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DEVELOP:1ENT AGRcENF.NT 0
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THIS DEVF.WPiIENT AGREEMENT, (as provided by paragraph D, Development
Agreement, ~li thin SECTro!l SEVEN: VARIANCES, of the SUBDIVISION REGU-
LATIONS of the CITY OF ~'HEAT RIDGE, passed, approved and adopted Feb-
ruary 7, 1972, as amended) entered into this 17th , day.of June
19~, between The City of Wheat Ridge, a Municipal Corporation,
hereinafter referred to as City, and Verne S, Ressler
hereinafter referred to as ~'lner.
riITNESSETll :
1. WHEREAS, the ~'lner is the titled Owner of a tract of land in the
City of Wheat Ridge, County of Jefferson, State of Colorado, des-
cribed as follows:
The East ~ of Lot 5, Karen Subdivision,
County of Jefferson, State of Colorado
Also known as 4335 Harlan Street
Refer to Exhibit "A"
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2. WHEREAS, the Owner has developed
in Paragraph No.1, and in fact,
to do so: and
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that tract of land as 'ilescribed.. -_.._
has been issued a Building Permit
"uUrl') of Jefierson ~tate 01 C
Pecorcecl IN
650
3. fVHEREAS,
fronting that tract of land as described in Paragraph No. 1 and the
neighboring tracts of land are incomplete and below those standards
as set out in SECTION FOUR: DESIGN STANDARDS and SECTION FIVE: I11PROVE-
MENTS of the SUBDIVISION REGULATIONS: and
85 Feet
4. WHEREAS, to be consistant with the existing heighboring improvements
and completion or non-completion of those improvements as required
by SECTION FIVE: IMPROVEMENTS of the SUBDIVISION REGULATIONS will
make no significant change at the present in those streets fronting
that tract of land as described in Paragraph No.1, and the neigh-
boring tract of lands; and
5. WHEREAS, in order to conform to those requirements as set out in
SECTION FOUR: DESIGN STANDARDS and SECTION FIVE: IMPROVEMENTB of
the SUBDIVISION REGULATIONS this agreement is hereby determined
to be applicable.
!lory, THEREFORE, BE IT HEREBY AGREED, THA T
A. Property responsibility for meeting and conforming to those require-
ments as set out in SECTION FOUR: DESIGN STANDARDS and SECTION FIVE:
IMPROVEMENTS of the SUBDIVISION REGULATIONS is hereby recognized and
affirmed.
B. The Director of Public r'lorks, upon the advice and consent of the Mayor,
shall direct the Owner or his assigns and successors to meet those re-
quirements as set out in SECTION FOUR: DESIGN STANDARDS and SECTION FIVE:
IMPROVEMENTS of the SUBDIVISION REGULATIONS.
C. In the event an improvement district is created by the City to implement
those requirements as set out in SECTION FOUR: DESIGN STANDARDS, and
SECTION FIVE: IMPROVEMENTS of the SUBDIVISION REGULATIONS for those
streets or streets fronting that tract of land as described in Paragraph
No. 1 and the neighboring tract fo lands, the Owner or his assigns and
successions will not oppose its creation. ..'.
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2750 650
D, In the event an improvement district is created by the City to
accomplish the intent of SECTION FOUR: DESIGN STANDARDS and
SECTION FIVE: IMPROVEMENTS of the SUBDIVISION REGULATIONS, the
costs accessable shall be of direct benefit to that property
as described in Paragraph No. 1 and shall not be costs that are
disproportionate with costs accessable to other nearby pnd like
properties.
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E. Upon execution of this DEVELOPMENT AGREEMENT by the City and Owners,
the City will waive the guarantees for public improvements as set
out in SECTION THREE: PROCEDURE (Subsection C., Paragraph 5.) of
the SUBDIVISION REGULATIONS
F. This agreement is executed by the Owner pursuant to the SUBDIVISION
REGULATIONS of the CITY OF WHEAT RIDGE, passed, approved and adopted
February 7, 1972, as amended.
G. The Parties hereto agree that this DEVELOPMENT AGREEMENT, by its
terms, shall be binding upon the City and the Owner, and upon the
assigns and successors thereof; and shall constitute covenants
running with the described property.
This DEVELOPMENT AGREEMENT shall be recorded with the County Clerk and
Recorder.
IN WITNESSTH WHEREOF, the parties have set their hands and seals on
the date first shown.
partment
RECOMMENDED BY:
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Public Works Department
APPROVED AS TO FORM:
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Ci ty Attorney
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City Adminis rator
EXECUTED BY OWNER:/
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BY CITY I
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Mayor
ATTESTED TO .BY:
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State of Colorado
County of Jefferson
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The ,~regOing instrument
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was executed bet'ore me
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My cOmrrUsssion expires:
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Notary Public
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KAREN
SUB DIVISION
N. KNoW IILL MEN Dr 7HCSE: PRCSE;NTS.- THAT
:NE:O I'/S OHNCII or rHE: LIIND INC,LUOCD IN THC 'lC(;ON-
PLAr #"'V. SUBDIVIDED 71/. SIIMt:. UNO"'? THe lVI/HE ,,,r
LccnTJ:O IN PNO CDHPR1SlNC rJ:leT of THE' N~n-HEA$rY+
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