City Council Study Session Agenda and Packet 2009 04 20

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JG"~l to have the North Property d approval of this Agreement puz existing owner(s) fail to take to disconnect will continue ar owners. If any owner of the Z disconnection application prior may decide not to place this provided in Paragraph 12. 3. Annexation of South P annexed to Superior, then the f a. Superior shall not allc Property, except that up to eigh be developed for residential rei more buildings not exceeding the commercial buildings on the Sout .sconnected from Superior after suant to Paragraph 12. If the ich action, Superior's obligation d will apply to any subsequent orth Property fails to sign the to August 16, 1997, either party Agreement before its voters as party. If the South Property is lowing shall apply: v any residential use on the South acres of the South Property may irement/senior housing in one or height limitation applicable to i Property. b. Superior shall not p rmit development of other than retail uses an thirty-four (34) cres of the South Property. c. Superior shall share of the amount of revenues receiv a 2.7 percent sales tax rate t~ located within the South Proper Louisville quarterly pursuant to Louisville City Administrator a the extent allowed by Colorado 1~ to inspect the applicable record of any payment made or due; a cooperate and take such actions inspection. .th Louisville, fifty (50) percent d by Superior from application of retail sales made by businesses y. Such amount shall be paid to a process to be agreed upon by the d the Superior Town Manager. To ~u, Louisville shall have the right of Superior to verify the amount .d Superior and Louisville shall as may be necessary to allow such d. Upon annexation of the jurisdiction over the South ] continue to apply to the Sou Superior. To the extent this Ac Superior ordinance, resolution, t controls. 4. 8nnexation of North disconnection of the North Prope but is not required to, annex Louisville may not proceed to an the parties determine that the N U.S. 36 right-of-way or other imp North Property is annexed to Loi apply: a. Louisville shall not North Property. South Property, Superior will have roperty. This Agreement shall h Property after annexation by reement conflicts with any future otion, or contract, this Agreement Property by Louisville. After qty from Superior, Louisville may, the North Property, except that iex the North Property until after ~rth Property is not necessary for rovements related thereto. If the isville, then the following shall rmit any residential use on the 3 s