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HomeMy WebLinkAboutcoa.pi.926&930W.Francis.sidewalk,curb&gutter.1998 , r- r" r" -.' PUBLIC IMPROVEMENTS AGREEMENT BETWEEN THE CITY OF ~EN AND ~ IIcszuee WHEREAS, <- j!./()J2p '1Ir-,~ is/are owner(s) of the real. property located at (street address) 9zG, a 930 w. F2'lrJtl5 "'Tf<E:fiT. AsP!;AI (and legal description) Lll"~ 142. J I+!,.,u SlJlodNls,..tJ Exe..p+,;"" of 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. IMPRDST2.00c 1lI02198 1 OF 2 111111I1111I11111111I111111I1111I11111111I11111 11111111 425498 12/15/1998 10,56A AGREEMEN DAVIS SIlVI 1 0' 2 R 11.00 D 0.00 N 0.00 PITKIN COUNTY CO , 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 's lcf'dayof\\O(lH'1J~avI9 'D. \i: ,r'l~" ;1 i'" ,J ,f'.' ", $"",] .n'" ~i' ~ ;, .1 ~ I' By: 'I "'\~ . 1 ~ :\ ^"'" t;: r, ~~}~~w.,:i ~ <!O;,t -J; ~ ~ \,," i'~ ,.... '" <' ~),. ,~ titl,j State of Colorado ) ) ) ~~, :F' t E j., "^',' ~';..-~ f () i;l , j' ~ ~ z... j .) .' . . ".~,;; County of Pitkin The foregoing instrument was acknowledged before me this ~ day of j)o ~ D -1.[' , 19.3.:0, by .JJ~ t+olJ) ~r. ' r- Address: _, 21Q) -&r ~b~ - COT). e-'~i ');;;'J r'o. ",'<-,- ...... 'C ' .;.'(,\,- ;..- "'. 'J..:': ,-,;. .... 0 "~ ~o', .-...~.::~,~";^",,_,, .....,'._ :..J.'~ ; "'^';;r;'.< ' ': <>" --'- ,. ::.....;10 .:t_ " , ..fQ? \.)=- . ~ iN.. i. ^ ..' () f . ' '" .' I. . \.I'/r:;. ~...,.~.-:.... ~v.", '.'....'.---.....,'t.-1'."L$t'y," ,,~,., ..' ',\\' ?~/,,;~,,;!.,';'''I'~\, ",,.. Witness my hand and official seal. My commission expires: ~OJJ~ POO(t~~ uyCOAlflSSlOl . Notary Public CITY OF ASPEN, COLORADO, A Municipal Corporation Approved as to form: '~i/' /?&~ ~F /"""". 11111111111111111111I111111I1111I1111111111111111111111 42S498 12/1S/1998 10:S6A AGREEMEN DAVIS SIlVI 2 0' 2 R 11.00 D 0.00 N 0.00 PITKIN COUNTY CO lMPR.DST2.00c """" 2 OF 2