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HomeMy WebLinkAbout890292.tiff RESOLUTION RE: APPROVE AGREEMENT REGARDING IMPROVEMENTS TO WELD COUNTY ROAD 29 (71ST AVENUE) WITH GILFORD E. ALEXANDER, MILDRED E. ALEXANDER, AND SHARON K. ALEXANDER AND AUTHORIZE CHAIRMAN TO SIGN WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board has been presented with an Agreement Regarding Improvements to Weld County Road 29 (71st Avenue) between Weld County and Gilford E. Alexander, Mildred E. Alexander, and Sharon K. Alexander, and WHEREAS, the terms and conditions are as stated in said Agreement, and WHEREAS , after study and review, the Board deems it advisable to approve said Agreement, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Agreement Regarding Improvements tc Weld County Road 29 (71st Avenue) between Weld County and Gilford E. Alexander, Mildred E. Alexander, and Sharon K. Alexander be , and hereby is , approved. BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is , authorized to sign said Agreement. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 29th day of March, A.D. , 1989 . �I L BOARD OF COUNTY COMMISSIONERS ATTEST: � � J WELD COUNTY, COLORADO Weld County Clerk and Recorder el/71/4___ and Clerk to the Board C.W. Kirbyirman x tlf __ erm yy�_e e_ ti (Ja gue ine Jhh�ChhJJnson, Pro-Tem eputy County Clerk EXCUSED APPR VED AS TO FORM: Gene R. Brantner Cilli George] Kennedy _____L _.. .1 .1_______Ift :-It.i County Attorney 2-s.,:?!,;,,,- 6' a Gordon E. de (6) cf 9 890292 cp AGREEMENT REGARDING IMPROVEMENTS TO WELD COUNTY ROAD 29 (71ST AVENUE) THIS AGREEMENT, made and entered into this 29th day of March , 19 89 , by and between THE BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY, STATE OF COLORADO, hereinafter called "County" , and GILFORD E. ALEXANDER, MILDRED E . ALEXANDER, AND SHARON K. ALEXANDER, hereinafter called "Alexanders" . WITNESSETH: WHEREAS, Alexanders are the owners of properties located in Part of the Southwest Quarter of Section 16 , Township 5 North, Range 66 West of the 6th Principal Meridian, Weld County, Colorado, known as Lots 1 through 3 , inclusive , and Lots 6 through 8 , inclusive, of Block 1 , and Lots 1 through 3 , inclusive, and Lots 5 through 7 , inclusive, of Block 2 , of the Peterson-Alexander Subdivision, recorded at Book 918 , Reception Number 1840116 , of the records of the Weld County Clerk and Recorder, which property, included platted streets, consists of 17. 095 acres , more or less, and WHEREAS, said subdivision was approved by the Board of County Commissioners on April 9 , 1979 , and WHEREAS, no residential improvements exist on any of the Lots listed herein and improvements would be required to be provided by the Alexanders before the lots could be developed for residential purposes in the nature of construction of roadways with associated drainage structures and water service facilities , and WHEREAS , the original approval of the Final Plat required that a $32 , 047 .50 bond be posted by the developer for roadways but did not cover water service facilities , and WHEREAS, there has been no development of the Subdivision, and the costs of road improvements have substantially increased since April 9 , 1979 , and WHEREAS , a Subdivision Improvements Agreement was executed but the Agreement is inadequate to secure the current costs of development and the bond has expired , and WHEREAS , there is currently pending a Petition for the formation of a local improvement district for the paving of Weld County Road 29 , also known as 71st Avenue , between U.S . 34 business route and U.S. 34 bypass , as well as certain improvements in the Knaus Subdivision, and Page 1 of 4 Pages 890292 WHEREAS , the property owned by the Alexander will be benefitted by the improvements to 71st Avenue , only if residential improvements are made to those Lots , and WHEREAS, the parties contemplate that roadway and water service improvements will be made and guarantees posted before those lots are made available as individual residential building sites . WHEREFORE, in consideration of the mutual covenants described herein, the parties agree as follows : a . Alexander agrees , prior to the commencement of construction of any public or private improvements on or benefitting Lots 1 through 3 , inclusive, and Lots 6 through 8 , inclusive, of Block 1 , and Lots 1 through 3 , inclusive, and Lots 5 through 7 , inclusive, of Block 2 , Peterson-Alexander Subdivision, or the sale of individual lots of Lots 1 through 3 , inclusive, and Lots 6 through 8 , inclusive, of Block 1 , and Lots 1 through 3 , inclusive, and Lots 5 through 7 , inclusive, of Block 2 , in Peterson-Alexander Subdivision to resubmit a Subdivision Improvements Agreement according to the Weld County Collateral Policy, which agreement shall provide that the Alexanders post collateral in an amount equal to the estimated costs of construction of all roadway improvements and any associated drainage structures as shown on the plat of the Subdivision. The Alexanders shall have the option of agreeing to post collateral for the water service improvements or making those improvements as set forth in the original subdivision approval. "Sale of individual lots" shall include , but not be limited to , any conveyance by deed, contract for sale, or a lease , not exclusively made for farming purposes , of any of the above-listed lots within the Subdivision. This definition excludes any sale of the lots in one transaction and excludes any transaction in the nature of a deed of trust or mortgage . b. That Alexanders agree to join in the Petition for the improvements to 71st Avenue for all lots owned by the Alexanders within the Subdivision. c. That the County, if the local improvement district for the improvements to 71st Avenue is approved and created, agrees to initially pay as a County share of the local improvement district, the assessment to be imposed on Lots 1 through 3 , inclusive , and Lots 5 through 8 , inclusive , of Block 1 , and Lots 1 through 3 , inclusive , and Lots 5 through 7 , inclusive , of Block 2 , of Peterson-Alexander Subdivision. d. Prior to the issuance of any building permits on Lots 1 through 3 , inclusive , and Lots 6 through 8 , inclusive , of Block 1 , and Lots 1 through 3 , inclusive and Lots 5 through 7 , inclusive , Page 2 of 4 Pages ,,.10232 of Block 2 , of the Subdivision, or the commencement of any construction of roads or water improvements on said lots of the Subdivision, Alexanders agree to reimburse, with no interest charge , County for the assessment paid by the County for the Lots described in this paragraph d. e. This Agreement shall in no way obligate the Board of County Commissioners to create the local improvement district for the improvement of 71st Avenue, but shall become effective upon creation of same. f. This Agreement shall not be deemed to have amended or altered the previous Subdivision Final Plat approval except as specifically set forth herein. g. This Agreement shall be binding upon the heirs , executors , personal representative, successors , and assigns of the parties, and upon recordation, shall be deemed a covenant running with the land herein described and shall be binding upon the successors in ownership of said land. DATED this 29th day of March , 19 89 . ATTEST: claciA& J BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY, STATE OF Weld County C erk and Recorder COLORADO and Clerk to the Boaxd By: 15T,,.. � By JC�I Chairman deputy County Glerk STATE OF COLORADO ss. COUNTY OF WELD The foregoing instrument was acknowledg d before me on this day of CkG.rc� , 1937 , by LOT.LFoRi E . AL XHN� WITNESS my hand and official seal. Notary Puclic j 7pe ,13-& Q3/4•-*, My commission expires : �e�� Cv �'o�j1 acs eta, 155d 890292 Page 3 of 4 Paaes w Gilfor E. Alexa der STATE OF COLORADO ) ss. COUNTY OF WELD ) The foregoing instrument was acknowledge before me on this a-e r day of (AC-4cLaj , 19 L3 I , by �'Pc&D E Hsu mrJ cv2., WITNESS my hand and official seal . &Dc Notary Publi riot -L My commission expires : ,,U ,e(3 sobs/ -C+J <la 19 i0 ` �Y Mildred E. Alexander STATE OF COLORADO ) ss. COUNTY OF WELD ) The foregoing instrument was acknowledged before me on this --)4“ day of N) au,n,4 , 19 gy , by WITNESS my hand and official seal. No ary Public My commission expires : My Commission Expires June 8, 1990 Sharon K. Alexander, n/k/a Sharon O'Connell STATE OF COLORADO ) ss . COUNTY OF WELD ) The foregoing instrument was acknowledged before me on this day of rill A CS C , 19 , by WITNESS my hand and official seal . khothuf Notary Public My commission expires : D0NK L*RAM IWO MC,RbW M Mw 1M WNW Saw et 830292 pE «12 � Page 4 of 4 Pages Hello