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WHEREAS, the Parties have held public meetings or hearings after proper public notice to <br />consider entering into this Amendment. <br />NOW THEREFORE, in consideration of the above and the mutual covenants and <br />commitments made, the Parties agree as follows: <br />1. Section 4.16 of Exhibit A (Text Portion) of the IGA is amended to read as follows: <br />4.16 <br />(a) Parcels numbered 157520000002, 157520000003, 157520000004, <br />157520000005, 157520000020, 157520000019, and 157520000007 (now <br />157520000034) (a total of approximately 78 acres) on the attached map are currently <br />unincorporated Boulder County and are designated Rural Preservation. Future use <br />shall be limited to agriculture and low density residential development as further <br />specified below. The parties agree that Louisville may annex these Parcels in that the <br />community of interest for these parcels is with Louisville for annexation purposes <br />and that, if and when annexed to the City of Louisville, future use shall be as set forth <br />below. Upon annexation, said Parcels are designated City Preservation Area. <br />(b) If and when parcels 157520000019 and 157520000007 (now <br />157520000034) (a total of approximately 20 acres) are annexed to the City of <br />Louisville, future use shall be limited to right -of -way uses, agriculture, and open <br />space, subject to the following: <br />(i) no residential units shall be permitted on these parcels; <br />(ii) prior to the commencement of development of new right -of- <br />way uses on these parcels, there shall be dedicated by the <br />owner(s) thereof a conservation easement to all IGA parties <br />limiting the use of these parcels to right -of -way uses, <br />agriculture, and open space; and <br />(iii) at the time of annexation of these parcels, Louisville shall <br />annex the full length of the existing Paradise Lane right -of- <br />way and the proposed Campus Drive right -of -way. Boulder <br />County hereby consents to annexation by Louisville of said <br />rights -of -way. Right -of -way, agriculture, and open space uses <br />on parcels 157520000019 and 157520000034 may include, <br />without limitation, street and streetscape improvements; <br />pedestrian and bicycle paths and trails; trailhead facilities <br />(including parking, interpretative /education kiosks or similar <br />structures, and accessory picnic and shade structures, <br />provided there are no more than 3,200 square feet of covered <br />structures); fencing; utilities; and entry and gateway signage. <br />2 <br />348 <br />