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