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HomeMy Public PortalAboutRES-CC-1999-03RESOLUTION 03-99 A RESOLUTION APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF MOAB AND DOUG MCELHANEY FOR DEVELOPMENT OF PROPERTY WITHIN CITY LIMITS WHEREAS, the City has determined that the annexation of property described in Exhibit "1" hereto is in the best interest of the citizens of Moab; and WHEREAS, the City has determined that the property in question is suitable for designation under the R-3 Residential zone because of the allowable lot size regulations of the R- 3 Residential zone; and WHEREAS, the City has determined that all dwellings allowed by R-3 Residential zone regulations may not be suitable for the property in question; and WHEREAS, the City desires that the annexation of the property in question be conditioned upon restriction of the allowable dwelling unit type to single family dwellings only; and WHEREAS, the City has determined that execution of a development agreement between the City and Mr. McElhaney is necessary to ensure that only single family dwellings shall be located on the property in question; and WHEREAS, the Development Agreement by and between the City of Moab and Doug McElhaney for Development of Property within City Limits has been presented to this meeting of the Moab City Council. NOW, THEREFORE, be it hereby resolved that the Moab City Governing Body approves the Development Agreement in substantially the form presented to this meeting of the Moab City Council. PASSED AND ADOPTED in open Council by a majority vote of the Governing Body of the City of Moab this 12ih Day of January, A.D., 1999. �K rl �fil-�i1�6Y�/2G°!1� J a R. Hancock Mayor Rachel Ellison Moab City Recorder DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF MOAB AND DOUG MCELHANEY FOR THE DEVELOPMENT OF PROPERTY WITHIN CITY LIMITS This Development Agreement is entered into by and between the City of Moab ("City") and Doug McElhaney ("Developer") for the development of property shown in Exhibit "1". 1. Developer shall abide by all restrictions of the R-3 Residential zone, except those restrictions governing allowable dwelling units. 2. Developer agrees that dwellings located on the property in question shall be limited to single family dwellings only. This restriction is attached to the deed and shall run with the land in perpetuity. 3. City agrees that the covenants and promises of Developer as contained in this agreement shall be binding upon Developer only if City annexes property identified in Exhibit "1 ". DATED this 12th day of January, 1999. State of Utah County of Grand Subscribed and sworn to .e by Doug McElhaney. De oper's Authorize Representative th day of Januarr.99� n� f� y�l �cc.t (Jv`-�e-�1`/ v31�"�,*gtary Public Karla R. Hancock Mayor E 447253 B 0530 P 151