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HomeMy WebLinkAboutcoa.pi.126 Park AVe.-Adair Jr. 1999 PUBLIC IMPROVEMENTS AGREEMENT BETWEEN property located at (street address) description) ::5EGi'c c)(!lt!J(T THE CITY OF ASPEN AND AeJA P. ADAIR JJiL lJ..b ~a-JA ~ , ( A A-f1f\C-~ WHEREAS, is~wner(f) of the real (and legal 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 11102/98 1 OF 2 1/11111111111111111111111111111111111111111111111111111 429001 03/22/1999 12:!8P AGREE"EN DAVIS SILVI 1 of 3 R 16.00 D 0.00 N 0.00 PITKIN COUNTY CO 3. Ibis agreement shall be binding and shall inure to the benefit of the heirs, assigns, and successors in title of the parties hereto. Ibis agreement shall run with the land and shall be recorded to provide notice to subsequent owners of the property. Enteredintothis)/1f'dayof f~_, 19ft. By: "-t' r.~ r' State of Colorado ) f\ QJ\; ~t\(lQ. County ofPitltin ) The foregoing instrument was acknowledged before me thi~ day ~'<Uo.Al1 19'1'1 , byAr~. (, ~'-t- ,,')(Z- . My commission expires: Address: Notary Public ~2>I~ ~6 ~~ 8h-> \1" u:re~ C0 26\ \. \ l CITY OF ASPEN, COLORADO, A Municipal Corporation Approved as to form: t....--.."':q-.(// /7&d:u. """""'.DOC 1111111111111111111111111111111111111111111111111111111 429001 03/22/1999 12:!8P AGREE"EN DAVIS SILVI 2 of 3 R 16.00 D 0.00 N 0.00 PITKIN COUNTY CO - 2 OF 2 IIfC., . . .ElqlilII01fJlll'8Xl1 ""... ., EXHIBT "A" -----LEGAL DESCRIPTION PARCEL A: LOTS 1 AND 2'0 BLOCK 7/ RIVERSIDE ADDITION TO TilE ASHl'l. EXCEPTING TIlE SOUTHERLY FIfTEEN (15) fEET 'PROPERTY. PARCEL D: A PARCEL Of LAND DEING PART Of LOTS 1, 2 AND 4, BLOCK 7, RIVERSIDE ADDITION TO THE CITY Of ASPEH, COL0RADO, SAID PARCEL IS HORE FULLY DESCRIBED AS FOLLOWS: DEGIHNIIIG AT 11 POINT ON TilE WESTERLY LINE Of SAID LOT 1 WHENCE TilE SOUTIIWESTERLY CORNER Of SAID LOT 1 DEARS S 00014'00" W 15.51 FEET; THENCE S 00014' 00" W 23.00 FEET MONG TilE WESTERLY LINE Of SAID LOTS 1 AND 4; THENCE S 65041'25" E 40.05 FEET; TIIENCE N 21050'00" E 15.00 FEET TO A POlin' ON THE EASTERLY LINE Of SAID LOT 2; TIlENCE N 75006'00. W 41.00 fEET ON A LINE PARALLEL TO AND 15.00 FEET FROM TilE SOUTHERLY LINE OF SAID LOTS 1 AND 2 TO THE POINT OF BEGINNING. PARCEL C: 'A TEN (10) FOOT STRIP ALONG TilE SOUTIlERLY LINE OF LOT 9, PROMONTORY SUBDIVISION, ASPEN, COLORADO, 'EXTENDING FROM TilE SOUTIlWEST CORNER OF S1\10 LOT AT PARK AVENUE EASTERLY APPROXIMATELY TWENTY-FIVE tEET (25' I TO TilE WEST SIDELINE OF A FIFTEEN FOOT (15') STRIP ALONG THE EASTERLY LINE OF SAID LOT PREVIOUSLY CONVEYED TO DR. ROBERT BARNARD. PARCEL D: BEGINNING AT THE RECITED NORTHEASTERLY CORNER OF LOT 2, BLOCK 7, RIVERSIDE ADDITION TO THE SOUTHWESTERLY CORl<ER OF AN EXCEPTION PARCEL RECITED IN BOOK 457 AT PAGE 136, PITKIN COUNTY CLERK AND RECORDER'S OFFICE, BEING A REDAR AND CAP FOUND IN PLACE' BEARS Nilir~ .uohS" iE I A .I1JISTANCE OF 17.55 FEET; THENCE N 75006'00" W ALONG THE NOR'J;';H, ,llOptjQ,J\RY. LJ:.,t'll;;"WSAID LOT 2, BLOCK 7, A DISTANCE OF 32.48 FEET; THENCE N~~t~~J~li~.JE '~Gg4GJ trHE WESTERLY LINE OF THE EASTERLY 15.00 FEET OF LOT 9,. It~QC.K1",P)~OM?!;lTp"~,,SUBDIVISION A DISTANCE OF 13.77 FEET TO A POINT. qN)A'Nrl':~I:i-rtINg\~~i~INE; THENCE ALONG SAID FENCE LINE THE FOLLOWING TWO (21 CduRS~;'S S7000'10" E A DISTANCE Of ~.~4 FEET; THENCE S 50049'49" E A DISTANCE OF 28.10 FEET TO A POINT ON THE SOUTlffiRLY BOUNDARY OF LOT 7, BLOCK 1, PROHONTORY SUDDIVISION; TRENCE ALONG SAID SOUTHERLY BOUNDARY LINE S 77045'35" E A DISTANCE OF 5.37 FEET; THENCE S 21050'00" W ALONG THE RECITED EXTENSION OF ~lE EASTERLY BOUNDARY LINE OF LOT 2, BLOCK 7, RIVERSIDE ADDITION TO THE CITY OF ASPEN A DISTANCE OF 3.19 FEET TO THE POINT OF BEGINNING, DESCRIBED PARCEL CONTAINING 262.0 SOUARE FEET, HORE OR LESS. ::1" CITY ~D TOWNSITE OF OF SAID ABOVE DESCRIBED COUNTY OF PITKIN, STATE OF COLORADO. 1111111111111111111111111111111111111111111111111111111 429001 03/22/1999 12:!8P AGREE"EN DAVIS SILVI 3 of 3 R 16.00 D 0.00 N 0.00 PITKIN COUNTY CO Schedule Page No. n'''_1.Q99.0040IZ ""Ir.INAL to1ho,nIJ'