1200, 1204, 1303, 1305 & 1502 Sumac - Crystal Enterprises - Annexation Agreement 001061540 08/35/90 08:56 AM REAL ESTATE RECORDS
F1641 CHARLOTTE HOUSTON BOULDER CNTY CO RECORDER �1
ANNEXATION AGREEMENT
THIS AGREEMENT, made this �4 a 1r- z 1990, by and between die
CITY OF BOULDER,a Colorado home rulc city,hereinafter referred to as "City;"and Crystal
Enterprises, a Colorado general partnership, hereinafter referred to as "Applicant":
WITNESSETH:
RECITALS
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WHEREAS, the Applicant is the owner of the reals property described as Lots 1 and
' 12, Block 9, Moore's Subdivision, Boulder County, Colorado, whichreal property shall
hereinafter be referred to as the "subject property'; and ,
WHEREAS, the Applicant is interested in obtaining approval from the City of a request . .
for the annexation of the subject property with a zoning designation of LR-E (Low Density
Residential - Established; and,
3q WHEREAS, the City is interested in insuring than certain terms and condit;ons of
.a annexation be met by the Applicant in order to protect the public health, safety and welfare
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and prevent the placement of an unreasonable burden on the physical, social, economic, or
environmental resources of the City.
COVENANTS
NOW, THEREFORE, in consideration of the recitals, promises and covenants herein
set forth, and other good and valuable consideration herein receipted for, the parties agree as
follow: 7,
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1. Prior to the first reading of the ordinance annexing the subject property to die City "!
of Boulder by the City Council, the applicant shall:
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a. Pay to :he City the outstanding assessnxnt for the water mains in Riverside
Avenue and Sumac Avenue abutting the subject property:
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.. Riverside Ave.: $11.22/ft, X 105.2 ft. = $1,180.34
Sumac Ave.: $6.18/ft X 105,2 ft. = $650.14
b. Pay to the City the outstanding assessment for the sewer mains in Riverside
Avenue and Sumac Avenue abutting the subject property:
Riverside Ave.: $10,99/ft. X 1052 ft. = $1156.15
Sumac Ave.: $13.35/ ft. X 105.2 ft. = $1404.42
C. Pay the connection permit fee and the plant investment fee (PIF) for connection
of the existing single family dwelling on the property to the City sanitary sewer
system,
d. Sign and file petitions for inclusion in the Northern Colorado Water
Conservancy District and the Boulder Municipal Subdistrict and pay all
applicable fees on land and improvements zor inclusion in such districts.
e. Offer to the City on a form acceptable to the Director of Real Estate and Open
Space the first right of refusal for purchase of any water rights appurtenant to
the subject property.
f. Dedicate to the City, at no cost, 0.5 feet of property along the entire western
boundary of the subject property as it abuts Broadway.
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j g. Pay the applicable development excise tax for the single family dwelling on the
jsubject property ($2363.69) unless all or pw-t of this requirement is waived by
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City Council.
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2. The Applicant agrees that the property will not be subdivided into more than three
single family lots and no more than three dwelling units may be built on the site.
3. The Applicant shall pay, when billed by the City,its prorata share of the right-of-way
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improvements, which may include curb, gutter, pavement, roadbase, bikeways,
sidewalks, and drainage improvements, for Sumac Avenue as it abuts the subject ;
property.
4. The Applicant agrees that no direct vehicular access to Broadway will be permitted for
any existing or new development of the subject property.
5. The Applicant shall preserve in an undeveloped condition and reserve for future
acquisition by the City, 14.5 feet of property east of the property required to be
dedicated in condition #lf above, along the entire western boundary of the subject
property as it abuts Broadway.
6. The agreements and covenants as set forth herein shall run with the land and shall be
binding upon the Applicant, its successors, representatives and assigns, and all persons
who may hereafter acquire an interest in the subject property, or any part thereof. If
it shall be determined that this Agreement creates an interest in land, that interest shall
vest, if at all, within the lives of the undersigned plus twenty years and three hundred
and sixty-four days.
EXECUTED on the day and year first above written.
_ OWNER
Crystal Enterprises,
a Colorado general partnership
BY: (1..c;.'i"i,, %Z'- .
Anne-Michelle Molfese,
Managing Partner
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STATE OF COLORADO }
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COUNTY OF BOULDER }
The fore oing instrument was ack owledged before me this !day of G ,
199Q, by
WITNESS MY HAND AND OFFICIAL SEAL
My commission expires: I � o?-
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AddresV c
(SE/►L) -
ClLYOF BOULDER, COLO
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City Manager
est:
Ex-officio City Clerk
APPROVED AS TO FORM:
�IT A ORNEY
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