Developer for the aforesaid oversized street improvements in accordance with Section 24-112 of the Code of the City. The Developer agrees and understands that the City shall have no obligation to make reimbursement payments for street oversizing unless funds for such payments shall first have been budgeted and appropriated from the Street Oversizing Fund by the City Council; and the Developer further understands that to the extent that funds are not available for such reimbursement, the City may not, in the absence of the Developer's agreement, require the construction, at the Developer's expense, of any oversized portion of streets not reasonably necessary to offset the traffic impacts of the Development. The Developer does hereby agree to construct the aforesaid oversized street improvements with the understanding that the Developer may not be fully. reimbursed by the City for the cost of such construction. The Developer further agrees to accept payment in accordance with Section 24-112 (d) of the Code of the City as full and final settlement and complete accord and satisfaction of all obligations of the City to make reimbursements to the Developer for street oversizing expenses. !t is anticipated by the City that the City's reimbursement, in accordance with Section 24-112 (d), would not be less than fifty percent (50%) of the Developer's actual expenses incurred and will be calculated in accordance with the formula as set forth in Section 24-112 (d). 2. It is understood that the improvements that are to be constructed in the public right-of-way as described in this Section II(D) are "City improvements (as defined below) and, as such, any contract for the construction of the same must be executed in writing. If the cost of such improvements exceeds the sum of Thirty Thousand Dollars ($30,000), the contract for the construction of the same must be submitted to a competitive bidding process resulting in an award to the lowest responsible bidder; and evidence must be submitted to the City prior to the commencement of the work showing that the award was given to the lowest responsible bidder. If the cost of such improvements exceeds Fifty Thousand Dollars ($50,000), the contract for the construction of the improvements must be insured by a performance bond or other equivalent security. For purposes of this paragraph, the term "City improvements" shall mean either (1) existing improvements owned by the City that are to be modified or reconstructed, or (2) any improvements funded in whole or in part by the City. 3. No building permits shall be issued on lots 8 and 9 of Block 9 until such time as the alley connection through to Oslander Street is built and accepted by the City, and the temporary turnaround easement is vacated. 9