City Council Study Session Agenda and Packet 2009 04 20

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~~/~]~ C H. Louisville finds that . a commitment to planned and o location of activities and d increased demands for its service possible, friction between the economic viability of their resp revenue sufficient to meet the z t, and Superior finds that it, has ~derly growth; to regulating the ~velopment which may result in s; to reducing and avoiding, where two parties; to promoting the :etive communities; and to raising eeds of their citizens; and I. U.S. 36 provides a lo~ical boundary between Louisville and Superior; and J. It is in the best jointly plan improvements to the U.S. 36 at McCaslin Boulevard (t to handle traffic generated by e within each municipality. nterest of each municipality to Superior/Louisville interchange of ie "Interchange") and its capacity fisting and anticipated development zi. NOW, THEREFORE, in conside ation of the mutual covenants and agreements contained herein, L uisville and Superior agree as follows: 1. Disconnection of S Louisville agrees to disconnect provisions of state law, the ~ consisting of approximately ei McCaslin Boulevard and south of Louisville shall request that Property sign an application, in to have the South Property d: Louisville shall proceed to ii approval of this Agreement pursu of the South Property fails to ~ application prior to August 16, to place this Agreement before i 12. The South Property has been retail use and Louisville woul other benefits if the South ProF retail uses within the boundarie Council of Louisville finds t Property is appropriate given provisions of this Agreement. from Louisville, pursuant to the property described on Exhibit A, ~hty (SO) acres located east of U.S. 36 (the "South Property"). .he existing owners of the South a form acceptable to both parties, sconnected from Louisville, and tplement the disconnection after ant to Paragraph 12. If any owner roperly execute the disconnection 1997, either party may decide not :s voters as provided in Paragraph zoned by Louisville for commercial i derive substantial revenue and erty was developed for commercial a of Louisville. However, the City hat disconnection of the South :he revenue sharing and land use 2. Superior agrees to disconnect from Superior, pursuant to the provisions of state law, the property on the north side of U.S. 36 of approximately five acres which i within the boundaries of the Town of Superior and is described in Exhibit B (the "North Property"). Superior shall request that th existing owner(s) of the North Property sign an application, inia form acceptable to both parties, 2 5