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HomeMy WebLinkAboutResolution 2016-0003TITLE: CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 03 Series of 2016 A RESOLUTION TERMINATING THE 1995 DEVELOPMENT AGREEMENT, AS AMENDED, BETWEEN THE CITY OF WHEAT RIDGE AND THE 38TH AND SHERIDAN, LTD. PARTNERSHIP AND DILLON COMPANIES, INC. WHEREAS, on April 28, 1995 the City entered into a Development Agreement with 38th & Sheridan, Ltd. and Dillon Companies pertaining to future development at the northwest corner of 38th Avenue and Sheridan Blvd; and WHEREAS, a First Amendment to the Development Agreement was approved on July 22, 2002 allowing for the construction of a fueling station on the parcel; and WHEREAS, the Development Agreement provided for the parcel to be transferred to the developer upon compliance with certain conditions; and WHEREAS, the Council has previously adopted an ordinance approving the property transfer in accordance with the Home Rule Charter; and WHEREAS, the developer has satisfied all requirements of the Development Agreement; and WHEREAS, now that such requirements have been performed, the Development Agreement may be terminated; and NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge, Colorado, as follows: Section 1. The 1995 Development Agreement between the City of Wheat Ridge and 38th & Sheridan, Ltd. and Dillon Companies, as amended, is hereby terminated, and the Mayor, City Clerk and City Attorney are authorized and directed to prepare and execute such instruments as are necessary to effect the same. DONE AND RESOLVED this 251h Day of Jan ATIEST: tA-. u_ . ~') I ~-r C·,~ J e Sn~r. City Clerk