Resolution 1997-34 - Laserfiche WebLink

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H. Louisville finds ghat it, and Superior finds that it, has a commitment to planned and orderly growth; to regulating the location of activities and development which may result in increased demands for its services; to reducing and avoiding, where possible, friction between the two parties; to promoting the economic viability of their respective communities; and to raising revenue sufficient to meet the needs of their citizens; and I. U.S. 36 provides a logical boundary between Louisville and Superior; and J. It is in the bE~st interest of each municipality to jointly plan improvements to the Superior/Louisville interchange of U.S. 36 at McCaslin Bouleva:rd (the "Interchange") and its capacity to handle traffic generatE=_d by existing and anticipated development within each municipality,. II. Riabts and Obligations NOW, THEREFORE, in r_onsideration of the mutual covenants and agreements contained he:rein, Louisville and Superior agree as follows: 1. Disconnection ~f South Property by Louisville. Louisville agrees to disconnect from Louisville, pursuant to the provisions of state law, the property described on Exhibit A, consisting of approximal:el.y eighty (80) acres located east of McCaslin Boulevard and ~;outh of U. S. 36 (the "South Property") . Louisville shall request. ghat the existing owners of the South Property sign an application, in a form acceptable to both parties, to have the South Property disconnected from Louisville, and Louisville shall proceed to implement the disconnection after approval of this Agreemer.~t pursuant to Paragraph 12. If any owner of the South Property fa:il~~ to properly execute the disconnection application prior to August: 16, 1997, either party may decide not to place this Agreement f>efore its voters as provided in Paragraph 12. The South Property has been zoned by Louisville for commercial retail use and Louisville would derive substantial revenue and other benefits if the SoiatYi Property was developed for commercial retail uses within the boundaries of Louisville. However, the City Council of Louisville finds that disconnection of the South Property is appropriate g~_ven the revenue sharing and land use provisions of this Agreement. 2. Disconnection ~f North Property by Superior. Superior agrees to disconnect from :>uperior, pursuant to the provisions of state law, the property on the north side of U.S. 36 of approximately five acres which is within the boundaries of the Town of Superior and is described in Exhibit B (the "North Property"). Superior shall request that the existing owner(s) of the North Property sign an application, in a form acceptable to both parties, 2