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Three Springs Development Agreement

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Three Springs Development Agreement THREE SPRINGS DEVELOPMENT AGREEMENT BETWEEN CITY OF DURANGO, COLORADO AND GRVP, LLC 906896 411 5/2005 1 1 :25 AM Linda Daley 1 of 123 AGR R$616.00 D$O.OO Laplata County Clerk APRIL 6,2005 . ... ,.....+A.-~-- J /-..I .Sd/3- THREE SPRINGS DEVELOPMENT AGREEMENT BETWEEN CITY OF DURANGO, COLORADO AND GRVP, LLC APRIL 6,2005 THREE SPRINGS DEVELOPMENT AGREEMENT TABLE OF CONTENTS RECITALS A . The Property ................................................................................................................... 1 B . Grandview 1St Addition ................................................................................................. -1 C . The Project .....................................................................................................................1 D . Public Improvements ......................................................................................................1 E . Conceptual Development Plan .......................................................................................2 F . Mutual Benefits ..............................................................................................................2 G . CDOT Access Permit ..................................................................................................... 2 H. County Agreement ......................................................................................................... 2 I . School District 9-R Agreement ......................................................................................3 J . South Durango Sanitation District Agreement .............................................................-3 K . 404 Permit .....................................................................................................................-3 L . Cooperation ....................................................................................................................3 DEFINITIONS ..............................................................................................-3 ARTICLE ONE .. Purposes 1.01. Purposes Identified .................................................................................................. -7 A . High Quality Project .......................................................................................... 7 B . Reasonable Assurances to Developer ................................................................ 7 C . Reasonable Assurances to City ..........................................................................7 D . Acknowledgment of Up-front Costs ..................................................................7 E(. Dedication and Infrastructure Comrnitments .....................................................7 F. Conditional Vesting ...........................................................................................8 ARTICLE TWO .. General Project Description 2.01. Mixed Uses ..............................................................................................................8 2.02. Villages ....................................................................................................................8 A . Village 1............................................................................................................. 8 B . Village 2 .............................................................................................................8 2.03. Duration of Build Out ..............................................................................................8 2.04. Phases ...................................................................................................................... 8 2.05. Codes and StandardsICity Assurance ...................................................................... 9 2.06. Develope~'s Commitment ........................................................................................9 ARTICLE THREE .. Densities, Uses. Reallocations. Incremental Development. and Product Mix Design Densities ...................................................................................................... 9 Specific Densities ....................................................................................................-9 Variations in Open SpaceILand Dedications ........................................................... 9 Projected Village Units and Square Footages ........................................................ 10 Densitymse Reallocations ..................................................................................... 10 A . Total Project Density ....................................................................................... 10 B . Ten Percent Shifting Between Villages ........................................................... 10 C . Reallocation Notification .................................................................................10 D . Reallocations Requiring Additional Approval ................................................. 10 1. Exceeding Ten Percent ..............................................................................11 2 . After Final Site Plan Approval ................ ;................................................. 11 Incremental Development ...................................................................................... 11 Retail to Residential Product Mix ..........................................................................11 A . First Final Plat ...........................................................................11 B . Retail Minimums Prior to Phase 2 ................................................... 11 Residential Product Mix ....................................................................11 ARTICLE FOUR .. Development Standards Intent ......................................................................................................................11 Application of Existing City Standards ................................................................. 12 Fire Detection and Suppression ............................................................................. 12 Content and Effect of Codes and StandardsICity Assurance ......................... 12 A . Content ................................................................................... 12 1. Transects Defined .................................................................12 2 . Additional Standards ..............................................................12 B . City Consideration .....................................................................12 C . City Approval ...........................................................................12 D . Effect of Approval .....................................................................13 Cultural Resources ..........................................................................13 Design Guidelines ..........................................................................-13 Energy Conservation and Sustainability ................................................................ 13 Water Management Program ................................................................................. 14 Internal Road Design ............................................................................................. 14 A . Design Objectives ......................................................................................... 14 B . Density Affected .............................................................................................. 14 1. Good Faith Review .....................................................................................14 2 . Density Modification ..................................................................................14 AffordableIAttainable Housing ..............................................................................15 A . Affordable Units ..............................................................................................15 B . Attainable Units ............................................................................................... 15 C . Rent or Sale ...................................................................................................... 15 D . Substitutions and Limitations .......................................................................... 15 E . Documentation ................................................................................................. 15 F . Affordable and Attainable Housing Mix ........................................... 15 1. Second Final Plat Percentages .................................................................... 15 2 . Minimums Prior to Phase 2 ......................................................................... 16 G . Deed Restrictions ............................................................................................. 16 ARTICLE FIVE .. Land and Water Dedications Generally ................................................................................................................ 16 Categories .............................................................................................................. 16 Timing of Dedications ........................................................................................... 16 Free of Liens or Debt .............................................................................................16 Developer's Use of Dedicated Lands ....................................................... i ............ 17 Park Dedications .................................................................................................... 17 A .
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