HomeMy WebLinkAboutcoa.pi.603-631 Garmish-Shadow Mt. 2001
PUBLIC IMPROVEMENTS AGREEMENT
BE1WEEN THE CITY OF ASPEN AND 5' Hit O)\A)
MT" I .IJv\J?S,TIVI-PN I
.
(hereinafter "Owner")
WHEREAS Owner is the owner of the real property located at the following street
address ~-::s- b 3/ (j-r:r 1\,/ ISC /,) jD- 3 & TI'4m a( S [frY'- Pi f'-- V ,Aspen,
Colorado, with the following legal description lOT ~ -}). J3G,Be~ J?;N,Lr,SuMvJs",,",
and the following Parcel Identification No. ),73 S- - J 3/- 03- 003 TD 0/2- . ; 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
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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SILVIFl DAVIS PITKIN COUNTY co R
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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 ~ day of Oc P
,202.i. .
By:
State of Colorado )
)
County of Pitkin )
The foregoing instrument was acknowledged before me this 3 day of O~~
~, .
20QL, by ~ 5'tJnvl()AN
J?~r;y;1j~
Notary Public
My commission expires: 7 ~ (2 r 04
Address:
'h/7 e. f/of}PNS
T
J6fYtJ tJ) 1}j&11
CITY OF ASPEN, COLORADO, A Municipal Corporation
Approved as to form: ~~
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C:\home\word\fonns\publicimprovmentdoc
4120101
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SILVIA DAVIS PITKIN COUNTY CO