Resolution 2007-22 - Laserfiche WebLink

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~~Ip~Y~~~~~~RIIII~~III~II~II~~Hll~911 2851499 ~ REIMBURSEMENT AGREEMENT THIS REIMBURSEMENT AGREEMENT ("Agreement") is made this ~ day of ri ~ _, 2007, by and between the CITY OF LOUISVILLE, STATE OF CO ORADO, a Colorado municipal corporation, and the COLORADO TECH CENTER METROPOLITAN DISTRICT, aqua;;i-municipal corporation and political subdivision of the State of Colorado. RECITALS WHEREAS, the District pry°viously constructed a lift station to serve a portion of the property located within the District's boundaries; and WHEREAS, the existing lift: station was constructed by the District and dedicated to the City for operation and maintenance; and W~IEREAS, the City accepted the existing lift station in accordance with applicable provisions of the City Charter, Code, rules, regulations, standards and policies ("City Policy"); and WHEREAS, the District desires to replace and expand the existing lift station in a new location and extend other certain gravity sewer and force main line improvements as further identified herein (the "Project"); and WHEREAS, upon completion and City acceptance, the Project will be owned and operated by the City; and WHEREAS, the Project, upon completion, in addition to serving properties located within the District, may serve certain properties located without the current boundaries of the District as further identified herein (the ":Benefited Area"); and WHEREAS, the Benefited Area is located in the City; and WHEREAS, the District desires to impose a portion of all direct and indirect costs incurred by the District related to the design, construction and installation of the Project (the "Reimbursement Fee") on a prorated bas>is on those properties within the Benefited Area; and WHEREAS, the City is willing to work with the District to assist the District in collecting the Reimbursement Fee; and WHEREAS, pursuant to Colo. Const. Art. XIV, Section 18(2)(a) and Section 29-1-203, C.R.S., the City may contract with the District to share costs related to the design, construction, and installation of the Project; and WHEREAS, the District wishes; to construct the Project to serve territory within the District and the Benefited Area; and WHEREAS, the District and'. City have determined that this Agreement is in the best ti o,-l?