HomeMy WebLinkAboutcoa.pi.375 N. Spring St.-DCR Family 2000
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PUBLIC IMPROVEMENTS AGREEMENT
BETWEEN
THE CITY OF ASPEN AND 1l'tE l)C!/2. F~MIl..'"l' L"TD PA/~:nJ~""~
WHEREAS, if4E. /:X!.P- ~1I..y t:rt> PMlT1.)EIl~HI'" is4lfe.owner(s) of the real
property located at (street address)--2'5' 1J. ~PQ/~ ~'r, ~P8J, (!i> (and legal
Lf)T~ 8,'i IO,I("",,O~~'h.o~c. "r T,
description) 'l!.1.OC1I: " AKuAUftJMI>o Fl.An. *00 I T70t..J 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.
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448748 11/13/2000 02:52P AGREEnEN DAVIS SILVI
1 0' 2 R 10.00 D 0.00 N 0.00 PITKIN COUNTY CO
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3. This agreement shaH be binding and shaH 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 thisciL day of
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By:
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State of Colorado
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ounty 0
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efore me this ~ day of ~~)-
The foregoing instrument was acknowledge
~bY
Witness my hand and official se
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Notary Public
Address:
CITY OF ASPEN, COLORADO, A Municipal Corporation
Approved as to form: ~./:.?.ti/' J"7di' du
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1111111111111111111111111111111111111111111111111111111
448748 11/13/2000 02:52P AGREEnEN DAVIS SILVI
2 0' 2 R 10.00 D 0.00 N 0.00 PITKIN COUNTY CO
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