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HomeMy WebLinkAbout0049 EX!li~it ')H" -, v 91:05~8 , i, "i il~ S, 1 (;, .02, 10 V :,lrll[1 '( ,,I ,Jeil,;" i 51.1tO (lj iJ;, 3_.2 ~ _':"'.Sf ,.f.r~ \1< , , \.. "., . ~ ~ fl- . ,..-..-' 31 07 70~Of ~!- THIS DEVELOPMENT AGREEMENT, 2S authorized by the SUCJIVISION REGULATI01S / thE CITY OF VJHEAT RIDGE, is Er,tered in"o n,'is -;Y" day of ,.t1.JZffiul 192,7, between the City of \.Jheat Rdge" d 'lul.irioal Corforatio'l" he'relna referred to as City, and ROCCO D. ASTuNO JR. AND ALBER J. NARKACCI SR. nerei nafter referl^ed to as-O'v/tlf~~~._-------------------- ---.- -----~--_. ---------- 1)[ V[l!lPrm.HM,REPiUrr' - "--_._-..-------,--- "--- ----- W IHIESSETH: 1. ImE'REAS, the Owner is the titled O\llwr of a tract of 1cJnd in tne Clty of Wheat Ridge. Count.y of ,jeff2rson, Stat.e or Cc;lorado, d,?scl'ihef! a', "OnOViS' LOTS 1 AND 2 EXCEPT THE NORTH 5 FT. THEREOF, KELLEY SUBDIVISION, FILING #1, ACCORDING TO THE RECORDED PLAT THEREOF, COUNTY OF JEFFERSON STATE OF COLORADO. 2. I'!HEREAS, the ()vmer desires to ,Ievelop that t,-c1C~ of Lmrl dS descri~ed in ParagTaph No.1, ar,d in fact, has been 'ssu'C!d b'.li Idil f, ~'erl1lit t.o do so, and 3. WHEREAS, CURB, GUTTERS AND SIDEWALK ON W. 44TH AVE. ON LOTS 1 AND 2 AS REFERRED IN boarding thaCtracT of~!ailLi ds--a:::sc::-ribeTTn-Pari'lq'r?rr''']1o'lar':r-t,71e''- PARA. #1. neiahboring tracts of land ar0 incomplete and below those ctandards as set out in the SIJ!3LJIVISIOiJ r{EGUl.ATIONS of the City; and 4. WHERE/\,S, to be uniform and consistant ',vith the existing neinhborinq ii11\Tove- ments 'tnd comp1etior; or nen-completion of thos impruvements nS reqUired by SECTION FIVE: IMPROVEMENTS of the SUBDIVIS!0H REGULATIONS will make no si~nificalJt change at the pre<ent in those s~re(ts frontinq chat tract of land as rlesrribed in Paragrarh no. I, and t!ff- n"iqh"Jr~:;q trd"ts nf l"wJ; and 5. !:IHEPE,~S, 1 n ol'der to confori'i to those rec;u 1 r'ements as set cut ; n the sue- D I V I S ION REG!JUiT lLJNS of the C itj, thi s ag re',;mei'l cis h21'eby df'termi ned to be propET. NOW, THEP~FD~E, IT 13 HEREQi AGReED, THAT A. The respol1sibi1itv for meetilll" ccnforminq tn dnd provid ir"~ +flO e requl:,' ments as ~et out in the SUSD;\jlf::IiJ~j RCGULf'.TIONS of ~he =lty is hereby recognized by Owner. B. The [Jirector of Publ if: Works, UiJon the advlcP and CC'i~l'ilt of the ,'1ayor, shall oirect the Owner or his c's~;'jgns lind S:iccr,SSOrS Ln meet those rpq.Jil'e- ments as set out in the SUBDIVISW"l RCS,JLATlONS )f th'2 Cit,! C. Upon receipt of such noti,~e to furni,h Jr constr.Jct the rutile imrrO\e:'ipnt as requ i l'ed under the SUBD 1 V L lOti R [GUUI T I OI~S of lhe City, O\~ner hen:by agrees to construct and furnish "It: Owner's :ost, such Ii'\r'ovelllents as ai? required hy the SUBDIVISIori REGULATIONS of the lity, lnd to do so in con- fCII'manee viith the de'~iqn SLlliOdf'ds of th." ',UmnVISIOi.j PC:SULi\TIO:::-' "t ;h(-~ City. D. In thL event an 'impr'ovemeiit di stri ct is crccated by hie O:i LY to irTlu(ove 01' pruvide tho?,e requirements Cl'> set out in the SUllDIVI3IOil REGi:LA1lUNS tor those stn~2j's or St:--2CtS "ront~nq that, t.l'act [)f land as describer! in Paragraph No.1 above ane the nei1liborin'1 txacLs of ldnds, the O\l'1er or hi~;, assigns and SUCCt?sson agree not to ()dfJJse its creation E. In the l'vent iln iI1Dt"JVE'"ent dl,tt'ict is Cleated by the City 1" ['1'oviJe the impl'ovements as pl'oviJed by the SLJPDIV1:,ION [~L:IJLATlONS, the custs accessahle against thp property d~ rle~lribri in Paragraph No. , shall not be d'isproport'ioncte with costs ilrC"SSi.lb~('!,u utI12)' nearby and 111(,= properties. 31.07 709 3107 710 F. Upon execution of t.lli s OEVELopr"lENT AGREElviENT by the City dnd Owners, the City vii 11 vlaive the immediate guarantees for pllbl ic improvelTltOnts as SEt out in the SUBDIVISION REGULATIONS of the City. G. This agreement is executed by the Owner pursuant to the SUBDIVISION REGULA- TIONS of the CITY OF WHE~T RIDGE. H. The Parties hereto agree that this DEVELOPMENT \GREEMENT, by its terms, shall be bindinq upon the City and th2 Olv'lcr, dnd u['on the assigns and succ~ssors thereof; and shall constitute covenants runnino with the described property. This DEVELOPMENT AGREEMENT shall be recorded with the Coun+y Clerk and Recorrler. IN WITNESS WHEREOF, the parties have set their hands and seals on the date first shown. REcm~MENDED BY. ( ! l{' ( ,- _./.<_ .:: J l.A _~___ '''. 1,< c.,/'t I ',_ _ ,-_~J.-.-!~-.L___ Pu"bYif vjorks Dera ~'tmen t APPROVED AS TO FORM: /APPROVlD AS TO NfENT: ---~-{ I '~~f;Z___._______ Lc--~< ~_~{_~~=_~ ~it-/77 City Attorl1'~y Ci"ty-Admini strator mCUTE';~. 0 "L' '.~'."- ....:.--..../_ ----- .~. ~, -~~( c c(~'-_._-_.. "-~0--c<c:~~---.-__L__~_ Rocco D. A'stuno Jr. . EXECUTED BY CITY: J.' I I J .'1/ I /, ___ ____~__"_=_L.____~(",_~~...~~"_:...____._~_L. __'~__ Major ATTESTED TO BY: /' " .,/" _--7 / /,/ ..' , ~ -'~ ..... . ';:;'>?--e /'-/ ./7f ( ~2>?':'.v /. -.-;..--"---J"'--'"--=---- - --"-------.-..-..--------.- - - ._...:;:...~'" Clty Llerk / :' "., , '> ...- " -~- --:+.~_. ~--- ----------------.-- : r .~ ST~tE~F COlpRADO ) )SS. , ~OUNTY or JEFFERSON ) . . . ,.' " ,... ') " , ~ . . . R . , ' T21e~ i~J,' oing i!JW. " in::.trument was execute~be. f..O. re, me this -fZf!2" ~f~.. :;9. . day of , , 1922-, by LUt"(:o-d-L-ld;Ll7tJT~_J7iZ.617~LP;Oili'L,,,~fL _,_~4~d===-,.---- Notal V ' ur,j ic - My Commi ss i 011 [~pi rr:> :iiCOmmlssl.DIl,exnlre~LO'ctoheLitJ~f 3107 710 ') - '- -