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DEVELOPi1E'N'f' IIGUE.:r:/"fENT
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,'I, J:; ViiV/:; J.OPiiFNT I1GHcL';JENT, (as provided by pa rag raph D, l;;~~6fdjjr'1ent
"Cfrcc,71".'nt, ~!i thi.n section SE:VEN: \'f1RIllNCES, of the SUBDIVISION RF.GU-
Li1 1'1 O::c; of the CITY 0::' !'/IlEA T RIDGE:, passed. approved and adopted ff.'D-
nun} 7, 1972, as amC'nded) entered into this ....3Jl___, day -r.:f __April__,
19_...1f,,_' between The> Ci ty of f/hf'.'at Ridge, d ttunicil'al Corporation,
heu,j na fLcI' refer red to as Ci ty, and -Inp GrR ff
h'-'f'c.inaftcr referred to as ~'mcr_
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1. !'/I!EnEliS, the ~mcr is the ti tied O;mcr of
cj ty of viheat Ridge, County of Jefferson,
cr.ibed as fo1.]otis:
a tract of land in the
State of Colorado, des-
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located in the County of Jefferson, State of Colorado:
The West one-half of the West one-half of the West one-half of the
Southeast one-ouarter of the Southwest one-quarter of Section 22,
Township 3 South, Range 59 West of the 5th Principal Meridan.
Except the North 584.8 feet thereof~
Except the South 390 feet thereof.
Except the West 15 feet thereof.
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2. ['/HERE.~S, the Otvner is developing a tract of land as described
in Paragraph No.1, and in fact is being issued the following
permits to do so: and
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3. m!EREAS, StI'p.et Improvements
fronting 9')')0 West 39th Avenue said tract of land as dcscr~beQTiJ
Paragraph No. 1 and the neighboring tract of land are incomplete and be1m.,
those standards as set out in SECTION FOURT'DESIGN STANDARDS and SECTION
FIVE: IMFROVEMSNTS of the SUBDIVISION REGULATIONS: and
4. WHEREAS, to be consistant with the existing neighboring improvements
and completion or non-completion of those impr.ovements as required
by SECTION FIVE: INPROVEl1ENTS of the SUBDIVISION REGfJ[.IlTLONS I-,ill
make no significant change at the present in those streets fronting
that tract of land as described in Paragraph No.1, and tbe neigh-
boring trilct of lands; and
5. WHEREAS, in order to conform to those requirements as set out in
SECTION POUR: DESIGN STANDARDS and SECTION FIVE: IfJPROVE'NENTS of
the SUBDIVISION REGULATIONS this agreement is hereby determined
to be applicable.
noroJ, THEREFORE, BE IT HEREBY AGREED, THA T
A. Property responsibility for meeting and conforming to those require-
ments as set out in SECTION FOUR: DESICN S'f'llND1JRDS and SECTION FIVE:
INPlIOVENEN1'S of the SUBD.TVISION RE'GULATIO~TS i.s hereby xecogni zed i'ind
affirmed.
'. B. The Director of Public Clarks, upon the advice and consent of the Hayor,
shall direct tIle O~me:: or his assigns and S'Jccessors to meet those re-
quirements as set out in SECTION FOUR: DESIGN STANDARDS emu SECTIOn rIVE:
INPROVENENTS of the SUBDIVISION REGULATIONS.
C. In the event an improvement district is created hy the City to implement
those requirements as set out in SECTION FOUR: DESIGN STANDARDS, and
SECTION FIVE: IMPROVEMENTS of the SUBDIVISION REGULlITIOilS for those
streets or streets fronting that tract of land as described in Paragraph
No. 1 and the neiqhboring tract of lands, the Owner or his assigns and
successions will not oppose its creation.
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)). .In tile event an improvement district ,is created by the City to
<lcc:owp.l,i::;1l the intent of SECTION FOUH: DESIGN STlllnmF?VS and
SIXT JON FIVE: HIPROVEM[;:VTS of the SUBDIVISION lIEGULATIONS, the
cosLs accessable shall be of direct benefit to that property
as deScribed in Paragraph No. 1 and shall not be costs that arc
dispIuI)()rt.ionate lvith costs accessable La other nearby and like
properties.
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E:. Upon execution of this DFVELOP;'lENT AGRI':EMCNT IOl) the City and O'.-mers,
thc' City wiLL waive the quarante2s for pub.Lic improvements as set
ouLin SEC'l'TON TllREF: PROCEDURE (Subsection C., Paragraph 5.) of
thE" SUIJDIVISION REGUU\TIONS
I'. This agreement is executed by the Ot-mer pursuanL to the SUBDIVISION
REGUh4TTONS of the CITY OF WHEAT RIDGE, passed, approved and adopted
February 7, 1972, as amended.
G. TIw Parties hereto agree that this DEVBJ.A)PMSNT 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.
7~is DEVELOPMENT AGREEMENT shall be recorded with the County Clerk and
Recorder.
III ~lITNESSTH [vHEREOF, the parties have set their hands and seals on
the date first shown.
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Public [yorks Department
conynunity
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RP.CONNENDED BY:
Department
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city Attorney
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APPROVED AS TO FORM:
APPROVED
INTENT:
EXECUTED BY OfVN;Jj:
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EXECUTED BY CITY:
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Mayor
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ATTESTED TO BY:
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ei ty Clerk :,
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State of Colorado
County of Jefferson
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The foregoing instrument ~'as executed ,1:T")ore me this
L)?,'',!'I- _, 1921-, bY,' -+'/~/'>5f'-
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day of
My cOmrrUsssion expires:
7101/ /~.>~ / fl ? 7
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Notary Public
2852 741