HomeMy WebLinkAboutcoa.pi.Lot44-W.Aspen.1999
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PUBLIC IMPROVEMENTS AGREEMENT
BETWEEN
frLtCt3' Jv1. BIf / c N
/11. LJ;:? /~ N is/are owner(s) of the real
(and legal
THE CITY OF ASPEN AND
WHEREAS, !1-U C ~
property located at (street address) C 0
description) Lof ~.tf we)f- A:>fJen
J'1.t.6 (//IIIt'i. f. I AI
:"OI property, Aspen, Colorado,
(hereinafter "Owners"); and
WHEREAS, Owner has recently received land development approval( s); and
WHEREAS, Owner's property may benefit from future public improvements such as storm
drainage systems, street lighting, sidewalks, curbs and gutters, and similar public improvements for
future construction; and
WHEREAS, these improvements serve entire neighborhoods and areas greater than a single
property and therefore are impractical for individual property owners to design and construct; and
WHEREAS, the City Engineer does not recommend the construction of such improvements
at this time due to existing improvements or conditions.
NOW, THEREFORE, the parties agree as follows:
1. Owner agrees to join future improvement district(s) established to plan, design, and
construct such public improvements and to financially participate on a pro rata basis as may be
established by an assessment formula to include property area, property frontage, per each property,
or other basis of assessment, as appropriate, as determined by the City Council acting as a Board of
Assessment in accordance with the City Charter or Colorado State law.
2. In the alternative, at the City's option, the City may construct the above improvements
and owner shall reimburse the City for all costs of such construction on a pro rata basis established
by an assessment formula. Reimbursement shall be made to the City within ninety (90) days after
receipt of invoice. In the event of failure to pay, the cost shall be placed as a lien against the
property to run with the land.
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431144 05/17/1999 11:36A AGREE"EN DAVIS SILVI
1 0' 2 R 11.00 D 0.00 N 0.00 PITKIN COUNTY CO
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r" 3. This agreement shall be binding and shall inure to the benefit of the heirs, assigns, and
successors in title of the parties hereto. This agreement shall run with the land and shall be
recorded to provide notice to subsequent owners of the property.
Entered into this 1./"- daYOf~ , 19<JJ.
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By:
State of Colorado )
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. County of Pitkin )
The foregoing instrument was acknowledged before me this L day of J/Y'Ia)
19i1i.., by 4h( € f)j,eYl .
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official seal.
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My commission expires:
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Address:
M Notary Public
~ 10 9 ~1Jvt-.Jt
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CITY OF ASPEN, COLORADO, A Municipal Corporation
Approved as to form: . -~q /?.&~
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IMPRDSl2.DOC
1/1111I1111I 1111I1111111111 11111111111111I11111 1111/111
431144 0S/17/1999 11:36A AGREE"EN DAVIS SILVI
2 0' 2 R 11.00 D 0.00 N 0.00 PITKIN COUNTY CO
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