SUBJECT: Consent Agenda
Title
A Resolution of the Board of Trustees of the Town of Erie Approving a Development Agreement and Accepting Dedications as Shown on the Final Plat for the Westerly Filing No. 1 Subdivision
Body
DEPARTMENT: Planning and Development
PRESENTER: Shannon Moeller, Senior Planner
TIME ESTIMATE:
only required for non-consent items
FISCAL SUMMARY:
Westerly will reimburse the Town for previously Town-constructed utility infrastructure at the rate of $55.00 per lot for the Coal Creek Sanitary Sewer Interceptor and $410.00 per lot for the North Water Reclamation Facility Sanitary Sewer Interceptor. These are standard reimbursement costs that are paid by all developments that connect into these sanitary sewer facilities. Since Westerly is Platting 311 residential lots at this time, total reimbursements to the Town for these two systems will be $144,615.
In addition to these reimbursements, the development will pay building permit fees and will generate property and other taxes to the Town, County, School and Fire Districts, the revenue from which will be used to provide municipal services to support the new development.
STAFF RECOMMENDATION:
Recommendation
Approve the Development Agreement and accept dedications shown on the Final Plat for the Westerly Filing No. 1 Subdivision
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Westerly Filing No. 1 Final Plat is located south of Erie Parkway and east of Weld County Road 5. The Westerly Filing No. 1 Final Plat encompasses 268.11 acres and proposes the creation of 311 residential lots and 27 tracts. The residential lots accommodate single-family front- and alley-loaded detached homes and alley-loaded duplexes and townhomes. Tracts are provided for landscaping, irrigation, drainage and utilities, alleys, pocket parks, open space, and future development.
History:
The subject property was annexed in 1990 into the Town of Erie as the Horst Property. At that time the owner anticipat...
Click here for full text