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2001-023
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2001-023
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Last modified
2/20/2025 10:22:52 AM
Creation date
2/20/2025 10:22:46 AM
Metadata
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Official Documents
Official Document Type
Developer's Agreement
Approved Date
01/23/2001
Control Number
2001-023
Agenda Item Number
11.G.2.
Entity Name
Elm Development Services LLC
Subject
Developers Agreement for The Colony
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• <br />40 <br />(5) 17th Street Southwest Bridge: <br />(a) In conjunction with Phase 1 of its construction plans, Developer shall design <br />and construct a three -lane bridge for vehicular traffic on 17th Street Southwest across the Lateral <br />Canal at Ord Avenue in accordance with design drawings and specifications approved by the <br />County, which approval shall not be unreasonably withheld or delayed. <br />(b) The Developer shall contribute $200,000.00 toward the Construction Costs, <br />including utility relocation (if any), of the bridge at 17th Street Southwest, in exchange for traffic <br />impact fee credits for the same amount. The County shall reimburse the Developer for all <br />Construction Costs over $200,000.00. The County shall reimburse the Developer for Construction <br />Costs over $200,000.00, by payment by County check within thirty (30) days of the County's <br />inspection and approval of the work represented by each draw or final payment made by the <br />Developer. The County shall make such inspections within seven (7) days after notification by the <br />Developer of each draw or final payment. The Developer shall use the impact fee credits described <br />herein at the rate of not more than thirty single-family units (or the multi -family unit equivalency) <br />each year. <br />(c) If additional right-of-way is required for the proper design and construction <br />of the bridge at 17th Street Southwest, the County shall acquire the right-of-way necessary. If the <br />County is unable to acquire the right-of-way necessary for the proper design and construction of the <br />bridge in time for Developer to reasonably cause its construction during Phase 1 of the Developer's <br />project, then the Developer's obligation to construct the bridge shall be extended and continued until <br />Phase II of the project. If the County is unable to acquire the necessary right-of-way for construction <br />during Phase 2, then the Developer's obligation to construct the bridge shall terminate, and the <br />Developer shall put up a bond or other security in the amount of $200,000.00, payable to the County, <br />for a period of seven years from the commencement of Phase II construction, to be used for the <br />construction of the subject bridge, failure of which shall result in termination of the bond or other <br />security, in which case the Developer's obligation under this paragraph 5 shall be deemed satisfied. <br />(6) 43rd Avenue Turn Lane: Developer shall design and construct a southbound left <br />turn lane along 43rd Avenue to serve 17th Street Southwest in accordance with design, drawings, <br />and specifications approved by the County, which approval shall not be unreasonably withheld or <br />delayed. The County shall be responsible for and shall pay one hundred percent (100%) of the <br />Construction Costs for the subject turn lane. <br />(7) Dedication of Right-of-way by Developer: Developer agrees to dedicate to the <br />County 30 feet of additional right-of-way along 17th Street Southwest without compensation. The <br />dedication shall be made by deed or on the plat of The Colony. The County desires to acquire an <br />additional 40 feet over and above the 30 feet described above and the County shall pay the Developer <br />for such right-of-way at the price of $11,240.89 per acre, (4.782 acres), for a total of $53,753.95. <br />SM <br />
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