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2005-41

A RESOLUTION

AUTHORIZING AN AGREEMENT WITH ACADEMY PARK VENTURE, LLP REGARDING DEVELOPMENT AND PUBLIC IMPROVEMENTS FEE COLLECTION AT 7205 WEST QUINCY AVENUE.

WHEREAS, Academy Park Venture, LLP, the developer of 7205 West Quincy Avenue, has agreed to provide additional public improvements contingent on reimbursement from a public improvements fee imposed by the developer on retail sales occurring on the property; and,

WHEREAS, the City and Academy Park Venture, LLP desire to enter into an agreement relating to development of 7205 West Quincy Avenue and the collection by the City from retailers of the public improvements fee imposed upon the property.

NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakewood, Colorado, that:

SECTION 1. The City Manager is hereby authorized to execute and the City Clerk attest an agreement, in form approved by the City Attorney, with Academy Park Venture, LLP relating to development and public improvements fee collection at 7205 West Quincy Avenue.

INTRODUCED, READ AND ADOPTED by a vote of _______ for and _______ against at a regular meeting of the City Council on June 13, 2005, at 7 o'clock p.m. at Lakewood Civic Center South, 480 South Allison Parkway, Lakewood, Colorado.

Stephen A. Burkholder, Mayor

ATTEST:
Margy Greer, City Clerk