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Resolution No. 45-92Recorded at the request of and return to : Park city Municipal Corporation P. o. Box 1480 Park city , Utah 84060 Attention : City Recorder Resolution No . 45-92 A RESOLUTION ANNEXING 70.95 ACRES OF THE ESTATE OF JENNIE C. PETERSON AND ASSOCIATED RIGHTS OF WAY INTO THE CORPORATE LIMITS OF PARK CITY, fl " I : . l'C; 1c� UTAH co c: �:::� �.r � ):-- Q2�; ,.., t"l "' WHEREAS , a petition was filed by the owners of land , the Estate of Jennie C. Peterson , included within the area described on the attached Annexation Plat , requesting Park city to annex that land to the city , zoned as Estate (E), and Recreation Open Space (ROS); and WHEREAS , the land is included within the city 's Annexat ion Pol icy Declaration Stat ement and Annexation Boundary area ; and WHEREAS , the City has been working with the property owners for over a year on the purchase of a portion of this property for the enhancement of the city 's entry corridor ; and WHEREAS , the property contains signif icant aesthetic value which will be improved as part of the future improvements to portions of the land; and WHEREAS , the Army Corps of Engineers has identified portions of this property as wetlands with signif icant environmental value which will be improved in conjunction with the annexation and development of portions of this property ; and \'l HERE ... 1\.S , the appl ications for annexation and master planned devel opment for this property were received in advance of the adoption of the Sensit ive Lands Ordinanc e, yet have been des igned and planned to meet the spirit and intent of the Ordinance; and WHEREAS , public hearings , as required by law , were held before the Planning Commission on December 2, 1992 and the city Council on December 17, 1992 ; and WHEREAS , the attached Annexation Agreement (Exhibit A) was approved by the Planning Commission at its meet ing of December 2, 1992 and approved by the city Counc il a t its meeting of December 17 , 1992 ; and 1 of 2 ;Uc WHEREAS , the land in question is not included within any other municipal jurisdiction , and there have been no protests to the annexation filed by any other jurisdiction ; NOW , THEREFORE , BE IT RESOLVED by the City Council of Park City , Utah that the land described on the annexation plat , the North Ha lf of the Southeast Corner of Section s, Township 2 south , Range 4 East , Salt Lake Base and Mer idian , is hereby annexed to the corporate limits of Park City , Utah . SECTION 1. ANNEXATION . The land so annexed shall be entitled to receive all City services on the same ba sis as other land within the city , and shall be subject to all city levies and assessments as described in the terms of the Annexation Agreement , Exhibit A· SECTION 2. EFFECTIVE DATE . This Resolution shall take effect upon passage , provided that the annexat ion shall not be deemed completed until this Resolution is recorded in the Office of the Summit County Recorder together with the Annexation Plat . PASSED AND ADOPTED 17th day of December , 1992 . PARK CITY MUNICIPAL CORPORATION Attest : rbum, -1. .JkJdt?n.2 Anita L. Sheldon , city Recorder STATE OF UTAH ) ) SS . COUNTY OF SUMMIT ) On the 17th day of December 1992 , the foregoing Resolution annexing land of the Estate of Jennie C. Peterson into the corporate limits of Park city , Utah was acknowledged before me by Mayor Bradley A. Olch who executed the same . NOTAR'I' PUBUC JANET M. scon P.O.Box21� �&ol!IS:+MI My 51111 ol WI! 2 of 2 Return to : Park City Municipal Corporation P. 0. BOx 1480 Park City, Utah 84060 Att : City Recorder ANNEXATION AGREEMENT AND SUPPLEMENTAL ANNEXAT ION POLICY DECLARAT ION FOR THE PETERSON PROPERTY This Annexation Agreement is made by and between Park City Mun icipal Corporation and. Mr. Phillip Michael Wr ight representing the Estate of Jennie c. Peterson, to set forth the terms and conditions under which Park City agrees to annex real property owned by the Estate of Jennie c. Peterson and extend its municipal services to that property . This agreement , a supplemental annexation policy declaration , is made under authority of Utah Code Annotated section 10-2-414 , (1953 , as amended ). In consideration of Park City's agreement to annex the Peterson Estate 's real property and in consideration of the mutual promises contained herein , the parties agree that the terms and conditions of annexation shall be as follows : 1. Property . The property to be annexed is described as North half of the southeast quarter of Section 5, Township 2 South, Range 4 East , Salt Lake Base & Mer idian . The property is in Summ it County and is common ly known as The Peterson Property . 2. Zon ing . Upon annexation the property will become subj ect to the Park City Land ·Management Code , Subdivis ion Regulations ; and other City regulations . The property will be zoned in two areas as shown on the annexation plat for the property . The zones sha ll be Recreation Open Space (ROS), and Estate (E). An MPD is being approved concurrent ly by the Planning Commission establishing a density of 7 single family dwellings . This density and master plan have been determined in light of the sensitive wetlands , open space , and entry corridor , and in consideration of the requirements of the Park city Sensit ive Lands Ordinance which has been app lied to this property . 3. uses and Maintenance of the Property . It is the intent of the parties hereto that the appearance of the area zoned 1 of 3 ROS be maintained in its undeveloped state except as provided by the Land Management Code . A Meadow Maintenance Agreement and Animal Management Plan, and a Wetlands Mitigation Plan shall be entered into at the time of Prel iminary Plat approval of the Master Planned Developm ent , which will ensure proper maintenance of the meadow and wetlands areas . The intent of the Maintenance Agreement will be to preserve and enhance the environmental and visual features of the property , and limit all impacts to these areas . 4. Annexation Fees . The Estate of Jennie c. Peterson agrees to pay Park City 's costs associated with the processing of the annexation petition, including publication fees and any special or extraordinary costs associated with the annexat ion . 5. City Fees . Upon annexation, the property is for all purposes part of Park City, and is fully subject to all of its policies , ordinances , regulations , and tax levies , including levies for previously issued bonds . All subdivision and building related fees , including water connect ion , water development , parks development , building permit , engineering inspection and general impact fees will be imposed on the annexed property in the same manner that they are applied elsewhere within Park City . 6. City Services . City services provided to other propert ies in Park City will be provided to the annexation property on the same basis as they are provided to other similarly situated propert_ies . Snow removal will be provided by the petitioner , their subsequent purchasers of lots, or owners association at their cost until more than 50% of the lots are improved and houses ?ccupied , at which time the city wi ll undertake snow removal services . 7. Employee Housing Requ irement . The City 's requirement to provide moderately priced employee housing shall be met either by the construction of restricted emp loyee housing units or by payment to the Park City Housing Authority in lieu of construction of a percentage of the total density, based upon the requirement of one emp loyee dwe lling unit per 10 single family lots as stated in the Annexation Policy Declarat ion . emp loyee housing payment cost has been 2 of 3 The per unit alternative most.-r�c �k�Y ca_lcu _ lated at SMlt fll�At:r509 $49 ,000. a. Road Des ign . Park City agrees to consider road designs submitted by registered engineers on the Estate 's behalf , and agrees that roads within the project will be required to meet Park city standards for residential street s, including adequate provision for construction traffic . 9. Dedication of Water Rights . The Estate has met its water rights dedication obligation by agreement between the Estate and Park City dated December 17, 19 92. DATED this 17th day of December , 1992 . PARK CITY MUNICIPAL CORPORAT ION �cn .Qu �ley A. Olch Attest: �t£Ld<. ,6A_e ,1c/LJYL,J Anita L. Sheldon City Recorder The Estate of Jennie C. Peterson EXHIBIT : A -The Master Plan Affproval Plat � ' ! 3 of 3