Entry for January 9, 2008 ANNEX AT WHAT COSTS?
Loveland City Manager Don Williams presented the best possible agreement the city was able to negotiate with land owners along I-25 and 402 for ann.exation.
The Council didn't appear to like it except for the Mayor and Councilman Heckle
This time, it appears the property owners stand to receive tax dollars for the next 25 years regardless of how they develop their property, they demand certain zoning, reimbursement for expenses and much more.
We have obtained the actual agreement being proposed and posted a link to it on LovelandPolitics' main page. This particular agreement draft was first drafted December 28, by Gregory White , an attorney for the land owners .
Among the controversial provisions is the requirement that water shares worth approximately $50,000 each be purchased by the city at $70,000 each.
Critical data is missing from the draft regarding specific dollar amounts the property owners are seeking for "reimbursement" cost. The agreement also states the city will pay the property owners their costs whether the property is annexed or not.