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D!;VF:[~OPilf'N'f liGE<CE;i.JENT
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2896 171
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,.r7'i!lS [);-:VCLOPliCNT AGf<CEi-lE:NT, (as provided by paragrap'J [), Developr.1ent
/'CJrcc;;"~nt, Hi thin Sf:(":'[O:'! Sf-VEN: l'ARII1NCES, of thO' SUBDIVISION REGU-
r,:\'f'10::S of the CITY OF' ['IfIE;AT RIDGE, passed, approved and adopted F"b-
linn} 7,1972, as amended) entered into this h' clay-c:f !\"'L"
1'1._-=,-_, betlH'cn The City of f/heat Ridge, a Nunicipal Corporation,
h,,'n,iilclftcr refc:rrcd to as City, and ':U;I,:' '0 l.. P ~:f'
,~j,":'('ina[t:t.--'T referred to as Qr..,ncr~
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, }U'J'dESSI71l:
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.I. !mCIIEAS, the ~mer is the ti tled O;-mer of a tract of land in the
City of ~~eat Ridge, County of Jefferson, State of Colorado, des-
cribed as follows:
, ...
h~? ':jDLr~h ! j F'8-lJ' I "he we~.,t feet o-(~ l,he... E:-~' t
L "kevic Su _livi iCl!~ _ - OI'Ul ;L] L,- the rE urcBr:- j 1
COUl\tv DI 'ir-l,ff8r"JO)I, 5t3te Cij~ Color:-,Oll.
or -,Jr.lr~ u'J
thEl'Ci:JT1
2. UllEREAS, the Owner is developing a tract of land as described
in Paragraph No.1, and in fact is being issued the follo",ing
permits to do so: and
3. mlEREAS, ~\ll Street j n,r:rovemEmt
front,ing 0" !+!,th Avenue (b425 W.44IfilSaid trac.7't of land as descr~beQTiJ
Paragraph No. 1 and the neighboring tract of lilnd are ,incomplete and below
those standards as set out in SECTION FOUR','VESIGN SThNDARDS and SECTION
FIVE: IMPROVEMENTS of the SUIJDIVISION REGULllTIONS: and
<1. WiE:REAS, to be cpnsistant v.ri th the existing neighboring improvements
and completion or non-completion of those improvements iJS required
by SECTION FIVE: IMPROVEMENTS of the SUBDIVIS10N REGfJI.M'lONS \-,i1l
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 POUR: DESIGN STANDARDS and SECTION FIVE: IlJPROVENENTS of
the SUBDIVISION REGULATIONS this agreement is hereby determined
to be applicable.
l1or", THEREFORE, BE IT HEREBY AGREED, THAT
A. Property responsibility for meeting and conforming to those require-
ments as set out in SECTION FOUR: DESIGN STANDi'lRDS ana SECTION FIVE:
IMP.'(OVENENTS of the SUBDTVISION REGULATIONS is hereby recognized cmd
affirmed.
B. The Director of Public Works, upon the advice and con~ent of the Mayor,
shall direct the O:~ne::: or his assigns and S'Jccessors to meet those re-
quirements as set out in SECTION FOUR: DESIGN STANDARDS and SECTJOll rIVE:
IMPROVEMENTS of the SUBDH'ISION REGULATIONS, eN WI,,,..11. ,<-V'<'VI oc.uo'\lel:,
c>~ HiJ .1t~5.17r.J~ HI\;ci.. ...JA_,-'\:.~":'_'('-~ <..:.;rtA.......... M":'''Lf f.l,...-\...- -':-....../'......, ..J~11-I
C. In"the ~'(,Jr:t"~.;;-l:;,provement district is created by the City to implement
those requirements as set out in SECTION FOUR: DESIGN STANDARDS, and
SECTION FIVE: IN!?ROVENENTS of the SUBDIVISION REGULliTIOilS for those
streets or streets fronting that tract of land as described in Paragraph
No.1 and the neighboring tract of lands, the Ovmer or his ass.igns and
successions will not oppose its creation.
2896 171
2896 172
D. .Tn the event an improvement district is created by the City to
accomplish the intent of SECTION FOUR: DESIGN STANDARDS and
SECTION FIVE: INPROVHMENTS o.f the SUBDl VISION REGULATIONS, the
costs accessable sha.l1 be of d~rect benefit to thilt properLy
ciS dc'scribed in Pilragrilph No. 1 and shall not be costs thilt are
disproportionate Ivith costs accessablc to other nearby and like
properties.
E. Upon f'xecution oj' this DEVELOPMENT AGREEMENT by the Ci ty and Owners,
the City w,ill waive the guarantees for public improvements as set
out in SECTION THREE: PROCEDURE (Subsection C., Paragraph 5.) of
the SUBDIVLSION REGULATIONS
F. This agreement is executAd by the almer pursuant to the SUBDIVISION
REGULATIONS of the CITY OF WHEAT RIDGE, passed, epproved 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.
III WITNESSTH fvHEREOF, the parties have set their hands and seals on
the date first shown.
RECOMMENDED BY:
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JJ:JL 0 /j _;:.:kJj~
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.~ lj.-I(.,. 7(.'
Development (partment
Public Works Department
APPROVED AS TO FORM:
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City Attorney
EXECUTED BY OWNER:
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r::..-6 <-AX"
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EXECUTED B~CITY:
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./;Z.7::..;..
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Mayor
of,.)",:
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State of Colorado
County oE Jefferson
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ATTESTED TO By:.6 "
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(/~i.lb_ ::<?tA~.4' :
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Ci ty Clerk ';"'.\ . .<;~;
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Tho foregoing instrument was executed
/~~7/l./ ( , 19.;:,L, by
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befyre me this . ~~
(f 1f1 / ffL( .. -?(" ~
day of
My commisssion expires:
M" CQ""'ico:)" @"p:w NO"'ffiJ0f 13 19n
J I .. I II . . 0 ,L; I... I.
~,U /~:ir,/><~
Notary Public
2896 172