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2896 169
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_, TillS DE,'VELOPliENT 1,GREE::./E,vT, (as provided by paragraph D, Development
/,greem'.cnt, t"i thin Sr::C"TO:! SEVEN: VARIANCES, of the SUBDIVISIO.V RE:GU-
UiTUX!S of the CITY OF [mEAT RIDGE, passed, approved and adopted Feb-
ru~ry 7, 1972, as amended) entered into this 1 ,day ~f A0rll
19__1..'2-' bett.,een The City of f;'heat Ridge, a Nunicipa1 Corporation,
hc"ceina[ter referred to as City, and :~,m8c f{l;lck ,I,e] ,comee \Udell) F~ock
h"l'cina[ter referred to as (Ydner. .
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1. !'IHE'REAS, the ~mer is the ti tIed Olvner of d tract 01 land in the
Ci ty of v.rhea t Ri dge, County of Jefferson, Sta te of Colorado, des-
cribed as fol1ol"s:
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CU,,1E Cll; on the northe~ t con"i8l' 01 the i~orth ',:" ,'8et 0: the
LJouth 16 i i eet of Lot ,j, Jlock', : :El'JDEI-(S[j[1 I 5 5UdDlvI5ror: A~1Er~DED
MAP, CJcrordillq to the reLorued ! 1,;1. therEof, City 0:" JJh8at Riciq8,
County of ,1effercull, 5t2te of Colorc:do, de~rribed :::,5 1.1'21-1. one,
therlce I"Jorth "- feet; thence lue:;t Gnd parGllel to the, ,urth line
of ,~id t1'3r:t ur,B L '-'oGl feBt; tl18iiC8 South 00 the i1Jrth ~J. e of
sDid tract orm to the rlOrthG'B2t corn8r thereor; Lhbi-ice Er'st to
the "]oillt 01' iJegim'lingo
2. [lffEREAS, the Owner is developing a tract of land as described
in Paragraph No.1, and in fact is being issued the following
permits to do so: and
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3. flllEREAS, AIl Street Improvemenb
f t L 5t t. said tract of land as descr,lbeaTn
ron ,ing on c,mCiT ,reR
Paragraph No. 1 and the neighboring tract of land are incomplete and belolv
those standards as set out in SECTION FOUR:-DESIGN STANDARDS and SECTION
FIVE: IMPROVEMGNTS of the SUBDIVISION REGULATIONS: and
4. [mEREAS, to be consistant tdth the existing neighboring improvements
and completion or non-completion of those improvements as required
by SECTION FIVE; INPROVEI1ENTS of the SUBDIVISION REGUr.M'IONS ~,ill
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. foJHERE:AS, in order to conform to those l:equirements 2S [;et out in
SECTION ;;-:JUR: DESIGN STANDARDS and SECTION FIVE; INPROVEHENTS of
the SU::JOIVISION REGULATIONS this agreement is hAXeby determined
to be applicable.
nor." THEREFORE, BE IT HEREBY AGREED, THAT
A. Property responsibility for meeting and conforming to those require-
ments as set out in SECTION FOUR: DESIGN STANPliRDS and SECTION FIIlE:
INP"OVENENTS of the SUBDIVISION REGULATIONS is hereby Tecognized and
affirmed.
B. TIle Director of Public f'lorks, upon the advice and consent of the Mayor,
shall direct the O:mec or his assigns and S'lccessorR to llleet t:hose xe-
qu,irements as set out in SECTION FOUR: DESIGN STANDARDS and 8ECTIOll FIVE:
7~PRO::~~'!Er~T~.~:c th~r,~UBl!~~~[Eo,~~^RE~~f3.~IONS.:(,-<~; ~,~..~,l-t ,<:::;:; (:-:;~;-:'
C. Irl'.t!Fie e';e'il't"~~'^'i;;'~rovement 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 J?E:GULlITIONS for those
streets or streets fronting that tract of land as described in Paragraph
No. 1 and the neighboring tract of lands, the O~:neI or his assigns and
successions will not oppose its creation.
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2896 170
D. In the event an improvement district is created by the City to
accomph sh the intent of SECTION FOUR: DESIGN STl\NDil.RDS 2nd
SECTION FIVE: 1l1PROVt:NENTS of the SUBDIVISION REGULATIONS, the
costs acccssable shall be of direct hcnefit to that propc'rty
as d0scribed in Paragraph No. 1 and shall not be costs that are
disproportionate w,ith costs acccssab.1c to other nearb') and like
properties.
E. Upon execution of this DJ-:VELOPf1J-:NT AGREEMENT by the City and O,mers,
the City wd,Z waive the guarantees for public improvements as set
out in SJ-:CTION THREE: PROCEDURE (Subsection C., Paragraph 5.) of
the SUBDIVISION REGULATIONS
F. This Llgreement is execut0d by the O\me?r pursuant to the SUBDIVISIUN
REGUL/1TIONS of the CITY OF WHEf1T RIDGE, passed, approved and adopted
February 7, 1972, as amended.
G. The Parties hereto agree that this DEVELOPMENT AGREEMENT, by its
ter'l1s, 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 AGREEMEN'I' shal Z be recorded wi th the County Clerk and
Recorder.
IN fYTTNE5STH fi/HEREOF, the parties have set their hands and seals on
the date first shown.
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RECOMMENDED BY:
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(~i: :orks Department
APPROVED
J:iS'TO
FORM:
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Ci ty Attorney
City Administrator
DriJNER:
EXECUTED BY CITY:
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Mayor
ATTESTED TO
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j"" ~Gi'ee"Df ColoradO
'Cc;tinty of Jefferson
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The? ~egOing instrument ~'as execute;p;fore me t~ ---.Leu. .
7 19~7/ bl /.J '.I: 6. ~ L;; ,
J/!LI _, -Lb-' y ,/77[.:1/.. . ,I'- " /,J.))./j 1. #,
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day of
Ny commisssion expires:
.Ml Commission exp.:res NO'J~mber 13. 197]
y;/
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Notary Public
2896 170