HomeMy WebLinkAboutQuail Ridge - Development Covenant - Sept 20151 ~11Hrni11m1 ~H11111~11nm 11111 1 H11 ·o so~oo @
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09 /16/2015 10:20:39 AM 14 Page (s)
JEFFERSON COUNTY , Colorado
DEVELOPMENTCOVENANTAGREEMENT
THIS DEVELOPMENT COVENANT AGREEMENT is made as of
the ~ay of September, 2015 by and between the CITY OF WHEAT RIDGE ,
COLORADO, a home rule municipal corporation (the "City''), and TOUCHSTONE
HOLDINGS, INC ., (the "Applicanr), together referred to as the "Parties".
RECITALS :
WHEREAS, the Applicant is the owner of certain real property located in
the City of Wheat Ridge, which is more particularly described in Exhibit A and
made a part hereof (the "Property"), commonly known as Quail Ridge Estates:
and
WHEREAS, the City, after holding all required public hearings and
granting all administrative approvals as prescribed by the Wheat Ridge Code of
Laws (the "Code of Laws"), approved the Final Plat and/or Final Development
Plan for the Property titled Quail Ridge Estates Resubdivision . Copies of the
F inal Plat and/or Final Development Plan are attached hereto as Exhibit B and
Exhibit C, and are incorporated herein ; and
WHEREAS, the Applicant may not in the future be involved with
development of the Property, and in that event should not be responsible for the
site improvements to the Property shown on the approved Final Development
Plan and Final Plat held by the Community Development Department and civil
drawings held in the Department of Public Works of the City, herein referred to
collectively as the "Final Plansn; and
WHEREAS, the Parties understand and agree that the intent of this
Agreement is to establish the obligations and expectations for future
development of the Property in accordance with the Final Plans; and
THEREFORE, in consideration of the mutual promises, covenants and
agreements of the Parties, the approval of the Final Plans by the City, the
dedication of certain land and/or easements to the City and other good and
valuable consideration, the receipt and sufficiency which is acknowledged and
confessed , the Parties hereto agree as follows :
1. Compliance with Final Plan: The entity which develops the Property
(uDeveloper") consistent with the Final Plans , whether the Applicant or a
successor or assign of the Applicant, shall be required to comply with all
applicable sections of Chapter 26 , Articles Ill and IV of the Wheat Ridge Code of
Laws. The Developer shall also furnish all financial guarantees required for
development of the Property by the Director of Public Works and the Community
Development Director acting jointly.
2. Binding Effect: Term: The terms of this Agreement shall be a covenant
running With the Property and sha ll remain in full force and shall bind the
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Property and the successor and assigns of the Parties until such time as the
Developer executes a Subdivision Improvement Agreement or Publ ic
Improvement Agreement, whichever is applicable, (herein referred to as "Future
Agreement") in preparation for development of the Property. The executed
Future Agreement shall replace this Agreement in its entirety and shall b ind the
Developer to complete all required improvements as shown on the Final Plans as
approved by the City of Wheat Ridge Director of Public Works and the
Community Development Di rector jointly. Once a Future Agreement has been
approved by the City and recorded with the Jefferson County Clerk and
Recorder, this Agreement shall be released , and the C ity shall execute all
documents reasonably necessary to do so .
3. Sale of Property : No sale of individual lots or any co llection of individual
lots which do not equal the entirety of the Property as described In Exhibit A
may occur until such time as a Future Agreement has been executed . This
paragraph shall not prevent the Appl icant or a Developer from conveying or
selling the entirety of the Property to a third party , subject to all terms and
conditions of th is agreement.
4 . Issuance of Building Permits: The City shall not issue any building permit
for any individual lot within the Property unti l an approved Future Agreement has
been executed by the City and the then-owner of the Property. Bui lding permits
for individual lots may be issued by the City conditioned upon compliance with all
terms listed in the Future Agreement.
5. Fees Associated with Development of Property: All bu ild ing permit fees ,
park land ded ication fees, review fees and security for construction of publ ic
improvements shall be paid by the Applicant. or in the event the Property is
conveyed , by the Developer who executes the Future Agreement. The Appl icant
shall not be responsible for the payment of such fees un less the Applicant
executes the Future Agreement as the Property Developer. The park land
dedication fees shall be due at the time of recordation of the Subdivision
Improvement Areement.
6. Homeowners Association : The Developer, as executor of the Future
Agreement, shall be responsible for t he establishment of and the recordation of
rules governing a homeowners association for the Property. The Applicant shall
not be responsible for the establishment of a homeowners association , unless
the Applicant is the Developer, the Property may not be developed, and no lots
may be sold prior to creation of the homeowners association. The Homeowners '
Association will be the responsible party for maintenance of the detention areas
designated as Tracts A and B and any other common areas .
7. Improvements to Property: No site work shall be performed on the
Property until a signed Future Agreement has been executed and the proper
permits for the same have been issued by the City . For t he purposes of this
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paragraph, "site work· is defined as any grading, clearing , excavating or
depositing of materials in conjunction with site development consistent with the
approved Final Plans. Nothing in this paragraph shall prevent the demolition of
any existing structures or the general maintenance of the Property, provided
proper pennits are issued by the City .
8. Record ing : This Agreement shall be filed for record with the Jefferson
county Clerk and Recorder, the fees for wh ich shall be paid by the Applicant.
Dated this I~~ day of September, 2015.
APPLICANT:
13200 W . 43rd Drive, Unit 207
Golden, Colorado 80403
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ATTEST:
STA TE OF COLORADO
COUNTY OF JEFFERSON
)
) SS.
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The foregoing acknowledged before me this ti day of September, 2015,
by Daniel Mues , as V ice President of Touchstone Holdings . Inc ., Applicant.
<seal>
Notary
My commission expires : [eh 4, ,2() I ?
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EXHIBIT A
Legal Description of the Property
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EXH!BITA
LE.GAL Df',SC!UmIDI Of PJtOPf.RJ)'
A PAllCEL Of LAND l...OCA Tm IN THE WEST ONE HALF Of SECTION 16, TOWNSHIP 3 SOUTM. IANGf.69
WESTOFTHE611f PIUNCIPALMEIUDlAN, COUNTY OF IEFF'ERSON, STATS OF OOLOltADO, BEING A
PORTION OF LANO DESalBED lN RECEPTION N0.13042942, coumY PUBLIC UCOIU>S, JNCWDfNG A
7-' FEET, MOR£ OR LESS. W1DE STIUP OF LAND DESCUBED IN UCEPTION NO. 2007001'40. MOR£
PAJlTIC'Ul.All. Y Dl!SOJBED AS POU..OWS:
NOTI:: FOil THE PUR.POS6 OF THJS 0£SCRJP110N TH.E BASrs OF BE.ARING$ lS THE SOlmf UNE OF Tl4E
NORYHWEST QUARTll Of SECTION 16 AS BEA!UNCl NOllm 19"32'54• EAST BETft'l!E'N THE FOUND 3
INCH DIAMETEll AU.IMOOJM l'U'E5 WITH 3-1 14 nfCR DJ>.METD. BUSS CAP ST AMPED LS. 13212
MAllD«i THE SOUTHWEST COQlEll AND THE SOlTJl(EAST ootlNEJt OF SAJD 1'IOR1lfWF.ST QUARTal
COMMENCING AT 1lfB SOUTHW!ST CORNER OF SAID NOllnfWEST QUARTl!ll OF SECTlotl 16; 11fENCE
NORTH WJ2'S4• EAST Al.ONO THE SOUTH LINE Of SA1D NOaTHWEST QUAl.T2Jl OF SE'CT10N 16.
I 329.67 FEET TO A FOUND 314 rNCH DIAM£TER REBAR WTTH 2-lfJ. INCH DIAMETER ALUMJMJM CM
STAMPED L.S. 16427MAAJC»IG1llB S'IOCJTHWESTa>ll>'EJl OfTHE SOVTHEASTQUAIUB OF SAID
NORTHWEST QUARTER Of SECTION 16;
THENCE CONTINUING ALONG THE SOllnf LINE Of SAW NOltnt'NEST QUAllTEJl OF sttTJON 16,
NORnt WJ2'S4" EAST, 1$.00 FEET TO THE ntJE POINT Of BEGrNNtNG; 1llENCE Al.ONO THE WEST
LINE OF LAND DESCJUBED IW lt.ECEPTION NO. 130G942. BEING PAUUJ!l. TO AMI> JS PEET BAST OF
THE WEST LINE Of Tife SOUTHEAST QUAATa OF THE NOltn4WEST QUAJlTD OF SAD> Sf.CT10N 16.
NOJmf 00"15'04" WEST. Ul.39 FEET TO A FOUND Sii JNOi DlAMETB l.E8AA wmt PLAS11C CAP, LS.
29043; 1lfENcr NORTH~· EAST. 447 .19 FEET TO A POtNr ON THE WEST LIMB OF A STlJP OF
LAND DESCRlBED IN lEC£PTION NO. 2007001140; THENCE NOllTH l9"'3l'509 E.AST. 7.69 FEET TO A
POINT ON THE \VDT LINE OF SJ<.YUNC ESTATES f11JHG WO. 2. RECl!PTlON NO . F1116752, COUNTY
PUBLIC A.F..COR.DS. SAID POINT At.so al!INO ON THE EAST LINE OF SAID STRIP Of LA.ND; nma
SOUTH 00"12'Sr £AST, ALONO SAID WEST LINE OF SKYLDE ESTA TES m.JNO NO. 2, AND ALONG T1IE
EAST LINE OF SALO SllUP Of LAND. lll.44 FEET, TO A POINT ON THE SOUTH LINE OP 1lfE
NOlmfWEST QUAJtTEll OF SECTION 16, SAID f'OD(f BEJNO llfE SOUTHWEST CORNEJl OF SKYLINE
ESTA TES F1LCNG NO. 2, SAID POINT ALSO 88JNO THE SOUT1fEAST CORNER OF SAJD STaJP OF LAND;
THENCE SOUT1f W32'S4" WEST, ALONG lllE S0\1TH LINE Of 11fE NOflTHWl!ST QUARTD OF Sl!C'J10N
16. AND A.LONG THE SOUTH UN! OF SAID ST1UP Of LAND. 1 .44 FEET TO lHE S0UTRWEsT COlHEI. OF
SAJI> STlllP OF LA>a>: 11CENC2 SOl1TH 00" I S'l6" EAST, II! ,4' fEBT TO 1llB BASE Of A BENT .. R.EBAA;
THENCE ON THE NORTHERLY JUQHT.()F..WAY IUDOB ROAD AS DESalBl!D JN BOOK IM AT PAGE m.
scum 74•44'16" WEST, 463.62 FEET; THENCE ON THE WEST lJNE Of LAND DESOIBED IN a£Cl!P110N
NO. 13042942, 8EINO PAJlAU.El. TO AND IS FEET EAST OP THE WEST Ll'NE OF TH£ NOkTHBAST
OUAR'IU OF rnE SOUTHWEST QUARTER OF SAID SECTION 16. NC>anf 00"16'21" WEST. 300.00 FEET TO
THE T1lUB POf){T Of BEOINNIHG
SAID PAllCEL CONTAINS U6J2 ACRES (211)l6 SQ. FT.). MORE OR LESS.
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EXHIBIT B
Final Plat
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QUAIL RIDGE ESTATES RESUBDIVISION
A REPLAT O F QUAIL RIDGE ESTATES
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A PORTION OF THE 'M:ST HAl.f OF SECTIOH 111.
TOWNSHIP 3 SOUTH , RANGE 88 YEST OF THE llTH P M
CITY OF WHEAT RIDGE. COUNTY OF JEFFERSON
STATE OF COLOf\AOO
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EXHIBITC
Fina l Development Plan
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