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1802671~2
197' 1;"1
DEVELOPMENT I\ClIJ;P~ENT
THIS DEVELOPMENT AGREEMENT, as authorized by the SUBDIVISION REGULATIONS of
the CITY OF WHEAT RIDGE, is entered into this 8 day of March ,
19za, between the City of Wheat Ridge, a r'lunicTpal Corporation, hereinafter
referred to as City, and FERGUSON CONSTRUCTION CO.
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:
Lot 15, Benjamin Subdivision
2. WHEREAS, the Owner desires to develop that tract of land as described in
Paragraph No.1, and in fact, has been issued a Building Permit to do so;
and
3. WHEREAS, Curb, gutter & Sidewalk on W. 47th Pl & on Nelson
boarding that tract of land as describedlnPi;ri)q'raph-No:-i--andT~-
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 consistant with the existing neighboring improve-
ments and completion or non-completion of those improvements as required by
SECTION FIVE: IMPROVEMENTS of the SUBDIVISlnN REGULATIONS will make no
significant change at the present in those streets fronting that tract of
land as described in Paragraph No, l, and the neighboring tracts of land;
and
5. WHEREAS, in order to conform to those requirements 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 requlre-
ments as set out in the SUBDIVISION REGULATIONS of the City is hereby
recognized by Owner.
B. The Director of Public 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 REGULATIONS of the City.
C. Upon receipt of such notice to furnish Or construct the public improvement
as required under the SUBDIVISION REGULATIONS of the City, Owner hereby
agrees to construct and furnish at Owner's cost, such improvements as are
required by the SUBDIVISION REGULATIONS of the City, and to do so in con-
formance with the deSign standards of the SUBDIVISION REGULATIONS of the City.
D. In the event an improvement district is created by the City to improve or
provide those requirements as set out in the SUBDIVISION REGULATIONS for
those streets or streets fronting that tract of 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,
r'l!'<t:i('~..~~\i_-
18026742
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F. Upon execution of this DEVELOPMENT AGREE~1t~n by the City 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 the SUBDIVISION REGULA-
TIONS of the CITY OF WHE~T RIDGE.
H. The Parties hereto agree that this DEVELOPMEiH 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 WITNESS WHEREOF, the parties have set their hands and seals on the date first
shown.
RECOMi~ENDED BY:
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Pub~c Works Department
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Community Development
APPROVED AS TO I~TENT:
LJd:d-d?~;;?:a~,--- :slts4J,
City Admini trator
APPROVED AS TO FORM:
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City Attorney
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Mayor
EXECUTED BY OWNER:
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ATTESTED TO BY:
CityClerk
STATE OF COLORADO
COUNTY OF JEFFERSON
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The foregoing instrument was executed before me thi s 8 II-\-
t'\J\o..('c-"'- __, 197"6, by ~ \),Y~',:y.)'?,C\^
day of
'Notary Publ ic
My Commission Expires. ~\ Jb) \')80_____'__
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1'l17 H {~y '19" ft!t 'S: IflJUl
Rt'corder
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RECORDER'S STAIIIP
THIS IJEH) Mad,' lhi,
2n(!
daj' uf
1>1lJv
1977 . hetween nub], Strf""t Inve"Lmteni ~
of two t orpurations
'-I. partnershi Tl
(If thp
3005 491'
County of Je.frf-'r:~Otl find ~lntp of Colo-
rado, of the first part, and Ferg1.lson ,"1011strur::t 1 ()1I Co.
10210 W. ;:61'.11 !\VF:., 1/5, L:lkpw"od, ,',_(1). (10,~lc)
n ('(ll l)(lJ aholl or.l!H.nlzed l\nd
existing' undt~r anu bv vIrtue of tlFJ lll"'~l (,f UIl' StutC' of rl Jlor'3.rJo
of the s"eond part:
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WITNESSETH, Thut thr> said part (If tIll' rlr~t pnrL, for nnd in cUJ1sickratinl1 (If the sum of
Thjrt('('Tl Tt,,,u:' iI\li ';'eV' n ii it j{', ,j , , I ;K'; ]l'lI---------,------------------DOLLARS
to the said 'lHrt; I ,; of t.hf~ fir:,t TI~p'j in hand p,ll(i t", till' :lld I_'an)' "i tIll ',I rFll parl, tlll' n'('{'lllt wtwreof IS
herehy f'ollft'SSI-,d :lnrl nl'l(n()wl('d~,:-!'d, h~lVI' f'T~t!ltl\rl kllyai!"\l"'d, sold aIld l'l)f\VI'Yf'd, and hy fflf;SC pr('r,rnt~ do
g'rRnt, harv,Hin, ;~11 f'nnVl''," and l'l'Jlrirrn, lint" Illi ni,l "\r'ty of th~ ~;"I")nrl parI ii,') R1H"'L'R~nl., :1nd assij..,Tll3 f()l'l'v~r,
all of till' foll('will)~ (k~,f'riht'd lot,--, nJ" IJ:1.l"('l'! I;f 1n.llrl, ~';lt\1at(' lVIIl,l" nnd ll,'in;'" in Ihl'
County of
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