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WHEREAS, with respect to the rezoning and other land use regulatory actions required <br />pursuant to this Agreement, the Parties find that U.S. 36 serves as a major throughway in Boulder <br />County; that, due to the level of development activity in the corridor in recent years, U.S. 36 has <br />become more congested, and is projected to become more congested in the next few years, to the <br />point where such highway will not provide the transportation accessibility required, and may not then <br />be functioning at an acceptable level of service; and <br /> <br /> WHEREAS, it is essential that further development in the U.S. 36 corridor be limited, so <br />that traffic-generating uses in the valley do not further exacerbate the congestion of the highway and <br />surrounding transportation infrastructure, and so that future transportation improvements can return <br />the highway to an acceptable level of service; and <br /> <br /> WHEREAS, with respect to the annexation provisions herein, the Parties declare that the <br />Rural Preservation and City Influence Area designations and land use regulations contained in this <br />Agreement affect the future development of each municipality. Consistent with the municipal <br />annexation, utility service, and land use laws of the State of Colorado, this Agreement, including <br />specifically the annexation and utility service portions hereof, is intended to encourage the natural <br />and well-ordered future development of each Party; to promote planned and orderly growth in the <br />affected areas; to distribute fairly and equitably the costs of government services among those <br />persons who benefit therefrom; to extend the government, services, and facilities to the affected areas <br />in a logical fashion; to simplify providing utility services to the affected areas; to simplify the <br />governmental structure of the affected areas; to reduce and avoid, where possible, friction between <br />the Parties; and to promote the economic viability of the Parties; and <br /> <br /> ? <br /> <br /> WHEREAS, the functions described in this Agreement are lawfully authorized to each of the <br />Parties which perform such functions hereunder, as provided in article 20 of title 29; part 1 of article <br />28 of title 30; part 1 of article 12 of title 31; and parts 2 and 3 of article 23 of title 31, C.R.S., as <br />amended; and <br /> <br /> WHEREAS, 29-1-201, et seq., C.R.S., as amended, authorizes the Parties to cooperate and <br />contract with one another with respect to functions lawfully authorized to each of the Parties and the <br />people of the State of Colorado have encouraged such cooperation and contracting through the <br />adoption of ColoradO Constitution, Article XIV, 18(2); and <br /> <br /> WHEREAS, the Parties have each held hearings after proper public notice for the <br />consideration of entering into this Agreement and the adoption of a comprehensive development plan <br />for the subject lands, hereinafter referred to as the "Plan Area", as shown on the map portion of the <br />Development Limitations attached hereto as Exhibit A. <br /> <br /> NOW THEREFORE, in consideration of the above and the mutual covenants and <br />commitments made herein, the Parties agree as follows: <br /> <br />1. U.S. 36 CORRIDOR COMPREHENSIVE DEVELOPMENT PLAN. T h i s <br /> <br />2 <br /> <br /> <br />