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Exhibit "H" .'
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2~)~'L,J19
DEVELOPMENT AGREEMENT
THIS DEVELOPMENT AGREEMENT, as authorized by the SUBDIVISION REGULATIONS of
the CITY OF WHEAT RIDGE, is entered into this -2B day of March
19Z2., between the City l C vJheat Ridge, a r'1unir:ipal Corpora'tion, hereinafter
referred to as City, and Ravmond Valente
hereinafter referred to as-Owner- --------
WITNESSETH:
1. WHEREAS, the Owner is the titled Owner of a tract of land in the City of
Wheat Ridge, County of Jefferson, State of Colorado, described as follows:
From Deed of Trust recorded in Book 1708 Page 7.
West 100' of Lot 1 Book 1 Holr~ Subdivision according to the
recorded plat therefore. County of Jefferson State of Colorado.
2.
WHEREAS, the Owner desires to develop that tract of land as described 1n
Paragraph No.1, and in fact, has been issued a Bui'jing Permit to do so;
and
3.
WHEREAS, ~Rth R RRRri 5trRRts-'lll tmru:ovements on_Qp.1.~....5'_t...l7..eet~_~
boarding t at tract of land as descrlbed in Paragraph No I and the
neighboring tracts of land are incomplete and below those standards as
set out in the SUBDIVISION REGULATIONS of the City; and
4.
WHEREAS, to be uniform and cons~stant with the existing neighboring improve-
ments and complet;on or non-completion of those improvements as required by
SECTION FIVE: IMPROVEMENTS of the SUBDIVISION REGULATIONS will ITiake no
significant change at the present in those streets fronting that tract of
land as described in Paragraph No. I, and the neighboring tracts of land;
and
5,
WHEREAS. in order to conform to those requ~rements as set out in the SUB-
DIVISION REGULATIONS of the City, this agreement is hereby determined to
be proper.
NOW, THEREFORE, IT IS HEREBY AGREED, THAT:
A. The responSibility for meeting, conforming to and providing those require-
ments as set out in the SUBDIVISION REGULATIONS of the rity is hereby
recognized by Owner.
B. The Director of fublic Works, upon the advice and consent of the Mayor,
shall direct the Owner or his assigns and successors to meet those require-
ments as set out in the SUBDIVISION REGULP,TIONS of the City.
C, Upon receipt of such notice to fur'1ish or construct ti e nublic improvement
as required under the SUBDIVISION REGULATIONS of the City, Owner hereby
agrees to construct and furnish a~Owner's cost, such improvements as are
required by the SUBDIVISION REGULATIONS of the City, and to do so in con-
formance with tile design standards of the SUBDIVISION REGULATIONS of the City,
D. In the event an improvement di stri ct is created by the Ci ty to improve or
provide those requirements as set out in the SUBDIVISION REGULATIONS for
those streets or streets fronting that tract ot land as described in
Paragraph NO.1 above and the neighboring tracts of lands, the Owner or
his assigns and successors agree not to oppose its creation,
E. In the event an improvement district is created by the City to provide
the improvements as provided by the SUBDIVISION REGULATIONS, the costs
accessable against the property as described in Paragraph No.1 shall not
be disproportionate with costs accessable to other nearby and like properties.
2~)1:-i'1 719
...
2~~t-l7 720
F. Upon execution of this DEVELOPMENT AGREEMENT by the (it) and Owners, the
City will waive the immediate quarantees for public improvements as set
out in the SUBDIVISION REGULATIONS of the City.
G. This agreement is executed by the Owner pursuant to t~e SUBDIVISION REGULA-
TIONS of the CITY OF WHE~T RIDGE.
H. 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 runn~n~ with the described
property.
This DEVELOPMENT AGREEMtNT shall be recorded with the County Clerk and Recorder.
IN WITNESS WHEREOF, the parties have set their hands and seais on the date first
shown
RECOMMENDED BY:
APPROVED AS TO FORM:
lL~~
City Attorney
~1C~lJ _'ll77
,~:i:~~HY Deve/mentDePa-~
! APPRO'JED AS T 'I"lTENT:
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City Administrator
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PubJlic Works Department
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EXjTED BY OWNER: '.
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EXECUTED BY CITY:
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~'I/f7 ,..L4 Z~_
Mayor
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ATTESTED TO BY: '
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City =lerk ~,. ,}
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COUNTY OF JEFFERSON
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The foregoing
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instrument wa: execl.ted ~efore me _~i ~ _,~-;/ 5 :-____ day of
, 192~' by f~Y77.'rz1CLJ:-:l/~>.tF, ______________
.~. ",I,
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Notary PubllC
My Commission Expires:_,c/>k, o~-=z. /."l,':'~
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