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DEVELOPt~P" AGREEMfh.:t----------
2995 659
THIS DEVELUPMENT AGREEMENT, as authorized hy the SUCDIVISION REGULATIONS of
the CITY OF WHE~T RIOGE, is entered into thir 17 day of MaTch
1977, between the City of Wheat Rid~p, il ~'1unicTlI~,1 C(;rporafiO~ herein'after
referred to as City, dnd Dale Dean DeVries & Betty M. DeVries
hereinafter rnferred to (1s-~Own-er - - - ---- ~--_.~- --~ --- --------~,-~
WITNESSET~ .
1. vJHEREAS, the OWner I~ the tit prj IJ\',lle: l,;' " t elf ldnd ii' the iity ',f
Wheat Ridge, County of Je h" .on, Stilt!' of Color'ado, desr:ribpd 1S fol luws
Lot 2 of DeVries Subdivision Recorded in Book 46 Page 33
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, _i;:UTQJ._~~~& si_de~aL~Uoi:!:ting.Q..Tl. Parfet Street_
boarding that t.ract of land as descnbed in ,'arilqraph NO.1 and the
neighboring tracts at land are incomplete and below those standards as
set out in the SUBDIVI~ION REGULATIONS of the City; and
4. WHEREJ\S, to be uniform and consistant with the existinq neighboring improve-
ments and completion or non-completion of those improvements as required by
SECTION FIVE: IMPROVEMENTS of the SUBDIVISION REGULATIONS will make no
significant chanqe at the present in those streets fronting that tract of
land as described in Paragraph No, 1, and the neighboring tracts of land;
and
5. ImEREAS, 1n order to cOI,,'on to those requirements as set out in the SUB-
DIVISION REGULATIONS of the City, this agreement is hereby determined to
be prorer,
NOW, THEREFOR~, IT IS HEREBY AGREED, THAT,
A. The responsibility for meetinq, conforming to and providing those require-
ments as set out in the SUBDIVISION ~EGULATI0NS 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 SUCnlVISION REGULATIONS of the City, and to do so in con-
formance with the design standards of the SU~lIVISIUN REGUL~TIUN~ of the City.
D. In the event an illlprovement di stri ct is created by the Ci ty to improve or
provide those requirements as set out in the SUBDIVISION REGULATIONS for
those streets or streets frontinq that trnct of land as described in
Paragraph No.1 above and the neiqhborinq tracts of lands, the Owner or
his assigns and successors aqree not to oppose its creation,
E. In the event an jlll~rovement district is created by the City to provide
the improvements as provided by the SUt,DIVISION REGULATlONS, the costs
accessable against the property as described in Paragraph No, 1 shall not
be disproportiondtF wlth costs aCLPssab1e to o:her nearby and like properties,
2995 659
.-
2995 660
F. Upon execution of tt,is DEVELOPMrNT AGREEMENT 0v the City and Owners, the
City will waive the i;nrnediate guarantees for public improvements as set
out in the SUBDIVISION REGULATIDrIS of the City
G. This agreement is ex~cuted by the Owner pursuant to the SUBDIVISION REGULA-
TIONS of the CITY OF WHE'T RIDGE.
H. The Parties hereto aoree that this DEVELOP~ENT AGREEMENT, by its terms,
shall be binding upon the City and the Owner, and upon the assigns and
succe~sors thereof. and shall constitute covenants runnina with the described
property,
This DEVELOPMENT AGREEMENT shall be recorded with the County Clerk and Recorder.
IN WIHlESS WHCREOF, the parties have set their hAnds ill'd seals on the date first
shown
RECOMMENDED GY:
C -;J; ,
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Pub~c Works Department
n
APPROVED AS TO FORM
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C i tyA t for-n-ey' ----------------- - -
~~~\: :~r~W~:li~}~~~) ___________
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}''''7:.f':;:;' ~__:~!_____,_ _ _ ',J /;YulcA- ____
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, '-
. ,STATE OF CplORADO
- - ,....-."
"~~~iy 'Df JEF~LRSON
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The40 egoi fig ins trumen t was ex. ecuteo
,1,7 . 19 ~7'/. by
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artment
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ri ty Adml1'li stratnY'
EXECUTEiJ BY CITY
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i>layor" . "''''''
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ATTEST.ED TO ~Y~ / I:
c ~-;'::J-' , ,,7/ !,'=L"
City Clerk L.'/15 '-n
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befpl'e me this y~ day of
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Notdl'Y ?ub-TIL
My COlllmission E pires 11:.1 ~:J:<>-,::.::.c;-:;.';f'c~-...~-n,-lm
2995 660
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