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2009077427 AGR
08/03/2009 10:59:18 AM 11 Page(s)
Jefferson County, Colorado
DEVELOPMENT COVENANT AGREEMENT
THIS AGREEMENT made this ' of May, 2009, by and between
the CITY OF WHEAT RIDGE, COLORADO, a home rule municipal corporation \
(the "City"), and Coors Brewing Company, a Colorado corporation, (the \
C "Applicant"), together referred to as the "Parties".
RECITALS: !
00 WHEREAS, The Applicant is the owner of certain real property located in
the City of Wheat Ridge, which is more particularly described in Exhibit A and
made a part hereof (the "Property"), commonly known as Lot 1, 2 and 3.
Notwithstanding the foregoing, the term "Property" as used herein shall not be
deemed to include Tract A as shown on the Final Plat.
WHEREAS, on November 20, 2008 the City of Wheat Ridge, after holding
all required public hearings, or granting all administrative approvals as prescribed
by the Code of Laws, approved the Final Plat and/or Final Development Plan for
the Property titled Coors at Clear Creek Subdivision. Copies of the Final Plat
and/or Final Development Plan are attached hereto as Exhibit B and Exhibit C,
and are incorporated herein.
WHEREAS, the parties hereto understand and agree that the intent of this
Agreement is to establish the obligations and expectations for development of
the Property, and that the Applicant may not be involved with development of the
Property, and therefore should not be responsible for such site improvements as
shown on the approved Final Development Plan and Final Plat held by the
Community Development Department and civil drawings held in the Department
of Public Works of the City of Wheat Ridge, herein referred to collectively as the
"Final Plans".
WHEREAS, the entity who improves the property ("Developer") consistent
with the Final Plans may be a successor or assign of the Applicant, and shall be
required to comply with all applicable sections of Chapter 26, Articles III and IV of
the Wheat Ridge Code of Laws. The Developer shall also be responsible to
furnish all financial guarantees as determined by the Director of Public Works
and the Community Development Director jointly.
THEREFORE, in consideration of the mutual promises, covenants and
agreements of the parties, the approval of the Final Plans by the City of Wheat
Ridge, and other good and valuable considerations, the parties hereto agree as
follows:
1. Intent of Development Covenant Agreement: This Agreement is intended
to control the development of the Property. The terms of this Development
Covenant Agreement shall remain in full force and shall bind the Property until
Development Covenant Agreement
such time that the Developer executes a Subdivision Improvement Agreement or
Public Improvement Agreement, whichever is applicable, (herein referred to as
"Future Agreement") in preparation of property development. The executed
Future Agreement shall replace this Development Covenant Agreement in its
entirety and shall bind the Developer to complete all required improvements as
shown on the Final Plans as approved by the City of Wheat Ridge Director of
Public Works and the Community Development Director jointly. Once a Future
Agreement has been approved by the City and recorded with the Jefferson
County Clerk and Recorder, this Development Covenant Agreement shall be
released.
2. Sale of Property: This Development Covenant Agreement shall prevent
the sale of individual lots, or a collection of individual lots which do not equal the
total sum of the property as described in Exhibit A until such time that a
Subdivision Improvement Agreement has been executed. This shall not prevent
the Applicant from conveying or selling the entirety of the property as legally
described on Exhibit A to a third party.
3. Issuance of Building Permits: The City of Wheat Ridge shall not issue any
building permits for individual lot(s) until an approved Future Agreement has
been executed. Building permits for individual lots may be issued by the City of
Wheat Ridge at such time that a Developer has signed and complies with all
terms listed in a Future Agreement.
4. Fees Associated with Development of Property: All applicable building
permit fees, review fees and security for construction of public improvements
shall be paid by the Developer as executor of the Future Agreement. The
Applicant shall not be responsible for the payment of such fees, unless the
Applicant executes the Future Agreement as the property Developer. The
Applicant shall be responsible for all recording fees associated with this
Development Covenant Agreement as specified by the Jefferson County Clerk
and Recorder.
5. Application for Inclusion in Longs Peak Metropolitan District: A
Metropolitan District has been established for the purpose of installing much of
the required public improvement needed to service this property, included, but
not limited to the construction of Cabela Drive. As such, the Developer is
responsible for making application for inclusion within the Longs Peak
Metropolitan District (District). The Applicant shall not be responsible for applying
for inclusion in the District, unless the Applicant is the Developer or unless
required to by another agreement.
6. Improvements to Property: There shall be no site work performed on the
Property until a signed Future Agreement has been executed and the proper
permits have been issued by the City of Wheat Ridge. For these purposes, "site
work" is defined as any grading, clearing, excavation or deposition of materials in
Development Covenant Agreement 2
conjunction with site development consistent with the approved Final Plans.
Nothing in this paragraph shall prevent the demolition of any existing structures,
or the general maintenance of the property, provided proper permits, if
applicable, are issued by the City of Wheat Ridge.
7. Release of Covenants. This Declaration of Covenants shall be
automatically terminated without further action by the Parties in the event the
Applicant or future owner of the Property successfully petitions for disconnection
of the entirety of the Property from the City of Wheat Ridge as provided in the
Annexation Agreement, dated November 10, 2008, between the Parties hereto,
such termination to be effective upon the effective date of such disconnection.
Dated this ZA- day of May, 2009
City of Wheat Ri ge, Co rado, a
Ti h P anto. Director of Pub
3eraTd E. Dahl, City Afro
rule municipal corporation
Works
ATTEST:
Michael Snow, City Clerk
I
Development Covenant Agreement
APPLI ANT: Coors Brewing Company
36e, ~ D. Watt...
Print Name
Title Ssc,0~
t2?)5• klt"~5F. #-52Q0
Address M eC9-02-
STATE OF COLORADO )
) ss.
COUNTY OF JEFFERSON )
The foregoing acknowledged before me this 2L~ day of CC)g "
2009, by fDa \ W a r .
Notan
My commission expires: CT n1201 ~
Development Covenant Agreement
EXHIBIT A
COORS AT CLEAR CREEK FILING No. I
LEGAL DESCRIPTION
BEING A PORTION OF THAT CERTAIN REAL PROPERTY AS DESCRIBED IN
THAT CERTAIN CORRECTION DEED ON FILE AT RECEPTION No. 2006044289
IN THE OFFICE OF THE CLERK AND RECORDER OF THE COUNTY OF
JEFFERSON, STATE OF COLORADO, LYING WITHIN THE SOUTH HALF (S 1/2)
OF SECTION 19, TOWNSHIP 3 SOUTH, RANGE 69 WEST OF THE SIXTH
PRINCIPAL MERIDIAN, COUNTY OF JEFFERSON, STATE OF COLORADO, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
DESCRIPTION OF LOTS 1, 3 AND TRACT A:
COMMENCING AT THE SOUTHEAST CORNER OF THE SOUTHWEST QUARTER
(SW 1/4) OF SAID SECTION 19, FROM WHENCE THE NORTHEAST CORNER
OF SAID SOUTHWEST QUARTER (SW 1/4) BEARS NORTH 00°22'44" WEST A
DISTANCE OF 2642.03 FEET, WITH ALL BEARINGS HEREIN RELATED
THERETO;
THENCE ALONG THE EAST LINE OF SAID SOUTHWEST QUARTER (SW 1/4),
NORTH 00022'44" WEST, 1321.03 FEET TO THE SOUTHEAST CORNER OF
THE NORTHEAST QUARTER (NE 1/4) OF SAID SOUTHWEST QUARTER (SW
1/4);
THENCE CONTINUING ALONG SAID EAST LINE, NORTH 00022'44" WEST,
171.61 FEET TO A POINT ON THE BOUNDARY OF SAID CORRECTION DEED,
AND BEING POINT OF BEGINNING #1;
THENCE ALONG SAID BOUNDARY THE FOLLOWING EIGHT (8)
COURSES:
1. SOUTH 81012'11" WEST, 438.70 FEET TO A POINT;
2. SOUTH 85000'54" WEST, 480.94 FEET TO A POINT;
3. SOUTH 89049'59" WEST, 310.18 FEET TO A POINT;
4. SOUTH 88036'28" WEST, 125.11 FEET TO A POINT;
5. SOUTH 85049'53" WEST, 273.10 FEET TO A POINT;
6. NORTH 88015'34" WEST, 397.05 FEET TO A TANGENT CURVE TO
THE LEFT CONCAVE SOUTHERLY;
7. WESTERLY ALONG SAID CURVE, HAVING A RADIUS OF 1323.78
FEET, AND WHOSE LONG CHORD BEARS SOUTH 88028'30" WEST
AND HAS A CHORD LENGTH OF 150.82 FEET, THROUGH A
CENTRAL ANGLE OF 06031'53", FOR AN ARC LENGTH OF 150.90
FEET TO A POINT OF NON-TANGENCY;
8. NORTH 00011145" WEST, 362.13 FEET TO A POINT ON THE
BOUNDARY OF THAT CERTAIN PARCEL AS DESCRIBED AND
CONVEYED AT RECEPTION No. 2008011087;
1
THENCE ALONG SAID BOUNDARY THE FOLLOWING TWO (2)
COURSES:
1. SOUTH 86015'04" EAST, 260.84 FEET TO A POINT;
2. SOUTH 74033'52" EAST, 239.61 FEET TO A POINT HEREINAFTER
REFERRED TO AS POINT'A', AND BEING A POINT ON THE
BOUNDARY OF THAT CERTAIN PARCEL AS DESCRIBED AND
CONVEYED TO THE CITY OF WHEAT RIDGE AT RECEPTION No. I
2007136692; IIY~
THENCE ALONG SAID BOUNDARY THE FOLLOWING NINE (9)
COURSES:
1. SOUTHEASTERLY ALONG A NON-TANGENT CURVE TO THE LEFT
CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 525.00 FEET,
AND WHOSE LONG CHORD BEARS SOUTH 60014'17" EAST AND
HAS A CHORD LENGTH OF 491.51 FEET, THROUGH A CENTRAL
ANGLE OF 55049'20", FOR AN ARC LENGTH OF 511.50 FEET TO A
POINT OF NON-TANGENCY;
2. SOUTH 86004'31" EAST, 66.58 FEET TO A TANGENT CURVE TO THE
LEFT CONCAVE NORTHWESTERLY;
3. NORTHEASTERY ALONG SAID CURVE, HAVING A RADIUS OF
500.00 FEET, AND WHOSE LONG CHORD BEARS NORTH 63017'56"
EAST AND HAS A CHORD LENGTH OF 509.43 FEET, THROUGH A
CENTRAL ANGLE OF 61015'06", FOR AN ARC LENGTH OF 534.52
FEET TO A POINT OF TANGENCY;
4. NORTH 32040'24" EAST, 85.60 FEET TO A POINT;
5. NORTH 57019'36" WEST, 10.00 FEET TO A POINT;
6. NORTH 32040'24" EAST, 57.33 FEET TO A TANGENT CURVE TO THE
RIGHT CONCAVE SOUTHEASTERLY;
7. NORTHEASTERLY ALONG SAID CURVE, HAVING A RADIUS OF
510.00 FEET, AND WHOSE LONG CHORD BEARS NORTH 56028'49"
EAST AND HAS A CHORD LENGTH OF 411.73 FEET, THROUGH A
CENTRAL ANGLE OF 47036'50", FOR AN ARC LENGTH OF 423.82
FEET TO A POINT OF NON-TANGENCY;
8. NORTH 80023'25" EAST, 92.85 FEET TO A TANGENT CURVE TO THE
RIGHT CONCAVE SOUTHERLY;
9. EASTERLY ALONG SAID CURVE, HAVING A RADIUS OF 2018.17
FEET, AND WHOSE LONG CHORD BEARS NORTH 82008'01" EAST
AND HAS A CHORD LENGTH OF 122.80 FEET, THROUGH A
CENTRAL ANGLE OF 03029'13", FOR AN ARC LENGTH OF 122.82
FEET TO A POINT OF NON-TANGENCY, AND BEING A POINT ON
THE SOUTH LINE OF STATE HIGHWAY 58 AS DESCRIBED AND
CONVEYED IN THOSE CERTAIN DEEDS IN BOOK 2177, PAGE 367
AND IN BOOK 2227 AT PAGES 527-531;
2
THENCE ALONG SAID SOUTH LINE, NORTH 87000'55" EAST, 322.43
FEET TO A POINT ON THE BOUNDARY OF THAT CERTAIN PLAT OF
CABELAS COORS SUBDIVISION FILING No. 1, AMENDED;
THENCE ALONG SAID BOUNDARY THE FOLLOWING TWO (2)
COURSES:
1. SOUTH 01045'57" WEST, 141.60 FEET TO A NON-TANGENT CURVE
TO THE LEFT CONCAVE NORTHWESTERLY;
2. SOUTHWESTERLY ALONG SAID CURVE, HAVING A RADIUS OF
505.40 FEET, AND WHOSE LONG CHORD BEARS SOUTH 28011'16"
WEST AND HAS A CHORD LENGTH OF 451.18 FEET, THROUGH A
CENTRAL ANGLE OF 53001'14", FOR AN ARC LENGTH OF 467.69
FEET TO POINT OF BEGINNING #1.
TOGETHER WITH THE FOLLOWING DESCRIBED LAND:
DESCRIPTION OF LOT 2:
COMMENCING AT THE AFORMENTIONED POINT W;
THENCE ALONG THE BOUNDARY OF SAID CERTAIN PARCEL AS DESCRIBED
AND CONVEYED AT RECEPTION No. 2008011087, NORTH 74118'51" EAST,
322.38 FEET TO POINT OF BEGINNING #2;
THENCE CONTINUING ALONG SAID BOUNDARY, NORTH 63000112"
EAST, 458.54 FEET TO THE AFORMENTIONED SOUTH LINE OF STATE
HIGHWAY 58;
THENCE ALONG SAID SOUTH LINE THE FOLLOWING TWO (2)
COURSES:
NORTH 80035'52" EAST, 231.36 FEET TO A POINT;
NORTH 87000'55" EAST, 208.24 FEET TO A POINT ON THE
BOUNDARY OF THAT CERTAIN RIGHT-OF-WAY AS DESCRIBED AND
CONVEYED IN THAT CERTAIN SPECIAL WARRANTY DEED ON FILE AT
RECEPTION No. 2007136692;
THENCE ALONG THE BOUNDARY OF SAID RIGHT-OF-WAY THE
FOLLOWING SIX (6) COURSES:
1. SOUTHWESTERLY ALONG A NON-TANGENT CURVE TO THE LEFT
CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 590.00 FEET,
AND WHOSE LONG CHORD BEARS SOUTH 46033'18" WEST AND
HAS A CHORD LENGTH OF 283.10 FEET, THROUGH A CENTRAL
ANGLE OF 27045'48", FOR AN ARC LENGTH OF 285.89 FEET TO A
POINT OF TANGENCY;
2. SOUTH 32040'24" WEST, 57.33 FEET TO A POINT;
3. NORTH 57019'36" WEST, 10.00 FEET TO A POINT;
4. SOUTH 32040'24" WEST, 57.33 FEET TO A NON-TANGENT CURVE
TO THE RIGHT CONCAVE NORTHWESTERLY;
3
5. SOUTHWESTERLY ALONG SAID CURVE, HAVING A RADIUS OF
400.00 FEET, AND WHOSE LONG CHORD BEARS SOUTH 52047'22"
WEST AND HAS A CHORD LENGTH OF 270.97 FEET, THROUGH A
CENTRAL ANGLE OF 39035'49", FOR AN ARC LENGTH OF 276.44
FEET TO A COMPOUND CURVE TO THE RIGHT CONCAVE
NORTHERLY;
6. WESTERLY ALONG SAID CURVE, HAVING A RADIUS OF 275.00
FEET, AND WHOSE LONG CHORD BEARS NORTH 61021'21" WEST
AND HAS A CHORD LENGTH OF 402.36 FEET, THROUGH A
CENTRAL ANGLE OF 94002'04", FOR AN ARC LENGTH OF 451.33
FEET TO POINT OF BEGINNING #2.
CONTAINING 886,123 TOTAL SQUARE FEET OR 20.342 TOTAL ACRES OF
LAND, MORE OR LESS.
4
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COORS AT CLEAR CREEK SUBDIVISION FILING No. 1
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NO DEVELOPMENT PLAN APPROVED AT THE TIME OF THIS
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