1734 & 1740 Sumac - Thomas Gratsch - Annexation Agreement =00784548 08/27/86 11 :47 AM REAL ESTATE RECORDS
F1426 CHARLOTTE HOUSTON BOULDER CNTY CO RECORDER
ANNEXATION AGREEMENT
THIS AGREEMENT, made this 2nd day of June, 1986, by and between the CITY OF
BOULDER, a Colorado municipal corporation, hereinafter referred to as "City;" and
Thomas Gratsch hereinafter referred to as"Applicant":
WITNESSETH:
RECITALS
WHEREAS, the Applicant is the owner of the real property described in the attached
Exhibit "A", included by reference and hereby made a part of this agreement, which real
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 and a zoning designation for it of ER-E
(Estate Residential-Established);and,
WHEREAS, the City is interested in insuring that certain things be accomplished by
the Owners in order to protect the public health,safety and welfare;
COVENANTS
NOW, THEREFORE, in consideration of the recitals, premises and covenants herein
set forth, and other good and valuable considerations herein receipted for, the parties
agree as follow:
1. Applicant shall extend the existing 8 inch water line in Sumac Avenue to tine
northwest corner of Lot 3 and provide a fire hydrant at the end of this main at the
applicant's expense and the applicant shall submit engineering plans for this water main
extension for review and approval by the City prior to issuance of a city water connection
permit. The applicant may enter into a public improvements extension agreement with
the City for reinbursement of a portion of these costs.
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2. The applicant shall pay the costs of any future transportation improvements to
the one half of Sumac Avenue abutting the property when requested by the City. The
City may require adequate financial guarantees for such street improvements prior to any
additional development or subdivision of the subject property.
3. No residential development shall occur within the floodway area on the subject
property.
4. Applicant shall pay park fees on existing dwelling unit prior to first reading of
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the annexation ordinance by City Council.
5. Applicant shall pay assessment for existing sanitary sewer main in Sumac
Avenue at$19.94 x 150 feet($2,991.00) prior to first reading of the annexation ordinance
by City Council.
, 6. The applicant shall grant a floodplain easement for the Wonderland Creek
floodplain to the City in a form acceptable to the City Attorney prior to first reading of
the annexation ordinance by City Council.
7. Applicant shall pay front foot assessments for the water main in Sumac
Avenue at$2.18 x 120 feet($261.60) prior to first reading of the annexation ordinance by
City Council.
8. Applicant shall file a Northern Colorado Water Conservancy Subdistrict
petition prior to first reading of the annexation ordinance before City Council.
9. Applicant shall offer any/all water rights associated with subject property for
sale to the City prior to first reading of the annexation ordinance by City Council.
10. The agreements and covenants as set forth herein shall run with the land and
shall be binding upon the Applicant, his heirs, 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.
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EXECUTED on day and yearabove written.
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CITY OF
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BOULDER, COLORADO
City
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C7)X-0 fici4Ciyy Clerk---
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APPROVED AS TO FORM:
CITY
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OWNER
BY: 1 .444
STATE OF
COLORADO•• I
COUNTYSS
OF BOULDER
The foregoing instrument was acknowledged before me this 20 day of June1
1986_,by Thomas Gratsch
WITNESS MY
• AND NOTARIAL SEAL.
My commission expires:
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