HomeMy WebLinkAboutcoa.pi.610 W. Smuggler Ave.-Wax 2001
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SILVIA D~:WIS PITKIN COUNTY CO R 10.00 0 0.00
BETWEEN THE CITY OF ASPEN AND
PUBLIC IMPROVEMENTS AGREEMENT
Jl,CHlI~O (JAY..
(hereinafter "Owner")
WHEREAS Owner is the owner of the real property located at the following street
address % w. S'mV1 J(,~ A vt .' Aspen,
Colorado, with the following legal description UP/~ C / Lo-r <1 J,;,lJn'~6't.. ~O!.
and the following Parcel Identification No. elf J 5 - } 2 Y -CJ J 0 10 ; and
WHEREAS, Owner has recently received land development approvals; 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
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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.
. .
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.
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E red into is ~ day of ~, 20 0 I .
County of Pitkin
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State of Colorado
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r~ Notary Public
Address: r.ro 1cJy.. 16 9 r
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this 1I!:.- day of 0} rl
CITY OF ASPEN, COLORADO, A Municipal Corporation
Approved as to form: ~(/JI'~
C:\home\word\forms\publicimprovment.doc
4120101
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