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'I'll rs nL;VEWPNENT llGREENENT, (as provided by pa rag rdph D, Dc,re-IV[JIllcent
llurel'll1cnt, v/ithin SECT TO 'I SEVEN: VARIANCES, of the SUBDIvISION REGU-
L/Ij'lO~'"; of tho CITY 01' IvlIEAT RIDGE, passed, approved and adopt,'d Feb-
ruary 7, 1972, as amended) cJltcred into this 7th , day of October ,
19 76, between The Ci ty of fvheat Ridge, a Nu~icTpal Corporation :~~._--
he~einafter referred to as city, and ~lorado ~teel, Inc.
hereinafter referred to as O\-1ner.
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fiITNESSETH:
,l. fvllEREAS, the Owner is the titled Owner of a tract of land in the
City of Wheat Ridge, County of Jefferson, State of Colorado, des-
cribed as follows:
All of Tract 6, "Nicholas Gardens", County of Jefferson
State of Colorado, excepting therefrom the West 10 feet
thereof.
Also Known As 4836 Van Gordon
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2. flHEREAS, the Owner has developed that tract of land as described
in Paragraph No.1, and in fact, has been issued a Building Permit
to do so: and
3. f>/HEREAS" All Street Improvements ..
fronting that tract of land as described in Paragraph No. 1 and the
neighboring tracts of land are incomplete and below those standards
as set out in SECTION FOUR: DESIGN STANDARDS and SECTION FIVE: IMPROVE-
MENTS of the SUBDIVISION REGULATIONS: and
4. WHEREAS, to be consistant with the existing he~ghboring inprovements
and completion or non-completion of those improvements as requircd
by SECTION FIVE: IMPROVEMENTS of the SUBDIVISION REGULATIONS will
make no significant change at the present in those streets fronting
that tract of land as described in Paragraph No.1, and the neigh-
boring tract of lands; and
5. r"lIEREAS, in order to conform to those requirements as set out in
SECTION FOUR: DESIGN STANDARDS and SECTION FrVE; IIJPROVEMENTS of
the SUBDIVISION REGULATIONS this agreement is hereby determined
to be applicable.
nOfv, THEREFORE, BE IT HEREBY AGREED, THAT
A. Property responsibility for meeting and conforming to those require-
ments as set out in SECTION FOUR: DESIGN STANDARDS and SECTION FIVE:
IMPROVEMENTS of the SUBDIVISION REGULATIONS is hereby recognized 2nd
affirmed.
B. The Director of Public florks, upon the advice and consent of the Mayor,
shall direct the OWner or his assigns and successors to meet those re-
quirements as set out in SECTION FOUR: DESIGN STANDARDS and SECTION FIVE:
IMPROVEMENTS of the SUBDIVISION REGULATIONS.
C. In the event an improvement district is created by the City to implement
those requirements as set out in SECTION FOUR: DESIGN STANDARDS, and
SECTIDN FIVE: IMPROVEMENTS of the SUBDIVISION REGULATIONS for those
streets or streets fronting that tract of land as described in Paragraph
No. 1 and the nei<;hboring tract of lands, the O,.:ner or his assi gns and
successions will not oppose its creation.
2923 83
D. In the event an impIovC'ment district is created by the City to
accomplish the intent of SECTION FOUR: DLSIGN STMJUIlIWS and
SECTION FIVE: IHPROVEMENTS of the SUBDIVISION REGULllTIONS, the
costs accessable shall be of direct benefit to that property
as described in PiJragraph No. 1 iJnd sha.l1 not be costs that are
disproportionate with costs accessable to other nearby and like
propercies.
2923
84
E. Ul~n execution of this DEVELOPMENT AGREEMENT by the City and O~ners,
the City will waive the guarantees for public improvements as set
out in SECTION THREE: PROCEDURE (Subsection C., Paragraph 5.) of
the SUBDIVISION REGULATIONS
F. This agreement is executed by the O,mer pursuant to the SUBDIVISION
REGULATIONS of the CITY OF WHEAT RIDGE, passed, approved and adopted
February 7, 1972, as amended.
G. The Parties hereto agree that this DEVELOPMENT AGREEMENT, by its
terms, shall be binding upon the City and the Owner, and upon the
ass.igns and successors thereof; and shall consti tute covenants
run.1ing with the described property.
This DEVELOPMENT AGREEMENT shall be recorded with the County Clerk and
Recorder.
IN WITNESSTH WHEREOF, the parties have set their hands and seals on
the date first shown.
RECOMMENDED BY:
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Public Works Department
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Community Development Department
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APPROVED AS TO FORM:
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APPROVED AS TO INtENT:
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'---~~~--. Izy'6,
City Attorney
City Administrator
EXECUTED ~:
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EXECUTED BY CITY:
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:':ayor
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Af!:S)TE~ T~ ~:&. _ ':; /} . }
!C;2 ~." ,,(fi/J:P~b- J
L~ Y Clerk '. "". .' )
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.~tace of Colorado
County of Jefferson
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The f~~Oing instrument was ::ecuted before me this ~~/~
(l/:. yt) , 19X, by .__~J~ ~
day of
My cOmmUsssion expires:
L;j'dLfr7.J'tL /~, /;777
~~/'~~('h~
Notary Public
2923 84
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